Among the 12 directors who were supposed to oversee fallen Silicon Valley Bank — and prevent the catastrophic errors on Friday threw the entire banking system into jeopardy — there’s only one…
One is a Hillary Clinton mega-donor who went to a Shinto shrine to pray after Donald Trump won the White House. Another worked for President Obama before her own political career spectacularly failed. A third is a prolific contributor to Democrats, including Nancy Pelosi — who owns a Napa Valley vineyard just 15 minutes from his.— and prevent the catastrophic errors on Friday threw the entire banking system into jeopardy — might not be household names.
They donated to Obama, Biden and Hillary Clinton, and to local Democrat Congressional reps including Pelosi — as well as political action committees for Senate Majority Leader Chuck Schumer and Mark Warner, a longtime member of the powerful Senate banking committee. A veteran venture capitalist who co-founded Scale Venture Partners, Mitchell has been on the SVB board since 2010.
And despite the largest failure of corporate governance at a bank since the 2008 crisis, Mitchell advises theBoard member Elizabeth “Busy” Burr splits executive success — she’s now the interim CEO of RiteAid after Heyward Donigan exited in January — with a rare hobby: improvisational theater.
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