All articles tagged with #executive misconduct
Three former Ubisoft executives were found guilty of sexual and psychological harassment, receiving suspended sentences and fines, highlighting accountability for toxic workplace cultures.
Executives at Silicon Valley Bank changed the bank's risk model assumptions to validate a profit-driven strategy, despite internal warnings that higher interest rates could jeopardize future earnings. The new assumptions were misplaced, and the bank was forced to raise additional cash by selling securities at a $1.8 billion loss, leading to one of the biggest bank runs in U.S. history. The episode shows an appetite for risk that set the stage for SVB's stunning meltdown, and regulators are reviewing the bank's "textbook case of mismanagement."