FTX: The Enron case on steroids, fueled by woke capitalism ...Middle East

That John J. Ray, the man charged with overseeing Enron’s denouement, has been appointed as CEO of FTX after its spectacular collapse into Chapter 11 bankruptcy is fitting, given the much-discussed parallels between the two corporate failures and the reigning business and cultural context in which they each occurred. Ray headed Enron Creditors Recovery Corp. in 2003 and was responsible for liquidating Enron’s remaining assets, distributing proceeds to creditors and resolving outstanding litigation, which included actions against financial institutions accused of abetting Enron’s myriad misdeeds. Like him, I too had a front-row seat to Enron’s implosion, having been part of the restruct

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