SVB Securities' CAO served as the CFO for Lehman Brothers' Investment Bank

svbsecurities.com

37 points·voytec··8 comments

So what I say. These things aren't one guy. Lots of people end up on multiple failed teams but you can't say they are bad luck and very rarely that they caused it somehow. So this by fact by itself is meaningless.

I don’t think it’s meaningless. Have you ever gone to a job interview and gotten decline purely because your personality didn’t match with the interviewer? Similarly, have you ever had a great interview because you and the interviewer shared a common world view?

A certain type of person likes this guy. This guy also hires certain types of people. The results seem predictable?

This is termed as the "culture fit" in modern interviews, I think.

Dangerously close to a dog whistle there...

Would you mind explaining how the comment was "dangerously close" to a dog whistle?

Dang used to call people out for ambiguity as flamewar incitement

I’d like to agree, and I do in principle, but isn’t the CFO role kind of important for an investment bank? Like, maybe there should be some culpability considering Lehman’s shenanigans didn’t suddenly start when he left. The house of cards collapsed a year later, but he was a key architect.

He was just the CAO at SVB though, not sure how responsible he could be. He doesn’t make the key executives lists and I couldn’t find his compensation.

There's a very big difference between a "failed team" and being the CFO leading up to the biggest bank failure in history.

Why even have Chief X Officers if the responsibility doesn't ultimately fall upon them?

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