FTX Is Latest Reason Why the C-Suite Needs a Chief Critical Officer
Crypto exchange’s collapse 21 years after Enron shows that corporate governance needs to go up a gear.
After Enron filed for bankruptcy twenty-one years ago this week, history is repeating itself.
The irony can’t be lost on anyone that John J. Ray III, the man hired to oversee Enron’s liquidation is doing the same again in 2022 for FTX, the failed cryptocurrency exchange. My working assumption is that it’s time to focus less on the charisma of entrepreneurs and corporate leaders and show more healthy cynicism and criticism if such scandals as Enron, FTX and Theranos Inc. are to be avoided in the future.