Come July 1, expect more fines down the road. Once FB becomes CEO, it becomes his responsibility for the accuracy and availability of the information put into financial reports. Hasn't had a real good track record there.
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They might have to color outside the lines to get this dog of a stock to move
There’s a great opportunity to save costs in yearly stock options grants to VP’s and above. Extreme amount of dollars that could be used to fairly compensate staff
Fines come after investigations. Investigations take many years and are made public. There are no current investigations.
As a result, I give this post 4 out of 5 pinnochios, there will not be any fines after July 1.
I'm all for a good reorg of management with less than 10 direct reports.
Let’s be very honest, Fiserv like First Data is very too heavy. Way too many SVO’s, VP’s and directors. The same was true with First Data although it does seem worse at Fiserv. It’s probably time to evaluate if all those upper management roles are necessary and save some of the worker bees.
Fiserv is carrying a large number of VP’s without the commiserate span and control. Like orgs of less than 10. Mostly people on the payroll who the execs are scared of due to their perceived value or influence. This however is the next area of reductions in that first data isn’t intimidated by the old fiserv deadwood
Honestly no. The Fiserv CFO is top notch. There won’t be any funny business or mistakes from him. Plenty of clowns in leadership roles, but he’s not one of them