- A petition calls for Coinbase’s executives and eight of the exchange’s failings elaboratively, though it was later taken down.
- Brian Armstrong, the Coinbase CEO, replied in a lengthy Twitter thread to the petition.
- He was surprised that he was not on the petitioners’ list of executives to dismiss, signifies the CEO.
A displeased employee of Coinbase, who is discovered as 0x58E3, started a petition on Mirror(dot)xyz recently and called for the removal of three company executives.
The petition had the title Operation Revive COIN, although it has been taken down but was discovered by the the Internet Archive and other websites. And Brian Armstrong, the Coinbase CEO, gave a reply to it through a lengthy Twitter thread.
The three executives who were the targets of the petition were Coinbase chief operating officer Emilie Choi, chief people officer LJ Brock and chief product officer Surojit Chatterjee. Apparently, the reason was implementing plans and ideas that have led to questionable results and negative values.
The individual filing the petition listed eight of their failings elaboratively, which comprised repealed job offers to new employees, Coinbase NFT platform that was unsuccessful, mismanagement, creating a toxic workplace and apathy.
Furthermore, it concluded that they hope to find people who have had experience in the crypto sector and can operate such a company in a more responsible manner.
Though the number of signatures the petition got couldn’t be revealed because it was taken down, Coinbase’s Co-founder and CEO reacted to it.
And to this, Armstrong highlighted through a thread of sixteen Tweets. He addresses the petitioners that their culture is to praise in public and criticize in private. And that he was surprised that he was not on the petitioners’ list of executives to dismiss. Further suggests that the unhappy employees are the ones who should leave their jobs.
The recent downtrends in the crypto market affected the shares of a lot of prominent entities. And Coinbase was among them, leading to raised concerns by the shareholders and customers.
Source: https://www.thecoinrepublic.com/2022/06/11/coinbase-ceo-armstrong-counters-the-petitioner-rationally-via-twitter-thread/