Peloton is taking steps to make its employees’ compensation more attractive as it looks to turn around its struggling business, CNBC reported on Wednesday. The home fitness company will reprice stock options, accelerate equity vesting schedules and award cash bonuses to hourly workers, according to CNBC’s report. Peloton’s stock price has, like those of many other tech companies, tumbled this...
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
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On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
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