#svp

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Looks like a Nielsen Senior Vice President made over 500K last year

Declaration that details her past earnings: https://storage.courtlistener.com/recap/gov.uscourts.cand.474723/gov.uscourts.cand.474723.1.5.pdf

And her Complaint against Nielsen: https://storage.courtlistener.com/recap/gov.uscourts.cand.474723/gov.uscourts.cand.474723.1.1.pdf


Calling All Unicorns - Fake Job Alert - ID 26973631 - Investor Services Technology - Data Solutions Senior Vice President

An impossibly defined unicorn job.

https://jobs.citi.com/job/jersey-city/investor-services-technology-data-solutions-senior-vice-president/287/97130417600

One SVP for at least advanced roles, which do not go together:

  • Data Strategy and Governance: Define data models, glossaries, and data architecture principles across 50+ Investor Services platforms (Custody, Fund Services, Post-Trade DVP/FOP).
  • Utility Engineering: Developing Java or Python code to build schema validators, data contract testing frameworks, and code generators.
  • Mapping SFTR, FATCA/CRS, SWIFT, and JSON/Avro data contracts.

Gifts to the workers during bad weather

I remember as a critical worker spending 1 to 3 sometimes 4 days at a
motel/hotel. During major blizzards, snowstorms and hurricanes.

Then waiting for the State Street shuttle van to pick us up and take us back
to the office at 1776 Hertiage Drive.

The highlight was when a SVP would come down to our department to thank
the workers. Then handing out the following thank you gifts.

State Street coffee cup, or a State Street shirt, or State Street Pen/Pencil set.
Wow I must have 10 coffee cups and T=shirts and other promotional products.

I guess they could not give out a check for maybe $50.00 to $100.00


EVPs and SVPs being hired as remote employees

There’s been talk about EVPs and SVPs being hired as remote employees in cities other than NYC and LA. I don't know which teams. What’s up with that?

People in NYC and LA were told to be in the office and that they can’t hire remote employees, yet some EVPs and SVPs are apparently being hired as remote employees.

Is this really happening?


St Louis employees getting notices next month

My SVP confirmed with me that all remaining employees in the McElfresh organization are getting letters to move to Dallas next month. This will practically affect all remaining people under McElfresh in St Louis. The goal is to consolidate all operations in Dallas in preparation for the final move to Plano in 2028. It was fun while it lasted but I guess the machine comes for everyone at the end and all roads lead to Plano.


Anyone know what specific Legg org VP/SVP teams will surplus in September?

I've heard more surplus is coming in September, and I am hoping I'm on that list! I asked to be on the July surplus and was told my department wasn't impacted so I could not be included. Any chance I will be on it in September? Specifically looking for impacted VP/SVP teams under Legg.


Frank delivered, like his personality or not.

This leadership under Mike is just moving deck chairs on the titanic!

  • expense out (severance)
  • expense in (all the new SVP's making millions each from JPM, know nothing about payments, bank software or anything other than consumer and commercial banking.
    Lots of luck, stock price down another 8%, I guess is improvement over the last few quarters with stock down 20-40%.

End of March Layoffs

Take this with a grain of salt but I heard from two unrelated sources that there will be a 1K cut at the end of March with the focus on mgmt (Dirs, SVPs...) We'll know soon enough but that layer is fairly fat and this is exactly where they would get the biggest bang for the buck (and the impact will be minimal).


FISV = $60?

Why are you guys surprised? All along I projected the stock to be in the 50s.

What is next? Fiserv is no longer a fintech company, it is a company with a bunch of accountants and top-heavy with VPs and SVPs. All its IP 🧐 assets are contractors. No one would invest in an accounting firm. Clover? It’s only 8% of the market and going down.

Infinite? Simply an agent, facilitating, accounting cover-up to beautify quarterly earnings.

Sad but this company is dead without its full time IP committed to Fiserv. Mike can’t do anything, Frank left him with long term contracts with third parties and many Frank’s kool-aid guys still around. Stock to $40 .

It will take Mike about another 2 years to know IP is a must to the survival of this company.


office politics

I’m being increasingly iced out by an SVP — removed from key business calls, not receiving responses, and no longer being included in important projects. Visibility and opportunities now appear limited to a small group who closely follow directives and have direct access to the SVP.