If you want to predict the next move by this jerk CEO, Simply see what Jaime D. does today, 3 months later, it will be applied at Fiserv.
He must have Jaime’s pics all over his private bathroom. He is obsessed by Jaime.
I am glad the stock is going down and soon will reflect FIS prices. I don’t own this piece of sh-t.
This is really well laid out. I do think that savvy investors, especially those who are well versed in tech, see the trend lines coming from this version of Fiserv leadership. The emphasis is on cuts instead of growth first and foremost. Secondly is the shunning of technology (RTO) undermining the workforce. It smacks of a CEO that is completely out of touch.
Wall Street overall doesn't seem to be buying what FB is selling...stock just flops around. For all the chest-thumping positivity, doesn't seem to be much buy in.
I left the company and had been in a position to have received restricted stock as part of compensation over several years. The stock issued under previous CEO appreciated nicely. The FB years broke even or had slight capital loss...so cash would have been preferable. Take away is that no one can tell what FB is doing--investors are confused, employees are disillusioned. Clients are incredulous. So many missteps and service issues that the huge inertia that keeps big clients from looking at major platform moves is beginning to crack, some are seriously looking at options and moves. There's been consolidation too (FIS) and other issues (FIS), but its a ripe environment for the second tier or (dare I say, fintech) new entrants to peel away some of that hard core (taken for granted) business. Doesn't take AI to see that coming. Just "I".
Each RTO turn of the sc--w or org change or increased uncertainty for the remaining "remote" workers sees a spike in LinkedIn requests and emails looking for ideas and help. How they can be so blind to how toxic an environment that currently exists is beyond me. Oblivious management--and no, nothing remotely related to the YV survey is going to wake anyone up--not depressed response rates or verbal broadsides and low scores.
A mind without a system is the definition of "chaos". A system without a mind is FISV.
Glassdoor - only 24% approve of Frankie.
Ride the rocket.... straight into the ground! smh
Will just leave this right here. https://www.marketwatch.com/data-news/fiserv-inc-stock-falls-thursday-underperforms-market-837ad2ce-4032aedaac14
Sold every share I had @ $121. Didn’t have very much but glad I dumped it.