> Still, some observers caution that unchecked unpleasantness could have unintended consequences: fewer volunteers to take on the often thankless work of running town boards, for example, and fewer opportunities for public comment, which are not required by law.

Greed. It's all just unbridled greed!

It's true! I work remotely and I never visited SVB to deposit any money! I didn't think they would catch on to me this quickly.

oh shit good point, I didn't even think to ask because it had fuck all to do with it

SVB failed because of investment decisions that would have had to have been helmed by the absolute highest level of management.

That level of management would enjoy the ability to come and go as they please regardless of SVB's remote work policy.

Having employees in an office or not would not affect SVBs executives from adopting investment strategies that included covering short term deposits with long term investments without aggressive hedges against interest rate fluctuations.

They choose those instruments because that's where the highest return was at the time. They did not consider long term implications of that because they were concerned with short term profitability. Likely because their compensation and bonuses hinge on meeting profitability margins, not ensuring the future stability of the bank.

But did you check to make sure none of their staff worked remotely on those decisions?

Any idiot knows SVB failed because Tom Brady left the Pats for the Bucs.

It's only by virtue of prohibiting rudeness that it was struck down. If people are being disruptive or threatening, they could be removed under a different or revised code.

Getting up and saying quietly, 'Mr. Mayor you are a twatwaffle' is rudeness. Screaming the alphabet at the town hall because it keeps the reptilians away is disruptive, even if the person does not mean to be rude, and their speech not offensive in terms of content.

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Pretty sure it was the lack of Furbys.

Made me think of Ghost Busters. “Being miserable and treating others like dirt is every New Yorker’s God-given right!”

I would have blamed the green power ranger honestly…..that damn ocarina

I went into my small, regional bank today to see if the bank was in any danger. They are not, they didn't invest in crypto or anything as risky as SVB invested in, because they aren't fucking mooks. They also have a thing called risk management, because they aren't insane.

“Woke” Remote Work or “Un-Woke??” /s

I would gone with Red Algae or UFOs myself but sure, remote work, why not…

Lol, how hilarious. Apparently you failed to comprehend what you read as it says nothing about how they can't get local government officials, and the only reference to anyone not working on the board anymore is a guy who was on it but now has been replaced.

Are you sure it was remote work? Are you sure it wasn't greed?

Dear SVB: G.F.Y.

Your own "business practices" and risky behavior caused this.

Stop trying to shift the blame, no one is buying it.

He wouldn’t have ran the warrant check if the guy hadn’t insulted his mother and to be honest, a cop will be able to find something you are doing that is illegal 100% of the time.

Am increase in employee productivity led to their downfall? Sure.

It's an interesting variant of the Chewbacca Defense, I guess.

Well, since it goes both ways, just start calling people like this filthy, disgusting names, and insulting their family. If you can't take it, GTFO. Apparently it's legal, so why not?

If you're just going to throw consideration out the window, why should I adhere to those rules, when others clearly wont?

I'm not saying it's appropriate, or even right. But if you have to sit there and listen to the rude toxicity of these people, I say go ahead and give it right back.

That doesn't even make any sense.

…did you read the article? The whole fucking point is that everyone is quitting and they can’t get anyone to do this job.

What am I talking about, this is Reddit, of course you didn’t read.

Is this the same town that tried to invent the guilty bystander circa 1997?

Of course. Had nothing to do with SVB not having a risk manager watching their investments.