The irony is that this fucker was almost certainly trying to jack up the Fed's rates in this tight VC funding environment with the expectation that startups would have to borrow money to extend their runway— at higher rates. He did this to himself, and to everyone else he screwed over. He needs to go to prison.
"the first time in more than a year that Becker had sold shares in parent company #SVB Financial Group"
"The sales were made through a revocable trust controlled by Becker, filings show."
This is technically legal, but he *chose* to go forward with the sale. He chose to pocket $3.6 million into a trust that legally shields it from his victims.
He knew damn well what he was doing.
h/t @drahardja @heidilifeldman
https://www.mercurynews.com/2023/03/10/svb-chief-sold-3-6-million-in-stock-days-before-banks-failure/
"the first time in more than a year that Becker had sold shares in parent company #SVB Financial Group"
"The sales were made through a revocable trust controlled by Becker, filings show."
This is technically legal, but he *chose* to go forward with the sale. He chose to pocket $3.6 million into a trust that legally shields it from his victims.