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Revision as of 21:52, 7 September 2023

American businessman
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A fraudster stole Farah Ibrahim's channel Garlinghouse


Garlinghouse
BornBradley Kent Garlinghouse
(1971-02-06) February 6, 1971 (age 53)
Topeka, Kansas
NationalityAmerican
Alma materUniversity of Kansas
Harvard Business School
OccupationCEO Ripple Labs (2015-)

Bradley Kent Garlinghouse (born February 4, 1971) is the CEO of financial technology company Ripple Labs. He previously was the CEO and chairman of Hightail (formerly YouSendIt). Before Hightail, he worked at AOL and Yahoo!

He was born February 6, 1971, in Topeka, Kansas. Garlinghouse has a BA in economics from the University of Kansas and an MBA from Harvard Business School.

Career

Garlinghouse had early stints at @Home Network and as a GP at @Ventures before joining Dialpad as CEO from 2000 to 2001. From 2003 to 2008, he served as Senior Vice President at Yahoo! where he ran its Homepage, Flickr, Yahoo! Mail, and Yahoo! Messenger divisions. While at Yahoo! he penned an internal memo known as the "Peanut Butter Manifesto," calling for the company to focus on its core business, rather than spreading itself too thin, like peanut butter.

After Yahoo!, he served as a Senior Advisor at Silver Lake Partners, and then went on to be President of Consumer Applications at AOL from 2009 to 2011. He joined Hightail and served as its CEO until September 2014, leaving after a disagreement with the board regarding company direction.

Garlinghouse previously held board positions at Animoto.

Garlinghouse joined Ripple as COO in April 2015, reporting to then CEO and co-founder Chris Larsen. He was promoted to CEO in December 2016.

In December 2019, Garlinghouse announced that Ripple had raised a $200M series C funding round from Tetragon, SBI Ventures and Route 66 Ventures. In 2020 Garlinghouse admitted that Ripple Labs would be losing money if it did not have the revenue generated from the sales of the XRP cryptocurrency.

In 2018 and 2019, Garlinghouse claimed on multiple occasions that the published error rate for SWIFT messaging was at least 6%. This was shown to be untrue by research published by the London School of Economics Business Review that showed Garlinghouse's claims were based on misreading of a paper published by SWIFT that did not refer to error rates in messaging.

Garlinghouse has been personally named in a group of class actions, notably Zakinov v. Ripple Labs Inc. (case number 18-6753), running since 2018 that claim Garlinghouse and his employers, Ripple Labs Inc. have been in breach of various California and Federal securities laws. He was also a party to Bitcoin Manipulation Abatement LLC v. Ripple Labs Inc., which was administratively closed with reference to case 18-6753 previously mentioned.

The whitewashing of unflattering details from this Misplaced Pages page was a subject of discussion by Financial Times in August 2020.

On December 23, 2020, the U.S. Securities and Exchange Commission (SEC) issued a complaint alleging that Garlinghouse, Ripple Labs and Ripple Chairman Chris Larsen had committed multiple breaches of securities laws. In July 2023, a federal court held that the company's crypto token offering was "not a security", enabling the token to be relisted on exchanges.

References

  1. "Story Details - Alumni - Harvard Business School". www.alumni.hbs.edu. March 2011. Retrieved 2020-05-12.
  2. "Brad K Garlinghouse, Ripple Labs Inc: Profile and Biography". Bloomberg.com.
  3. Catone, Josh (13 September 2009). "Is Facebook Like Google, or More Like Yahoo?". Mashable. Retrieved 2020-05-12.
  4. "Yahoo Memo: The 'Peanut Butter Manifesto'". The Wall Street Journal. November 18, 2006.
  5. Delaney, Kevin J. (November 18, 2006). "As Yahoo Falters, Executive's Memo Calls for Overhaul '". The Wall Street Journal.
  6. "Why brad garlinghouse left hightail". vox.com. 12 September 2014. Retrieved 2020-07-19.
  7. "Now At 4M Users, Video Startup Animoto Adds Former Aol/Yahoo Exec Brad Garlinghouse To Board". TechCrunch. 10 April 2012. Retrieved 2020-04-18.
  8. "Brad Garlinghouse takes over as CEO of payments startup Ripple". TechCrunch. November 2016. Retrieved 2020-05-12.
  9. "Ripple Raises $200 Million to Push Adoption of XRP Cryptocurrency". Fortune. Retrieved 2020-05-12.
  10. "The art of redefining success, MoneyGram and Ripple edition". FT Alphaville. 28 February 2020. Retrieved 2020-04-25.
  11. "Swiss National Bank (SNB) - Research TV". www.snb.ch. Retrieved 2020-04-25.
  12. November 4th; 2019|Finance; FinTech; Information; Technology; Comments, LSE alumni|3 (2019-11-04). "Do six per cent of financial transactions sent via the Swift system really fail?". LSE Business Review. Retrieved 2020-04-25.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. "18-6753 - Zakinov et al v. Ripple Labs, Inc. et al". U.S. Government Publishing Office. 2020-10-02. Retrieved 2020-10-23.
  14. "Bitcoin Manipulation Abatement LLC v. Ripple Labs Inc. (4:20-cv-03022)". CourtListener. 2020-05-29. Retrieved 2020-10-23. Click the "docket" tab. Note that the PACER link in this source may become free-to-access in the future, see PACER (law).
  15. Kelly, Jemima (August 24, 2020). "Who's been editing the Ripple CEO's Misplaced Pages page?". Financial Times. Archived from the original on 2020-08-24. Retrieved 2020-10-18. t's come to FT Alphaville's attention recently that some Misplaced Pages users — two in particular — have been repeatedly editing Ripple CEO Brad Garlinghouse's Misplaced Pages page to remove some less positive aspects of the entry. Specifically, these two users have been removing text under the "Controversies" section of the page, and one of them in fact removed the whole section entirely, before it was reinstated by a different Misplaced Pages editor
  16. "Complaintagainst Defendants Ripple Labs, Inc. ("Ripple"), Bradley Garlinghouse ("Garlinghouse"),and Christian A. Larsen ("Larsen" and, with Ripple and Garlinghouse, "Defendants")". SEC. Retrieved 2020-12-23.
  17. Popper, Nathaniel (22 December 2020). "Cryptocurrency Company Ripple Is Sued by S.E.C." The New York Times.
  18. Kharif, Olga; Miller, Matthew (July 14, 2023). "Ripple CEO Brad Garlinghouse Calls SEC a 'Bully' Fresh Off XRP Token Ruling" – via www.bloomberg.com.

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