...to new highs all the whiners on here go back under their rocks.
19 replies (most recent on top)
Ryan S. You are such a a tool. I see you aka Ride the Rocket. Changing votes.
Unfortunately for Frankenstein, there isn't an infinite of tu-d polish in the world. He's probably hoping there is just enough to get him into retirement on a beach somewhere.
disclaimer: not a Fiserv employee, but CEO of a long time customer and the following is just my opinion, but
When you fire a bunch of workers or replace divisions with overseas help (a large reduction in expense) and pull in a way more than budgeted amount of monies from very high deconversion fees (a large boost to income), it is not hard to boost your stock price, temporarily.
I already paid our ~$90,000 fee to get off your cards/network and will gladly pay my $500,000+ fee to come off one of your old cores to go run elsewhere come 2025. That's 3 years worth of total invoices for our current Fiserv services, just in additional fees that you'll collect from me over a 3 month period this year. And since you didn't know we'd be out after 25 years of being in, you didn't budget any monies for those fees you'll be receiving and now it appears that you are blowing your revenue projections out of the water. That's great if there you are tripling your sales, but that's why your income is up. Once you figure out those are the last dollars coming Fiserv's way from this credit union and extrapolate that over the large amount of FIs that are currently/soon to be decoverting, and you have a big issue coming just a little ways down the line. Then you're going to be losing money quarter after quarter, which will lead to year after year, which will tank that stock price that you think is so special. Sure they'll sell some assets off and make some more cuts, whatever they can do to make it not look as bad as it really is, but it'll all catch up in due time.
I do not blame the employees, besides a small amount to the one card sales rep that ruined what was basically a perpetual renewal, for the last 20 years by dropping the ball. Everyone else has always been very helpful/pleasant to work with/etc. and I feel bad about the current environment that most of you seem to be suffering through and I thank you for the great service that you provided.
25 year relationship, over. No issues with Fiserv period, until the FD merger. Blame the management. CEO, for sure, but don't forget about the rest of the management team and the Board. CEO can't do a whole lot without the Board thinking its fine or even making the decision for the CEO to carry out. Sad.
My advise: better sell those shares while they are still worth something. If you don't sell them, it never matters what the price gets to, or how many shares you have, because you didn't get yours when you should have. Bet people on the board are selling. Good luck to everyone besides the person that posted this who thinks a fake stock price is the end all, be all. They have some lessons to learn.
To clarify: Leaving cards because the sales lady was terrible. Told her the costs and benefits offered my competitors (40% savings for my CU and she cut maybe 1% off the bill). Leaving the core, not because a drastic decline in service, your help desks may very well be overworked, but are still doing a great job, but more so because Fiserv charges way too much for the products they offer. There are much better cores and ancillary products out there for a fraction of the cost that Fiserv charges. Its just a business decision that makes sense. Once other CEOs contracts get close to renewal and they start to shop around, they'll be gone too.
Then why were employees told Fiserv didn’t meet their goals and had their incentives slashed?
How does the stock price rising impact employees, other than maybe reducing the intensity of layoffs in the near future (which is a best-case scenario)? It's not like Fiserv is providing large RSU grants to most associates. Oh wow, my $900 in FISV just increased by $10. Life-changing! It's meaningless to most people working here.
Yes their method is real world vs the "Most Admired" which are all execs glad handing each other in the good ol boy club.
Price is pumped annually (March). RSUs vest for the folks with thousands of shares to cash in and a load of unvested RSUs are foisted on folks for "bonuses" (miss the old days of CASH) in the March timeframe.
So... the execs with a zillion RSUs vesting can cash in AND the lil folks who get the meager "bonus" unvested RSUs get fewer shares.
Check back in May, it'll have plummeted.
It’s a Christmas miracle! Treasure the one little positive! They’re so few and far between.
hold then and see how that works out
Layoffs to cut costs and stock buy backs aren't a show of company success they are a show of desperation.
Funny how it took so many years for FB to get the stock from floundering. Before Frankserv the stock was always trending up and had a number of stock splits. Thanks for wasting six years great job.
you mixed up the pages. for stock bragging, go to y!finance or where ever you stockaholics meet nowadays.
Yeah...yeah...yeah...we know, to the moon.
Did you enjoy your vacation?
Stock price is a measurement. It means nothing in the face of the barbaric behavior those who run the company are displaying.
A stock price can rise and the company can still be sh**.
The rising stock price simply illustrates that Frank's is rewarding the shareholders who are his priority. We all know he has dramatically slashed expenses by eliminating thousands of positions over the past few years in order to boost profits. Clients who cannot get support are aghast.
when you got laid off, that means the company no longer need you… just move on!
True story!!! Ride the rocket
Not hard to pump a stock price when you manipulate the narrative and fire people. It’s Wall Street, it’s a game.