If you needed any more confirmation that the merger between BB&T and SunTrust was a failure this is it. When Bill Rogers leaves in April 2027, there will be no one left of the original executive leadership team that was in place when the “Merger of Equals” was announced in early 2019. The formation of Truist from the name to the co-leadership structure will be a cautionary tale for how not to do a merger. The only people who benefited were the executive leadership who walked away with golden parachutes 🪂 or took early retirement packages that were very expensive. #ArrangedMarriage
9 replies (most recent on top)
@f5 agree. I like him and he’s not afraid to share his opinions, which are pretty grounded most of the time.
@ah Lmao fr
@en he’s not wrong
@de He’s had a burr in his saddle from them for a long time.
It was Chuck that posted it.
I was at BBT before I went to STI and then become TFC. Almost literally every decision I saw made was based on “fair” rather than “right for the shareholder” or employee. The color, the name, the 50/50 split of every committee and management team, the constant compromises on systems and talent. Doomed from the start, including the idea that two orgs run by stodgy “up from the mailroom” guys who’d never been outside their own backyards could suddenly become tech bro’s to the millennials (the one demographic who likes the name) was a true smh moment. Good luck Mike…. Hope you find a renewed partnership with Bill and the Steel City.
Hm. Who posted that lol
If I see anyone thank Bill on LinkedIn I may go run into rush hour traffic
KMW was there.