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Is there something wrong with any other industry’s company failing and the founder deciding to take a sabbatical? Or is it just when it’s a crypto company, this
by starttoaster 3y ago
Is there something wrong with any other industry’s company failing and the founder deciding to take a sabbatical? Or is it just when it’s a crypto company, this raises an eye? I worked for a datacenter where my paychecks were bouncing but the CEO of the company was in Saint Martin during the collapse of his own company.
- jkubicek 3y agoI'm guessing that your CEO has the common sense to not be interviewed by the NYTimes about his Saint Martin vacation
- koolba 3y agoOn the contrary, mentioning St Martin would paint a picture of the struggles the company is facing. If they were doing well, the CEO would be in St Barts.
- Avshalom 3y agoUh? People have been constantly and loudly pissed off about CEOs not being jailed for my entire life.
- Barrin92 3y ago>Or is it just when it’s a crypto company, this raises an eye? I don't know a lot of founders in their 20s and 30s who ran a business, especially if it failed who had time or money to take a casual year off, buy luxury real estate in Singapore and pet tigers in Dubai. In most industries running off with your customer or investor funds is probably a crime. For some reason crypto 'founders' always end up with millions even if the people they ought to have a fiduciary duty towards end up broke. "Three Arrows owes its creditors $3.3 billion; the firm was registered in the British Virgin Islands, and its court-appointed liquidators there claim that Mr. Davies and Mr. Zhu have refused to cooperate in the recovery process. In October, Bloomberg reported that federal regulators in the United States were investigating whether Mr. Davies and Mr. Zhu had misrepresented their finances to Three Arrows investors."