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.

When were the bonuses paid to the executives and employees?

• March 10th, 2022

• April 10th, 2022

• April 1st, 2022

• March 1st, 2022

What was the main concern regarding the bonuses paid on March 10th?

• They were not approved by the board

• They were too low

• They were paid after the bank was seized

• They were paid just before the bank was seized

Who determined the bonuses for the executive team?

• The CEO

• The board and independent Compensation Committee

• The employees

• The regulators

What was the basis for the bonuses according to the executive?

• Personal performance

• Market conditions

• Predetermined criteria

• Employee votes

What is the executive's stance on returning the bonuses?

• They refuse to return them

• They will return them immediately

• They will cooperate with regulators

• They have already returned them