SVB Chairman Sold KRW 4.8 Billion worth of Shares 11 Days Before Bankruptcy…a wonderful coincidence
Amid the financial turmoil caused by the bankruptcy of Silicon Valley Bank SVB, the company’s CEO, Greg Becker, has been found to have sold a large number of his shares in the company, sparking controversy. Bloomberg announced SVB on the 10th local time.
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SVB
the company’s chief executive amid financial turmoil over ‘s bankruptcy
CEO
Chairman In Greg Becker has been found to have sold off a large stake in his company, sparking controversy.
Bloomberg reported on the 10th local time.
Citing public data, Chairman Becker is the parent company on the 27th of last month.
It reported that 12,451 shares of Financial were sold for $3.6 million and 4.76 billion won. Chairman Becker sold his shares only 11 days before the bankruptcy was officially announced.