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CEO of failed Silicon Valley Bank no longer a director at SF Fed
- givemeethekeys 4y agoRough week. Everyone's trying to get as far away from him as possible. He'll be okay though. More time for golfing.
- ryandrake 4y agoPeople this high up on the totem pole never face consequences and almost always fail upward. He'll be back to CEO of an even bigger company soon enough making $millions again.
- kqr2 4y agoI think he prefers cycling: https://www.netinterest.co/p/the-demise-of-silicon-valley-bank https://www.netinterest.co/p/the-demise-of-silicon-valley-ba... “When you’re not working, what do you do to de-stress?” That was the last question Greg Becker, CEO of Silicon Valley Bank, fielded at an investor conference on Tuesday this week. “Cycling is my advice,” he replied. “Living in Northern California and being on the peninsula. That’s just—I think it’s the best bike-riding cycling in the world, period.” Three days later, Becker’s bank is in receivership
- corbulo 4y agocoincidence? I think not
- breck 4y agohttps://archive.vn/o5ClM https://archive.vn/o5ClM It's a short note. Full text: March 10 (Reuters) - The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco, a spokesperson for the regional Fed bank said on Friday. Becker's departure was effective on Friday, the spokesperson said. Earlier on Friday, Silicon Valley Bank was closed by regulators.
- 0xB31B1B 4y agoThis is normal. The CEOs of major regional banks are required by law/regulation to be a director at the regional fed. As he is no longer CEO of a regional bank (it no longer exists) he no longer has the seat.