Silicon Valley Bank Collapse Leaves Tech Industry Scrambling For Answers
Fun SVB Facts.
The Chief Administrative Officer of SVB was the CFO of Lehman Brothers
https://www.svbsecurities.com/team/joseph-gentile/
Prior to joining the firm in 2007, Mr. Gentile served as the CFO for Lehman Brothers’ Global Investment Bank where he directed the accounting and financial needs within the Fixed Income division.
The CEO of SVB was a director at the Fed reserve bank if San Francisco.
https://www.reuters.com/markets/us/ceo- ... 023-03-10/
In February 2023 many executives of SVB sold substantial portions of their stock in the Bank.CEO of failed Silicon Valley Bank no longer a director at San Francisco Fed
Before the collapse of Silicon Valley Bank, executives sold a lot of their shares. #SVBCollapse #SVB
Gregory Becker, CEO, sold 11% on Feb 27, 2023.
Michael Zucker, General Counsel, 19% on Feb 5.
Daniel Beck, CFO, sold 32% on Feb 27.
Michelle Draper, CMO, sold 25% on Feb 1.
https://www.youtube.com/watch?v=1lxhNMfaXUM
1lxhNMfaXUM