I left, sold my stock, Frank can crash the company now. After decades of working there I have left. I hate what the company has become. What Les and Geroge started has become a heartless, corrupt, train wreck. I hope Jeff, Frank, and the board are all proud of what they have done to a great company. Not that it will last much longer.
9 replies (most recent on top)
Jack Welch died 3 years ago.
Companies issue what’s called “earnings guidance,” often keeping the number on the low side so that profits will “exceed expectations,” as they say on Wall Street. When things get a bit tight, many companies will cut back on capital expenditures and play legal but misleading accounting games to beat the earnings numbers they’d promised Wall Street. And, of course, employees frequently become human sacrifices.
Sound familiar? This quote is from the MSN URL below topic Jack Welch RIP. He passed on the 1st with little fan fair. Why because GE's house of cards because exposed during the 2008 financial crisis. GE credit and financial became the company's darling far from its original charter of financing power systems, jet engines, locomotives not consumer lines of credit or mortgage-backed securities. GE failed only selling off parts and now finally spinning off the final surviving divisions remains. While Fiserv was not GE of the 80s/90s I bet the story plays ends in the same manner. Of course Jack lived his life lavishly just as Frank will at the end of his run. No company survives forever or in a vacuum. Sad employees lives, clients and American jobs suffer all for the short term gain of a few.
https://www.msn.com/en-us/money/markets/jack-welch-s-ge-legacy-ended-last-week-r-i-p/ar-AA18EVgA?ocid=msedgntp&cvid=e02e926d64ed4cb78a515874f68da27b&ei=31
Did the current leadership create something from nothing? Or did they take the hard work that was already done and accomplish nothing with it?
Who is Les and George ---- and do you think they ran a fortune 100 company with $18B in revenue??? One with the top quartile stocks in the S&P 500? One that is winning on every metric?
Bad move. The stock is rising like KH looking at kw
I take full advantage of the 2 days per week of WFH. So much so that I've actually given the days nicknames: wh1skey Mondays and no-pants Fridays.
I was going to sell stock, but after Frank took over it stopped going up.
I'm right there with you OP but I am gonna stay to watch it burn down. Sold all my stock at $125 a while back. Should be fun to watch! I am close enough to retire if needed and hoping they RIF me so I can get 6 months severance! Been here longer than I care to admit!
This is the way