Retail LOB senior leadership being advised to tell sales managers that there’s no vision and plan for next year. They said after the executive meeting this past week that it’s still undecided and no plan. The conversation is TBD in NC at the end of Q1 and likely TBA for Q2 with the front line managers and their teams. This is the most chaotic and disorganized institution I have ever seen. Yet goals will be back dated again like other years to make up a goal you were unaware of. The insanity continues as any top talent who remains is running for the hills. They keep telling us for weeks to not tell our managers or their teams because it will cause more turnover sooner than we can afford. They are telling us to hold off telling people and let them find out later that this next year will also be a mess just like the others. If you have years left before retirement, get your resumes ready and leave this titanic.
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Op is true, I was advised by my manager of the same this week.
What a ridiculous thing to say- obviously made up.
I ran a group at Truist for three years-there never seemed to be any plan other than to grow assets whether they were profitable or not.
@1mab+1 any political/economic system can be exploited to benefit one group over another. If you don't think the rich are doing the exploiting, you live in an alternate reality. You don't think Bill is looking to enrich himself at the expense of everyone by selling Truist?
@1rra+1vSDZd29 You must be the person posting ad nauseum about how bad capitalism is. The same drum beat of “things are only for the rich” gets so tiresome. Come up with some new propaganda. I remember when people like you said the same thing when the Roth IRA legislation was passed. How did that turn out?
You don't need a plan for retail for 2025 if the real plan is to sell Truist. They just have to wait for the right regulatory environment. If in the next earnings call there is no talk of Truist buying smaller community banks to boost deposits......
But it seems they are more interested in building the investment side than the retail side.
Vision and planning require competent leadership. Neither Truist, hST nor HBBT have, or had, that. If they did, we wouldn't find ourselves here. All of them have risen to a position well beyond their competence. They just rob the bank at the expense of the employees and customers and move on to the next scam.
To he-l with Bill n Beau
The rich get richer and everyone else is in a rat race. The execs are only looking out for their own self-interest NOT the company itself. As soon as you realize EVERYTHING is rooted in self-interest - the more everything makes sense.