It didn’t take long for Chris Ward to drink the Purple kool aid as he lays off people in mass.
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Payments in delivery is overpaid and overvalued. Also, how did Kelly get elevated after only being at Truist for a little over a year and with her 20 years experience at Amex. Was she really the best the bank has?
Ward is one of many from other banks that has been brought in since early 2022. Bill and his gang of Suntrust investment bankers have run off so much internal talent they’ve paid big money for outsiders. None have had any effect on culture in a positive way. Many like DeMaio have had the opposite effect and ran off even more talented people. If BOD doesn’t replace Bill this year this sh**show will have no chance of remaining a top tier financial institution.
Doubtful he will make it to 2025.
Is this for real?