What kind of integrity does a person have that is in a high position and leaks info? And you invest in this stock?
13 replies (most recent on top)
Doubt PC stopped using Palantir's software, and doubt he learned his lesson on ethical surveillance. Apparently First Data now Fiserv has been a customer of Palantir since 2013, which so happened to be when they joined First Data.
History repeats itself except now there are no jobs.
"Yep, just found out one of my colleagues is leaving the 10th, and I'll be out the door shortly. That's 50% of our team gone in three months.
Who cares? Let it burn."
CORRECTION: As of 11:30AM this morning, another team member put in their notice. When I go, that will be 63% of the team gone. Fun to watch things implode in real time.
"service is only going to get worse as the mass exists start to occur"
Yep, just found out one of my colleagues is leaving the 10th, and I'll be out the door shortly. That's 50% of our team gone in three months.
Who cares? Let it burn.
he is busy buying his nj town's politics (repub)
Wonder what else Frank has been doing under the covers? Did you notice that the Board of Directors also appear to be Frank's buddies? The Chairman is originally from JP Morgan.
Nothing is going to change here. The dingbat is here to stay.
service is only going to get worse as the mass exists start to occur
here is the relevant snippet from the article:
Senior investigators stumbled onto the full extent of the spying by accident. In May 2013 the bank’s leadership ordered an internal probe into who had leaked a document to the New York Times about a federal investigation of JPMorgan for possibly manipulating U.S. electricity markets. Evidence indicated the leaker could have been Frank Bisignano, who’d recently resigned as JPMorgan’s co-chief operating officer to become CEO of First Data Corp., the big payments processor. Cavicchia had used Metropolis to gain access to emails about the leak investigation—some written by top executives—and the bank believed he shared the contents of those emails and other communications with Bisignano after Bisignano had left the bank. (Inside JPMorgan, Bisignano was considered Cavicchia’s patron—a senior executive who protected and promoted him.)
JPMorgan officials debated whether to file a suspicious activity report with federal regulators about the internal security breach, as required by law whenever banks suspect regulatory violations. They decided not to—a controversial decision internally, according to multiple sources with the bank. Cavicchia negotiated a severance agreement and was forced to resign. He joined Bisignano at First Data, where he’s now a senior vice president. Chiarello also went to First Data, as president. After their departures, JPMorgan drastically curtailed its Palantir use, in part because “it never lived up to its promised potential,” says one JPMorgan executive who insisted on anonymity to discuss the decision.
See this article from another thread:
https://www.americanbanker.com/news/a-breach-from-within-why-jpmorgan-fired-lead-security-staffer
They are referring to the goings on at JPMorgan, where Frank B., Guy C. and Peter C. all 'honed' their skills. Frank was rumored to have leaked disparaging info about JP Morgan to gain some kind of advantage on his part. It's murky to me, even after reading the following article.
https://www.bloomberg.com/features/2018-palantir-peter-thiel/
Leaks info? What is that referring to?
meant to also add - in addition to your comment about him having no integrity, I am fairly certain he has no soul.
No and he never has. When the merger was announced, I was really hoping Frank was going to be out... I knew if he stayed everything would change. Now here we are. I left recently to work for a client. Today we have an outage. And from what I hear this is common. These latest bad decisions are only going to make things worse for everyone.