@RollingStone @vivienhessel What if the bailees are the small startups that are now without funds for their next payroll? You could ensure that their employees got paid & innovation continues. And not bailout SVB, its management, or shareholders.
(SVB paid bonuses to management in the days and hours before failure. Some went to deserving SVB assocs. But it’s hard to claw back management’s, so just let them fail since a good portion of management’s wealth is tied up in SVB.)
(SVB paid bonuses to management in the days and hours before failure. Some went to deserving SVB assocs. But it’s hard to claw back management’s, so just let them fail since a good portion of management’s wealth is tied up in SVB.)