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Fortune
Fortune
Jessica Mathews

Sam Bankman-Fried makes himself out to be an absentee CEO in new testimony

Courtroom sketch of Sam Bankman-Fried (Credit: Jane Rosenberg—Reuters)

It’s great to be the hero founder. You are the face of the company and its success—and, if you raise enough money—you sometimes even get to be the face on the cover of business magazines. Everyone wants to be around you and hear what you have to say. Famous authors decide to write about the incredible journey that has been your life.

And when everything goes sour, you weren’t that involved at your company anyway. Or at least, that’s what Sam Bankman-Fried is arguing.

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