Kaanapali Beach Maui

Escape To Maui: Living In Disgrace Never Looked This Good!

Living the good life on Maui is never out of reach, even when you just got fired by the federal government and left unprecedented wreckage behind. While Hawaii can be an escape from everyday life, your problems can follow you to paradise, as Gregory Becker, ex-president and CEO of Silicon Valley Bank (SVB) just found out.

For now, Becker and his wife Marilyn Bautista still fly first class to Hawaii and are enjoying their $4+ million dollar completely remodeled townhome at Maui’s Puamana Resort.

You could afford these perks when making nearly $10M a year. But now, the optics of flaunting wealth are not playing well. Earlier this week, the couple arrived just the day after his high-visibility firing.

In typical Hawaii-casual island wear, Becker was later seen walking on Front Street in nearby Lahaina town. That comes as the Justice Dept. begins probing his cash-out of nearly $4 million just weeks before the bank’s collapse and $30 million in the past 24 months. So while SVB shareholders, executives, and other investors worry about their losses, even as those with deposits were made whole, the Beckers appear happy enjoying their luxury Puamana digs.

The couple arrived at San Francisco Airport via chauffeur-driven car, then flew first class on United nonstop to Maui. The price of one-way tickets to Maui on United varies from $900 to about $2,000 per person.

Home, Sweet Home Away From Home…

Their three-bed, three-bath home at Puamana, seen here before they purchased it in 2018, was torn down and rebuilt larger than before. It sits directly on exquisite Maui ocean frontage. Getting around on Maui, at least this week, their wheels are a newish convertible Mini Cooper by BMW.

The couple lives in Menlo Park when not at their island home. Before leaving California for an unknown duration on Maui (perhaps forever?), Becker sent bank staff a video asking that they “stick together (and) support each other through the crisis.” He said, “It’s with an incredibly heavy heart that I’m here to deliver this message,” according to Reuters. “I can’t imagine what was going through your head and wondering, you know, about your job, your future.” The future of the bank’s nearly 9k employees isn’t clear, even as senior leaders have already been terminated. Employees were left less than impressed by the ex-CEO’s video.

Cheeseburger in Paradise

Where do the Beckers dine: Cheeseburger in Paradise!

In a strange juxtaposition to their extravagant flight and posh Maui home, they did a pickup at a Lahaina burger joint for dinner. Cheeseburger in Paradise features oceanside dining and great views, which the Beckers did not avail themselves of. The well-known restaurant is located on Front Street, oceanfront in Lahaina. They’ve been in business since 1989. Recent reviews range from “Great food, music, drinks, service, and location!” and “Nice place with good beers, burgers, and pulled-pork sandwiches” to “salad had dry chicken with bag lettuce that tasted like it was opened days ago.” Well, it is 4-star rated, not 5. It is open from breakfast through dinner, with nightly entertainment.

More about Puamana Maui.

This is a private, beautifully situated, and well-regarded 30-acre gated community in Lahaina (lead photo). Most of the properties there are vacation rentals. Amenities include tennis, three swimming pools, a clubhouse, and more, with golf nearby. Units range from 1 to 4 bedrooms, with the Beckers sitting comfortably at three bedrooms. Some units, including theirs, feature fantastic ocean views.  It is a low-rise development with lush, tropical landscaping.

What does it cost to stay at Puamana?

Never mind ownership; what about a vacation at Puamana? Just one week at Puamana in a unit of their size at this time of year will likely set you back no less than $7,000 total.

In a YouTube Video from January 2023, Becker was still “optimistically looking ahead.” As someone said in the video comments, “this didn’t age well.”

 

 

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49 thoughts on “Escape To Maui: Living In Disgrace Never Looked This Good!”

  1. Disgusting toad. What a joke this bank was/is. Just take a gander at the 12 board members and their “qualifications”. Only one of the 12 members have any kind of banking or finance background. What could go wrong? 😠

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    1. And the Lone Board Members Credentials are Sorely Lacking. He was only there for a Year! The Board just needed someone to give them temporary credibility.

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  2. With all of the Stress and Finger Pointing who could possibly blame Greg Becker and his wife for escaping California for Maui. Now they can regroup their thoughts and begin the Executive Job Search, Greg is currently unemployed. How fortunate they Greg pulled their tens of millions from the Bank before it failed, even so how can they possibly afford too much, no paycheck coming in. Is there a “Go Fund Me” account setup for them yet? It must be Tough! Maybe the Federal Reserve has an opening 🤔

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  3. As Yoda might have said: “A bit tabloidy this article was.” This bankster isn’t even that extravagant in his tastes. A Mini Cooper? A refurbished condo? Chain burger restaurants ? United First Class? Hardly status symbols in this day and age. Not impressed.

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    1. Ah, Mighty Short and Green Yoda, he’s not employed anymore, they must be cutting costs wherever they are able. I keep wondering when the Force will be knocking on their door to take statements, will they be illusive in their memories? Possibly Janet Yellen needs help at the Federal Reserve, certainly many will be receptive to his resume.

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      1. Ernesto, so true. But as others have stated, isn’t he exactly the type of tourist that we need and want here in Hawaii? As long as he doesn’t try to open a bank here, I’m cool with him. In fact, I’m driving over to the Westside to see if I can share a coffee or beer with him. I have this amazingly great idea that needs venture capital funding. Can’t provide too many details, but it involves coconuts and small battery operated drones. That’s all I can say. Mahalo!

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        1. Eldo, I am fairly certain that your perception of a viable business venture worth backing is “spot on” and if for some reason it doesn’t garner the proper response, I could make it a point to “visit” and engage in “negotiations” for you. Sometimes, Eldo, Experience is needed for proper responses. Good Luck with the Business.

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  4. I just love how you guys bust these folks chops & show how they immediately run away from their problems to paradise! The woman who is on trial for murdering her children did the same thing…unbelievable!

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      1. A pre-planned family vacation that was on the schedule but I do Agree that the actual circumstances should have postponed it. Disasters occur, especially when, and where, over dependency on Wind and Solar Energy is concerned. Been warning ⚠️ about this for a Long Time. Senator Cruz should have rescheduled his family vacation, plain and simple.

  5. I just love how you guys bust these folks chops & show how they immediately run away from their problems to paradise! The woman who is on trial for murdering her children did the same thing…Unbelievable.

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    1. It begins to make me wonder if the Woman believed that Hawaii could be a great place to fight extradition while working on her tan! 🤔 Maybe she “thought” that she could hide out there and avoid Prosecution altogether or possibly escape to another country where extradition isn’t a problem. Never know what the “Troubled and Devious Mind” thinks!

  6. Where to start? The in your face corruption and and outright theft of millions while running a bank into the ground. I hope there is justice coming but when it’s practiced in the White House also I’m not counting on it
    Disgusting people!

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  7. He’s a scumbag and should lose everything. He was well aware of the situation with SVB and just like all of these executives, made his money off the sweat of others. He should be publicly crucified.

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    1. Not technically a bailout like we saw in 2008. SVB is dead – it’s gone. It’s only the depositors, the average schlubs like you and me who kept their money there, that are being rescued by the gub’ment. Bank investors and executives are getting zilch.

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      1. There are no “average schlubs” at that bank in Silicon Valley. You needed clout to bank there. Half of its loans were for venture capitalists and private equity firms, and Gavin Newsom is one of their clients.

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