Mooney helped steer the KeyCorp past one of its darker eras. After hemorrhaging money in 2008 and 2009 and a precipitous drop in stock value, it returned to profitability within two years and repaid its $2.5 billion of TARP funds.
Meeting Investors:
One of the first planks of her 100-day plan was to go meet the investors. She spent first 30 days on the road meeting the top third of KeyCorp shareholders. In every single meeting, she said: ‘You are an owner of Key. Why do you own our stock, and what are your expectations?’ their response was they wanted to understand KeyCorp’s strategy, how they would differentiate themselves, and to ensure that they be disciplined.
Meeting Employees:
As a next step she had meeting with her employees, making sure they hear from the new CEO that their future is bright.