Disgraced Silicon Valley Bank CEO escapes to luxurious Hawaiian home

Silicon Valley Financial institution CEO Gregory Becker has escaped to a US$3.1 million home in Maui simply days after being fired.

The failed CEO and his spouse Marilyn Bautista have left chaos behind and are absorbing the solar in Hawaii after leaving San Francisco this week.

The pair had been seen driving to San Francisco Airport in a chauffeur-driven limo, heading to the United Airways terminal, after which flying first-class to Maui on United Flight 1749.

Whereas Silicon Valley Financial institution clients fear about whether or not they can entry their funds, the 55-year-old and his spouse have been noticed strolling round Lahaina sporting relaxed vacation clothes and sun shades.

Becker is at the moment being investigated by the Justice Division after he cashed out US$3.57 million of inventory weeks earlier than the financial institution collapsed. Over the previous two years, he bought nearly US$30m in inventory, in accordance with CNBC.

Shortly after being fired by President Joe Biden over the weekend, bringing a 30-year profession on the financial institution to an finish, Becker despatched workers a video encouraging them to “stick collectively” by means of the disaster earlier than packing his baggage and excessive tailing to Hawaii.

As getaways go, Becker’s state of affairs isn’t too unhealthy.

The couple’s two-story townhouse is in a luxe gated group in Lahaina, a city on Maui’s northwestern coast.

Services locally embody a membership home, three swimming swimming pools, a tennis courtroom and three surf breaks.

After buying a three-bedroom townhouse in Might 2018, the pair instantly demolished it and rebuilt it.

Since arriving, the couple have hung out with Bautista’s brother, pushed round city and eaten out at native eating places.