Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden’s administration.
If the only thing you know about sports is who wins and who loses, you are missing the highest stakes action of all. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway.
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After a period of tumult that is still shaking crypto companies to the core, a wave of management turnover is now sweeping across the industry.
More than two dozen high-ranking executives have stepped aside from key posts in the past two months alone. Clockwise from top left: Alex Mashinsky, Brett Harrison, Michael Moro, Michael Saylor, Jesse Powell and Aya Kantorovich.
Photo Illustration: 731; Getty (7)
Michael P. Regan,
Hannah Miller, and
Vildana Hajric
The convulsions that set the cryptocurrency market tumbling earlier this year and delivered shock waves through the industry have subsided. Now comes the shakeup in the C-suite.
More than two dozen high-ranking executives — from Alex Mashinsky, the charismatic and controversial co-founder of now-bankrupt crypto lender Celsius Network to Brett Harrison of digital-asset exchange FTX US and Jesse Powell, the outspoken head of FTX’s rival Kraken — have vacated their posts in the past two months alone.
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