The unkempt hair wasn't the tell. The XXXL T-shirt wasn't the tell. No, the giveaway about disgraced cryptocurrency exchange founder Sam Bankman-Fried was on his sheepish face: that self-deprecating grin.
"I'm sorry... I fucked up," Bankman-Fried tweeted in November, owning up with a virtual shrug to a crypto calamity that erased $8 billion of other people's money. "Had I been a bit more concentrated on what I was doing, I would have been able to be more thorough," BankmanFried told the New York Times as his crypto exchange, FTX, unraveled.
Bankman-Fried's ostentatious display of incompetence is likely self-serving, given that he faces criminal fraud charges, but the implication is unmistakable: Other, lesser minds should have been sweating the small stuff.
When I read about Bankman-Fried's professed ineptitude, my first thought was "What a clown!" But increasingly I've begun to feel a wary connection: "There, but for the grace of God..."
I wrote the book on workplace behavior. Okay, maybe not the book. But a book. It's called Works Well With Others. Published in 2015, it tells the story of how I, as a young in-flight magazine editor from Texas, navigated New York City's famously status-conscious media world. My book's thesis is that being well-liked by your colleagues and bosses is a path to professional success, in whatever field you're in. There are chapters on shaking hands, making small talk, and giving a toast, and a chapter called "How to Have a Meaningful Lunch in a Fancy Restaurant Full of Important People."
I didn't write the book just for men. But in retrospect I see that some of its advice works best for the demographic I happen to belong to: straight, white, male.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE NEW GOLD RUSH
Gold prices have soared amid global uncertainty and a central-bank-driven buying spree. But this time, the gold mining industry looks very different.
A New Season for Giving
As the PGA TOUR kicks off its 2025 season alongside its sponsors in Hawai'i, the organization is continuing to make an impact in local communities.
WELCOME TO ELONTOWN, USA
The small town of Bastrop, Texas (pop. 12,000), has become a home base for Elon Musk's business empire. What comes next is anyone's guess.
100 MOST POWERFUL PEOPLE
Our inaugural, authoritative ranking of the leaders whose innovation and impact have elevated them to the top of the business world.
ARE CEO SABBATICALS THE ULTIMATE POWER MOVE?
WHEN VENTURE capitalist Jeremy Liew and his wife were dating, they talked about how one day they would take a year to travel the world. \"That's how we'd know we'd made it,\" Liew says.
WHAT ARE THE BEST METRICS FOR MEASURING A STARTUP'S POTENTIAL?
IN HIS 2012 ESSAY \"Startup = Growth,\" Paul Graham talks about a 5% to 7% weekly growth rate as table stakes for startup success. If you're growing 10%, he says, you're doing \"exceptionally well.\"
TECH POLYMARKET'S ELECTION ACCURACY MADE SHAYNE COPLAN A STAR-BUT AN FBI RAID POINTS TO TROUBLE AHEAD
IN NOVEMBER, Shayne Coplan had a week he'll remember for the rest of his life: He got a phone call from the highest echelons at Mar-a-Lago. He went on TV for the first time. And his New York City apartment was raided by the FBI.
WHY BIG TECH IS THE NUCLEAR INDUSTRY'S NEW BEST FRIEND
OVER THE PAST several years, Big Tech firms like Google and Microsoft have trumpeted ambitious plans to go carbon-neutral, or even carbon-negative, by 2030. But then the generative-AI boom came along and threw a giant wrench in their plans.
WHAT PALMER LUCKEY, THE MAN REVOLUTIONIZING WARFARE, IS AFRAID OF
PALMER LUCKEY, the founder of the $14 billion Al-powered weapons startup Anduril, has become the face of change in the defense industry.
GLOBAL BUSINESS BRACES FOR TRUMP 2.0
AROUND THE WORLD in 2024, voters chose change: in South Africa, France, Britain, and Japan. But nowhere does the anti-incumbent trend matter more than in the United States.