Thread regarding Truist Bank layoffs

8K SEC filing - Donta new salary: 750k, 6MM total comp

Compensation Increase for Dontá Wilson: the Committee approved a substantial compensation increase for Mr. Dontá Wilson, who was promoted in November to Chief Consumer and Small Business Banking Officer. Effective January 1, 2024, his base salary will be $750,000 with total annual target compensation of $6,000,000, including various forms of incentives and stock units.

https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=317945260&type=HTML&symbol=TFC&cdn=5dc5ab74ad45d407b7754dcc6927913a&companyName=Truist+Financial+Corporation&formType=8-K&dateFiled=2023-12-22

by Anonymous
| 19931 views | | 12 replies (last January 3, 2024) | Reply
Post ID: @OP+1qcrFBKU
Comment! It's anonymous!

12 replies (most recent on top)

Good to be him.

by Anonymous
| | Reply
Post ID: @cdil+1qcrFBKU

All races and genders aside. Danta is a joke.

No accountability for his poor performance just additional headcount with endless salary increases. Nice guy sure, terrible performer.

by Anonymous
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Post ID: @5lxu+1qcrFBKU

But hey, let’s reduce the 401k matching.

by Anonymous
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Post ID: @2qal+1qcrFBKU

Optics! We don’t care about no stinking optics. We getting ours!

by Anonymous
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Post ID: @1zaz+1qcrFBKU

So, if this is true, and the people on this new operating council are getting big salaries with $MM incentive packages all the while the “regular” employees get benefits cut or kicked to the curb a/k/a laid off, the optics on this are Really Bad.

by Anonymous
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Post ID: @1rza+1qcrFBKU

Could it be that one of the incentive targets will be tied to Customer Satisfaction? - Probably not, guess they figure $6M is well deserved for a last place JD Power ranking. Good grief Charlie Brown

by Anonymous
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Post ID: @1nqk+1qcrFBKU

Donta is smart af and an awesome person. You all could learn something from him

by Anonymous
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Post ID: @1zrb+1qcrFBKU

Hey y'all, don't hate the playah, hate the game! And mind your own business!

by Donta "Mr. Six Million"
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Post ID: @1xva+1qcrFBKU

LinkedIn-fans model?

by Anonymous
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Post ID: @1buk+1qcrFBKU

Wound someone please tell me what Donte does to earn that sort of compensation? I

by $6mm dollar man
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Post ID: @1vox+1qcrFBKU

The biggest part of this filing is a change to the “Change in Control” or golden parachute program. From what I can understand it no longer just applies to a few named executive officers, but apparently to everyone on that ridiculously huge operating council. So if I am reading this correctly, it certainly raises a lot of questions about why this change was needed and why so many people are now entitled to this given the size of the bank. I mean, this place just seems to be unraveling.

Also, I work in CSBB, we never hear from DW and couldn’t tell you how he spends him time. There is occasionally a video posted, and I find them embarrassing.

by Anonymous
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Post ID: @iua+1qcrFBKU

What does he actually do, besides disseminate the BS from above?

by Anonymous
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Post ID: @hfj+1qcrFBKU

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