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> Did Peter Thiel try to safeguard his companies' bank positions? Yes, so they can make payroll and operate. Seriously, if I was a CEO trying to make payroll r
by twblalock 4y ago
> Did Peter Thiel try to safeguard his companies' bank positions? Yes, so they can make payroll and operate.
Seriously, if I was a CEO trying to make payroll right now and I found out a board member knew my bank was screwed and didn't try to help me, I'd be working on a lawsuit.
Thiel did his duty as a board member and investor. He should not be blamed for acting rationally. The bank should be blamed for making a run the only rational choice.