https://removepaywalls.com/https://www.ft.com/content/075e268d-1ec9-47e0-bd78-dec2d9f95004
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@ah
Your post didn't age well. There are many with f stock wishing for a 34-cent decrease this morning.
So glad I didn't participate in that stock plan since I started working here couple years back. How could you if you are aware of the ins and outs of this dumpster fire? Clients going live without awareness, hiring oblivious people, NO standards? Put my $$ in NVIDIA instead and its a great reward! Well maybe if FISV dips to 50 I'll buy.
Two weeks ago, we wrote about IRS/SSA hybrid head honcho Frank Bisignano’s up to $617mn divestment from Fiserv, the payments company he used to run:
In order to comply with his ethics agreement to enter the US government in May, he was forced to sell hundreds of millions of dollars’ worth of shares in Fiserv — deferring taxes on the sale — and move his assets into diversified mutual funds, exchange traded funds or Treasuries.
[…]
Fiserv stock has fallen almost 34 per cent since he was confirmed to lead the social security administration on May 6, while the S&P 500 is up nearly 18 per cent. The 10-year Treasury yield is over 4 per cent.
As we noted then, it wasn’t a perfect time to sell a boatload of Fiserv stock, but it also wasn’t the worst time:
The more Fiserv tanks, the more timely Bisignano’s move to the public sector looks.
And, today, we can almost definitively say: very timely.