Our company just posted tremendous results for the third quarter and now year to date in a difficult world to say the least. Frank thanked all 44,000 who have all contributed to this achievement! Incredible new clients who have signed in with Fiserv as we become a client and associate focused company!!!
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OFS is supposed to be driving the shareholder value into a ditch, but OFD hasn't finished digging it yet. Teamwork.
Maybe you OFS guys could stop posting and actually drive shareholder value
How are you banking 15% returns this year? Unless you mean negative 15%.
"Listen as long as I’m banking my 15% yearly return I could care less how employees are treated and how much frank makes"
See. Not an employee, just an investor.
They don’t build things, they cut expenses and manage costs. Not much skill in that
This is the same thing Frank did at First Data. Made their numbers buy cutting benefits and reducing sites and staff.
Stock at $93 expect more layoffs soon. Frank needs a new boat
Cool, now maybe if they could give us worker bee minions a payrise and stop removing the whole reason why we actually go to work in the first place that would be fab... :)
Listen as long as I’m banking my 15% yearly return I could care less how employees are treated and how much frank makes
It is really hard to be sympathetic to Frank when he cost shifts to employees, strips employee benefits and posts up financial numbers that look pretty good. Maybe Fiserv should spruce up their employee benefits with a small amount of that 900 million in free cash, a small amount of the 1.03 billion spend toward existing debt, better yet carve out a little of the 1.4 billion spend in stock buybacks YTD, or donate some of your end of year executive bonus totaling 44.9 million divided between the executives, to the hard working employee's at your company that make it possible. I will note, revenue is down mildly year to date, the company seems to have a solid cash flow during this tuff season. There is no need for the company to keep benefits stripped away anymore, or make employees pay more for medical as they get an increase in their pay.
Executive Pay - https://www.execpay.org/news/fiserv-inc-2019-compensation-3236#:~:text=Fiserv%20reports%202019%20executive%20compensation&text=Bisignano%2C%20Chief%20Operating%20Officer%2C%20received,%24331.9K%20in%20other%20compensation.
Sec Filing - https://sec.report/Document/0000798354-20-000022/
OFS here. Let's give Frank a chance. I don't think any company did great this quarter. Not sure the economy gets better till second quarter of 2021.
OP is that you Frank? You did a great job this quarter. Please continue sc*ewing over the employees to keep returning those stellar results! My suggestion for fourth quarter is to implement a remote work charge to all employees. Why should Fiserv bear the tech costs of employees working from home? Charge for use of the VPN as well as bandwidth usage on the network.
Revenue fell short. Employees will be bearing the brunt of EPS increases.
yep. and they got rid of 401k so they could meet those numbers. evil. and awful.
That is great news. I'm glad that stripping away those employee benefits allowed him to look good for stockholders. Maybe that 600 million he saved the company in the last month should go towards employees and maybe restores some of the benefits, instead of limning his pocket in bonuses for the year.