Robert ReichMar 11, 2023
Gary Becker, CEO of the Silicon Valley Bank that failed Friday, sold $3.6 million of his own shares in the bank Thursday.
Show threadDana Woodman 

@rbreich correct me if I'm wrong but wasn't this a pre-planned sale filed with the SEC?

Not that these corporate CEOs aren't culpable but the details are important.

Mar 11, 2023 at 5:52pmWeb
Show threadGreg Clarke 🇨🇦 Mar 11, 2023
@danawoodman @rbreich it sounds like he insider bankrupted as opposed to insider traded. I'm sure the CEO had the power to delay the bankruptcy by a few days or weeks to ensure his prearranged trades went through.