Coinbase CEO’s controversial memo
Brian Armstrong is CEO of Coinbase, a digital currency exchange. In 2020, he published a controversial* memo around how his company sees its role amidst the culture wars in the US. Armstrong wrote:
Everyone is asking the question about how companies should engage in broader societal issues during these difficult times, while keeping their teams united and focused on the mission. Coinbase has had its own challenges here, including employee walkouts. I decided to share publicly how I’m addressing this[...].
[...]I want Coinbase to be laser focused on achieving its mission, because I believe that this is the way that we can have the biggest impact on the world. We will do this by playing as a championship team, focus on building, and being transparent about what our mission is and isn’t.
(*because of the strong and clear stand he takes on this topic)