Woke head of 'risk assessment' at Silicon
Valley Bank 'prioritized' LGBT initiatives
- including organizing a month-long Pride
campaign - before bank lost BILLIONS and collapsed
Daily Mail (UK),
by
Helena Kelly
Original Article
Posted By: Imright,
3/11/2023 5:56:52 PM
A head of risk assessment at the beleaguered Silicon Valley Bank has been accused of prioritizing pro-diversity initiatives over her actual role after the firm imploded on Friday.
Jay Ersapah - who describes herself as a 'queer person of color from a working-class background' - organized a host of LGBTQ initiatives including a month-long Pride campaign and implemented 'safe space' catch-ups for staff.
In a corporate video published just nine months ago, she said she 'could not be prouder' to work for SVB serving 'underrepresented entrepreneurs.'
Reply 1 - Posted by:
Nashman 3/11/2023 6:01:58 PM (No. 1422850)
You can't make this crap up. I believe she has some splainin' to do. I'll buy the popcorn.
30 people like this.
Reply 2 - Posted by:
sanspeur 3/11/2023 6:06:37 PM (No. 1422855)
as if they didn’t know the chick ? they hired was this lgbtxyz dumb … really like the beast who is sect’y of medicine or something , & the luggage stealer ? the woke lobby is loud with those ones ( apologies Yoda ) sheeze it coulda worked and then they get to b the kewl kidz ???
9 people like this.
Reply 3 - Posted by:
udanja99 3/11/2023 6:10:17 PM (No. 1422856)
Get woke; go REALLY broke.
28 people like this.
Reply 4 - Posted by:
Rumblehog 3/11/2023 6:10:50 PM (No. 1422857)
So their "ESG Score" was through the roof, while their "GAAP Score" was in the toilet.
18 people like this.
Reply 5 - Posted by:
zephyrgirl 3/11/2023 6:19:34 PM (No. 1422865)
I have two concerns about SVB's failure: (1) that our tax dollars will be used to make whole a bunch of tech pukes who have nothing but contempt for us, and (2) that SVB's failure will take down the rest of us.
23 people like this.
Reply 6 - Posted by:
Son of Grady 3/11/2023 6:32:18 PM (No. 1422873)
There will be more of this crap to happen.
A Fool and Someone Else's money are soon parted.
They should be prosecuted for fraud.
17 people like this.
Reply 7 - Posted by:
formerNYer 3/11/2023 6:52:31 PM (No. 1422882)
Gee, that's a shame.
8 people like this.
Reply 8 - Posted by:
danu 3/11/2023 6:58:20 PM (No. 1422887)
bannon predicts-correctly-they'll be here by monday begging for a bail out
--paid for by deplorables. not. one. thin. dime.
some ca. relatives opine that kevin mccarthy's phones have been rekt w/ calls.
no one can get through. heh. jingle bells, my friends.
don't forget jim jordan and his fellow tech devotees.
5 people like this.
Reply 9 - Posted by:
Strike3 3/11/2023 7:31:41 PM (No. 1422908)
The good news is that now this queer person of color can spend twenty four hours a day on her stupid hobby.
13 people like this.
Reply 10 - Posted by:
LC Chihuahua 3/11/2023 7:38:14 PM (No. 1422912)
Does this look like someone that you would appoint to police your bank? No way. Hope they look at who appointed her. She was selected because she is either a clueless useful idiot or an accomplice. Maybe both.
While everyone was heaping praise on SVB, somebody was emptying the cookie jar.
13 people like this.
Reply 11 - Posted by:
JHHolliday 3/11/2023 8:51:20 PM (No. 1422943)
I wonder if she dumped some of her SVB stock before the crash like other of the execs did?
8 people like this.
Reply 12 - Posted by:
Harlowe 3/11/2023 9:21:03 PM (No. 1422955)
#11~ Legitimate question. Three executives having sold shares were identified in a CNBCTV18.com article (“Silicon Valley Bank top bosses sold $4.5 million worth of shares before the collapse” – 3-11-23); they were SVB CEO and President Greg Becker who sold over 12,000 shares on February 26, 2023; CFO David Beck who sold $575,180 in stocks the same day; Chief Marketing Officer Michelle Draper who, in earlier months, sold shares of the bank’s parent company, SVB Financial Group. Company “executives have been steadily selling stocks since May 2021” according to filings.
6 people like this.
Reply 13 - Posted by:
Venturer 3/11/2023 9:34:39 PM (No. 1422964)
A queer woman of color running the risk assessment function .
No wonder they folded.
9 people like this.
Reply 14 - Posted by:
hershey 3/11/2023 9:45:21 PM (No. 1422970)
Get woke, go broke...they. just. don't. learn....
4 people like this.
Reply 15 - Posted by:
DVC 3/12/2023 12:27:20 AM (No. 1423012)
Get woke, go broke.
It never fails.
And I bet that they loaned tons of money to various scamming companies based on "green energy" and "climate science".....both hotbeds of fraud and bankruptcy.
6 people like this.
Reply 16 - Posted by:
Trigger2 3/12/2023 4:48:25 AM (No. 1423046)
Go woke; go broke. Hey, there's actual truth to that statement.
3 people like this.
Reply 17 - Posted by:
mifla 3/12/2023 6:25:46 AM (No. 1423062)
This situation sums up what is happening to our country.
Value ideology over merit.
Live with the disaster that results.
6 people like this.
Reply 18 - Posted by:
Msquared112 3/12/2023 7:06:48 AM (No. 1423068)
GWGB.
1 person likes this.
Reply 19 - Posted by:
Alecto2 3/12/2023 9:24:52 AM (No. 1423142)
Scarier is the number of high-profile banks/corporations these dipsticks (and more like them) have moved through.
Short the hell out of "corpsarations" with excellent ESG scores.
1 person likes this.
Reply 20 - Posted by:
Snow Possum 3/12/2023 2:09:34 PM (No. 1423374)
It is my understanding that the rapid rise in interest rates is what took SVB down.
Unless specific actions by the people in question can be shown to be a contributing factor, I go along with Peter Schiff's assessment that this was inevitable in the face of FOMC actions over the last 6+ months.
So. The people to REALLY blame are not bank officers but the feckless Biden administration and a democrat controlled Congress that spent money hand over fist in the last year, assuring the Fed;s raise in interest rates would have little to no effect... other than to start to put banks out of business.
So... read about what really happened before blaming someone who likely could not have stemmed this tide regardless of when or what they saw.
0 people like this.
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