John Ray III is a lawyer by profession and has 40 years of experience in legal restructuring. His typical clients are companies which have gone bankrupt, where he steps in as the new CEO to salve whatever obligations that can still be met.
His claim to fame was the Enron case where the lawyer was hired to oversee the liquidation after an accounting scandal at the energy giant drove share prices from $90.75 to less than $1.
Late last year, he stepped in as the CEO of a high profile tech company involved in fraud, which he called ‘worse than Enron’.
Which company is he the current CEO of?