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Inside working for Coinbase's Brian Armstrong — JPMorgan eyes adding more FAs — Private-equity salaries

Oct 26, 2020, 16:30 IST
Business Insider
NEW YORK, NY - SEPTEMBER 8: An aerial view One World Trade Center in Lower Manhattan, September 8, 2016 in New York City. New York City is preparing to mark the 15th anniversary of the September 11 terrorist attacks. (Photo by Drew Angerer/Getty Images)Drew Angerer/Getty Images

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What it's like working for Coinbase's Brian Armstrong

Steven Ferdman/Getty; Skye Gould/Business Insider

Coinbase CEO Brian Armstrong caught people's attention last month with a memo declaring the cryptocurrency startup an "apolitical" workplace in an effort to keep employees focused on the company.

The concept put the $8 billion startup in the spotlight, as people debated whether companies had a right to ask employees to avoid social and political topics at work.

Melia Russell and I spoke to nearly a dozen people who either worked with Armstrong at Coinbase or in some other capacity to get a sense of how he operates.

Read more about the controversial leader.

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Click here to read the entire story.

JPMorgan could double its advisor force

JP Morgan Chase

Rebecca Ungarino had the chance to speak with JPMorgan's US wealth management CEO, Kristen Lemkau. Here's some of Lemkau's perspective on hiring plans. Get the full scoop here.

Chase is adding 100 branches and hiring home-lending advisors to help boost access to mortgages for Black and Latinx customers

Mark O'Donovan is the CEO of Chase Home Lending.Chase

JPMorgan Chase made a big pledge in early October to put up $30 billion over the next five years to help underserved communities. Reed Alexander spoke to Mark O'Donovan, the CEO of Chase Home Lending, about rolling out some of those plans. Read more here.

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Private-equity compensation revealed

Shutterstock

Bradley Saacks has the inside scoop on private-equity compensation. Take a look at what you can expect to get paid, from associates to managing partners. Check out the data here.

A top MoneyGram exec lays out a digital transformation

Kamila Chytill, COO of MoneyGram.MoneyGram

MoneyGram successfully navigated the pandemic thanks to digital products it spent the past four years building out. Kamila Chytil, COO of MoneyGram, spoke at Business Insider's Global Trends Festival about what they did to make sure they were prepared. Read more from Shannen Balogh here.

Tradeweb's CEO explains why outside events are the best catalyst for tech-inspired changes

Lee Olesky, CEO of TradwebTradeweb

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Lee Olesky, Tradeweb's CEO, spoke at Business Insider's Global Trends Festival on how outside events lead to big change. Read more about Olesky's thoughts on the catalysts for innovation here.

Opendoor hires a top quant researcher from $34 billion hedge fund Citadel

Daniel Morillo, incoming CIO of OpendoorOpendoor

Opendoor just nabbed a former Citadel and BlackRock executive. Alex Nicoll has the details on the new hire. Read more here.

Odd lots:

Exclusive: Wells Fargo explores sale of asset management business - sources (Reuters)

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NY restaurant couple mistakenly served $2000 Mouton 1989 after ordering $18 Pinot (Decanter)

The 199 days that doomed Quibi: How $1.75 billion couldn't save the most hyped app of the year from a pandemic and apathetic users (BI)

A JPMorgan exec whose job is to champion women says an anti-bias training revealed crucial blind spots in her approach to leadership (BI)

Goldman Sachs just stripped $167 million of pay from executives caught up in a massive Malaysian bribery scheme through something called a "clawback." Here's what it is — and why it's not even a legal requirement. (BI)

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