Despite his change in employment status, Becker seemed unconcerned about the cash, as the couple enjoyed a limousine pick-up at the San Francisco airport and first-class tickets to their paradise on Monday. The former boss dressed in shorts and flip-flops for the trip to Lahaina, where his two-story custom-designed home sits within a gated community equipped with a tennis court, three surf beaches, three swimming pools and a clubhouse. Becker did hide in the car at one point while his wife picked up their lunch from the local cheeseburger.
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Becker was heavily criticized for the way he handled the bank’s demise and is even under investigation by the Ministry of Justice for selling shares just before SVB collapsed. The former CEO disposed of 12,500 shares for nearly $3.5 million just two weeks before the company collapsed. He and CFO Daniel Beck are also being sued by SVB shareholders for allegedly hiding the fact that rising interest rates left the company ” “Extremely sensitive” to a bank run.