Relentless criticism and intense scrutiny is driving some of corporate America’s top executives to resign, according to the co-founder of Coinbase Global.
“Attacks” from media outlets, politicians and online trolls burn out business leaders, Brian Armstrong said, forcing them to quit. He cited Bill Gates, co-founder of Microsoft; Larry Page, co-founder of Google; and Jeff Bezos, founder of Amazon. None remain responsible for the day-to-day management of their respective companies.
Coinbase, the cryptocurrency exchange Armstrong leads, has endured a turbulent ride on the stock market since going public in April. But in the week Mark Zuckeberg, Facebook’s founder and chief executive, was rebuked by senators, who urged him to appear before them, Armstrong, 38, pointed to “rounds of congressional testimony” and the level of criticism