Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Jeff John Roberts

Coinbase investors fume as CPO cuts out early after pocketing $105M in stock sales

(Credit: Samyukta Lakshmi—Bloomberg/Getty Images)

It's nice work if you can get it: Coinbase's Chief Product Officer Surojit Chatterjee will say farewell to the company on Feb. 1, three years into his five-year contract. For his trouble, he gets to step away with the $105 million he made from stock sales in addition to his $1 million annual salary. Oh, and if he feels strapped for cash, he can always sell the Coinbase shares he still owns which are currently worth around $7.5 million.

Chatterjee's plush exit is eyebrow-raising even by the standards of overpaid executives. As noted by DLNews, which calculated his three-year take-home pay, Chatterjee made five times more last year than the CEO of Ford. Meanwhile, the Ford CEO holds the most senior position at his company and has for the most part done a good job—unlike Chatterjee whose tenure will be best remembered for his bungling Coinbase's NFT rollout.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.