Coinbase employees petition to remove execs

Re:Coinbase employees petition to remove execs by stuff4ben on Friday June 10, 2022 @09:33AM (#31693940)

Oh for heaven's sake, just quit. Vote with your feet and walk them out the door to another job. The market is good (for now), best do it before that changes. When the people who do the actual work leave and they can't hire anyone due to their poor reputation because of the previously rescinded offers, they'll reap their own rewards.

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Re:Coinbase employees petition to remove execs by achow on Friday June 10, 2022 @09:54AM (#31694241)

What if they believe in the product, platform or the company?

I think that is what is happening here, they mention at the bottom - replace the current execs with people who are knowledgable about crypto world.

They want the company to succeed.

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Re:Coinbase employees petition to remove execs by coryfklein on Friday June 10, 2022 @10:49AM (#31694995)

Right? A lot depends on how much power these individuals have. If the folks running the petition hold a lot of sway in engineering then the petition could have a real impact; even if it's just forcing the leadership to pay more attention to folks working at the ground level.

On the other hand, if you're some random dude in the IT department with very little influence or stock ownership, and with little reason to believe the host of engineering and product is going to stand up behind you, then yeah I'd say the time spent organizing an effort like this is much better spent "shopping elsewhere".

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Re:Coinbase employees petition to remove execs by hcnews on Friday June 10, 2022 @11:57AM (#31695923)

Why shouldn't the execs be kicked out if they are not performing to standards? Why should regular employees leave for problems in their heirarchy?

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Re:Coinbase employees petition to remove execs by cuteboy19 on Friday June 10, 2022 @04:44PM (#31699163)

It's not really their problem, it's the shareholders problem.

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Re:Coinbase employees petition to remove execs by jjfoooo4 on Friday June 10, 2022 @07:44PM (#31700586)

Their employees are also shareholders

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Re:Coinbase employees petition to remove execs by cybdestroyer on Friday June 10, 2022 @10:12AM (#31694496)

So if they quit, what happens to their stock options if they aren’t fully vested? In my company they go to the execs…for heaven’s sake.

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Re:Coinbase employees petition to remove execs by pg_1234 on Friday June 10, 2022 @12:39PM (#31696439)

Even if you plan to leave, on the way out do what you can to take down toxic management to protect the colleagues you leave behind.

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Re:Coinbase employees petition to remove execs by LatteLazy on Friday June 10, 2022 @09:40AM (#31694034)

Exactly.

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