4 ms·
Q1 is a common time to pay out last year's bonuses. And TBH, I don't think most of the bank workers share any blame for SVB collapse, and they did work the whol
by smsm42 4y ago
Q1 is a common time to pay out last year's bonuses. And TBH, I don't think most of the bank workers share any blame for SVB collapse, and they did work the whole 2022 so I don't think it would be fair for them not to get the bonuses they earned. And given that they'll find themselves out of a job very soon, I don't think it's a bad thing - at least they have some cushion while they're looking for the next job. I mean, if we're talking about C* suite, they probably didn't really deserve any bonus, but if we're looking at line workers in the branches, it's not their fault somebody made mistake with investments.