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SVB Securities' CAO served as the CFO for Lehman Brothers' Investment Bank
- djmips 4y agoSo what I say. These things aren't one guy. Lots of people end up on multiple failed teams but you can't say they are bad luck and very rarely that they caused it somehow. So this by fact by itself is meaningless.
- Grimburger 4y agoThere's a very big difference between a "failed team" and being the CFO leading up to the biggest bank failure in history. Why even have Chief X Officers if the responsibility doesn't ultimately fall upon them?
- rcme 4y agoI don’t think it’s meaningless. Have you ever gone to a job interview and gotten decline purely because your personality didn’t match with the interviewer? Similarly, have you ever had a great interview because you and the interviewer shared a common world view? A certain type of person likes this guy. This guy also hires certain types of people. The results seem predictable?
- bluefirebrand 4y agoThis is termed as the "culture fit" in modern interviews, I think.
- djmips 4y agoDangerously close to a dog whistle there...
- boojums 4y agoWould you mind explaining how the comment was "dangerously close" to a dog whistle?
- qikInNdOutReply 4y agoDang used to call people out for ambiguity as flamewar incitement
- dahdum 4y agoI’d like to agree, and I do in principle, but isn’t the CFO role kind of important for an investment bank? Like, maybe there should be some culpability considering Lehman’s shenanigans didn’t suddenly start when he left. The house of cards collapsed a year later, but he was a key architect. He was just the CAO at SVB though, not sure how responsible he could be. He doesn’t make the key executives lists and I couldn’t find his compensation.