A space for sharing and discussing news related to global current events, technology, and society.
69462 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
A space for sharing and discussing news related to global current events, technology, and society.
69462 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
Relevant
Hot
New
Spam
Relevant
Hot
New
Spam
86
32K
86
32K
This is probably right behind Enron in terms of bank failures. The tech sector already has been hit hard lately, and now this?!
This is probably right behind Enron in terms of bank failures. The tech sector already has been hit hard lately, and now this?!
Two of Silicon Valley Bank’s top chiefs dumped millions of dollars worth of stock just two weeks before the firm collapsed Friday, records show. CEO Greg Becker offloaded over $3.5 million worth of stocks — which amounted to nearly 12,500 shares — in a pre-planned, automated sell-off on Feb. 27, according to a US Securities and Exchange Commission filing. That same day, the bank’s third-in-command CFO Daniel Beck sold $575,180 in stocks, Newsweek reported.
Two of Silicon Valley Bank’s top chiefs dumped millions of dollars worth of stock just two weeks before the firm collapsed Friday, records show. CEO Greg Becker offloaded over $3.5 million worth of stocks — which amounted to nearly 12,500 shares — in a pre-planned, automated sell-off on Feb. 27, according to a US Securities and Exchange Commission filing. That same day, the bank’s third-in-command CFO Daniel Beck sold $575,180 in stocks, Newsweek reported.
Some low-ranking comments may have been hidden.
Some low-ranking comments may have been hidden.