Cryptocurrency exchange Coinbase had internal emails leaked to the press on the note of politics in the workplace and the company’s neutral stance on political issues and causes. Coinbase CEO Brian Armstrong had published a blog post making it clear that the company does not engage in political issues on social media and instead opts to focus on profit and work-related issues. You can read Armstrong’s full blog post here.
In the days following the publishing of this blog post, the company sent out an email to staff offering them a massive severance package if they found this decision to be disagreeable. More from The Block:
Coinbase CEO Brian Armstrong, who penned the controversial blog outlining why the exchange will mainly focus on its crypto mission versus social activism, said that it would provide employees with a package to leave the firm if they don’t “feel comfortable with the new direction,” according to an internal company email reviewed by The Block.
In the blog post released Sunday, Armstrong explained why the firm should be “laser-focused” on its mission to build an open financial system while focusing “minimally” on broader societal issues and political causes. The message was met with a cacophony of both support and opposition from the crypto world and beyond. Some praised the former Airbnb engineer for attempting to cultivate an ideologically inclusive environment. Others argued that the tone of the piece was cold and out of touch.
As for the severance package, Armstrong is offering employees keen on leaving as much as six months of severance and a potential seven-year option exercise window.
Ironically those who this severance package was targeted towards are likely the same people who caused the need for the original blog post to be written and leaked the email to the press. American politics have become an extremely toxic part of any work environment and threaten to tear a company apart if the wrong landmine is stepped on. Silicon Valley has been hit especially hard by political discussion in recent years, many feel that having the wrong beliefs in the workplace will result in their termination.
[Interested People Come here only]
Start now earning cash every month online from home. Getting paid more than $15k by doing an easy job online. I have made $19715 in last 4 weeks from this job. Easy to join and earning from this are just awesome. Join this right now by follow instructions here.......
↠↠↠ https://www.wayofsalary.com
Excellent. This should be the standard policy for all of the tech companies, schools, and the media.
They can go work for, fake-news media, the demon(c)rats, the Deep-State or engage in the world’s oldest profession, so many possibilities…
I don’t understand why he needs the permission to make decisions for the company he owns & operates. It’s the company that’s the smart one, not the dumb employees, usually looking to stir up trouble & destroy the hand that feeds them.
Someone with integrity, honor & intelligence, plus love for our country….. AWESOME & definitely not a coward….
Mr. Armstrong, you are one brilliant CEO. I am so tired of fuming over arrogant, elitist tech CEOs who think they were elected to run/destroy the Country because suddenly they have the power of the “ what was once Known as the almighty” dollar. Kudos to a man who sees beyond his own ego.
To vote it should be the duty of every citizen.and they should be allowed to participate in any political movement as long, it is peacefull and civil. Under no circurtances employees should be allowed to engage in political activities in the work place.
Good!