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What do you have in mind for "real accountability?" He could've deflected responsibility or hid behind a proxy, which happens all the time. Now, he gets more j
by caminante 4y ago
What do you have in mind for "real accountability?"
He could've deflected responsibility or hid behind a proxy, which happens all the time. Now, he gets more judgment good/bad directed at him from shareholders, the board, and customers.
- i13e 4y agohttps://www.theblock.co/linked/96078/coinbase-ceo-brian-armstrong-60-million-total-compensation-2020 https://www.theblock.co/linked/96078/coinbase-ceo-brian-arms... Taking a pay cut in addition to the layoffs would be a good start
- lkramer 4y agoBonus and Salary cut would be a good place to start.
- andyjohnson0 4y ago> What do you have in mind for "real accountability?" Reduction in pay and/or bonus. Loss of options. Reduction in his health cover to the same amount being offered to the people being sacked. Temporary or permanent removal from the board (probably not legally possible, but...). Obviously none of those things will happen because, short of gross misconduct, they basically never happen to people in the executive layer - especially founders. > He could've deflected responsibility or hid behind a proxy, which happens all the time. Now, he gets more judgment good/bad directed at him from shareholders, the board, and customers. I think it would have been better for him not to claim personal accountability when everyone knows there is none. It's false and un-empathic. He has a net worth of $2.4 billion: there are no consequences and so no accountability.
- jjulius 4y agoNow, far be it from me to claim that there wasn't bloat in their workforce that generally needed to go, but if money is an issue, I'm pretty sure the CEO could use a house that costs a lot less than $133 million.