"Former SVB Chairman Travels to Hawaii After Bankruptcy... Relaxing at Luxury Villa"

Greg Becker, the former chairman of Silicon Valley Bank (SVB) in the United States, reportedly left for Hawaii for a vacation three days after the bank's bankruptcy.

The British daily newspaper Daily Mail reported on the 16th (local time) that Greg Becker (55), former chairman and CEO of SVB, is vacationing at a luxury villa in Hawaii.

Becker left his home in Menlo Park, California, with his wife Marilyn Bautista on the 13th and flew to Maui Island, Hawaii. This was three days after SVB rapidly went bankrupt due to a bank run and a stock price crash.

The couple took a black limousine driven by a chauffeur to the airport and reportedly flew first class to Hawaii. On the 15th, the couple was spotted strolling leisurely in T-shirts, shorts, and slippers on the streets of Lahaina, a coastal town in the northwest of Maui Island.

[Image source=Yonhap News]

The villa where the Becker couple is staying in Hawaii is known to be a two-story luxury townhouse worth $3.1 million (approximately 4.04 billion KRW), featuring three bedrooms and three bathrooms. The Beckers purchased this townhouse in Lahaina in May 2018, demolished it, and rebuilt a larger one. According to the Daily Mail, the community where the villa is located includes amenities such as tennis courts, a clubhouse, and three swimming pools.

About ten days before SVB's bankruptcy, on the 27th of last month, Becker stirred controversy by selling 12,451 shares of the parent company SVB Financial stock (worth about $3.6 million or 4.7 billion KRW). U.S. financial authorities are reportedly investigating whether insider trading was involved.

After the official announcement of SVB's bankruptcy on the 10th, Becker attempted to negotiate the sale of the bank and sent a video message to employees urging them to "overcome the crisis together," but he was dismissed along with other executives over the weekend. Becker also served as a director of the Federal Reserve Bank of San Francisco but resigned as well.

This content was produced with the assistance of AI translation services.