I’m Emma from the Communications team at the Centre for Effective Altruism (CEA). I want to flag a few media items related to EA that have come out recently or will be coming out soon, given they’ll touch on topics—like FTX—that I expect will be of interest to Forum readers.
- The CEO of CEA, @Zachary Robinson, wrote an op-ed that came out today addressing Sam Bankman-Fried and the continuing value of EA. (Read here)
- @William_MacAskill will appear on two podcasts and will discuss FTX: Clearer Thinking with Spencer Greenberg and the Making Sense Podcast with Sam Harris.
- The podcast episode with Sam Harris will likely be released next week and is aimed at a general audience.
- Update on April 1: this episode is now available for listening here.
- The podcast episode with Spencer Greenberg will likely be released in two weeks and is aimed at people more familiar with the EA movement.
- Update on April 16: this episode is now available for listening here. (A linkpost from the host, Spencer Greenberg, is also here.)
- The podcast episode with Sam Harris will likely be released next week and is aimed at a general audience.
I’ll add links for these episodes once they become available and plan to update this post as needed.
I have the opposite reaction.
Background
To recap, Zach wrote about four months ago:
The information released from the investigation in this statement is exceedingly narrow -- we didn't have actual knowledge of SBF's criminal fraud. That's an exceedingly low bar to meet! That EVF won't be joining SBF on his Club Fed vacation is an awfully slender reed to talk about "justified trust."
General Reaction to Scope of Disclosure (and Likelihood of Possible Inferences)
Is there anything else that has been "credibly signal[ed]" through the investigation process? (quoting Owen's earlier comment). Although I am aware of the reasons to maintain legal privileges, the choice to do so does little to persuade that this is a world in which EVF has "nothing to hide compared to [one in which it] wanted to hide something" (quoting same comment). Indeed, worlds in which the investigation sponsor chooses to hide behind privilege as to all but one (or a few) of the report's ultimate conclusions seem very likely to be worlds in which there the sponsor "wanted to hide something." And the choice to exclude certain important questions from the investigation's scope would update me toward the view that the investigation sponsor didn't want to find out the answers or strongly suspected they would be unflattering.
If Mintz had concluded that there was no negligence or recklessness in relation to EVF's interactions with SBF, I am guessing that conclusion would have been disclosed! Likewise, if I wanted to convey to the CC that I was a trustworthy public charity, I would release a whole lot more than "no actual knowledge of a massive fraud" if I could do so.
Reacting to the Positive View of the Investigation
But fear based on what an investigation would turn up only makes sense if you were concerned that the negative results would get out. So I think this is only correct insofar as those conducting the investigation were confident that it would find no actual knowledge of the criminal fraud.
But the number of people who would see the investigation report could be extremely limited. Presumably access to the report itself is extremely limited, given the rationale about not waiving privileges and protecting sources who spoke to the investigative firm. Outside counsel can't leak without counsel surrendering his law license, incurring massive liability, and watching his business crumble. It's plausible to me that no more than 10-15 people at EVF have seen the full report, and that these people are almost all insiders who are rather unlikely to leak.
How The Investigation Could Have Actually Rebuilt Lost Trust and Confidence
There was a more transparent / credible way to do this. EVF could have released, in advance, an appropriate range of specific questions upon which the external investigator was being asked to make findings of fact -- as well as a set of possible responses (on a scale of "investigation rules this out with very high confidence" to "investigation shows this is almost certain"). For example -- and these would probably have several subquestions each -- one could announce in advance that the following questions were in scope and that the investigator had committed to providing specific answers:
That kind of pre-commitment would have updated my faith in the process, and my confidence that the investigation reached all important topics. If EVF chose not to release the answers to those questions, it would have known that we could easily draw the appropriate inferences. Under those circumstances -- but not the actual circumstances -- I would view willingness to investigate as a valuable signal.