New FTX CEO John Ray Is Being Paid $1,300 An Hour

Court filings have shown that Sam Bankman-Fried’s successor at FTX, John Ray, is charging $1,300 per hour.

The filings also peg the hourly billing of Chief Administrative Officer Kathryn Schultea, Chief Financial Officer Mary Cilia, and Chief Information Officer Raj Perubhatla at $975.

The filing also cites non-employee directors hired to ensure proper governance during FTX’s insolvency process, for which they charge a fee of $50,000 per month plus expenses.

FTX is having trouble identifying who was on its payroll, complicating efforts to pay out as much as $1,000,000 in back pay.