Regulators are requesting Silicon Valley Bank employees to stay on for the next 45 days, at 1.5x their current salary

Regulators are requesting Silicon Valley Bank employees to stay on for the next 45 days, at 1.5x their current salary.

Hourly workers will be paid double if they work overtime. Employment for all is contingent on “acceptable performance," per TechCrunch.

Becker wore a black zip-up jacket with a logo from Gleneagles, a luxury golf resort in Scotland,

Silicon Valley Bank’s CEO, Greg Becker, reportedly sent this to employees after the collapse of the bank. "My unfair ask is can you guys just hang around, try to support each other, try to support our clients... which may be a slightly better outcome than where we are now."

Watch the full video: https://twitter.com/unusual_whales/status/1634693150601015298

"It's with an incredibly heavy heart that I'm here to deliver this message," he said. "I can't imagine what was going through your head and wondering, you know, about your job, your future."

Recently, before the collapse of Silicon Valley Bank, $SIVB, the CEO sold $3.57 million of stock within the last two weeks.

Read more: https://unusualwhales.com/news/silicon-valley-ceo-greg-becker-left-a-message-to-employees-after-the-collapse