SBF’s father was unhappy with $200k salary at FTX
Initially offered $200,000 annually at FTX, Bankman sought $1 million, even involving SBF’s mother in the negotiations. A new court filing reveals that Sam Bankman-Fried’s (SBF) father was unhappy with his salary at FTX, so he dragged SBF’s mother into the discussion to “enrich themselves.” Per the court filing, Joseph Bankman had an initial salary of $200,000 yearly at FTX before the collapse. Still, he desired a $1 million annual compensation for his involvement in the company. You might also like: FTX sues SBF’s parents over misappropriating ‘millions’ of dollars Moreover, Bankman pulled Barbara Fried, SBF’s mother, into the discussion to get the desired salary. “Gee, Sam I don’t know what to say here. This is the first [I] have heard of the 200K a year salary ! Putting Barbara on this.” Bankman told SBF, per the court filing. According to the recent filing, SBF soon gifted $10 million from funds generated from FTX’s hedge fund, Alameda Research Ltd. In additi...