FB doesn't have a innovative bone in his body. Poor OFS people, we OFD folks thought it would greener pastures when the merger was announced and he (FB) would be out. What a double cross... With no real WFH flexibility and actual true remote positions with Covid still running rapidly, it's time to go. I WANT A PACKAGE tho, I am 20 years in! Fingers crossed, me and my colleagues are not located in any of the go forward sites.😫
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Sad to see Frank derangement syndrome in this site. He is instilling a winning, performance based culture. JY was a one trick pony stock buy back ceo who invested no money in ofs its people or its technology. He was fired, face the facts! You didn’t like a real ceo telling you what to do because it is not what you are used to…the sooner this is over and the new Fiserv is devoid of the negativity and whining the better.
KKR (Henry Kravis retired) is a legendary buy-out, debt and sell group. Read BARBARIANS AT THE GATE for their huge destructo-play on RJR Nabisco. They make money by buying firms through a huge pile of debt for purchase (Junk Bonds), tear apart their new toy into pieces and sell them. The firm does not really survive, employees are fired and KKR gets rich enormously so.
JY was a good CEO -had his faults yes and any firm has faults. But Fiserv was a fine place before the flying monkeys from First Data came in. It is a shadow now and fading.
The CEO is 62 and worth > $300 mill. But he needs 1 more big score before he retires. At the expense of everyone just trying to support their families
OFS here, and yeah we got a raw f’ing deal. JY was a real CEO and OFS flourished under his leadership. Everything good at OFS was pulled by OFD; employee stock purchase sucks now, use your personal phone as a work phone, no more WFH, 12/8 vax mandate deadline, automate, and cloud. They’re trying to push out the sys admins. I’ve never felt more my position is despised by your employer. Nov and Dec will interesting indeed!
With KKR involved, it won’t happen until this company is ripped apart and sold off. Ask yourself one question - why is Clover the only thing being promoted? Because that’s all he wants this company to be.
FB is KKR’s boy.
One thing is guaranteed. Frank and Guy are walking with > $250,000,000 from gutting this thing
I wonder if he has shoet order on the stock.