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Permanut

(5,438 posts)
Mon Mar 13, 2023, 02:36 PM Mar 2023

SVB President and CEO Greg Becker received almost $10 million in total compensation for 2021..



As President & Chief Executive Officer at SVB FINANCIAL GROUP, Greg Becker made $9,922,132 in total compensation. Of this total $1,040,385 was received as a salary, $3,000,000 was received as a bonus, $1,622,657 was received in stock options, $4,238,529 was awarded as stock and $20,561 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.

[link:https://www1.salary.com/Greg-Becker-Salary-Bonus-Stock-Options-for-SVB-FINANCIAL-GROUP.html|

Worked out really well for him.
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SVB President and CEO Greg Becker received almost $10 million in total compensation for 2021.. (Original Post) Permanut Mar 2023 OP
Even if he is fired I suspect he has a golden parachute that will walkingman Mar 2023 #1
He will parachute onto another board and be a Captain Zero Mar 2023 #2
He will parachute onto another board and be a Captain Zero Mar 2023 #3
"for 2021" brooklynite Mar 2023 #4
Eliminating Dodd-Frank in 2018.. Permanut Mar 2023 #5
No, rather the opposite. Igel Mar 2023 #6
I'll go with Senator Elizabeth Warren on this one.. Permanut Mar 2023 #7
Bankers' salaries should be commensurate with the salaries they pay their tellers. Samrob Mar 2023 #8

walkingman

(7,511 posts)
1. Even if he is fired I suspect he has a golden parachute that will
Mon Mar 13, 2023, 02:57 PM
Mar 2023

give him millions. We have basically removed all risk of capitalism for the rich and well connected so they can make money hand over fist during bull runs and be bailed out during the business cycle correction phase.

What can we do about it.....not a damn thing.

Captain Zero

(6,714 posts)
2. He will parachute onto another board and be a
Mon Mar 13, 2023, 03:00 PM
Mar 2023

Consultant for a while.

After that he's back to VP and CEO positions.
Lather, rinse, repeat.

Captain Zero

(6,714 posts)
3. He will parachute onto another board and be a
Mon Mar 13, 2023, 03:08 PM
Mar 2023

Consultant for a while.

After that he's back to VP and CEO positions.
Lather, rinse, repeat.

Permanut

(5,438 posts)
5. Eliminating Dodd-Frank in 2018..
Mon Mar 13, 2023, 03:45 PM
Mar 2023

Resulted in increasing the asset threshold for “systemically important financial institutions” or, “SIFIs,” from $50 billion to $250 billion.

The risk and exposure associated with all banks in that size range increased at that time. SVB is one of those banks. That alone does not equate to specific failures, but this one apparently would occur differently under Dodd-Frank.

Igel

(35,197 posts)
6. No, rather the opposite.
Mon Mar 13, 2023, 03:47 PM
Mar 2023
https://ycharts.com/companies/SIVB/assets and make sure it's the 5-year dataset.

In 1 year it went from $115 billion to $215 billion. And it was in the black for the year. That's not too shabby, to be honest.

Yet at the end of 2022 it had $19 billion in unrealized assets. It was bad investment strategies, overinvestment in bonds but only bad in the novel (for many) age of higher interest rates.

Permanut

(5,438 posts)
7. I'll go with Senator Elizabeth Warren on this one..
Mon Mar 13, 2023, 04:40 PM
Mar 2023


"Had Congress and the Federal Reserve not rolled back the stricter oversight," Warren said, Silicon Valley Bank "would have been subject to stronger liquidity and capital requirements to withstand financial shocks."

Samrob

(4,298 posts)
8. Bankers' salaries should be commensurate with the salaries they pay their tellers.
Mon Mar 13, 2023, 04:43 PM
Mar 2023

What do bankers do to earn such salaries?

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