Why financial analysts are providing inadequate scrutiny of fraudulent CEOs
As FTX CEO Sam Bankman-Fried is convicted for perpetrating "one of the biggest financial frauds in US history", research finds analysts are often blinded by the "truth bias".
Summary:
- Dishonest, egregious and often illegal deception is more pervasive in CEO communications than many might expect
- Financial analysts – especially the most highly-regarded – are providing inadequate scrutiny and challenge.