Thread regarding Truist Bank layoffs

@gg he sold out every single BB&T employee. He’ll learn money is a cold friend.

@as same thing with Merrill Lynch. Its’ wealth management division kept it afloat after the greed from the subprime disaster almost completely sunk it. Stan O’Neill received over a $150 million golden parachute leaving many with their savings in ruins and jobs lost. And people always forget the board of directors who rubber stamp the CEOs and the greed like the subprime disaster.

Ken Lewis should be #1. Most people have forgotten what that man did to BoA and then to Merrill Lynch.

I think the reason the vast majority of people do not like Kelly King goes way deeper than him making a big mistake. Everyone makes mistakes.

My opinion is most people simply didn’t know Kelly outside of his self-help sermons, and assumed he was sincere. The merger and its aftermath put his actions, not words, front and center. It became very apparent how different the two were.

@c8 no john allison was a great ceo. Kelly did and knew nothing other than commercial banking

I lived in the declining succession of Crutchfield, Baker, Thompson, and Stumpf.

Stumpf takes the win everyday. The worst. Lied, cajoled, fumbled, bumbled, and aimlessly meandered through the worst merger in history (till KK and BR came along and said “hold my beer and watch iss”).

Kelly was a very good CEO that, unfortunately, made a catastrophically terrible decision at the end of his career. Sadly, that’s all he will be remembered for.

Kelly is an id--t and his son is too. They hit the lottery and shame on John Allison for gifting an id--t a free pass. Bill was just in right place bc Suntrust was a dumpster fire and he was the only one there. I hope both of those guys have an interesting retirement filled with misery and abuse. You ruined a lot of lives.

I don’t know about the “worst” CEO, but in my opinion Kelly King messed up the easiest layup. He cruised in John Allison’s wake most of his tenure, and had some good people running the bank.
It was the perfect fit for his level of intellect. Let others run the bank, and he could play his tent preacher schtick to the rural, fundamental part of the workforce and gain their blind support.
He could have gone out like that, admired by a big component of his employees. Instead, he found a way to lose a poker hand when he was holding a royal flush.

Bill is bad but Dave Daberko takes the cake. National City bank CEO. I was in Cleveland on a high producers summit in summer of 2006. He came down to talk to us and bragged for an hour about how we had become a power player in sub prime and our spreads were incredible and we were burying fifth third. Sadly the bank at that point was like a person that had touched uranium, a walking corpse. Two years later it was about to be shut by the gov and a forced sale to pnc happens for Pennies on the dollar. Dave got his golden parachute and left behind a debated community and bank with tens of thousands to then be laid off. And fifth third is still going strong twenty years later while nat city is just a distant dream of a memory.

Bill can’t even make a peanut butter and jelly sandwich. He is pathetic.

Bill is the clear winner here. Case studies are being written based on how bad he is at CEO. UNC Chapel Hill has been downgraded to #75 in the US from top #25 because of Bill.