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Some of the work they did in 2022 and before likely contributed to them being unable to handle this risk, so why should the be rewarded for running this bank in
by phone8675309 4y ago
Some of the work they did in 2022 and before likely contributed to them being unable to handle this risk, so why should the be rewarded for running this bank into the ground before depositors and other creditors are made whole?
- lukeschlather 4y agoThis doesn't say "executive bonuses." I would not be surprised if SVB employs customer service teller-type-people making $60k/year with an annual $5k bonus, and this headline would be consistent with such people getting their scheduled bonuses paid on time. The headline says nothing about what the compensation level or responsibility of the people getting paid bonuses was.