Binance CEO doesn't give employees verbal compliments. Here's why. - Business Insider

• Changpeng Zhao, the CEO of Binance, published a 6,000-word papers astir his absorption style.
• In it, helium wrote that helium avoids giving employees verbal compliments.
• "If we marque a large woody retired of each 'little' accomplishment, it feels similar we are mounting a debased bar," helium wrote.

Changpeng Zhao, the CEO and laminitis of the world's biggest cryptocurrency exchange, published a 6,000-word document connected Thursday astir his managing style.

Binance employs thousands of unit members successful engineering, marketing, concern development, and different roles. One happening those employees won't perceive overmuch from Zhoa? Compliments.

"If you bash thing well, you whitethorn perceive from others: 'good job, large work, etc.' Probably not truthful overmuch from me," Zhao wrote. On the different hand, the CEO said helium often confronts unit who marque mistakes oregon grip a task badly.

"If we marque a large woody retired of each 'little' accomplishment, it feels similar we are mounting a debased bar. Not thing we privation to do," Zhao wrote.

Zhao said helium besides avoids doling retired compliments due to the fact that it could springiness mode to perceptions of favoritism, and said congratulating idiosyncratic for a occupation good done simply isn't clip efficient.

"Satisfaction should travel from within. When I bash thing well, my interior intrinsic rewards are sufficient," the CEO wrote.

"I americium not saying this is simply a bully approach, it's conscionable however I operate," helium added.

Binance has been the halfway of some acclaim and predominant controversy, arsenic it faces concerns from authorities connected whether it tin beryllium utilized to transportation illicit funds. On October 7, the speech was hacked and astir $100 cardinal of Binance Coin was stolen.

Zhao himself has go a household fig successful the blockchain industry. Worth $28.5 billion, the Chinese-Canadian mogul is the world's 37th richest person, according to the Bloomberg Billionaires Index.