Kraken CEO is fueling a 'corporate culture war,' reports the New York Times
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A New York Times report cites several examples suggesting that Kraken CEO Jesse Powell is at the center of a “corporate culture war” at the firm over certain political issues.
Employees have until Monday to agree to the terms set in a culture document released by the company on June 1, or leave and receive four months’ pay.
The work culture at crypto-exchange Kraken has turned toxic and CEO Jesse Powell is at the center of it, a new report from the New York Times claims.
According to the report, Powell has allegedly led discussions on the company’s Slack channels where he objected to employees' use of preferred pronouns, debated who should be able to use certain racial slurs, and called American women “brainwashed.”
Kraken also released a 31-page culture document explaining Kraken’s “libertarian philosophical values,” which included tolerance for “diverse thinking” and affirmed the right of law-abiding citizens to arm themselves. The document was released alongside what Powell called the “Jet Ski Program,” which specified that anyone who disagreed with it was encouraged to leave the company and claim four months' pay.
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