Screenshot from the Wall Street Journal with text reading: "Was there regulatory failure? Perhaps, SVB was regulated like a bank but looked more like a money-market fund. Then there's this: in its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they aso have '1 Black', '1 LGBTQ+', and '2 Veterans'. I'm not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands."
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