BREAKING: Silicon Vally Bank UK handed out over $18 million in executive bonuses days after HSBC rescued it, and were not regularly scheduled, per SkyNews
March 18, 1936. Walter S. Gifford, President of AT&T, on the FCC hotseat defending his $206,000 annual salary. That's around $5 million in today's money.
chicagotribune.newspapers.co…
So withdrawing 18 million dollars for bonuses just days before the bank was rescued is ... THEFT ... the people involved should be prosecuted and made to return the money!
Making finance work for everyone sounds like your second pledge, after making sure we have universal health care. One more and then stop. Focus focus focus
Sometimes I wonder how much it’s worth selling a piece of your soul to be on that side to not face consequences living in wealth.
But that’s the thing, you’d have to hurt others to do this. :/
The executives at Silicon Valley Bank were not very good bankers. They were good at diversity and also donating to Democrats. So they did know how to stay out of jail by paying the right people.
