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magenta_placenta t1_jcybaah wrote
Reply to SVB blames remote work for bank failure by Loud_Adagio2222
How about the SVB CEO lobbying to reduce risk regulations:
https://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb
Or SVB executives mass dumping their shares 2 weeks before collapse:
https://www.newsweek.com/silicon-valley-bank-ceo-sold-million-stock-before-collapse-1787062
Or SVB executives getting millions in bonuses hours before takeover:
https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html
As always, the shit rolls downhill. Tired of this clown world yet?
But nah, it's definitely remote work's fault. Weak risk management is solved by c o l l a b o r a t i o n.