It means when the CRO left, the bank would have had to immediately appoint someone else into the position. Which all banks should be prepared to do. That is bas

It means when the CRO left, the bank would have had to immediately appoint someone else into the position. Which all banks should be prepared to do. That is basic succession planning. What is especially ridiculous with SVB is the CEO made the CRO give up the position and remained employed there for several more months. This wasn’t a surprise. The CEO forced the resignation on the CEO’s schedule with no successor in the wings.