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Interesting that they mention the Chief Product Officer, Surojit Chatterjee. I remember reading about him as the guy who got over $600 million [1] in compensat

Interesting that they mention the Chief Product Officer, Surojit Chatterjee. I remember reading about him as the guy who got over $600 million [1] in compensation for 15 months of work (factoring Coinbase’s high share price at the time of its direct listing)…mind-blowing 1 - https://www.bloomberg.com/news/articles/2021-04-14/google-executive-s-2020-move-to-coinbase-is-worth-668-million https://www.bloomberg.com/news/articles/2021-04-14/google-ex...

thematrixturtle 4y ago
If it's any consolation, that compensation was in Coinbase shares and options at the IPO valuation of ~$320/share, meaning it's been slashed to under a fifth of that at the current $64, possibly less if the options are under water now.
- Teknoman117 4y ago
  Either way, if I ended up with $100 million ($600 million * stock crash) I’d probably retire. It’s mind boggling to me when people with such wealth want even more. Take the guy who stole tech from Google and went to Uber. Google gave him enough to live out his days doing whatever he pleaded for the most part. Yet obviously he felt like he wanted more - whether that was money, recognition, etc. and lost it all. It’s crazy to me.
  - Apocryphon 4y ago
    Levandowski supposedly left Google for Uber because Kalanick promised him more resources to commercialize self-driving vehicles and make them a reality, but that’s probably a “principled villain” depiction of his crimes (as seen in Super Pumped).
  - ethanbond 4y ago
    Money is a highly visible, easily comparable, unambiguous “point system.” It’s not to feed their family or anything like that, it’s to prove that they can earn more points and that’s it.
  - s1artibartfast 4y ago
    Is it that hard to imagine that some people enjoy working?
- bpicolo 4y ago
  Wouldn't an exec getting options be bizarre? Would expect RSUs or common stock

thematrixturtle 4y ago

If it's any consolation, that compensation was in Coinbase shares and options at the IPO valuation of ~$320/share, meaning it's been slashed to under a fifth of that at the current $64, possibly less if the options are under water now.

Teknoman117 4y ago
Either way, if I ended up with $100 million ($600 million * stock crash) I’d probably retire. It’s mind boggling to me when people with such wealth want even more. Take the guy who stole tech from Google and went to Uber. Google gave him enough to live out his days doing whatever he pleaded for the most part. Yet obviously he felt like he wanted more - whether that was money, recognition, etc. and lost it all. It’s crazy to me.
- Apocryphon 4y ago
  Levandowski supposedly left Google for Uber because Kalanick promised him more resources to commercialize self-driving vehicles and make them a reality, but that’s probably a “principled villain” depiction of his crimes (as seen in Super Pumped).
- ethanbond 4y ago
  Money is a highly visible, easily comparable, unambiguous “point system.” It’s not to feed their family or anything like that, it’s to prove that they can earn more points and that’s it.
- s1artibartfast 4y ago
  Is it that hard to imagine that some people enjoy working?
bpicolo 4y ago
Wouldn't an exec getting options be bizarre? Would expect RSUs or common stock