560. Is This “the Worst Job in Corporate America” — or Maybe the Best?

Freakonomics Radio

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Documentary, Society & Culture

4.6 • 32K Ratings

🗓️ 5 October 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

John Ray is an emergency C.E.O., a bankruptcy expert who takes over companies that have succumbed to failure or fraud. He’s currently cleaning up the mess left by alleged crypto scammer Sam Bankman-Fried. And he loves it.

Transcript

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0:00.0	Hey there, Steven Dubner.
0:07.1	Before we get started with today's episode, a quick reminder that we have just launched
0:11.6	a membership program called FreakonomicsRadio Plus.
0:14.9	As a member, you will get a weekly bonus episode of FreakonomicsRadio every Friday.
0:19.8	Plus, you can listen without ads.
0:22.8	To sign up for FreakonomicsRadio Plus, visit the FreakonomicsRadio Show page on Apple
0:27.8	Podcasts or go to Freakonomics.com slash plus.
0:32.6	And now on to this week's episode.
0:36.7	Okay, it's quiz time.
0:40.4	For one point, if I ask you to name the CEO of FTX, the giant cryptocurrency exchange,
0:49.2	what do you say?
0:50.2	I'm guessing the name that comes to mind is this one.
0:54.7	Sam Bankman-Freed.
0:55.7	Sam Bankman-Freed.
0:56.7	FTX Founder Sam Bankman-Freed.
0:59.6	Joyce election is expected to begin for the much anticipated trial of Sam Bankman-Freed.
1:06.2	If you said Sam Bankman-Freed, I'll give you half a point.
1:10.7	It is true that he was the CEO of FTX at one point.
1:15.3	Before he turned 30, he was worth more than $20 billion.
1:19.2	And FTX had such massive momentum.
1:22.1	Bankman-Freed was being talked about as potentially the world's first trillionaire.
1:27.2	He was also good at spending money, on real estate, on donations to the effective altruism
	...

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