How does incompetence and mismanagement explain SBF, his parents and senior executives buying properties worth nearly $300M in the Bahamas with FTX funds as has been reported by multiple news outlets?
There was a similar case in the UK where Hoover gave away free flights for purchasing a relatively cheap hoover.
“The Hoover free flights promotion was a marketing promotion run by the British division of the Hoover Company in late 1992. The promotion, aiming to boost sales during the global recession of the early 1990s, offered two complimentary round-trip plane tickets to the United States, worth about £600, to any customer purchasing at least £100 in Hoover products.” [1]
Worked at a company where a new manager who also happened to be a partner at a recruitment agency joined. Wasn’t long before we had a whole bunch of contractors joining from this agency.