Sam Bankman-Fried, an renowned entrepreneur and philanthropist known for co-founding FTX – a cryptocurrency exchange platform – in 2019, was recently arrested on several criminal charges related to fraud and money laundering. But who are his parents, Joseph Bankman and Barbara Fried – both professors at Stanford Law School? In this article we will take an in-depth look into their lives and careers as we trace Sam’s background family tree.

Joseph Bankman: A Tax Law Expert and a Clinical Psychologist

Sam Bankman-Fried Parents

Joseph Bankman is both a professor of law and clinical psychologist at Stanford University. Specializing in tax law, he has written two casebooks in that field as well as teaching mental health law classes and writing articles on tax evasion, shelters and behavioral economics – often testifying before Congress or state legislatures himself on tax policy issues and helping draft legislation to streamline taxes while also regulating cryptocurrency industries.

Joseph Bankman was born and raised in Los Angeles. After attending Harvard College and Law School – graduating with highest distinction from both – he worked as a clerk to Judge Wilfred Feinberg on the Second Circuit Court of Appeals and Justice Thurgood Marshall of the Supreme Court before joining Stanford faculty as an associate professor in 1987 and becoming full professor in 1990. Married to Barbara Fried, they have three children together: Sam, Rachel and Daniel.

Joseph Bankman was an employee of FTX who was deeply involved with its operations. He received payments from FTX as well as legal advice for Sam Bankman-Fried and made donations using funds from both FTX and Alameda Research – another cryptocurrency trading firm co-founded by Sam – to Democratic campaigns and causes. Joseph is currently under investigation by the Department of Justice regarding an alleged FTX scam scheme.

Barbara Fried: A Law and Philosophy Scholar and a Political Activist

Barbara Fried, professor emerita of law at Stanford University. As a specialist in law, economics, and philosophy she has written numerous books and articles covering contract theory, distributive justice, legal reasoning, feminist theory constitutional law and political philosophy among other topics. Additionally she has received multiple John Bingham Hurlbut Award for Excellence in Teaching Awards three times over.

Barbara Fried was born and raised in New York City. She graduated with honors from Radcliffe College and Harvard Law School before clerking for Judge Patricia Wald of the U.S. Court of Appeals for the District of Columbia Circuit and Justice Harry Blackmun of the Supreme Court. Later she joined Stanford faculty as an instructor before becoming full professor in 1994 – retiring after 21 years to become professor emerita upon retirement in 2018. Barbara is married to Joseph Bankman with whom she shares three children Sam, Rachel and Daniel.

Barbara Fried co-founded Mind the Gap, a super political action committee, in 2018. This organization used statistical analysis to measure the dollar value influence of donations on Democrats running for House seats. Barbara assisted Sam Bankman-Fried with making large donations using funds from FTX and Alameda Research prior to 2022 midterms using funds provided through Mind The Gap. In November 2022 following Sam Bankman-Fried’s arrest and indictment she resigned from Mind The Gap while now being scrutinized over possible involvement in an alleged FTX scheme scheme.

Conclusion

Sam Bankman-Fried’s parents, Joseph Bankman and Barbara Fried, are accomplished and esteemed law professors at Stanford University. Both have also been actively engaged in political and social causes – supporting Democratic Party causes as well as cryptocurrency industry initiatives – yet their involvement with their son’s FTX business has put them in legal jeopardy while damaging their reputations; while standing firmly behind him while experiencing public criticism over their behavior and expressions in court. Now they eagerly await results of investigation and trial hoping the best for them and their family!

Motilal Oswal Financial Services has issued a buy call on Tech Mahindra with an objective price target of Rs 1180. At present, the stock’s market value stands at Rs 1106.95. Motilal Oswal Financial Services advises investors to maintain their stop loss at Rs 1100.

Tech Mahindra, established in 1986, is a large-cap company (with a market cap of Rs 107651.26 Crore) operating within the IT Software sector.

Tech Mahindra’s key products/revenue segments for the year ending 31 March 2022 include Software Services.

Motilal Oswal Reports

Financials

For the quarter ended 31-12-2022, the company reported a Consolidated Total Income of Rs 13981.70 Crore, up 4.19 % from last quarter’s Total Income of Rs 13419.65 Crore and 19.77% higher than last year’s same quarter Total Income of Rs 11673.90 Crore. Net profit after tax for this latest quarter came to Rs 1294.30 Crore.

The company’s top management consists of Mr. Anand G Mahindra, Ms. Shikha Sharma, Mr. Haigreve Khaitan, Dr.Mukti Khaire, Mrs.M Rajyalakshmi Rao, Penelope Fowler, Manoj Bhat, Dr.Anish Shah, C P Gurnani and T N Manoharan; B S R & Co LLP is its auditors; as of 31-12-2022 the company had 97 Crore shares outstanding.

Investment Rationale

The stock has reversed its lower highs on both daily and weekly time frames, suggesting it may have broken out of consolidation mode on a monthly basis.

Promoters/FII Holdings

On 31 December 2022, promoters owned 35.19 percent of the company; FIIs held 27.95 percent and DIIs 23.54 percent stake respectively.

(Disclaimer: Any recommendations given in this section or reports attached herein have been authored by an external party and do not represent the views of Economic Times (ET). ET does not guarantee, endorse, or support any of their contents and expressly disclaims all warranties, express or implied, related thereto. We advise you to consult your financial adviser for independent advice before making any decisions.

Also, Read-:

•  Trade Global Stock Indices and Make Substantial Profits
• DNR Stock Price Forecasting & News

Despite the current economy’s problems, the pendulum is swinging back to employers. Wage growth is up, unemployment is down, and employees are not leaving their jobs in droves like in the past. The President’s economic policies, which include tax cuts, stimulus spending, and other measures, have been designed to create a more robust economy.

Pendulum is swinging back to employers: Wage growth is a “late-cycle indicator”

Despite the ongoing swooning of the Fed, the American worker is still seeing his or her share of the pie. The aforementioned recession proofed adage is apt. It’s a good thing that companies are putting their best foot forward by posting fewer jobs, and laying off less.

Not to mention slapping a plethora of bonuses on top of that. And while it’s still too early to call, this is a sign of things to come.

Of course, the old adage about the recession notwithstanding, the economy is currently in a state of flux. Luckily, it’s not a full blown recession, but rather a slow burn that is a little more than the average American would like to admit to.

The best part is, there’s nothing stopping companies from re-investing in the aforementioned economy if they so choose. With the right incentives,

companies will soon be reaping the benefits of their new found prosperity. Of course, not all companies are created equal. The ones that stand out are the ones that take the time to listen to their employees.

Pendulum is swinging back to employers: Labor force participation rate dropped again in July to 62.1 percent

Despite strong job creation, the labor force participation rate decreased by 0.1 percentage point to 62.1 percent in July. The participation rate was down from 63.4 percent in February and April 2020. This was a decline that was most noticeable among younger workers.

Despite a significant drop in the labor force participation rate, the unemployment rate edged down to 3.5 percent. It is still a long way from its pre-pandemic level of 63.4 percent.

Despite the drop in the labor force participation rate, the employment-to-population ratio remains below the value for February 2020.

The decline in the labor force participation rate is partly due to a drop in participation among 55-64 year olds. This age group has been declining for some time, and it raised concerns about an increase in early retirement.

Another factor depressing labor force participation was caregiving. There were 6.13 million workers not in the labor force because they were taking care of a child who was not in daycare. Caregiving accounted for 1.2 percentage points of the drop in the labor force participation rate.

Pendulum is swinging back to employers: Fewer employees are leaving their jobs without a new job

Compared to the past, fewer employees are quitting their jobs without a new job lined up. This is a good thing for workers and employers alike. In fact, more and more workers are taking the time to start their own companies.

The number of people leaving their jobs without a new one lined up is down by a whopping two million. However, the number of job openings remains near a record high, if the latest job report is any indication.

Adding to the numbers is the fact that the Federal Reserve is working to slow the economy down, and more employers are putting a squeeze on hiring.

The Great Resignation has given workers a chance to try out the old adage about not working for free. Many of them are opting to forgo their desk jobs for more flexible schedules and better benefits. Those seeking to get back to work are also taking the time to read up on the latest and greatest in workplace technology.

Pendulum is swinging back to employers: President Biden swings pendulum in employee-friendly direction

• During the presidential campaign, President-elect Joe Biden promised to be the most employee-friendly president in history. He filled his transition team with labor-friendly lawyers and leaders. He also nominated Martin J. Walsh, a former union official, to serve as secretary of labor.
• He has also made several changes to federal agencies and the federal minimum wage. He has rescinded a dozen guidance memoranda issued by his predecessor. These memoranda had been used to promote a stricter neutrality agreement standard.
• President-elect Biden has also made a commitment to reverse the Trump administration’s actions on climate change and environmental issues.
• His administration will likely increase civil enforcement of environmental laws and roll back the Trump administration’s environmental policies.
• The President-elect has also promised to return to the Paris Climate Agreement. He has made a commitment to legalize 11 million unauthorized immigrants.
• He has also promised to be the most pro-union president. The president-elect has begun to act immediately to implement these promises.

Read Also:-

• Pinterest Matching Wallpapers