Sam Bankman-Fried’s Apology Is as Hollow as His Empire
The downfall of FTX isn’t just about a frothy market coming undone. It looks more like the combination of a financial bubble and murky accounting with a dash of charisma thrown in.
Apologies from tech chief executive officers are in vogue, as years of easy money and pandemic profits come to an end. “I got this wrong,” Mark Zuckerberg said after the Facebook billionaire's pivot to a more Meta world decimated its stock price and led to 11,000 layoffs. Charismatic leaders are learning humility.But in the league of!-->…