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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DailyMail:
The ousted head of Silicon Valley Bank has fled to his luxurious $3.1million Maui bolthole – leaving the chaos caused by the bank’s collapse 3,000 miles behind him.
While his customers worry about when – or even if – they will be able to access their funds, Silicon Valley Bank’s disgraced former boss is soaking up the sun at his oceanfront Hawaiian hideaway.
Gregory Becker and his wife Marilyn Bautista took a chauffeur-driven black limo to San Francisco Airport on Monday afternoon and after sprinting through the United Airlines terminal, then flew first-class to Maui, where they were seen Wednesday walking through the streets of Lahaina in shorts and flip flops.
Becker, 55, and Bautista, 54, are now staying in their two-story ocean-front townhome in Maui, the Daily Mail reported.
The report states that the couple bought the property in May 2018, which already had a nice 3-bedroom home. They razed that to the ground and built a brand new, two-story townhouse.
After working for SVB for 30 years, Becker was fired over the weekend following the collapse of the bank.
According to CNBC, Becker sold nearly $30 million worth of stock over the past two years, and is now being investigated by the Justice Department after he sold $3.57 million of stock just weeks before the bank collapsed.
NEW: Silicon Valley Bank CEO Greg Becker sold $3.6 million of company stock under a trading plan less than two weeks before the firm disclosed extensive losses that led to its failure https://t.co/3Taaj0HmRe
— Bloomberg (@business) March 11, 2023
EXCLUSIVE: SVB’s failed CEO escapes to Hawaii days after being fired https://t.co/JeVDdyf4Dy
— Daily Mail US (@DailyMail) March 16, 2023
To get more information about this article, please visit DailyMail.
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