{"id":73727,"date":"2023-02-07T14:03:38","date_gmt":"2023-02-07T12:03:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73727"},"modified":"2025-09-09T15:51:28","modified_gmt":"2025-09-09T12:51:28","slug":"john-ray-earned-690000-as-ftxs-new-ceo-over-two-months","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/john-ray-earned-690000-as-ftxs-new-ceo-over-two-months\/","title":{"rendered":"John Ray earned $690,000 as FTX’s new CEO over two months"},"content":{"rendered":"

The compensation of FTX’s new head John Ray from November 11 to December 31, 2022 amounted to $690,000. This follows from bankruptcy court documents related to the platform, according to Business Insider<\/a>.<\/p>\n

Based on an hourly rate of $1300<\/a>, he spent about 75 hours on this work on average each business week.<\/p>\n

His duties include participation in the FTX bankruptcy process in an effort to return funds for payments to clients and creditors.<\/p>\n

Ray has decades of experience in corporate restructuring. His track record includes the Enron, Nortel and Overseas Shipholding cases.<\/p>\n

Earlier the expert admitted that he had never seen such a complete collapse<\/a> of corporate governance and the absolute lack of reliable financial information, as in the case of FTX.<\/p>\n

In November 2022, FTX Group filed for bankruptcy<\/a> under Chapter 11 of the U.S. Bankruptcy Code. The former chief executive Sam Bankman-Fried<\/a> was replaced by John Ray III.<\/p>\n

In January, FTX Group advisers reestablished access<\/a> to assets worth more than $5 billion.<\/p>\n

According to court documents, about 117 potential buyers are interested in acquiring the group\u2019s subsidiaries<\/a>.<\/p>\n

Earlier in January, John Ray said a possible restart of FTX<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The compensation of FTX’s new head John Ray from November 11 to December 31, 2022 amounted to $690,000. This comes from bankruptcy court documents related to the platform, according to Business Insider.<\/p>\n","protected":false},"author":1,"featured_media":73728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1300,83,1236],"class_list":["post-73727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bankruptcy","tag-business","tag-ftx"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=73727"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73727\/revisions"}],"predecessor-version":[{"id":73729,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/73727\/revisions\/73729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/73728"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=73727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=73727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=73727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}