Caroline Ellison: Difference between revisions
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== Early life and education == |
== Early life and education == |
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Ellison is the daughter of [[Glenn Ellison]], the Gregory K. Palm (1970) Professor of Economics at MIT, who coached her math team as a middle schooler,<ref>{{Cite web |title=MIT SHASS: News - 2013 - MIT economist Ellison's Hard Math books inspire young students |url=https://shass.mit.edu/news/news-2013-mit-economist-ellisons-hard-math-books-inspire-young-students |access-date=2022-11-13 |website=[[MIT School of Humanities, Arts, and Social Sciences]]}}</ref><ref>{{Cite journal |last1=Ellison |first1=Glenn |author-link=Glenn Ellison |last2=Swanson |first2=Ashley |date=2010-05-01 |title=The Gender Gap in Secondary School Mathematics at High Achievement Levels: Evidence from the American Mathematics Competitions |url=https://pubs.aeaweb.org/doi/10.1257/jep.24.2.109 |journal=[[Journal of Economic Perspectives]] |language=en |volume=24 |issue=2 |pages=109–128 |doi=10.1257/jep.24.2.109 |issn=0895-3309 |s2cid=51730381}}</ref> and Sara Fisher Ellison, also an economist at MIT.<ref>{{Cite web |last=O'Keefe|first=Mary|title=Newton North Math Prize shout-out! |url=http://mathprizeforgirlscommunity.blogspot.com/2012/08/ |access-date=2022-11-13 |website=Math Prize for Girls Community |language=en}}</ref><ref>{{Cite web |title=Sara Fisher Ellison {{!}} MIT Economics |url=https://economics.mit.edu/people/faculty/sara-fisher-ellison |access-date=2022-11-14 |website=economics.mit.edu}}</ref> As a high school student, she attended [[Newton North High School]] and represented the US in the 2011 [[International Linguistics Olympiad#IOL 2011|International Linguistics Olympiad]].<ref>{{Cite web |title=International Linguistics Olympiad participants, 2011 |url=https://ioling.org/participants/2011 |access-date=2022-11-13 |language=en}}</ref><ref>{{Cite web |date=2011-11-03 |title=Whiz Kid: Newton North Student Takes on World Competition |url=https://patch.com/massachusetts/newton/whiz-kid-newton-north-student-takes-on-world-competition |access-date=2022-11-15 |website=Newton, MA Patch |language=en}}</ref><ref>{{cite web |last1=O'Keefe |first1=Mary |title=Math and linguistics? Yes, indeed! |url=http://mathprizeforgirlscommunity.blogspot.com/2011/11/math-and-linguistics-yes-indeed.html |website=Math Prize for Girls Community |access-date=16 November 2022 |language=en}}</ref> Ellison graduated from [[Stanford University]] in 2016 with a bachelor's degree in mathematics.<ref name=":1">{{Cite web |last=Butcher |first=Sarah |date=2022-11-10 |title=CEO of Alameda Research is a 28-year-old Harry Potter fan |url=https://www.efinancialcareers.com/news/2022/11/caroline-ellison-alameda-research-ftx-sam-bankman-fried |access-date=2022-11-12 |website=eFinancialCareers |language=en}}</ref> |
Ellison is the jewish daughter of [[Glenn Ellison]], the Gregory K. Palm (1970) Professor of Economics at MIT, who coached her math team as a middle schooler,<ref>{{Cite web |title=MIT SHASS: News - 2013 - MIT economist Ellison's Hard Math books inspire young students |url=https://shass.mit.edu/news/news-2013-mit-economist-ellisons-hard-math-books-inspire-young-students |access-date=2022-11-13 |website=[[MIT School of Humanities, Arts, and Social Sciences]]}}</ref><ref>{{Cite journal |last1=Ellison |first1=Glenn |author-link=Glenn Ellison |last2=Swanson |first2=Ashley |date=2010-05-01 |title=The Gender Gap in Secondary School Mathematics at High Achievement Levels: Evidence from the American Mathematics Competitions |url=https://pubs.aeaweb.org/doi/10.1257/jep.24.2.109 |journal=[[Journal of Economic Perspectives]] |language=en |volume=24 |issue=2 |pages=109–128 |doi=10.1257/jep.24.2.109 |issn=0895-3309 |s2cid=51730381}}</ref> and Sara Fisher Ellison, also an economist at MIT.<ref>{{Cite web |last=O'Keefe|first=Mary|title=Newton North Math Prize shout-out! |url=http://mathprizeforgirlscommunity.blogspot.com/2012/08/ |access-date=2022-11-13 |website=Math Prize for Girls Community |language=en}}</ref><ref>{{Cite web |title=Sara Fisher Ellison {{!}} MIT Economics |url=https://economics.mit.edu/people/faculty/sara-fisher-ellison |access-date=2022-11-14 |website=economics.mit.edu}}</ref> As a high school student, she attended [[Newton North High School]] and represented the US in the 2011 [[International Linguistics Olympiad#IOL 2011|International Linguistics Olympiad]].<ref>{{Cite web |title=International Linguistics Olympiad participants, 2011 |url=https://ioling.org/participants/2011 |access-date=2022-11-13 |language=en}}</ref><ref>{{Cite web |date=2011-11-03 |title=Whiz Kid: Newton North Student Takes on World Competition |url=https://patch.com/massachusetts/newton/whiz-kid-newton-north-student-takes-on-world-competition |access-date=2022-11-15 |website=Newton, MA Patch |language=en}}</ref><ref>{{cite web |last1=O'Keefe |first1=Mary |title=Math and linguistics? Yes, indeed! |url=http://mathprizeforgirlscommunity.blogspot.com/2011/11/math-and-linguistics-yes-indeed.html |website=Math Prize for Girls Community |access-date=16 November 2022 |language=en}}</ref> Ellison graduated from [[Stanford University]] in 2016 with a bachelor's degree in mathematics.<ref name=":1">{{Cite web |last=Butcher |first=Sarah |date=2022-11-10 |title=CEO of Alameda Research is a 28-year-old Harry Potter fan |url=https://www.efinancialcareers.com/news/2022/11/caroline-ellison-alameda-research-ftx-sam-bankman-fried |access-date=2022-11-12 |website=eFinancialCareers |language=en}}</ref> |
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== Career == |
== Career == |
Revision as of 11:43, 18 November 2022
This article is about a person involved in a current event. Information may change rapidly as the event progresses, and initial news reports may be unreliable. The last updates to this article may not reflect the most current information. (November 2022) |
Caroline Ellison (born 1994)[1] is an American business executive. She is the CEO of Alameda Research, a quantitative trading firm founded by Sam Bankman-Fried.[2] According to an anonymous source cited by the Wall Street Journal in November 2022, Alameda Research owed $10 billion to cryptocurrency exchange FTX. The source said FTX had lent the trading firm money from customer funds at FTX.[3][4][2]
Early life and education
Ellison is the jewish daughter of Glenn Ellison, the Gregory K. Palm (1970) Professor of Economics at MIT, who coached her math team as a middle schooler,[5][6] and Sara Fisher Ellison, also an economist at MIT.[7][8] As a high school student, she attended Newton North High School and represented the US in the 2011 International Linguistics Olympiad.[9][10][11] Ellison graduated from Stanford University in 2016 with a bachelor's degree in mathematics.[12]
Career
After graduation, Ellison worked for the quantitative trading firm Jane Street where she met Sam Bankman-Fried.[2] Ellison spent 19 months as a junior trader at Jane Street.[12] She then moved to Alameda Research in March 2018.[12]
Ellison became the sole CEO of Alameda Research in August 2022 after her co-CEO Sam Trabucco stepped down.[13][14]
Ellison donated money to the FTX Future Fund to fund philanthropic endeavors following the principles of effective altruism.[15]
On 6 November 2022, after CoinDesk raised serious concerns about the balance sheet of Alameda Research and its relationship with FTX, Ellison said that the balance sheet information that had been circulating included only some of Alameda's assets, and that the firm had more than $10 billion of additional assets.[16][17] According to anonymous sources cited by the Wall Street Journal and The New York Times, Ellison was on a video meeting with employees on 9 November 2022 where she admitted that FTX used customer money to help Alameda meet its liabilities and that she, Bankman-Fried, and two other FTX executives, Nishad Singh and Gary Wang, were aware of this.[18][19]
References
- ^ "Webb-site Who's Who: positions of Ellison, Caroline (1994-11)". Webb-site Who's Who. Retrieved 16 November 2022.
- ^ a b c Vicky Ge Huang; Alexander Osipovich; Patricia Kowsmann (11 November 2022). "FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall". The Wall Street Journal. ISSN 0099-9660. Wikidata Q115175398. Retrieved 12 November 2022.
- ^ Wang, Tracy (11 November 2022). "Sam Bankman-Fried's crypto empire 'was run by a gang of kids in the Bahamas'". Fortune. Retrieved 12 November 2022.
- ^ Clark, Mitchell (10 November 2022). "FTX reportedly used $10 billion of customer funds to prop up its owner's trading firm". The Verge. Retrieved 12 November 2022.
- ^ "MIT SHASS: News - 2013 - MIT economist Ellison's Hard Math books inspire young students". MIT School of Humanities, Arts, and Social Sciences. Retrieved 13 November 2022.
- ^ Ellison, Glenn; Swanson, Ashley (1 May 2010). "The Gender Gap in Secondary School Mathematics at High Achievement Levels: Evidence from the American Mathematics Competitions". Journal of Economic Perspectives. 24 (2): 109–128. doi:10.1257/jep.24.2.109. ISSN 0895-3309. S2CID 51730381.
- ^ O'Keefe, Mary. "Newton North Math Prize shout-out!". Math Prize for Girls Community. Retrieved 13 November 2022.
- ^ "Sara Fisher Ellison | MIT Economics". economics.mit.edu. Retrieved 14 November 2022.
- ^ "International Linguistics Olympiad participants, 2011". Retrieved 13 November 2022.
- ^ "Whiz Kid: Newton North Student Takes on World Competition". Newton, MA Patch. 3 November 2011. Retrieved 15 November 2022.
- ^ O'Keefe, Mary. "Math and linguistics? Yes, indeed!". Math Prize for Girls Community. Retrieved 16 November 2022.
- ^ a b c Butcher, Sarah (10 November 2022). "CEO of Alameda Research is a 28-year-old Harry Potter fan". eFinancialCareers. Retrieved 12 November 2022.
- ^ "Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head". Cointelegraph. Retrieved 13 November 2022.
- ^ Miller, Hannah (24 August 2022). "Alameda Co-CEO Trabucco Steps Down From Crypto Trading Firm". Bloomberg News. Retrieved 15 November 2022.
- ^ Albrecht, Leslie (11 November 2022). "Sam Bankman-Fried's philanthropic fund halts donations amid FTX collapse and 'questions about legitimacy'". MarketWatch. Retrieved 12 November 2022.
- ^ Lang, Hannah (8 November 2022). "How Binance's plan to buy FTX unfolded in a matter of days". Reuters. Retrieved 12 November 2022.
- ^ Sigalos, MacKenzie (10 November 2022). "Crypto billionaire Sam Bankman-Fried blames himself for FTX's collapse, admits he 'f---ed up'". CNBC. Retrieved 12 November 2022.
- ^ Dave Michaels; Elaine Yu; Caitlin Ostroff (12 November 2022). "Alameda, FTX Executives Are Said to Have Known FTX Was Using Customer Funds". The Wall Street Journal. ISSN 0099-9660. Wikidata Q115184709. Retrieved 14 November 2022.
- ^ Yaffe-Bellany, David (14 November 2022). "How Sam Bankman-Fried's Crypto Empire Collapsed". The New York Times. Retrieved 14 November 2022.
- Current events from November 2022
- Living people
- American chief executives
- People associated with cryptocurrency
- People associated with effective altruism
- Stanford University alumni
- American women chief executives
- 1994 births
- Newton North High School alumni
- Polyamorous people
- American expatriates in the Bahamas
- Jane Street Capital people