If it's good enough for Verizon, Walmart, AT&T, Meta, Home Depot, Intel, Comcast, Walt Disney, Visa, Capital One Financial, Lockheed Martin, Amazon, Lowe's, United Parcel Service (UPS), and Texas Instruments... Fiserv is probably using the same tax cut loopholes.
https://www.commondreams.org/news/corporate-stock-buybacks-after-trump-tax-cuts
If the FSU coach has a buyout, can we pool our funds and buy out Frankenmistake? Asking for a friend
Intel did put too much money into stock buybacks and not enough into product development and fell behind a competitor (TSMC). But, quoting Yabuki many years ago "Fiserv is not Apple".
Investment in the business takes time to deliver value. Frank will be gone before that happens, so he uses different techniques to get the most wealth for himself.
They both serve to boost the stock price. Fiserv execs can’t make that happen through sales and organic growth.