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Coinbase CEO Could Get More Than $1 Million Per Day After IPO

March 5, 2021, 4:41 PM

The cryptocurrency boom has turned the compensation package Coinbase Global Inc.’s Brian Armstrong secured last year into one of the most lavish pay deals in corporate America.

Armstrong could be in line for a windfall of more than $3 billion — equal to more than $1 million per working day for the next decade, according to details gleaned from regulatory filings and news reports on recent share sales.

The astronomical award is the latest example of so-called founder grants: big blocks of equity handed to founders of companies preparing to go public. Boards of startups typically say such deals are ...