{"id":7931,"date":"2022-11-17T16:37:26","date_gmt":"2022-11-17T15:37:26","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/17\/new-ftx-boss-who-worked-on-enron-bankruptcy-condemns-unprecedented-failure\/"},"modified":"2022-11-17T16:37:26","modified_gmt":"2022-11-17T15:37:26","slug":"new-ftx-boss-who-worked-on-enron-bankruptcy-condemns-unprecedented-failure","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/17\/new-ftx-boss-who-worked-on-enron-bankruptcy-condemns-unprecedented-failure\/","title":{"rendered":"New FTX boss, who worked on Enron bankruptcy, condemns \u2018unprecedented failure\u2019"},"content":{"rendered":"<p>US corporate restructuring expert John Ray says \u2018never in my career have I seen such a complete failure of corporate controls\u2019<\/p>\n<p>In a stinging court filing posted on Thursday John Ray III, the new boss of the bankrupt crypto exchange FTX, said the company had suffered an \u201cunprecedented and complete failure of corporate controls\u201d.<\/p>\n<p>Ray has overseen some of the biggest bankruptcies ever, including the collapse of the energy giant Enron, and has 40 years of experience in restructuring companies. He said he had never seen anything as bad as FTX.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/nov\/17\/ftx-enron-crypto-collapse-john-ray-unprecedented\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/0583945ec7d6a6501f9faafe057954a2ae5f56ab\/0_39_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=83d9f97e11f06e2436cc3ecc80522aa0\" title=\"New FTX boss, who worked on Enron bankruptcy, condemns \u2018unprecedented failure\u2019\" \/>US corporate restructuring expert John Ray says \u2018never in my career have I seen such a complete failure of corporate controls\u2019<br \/>\nIn a stinging court filing posted on Thursday John Ray III, the new boss of the bankrupt crypto exchange FTX, said the company had suffered an \u201cunprecedented and complete failure of corporate controls\u201d.<br \/>\nRay has overseen some of the biggest bankruptcies ever, including the collapse of the energy giant Enron, and has 40 years of experience in restructuring companies. He said he had never seen anything as bad as FTX. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US corporate restructuring expert John Ray says \u2018never in my career have I seen such a complete failure of corporate controls\u2019 In a stinging court filing posted on Thursday John Ray III, the new boss of the bankrupt crypto exchange FTX, said the company had suffered an \u201cunprecedented and complete failure of corporate controls\u201d. Ray &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/11\/17\/new-ftx-boss-who-worked-on-enron-bankruptcy-condemns-unprecedented-failure\/\"> <span class=\"screen-reader-text\">New FTX boss, who worked on Enron bankruptcy, condemns \u2018unprecedented failure\u2019<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":7932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7931"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=7931"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/7931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/7932"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=7931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=7931"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=7931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}