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Never seen ‘such a complete failure’ of corporate controls, says new FTX CEO
- sschueller 4y ago" he had never seen “such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”" Maybe the creditors and investors that ignore all the warning signs should not be the first to be paid from what is left but those that relied on those large financial "experts" to make sounds decisions. If you have Softbank and Sequoia as large investors I would think twice before putting your money in anything else they are supporting since it seem quite clear they don't understand the field or are completely incompetent.