The press release identifies Michael P. Lyons as president and CEO. Who'll be chair of the board? Where will the true power lie in this company?
Will Frank continue to rule from the shadows as he ruins the social security admin?
4 replies (most recent on top)
He will not be Chairman or on the Board of Fiserv once he joins the SSA.
Press release says one of the current board members will be Chairman.
He needs to sell all of his shares before the share price collapses. He must be "forced" to resign form the board and sell all of his shares while the share price is still high.
Staying on the board would contradict his exit plan.
The current chairman will be GONE once confirmed. He will have to resign as he can't serve in the private sector in a corporate role after accepting the government position. This would be the earliest exit scenario. To my knowledge the confirmation hearing date has not been set, but should happen within 30 days.