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Form 425 Evoqua Water Technologie Filed by: Xylem Inc

Form 425 Evoqua Water Technologie Filed by: Xylem Inc
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FOXNEWS Your World With Neil Cavuto June 4, 2024 21:46:00

of corporate governance going on at ftx as they filed for chapter 11 bankruptcy, and a 30-page report came out, and ridiculous things came to light. like, first of all, they literally would approve company expenses through a chat, confirmed with emojis. okay? second of all, there was literally no board of directors. so nobody met for board meetings. number three, they didn t even know basically who the employees were. there wasn t a place where all of this was recorded. the fourth thing, they didn t have centralized cash management. at any given time, the company had no idea how much cash they actually had. then it came to light, sam bankman-fried, the ceo, actually loaned himself from the company $3 billion. this is more money than they actually raised in equity into the company. and fourth, you know, company executives were putting name of real estate they bought real estate, including their own names. charles: it was a free-for-all. it was insane. slush fund.

Stand-Alone Indemnities (UPDATED) | Goulston & Storrs PC

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