{"id":1191016,"date":"2023-03-11T12:10:04","date_gmt":"2023-03-11T17:10:04","guid":{"rendered":"https:\/\/bugaluu.com\/news\/what-did-these-3-svb-execs-know\/1191016\/"},"modified":"2023-03-11T12:10:04","modified_gmt":"2023-03-11T17:10:04","slug":"what-did-these-3-svb-execs-know","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/what-did-these-3-svb-execs-know\/1191016\/","title":{"rendered":"What Did These 3 SVB Execs Know?"},"content":{"rendered":"
\"\"<\/a><\/div>\n

What Did These 3 SVB Execs Know?<\/span><\/p>\n

\n

As lines (real and virtual) full of anxious depositors grew last week outside of Silicon Valley Bank branches around the world, and reassurances of “liquidity” were gushed from the C-Suite, three individuals within the firm were perhaps less troubled than those seeking their hard-earned cash back from the soon-to-be-failed bank.<\/p>\n

12 days ago (on Feb 27th), Gregory Becker, the CEO of Silicon Valley Bank, sold $3.6 million worth (11%) of his shares<\/strong>…<\/p>\n<\/p>\n

Daniel Beck, the CFO, sold 32% (around $600,000) of his holdings<\/strong>…<\/p>\n

<\/a><\/p>\n

And finally, CMO Michelle Draper sold 28%<\/strong>…<\/p>\n

\"\"<\/a><\/p>\n

Notice that none of them had sold anything sizable for a year or so before this most recent (pre-collapse) sale (so it is a stretch to call this a pre-planned sale).<\/p>\n

Additionally, Silicon Valley Bank on Friday paid out annual bonuses to eligible U.S. employees, just hours before the\u00a0bank was seized<\/strong>\u00a0by the U.S. government, Axios has learned from multiple sources<\/a>.<\/p>\n

But hey, we are sure it’s probably nothing to worry about, right?<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 03\/11\/2023 – 16:00<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What Did These 3 SVB Execs Know? As lines (real and virtual) full of anxious depositors grew last week outside of Silicon Valley Bank branches…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1191016","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1191016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1191016"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1191016\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1191016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1191016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1191016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}