More 'woke' companies are going to fail, former CEO warns: SVB collapse was 'perfect storm'

What the G in ESG is supposed to be is governance. And if all you're focused on is climate change and trying to hire people for your qualifications other than their merit, their qualifications, or their character, if you're not focused on how your company is governed and run, if you're just focused on being woke, you're going to have problems. And these are the kinds of problems that arise.

They misjudged the impact of interest rates on their investment portfolio and their customers, they misinterpreted their companies, their customers' needs. They were woke and they had a regulator that was woke and really didn't do its job. So it was a perfect storm for a bank failure and that's what we ended up with.

Oh stop

Malah di kasih foto bukan orang orangnya yang pada pulang malah yang ngasih gambar dan itu lemburan kenceng malah dari pabrik lain ini perusahaan aneh. Lemburan nya banyak untuk orang yang mempengaruhi

Maksudnya pihak Portugal yang memelihara

WOKE.WOKE.WOKE.WOKE.Its all a JOKE .JOKE.JOKE.JOKE.

This is how ridiculous you are

Stop using that stupid cliche, “woke”. You sound so ridiculous.

The failed because 45 deregulated, and rich people proved again they can’t be trusted.

Andy who?

Let's see how the Dominion thing works out for YOU boneheads! Hahaha! Texting incriminating stuff to each other like a bunch of clowns!

except nothing 'woke' caused this. Y'all are lying, what caused this was lack of regulations . Stop trying to create a narrative that isnt even REMOTELY true

'This bank failed because it had a diversity program' is the funniest thing I've read on twitter today

Banks collapse because they do not learn from past events and are not cautious as to money (ie Wells Fargo)

Woke, woke, woke. *Huge yawn*

Old rich white guy says what now?

Next up, more Doom and Gloom from Faux News ..

STtifrap They are being ran by the mob and without any experience except safe spaces they will all FAIL

GO WOKE GO BROKE!!!! 🤣

AHAHAHA- AHAHAHA AHAHAHA AHAHAHA Woke companies? Huh? Y'all need to FOCUS and do better.

Full of Shiite

Who in their right mind thinks this bank is woke? They lobbied the Reps to get rid of Dodd-Frank and take the bank cop off the beat. Very close to defunding the police.

What a putz

No they aren't. Fear mongering.

Any company can go out of business for many reasons. It has nothing to do with woke.

Where did they dig him up from lol

Woke. 🤣🤣🤣🤣🤣. You guys like that term. We all think it’s a JOKE.

CEO? 🤣🤣🤣Putz is nothing but a Trumper. A liar with an IQ less than 70

***LATEST FASCIST BOOGIEMAN TROPE: WOKE*** Fascism thrives on FEAR! Fascism requires the spread of fear throughout the general populace. The fascist sows fear by exploiting some facet of the times as a THREAT TO YOU and how you perceive your lifestyle. Fascism = Spreading Fear!

What is woke?

MAGA should sue fox for billions for making them the victims of propaganda. And they should hurry before all Fox’s money is gone from corporate lawsuits.

lol ...puzder

Define woke?

GoWokeGoBroke

SVB didn’t fail because it was “woke”

Remember 'Anti Woke' GloriFi bank? No? Maybe that's because it lasted less than 3 months. 🤷

Dominion and smartmatic say you didn't even have to try.

The problem with identifying these failing companies is defining 'woke.'

Defenition Woke: Cover all Republican BS Jingo. We're going to woke books about minority baseball players. My neighbor's union is woke.

WTF does some mean?

GoWokeGoBroke

What do you think “woke” means?

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Source: WSJ - 🏆 98. / 63 Read more »

Little Spoon CEO says company 'dodged a bullet, discusses what SVB collapse could mean for startupsCEO Ben Lewis said his company Little Spoon “dodged a bullet” in Silicon Valley Bank’s (SVB) shutdown last week but voiced worries about impacts the bank’s collapse could potentially have on the startup and venture capital markets.
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