I’m pretty sure there are multiple sources confirming that Will knew about early Alameda events. One is that Semafor reported that the ex-Alameda employees reported allegations about SBF to CEA trustees in 2018. Will was a CEA trustee in 2018 according to Wayback Machine.
[In 2018, CEA] trustees considered allegations that Bankman-Fried had engaged in unethical business practices at his crypto trading firm, Alameda Research, but ultimately took no action, according to a person with knowledge of the discussions. A spokesman for the Centre for Effective Altruism declined to comment. MacAskill and Bankman-Fried, an investor in Semafor, didn’t respond to a request for comment.
Notice that, as usual, these allegations are considered privately and nobody from CEA responds to requests for comments, even after FTX goes bankrupt.
People should be demanding from all EA organizations to make their internal deliberations on this subject public. What allegations did they consider in 2018? Why did they decide that they were ultimately not serious enough to warrant action?
The tolerance this community has shown for the silence of EA organizations in light of what has happened is astonishing to me. I think it’s partly that they simply don’t know the extent of the connection between early Alameda and central EA infrastructure, but that can’t be the whole story. There’s some slim chance that some of this will come out in court if the discovery process ever extends that far, but it seems much less likely at this point than I would like.
At least MacAskill and Beckstead need to resign from the EVF board, take a leave of absence, publicly recuse from responding to the FTX situation, or submit a detailed explanation of the facts and circumstances that render none of these actions appropriate. They are just too intertwined in the events that happened to be able to manage the conflict of interest and risks to impartiality (or at least the appearance of the same).
That’s not me saying that I think they committed misconduct, but I think the circumstances would easily “cause a reasonable person with knowledge of the relevant facts to question [their] impartiality in the matter,” and that’s enough. Cf.5 CFR § 2635.502(a) (Standards of Conduct for Employees of the Executive Branch [of the U.S. Government]). Although I’m not going to submit that EA officials should always follow government ethics rules, this is a really clear-cut case.
Hopefully they have recused and this just isn’t being stated due to PR concerns (because some people might misinterpret recusal as an admission of wrongdoing rather than as respect for a basic principle of good governance).
Yes — since the first week of the crisis, Nick and Will have been recused from the relevant discussions / decisions on the boards of both EV entities to avoid any potential conflict of interest. Staff in both EV entities were informed about that decision in mid-November.
My suspicion is that FTX fallout may be the defining issue of EVF’s corporate governance for the next few years, so having nearly half the board recused ain’t ideal but is certain better than non-recusal.
I’m pretty sure there are multiple sources confirming that Will knew about early Alameda events. One is that Semafor reported that the ex-Alameda employees reported allegations about SBF to CEA trustees in 2018. Will was a CEA trustee in 2018 according to Wayback Machine.
Notice that, as usual, these allegations are considered privately and nobody from CEA responds to requests for comments, even after FTX goes bankrupt.
People should be demanding from all EA organizations to make their internal deliberations on this subject public. What allegations did they consider in 2018? Why did they decide that they were ultimately not serious enough to warrant action?
The tolerance this community has shown for the silence of EA organizations in light of what has happened is astonishing to me. I think it’s partly that they simply don’t know the extent of the connection between early Alameda and central EA infrastructure, but that can’t be the whole story. There’s some slim chance that some of this will come out in court if the discovery process ever extends that far, but it seems much less likely at this point than I would like.
At least MacAskill and Beckstead need to resign from the EVF board, take a leave of absence, publicly recuse from responding to the FTX situation, or submit a detailed explanation of the facts and circumstances that render none of these actions appropriate. They are just too intertwined in the events that happened to be able to manage the conflict of interest and risks to impartiality (or at least the appearance of the same).
That’s not me saying that I think they committed misconduct, but I think the circumstances would easily “cause a reasonable person with knowledge of the relevant facts to question [their] impartiality in the matter,” and that’s enough. Cf. 5 CFR § 2635.502(a) (Standards of Conduct for Employees of the Executive Branch [of the U.S. Government]). Although I’m not going to submit that EA officials should always follow government ethics rules, this is a really clear-cut case.
Hopefully they have recused and this just isn’t being stated due to PR concerns (because some people might misinterpret recusal as an admission of wrongdoing rather than as respect for a basic principle of good governance).
Yes — since the first week of the crisis, Nick and Will have been recused from the relevant discussions / decisions on the boards of both EV entities to avoid any potential conflict of interest. Staff in both EV entities were informed about that decision in mid-November.
Thanks, Howie. That is reassuring.
My suspicion is that FTX fallout may be the defining issue of EVF’s corporate governance for the next few years, so having nearly half the board recused ain’t ideal but is certain better than non-recusal.
Why don’t you think the EA-Alameda connection will come out in court proceedings? I thought it was pretty likely.