I was a Branch Leader in Columbia, SC. I was so stressed out by the ridiculous goals, management that don't care about branch employees, and our worthless region leader. Do yourself a favor and look for better opportunities outside of Truist. Everyone deserves happiness. There is SO MUCH opportunity out there!!!
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@2axx+1o2vTFrD I must have missed it somewhere, but when did prior leadership get the blame for the current state of Truist?
@4wph+1o2vTFrD - that is what is most surprising to me, that shareholders have not held the BoD accountable.
There is no way ANY former BB&T shareholder would have paid a premium to simply switch management teams with a lesser performing bank - but that is precisely what Kelly King duped us into buying. I have seen shareholder lawsuits I didn’t agree with, but I feel this one is as justified as it is necessary. Our share price will never even attain even mediocrity until we have a new executive team.
What we've all just learned about Georgia's tougher-than-federal RICO statute makes me wonder if that was another reason to move SunTruist headquarters from Atlanta to Charlotte. "Banksters" isn't supposed to be this...literal.
The board has failed its fiduciary duty and shareholders should sue. Conflicts of interest and insider dealing. Looking at you KK and Nido. Excessive executive compensation. Pay for no performance, cronyism. I'm sure there's more.
Clowns like me are the problem at SunTruist. Yes, because we mock the clowns that take themselves and their phony titles so seriously. These titled folks think they are better than the commoners, and act in an entitled manner.
Truist is the worst performing bank in the US and possibly the world with a broken culture. Truist is the result of an overly confident self serving simpleton, Kelly King, a craven BB&T leadership team, and crooked silver tongued incompetents from SunTrust. These devils don't care about customers, employees, or communities and lead with a what's in for me, a heads I win tails you lose mentality. Manipulation, deceit, and Machiavellianism rule the day.
Moody's waking up, regulators waking up, and shareholders waking up. The entire SunTruist executive team is unwilling to taking responsibility for this fiasco blaming the prior management, who happens to be themselves. Missing earning twice in a row when management is the one that sets the tempo and expectations of the analyst. Either incompetent, lying, or both. Depleted capital base, too bad there isn't any Coca-Cola stock to bail us out this time.
Meanwhile, the governance structure remains impregnable to change with Chairman "Bill" firmly in control of doling out cushy board positions.
Shareholders will have to continue voting with their feet.
Truist is not “American capitalism”. Truist is simply an extraordinarily poorly run bank, headed by a detached and entitled group of crony capitalists. If it even approached “true capitalism”, this executive team would have been replaced by investors and shareholders two years ago.
The majority of my banking experience was with one of the major money center banks. The environment was not “cozy”, but performance goals were crystal clear, and everyone was generally on the same page. In addition, the culture was not a laughable smokescreen - and everyone understood it, including executives - and if you didn’t, you left. Not always pretty, but everyone was generally moving in the same direction.
The only “culture” I see promoted by Truist executives is their unwavering disdain of the common employee. It shines through clearly with every email and directive they send. This is why Truist is not one of, but possibly THE worst performing large bank in America. Capitalism has absolutely nothing to do with it.
At least I’m a VP and can tell people what to do
I empathize with your situation but it’s the best place I’ve worked… by far. Banking in general is trash.
I don’t think this is specific to Truist. This is American capitalism. Gonna be like this at all big banks. If a situation su-ks just get out and find a new one that may su-k less.
There was recently an article posted on a popular management site that listed the critical behaviors that an executive management team must display in order to build successful corporate culture. I literally laughed out loud as I read them!
Truist management reinforces the exact opposite of EVERY one of these behaviors! Examples of the traits cited in the article were humility, respect, honesty, valuing employees, acting consistent with published values, fairness, open communication, etc.
No corporation is perfect, but Truist is literally the only place I have ever worked that whiffs on EVERY SINGLE ONE. I have never witnessed an executive team that holds their own employees in such obvious contempt.
So, to the person that started this thread - no, a company that treats people as poorly as Truist does not deserve your loyalty.
All the time being told they were brilliant by sycophants and building edifices to their brilliance
Ge-z I thought it was management who got fat and lazy supping at the trough full of easy money.
Clowns like @dro+1o2vTFrD are the problem at SunTruist. Everything’s a fing joke with you and the AVP nonsense.
But I want to be an Assistant Vice President.