On The Whole FTX/SBF Saga
"ESG has been perverted beyond recognition" Sam Bankman-Fried
We’re posting this final article to show that the whole anti-ESG narrative and most people that criticize ESG have no idea what ESG means. ESG is not the sanctimoniousness, virtue signaling of “saying the right things” and saving the world as SBF did.
If investors (not referring to retail clients here) would have actually done a proper due diligence while integrating ESG, they would have avoided this governance nightmare and saved their money. As others did, see why Social Capital didn’t invest in FTX for an example.