Nailed it if your Purpose is to lose 50% of your market cap and run off customers
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Stock took it on the chin again today. Down 25% YTD and over 35% from this time last year. As a long time BBTer nearing retirement not the way I thought I would go out. Just do not touch the pension; if that happens you will see a lot of the old guard looking for the door...
So when does William and his band of merry DEIers and ESGers be held accountable for the debacle SunTruist has become? Ever?
Overwhelmed. Underprepared.
This merger is a poster child of small minded bankers relying on second rate 25 year old consultants telling them what they need to do next.
As one who has achieved the lofty position of AVP, my friend, I can assure you that it is a worthy goal! People will fear and loath you . . . a few may even admire you! The money is amazing, of course, but the perks are incredible - wait until you see the AVP's bathroom! The stall doors extend almost all the way to the floor!!!
My purpose is to become an Assistant Vice President, by any means necessary. (Then I'll let it go to my head and act like a real jerk, but I won't see that in myself). Customers will love me, I'm sure of it.
Go Truist!