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And More July 6, 2022 2 mins read

Kraken’s CEO Says He Has No Regrets Over Offending Anyone In His Firm

And More ı By Rochdi Rais

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Jesse Powell CEO of Kraken on Bitcoin cryptocurrency

Crypto exchange giant Kraken’s CEO who recently offered exit payments to workers disagreeing with his corporate culture, doesn't regret offending anyone.

In an interview with Protocol published Monday, Jesse Powell said prefers not to speak politically, and instead opts for staying transparent.

"I wouldn't go back and change my attitude about it," Powell told the publication. "I don't want to become completely, fully censored. I want to be able to share what I'm thinking with the company. And I hope that the company can give me the benefit of the doubt when I'm saying something that I'm not trying to attack people."

The story dates back to the early days of 2022 when Powell unveiled to staff a program known as Jet Ski, incentivizing employees to leave the company if they didn't agree with its values, The New York Times reported in June. Employees had until June 20 to take advantage of it.

"Your job is to be Mickey Mouse and make everyone believe that you're Mickey Mouse and to put your own identity in the back seat while you're in the theme park," Powell said. "And you can be whoever you want when you leave."

Powell rolled out a 31-page document in June detailing his company's culture that included sections like "we don't forbid offensiveness" and said there should be a "tolerance of diverse thinking."

He tweeted in mid-June that "people get triggered by everything and can't conform to basic rules of honest debate. Back to dictatorship," a post that caused backlash from critics.

In response, Powell told Protocol: "I guess some people interpreted having rules as being arrogant or being authoritarian. I don't know if these people are cut out to be working in any company."

"I don't know what to say to people who feel like they deserve some kind of a workplace where they don't have to adhere to policies," Powell said. "If that comes off as authoritarian or whatever, you know, I guess that's fine."

 

 

 

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Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

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