New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill

TL;DR

- FTX CEO John Ray's go-to, three-person team has worked with him on at least three bankruptcies throughout the last three decades, including restructuring Enron in the early 2000s, Nortel in 2009 and Overseas Shipbuilding Group in 2014.FTX CEO John J. Ray is leaning on a team that he's grown to know over years of bankruptcy restructurings, and the company is paying them millions for the work that they're doing to unpack FTX's tangled morass of accounts and shoddy records.By way of comparison, when Ray led Enron through its own fraud recovery process in 2005, helming the energy company through part of its bankruptcy as chairman and CEO, he collected a more modest $1.2 million on an annualized basis.Those bankruptcy guns for hire are:- Kathryn Schultea, chief administrative officer, who has worked with Ray since Enron.- Mary Cilia, chief financial officer- Raj Perubhatla, chief information officerLKS is charging $975 an hour per person, or $5.85 million annualized, for these other three leaders, who are contracted through RLKS Executive Solutions, a company which specializes in bankruptcy officers for hire."

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