Coinbase joins Pinterest in doing right by employees - Fortune

posted on 08 Aug 2015 09:39 by giantowner1910
Well, until today.

Kudos in order to Coinbase for doing proper by simply its employees. This was a large offer since many tech startup workers are heavily compensated simply by stock options, but they will are forced with the idea to exercise as well as lose vested alternatives upon departure -- something which not merely demands adequate cash to buy your options, but inside addition to be able to spend your money for onerous tax bill.

Armstrong adds that will no existing Coinbase employee had agitated for your change, nevertheless which he became much more conscious of your "golden handcuffs" problem when wanting to recruit off their startups. nope. "One candidate even talked about the actual Pinterest factor about the telephone with me in the particular program of an interview, as well as said he in simply no way once more desired to function to obtain a business that locked him in."

The fundamental answer was...

Here has been your concluding line: "The big issue now could be if other Silicon Valley 'unicorns' follows Pinterest's lead."

Coinbase, a digital wallet business that has raised more than $100 million in VC funding, nowadays will announce a comparable plan for first time employees (i.e., those becoming a new member of this month and also onward). to my knowledge, not a single some other major startup has been doing your same. Currently what precisely is everybody else waiting for?

Get Term Sheet, our every day newsletter on deals and deal-makers.. My guess is the extremely fact that they'll additionally figure out some thing with regard to active employees who would like to maneuver on, nevertheless this will be a bit trickier from a regulatory perspective. Coinbase at present features around 100 employees, as well as plans to include at least another 25 over the particular subsequent year.

"This is a lot a lot more meaningful for employees when compared with providing all of them something such as free associated with charge massages," says Coinbase co-founder and also CEO Brian Armstrong, who says he had been influenced from the Pinterest decision.

In March we wrote about how precisely Pinterest had designed a significant transfer inside the fascination of employee justice, allowing workers along with no less than a pair of many many years of service in order to retain vested stock selections for approximately seven many years following departure (voluntary or even not), as opposed to your traditional 90 days

Total reboot: How to fix Greece's economy - U.S. News & World Report

posted on 05 Aug 2015 18:06 by giantowner1910
After months associated with high-stakes talks raised fears Greece may well fall out in the euro, the particular economy went straight into reverse: rather than grow this year, it is anticipated in order to contract in between 2 and also 4 percent.


ATHENS, Greece (AP) -- after so much pain, Greece must now figure out how you can acquire its economy back again about its feet.

The first, most significant step can be making sure the nation includes a steady government that is dedicated in order to avoiding a new disastrous exit from your euro.


Tourism, that creates virtually one fourth involving Greek economic output alongside store trade, nevertheless could probably be improved further.

Agriculture this past year contributed virtually six billion euros for the country's 179 billion euro economy but sometimes yield much more with some simple modernization along with better marketing.


It could, pertaining to example, extend the actual tourism period straight into winter by simply developing a lot more golfing programs -- a reasonable move in the nation blessed using a lot sunshine.

Though the actual number of visitors this coming year is forecast for you to hover around last year's, experts say the country could find ways to improve revenue.

Because a lot uncertainty remains, economists say Greece ought to focus within the short term upon making specific investments in industries it already features a presence in.

Have a new steady government along with purchase established sectors just like tourism and also agriculture. Although Greece will end up being the third largest extra virgin olive oil producer within the world, it exported 60 percent of its output in order to Italy throughout bulk, providing its neighbor the opportunity earn 50 % more around the cost of the ultimate packaged product, in accordance with the 2012 record by simply consulting firm McKinsey & Company.

Turning Greece's main ports involving Piraeus and Thessaloniki in to regional cruiseship hubs ought in order to be an additional crucial goal for that tourism sector, mentioned Christos Agiakloglou, professor involving economics from Piraeus University.

Investment within Greece a yr ago within everything coming from roads to become able to new offices equaled just 12 percent associated with economic output, largely any symptom of a lack of confidence within the country's stability. This found power within January vowing to always be able to undo the series of laws and also to challenge creditors. Merely 3 of 124 countries ranked through the world Bank invested any lower share.

It defintely won't be easy, nevertheless Greece offers no choice if desires to ease its people's economic misery.

Investors brought out tens of vast quantities of euros from the country and in addition the banks had to become shut in order to avoid their particular collapse. "You hold the groundwork already laid out along with there isn't any need for big investment," mentioned Panayotis Alexakis, professor regarding economics in the National & Kapodestrian University Or College associated with Athens.

Take olive oil. Government cuts necessary to be entitled to a a manufacturer new bailout will hurt incomes for many years to come.


The fishing business is an additional sector which Greece could develop quickly and also enjoys a powerful competitive advantage in, given its large shorelines.

The outlook for political stability isn't especially good. The Particular hope is the government in which emerges via individuals elections will show a lot more stable.

The advice in order to Greece coming from economists will be simple: start with just about all the basics.. Within the particular longer-term, tackle the more difficult nevertheless fundamental problems such as tax avoidance, higher public financial debt and complex enterprise laws.

Investors want to know Greece won't belong to yet another crisis over regardless of whether to go away the actual euro -- which may trigger massive disruption towards the economy -- along with in which the principles associated with carrying out business won't alter unexpectedly.


The scale with the country's monetary problems can be mind boggling -- a complete quarter with the economy evaporated in the past six years and also enterprise exercise is now plummeting further. Political parties, including the particular ruling Syriza, are in turmoil there will be speculation Greece will head in to another general election inside November. Boundaries in money withdrawals are generally costing Greece an estimated 1.75 billion euros to 2.8 billion euros ($1.9 billion for you to $3.1 billion) weekly.

Greece's existing government provides the starkest illustration of the hazards associated with political uncertainty

In the video interview with Witkos, your woman described which as becoming a nurse, the girl always felt incredibly lucky and privileged of looking after pertaining to individuals who sustained injuries throughout their particular span of service. in 2010 the lady worked inside Germany receiving patients through Iraq as well as Afghanistan to help take treatment of his or her come back again to a property station pertaining to treatment. . Kevin Witkos, R-8. Your Woman has been commissioned throughout 2001 like a second lieutenant and also promoted for you to major just prior to leaving with regard to support in Germany throughout 2010.

"Leah features served our nation proudly helping fellow support men and ladies the majority of throughout need," Witkos mentioned in the release. Diorio at the Connecticut Senate Republican Workplace by calling 860-240-8801 as well as emailing

Leah lives inside Colebrook using your ex husband, Master Sergeant Daniel Ward, USMCR, as well as their a pair of boys, Walter, 7, along with Henry, 3.

COLEBROOK >> An Air Force medic and registered nurse has been named Veteran in the Month with regard to August by simply state Sen. With 18 many years old, Ward decided to be portion of your Army Reserves although in college.

Leah D. Army Reserves coming from 1993-2000, U.S. The Girl has also devoted your ex occasion like a bagpiper with regard to Police Pipes along with Drums associated with Waterbury, arranging cemetery cleanups with regard to Revolutionary War era cemeteries throughout poor condition and also providing law enforcement support regarding funerals, celebrations, fundraisers as well as other ceremonies.

"I stood a sense of adventure," mentioned Ward within the release. Via 1993-2000 Ward labored like a medic, then the girl worked as getting a registered nurse since 2000. Every story highlights your veteran's distinctive experiences and acts of service. Ward, the Colebrook resident, provides served for over 22 years within the U.S.

Ward had been deployed during Operation Enduring Freedom/Operation Iraqi Freedom to end up being able to Kuwait within 2004-2005 to process patients being aero-medically evacuated with regard to treatment. "Many involving individuals folks were very inspiring to meet."


Ward came in order to be throughout York, Pennsylvania, inside may 1975.

"It was extremely humbling and attempt to one thing I loved for you to do," your woman said. I applaud her bravery, strength and also selflessness."

Ward is the recipient of several decorations such as the actual Air Force Achievement medal, Global War in Terror as well as Global War on Terror-Expeditionary honors. Leah features devoted the girl existence to saving lives. Army Reserves and Connecticut Air National Guard as a medic and also registered nurse.

Commitment in order to neighborhood service can furthermore be crucial in which you Ward. For You To nominate any neighborhood veteran to become any "Veteran in the Month," contact Christopher F. "Somehow, that's converted into 22 numerous many years of service, and I've loved every minute of it."

"I took excellent pride in serving the countless that had combat related injuries," mentioned Ward. "Working as being a military medic along with nurse may be an extremely stressful along with high-pressure job, however it can furthermore be an extremely critical and vital role. Air Force, U.S. Air Force Reserves coming from 2000-2013 as well as Connecticut Air National Guard coming from 2013 to become able to present.

She served inside the U.S.

Ward's full story plus a video interview are available on Right After military service, Ward labored like a traveling to nurse and it is now in college in order to become a nurse practitioner.

Witkos' "Veteran of the Month" plan features the particular stories involving neighborhood veterans monthly through text and also video. Since 2006, Ward has served with junior vice commander associated with VFW Submit 296 inside Winsted