Silicon Valley Bank’s Bankruptcy: Executives Escape While Employees Suffer

“Employees suffer the consequences, executives go quietly off into the sunset…” “When you put other people’s money and the economy as a whole at risk, you have to be held accountable for such a level of mismanagement…” The American senators who auditioned in mid-May Greg Becker, the former director of Silicon Valley Bank (SVB), did not take gloves to express their anger towards the one who supervised the Californian bank, went bankrupt in mid-March.

One of the parliamentarians even wondered if the former banker was “stupid to the core” or if greed had made him irresponsible.

The anger of elected officials is exacerbated by the fact that Greg Becker had sold for…