It is very easy to destroy a reputation and I think our leadership has done just that. I'm embarrassed to tell people I still work here. I wonder if they even think about the reputation of this place, are they aware of how tarnished it is and will it even be possible to improve the reputation anymore??
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Drop Truist like a used rubber!
Yes the analysts are starting to sniff out the BS and looking for accountability. This will be bad for “Teammates” as they only know how to rif for savings. Their idea of technology is having checkers checking checkers. Redundant nonsense instead of holding people accountable. This ain’t technology! 21 people on a BOD allows Bill to control easily. Kelly’s term on the board will be up end of year. Will he be replaced and if so why?
That’s the thing though….outside of the Exec team and the employees…..nobody thinks of Truist as a big player..
That stings the most to the delusional “leaders” of the bank. PNC will buy the failed 1stRep, Truist is not even being seriously considered.
Truist stands for better!
My guess is Bill/Beau would absolutely love to buy First Republic. Merger accounting can hide a lot of managerial weaknesses, but the merger excuse has an expiration date.
Truist management is now being forced to stand on their own merits, and earnings calls are a reminder analysts are recognizing this executive team is weak. Buying First Republic would grant executives another half-decade of fresh excuses, big payouts, and no performance expectations.
"The financial sector is currently the least unionized in the country despite having the largest footprint on the U.S. economy. Despite being heavily unionized everywhere else in the world, bank workers have few rights in the U.S. and international banks point to poor conditions in the here as justification for cutting costs elsewhere."
https://cwa-union.org/pages/bank_workers
Welcome to Corporate America. This merger opened the eyes of so many naive employees, especially on the hBBT side.
Yes then Bill can add more board members. Twenty one is just not enough!