SVB…so shady

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Mar 12, 2023
9:57:07am

Borg Political Junky

SVB…so shady

BREAKING:
Records show that Silicon Valley Bank, $SIVB, employees received large bonuses on Friday.

These bonuses were paid just hours before regulators seized the bank.

Just 2 weeks ago, executives at SVB sold over $5 million in stock.

Hope everyone is paying attention.
— Dr. Lynn Fynn-derella🐭 (@Fynnderella1) March 11, 2023

https://twitter.com/Fynnderella1/status/1634685576677928960

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Borg

Previous username: ColoradoCoug
New username: Red Panda
Bio page: Borg
Joined: Mar 6, 2001
Last login: Jul 20, 2023
Total posts: 0 (0 FO)

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Messages

Author

Time

SVB…so shady

Borg

3/12/23 9:57am

They’ll most likely be clawed back

3/12/23 9:58am

Executive bonuses maybe. Rank and file employees, not so much

LaserCoug

3/12/23 10:25am

Someone said the bonuses were paid at the same time last year

3/12/23 10:00am

If its anything like my employer, bonuses take about a month between when they're announced and when they're paid

HuskerFan2

3/12/23 10:05am

Even well in advance the players knew the Yewt was hitting the fan

kotacoug

3/12/23 11:14am

March is a pretty common time for bonuses

novacoug1

3/12/23 11:15am

This is an annual bonus paid every yr at this time. Part of their regular comp

Tare

3/12/23 10:02am

Agree on bonuses. Need more info on stock selling

johnnybyu

3/12/23 10:04am

Agree but $5M isn’t much. Guessing it was part of a sales plan.

3/12/23 10:14am

Right which is why we need more information like how often this happens

johnnybyu

3/12/23 10:16am

Context matters.

Ron Mexico

3/12/23 10:09am

Not to folks with an axe to grind.

NorCal_Coug

3/12/23 10:17am

Failing companies shouldn't be paying bonuses, regular timing or not.

Grit for Brains

3/12/23 10:13am

What if it’s your company and you had no idea of default or failure?

Ron Mexico

3/12/23 10:16am

That depends on how the bonus program is set up

CBaass

3/12/23 10:16am

Bad timing? Lol! They knew they were going down yet they give out bonuses? Come

Jdoc

3/12/23 10:14am

This is a company with over 6000 employees. Do you know how payroll works for a

Tare

3/12/23 10:27am

I think the CFO and CEO have a responsibility to cancel said bonuses

Borg

3/12/23 10:33am

You don’t mess with earned employee payroll

Ron Mexico

3/12/23 10:37am

Payroll yes. Bonuses are not mandatory…it’s a “bonus “

Borg

3/12/23 10:47am

If it’s earned and in writing

Ron Mexico

3/12/23 10:51am

I just told you, I’ve had two companies pull them off because of a down year

Borg

3/12/23 11:36am

Almost all bonuses have an out clause. Just signed Retention bonus paperwork

LaserCoug

3/12/23 12:09pm

Does that absolve them of any accountability?

RockyBalboa

3/12/23 10:36am

💯% this.

gopman

3/12/23 1:09pm

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