This is a colossal mis-management by the new CEO, CFO and Head of Investor Relations. No excuses.
16 replies (most recent on top)
@OP to just be because there's no fu-kibg way you're blaming this sh-t on a CEO that has only been in place for 2 months, not even a full quarter. This is your fault, Frank!
Not saying the top aren't mismanaging... But wonder what each person complaining is doing that makes Fiserv products better or of some that can't be replaced. Have not seen much of that in the employees either. Surprise! It naturally makes sense for people here to have this mindset and daily focus as part of a failing company.
Lay offs started yesterday. Bad practices and unethical behaviours at its best. Multiple directors were told their job disappeared via email after regular 121. Irish VPs and EU CEO holding their chair and caring zero about people.
This is 100% on Frank and his cronies on the board and the C-level.
There was a big drop prior to the earnings call. It's recovered post-call. To early to tell the market direction after the slightly beating analyst projections. The forward looking guidance looks positive.
The Board is also responsible and need to be held accountable.
When Frank left, the truth is now allowed to come out!
The delayed results of Franks policies and wringing out every last cent, for his own pocket and Fiserv be damn'd. KKR and their boy!
100 points down in 4 months…. Wild
Naw, this was all Frank- growing EPS by cutting costs catches up eventually.
Continue to Layoff long time loyal employees because they are too old(?)and hire H1 visa folks with fake resumes.. stock will do very well.
heads need to roll. Get all employees back in the office. Too many contractors riding time working multiple jobs from home
As if there were not going to be problems with the cr-p Frank pulled the last number of years? Get real. Fiserv is reaping the rewards of Frank and his cronies. While walking away a multimillionaire.
Not fair to blame the CEO this early. Stock prices are affected by different things. Even just changing CEO from FB to ML is a significant event and could drive the stock price downwards.
Too early to put it on the new CEO. The rest have at it, they were all complicit to Frank’s scheme. Now were gutted and falling apart.
Good. This company su-ks.