📢 #Gate观点任务# 第二十九期精彩启程!调研指定项目,在Gate.io 动态 发布您的看法观点,赢丰厚奖励。🎉
💬第29期分享任务:调研 AgentLayer (AGENT) , 并在 Gate.io 动态 发帖分享你的观点和见解。
🏆奖励:5 名获奖者将每人获得价值 $20 的 $AGENT 和本期的观点勋章!🏅
👉 参与方式:
在 Gate.io 动态 发布你的想法,并带上标签: #Gate观点任务# 和 #AGENT# 。
确保你的帖子至少有 60 字,并获得至少 3 个点赞。
帖子中附带该项目交易链接:https://www.gate.io/trade/AGENT_USDT
⚠️ 重复内容的帖子将不会被选取,请分享属于你独特的观点。
⏰ 活动时间:截止至 9月20日 18:00(UTC+8)
Temasek Slashes Pay for utives Who Recommended Investing in FTX (Report)
Temasek Holdings, a private company whose sole stakeholder is the Singaporean Government and whose only purpose is overseeing investments for said government, was responsible for the second-largest investment into FTX.
Poor Judgement
Prior to the collapse of FTX, Temasek’s investment was worth about $275 million, representing 0.09% of the company’s total investment portfolio worth about $304 billion.
Following the collapse of the platform – which led to Temasek writing off its investment completely – Temasek Holdings performed an internal investigation into the matter to avoid any further damage to its reputation.
Temasek was not the only investment firm to write off its investment, although it was the most significant investment to be scratched. Other firms that did the same include Sequoia Capital, Softbank, and the Ontario Teachers’ Pension Plan.
Despite the write-offs, FTX still currently owes ious creditors about $52 billion, $44 billion of which are claims recently filed by the IRS.
Temasek’s internal post-mortem investigation has now concluded, with the firm’s internal auditing service declaring that no misconduct was detected on their side, although the auditors stressed that critical information that should have been made available to investors – Temasek among them – had been hidden by FTX.
Nevertheless, the failed investment damaged the reputation of Temasek Holdings, according to Chairman Lin Boon Heng.
Investment Team Took Responsibility
Since the decision to invest in FTX was made in good faith – and the due diligence performed by Temaseks’ investment department was also done in a rigorous and professional manner – no internal sanctions were handed out.
However, the investment team who decided to greenlight the investment and senior management who approved it have reportedly taken full responsibility for the venture going sour. As a result, those responsible have had their yearly compensation reduced.
The investment firm declined to comment on whether the employees’ bonuses or salaries were cut. Temasek also remained tight-lipped about the exact amount of compensation cut from its employees’ payroll.