Chapter
Coinbase CEO on Company Mission and Severance Packages
26:58 - 31:54 (04:56)
Coinbase CEO explains the company's mission to be apolitical and avoid social conversations in the workplace, which sparked criticism leading to severance packages for employees who disagreed with this stance. He discusses the decision-making process, possible ramifications, and outcome of the controversy.
Clips
Brian Armstrong, CEO of Coinbase, discusses his decision to offer generous severance packages to employees who disagreed with the company's mission statement of avoiding political and social conversations in the workplace.
26:58 - 29:43 (02:45)
Summary
Brian Armstrong, CEO of Coinbase, discusses his decision to offer generous severance packages to employees who disagreed with the company's mission statement of avoiding political and social conversations in the workplace. He shares how he prepared for the possible ramifications of the decision and reflects on how it has impacted the company.
ChapterCoinbase CEO on Company Mission and Severance Packages
Episode#627: Brian Armstrong, CEO of Coinbase — The Art of Relentless Focus, Preparing for Full-Contact Entrepreneurship, Critical Forks in the Path, Handling Haters, The Wisdom of Paul Graham, Epigenetic Reprogramming, and Much More
PodcastThe Tim Ferriss Show
The pandemic led to increased activism within companies, with employees starting to ask more difficult questions about broader societal issues, rather than simply focusing on their work.
29:43 - 31:54 (02:11)
Summary
The pandemic led to increased activism within companies, with employees starting to ask more difficult questions about broader societal issues, rather than simply focusing on their work. This was accompanied by a sense of reduced belonging, as employees felt disconnected from their coworkers.