Mike you can blame Frank all you want but $62 is on you buddy! You were a rookie who was unprepared and you destroyed $100B in Market Cap! Congratulations on holding the that record, surely puts you in the top 5 of worst CEOs ever! By the way why is Chris Foskett still here riding around on the jet! The guy does nothing. What big account has he brought on in three years. As Revenue head he has lost a ton of business in last two years.
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@yy Theres no righting this ship. Imbeciles have too much power here.
OP needs to open their eyes. Mike inherited the next Enron or Worldcom. He is righting the ship before it caused catastrophic failure to the nations economy. Frank cooked the books quarter over quarter to line his own wallet. Dude should be in jail
@fd i think he could have been a CEO for a lemonade stand
@sp that's adorable that you think that. I'm not management, just a lowest tier associate. I made my decision based on 2 things, a)needed the money and b) the fu---d up sh-t happening at the company didn't align with what Frank was trying to hide from investors
You don't need to be a insider to know that Frank was full of sh-t and cooking the books. This Layoff site alone has a dearth of information that signaled we were heading for a cliff and Frank had his golden parachute ready to deploy.
@rg kind of sounds like you traded on inside information
Gonna be that guy to say this:
Those of you who didn't sell stock before November 2025 have yourselves to blame. Why? If you didn't get a clue and realized by then that the stock was artificially propped up, then you obviously didn't see all the red flags.
I sold what meager stock I had in October 2024. I never bought a single Fiserv share since and won't. It will be another year until we see how the stock shakes out after all these changes.
anyone that drives a stock to a 75% drop is just not that skilled. he'll still makes tons of money for himself but long term investors and employees will never recover. it's weak leadership to blame the last guy
@mw I agree so much with this. Not only did Frank just sound bad (I know no one has much control over that), but the many was not give of any kind charismatic, confident, or competent vibes. Every time he talked I felt less certain about the future of Fiserv. Current leadership feels better but it’s still just happy talk garbage, so hopes are not high.
@fd the thing that always baffled me is how Frank was a CEO let alone an executive in the first place. He was the most inarticulate person in the room during town halls or interviews. He could barely complete a sentence. The man just sounded like such a bumbling buffoon all the time. I really don’t understand how he became CEO. Black mail on someone?
Ya let’s layoff SE and RMs who actually take care of clients and have a need needs improvement bc Foskett and Gibbons handed out ridiculous quotas! So lets get the people that take care of clients out and keep inflated salaries in Foskett, Gelb, Guy around.. folks, Mike doesn’t get it!!!! We need a leader who will show us by cutting the fat at top and not people making $100,000 a year
The longer this goes on.. the more I realize nothing will change. Foskett has cost this company and a horrible liability, the fact Lyons and Divya are attached to him, gives me huge pause and i plan to get out. Foskett is awful and our clients laugh that this Buffon is here.
@fd doesn't explain how bad the quality of things are from years before.
Fiserv’s incredible decline sits squarely on FB and his horrendous policies, poor leadership. He pumped and dumped stock until he couldn’t anymore. That guy should never been a CEO of a lemonade stand let alone a major company.
Maybe they bring Jeff Yabuki back in since Frank squeezed him out. He is the one that turned the ship around last time, especially since Frank su-ked the company dry.
Seriously... F-ck Frank. Worst CEO ever.
No he's not. Frank made it look like our wallet was a lot bigger than it was. He sold his stocks for half a billion dollars. The board had a full financial review, told the truth and we became risky, untrustworthy to shareholders. Mike also has to keep proving himself with no cash to tip out people. I hope he can do it.
@c3 Frankenbeauch is the one that destroyed all the value and subsequent lawsuits followed. Anyone that followed that POS had a rough road ahead. Mike backed off on some of the BS for a while however desimation seems to be on the move again. Can't say I am surprised now that another F everybody equity firm is involved. So far frankserv was much worse. Guess everyone will see. I recently exited this POS as I saw bad things coming again with another equity firm involved. Good luck, hopefully you can still get a severance package or get another job. This place is not worth it, really I mean it, it's a mess with horrible management at the Middle and upper layers. Your managers and directors have no choice but to do as ordered by VP And above. I had two directors quit because of the horrible upper management. I then left after that because the VP was such a POS.
I guess this is the line to kiss Mike's a-s? No idea why everyone on here defends him like you would your own mother. The guy is not the right choice to turn Fiserv around. Hes a good speaker but certainly not intelligent. The numbers will remain stagnant and you fools that defend him are just unmotivated to move forward with your life. Grow up and get a job with a real technology company. Mike doesn't care about you.
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Always sell your RSUs upon vesting - it is almost never a good idea to hold too much stock in an individual company.
You had the option to sell your shares above $200 like the rest of us. Take some accountability for your own inaction and stop blaming other people.
A sky high stock price and self destructive business practices. What other outcome could there be?
There’s a lot of cleanup that has to still be done at the Executive level. Executives that sign their golf friends into the company should not work at Fiserv. There’s a lot of unethical stuff going on!
Don't you have a new job Frank?