Business sexual misconduct

Jeffrey Epstein demonstrates how capitalism rewards malign actors

Financier Jeffrey Epstein
Illustration: Sarah Grillo/Axios

In reporting on Jeffrey Epstein I've been able to speak to a few different people who had firsthand experiences with him. (I also reported this week on how he managed to circumvent Harvard's rule against accepting money from him.) Common threads include his easy charm and the way in which he went out of his way to show concern for others.

Why it matters: Epstein is an extreme case, but charming sociopaths in general tend to do very well in business.

MIT Media Lab director resigns over financial ties to Jeffrey Epstein

Joi Ito and Reid Hoffman
Joi Ito and Reid Hoffman. Photo: Phillip Faraone/Getty Images for WIRED25

Dozens of rich and influential men surrounded Jeffrey Epstein. They knew that what they were doing was wrong. That's why they were so secretive about it.

Driving the news: In the aftermath of a blockbuster report from The New Yorker's Ronan Farrow — which details that MIT Media Lab's director Joi Ito flew to Epstein's private island twice and accepted more than $8 million of donations from him — Ito resigned on Saturday from MIT Media Lab, left his board seat with the New York Times Company, and resigned from the MacArthur Foundation.