Message to the Board - Bring back Gary - post regarding Fidelity National Information Services Inc. layoffs

Message to the Board - Bring back Gary

Dear Board Members:

Well, where do I start? Stephanie is doing wonders for this company… by turning it into a ghost ship. I’ve never seen a CEO come in and shrink a company on purpose. Who knew that the secret to success was reverse growth? It’s almost like she read “How to Ki-l Your Company in 3 Easy Steps” and decided to follow it to the letter. I can only assume the stock buybacks were a secret plot to buy back her credibility. 1.2 billion dollars down the drain, but hey, at least the stock price got a brief happy moment, right?

Let’s talk about that 1.2 billion for a second—imagine if we’d thrown that into product development. Meanwhile, the entire Banking IDSW budget for 2025 is $190 million. Pathetic doesn’t even begin to describe it.

Now, don’t get me wrong, Gary wasn’t exactly everyone’s favorite, but let’s be real here—his biggest mistake wasn’t buying Worldpay. It was letting Stephanie Ferris enter stage left. I’d rather have Gary’s occasional misstep than whatever strange, McKinsey-fueled magic trick Stephanie is attempting to pull off.

So, Board Members, if you actually care about the company’s future (and don’t want to see it end up in a Netflix documentary about corporate disasters), it’s time to bring back Gary!

Also, if anyone knows how to set up an anonymous survey (other than Reddit), I’ll happily do the honors and send it straight to the Board.

Cheers,

#Leadership #Culture

Comment! It's anonymous!

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Is it true that SF's contract is not extended and board is in search of new CEO?

Many incompetent & corrupt people lost their C suite profiles under Ferris and they are out for revenge. few of them even deliberately made projects fail in order to put blame on someone else and get them fired. So cleaning up from top down is need of the hour. Those leadership obsessed bunch can only talk around BS and get paid for that under Gary .

The newish Chief People Officer is behind much of this I am guessing. Business-wise, perhaps needed. But the execution and (lack of) communication has been horrible

The combo of Stephanie and Kelly is a disaster. One is a CPA the other a low level tech person a few years ago.. and now Kelly is leading Clients?!? What could go wrong?? Everything… sit back and watch

Stephanie has been promoted well beyond her abilities! She has brought Kelly Beatty along for the ride… both need to exit!

Gary bought Worldpay
He brought stephanie back
He also would blame the stock price on his direct reports as all their fault
And he was liar. He would say his line about this being the last place you should work, then he would take the mask off and order up more employee cuts

Gary was as incompetent as Stephanie, if someone needs to be brought back it should be Frank Martire and his Metavante leadership team, they knew how to treat customers and employees!

This right here shows that she does not have a lot to loose. Based on ChatGpt.

What Her Employment Agreement Says

Stephanie Ferris’s employment agreement, effective late 2022 and extended through automatic annual renewals, includes clear terms for voluntary departure for “good reason” or termination without cause. Key provisions include:
• Severance Pay: If she leaves voluntarily for good reason or is terminated without cause, she’s entitled to a lump-sum payment equal to 200% of the sum of her base salary and target bonus. This increases to 300% in the case of a change in control.

• Bonuses: She would receive any unpaid prior-year bonuses plus a prorated bonus for the year of departure (subjective criteria treated as at least target).

• Health Coverage: COBRA continuation coverage for medical and dental for up to 18 months, with the company paying a lump sum for premiums.

• Equity Treatment:
• Pre-2025 Awards: Continued vesting according to the original terms (including performance-based vesting).
• Post-2025 Awards: Vesting to mirror what is generally offered to other executive officers, no less favorable.
• Change in Control: If the departure is tied to a change in control, all equity awards vest immediately and fully, including PSUs at 100% of target.

Provisions do require her to sign a standard release of claims and comply with non-compete, non-solicitation, and confidentiality clauses.

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Past Behavior: Has She Ever Taken Such a Path?

Looking at Stephanie Ferris’s history with FIS:
• She joined FIS in 2019 through its acquisition of Worldpay, served as COO, then departed in September 2020 after finishing integration. She rejoined in September 2021 as Chief Administrative Officer.

• That 2020 departure came after integration, and while her movement reflects career transitions, there’s no public indication of her invoking a severance payout, or of “good reason” clauses being triggered.
• Her re-engagement demonstrates a continued strategic commitment to FIS rather than an opportunistic exit—even though a payout might have been available under prior agreements (e.g., Worldpay severance).

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What This Means Going Forward
• Yes, the contract does allow Ferris to voluntarily leave for “good reason” or be terminated without cause, triggering a very substantial severance package—including cash, equity vesting, and medical benefits.

Is someone in the know brave enough to go to the media with all the underhanded layoffs keeping them just under the limit to report and now this???

If someone is driving the car badly, or even purposely speeding it towards a brick wall, shouldn't they take away the keys?

At this point anyone would be better! At least the board could say they tried to do something rather than ignore the facts.

Thread regarding Fidelity National Information Services Inc. layoffs

Message to the Board - Bring back Gary

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