The head of 'risk assessment' at Silicon Valley Bank has been accused of prioritizing pro-diversity initiatives over her actual role after the firm imploded on Friday. Jay Ersapah - who describes herself as a 'queer person of color from a working-class background' - organized a host of LGBTQ initiatives including a month-long Pride campaign and implemented 'safe space' catch-ups for staff. In a corporate video published just nine months ago, she said she 'could not be prouder' to work for SVB serving 'underrepresented entrepreneurs.' It comes after the firm became the largest bank to collapse since the 2008 financial crisis - disclosing a $1.8 billion loss in its finances. The spectacular fall from grace puts Ersapah under scrutiny as 'Head of Financial Risk Management and Model Risk' for the company's presence in Europe, the Middle East and Africa. Ersapah was based at the bank's London office.
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The full story can be found here - I love this shit:
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This waste of skin will suffer zero consequences for being party to the collapse of this bank. In fact it's a virtual certainty it will be rewarded with a similar position in another bank. Where it will do the exact same things again.
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