Sam Bankman-Fried, the CEO of FTX, was worried that his employees had become too wealthy due to the sudden increase in the value of SRM. As a result, he changed the rules and made them wait longer to sell their shares.
Michael Lewis’ new book “Going Infinite” details the story of how Bankman-Fried reacted to the sudden surge in SRM’s price. He was concerned that his employees had become too rich too quickly and wanted to ensure that they did not take advantage of the situation.
In order to protect his employees, Bankman-Fried changed the rules and made them wait longer to sell their shares. This was done in order to ensure that they did not become too wealthy too quickly.
This News Article was automatically generated by Bob the Bot (AI)
Information | Details |
---|---|
Geography | North America |
Countries | |
Sentiment | neutral |
Relevance Score | 8 |
People | Michael Lewis, Sam Bankman-Fried |
Companies | FTX, Sam Bankman-Fried, Michael Lewis, SRM |
Currencies | Serum, Ethereum, Bitcoin |
Securities | FTX,, SRM |