There is fraud at this company. Please investigate the way employees are treated and the way the merger happened.
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The result of B&B grandiosity and the forest Gump of CEOs KK
The law of natural selection. Derivative suit anyone. Suntrust was not a good bank and had no clue how to execute on the basics. How did they end running the company?
Any idea when the lawsuit will be made public
Don’t think Bill is making these decisions in a vacuum. The BOD is rubber stamping all that is being done. If Bill retired and Beau is elevated do we really think anything is going to change? Beau would be a continuation of all we currently have. Best hope is an outsider being brought in as CEO and Beau, Joe and possibly others ride off into sunset of retirement and real change comes about. It’s not going to happen but we can dream.
There actually is a huge disparity in the way hBBT employees were targeted in the new structure. Look around the top level positions. There are very few left. That’s why we now have no vision and are working on SunTrust’s old worn out playbook. I’m sure when this all began there was an honest desire to take the best of both companies and create a truly blended organization. However after CoVid and Kelly’s exit Bill knew nothing except what got SunTrust bought to begin with and then he ran off the entirety of the BBT side of the board and all the BBT executives. Now it has become SunTruist 2.0.
Will the board and Bill fix the mess? Anyone with any sense can see that seems quite unlikely. More of the same just on a much grander scale…it’s all they are capable of doing. This board is a feckless entity not asking the hard questions. Like maybe if we threw out 20,000+ employees why is the efficiency ratio still almost 60%? How is that even possible? Or maybe why didn’t we invest back into the business the money from the insurance business sale? Did we really need to pass out $9,000,000 to “retain” our leaders or was that one hand washing the other?
So yeah, there is a lot that went down that may not have been illegal but certainly was unethical. Now we pay the price. It looks like 5-6 years of failing before we get sold to some real bankers.
Well if they do it will be funny to see what said law was broken to funny how this stuff gets posted
If there was a serious reality you wouldn’t be posting on here if a lawsuit was happening