https://www.charlotteobserver.com/news/business/article285686691.html
5 replies (most recent on top)
Billy Bob is doing well with his 13 million salary and over a million shares of stock to cash out when he sells the remainder of SunTruist next year. He sleeps well and ain’t worried about what you “Teammates” think of him and how he runs this bank. 10 billion coming in and zero bump in the stock price and credit ratings lowered and he’s still not losing any sleep. His BOD will reward him handsomely for this coup!
The Word Salad from Billy Bob never ceases to amaze me.
I started watching the special edition of the Purpose Corner.
Verbatim he says - Truist has agreed to sell the remaining stake of Truist Insurance Holdings to Stone Point etc.
AGREED TO SELL?!?
Really? It was your Effen idea Billy Bob.
AGREED?
If I make reservations for dinner at a restaurant and we decide when to meet, that is an AGREEMENT.
BR, YOU decided on selling off the insurance. Efffffferrrrrr
Saw where Fitch downgraded Truist from A+ to A due to no longer having income stream from McGriff. Guess the Agency doesn’t like the fact the TFC now must rely solely on NII and revenue from IB, Payments and Wealth just line all of our Peers.
Down.The.River.
It’s not a shocker. But I also wonder what Bill will do with the money. Insurance has always provided the bank with a steady income stream in times of interest rate volatility. So how will Truist deal with the volatility?