Bold Silicon Valley CEO refuses to bend the knee to woke employees
Link to the articles:
https://arstechnica.com/tech-policy/2020/09/coinbase-offers-exit-package-to-staffers-bothered-by-anti-politics-stance/
https://arstechnica.com/cars/2020/10/sixty-coinbase-employees-take-buyout-offer-over-no-politics-rule/
In the last few years, big technology companies have faced growing pressure from employees to become involved in social justice issues. This pressure intensified this summer with the George Floyd protests. But this week, CEO Brian Armstrong of the cryptocurrency exchange Coinbase staked out a contrarian stance.
This summer, Armstrong reportedly faced an employee revolt after he declined to publicly affirm that "Black lives matter." According to Erica Joy and insiders who spoke to The Verge's Casey Newton, Armstrong eventually relented and tweeted the phrase—but only after some Coinbase engineers organized a walkout. Some critics believe that the new Coinbase policy may be an effort to make sure Armstrong doesn't face this kind of revolt in the future.
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