7 ms·

One of the biggest compensation packages I've ever heard of (600M+ in 5 years) and he walked away a year in. Wow.

by leesec 4y ago

boeingUH60 4y ago
I doubt he voluntarily walked away…the only product he launched, the Coinbase NFT marketplace, flopped and the general crypto slump has also affected the company.
- capableweb 4y ago
  > “As our product leaders have taken on more responsibility, I've been able to consider taking a much-needed personal break to spend more time with my family. It has been a tough year for me personally — my father was diagnosed with Alzheimer's disease, and my mother passed away unexpectedly. If I'm honest with myself, I don't think I've allowed myself time to grieve either yet,” he wrote in a recent LinkedIn post. https://www.linkedin.com/pulse/reflecting-my-crypto-web3-journey-time-little-break-chatterjee https://www.linkedin.com/pulse/reflecting-my-crypto-web3-jou... Maybe these people absolutely no heart at all but I'd be a tiny bit surprised if he actually mentioned his mothers death and father getting Alzheimer's as the reason for leaving when in reality he was fired.
  - jacobsenscott 4y ago
    What a POS - we had to continue to work while caring for a family member with Alzheimer's, their death, and the death of another family member. I'm sure many of his reports had to continue to work though similar situations.
    - leesec 4y ago
      Not sure why the outburst man. His mom died, it's a valid reason to not want to work for a bit, and why would you if you had 105 million
      - wpietri 4y ago
        It is a valid reason, and I took a leave after my mom died. But I'd rather take a beating than use it as part of a glib, self-serving announcement like this.
        ignoramous 4y ago
        It is worth noting that people think differently. tbh, I see no need to assume that Surojit's using his parent's demise as some kind of a narcissistic indulgence to pocket Internet karma.
        wpietri 4y ago
        Sure. We see this differently. Such are the glories of the internet.
      - jacobsenscott 4y ago
        This guy fails and gets 100+M dollars - never has to work another day in his life, and somehow after all that his break is "much needed"? Really? You need a break from making 1M per year for 3 years with a 100M kicker at the end? You know who needs a break - the 1000 people coinbase fired because Surojit Chatterjee and his C suite cronies wanted to bump their stock price.
        leesec 4y ago
        Literally chill out. Rich people need breaks too. 100M isn't going to stop you from feeling sad when your mom dies.
    - theGnuMe 4y ago
      This is why we need robust paid family medical leave as a society.
  - wpietri 4y ago
    I wouldn't be surprised. "spend more time with family" is a classic lie when fired. E.g., this article from 2013: https://patch.com/virginia/oakton/what-resigning-to-spend-more-time-with-family-really-means_cfa81096 https://patch.com/virginia/oakton/what-resigning-to-spend-mo... Or this, from 2006: https://www.nytimes.com/2006/12/23/business/23family.html https://www.nytimes.com/2006/12/23/business/23family.html
    - capableweb 4y ago
      If he just said "spend more time with family", then I agree, it sounds like a cop-out. But specifically referring to actual life events? Less likely to be cop-out, at least that's the feeling I get.
      - wpietri 4y ago
        Yeah, hard to say. Spending more time with family is a also thing people legitimately do. But especially the bit about "If I'm honest with myself, I don't think I've allowed myself time to grieve either yet," puts it back in the "glib excuse-making" category for me, in that the diagnosis happened sometime in the last year, and he's made his dad's illness about his grieving, not caring for his dad.
pastor_bob 4y ago
These tech companies just print shares for comp like its nothing
tofuahdude 4y ago
3 years in

One of the biggest compensation packages I've ever heard of (600M+ in 5 years) and he walked away a year in. Wow.

by leesec 4y ago

One of the biggest compensation packages I've ever heard of (600M+ in 5 years) and he walked away a year in. Wow.

I doubt he voluntarily walked away…the only product he launched, the Coinbase NFT marketplace, flopped and the general crypto slump has also affected the company.

capableweb 4y ago
> “As our product leaders have taken on more responsibility, I've been able to consider taking a much-needed personal break to spend more time with my family. It has been a tough year for me personally — my father was diagnosed with Alzheimer's disease, and my mother passed away unexpectedly. If I'm honest with myself, I don't think I've allowed myself time to grieve either yet,” he wrote in a recent LinkedIn post. https://www.linkedin.com/pulse/reflecting-my-crypto-web3-journey-time-little-break-chatterjee https://www.linkedin.com/pulse/reflecting-my-crypto-web3-jou... Maybe these people absolutely no heart at all but I'd be a tiny bit surprised if he actually mentioned his mothers death and father getting Alzheimer's as the reason for leaving when in reality he was fired.
- jacobsenscott 4y ago
  What a POS - we had to continue to work while caring for a family member with Alzheimer's, their death, and the death of another family member. I'm sure many of his reports had to continue to work though similar situations.
  - leesec 4y ago
    Not sure why the outburst man. His mom died, it's a valid reason to not want to work for a bit, and why would you if you had 105 million
    - wpietri 4y ago
      It is a valid reason, and I took a leave after my mom died. But I'd rather take a beating than use it as part of a glib, self-serving announcement like this.
      - ignoramous 4y ago
        It is worth noting that people think differently. tbh, I see no need to assume that Surojit's using his parent's demise as some kind of a narcissistic indulgence to pocket Internet karma.
        wpietri 4y ago
        Sure. We see this differently. Such are the glories of the internet.
    - jacobsenscott 4y ago
      This guy fails and gets 100+M dollars - never has to work another day in his life, and somehow after all that his break is "much needed"? Really? You need a break from making 1M per year for 3 years with a 100M kicker at the end? You know who needs a break - the 1000 people coinbase fired because Surojit Chatterjee and his C suite cronies wanted to bump their stock price.
      - leesec 4y ago
        Literally chill out. Rich people need breaks too. 100M isn't going to stop you from feeling sad when your mom dies.
  - theGnuMe 4y ago
    This is why we need robust paid family medical leave as a society.
- wpietri 4y ago
  I wouldn't be surprised. "spend more time with family" is a classic lie when fired. E.g., this article from 2013: https://patch.com/virginia/oakton/what-resigning-to-spend-more-time-with-family-really-means_cfa81096 https://patch.com/virginia/oakton/what-resigning-to-spend-mo... Or this, from 2006: https://www.nytimes.com/2006/12/23/business/23family.html https://www.nytimes.com/2006/12/23/business/23family.html
  - capableweb 4y ago
    If he just said "spend more time with family", then I agree, it sounds like a cop-out. But specifically referring to actual life events? Less likely to be cop-out, at least that's the feeling I get.
    - wpietri 4y ago
      Yeah, hard to say. Spending more time with family is a also thing people legitimately do. But especially the bit about "If I'm honest with myself, I don't think I've allowed myself time to grieve either yet," puts it back in the "glib excuse-making" category for me, in that the diagnosis happened sometime in the last year, and he's made his dad's illness about his grieving, not caring for his dad.

pastor_bob 4y ago

These tech companies just print shares for comp like its nothing

tofuahdude 4y ago

3 years in