ScottEATF t1_jcltikk wrote on March 17, 2023 at 7:33 PM

SVB failed because of investment decisions that would have had to have been helmed by the absolute highest level of management.

That level of management would enjoy the ability to come and go as they please regardless of SVB's remote work policy.

Having employees in an office or not would not affect SVBs executives from adopting investment strategies that included covering short term deposits with long term investments without aggressive hedges against interest rate fluctuations.

They choose those instruments because that's where the highest return was at the time. They did not consider long term implications of that because they were concerned with short term profitability. Likely because their compensation and bonuses hinge on meeting profitability margins, not ensuring the future stability of the bank.

hamhead t1_jcm2qkq wrote on March 17, 2023 at 8:33 PM

>SVB failed because of investment decisions that would have had to have been helmed by the absolute highest level of management.

They included executives and management being spread out as one of the problems...

BowzersMom t1_jcosoop wrote on March 18, 2023 at 12:22 PM

Was not sharing physical space really the reason they put a full half of their investments in long-term bonds?

hamhead t1_jcosrzr wrote on March 18, 2023 at 12:23 PM

Hell if I know. I’m just saying they’re not just saying poor decisions were the fault of simple workers working from home.

BowzersMom t1_jcotgyj wrote on March 18, 2023 at 12:30 PM

Hun, they’re making up excuses. But it doesn’t matter because they’re all out of a job now! (Or will be when the fed finishes selling off all their assets and winding them down).