Thread regarding Fiserv Inc. layoffs

Frank the Tank

Fiserv is the epitome of BOD / CEO corruption. Any truly independent BOD would get rid of Frank. However, goes to show how much in bed these BODs are with CEO’s to line their own pockets. For any accountants still at Fiserv, leave now while you can. I give it 1-2 years before the auditors issue an SD or MW internal control deficiency opinion. If you don’t like how much the stock has tanked under frank already, just wait until that happens.

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Post ID: @OP+1diU5USq

9 replies (most recent on top)

It’s sweet that you can google. But you’re both d-mb, they clean up on RSU,s. And no downside like a strike price for options

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Post ID: @1wqg+1diU5USq

Restricted shares and stock options are both forms of equity compensation, but each comes with some conditions.
Insiders are often awarded restricted shares after a merger or other major corporate event. The restrictions are intended to deter premature selling that might adversely affect the company.

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Post ID: @1dds+1diU5USq

"VP’s and up get something called restricted shares. That means stock at zero cost to them."

Sorry, but...

RSUs (Restricted Stock Units) are usually given out to lower-level execs and higher-level/valuable non-management employers (e.g. architects, tech leads, etc,) as a means of retention, because an RSU doesn't mature or convert into actual stock until its vestment date (1-5 years, depending - typically a 2-year vestment date). Once it matures, it converts into stock, some of it is immediately sold (for income tax, which are noted in your W2), and after that is treated like normal stock.

Stock Options (which is what I think you were talking about) are usually reserved for the upper execs and C-level types, and have a whole different set of rules.

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Post ID: @1czp+1diU5USq

Nothing accurate in this entire string.

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Post ID: @1iwz+1diU5USq

VP’s and up get something called restricted shares. That means stock at zero cost to them. So even if the stock doesn’t increase it’s a 6 figure yearly payout to them. Do stock buy backs, rinse and repeat. But now things are getting tight due to lack of execution, so now the mass layoff

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Post ID: @1ipo+1diU5USq

The stock has tanked because all the people that left cashed out their shares this month. It also drops prior to every quarter because the execs sell before the employees can resulting in $0 profit for us. The stock is driven by insider trading and investment companies. Hence why the stock never moves up

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Post ID: @1fxg+1diU5USq

Lemme guess, COL or Architect? COL was always, always a stinking pile of you know what.

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Post ID: @1lss+1diU5USq

I am hearing large lawsuit is forming against one of the main online banking systems for failure to deliver and outages. This will sure to be big news on Wall Street if the issues are not fixed and done some quickly.

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Post ID: @1zmy+1diU5USq

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