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Opinion Inside View: Who Killed Silicon Valley Bank?
- carride 4y agoWas there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they also have “1 Black,” “1 LGBTQ+” and “2 Veterans.” I’m not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.
- carride 4y agoSurprisingly the WSJ felt it was fine to publish this opinion piece