In something that should be common sense Mayo said (See American Banker) “frequency of these double bonuses seem unprecedented” “investors have the options to vote their views… this can reject the status quo at the underperformers”
What a year
Hard to believe it’s been almost a year since Project Star. What was supposed to save the bank money resulted in paying retentions for people to stay and much higher dollar eternally hires and we’re still not better off.
Audit Promotions
Does anyone know how promotions work in audit? My people manager does not do one on ones and she is beyond checked out. Thanks.
TRUIST CULTURE
YOUR COMPANY CULTURE IS NOT WORDS ON YOUR WEBSITE OR POSTERS ON THE WALL. IT'S HOW YOUR PEOPLE FEEL ON A SUNDAY NIGHT.
Did anyone else see the cancelling black history month email?
Either on accident or purposefully, someone sent out an email chain between directors about cancelling black history month and how bad the optics would be if people figured out what they were doing Hilarious that someone leaked it, major props
Retail Goals Set for Q2-Q4
What reputable institution would go into a year nosediving with no vision for the teams they are entrusted to run. Yet again, another year with no direction for teammates. Front line management is likely to have goals and a plan by the 7th week in... — read more
pension
Am I missing something? Truist is one of the few companies that offer a pension. This is free money for the rest of your life after you retire. Is this one of the reasons why employees stay rather than leave for a potential higher salary?
Reputation of Mediocrity
Truist has the reputation of having “mediocre employees”. Most employees are not career driven and stay in their same positions for 5-15 years and are ok with the meager 1-2% merit increase every year. Kind of sad. Other companies I’ve worked at... — read more
Culture -- An example of what's lacking?
"Andy's such a special person," Hunt said. "Obviously, he's an incredible coach, but I think the thing that people don't really know about Andy is the relationships he has with all of his players [and] all of his coaching staff. If you talk to any of... — read more
Wealth All Hands Call
we already one in January. 2nd today Brian stands at podium for a virtual call regurgitating nonsense clearly feeling pressure from EL made no new waves with future plan “growth” said 15 times leaders in wealth have never sold ... — read more
Bill is Dan Snyder
Leadership is key within any organization whether it is a professional football team or the largest bank. The culture and accountability is set by leaders. Focus on culture and results happen, focus on results and culture suffers and hence bad or... — read more
Retired and happy, but not with Truist!
As a former employee and happily retired, I must say IMO the bank has certainly gone downhill. The Help Desk and HR is beyond unfriendly and useless. I left BofA years ago and their HR team is delightful...what happened Truist? I can't recommend... — read more
Chief Technology Risk Officer Is Gone
Dallas the Chief Technology Risk Officer has been shown the door. He lasted 18 months at Suntruist. Terrible hire by Clarke. Zero leadership. Zero vision. 100% bad behavior. Hope he takes most of the people he brought in with him. Was he part... — read more
DEI Rationalization Effort
I feel compelled to share there is a “DEI Rationalization Effort” underway to assess pros/cons of nixing DEI to align with new federal guidelines. The project and details are shared on a business “need to know” basis. DEI won’t be around that much... — read more
Sourcing
What is going on with these people? Everything takes forever, they all seem to be especially miserable and the steps to get anything done are horrendous. Who came up with this process and why is change impossible??
I made a mistake by staying
When health starts to go downhill, it’s already too late. I should’ve started looking for something else long before stress took its toll on me. This place always wants more, pushing everyone to the limit. It’d be eye-opening to see how many have... — read more
Audit Leadership Conference
Who was happy Senior Audit Managers and above were sent to Charlotte this week and were in conferences all day?!?! Finally could get some work done. I hope they had fun at top golf last night.
Davos
Anyone have an update on how Bill’s new jet performed for the flight to Davos?
Pension
Who manages Truist's pension plan?
Truist to eliminate DEI
Hearing from credible sources in HR that Truist will align with the federal government’s hiring practices and equal employment (EEO) policies. Truist will eliminate all DEI based positions and business resource groups. KMW is poised to be laid off... — read more
2025 Branch Banking Incentive Plan
Just found out on a conference call yesterday. Instead of your branch having to meet goal to get a quarterly bonus now your region has to meet goal. Which Truist knows will never happen. So now we will be lucky to get a raise or incentive.
Raises and Aip
Anyone hear anything?
Bill being Bill
If you can’t dazzle them with science baffle them with BS: We see multiple paths and initiatives that, with proper execution, will result in improved performance, which we expect to show you in 2025," Rogers said. "I'm as optimistic as ever about... — read more
Resignation timing to get bonus?
If AIP discussions are scheduled by March 3, and payout is around March 10th, what day should a 2-week resignation letter be submitted in order to get the full bonus check without penalty?
RTO
The RTO that is ridiculous. Unless you are client facing, how productive is sitting in your car for hours a day. We merged 2 banks from our homes. That said. EL will just say find another job, because they would rather bear the cost of training a... — read more
Glassdoor Ratings
Why is it Truist has lower ratings on Glassdoor relative to other banks? Is the employee experience that much worse? Curious what others have to say.
Another one gone
Deputy Chief Risk Officer Mo Ramani didn’t stay long after being passed over by Bender as Starnes replacement. A number of people were passed over to bring him in as Starnes future replacement and then bootlicker Brad got the job over him. The... — read more
Bank wide call
What's the bank wide call today at 5pm EST?
CTO Outsourcing
Any truth to the rumors of Accenture taking over more groups in CTO?
What is going on with the Alabama Region in CCB
Getting merged with Florida or Georgia. There is no RP there still, what is the word on any realignment?
A change in leadership has no bearing on us
Whatever happens in the future, we are still going to be exposed to bad management, overworked, and treated like numbers. There will be layoffs and reorgs. There will be different attrition tactics. Cost-cutting, inflating stock prices, and... — read more
Beau departure - Sale of Truist
Beau’s departure is the first step in selling Truist later this year. Bill will announce his retirement by June. Inevitably Truist will be sold by end of year. The sale of TIH along with resignations of C Suite and Board members are all major red... — read more
Beau leaving
What does this mean for Truist? Is more layoffs in the near future a rumor?
Audit Favorites
Audit is only hiring their favorites from their past organization and no one else has a chance. Rules are bent to get them in. I cannot believe how blatant it is. Do not waste your time applying, they already know who they are hiring.
ATL WCD moving to the Battery
Thoughts on the movement of CIB, CRE, and structured credit teams moving from downtown ATL to the battery? Seems like it punishes those who chose to live close to the existing office. The battery isn’t even inside the perimeter.
Free yourself from bondage
Free yourself from the bondage that is Truist. This place ruins people’s lives in every way possible. Enjoy life and leave Truist this year!
Downer
Anyone work closely with him? What do you all think?
A few more hours and we'll be in 2025
Since this year was horrible for Truist and its employees, let's hope the next one is better than the current one in every way possible!