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Employees claim the trio of execs, COO Emilie Choi, CPO Surojit Chatterjee, and Chief People Officer LJ Brock, were responsible for ‘executing plans and ideas that have led to questionable results and negative value’ after the company’s stock dropped more than 80% of its value since its market debut last year.
The missteps the employees pointed to include the failure of the Coinbase NFT platform and previously unsustainable hiring for thousands of roles despite failing to hit targets. The workers claim recent moves had hurt the company’s share price and reputation.
Armstrong, however, said the petition was ‘really dumb on multiple levels.’
‘First of all, if you want to do a vote of no confidence, you should do it on me and not blame the execs. Who do you think is running this company? I was a little offended not to be included :),’ Armstrong tweeted.
Maybe they should try Amway.
Who hired and continues to employ this trio....the CEO. He’s the captain and needs firing not his hires. He ought know. If the board keeps him...it’s their chice/fault.
Like he said...he’s in control here, not them, vote with your feet if not happy.