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☆ FTX affords a turning point in venture governance
▼ + stars: | 2022-11-17 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

The new chief executive of the collapsed cryptocurrency exchange, insolvency veteran John Ray, uncovered giant financial gaps and signs of looting. Ray’s first in-depth account, submitted to the court on Thursday, reveals a brazen lack of controls and governance. Financial statements dated to Sept. 30, when founder Sam Bankman-Fried was in charge, contain no record of customer liabilities at either the U.S. subsidiary or the international division. Many of the FTX corporate entities never had board meetings. Ray also criticised his predecessor and FTX co-founder Sam Bankman-Fried for making “erratic and misleading public statements”.

- Ray said he had secured $740 million in cryptocurrency, a "fraction" of what he hopes to recover during the bankruptcy. Bankman-Fried and his co-founders failed to identify wallets that might contain FTX assets, he added. - Record keeping was so lax that Ray said he was unable to compile a complete list of FTX employees. - The second silo is Alameda Research LLC, which Ray described as a crypto hedge fund owned by Bankman-Fried and Wang with assets of $13.46 billion. - The other silos were Ventures, which manages private investments and had around $2 billion in assets, and Dotcom, which owned non-U.S. exchanges with $2.25 billion in assets.

☆ Elon Musk has just given this little-known Twitter exec the toughest job in advertising right now
▼ + stars: | 2022-11-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Twitter executive Robin Wheeler is leading the company's global ad sales teams. But she is now de facto Twitter ad sales chief, and those who know her say she's used to navigating complex problems. Advertisers describe a sales team hampered by an information vaccuum as Musk unleashes chaos through his tweetsOne of Wheeler's biggest tasks is getting a depleted ad sales team organized and running. From AOL to Twitter, Wheeler has managed sales teams in crisis beforeWheeler has operated successfully in chaotic environments before. In 2020, she become the commercial lead for MoPub, Twitter's ad network that helped publishers and app developers sell mobile ads.

☆ ‘The Headies:’ An inside look at the show celebrating Afrobeats artists
▼ + stars: | 2022-10-27 | by ( Jackie Prager | ) edition.cnn.com time to read: +5 min

Now 52, he’s spent decades working to elevate Nigeria’s music industry and empower African artists across the continent, and has become one of the most influential entertainment executives in the country. Animashaun soaked up everything he could learn about artists, their music, and the industry at large. The first issue of Hip Hop World Magazine published in 1995. By this time, Afrobeats music was quickly gaining popularity and Animashaun says he felt he wanted to do more to help emerging artists. “Integrity is everything”In 2006, Hip Hop World Magazine debuted the Hip Hop World Awards, which were later rebranded as The Headies.

☆ Ferdinand Omanyala: Africa's fastest man races to make Kenya a 'sprinting nation'
▼ + stars: | 2022-09-16 | by ( Jackie Prager | ) edition.cnn.com time to read: +3 min

Photos: These African athletes made history at Tokyo 2020 Eliud Kipchoge, Kenya: The 36-year-old marathoner is considered among the " The 36-year-old marathoner is considered among the " greatest of all time ," and Kipchoge showed it once again at the Tokyo Olympics, winning gold in the men's marathon. That's back-to-back wins for the Kenyan superstar, making him only the third man ever to defend his gold medal in this event. Hide Caption 5 of 11Photos: These African athletes made history at Tokyo 2020 Faith Kipyegon, Kenya: Kenya celebrated more record-breaking success on the track when Kipyegon defended her gold medal in the women's 1,500m, setting a new Olympic record in the process. Hide Caption 6 of 11Photos: These African athletes made history at Tokyo 2020 Uche Eke, Nigeria: The young athlete became the The young athlete became the first gymnast to qualify and compete for Nigeria at the Olympics. Hide Caption 8 of 11Photos: These African athletes made history at Tokyo 2020 Selemon Barega, Ethiopia: Crossing the finish line ahead of Ugandans Joshua Cheptegei and Jacob Kiplimo, Barega captured the gold medal in the men's 10,000 meters.

☆ Is this Nigerian teen the next women's golf prodigy?
▼ + stars: | 2022-08-22 | by ( Jackie Prager | ) edition.cnn.com time to read: +10 min

She remembers the day her dad took her to a golf course in Abuja, where she saw a boy teeing off. As she continues to make a name for herself and her country, Nigerian president Muhammadu Buhari is taking notice. "He just keeps playing golf and he really loves the sport, even though he's not winning." Hide Caption 6 of 8 Photos: Golf's greatest-ever prodigies Arguably the greatest golfer never to go pro, Bobby Jones is one of the sport's most influential figures. According to the Nigerian Golf Federation, there are only 58 courses in the country.

☆ I make up to $5,000 a month as a yacht stewardess. I landed the job right out of college and love that I get to save money while traveling the world.
▼ + stars: | 2022-04-09 | by ( Sarah Prager | ) www.businessinsider.com time to read: +5 min

Emery Wallerich is a yacht stewardess based in South Florida. I got the details from the woman, graduated, moved to Florida, and at the age of 22 started my career as a yacht stewardess. I'm the second stewardess on board, working with the chief stewardess and third stewardessAs the second stewardess, Wallerich is responsible for serving the yacht's owners and keeping the interiors tidy. I take a two-hour break after running lunch service and then help the chief stewardess run dinner service. A chief stewardess, the highest level and most experienced of the stewardesses, can easily make $100,000 per year.

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