The board of SVB, the parent company of Silicon Valley Bank, included as many people who grieved over Donald Trump’s 2016 victory at a Shinto shrine as investment bankers.
It included as many former Obama administration officials as investment bankers. It included as many former members of improvisational comedy troupes as investment bankers. It included as many Democratic Party politicians as investment bankers.
While investment bankers numbered one on the board, the No. 1 criterion for gaining a seat revolved around donating enormous sums of money to left-wing causes and candidates. The fact that SVB so recently employed Paul, Weiss to conduct an “equity audit” but cared so little about financial audits starts to make sense.
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Daniel J. Flynn, a senior editor of The American Spectator, is the author of Cult City: Harvey Milk, Jim Jones, and 10 Days That Shook San Francisco (ISI Books, 2018), The War on Football (Regnery, 2013), Blue Collar Intellectuals (ISI Books, 2011), A Conservative History of the American Left (Crown Forum, 2008), Intellectual Morons (Crown Forum, 2004), and Why the Left Hates America (Prima Forum, 2002). His articles have appeared in the Los Angeles Times, Chicago Tribune, Boston Globe, New York Post, City Journal, National Review, and his own website, www.flynnfiles.com.
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