2min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

FTX's New CEO John J. Ray III

The bankruptcy proceeding had a new CEO appointed as SBF stepped down. John J. Ray III was actually the person who oversaw Enron's liquidation in the 2000s among other bankruptcy cases. He previously wrote that he'd never seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information at FTX.

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