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Particularly notable here since Coinbase is famously a "mission-focused" company [1]: > Coinbase’s mission is to create an open financial system for the world.

Particularly notable here since Coinbase is famously a "mission-focused" company [1]: > Coinbase’s mission is to create an open financial system for the world. This means we want to use cryptocurrency to bring economic freedom to people all over the world. Selling geolocation data to ICE definitely detracts from that mission. Whoops! [1] https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804 https://blog.coinbase.com/coinbase-is-a-mission-focused-comp...

greenie_beans 4y ago
To me, that's a very political mission.
- tessierashpool 4y ago
  it is a very, very intensely political mission. it's phrased almost entirely in political terms.
tomc1985 4y ago
Hah, does anyone actually believe a company's "mission statement"?
- tmp_anon_22 4y ago
  > We act as #OneCoinbase, putting the company’s goals ahead of any particular team or individual goals. The thing I hate about this fake corporate mission is there is absolutely no need for the lie. Just be honest, hey we started this company, the founders will have disproportionate returns because we were first and control the equity power structure, you will work for us and make less money - even in the event of an exit. Sometimes we will fire you. We will make mistakes. Lets be adults. Instead its: "In our supreme nobility we sacrifice everything at the alter of the almighty cause, and so should you. Follow in our virtuous foot steps. Ask not what your company can do for you, but what you can do for your company!" ...
  - tomc1985 4y ago
    The only honest mission statement is, "we exist to make as much money as possible" And until shareholder supremacy is no longer a thing, anything else is a lie Support your favorite B-corp, folks
    - eshack94 4y ago
      Exactly this. I don't understand why companies that exist to make money feel the need to be dishonest about their desire to make money.
      - lowbloodsugar 4y ago
        Because far too many potential employees still believe in a just world.
        weq 4y ago
        Capitalism exists to eat all else. Every class has its own destiny.
    - mlmonkey 4y ago
      "we exist to make as much money as possible".... for ourselves. You plebes should just be thankful that you have jobs.
    - bb88 4y ago
      And it better be your favorite B-corp, too, we pay your f'ing salaries.
    - avivo 4y ago
      Not exactly right anymore. Check out https://www.unepfi.org/publications/investment-publications/universal-ownership-why-environmental-externalities-matter-to-institutional-investors-2/ https://www.unepfi.org/publications/investment-publications/... "Large institutional investors are, in effect, “Universal Owners”, as they often have highly-diversified and long-term portfolios that are representative of global capital markets. Their portfolios are inevitably exposed to growing and widespread costs from environmental damage caused by companies. They can positively influence the way business is conducted in order to reduce externalities and minimise their overall exposure to these costs. Long-term economic wellbeing and the interests of beneficiaries are at stake. Institutional investors can, and should, act collectively to reduce financial risk from environmental impacts." Also https://theshareholdercommons.com/ https://theshareholdercommons.com/ / https://engine1.com/ https://engine1.com/ that are working to embed this into corporate DNA
- hourago 4y ago
  I guess that shareholders. If a company lies on its mission how can anyone invest on it?
- WelcomeShorty 4y ago
  I would go as far as saying that company's "mission statements" are in fact the inverse of what they do. It always portrays the image they would like to have and by default do not, otherwise there would be no reason to communicate it so prominently.

greenie_beans 4y ago

To me, that's a very political mission.

tessierashpool 4y ago
it is a very, very intensely political mission. it's phrased almost entirely in political terms.

tomc1985 4y ago

Hah, does anyone actually believe a company's "mission statement"?

tmp_anon_22 4y ago
> We act as #OneCoinbase, putting the company’s goals ahead of any particular team or individual goals. The thing I hate about this fake corporate mission is there is absolutely no need for the lie. Just be honest, hey we started this company, the founders will have disproportionate returns because we were first and control the equity power structure, you will work for us and make less money - even in the event of an exit. Sometimes we will fire you. We will make mistakes. Lets be adults. Instead its: "In our supreme nobility we sacrifice everything at the alter of the almighty cause, and so should you. Follow in our virtuous foot steps. Ask not what your company can do for you, but what you can do for your company!" ...
- tomc1985 4y ago
  The only honest mission statement is, "we exist to make as much money as possible" And until shareholder supremacy is no longer a thing, anything else is a lie Support your favorite B-corp, folks
  - eshack94 4y ago
    Exactly this. I don't understand why companies that exist to make money feel the need to be dishonest about their desire to make money.
    - lowbloodsugar 4y ago
      Because far too many potential employees still believe in a just world.
      - weq 4y ago
        Capitalism exists to eat all else. Every class has its own destiny.
  - mlmonkey 4y ago
    "we exist to make as much money as possible".... for ourselves. You plebes should just be thankful that you have jobs.
  - bb88 4y ago
    And it better be your favorite B-corp, too, we pay your f'ing salaries.
  - avivo 4y ago
    Not exactly right anymore. Check out https://www.unepfi.org/publications/investment-publications/universal-ownership-why-environmental-externalities-matter-to-institutional-investors-2/ https://www.unepfi.org/publications/investment-publications/... "Large institutional investors are, in effect, “Universal Owners”, as they often have highly-diversified and long-term portfolios that are representative of global capital markets. Their portfolios are inevitably exposed to growing and widespread costs from environmental damage caused by companies. They can positively influence the way business is conducted in order to reduce externalities and minimise their overall exposure to these costs. Long-term economic wellbeing and the interests of beneficiaries are at stake. Institutional investors can, and should, act collectively to reduce financial risk from environmental impacts." Also https://theshareholdercommons.com/ https://theshareholdercommons.com/ / https://engine1.com/ https://engine1.com/ that are working to embed this into corporate DNA
hourago 4y ago
I guess that shareholders. If a company lies on its mission how can anyone invest on it?
WelcomeShorty 4y ago
I would go as far as saying that company's "mission statements" are in fact the inverse of what they do. It always portrays the image they would like to have and by default do not, otherwise there would be no reason to communicate it so prominently.