Elizabeth Warren says the millions in bonuses Silicon Valley Bank executives took home last year should be recovered by regulators: 'We should claw all that back'
to the detriment of depositors who trusted the institution's stability.
Greg Becker, the chief executive of SVB,"took home $9.9 million in compensation last year, including a $1.5 million bonus for boosting bank profitability — and its riskiness. Joseph DePaolo of Signature got $8.6 million," Warren writes, taking aim at the executives of the collapsed banks."We should claw all of that back, along with bonuses for other executives at these banks."
She added:"Where needed, Congress should empower regulators to recover pay and bonuses. Prosecutors and regulators should investigate whether any executives engaged in insider trading or broke other civil or criminal laws."Executives from companies from Goldman Sachs to Apple, have
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