Ex-SVB CEO Is Asked If He'll Return His Bonus

The transcript discusses the approval and payment of cash and stock bonuses to executives and employees, which were paid just before regulators seized the bank. Questions are raised about the justification of these bonuses and whether they reflect strong performance. The bonuses were predetermined by the board and the independent Compensation Committee. The speaker commits to cooperating with regulators in reviewing the bonuses.

What was the date when the bonuses were paid to executives and employees?

Evaluate responses using AI:

OFF

What was the response regarding the predetermined nature of the bonuses?

Evaluate responses using AI:

OFF

How did the bonuses relate to the performance of the executives and employees?

Evaluate responses using AI:

OFF

What was the role of the Compensation Committee in determining the bonuses?

Evaluate responses using AI:

OFF

What intention was expressed regarding the return of the bonuses received?

Evaluate responses using AI:

OFF