this isn't a complicated story
leadership pumps up the numbers with ethically challenged accounting
eventually there are no more tricks left in the bag
leadership parachutes out with inflated equity
new leadership "comes clean" and gets a ton of equity at deflated prices
everyone wins, except the dedicated employees
if you aren't at the c level it's not worth taking this company seriously
@ek JY didn't leave the place as a flaming dumpster fire the next day bud
jeff never crashed the stock
Yep, Jeff Yabuki pulled the same nonsense on his way out the door. Fiserv employees and investors have been sc--wed since the founders retired in 2010.
You’re right it’s not new. It’s just Frank is that revolting and we now have confirmation that he and the rest of his cr-ppy little crew really were the hacks we all suspected.
I think the dramatically pathetic outcome is a result of the gross incompetence of these lazy employees. Now I cannot even rest well in my new job at the government. You are truly a mess.