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What upsets me the most is that the execs gave themselves bonuses in to their personal FDIC insured accounts, essentially writing a bad check for free bailout m
by fswd 4y ago
What upsets me the most is that the execs gave themselves bonuses in to their personal FDIC insured accounts, essentially writing a bad check for free bailout money, after the bank went negative.
- rybosworld 4y agoSource?
- op00to 4y agoSVB had a bonus schedule like every other company, and paid out those bonuses to all eligible employees. The payments were for work done in 2022. There is literally nothing to see here. https://www.cnbctv18.com/market/silicon-valley-bank-employees-bonuses-just-hours-before-government-takeover-report-16145921.htm https://www.cnbctv18.com/market/silicon-valley-bank-employee...