Chapter
Corporate Control and Trustworthy Financial Information
1:35:06 - 1:38:33 (03:26)
The speaker, with extensive experience as a chief restructuring officer and chief executive officer, expresses concern over the lack of corporate controls and trustworthy financial information in certain investment firms.
Clips
FTX's new CEO, John J. Wray, who oversaw the liquidation of Enron, highlights his over 40 years of legal and restructuring experience, and claims that he has never seen such a complete failure of corporate controls and absence of trustworthy financial information as he is now seeing at FTX.
1:35:06 - 1:36:44 (01:37)
Summary
FTX's new CEO, John J. Wray, who oversaw the liquidation of Enron, highlights his over 40 years of legal and restructuring experience, and claims that he has never seen such a complete failure of corporate controls and absence of trustworthy financial information as he is now seeing at FTX. Meanwhile, a list of investors in SBF's universe raises questions about diligence, and one firm, One Inch, is called out for its questionable name by Anthony Pompliano.
ChapterCorporate Control and Trustworthy Financial Information
EpisodeE105: Tech culture wars: Elon vs. SBF, Sabotaging Republicans with Trump
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The possibility of fraudulent financials being presented to investors despite audits and legal reviews exists and can result in many people getting duped into making bad investments.
1:36:44 - 1:38:33 (01:49)
Summary
The possibility of fraudulent financials being presented to investors despite audits and legal reviews exists and can result in many people getting duped into making bad investments.