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DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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“When Surojit Chatterjee logs out on his final day as chief product officer at Coinbase on February 3, he will have made a whopping $105 million from stock sales.”
That is absolutely insane!
Take a look at some of the highest paid CEOs today:
“According to Forbes, the highest paid CEO in the world is Elon Musk, who took home a staggering $595.3 million in 2020.”
Apple’s Tim Cook made a total of $125 million in 2019.
Amazon’s Andy Jassy made $212M in 2022.
$105M for a CPO of a company worth $13B is quite a chunk of change.
Oh but Coinbase’s Chief Operating Officer Emilie Choi booked $106 million in stock sales that same year.
Coinbase has 103 million verified users in 2022.
It has 9 million monthly active users and 6 million daily active users.
Those are not small boy numbers.
Of course everything is small compared to big brother Binance, but who knows what goes on behind those doors?
Who is Chatterjee?
He has driven the company’s success in this regard and led product, design, engineering and marketing efforts.
His tenure at the company saw a surge in user growth and revenue, leading to his impressive $105M stock sale.
He joined Coinbase in Feb 2020 with a salary of just $1M/year.
In just 3 years, he took home more than $105M in stock sales and salaries.
Plus the $105M payday when he leaves, that’s more than $200M+!
In those same 3 years, Coinbase’s share price went up with Bitcoin prices and subsequently, down too.
It was a roller coaster ride to be frank.
“In April 2021, Bloomberg noted that Chatterjee’s five-year contract with the company was worth $646 million.”
But he is only doing 3 years and ending it earlier, forgoing bonuses and at a time when Coinbase’s stock is way down from its peak.
Translation: he lost out on potentially a lot more money.
So why do it?
Why end his contract prematurely and lose out on all the potential gains?
It wasn’t for a happy reason.
He wanted to take a break and focus on his family.
His dad was diagnosed with Alzheimer’s and his mum passed suddenly.
“If I’m honest with myself, I don’t think I’ve allowed myself time to grieve either yet”.
Nothing hits harder than life.
Family is an essential feature of life, not a bug.
We have to spend time to nurture, care and grow it.
I don’t care how rich, famous, talented or intelligent you are, we all have family problems.
I wish Chatterjee all the best.
And to everyone else out there struggling, take a pause, center yourself and fight on harder.
Don’t give up.
And now he is an EIR at a16z to learn from the best and plot his next move.
-
Do you use Coinbase?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #chatterjee #COO #CPO #coinbase #BrianArmstrong #stocks #compensation #tesla #apple #timcok #elonmusk
“When Surojit Chatterjee logs out on his final day as chief product officer at Coinbase on February 3, he will have made a whopping $105 million from stock sales.”
That is absolutely insane!
Take a look at some of the highest paid CEOs today:
“According to Forbes, the highest paid CEO in the world is Elon Musk, who took home a staggering $595.3 million in 2020.”
Apple’s Tim Cook made a total of $125 million in 2019.
Amazon’s Andy Jassy made $212M in 2022.
$105M for a CPO of a company worth $13B is quite a chunk of change.
Oh but Coinbase’s Chief Operating Officer Emilie Choi booked $106 million in stock sales that same year.
Coinbase has 103 million verified users in 2022.
It has 9 million monthly active users and 6 million daily active users.
Those are not small boy numbers.
Of course everything is small compared to big brother Binance, but who knows what goes on behind those doors?
Who is Chatterjee?
He has driven the company’s success in this regard and led product, design, engineering and marketing efforts.
His tenure at the company saw a surge in user growth and revenue, leading to his impressive $105M stock sale.
He joined Coinbase in Feb 2020 with a salary of just $1M/year.
In just 3 years, he took home more than $105M in stock sales and salaries.
Plus the $105M payday when he leaves, that’s more than $200M+!
In those same 3 years, Coinbase’s share price went up with Bitcoin prices and subsequently, down too.
It was a roller coaster ride to be frank.
“In April 2021, Bloomberg noted that Chatterjee’s five-year contract with the company was worth $646 million.”
But he is only doing 3 years and ending it earlier, forgoing bonuses and at a time when Coinbase’s stock is way down from its peak.
Translation: he lost out on potentially a lot more money.
So why do it?
Why end his contract prematurely and lose out on all the potential gains?
It wasn’t for a happy reason.
He wanted to take a break and focus on his family.
His dad was diagnosed with Alzheimer’s and his mum passed suddenly.
“If I’m honest with myself, I don’t think I’ve allowed myself time to grieve either yet”.
Nothing hits harder than life.
Family is an essential feature of life, not a bug.
We have to spend time to nurture, care and grow it.
I don’t care how rich, famous, talented or intelligent you are, we all have family problems.
I wish Chatterjee all the best.
And to everyone else out there struggling, take a pause, center yourself and fight on harder.
Don’t give up.
And now he is an EIR at a16z to learn from the best and plot his next move.
-
Do you use Coinbase?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #chatterjee #COO #CPO #coinbase #BrianArmstrong #stocks #compensation #tesla #apple #timcok #elonmusk
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