CEO of LedgerX Rips into Unfair Workplace Practices Towards Women, Adding CFTC Chairman to the Tirade
With the popularity of the Time’s Up and #MeToo movements, the just treatment of women is on the forefront of everyone’s mind.
Many celebrities have been exposed for everything from general mistreatment to harassment to full-on attacks, because women have had enough. After the massive tirade that Paul Chou went into on a LedgerX blog post, it is clear he is fed up too, according to a report from The Block.
Chou, who works as the CEO of the bitcoin derivatives exchange and clearinghouse, uses the blog post as his own soapbox on the injustices he sees happening. Known by most associates as a gentle person, the fiery anger behind this blog post is entirely out of character, which should demonstrate how important the matter is to him.
The post, titled, “Diversity as a Mandate. Diversity as a Mission.,” starts off pointing out that Chou’s perspective is “unique,” in that he is both a husband of “a talented co-founder,” and that he employs the crypto space’s “most senior women.”
As almost an introduction to his upcoming anger, he says that there’s plenty of people in the industry that speak on behalf of equality and diversity, but so few people practice what they preach. However, Chou uses his position as someone who practices those two values, and that’s what the blog post is about.
He describes a circumstance with one of the “most senior executives,” who will soon be going on maternity leave. However, a male from “a certain organization” questioned her exact date that the baby would be born, which angered Chou. Speaking on the necessity for diversity, he speaks on behalf of himself and his wife, who are “not the best duck hunters,” “not white,” and “do not schmooze” at conferences.
However, their priority is to do what is right, and that starts with protecting the women of his platform from people who come after them in such a personal or invasive way.
Being incredibly bold in his rant, he comments that he and his wife do not attend “the nicest lunches in DC,” adding “right, mike gill?” in a seemingly passive aggressive way. If his reference is to the CFTC’s Chairman Mike Gill, then he is being quite bold and challenging to the executive, considering the role that the CFTC plays in the crypto industry.
In a less aggressive development, the LedgerX firm managed to release their LedgerX Volatility Index (LXVX). The LXVX is meant to help investors determine how they trade through the bitcoin markets, based on data from the option marketplace at LedgerX.
To see the angry rant in its entirety, visit https://blog.ledgerx.com/diversity-as-a-mandate-diversity-as-a-mission/.