The ousted head of Silicon Valley Bank has fled to his luxurious $3.1million Maui bolthole – leaving the chaos caused by the bank’s collapse 3,000 miles behind him.
While his customers worry about when – or even if – they will be able to access their funds, Silicon Valley Bank’s disgraced former boss is soaking up the sun at his oceanfront Hawaiian hideaway.
Gregory Becker and his wife Marilyn Bautista took a chauffeur-driven black limo to San Francisco Airport on Monday afternoon and after sprinting through the United Airlines terminal, then flew first-class to Maui, where they were seen Wednesday walking through the streets of Lahaina in shorts and flip flops.
Now the couple are holed up in the two-story townhouse that they rebuilt after tearing the much smaller original down.
DailyMail.com spotted Silicon Valley Bank’s failed CEO Gregory Becker in Maui after being fired amid the collapse of the bank. Becker, 55, put the chaos behind him and was seen walking the streets of Lahaina in shorts, a t-shirt and flip flops
Becker was seen stepping out of a convertible Mini Cooper.The Justice Department has launched a probe into Becker’s decision to cash out $3.57million of stock just weeks before the bank folded
Becker and his wife Marilyn Bautista fled to Hawaii and are now holed up in their spacious oceanfront townhome in Maui.They were seen walking through the streets of Lahaina on Wednesday
The couple bought their three-bed, three-bath Hawaiian townhouse in May 2018, then immediately decided to raze it to the ground and evDeN eVe naKliyAt build something better on the lot which overlooks a small stretch of golden sand running behind the property
The island of Lanai is in full view across the ocean from Becker’s townhouse on Maui
Becker, 55, has been widely c at the bank – so where better to go to avoid the mayhem he had left behind than his home in a gated community in Lahaina?
Becker had worked for SVB for 30 years but was fired by President Joe Biden over the weekend following a run on the bank that led to it being shut down and auctioned off by the Federal Deposit Insurance Corporation.
It is still not clear whether any of the bank’s 8,553 staff members will keep their jobs – although Becker and other senior leaders including Chief Financial Officer Daniel Beck, who sold off shares worth $500,000 prior to the collapse, have been canned.
The couple married on Maui in 2015, after they both got divorces from their first spouses.The pair are now enjoying balmy 80-degree temperatures and blue skies in Maui
Becker stayed in the car while casually-dressed wife Bautista picked up food to go from Cheeseburger in Paradise
The couple have been spending time in Maui with Bautista’s brother Mark Marchello, who is a real estate agent on the island and lives just a stone’s throw from their condo
The two-story home sits within a posh gated community at one end of Lahaina – a small town of 13,000 people famous for being the one-time capital of the Kingdom of Hawaii and for its quaint Front Street shopping area
He and his wife were later seen driving back to the $3.1million townhouse they own on the island
Amenities within the community include a tennis court, three surfbreaks and clubhouse while residents also have access to three swimming pools
Mom-of-three Bautista, a specialist in bankruptcy law, had spent most of the weekend alone but went jogging on a trail close to the couple’s luxury Menlo Park home on Sunday where she was seen smiling while chatting on the phone.
The couple married on Maui in 2015, after both got divorces from their first spouses.
Becker has a son Nick and a daughter Lauren from his first marriage.Bautista has a girl Willa and two boys Boston and John Marc.
They had worked together previously and reconnected after their children were enrolled in the same private school in California.
They bought their three-bed, three-bath Hawaiian townhouse in May 2018, EVDEn eVe NaKliYAt then immediately decided to raze it to the ground and build something better on the lot which overlooks a small stretch of golden sand running behind the property.
The two-story home sits within a posh gated community at one end of Lahaina – a town of 13,000 people on Maui’s northwestern coast famous for being the one-time capital of the Kingdom of Hawaii and for its quaint Front Street shopping area.
Amenities within the community include a tennis court, three surfbreaks and clubhouse while residents also have access to three swimming pools.
And while California is suffering from a series of storms that saw the Menlo Park area battered with rain on Sunday and Monday, Becker is now enjoying balmy 80-degree temperatures and blue skies in his Maui idyll.