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 SunTruist way.
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Bender has proven to be a bigger snake which secured him the role.
Mo has been trying to leave Truist for the last year. He wasn’t waiting to be fully vested, that was lucky timing. Leapfrogging him for Bender pushed him to make some decisions.
Was it that he was passed over or did he get fully vested in the pension in December (5 years since merger) then duck out to another job?
Could be both. Decided to leave after getting passed over but waited until he became fully vested.
Earnings call in the morning will be interesting. Bill’s normal purposeful BS will, how can I say this, lack purpose as usual. Me thinks this mate has reached the end of the plank. But alas, whom among the gang of 22 could captain this ship? Joe? Leshner? McGuire? Don’t make me laugh! I am hopeful that the analysts will not let him off the hook but don’t expect it. PNC stock was around $120 in December 2019 it is now $200. Truist stock the same time frame was around $60 and is now $44. The prosecution rests your honor and there will be no need for a summation.
Staff leaving is one thing. But Clark; Mo and Cummins all leaving in a short span…. put the puzzle together the pieces are there.
Expect to see lots of attrition come March after AIP is paid and LTI vests