Yabuki sold his soul and the rest of us to the devil

These guys are just plain dirty. Cavicchia and Frankie..are in round 3 of their dirty corporate takedowns. Buckle up Fiserv.

“Cavicchia used the Metropolis platform to access emails related to the internal probe — some of which were from top executives, according to the report. JPMorgan believed Cavicchia shared the contents of those emails with Bisignano after he left to join First Data.

Though JPMorgan considered filing a suspicious activity report about the incident, the company ultimately decided against it — a decision that was controversial among senior executives, according to Bloomberg.

Cavicchia negotiated a severance package and was forced to resign. He is one of a handful of executives who followed Bisignano to First Data from JPMorgan.”

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To be fair, Jeff never had a soul

Just check this list and see who was on the worst CEO in the US list back in 2014.

https://www.rediff.com/business/slide-show/slide-show-1-special-9-ceos-with-the-worst-reputations/20140602.htm#3

I worked under the original founders and I concur that Yabuki was a terrible CEO for the employees! Memories run short and people have already forgotten that Yabuki was voted "Worst CEO" in the US back in 2013 (Google it). Yabuki was a creature of Wall Street and he laid the foundation that Frank builds on today. The first company-wide layoffs started under Yabuki back in 2009. Yabuki started the aggressive outsourcing to India back in 2006 and greatly expanded the reliance on H1-B workers from India in the US which replace good-paying jobs in the US with foreign imported workers. There are too many other things to list but Frank stands on the shoulders of Yabuki in the worst possible way.

Yabuki might have been good for the company but he wasn't good for the employees. Don't get me wrong he was a million times better than Frank but he was still horrible to the employees. The only "good" thing Yabuki did was a flexible work arrangement. Raises were poor, bonuses for the rare people who got them were horrible unless you were a VP or higher. He eliminated the profit share, during a time of record profits. He was able to keep the stock moving in the right direction at least.

Yabuki was good - I think he was probably forced out due to the FD acquisition if you ask me. I don't think he sold his soul out - that seems unfair. Good for him at ejecting when he did and maximizing the 10+ years he invested to improving our stock price. I hope he's enjoying his Shaun White florida place on a regular basis!

Frank does not care about legacy - money is his game as is with anyone with a KKR background. Just remember the line from CITIZEN KANE - " Well, it's no trick to make alot of money ..... if all you want is to make alot of money."

Thread regarding Fiserv Inc. layoffs

Yabuki sold his soul and the rest of us to the devil

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