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A comment on Silicon Valley Bank paid out bonuses hours before seizure. Parent comment

Re:Silicon Valley Bank paid out bonuses hours before seizure by mbreese on Saturday March 11, 2023 @05:37PM (#35113526)
> and it may be against their contracts

Those contracts are with a company that doesn’t exist anymore… so I’m not sure that’s a good argument.

I get that this is part of the compensation that people rely on (I’ve seen Christmas Vacation), but it’s a really bad look. Paying out bonuses right before your company is taken over by the Feds is a horrible PR image. Regardless of if it is the right thing to do or not.

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Re:Silicon Valley Bank paid out bonuses hours before seizure by dylan604 on Saturday March 11, 2023 @05:59PM (#35113664)
>Those contracts are with a company that doesn’t exist anymore

the company existed when the payment was made though, so why would your comment anything at the time of the payouts?

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