Alameda Research Co-CEO Resigns Because His Role Doesn’t Matter

August 25, 2022 - Around 2 mins mins to read

Alameda Research’s co-CEO will step down after realizing his role with the company is no longer important. Sam Trabucco shared that he hasn’t really worked in the past several months.

Sam Trabucco, Co-CEO of Alameda Research has announced that he is stepping down. With this announcement, he shared that his time working at Alameda was a beautiful and happy time for him. Yet, he explained that in the past, he “couldn’t think of anything more worthwhile to do with [his] time than to give it to Alameda,” yet now, Trabucco “can’t personally continue to justify the time investment of being a central part of Alameda.”

Over the past few months, I have significantly reduced my role at Alameda. This happened gradually, and has most recently involved a lot of time not really working at all — and certainly not acting as the company's CEO.
— Sam Trabucco (@AlamedaTrabucco) August 24, 2022

Trabucco was appointed Co-CEO in October 2021 and admitted in the Twitter thread that he has not acted as a CEO for a “few months”. This leaves a short window of around six months in which he may have been able to leave his mark on the company.

He also commented that he would not move on to a new project until he had “recovered” but could not “100% remove [himself] from crypto without going into withdrawal.” He will remain an advisor to Alameda but appears to be exiting the scene by all other counts.

Sam Trabucco announced he will focus on “traveling, visiting friends and family, working on “myself” and whatnot.

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