3 ms·
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
by 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 agoEither 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 agoLevandowski 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 agoMoney 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 agoIs it that hard to imagine that some people enjoy working?
- bpicolo 4y agoWouldn't an exec getting options be bizarre? Would expect RSUs or common stock