Re:Silicon Valley Bank paid out bonuses hours before seizure
by coldtea on Saturday March 11, 2023 @05:32PM
(#35113479)
>These just didn't happen on the same time scale, and bonuses can't be undone in a matter of days with employees expecting them and even contracts demanding them.
Exactly.
Only withdrawals by account holders, regular bank employee salaries, and corporate salaries depending on the bank can be undone in a matter of minutes. Never executive bonuses.
Exactly.
Only withdrawals by account holders, regular bank employee salaries, and corporate salaries depending on the bank can be undone in a matter of minutes. Never executive bonuses.
/s