Wall Street

Commentary: The practice of proclaiming virtue while amassing wealth and power is not new

Published by
Chicago Tribune

What do Elizabeth Holmes, Sam Bankman-Fried and Al Capone have in common? No, they are not all convicted felons. Capone did serve time for tax evasion, and Holmes was recently sentenced to 11 years in prison for defrauding the public through her blood-testing company Theranos. But Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, has not yet been charged with anything, although regulators and investigators are sorting through the financial carnage. The answer to what they have in common is that each one employed a time-honored strategy to win public approval — the “virtue…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street