AFTER LESS THAN A YEAR
RETIREMENT.
JOINING ME NOW WITH HER
REACTION CAROL ROTH.
GREAT TO SEE YOU TONIGHT.
DISNEY, MEET THE NEW BOSS,
SAME AS THE OLD, I LOVE THE
WHO YOU ABOUT ARE INVESTORS
GOING TO LAST THE FACT THIS
IGER IS BACK.
>> BATTLE OF THE BOBS IN THE
HOUSE OF THE MOUSE.
LOOK.
THIS IS ACTUALLY NOT A
SURPRISE, IGER IS THE
GREATEST CEO IN HISTORY,
CREATED MORE THAN 200
BILLION DOLLARS IN
SHAREHOLDER VALUE DURING HIS
TENURE.
BOB CHAPEK DESTROYED ABOUT
HALF OF THAT DURING HIS
TENURE.
THE IDEA THERE WAS GOING TO
BE A SHAKE UP IS NOT A
SURPRISE.
THE ONLY THING THAT BOBBICER
IGER DIDN’T DO WELL WAS PUT
A SUCCESSOR INTO PLACE, THE
MARKET THE BE HAPPY
SHORT-TERM, THEY NEED TO
FIGURE OUT WHO THE LONG-TERM
SOLUTION, THIS IS HIS SECOND
STENT.
BRIAN: THERE ARE A LOT OF
NEW PROBLEMS AT DISNEY THAT
I’M NOT SURE WHERE WERE AS
BIG A WAY THE LAST TIME THAT
IGER WAS THERE, YOU THINK
ABOUT CULTURAL ISSUE AND
THAT CORE MARKET OF FAMILIES
WONDERING IF DISNEY IS NOW
RUN BY ACTIVISTS FOR
ACTIVISTS OR ACTUALLY
COMPANY THAT WANTS TO
DELIGHT FAMILIES, DO YOU
THINK HE HAS THE CAPACITY TO
ADDRESS THOSE DEEPER WOKE
CULL RAPCULTURAL ISSUES OR
SAVE IT FOR THE NEXT GUY.
>> I DON’T THINK THERE WILL
BE A PROACTIVE ADDRESSING ON
IT I THINK HE WILL PROBABLY
SAY READ BETWEEN THE LINES,
HE IS BACK TO FOCUS ON
REALIGNING THE BUSINESS AND
GETTING IT BACK TO WHERE IT
NEEDS TO BE.
PERHAPS IN NOT ADDRESSING
IT, IT TELLS YOU WHAT HIS
THOUGHTS ARE.
BUT I CAN’T IMAGINE THAT
WILL BE A FRONT AND CENTER
CENTER PIECE ON PER
DIRECTION FROM HIM, I THINK
HE WANTS TO GET BACK TO NUTS
AND BOLTS, OTHER THINGS HAVE
SHIFTED WITH BUSINESSLIKE
STREAMING, I A SHORT-TERM
NOT LONG-TERM SHIFT.
LIKE YOU SAID, HE HAS A LOT
TO WORK THROUGH.
BRIAN: HIS BIGGEST JOB IS TO
FIND HIS REPLACEMENT.
WE’VE SEEN THAT IS PROBABLY
WORST THING HE DID IN HIS
TENURE, CAROL STAY RIGHT
THERE, I WILL COME BACK TO
YOU.
>> THE BILL COMES DUE,
EXTENT OF FINANCIAL
CATASTROPHE FROM SAM
BANKMAN-FRIED’S
MISMANAGEMENT OF FTX SHOWING
COMPANY OWES BILLIONS IN
DEBT TO ITS CRED CREDITOR,
AS COMPANY FACES A
BANKRUPTCY HEARING TOMORROW,
KELLY O’GRADY FROM LOS
ANGELES WITH MORE.
REPORTER: GOOD TO SEE I, SO
MANY OF THE BIGGEST FUNDS
HAVE WRITTEN OFF THEIR
INVESTMENTS IN FLORENCE THAT
COURT FILING THIS WEEKEND IS
PAINTING A PICTURE OF HOW
MUCH MONEY COULD BE LOST.
THE TOP 10 INVESTORS
REPRESENT ROUGHLY A BILLION
AND A HALF IN CLAIMS, 3.1
BILLION TO TOP 50 CREDDORS,
AND THEY RANGE FROM 20
MILLION TO OVER 200 MILLION
EACH.
BUT THAT DOES NOT ACCOUNT
FOR 100 MILLION REMAINING
CUSTOMERS SOME, CUSTOMERS
PUT IN 10 OR 20 THOUSAND
DOLLARS, THEY TOO MAY LOSE
EVERYTHING.
>> THERE ARE MILLION MUCH
SMALLER INVESTORS, THEY WILL
GET HURT, A LONG OF YOUNG
PEOPLE, FTX MARKETED TO
YOUNG PEOPLE AT SPORTING
EVENTS.
REPORTER: FOR CREDITORS
HOPING TO RECAPTURE THE LOST
FUNDS OUTLOOK IS GRIM, COURT
FILING REVEAL 564 MILLION IS
LIQUID.
THE COMPANY NOW PURSUING A
POTENTIAL SALE OF ASSETS TO
GARNER MORE CASH.
OFTEN IN THESE CASES THAT
COULD LEAD TO A FIRE SALE,
WE’RE SEEING CRYPTO INDUSTRY
FEELING THE IMPACT OF THE
SHOCKWAVES, THE ASSETS MAY
BE UNDERVALUED.
TOMORROW IS AN IMPORTANT DAY
IN ADDITION TO CREDITOR’S
MENTIONED.
BO PEOPLIANBOHEMIAN
GOVERNMENT IS SEEKING TO LAY
A CLAIM TO THOSE FUNDS AS
WELL.
BRIAN: THANK YOU SO MUCH
KELLY.
>> -- CAROL.
DO YOU THINK THAT INVESTORS
GET YOU KNOW WHAT PERCENT OF
THEIR MONEY DID THEY GET
BACK?
WILL WE FIND ASSETS, SOUNDS
LIKE FTX DIDN’T KNOW HOW
MANY BANK ACCOUNTS IT HAD.
>> I THINK IT DEPENDS ON
RECOVER FOR WHO CREDITORS,
CUSTOMERS WHO PUT MONEY IN
VERSUS THE INVESTORS IN IF
-- FTX IN DIFFERENT
POSITION, THE CUSTOMERS.
HAVE A BETTER POSITION JOHN
RAY DID A GREAT JOB IN TERMS
OF ENRON RECOVERING MORE
FUNDS THAN EXPECTED THAT
SAID, IT IS NOT GOING TO BE
DOLLAR FOR DOLLAR LIKELY.
THE BIGGER ISSUE IS IT WILL
TAKE A LONG TIME, THIS
SOMETHING THAT POTENTIALLY
COULD BE YEARS BEFORE IT IS
PUT TO BED.
BRIAN: SO TALK ABOUT THE
RIPPLE AFFECTS OF IT, A LOT
OF PEOPLE ASK ME I DON’T
HAVE MONEY IN EITHER FTX OR
CRYPTO, BUT I AM CONCERNED
THIS WILL SPILLOVER, WILL
THIS BE CONTAINED TO PEOPLE
WHO HAD A STAKE WITH FTX OR
MEANING MEANINGFULLY IN THAT
ECHO SYSTEM.
>> I THINK IT SPILLS IN A
BIGGER WAY DID BUT NOT THE
WAY YOU ARE THINKING.
THIS LEADS I THINK TO A CALL
FOR TIGHTER REGULATION ON
CRYPTO.
AND THEN I THINK WHAT COMES
FROM THAT IS THAT CONGRESS
NEEDS TO APPROVE A CENTRAL
BANK DIGITAL CURRENCY FROM
THE FED.
I THINK SOMETHING LIKE THAT
GETTING SNUCK IN UNDER THE
GUYS OF WE’RE REGULATING
CRYPTO THAT ALLOWS FED TO
HAVE A APRILABLE
PROGRAMMABLE CURRENCY, I
FEEL THAT IS BIGGEST
POSSIBLE CONTAGION.
WE NEED TO KEEP A EYE ON
THIS, OR LEGISLATURES THEY
NEED TO BE FOCUSED.
>> THAT IS MY CONCERN, THIS
IS A GREAT POINT.
YOU LOOK AT THIS WHOLE
EPISODE, SAM BANKMAN-FRIED,
HE IS NOT RUNNING TO FIND A
CORNER WHERE NOBODY IS
WATCHING HIM.
HE IS RUNNING RIGHT AT
REGULATORS, RIGHT AT
POLITICIANS AND SAYING, HERE
I AM, I WANT BE ON YOUR
RADAR SCREEN, YOU KNOW HE IS
TRYING TO BUY INFLUENCE TO
WRITE THE RULES HIS WAY.
IS THAT WHAT IS GOING TO
HAPPEN ANYWAY YOU SLICE IT?
IT IS HARD TO KEEP AN EYE ON
THIS INDUSTRY, DID YOU
REALLY TRUST THE FED AT THE
END OF THE DAY TO MANAGE IT.
>> I DON’T TRUST THE FED ON
ANYTHING, BRIAN THEY MESSED
UP EVERY SINGLE THEN THEY
HAVE BEEN, ALL OF THE ISSUES
WE’RE FACING ARE ON BACK OF
THE FED, WORST THING IS THEY
GET MORE CONTROL AND MORE
CENTRALIZATION OVER THE
MONEY.
SO NO THERE IS NO TRUST, I
THINK THAT IS WHY WITH
EVERYTHING SO CONFUSING AND
SO OPAQUE IT IS IMPORTANT
FOR US TO KEEP OUR EYES ON
THE PRIZE AND WHATEVER
HAPPENS INTO CRYPTO THERE
WILL BE REGULATION, THEY
DON’T WANT TO GIVE UP THAT
POWER, BUT THE CBDC STAY
FOCUSED ON THOSE LETTERS.
BRIAN: DOES IT MOVE TO U.S.?
GET TRIED HERE AND DO WE DET
GET TRANSPARENCY.
>> IT IS A FLIP A COIN, I
THINK THEY WILL TRY THEIR
HARDEST, I AM NOT A LAWYER,
I ONLY PLAY ONE ON TV.
BRIAN: YOU PLAY A LOT OF
GREAT THINGS TO TV, THANK