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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#441

Post by sgt »

jjav wrote: post #347
jjulius wrote: post #285

Earlier quoted context omitted.

>Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in! This comment is really, really tone-deaf. People can believe strongly in the vision and mission of a company while also feeling strongly that upper leadership is steering it in the wrong direction and/or making decisions that negatively impact the compan…

Exactly. I remember when ponytail became the CEO at Sun. Most of Sun employees loved Sun to a level that hasn't been experienced anywhere else, while hating the new CEO.

Interesting. When I learned about Ponytail (Jonathan Schwartz, possibly spelled incorrectly), I perceived him as the guy who would rescue Sun. I still remember his presentation of Looking Glass - it felt so modern. Little did I know...

Re: Coinbase employees petition to remove execs

#442

Post by sokoloff »

slenk wrote: post #381
TrapLord_Rhodo wrote: post #372

Earlier quoted context omitted.

It's wierd tho because it's not ENTIRELY tone-deaf. When i was reading it i would agree wholehearitly with some, and wince at others. If he would have left it at these two points and immeditaly called a company all hands: >First of all, if you want to do a vote of no confidence, you should do it on me and not blame the execs. Who do you think is running this company? I was a little offended not to be included :) > Ou…

Notice shareholders comes before customers

The amount of likely harm to shareholders is greater than the amount of likely harm to customers from this action.

Re: Coinbase employees petition to remove execs

#443

Post by exdsq »

barmstrong wrote: post #271

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

Responses like this from C-levels in crypto make me glad I moved from the space after 4 years. Everyone is so egotistical. Blaming it on mental patterns of the employees without accepting it could be some really shitty management from your colleagues instead is toxic. Have a good hard look at the people named in this petition.

Here’s a link on your CPO:

https://www.teamblind.com/post/Coinbase-product-team-culture...

Re: Coinbase employees petition to remove execs

#444

Post by exdsq »

jiggawatts wrote: post #124
asien wrote: post #43

Earlier quoted context omitted.

> I think FB, Goog, etc. could lay off thousands with no adverse effects and in fact an increase in velocity, quality, and quantity of new features/products. You can add Airbnb,Netflix,Uber they often attend conference to describe their architectures.It’s obvious most of these people have no idea what they are doing have no clear direction. They are just havin’ fun will trying to navigate corporates politics. Even th…

There was a post here recently where a Netflix employee was proudly showing off their log processing system. Which was collecting the equivalent of nearly 2 MB of logs per minute of user streaming time. In my mind, that's just bonkers, and no amount of handwaving could justify it.

Warning: NPM packages are out of date x 1000000

Re: Coinbase employees petition to remove execs

#445

Post by exdsq »

schmeckleberg wrote: post #164
asien wrote: post #151

Earlier quoted context omitted.

> 2 MB of logs per minute of user streaming time. 2MB/minute is 33KB/second. How is that impressive?

i think you and the above poster are in vehement agreement. ingesting 2 MBs of logs per minute is impressive in its pluperfect unimpressiveness. maybe the presentation was called "Timmy's first named pipe" or "Sally explores /etc/logrotate.d"

220m users. Let’s imagine 50m are streaming concurrently. That’s 100TB an hour in logs lol. They could be storing an entire petabyte of logs a day. My friend did some data center stuff for the large hadron collider and wasn’t hitting these data ingestion states, and these are just to record me binging the office.

Re: Coinbase employees petition to remove execs

#446

Post by ellipsesdots »

tomp wrote: post #439
watwut wrote: post #416

Earlier quoted context omitted.

> while airing confidential dirty laundry I mean, being silent about company dirty laundry is not exactly virtue.

Nope. If you're leaking about something that's genuinely concerning (criminal, or just very bad and immoral), by all means, leak it. But this seems more of a leak to make some noise, to win an argument by public opinion. Nothing but a political stunt. Not very virtuous.

I disagree.

It's not a political stunt. The people who haven't left clearly want to remain their for various reasons asides from the issues they expressed. It's an attempt from those employees to actually improve the company and address the issues they have.

Re: Coinbase employees petition to remove execs

#447

Post by tomp »

blueben wrote: post #376
wonderwonder wrote: post #313

Earlier quoted context omitted.

Sure, but not in an illegal way, I think its warranted. Its one thing to post the recall letter internally but to publicly bash your employer and call for the firing of others and expect to keep your job is insanity. They could have easily rewritten the letter to be less inflammatory, identified the problems, proposed solutions that did not target individual leaders and posted it on an internal board. We are at a str…

If your execs prevent your employees from interacting with the board of directors, their only option is to go public to get the board and investors' attention. Brian only wants this to stay internal because he can control the narrative, how people communicate about it, and what the board and investors are made aware of.

In which company can non-executive/management employees interact with the board of directors?

Re: Coinbase employees petition to remove execs

#448

Post by ummonk »

Can anyone claim with a straight face that Coinbase is well managed? You shouldn't be getting to the point where you're rescinding accepted job offers. Any reasonable leadership would have frozen hiring earlier instead of sending out job offers that would have to be rescinded.

Though I would imagine the responsibility for this extends to the CEO, not the various execs.

Re: Coinbase employees petition to remove execs

#449

Post by iudqnolq »

gamblor956 wrote: post #440
iudqnolq wrote: post #388

Earlier quoted context omitted.

Nope. > But wait, you bluster, the custodial agreement clearly says that I am the owner, that it’s my property, that I retain title to it. Yup, but that’s not how the law actually works. Just because they wrote that doesn’t mean it’s true. > In fact, the exchanges are lulling the consumers with language claiming that the consumer "owns" the coins, when in fact the legal treatment is quite likely to be different in ba…

Nope. Your citation refers to the status of customers with respect to other creditors. It says diddly squat about shareholders , who are below creditors in the event of a bankruptcy. Because, in a corporate bankruptcy, shareholders generally lose their investment.

Yes, I got that wrong.

Absent bankruptcy, fiduciary duty to shareholders is prioritized over creditor's interests. In bankruptcy, customers will be screwed over to benefit the other creditors, not to benefit the shareholders as I mistakenly said.

Re: Coinbase employees petition to remove execs

#450

Post by ummonk »

tomp wrote: post #439
watwut wrote: post #416

Earlier quoted context omitted.

> while airing confidential dirty laundry I mean, being silent about company dirty laundry is not exactly virtue.

Nope. If you're leaking about something that's genuinely concerning (criminal, or just very bad and immoral), by all means, leak it. But this seems more of a leak to make some noise, to win an argument by public opinion. Nothing but a political stunt. Not very virtuous.

It's a publicly traded company. The shareholders have a right to know if the company is being mismanaged, so they can take action to improve management of the company they own.
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