SEC-open laying reveals High-security law for Coinbase CEO Brian Armstrong
SEC-open laying reveals High-security law for Coinbase CEO Brian Armstrong
In the middle of regulatory conflicts, an expensive invoice for the safety advantages of Coinbase CEO Brian Armstrong.
The managing director was granted security advantages of $ 6.3 million last year, which corresponds to more than the triple of the amount that his security costs cost Coinbase in the previous year.
- According to the public document, Armstrong's total remuneration was $ 7.5 million for the entire year and received a flat rate of $ 1 million, while the rest can be described as security and legal costs. The basic content remained the same in the past two years.
- In addition, a large part of the assets of the Coinbase CEO come from its stocks and sales of corporate shares.
- Armstrong also received almost $ 57 million in option premiums and made a profit after the IPO of Coinbase. He still holds 39 million shares of the company, which currently has a value of around $ 2.4 billion in a sale.
- The remuneration of the CEO for 2022 has increased by almost 134 % compared to the previous year. His subordinate, including COO Emilie Choi, CFO Alesia Haas, CPO Surojit Chatterjee and Clo Paul Grewal, also recorded a significant increase in their overall remuneration for the year.
- In fact, all five top managers of the stock market giant based in San Francisco receive a bar content of almost $ 1 million.
- The development only emerged for a week after Coinbase reported the fifth quarter in a row. The company recorded losses of $ 79 million, while its total turnover dropped to $ 772.5 million, which corresponds to a decrease of 37 % compared to sales of $ 1.1 billion in the first quarter of 2022
- The Coinbase share also suffered a blow due to the enormous pressure pressure in the United States.
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