Government should go after them for insider trading. The amounts of their sales shows it wasn’t just a divestiture plan but a rush for the exits which had to be based on the info they had as insiders. Claim all the proceeds of those sales plus fines plus some jail time. They sailed right into this iceberg (despite being able to adjust course for 12+ months at lower losses) and then took lifeboats just before impact.
Cue the outrage. These are trading plans filed ahead of time. Executives get most of their compensation in stock and of course regularly sell a chunk to avoid putting all eggs in one basket (just like regular engineers will).<p>Silicon Valley Bank failed because of poor handling and recklessness, but to repeat a previous quote, this is clickbait outrage for the ignorant and perpetually angry.