Has anyone heard about the Truist Leadership Institute closing? Kelly King won’t be happy to hear this…sorry to anyone here impacted, if this is true.
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Went there once for a management meeting. After being in branches and the “university” (run down old elementary school somewhere) I thought “so this is the nice suit you keep for funerals and weddings”.
Beautiful setting and all that; felt like guitars and youth group hymns were gonna break out at sunset.
@e2 SOME of us got the joke….
LDP and the Institute is brainwashing the next generation to think like the old regime. For a bank to be valued LESS post-merger, the institute surely has shown zero value.
It’s really just a great spot to get a photo shoot of “leaders” on a staircase.
I was on a team that provided support for TLI. Not one leader/manager/teammate with whom I engaged was a competent, respectful person. All had massive entitlement syndrome and expected you to step-and-fetch without any contribution from them. I often said we needed to dump that organization. TLI had NOTHING to do with being part of a bank, and it showed so painfully. That said, it sites on a great piece of property so Truist should probably keep it and lease it out to an organization who can make more sense of it.
If you want to say its "closing" that is fine but in the real world, we call it being sh-t canned.
I never thought this boondoggle was warranted. I always thought that only immensely successful industry leading companies did stuff like this. Think Apple - they have something like this.
But TRUIST?? Lmao. we are and have been a sub par performing bank for forever now… and before that (in the heydays) just average. we have some nerve to think something like this is warranted around here… Like what successful practices and principles are being taught out of this (waste of money) institution? Whatever they are clearly DO NOT WORK. Cmon man…
An article said BB&T/Truist have “invested” ~$90 Million in the Leadership Institute over the last decade. Think about how many positions that money could have saved, or how many performance raises it could have provided, or at the very least how much shareholder return. Closing this major expense was an easy decision for Mike.
I am very glad to hear this is finally happening. I would be lying if I said I didn’t relish the thought of KK fuming over it, consumed by the same anger and resentment that many of us felt watching him dismantle the bank we loved and worked so hard to build. Perhaps this gives him just a small taste of what he put so many of us through.
This is yet another indication that MOE was a failure. The clearest evidence will be that, once BR is off the board, not a single executive from the MOE era will remain. Some were handsomely compensated to “retire,” others were rightfully dismissed, including DW, and still others have gone on to thrive at competing banks.
That last point is particularly telling. When talented executives leave and succeed elsewhere, it raises serious questions about the leadership they left behind. When others are dismissed, it raises those same questions from a different direction. Taken together, the departures, dismissals, and subsequent success of former executives paint a damning picture of KK and BR’s leadership. They failed to retain talent, failed to build a sustainable leadership team, and ultimately failed the bank and the people who dedicated themselves to it.
@b1 If I was middle management I would be updating my resume. The bloat is spilling over the belt and nothing short of lipo is going to fix it.
Noooooooooo
That place was great. Resort style amenities and world class staff. Lived there rent free as an LDP. I loved it.
Such an awesome place. Guess you wads never had the chance to visit.
Jealous????
If it is true glad to see that waste of money go. When they put more money into that facility then the branches which represent your brand with stained worn carpet, stained ceiling tiles from roofs that they don’t replaces (the list could go on) something is wrong.
Might be a shareholder not a teammate.
@ap You won’t be saying “Go Mike Go 🤗🎉” when you or your teammates are eliminated in the upcoming RIF wave. Like turkeys voting for Thanksgiving. Daft AF.
This just in - KK just handcuffed himself to the main doors! He won’t let it be sold.
@ak
Where you pay triple the money for listening to talking heads, who have not come out of the ivory tower of academia.
Go Mike Go!!! 🤗🎉
Complete waste of money. Outsource to a real school like Wharton.
Growing leaders internally is not a thing anymore. We just hire them from Wells, BofA, JPMC, etc.
Thank God that silly thing is closing.
Yes. It’s closing by year end.
@OP Haven't heard. It looked empty the other day. I used to support that site, I personally enjoyed everyone there, Sh is the best. I question what kind of leaders they are producing though.
I saw that 200 (WS HQ) sold for 3.9 mil at auction.
Can they take all the "leaders" with them?