1 Hours Labor $13,000
Quote: “I am drawn to crisis. There is something about the sheer chaos and human panic that creates an unbridled energy.”
John J. Ray III, the new CEO tasked with finding money for FTX’s customers—who also oversaw the unwinding of Enron—gave the WSJ some insight into what makes him tick after he testified before Congress this week about why the crypto exchange imploded like a supernova (mostly “plain old embezzlement,” in Ray’s view).
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@Madken65 Giving yourself loans of $1 Billion dollars with no accountability and no collateral… checks notes. Yeah embezzlement.
@Madken65 But but but I was led to believe that fortune *favors* the bold…
We locked up Soupy Sales for less...
@Madken65 I think he just got suspended from TV for a couple of weeks, but I don't disagree... #LockUpScammers
Ray also shared his opinion that working with a team to complete a complex corporate bankruptcy is “the ultimate human bonding experience.” The $1,300-per-hour fee he charges probably doesn’t hurt either.
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