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A comment on What does Silicon Valley Bank’s collapse mean for the financial system?. Parent comment

Re:What does Silicon Valley Bank’s collapse mean for the fin... by lp0_on_fire on Friday March 10, 2023 @09:40PM (#35104572)
Any organization of that size will have inertia and the damage was already done by the time they got there.
[ Parent | on HN ]
Re:What does Silicon Valley Bank’s collapse mean for the fin... by jaycroft on Friday March 10, 2023 @10:49PM (#35105053)
I think the parent is saying that the new CRO is bad not because they caused the dumpster fire - the new CRO is bad because after interviewing in January, they saw the dumpster fire and either thought it didn't matter, or that they could fix it. Not a case of "incompetent because they couldn't fix the problem", instead a case of "must be incompetent because they saw the books but took the job anyway".
[ Parent | on HN ]
Re:What does Silicon Valley Bank’s collapse mean for the fin... by causality0 on Saturday March 11, 2023 @11:55AM (#35110144)
Do you have to be a bad risk officer to be willing to get paid to save whatever is possible to save even if the ship is sinking? Maybe because of them five percent fewer businesses will go under because of SVB.
[ Parent | on HN ]