[bhahn]

The title of the article is a bit misleading. It implies that he's leaving with a severance package -- that he was let go by the company -- but the $105M is from selling stock from his original employment package and it seems like he's leaving on his own volition.

[aqme28]

It's not that misleading. This isn't an early employee who held onto his shares. He joined less than two years ago. He got an insanely high compensation package.

[__derek__]

On the bright side, Coinbase launched a lot of high-value new products during the last two years that will help the company thrive and grow in the coming years.

[jedberg]

He got a pretty typical comp package but he happened to get in right before COIN stock took off, which made it astronomical.

It's like the folks who joined Amazon a few years ago as Staff engineers. Their original comp packages were valued at $200k-$300k per year, but then the stock took off, and they ended up with $1M+ per year. They started with a typical package that was stock heavy and got lucky.

Interestingly the people getting in now are getting screwed for the same reason -- with the stock dropping, their comp package is getting cut in half.

[thedaveoflife]

It turned out to be an insanely high compensation package because of the volatility of crypto