I'm just curious, who was running the investment / risk team at SVB and why should they get a pass for doing such a terrible job?
Not sure how they're getting a pass.
I suppose it's possible there could be a shareholder suit against them. That would be interesting.
Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.
“The phrase ‘you can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.
“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”
Her efforts as the company’s European LGBTQIA+ Employee Resource Group co-chair earned her a spot on SVB’s “outstanding LGBT+ Role Model Lists 2022,” a list shared in a company post just four months before the bank was shut down by federal authorities over liquidity fears.
[0] https://nypost.com/2023/03/11/silicon-valley-bank-pushed-wok...
If I had a major fuckup at my job and then someone dug up how my job talked about me running a board game group at lunch at work, would you be pulling quotes about how my love of Illimat and The Crew was a sign that my company was negligent?
I mean would you say the same of S.B.F of FTX who was playing league of legends while on the clock?
If everything were running smoothly there would be no reason to look. But if mistakes are getting made while on the job, could it be because an individual is doing more than the job description?