The Blubber

Silicon Valley CEO Greg Becker left a message to employees after the collapse
3/12/2023

Becker wore a black zip-up jacket with a logo from Gleneagles, a luxury golf resort in Scotland,

Silicon Valley Bank’s CEO, Greg Becker, reportedly sent this to employees after the collapse of the bank. "My unfair ask is can you guys just hang around, try to support each other, try to support our clients... which may be a slightly better outcome than where we are now."

Watch the full video: https://twitter.com/unusual_whales/status/1634693150601015298

"It's with an incredibly heavy heart that I'm here to deliver this message," he said. "I can't imagine what was going through your head and wondering, you know, about your job, your future."

Recently, before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

This was part of their trading plans.

Gregory Becker, CEO, sold 11% on Feb 27, 2023.

Michael Zucker, General Counsel, 19% on Feb 5.

Daniel Beck, CFO, sold 32% on Feb 27.

Michelle Draper, CMO, sold 25% on Feb 1.

Silicon Valley Bank has collapsed, the largest bank since 2008.

Read more: https://unusualwhales.com/news/numerous-corporate-executives-sold-silicon-valley-bank-sivb-stock-before-the-collapse

Note the trading plan was made years ago and there is no suggestion of impropriety or unusualness.

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