Potential solution? Make the bank board and C-suite pay for all the insurance ou... | Hacker News

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tankerkiller on March 15, 2023 | parent | context | favorite | on: Silicon Valley Bank unmasks the hypocrisy of liber...

Potential solution? Make the bank board and C-suite pay for all the insurance out of their own compensation packages. And the the bank fails it comes direct out of their pockets.

When the bank fails, they end up living on the streets for their mistakes, and will never (hopefully) be able to do it again to another bank.

pjc50 on March 15, 2023 [–]

This was the "Lloyd's Names" situation: https://www.reuters.com/article/uk-financial-equitas-names-i... ; although they weren't decision makers, they were a special class of investors.

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