That's because GP and all the other fintech's of the world have CASH ON HAND. FIS has about 27 cents in the bank. Why? Because they squander their monies paying off garbage companies like McKinsey, lawsuits because the executives are mo--nic piece of @!$%, Hiring almost 1 for 1 of Indian staff who do not know the first thing about their job, and overbloating their entire infrastructure thinking 800 people in a business unit is good instead of cleaning up all the fatness and trash that is lying around.
It is amazing that the board has not thrown ferris and all the ilk she brought in into a wood chipper and actually clean up the mis-management. Until that happens, we are just a weight of the universe sinking into the darkness. Garbage in, garbage out. Yes people everywhere. Bloated departments, Zero benefit of anything.
How many Global companies do you know that provide the worst insurance that is just shy of being as bad as obamacare? How many global companies refuse to give raises until 3 or 4 years later? How many companies when they give a raise, it is .25-1.5% when cost of living has gone up 3-7%? How global companies do you know throw money down the toilet on a daily basis with trash management and executives? How many global companies HIDE their RIFS y telling people they are the only one let go violating federal law? How many companies do you know they fire older employees with all the experience, knowledge, and means without providing lists of age and titles fired and remaining violating federal laws? There are more lawsuits on the horizon. And the garbage bird who is going to make 20 million+ just by leaving is just the surface. Others sending core jobs overseas to bypass federal laws and get around things, there will be a lot more lawsuits.
The leadership of this company just looks out for bonuses and pay days for themselves. Not a thing done has been to the benefit of the company. It is just to keep their name off of executive reporting so they retain and get more money. Nothing for the employee. Customers First! (Sc--w the employees).
Huge sinking ship. Huge.