Studies show that women aren’t reckless gamblers — they often take more calculated strategic risks that have long-term payoff.
An difference seen in risk-aversion between men and women was due to the “risk tax” placed on women. I…https://t.co/ptia3nxx6a https://t.co/CU0Y7ml8WZ
@MindaHarts It was the BOOM 💥 & hand gestures for me. Sickening to tell people don’t worry about a bonus go get 26 million while she too home 6.4+ I mean she couldn’t share a percentage?! #toxic
The run on this bank happened mostly because “everyone” was told to put money there then also told when to pull it out by the network! Could be a HBR case study in the making.
Of course, not barring the other risk management and strategy failures that got them to this point.
It is quite fitting that what might be the first large scale negative “reverse networking effect” happens in a bank that supports VCs and Tech Startups who thrive on networking effects.
Let’s be super clear. VCs and SVB did this.
VCs when they put terms in their funding docs mandating that money be held in SVB accounts.
SVB when they feel it they needed to buy mortgages in the face of rapidly rising inflation. Then not communicating to customers.
Being prudent with your money because the FDIC only covers $250K was the “right thing”. Ignoring the warning signs and leaving your money was not… at all.
This is business. A CEO’s job is to minimize risk. Prudent CEOs did their jobs.
Happy International Women’s Day!
I’m proud of the efforts being made to ensure women of all backgrounds have a voice and more visibility in leadership at Barclays. Great to see my colleagues in Product Technology also sharing the advice they would give t…https://t.co/wqNbLn8Gr9