We're Breeding Generations of Little Tyrants

Sam Bankman-Fried, the former CEO and founder of cryptocurrency exchange FTX, was convicted Thursday following a trial for criminal fraud and conspiracy. Bankman-Fried was accused of bilking investors out of billions of dollars when his company spectacularly collapsed.

While WeWork's founder, Adam Neumann, isn't looking at doing time in Club Fed, he became notorious for his wretched excesses — multimillion-dollar spending sprees, acquisition of luxury properties, private jets, alcohol and drug abuse and abysmal treatment of employees. Meanwhile, billions of dollars in third-party investments were squandered.

Holmes tried to use this dodge when "Mad Money"'s Jim Cramer asked about the allegations in John Carreyrou's pivotal exposé. "This is what happens when you work to change things," she purred. "First they think you're crazy, then they fight you, and then all of a sudden you change the world." Sam Bankman-Fried's emails and conversations with Caroline Ellison reveal it. So did Elizabeth Holmes' hiring of high-powered lawyer David Boies, who threatened WSJ owner Rupert Murdoch with a defamation lawsuit and demanded that he pull reporter Carreyrou off the Theranos story.

Worst of all, multiple generations of our best-educated have been indoctrinated to believe that their moral superiority puts them above laws, above knowledge of history, even above principles.

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