The leaders that grew the company. We had a 15% stock discount and it grew at 10%-15% a year. We all shared in that success. Now only the execs are making money
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it was not JYs decision it was the Boards.
We love Omaha, there is no issue with Omaha, just remodeled, great leadership in place with George. No need to move jobs out in fact we need to grow Omaha for incentives.
So now growth is the goal. You really need to make up your mind
(Growth is also the goal of a non-profit)
Dude a company that’s not growing is dead. Go work at a non profit if you think growth isn’t the goal.
Lookin at what unfolded, JY saw the type of leader FB was, and decided to cut bait, because it would effect his reputation. So he pull the chute, and took another company public. He wasn't the top CEO by any means, but i think he was smart in what he did.
We are seeing the fallout from FB running the ship, and soon the company will start selling off business units for scrap. I mean digital channels has been the most impacted by the gutting of the ETG/FTS teams knowledge, and it wont be long until Digital Channels is sold off because the new leaders don't have a clue what they are doing.
The other options is to bring in some strong leadership and fire the entire C-D level and especially their new security group starting from Jason Dewez down. No one wants to work with them, and their security policies don't incorporate known cyber security standards like NIST, and PCI governance is failing as well. Look at how many times they were late filing with Visa on the Global Registry. I mean it is a Fintech filing for PCI of all things.
I really hate this mentality, this is the mentality of wall street, and this is the reason we are in our current situation. Growing 10%-15% year over year just isn't realistic forever. It has to stop eventually. If it actually kept going that way fiserv would have all the money on earth. A few other companies are trying it; Apple, Amazon, and Tesla. But those rockets can't last forever. I think JY recognized this and bailed at the exact right time. FB being too stupid or stubborn got in at the wrong time. I don't think he can make wall street and employees happy at the same time. And I think he is only focused on making wall street happy because of comments like yours. It's a double edged sword.
The leaders in NY hate Omaha. It’s taken a while but they’ve eliminated everyone with any power. They’re not done reducing staff there but they do it via attrition. People leave and are not replaced. The future of Omaha is “the factory.” Output, data center, call center. The other jobs - client relationship, implementations, conversions and any other business-type functions are moving to NJ but too slowly for Frank. IT is still up in the air. Too many invaluable people that can’t be replaced via outsourcing.
And it’s all but forgotten it all started in Omaha…the leaders today I’m certain would like to close Omaha. Dead zone