market capitalization of $64.7 billion, as of December 31, 2020.
They can’t blame it all on Kelly as much as we’d like. The butterflies are still dying it’s just not KK ki-ling them.
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No executive will ever be fired. Worker bees get the axe.
If you're in a hole stop digging. Fire every c level exec at Truist to stop digging. Establish a non-executive chairman.
You absolutely can blame most of the above market decline in this company since he’s the one who threw BBT into the den of vipers and peace’s out.
Kelly says:
So my advice is to embrace change, focus on your purpose and Help Others. Plant seeds of Hope(Smile).Remember, your life matters. God bless you.
It's all about relative performance and truist stinks to high heaven
Since someone brought it up: BAC down 16% YTD; Wells is flat; PNC and USB down 21%. Truist down 32%
It is true that all banks have seen their market cap fall. Truist’s decline however, even on a relative basis, is pretty stunning.
There is a wise old business maxim that says only a fool thinks the same management team that created a big mess, has the ability to get you out of it. But, I guess as long as the board members checks don’t bounce, full steam ahead.
BAC's market cap has went down significantly as well.
Market cap is BELOW BBT from before the merger, I think 64b puts it below SunTrust as well.