I am not an employee, just lurk these forums from time to time. The #1 reason why your stock is down starts with Mike Lyons. Since taking Office, he hasn't appeared on a single news network or any of the business news network. Wall Street doesn't know who Mike is, I know you guys hate Frank, but he was a Wall Street darling, people knew him personally. He was constantly on every business news network talking about Fiserv. As an outsider/investor, I have zero idea about what Mike's vision or strategy is. Unfortunately press release doesn't work anymore. Wall Street doesn't care about actual products or services, it is the potential to make quick short-term profits. Frank understood that but ML doesn't want to be bothered. He is hoping luck and time will payoff. Sorry folks, Expect more layoffs.
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Yeah you never worked at Fiserv and we can tell, Mike was left with the avalanche that frank built. Made his investors rich. Probably tipped off a few of friends and sold all his shares… knowing that a lawsuit was going to disclose all that inflation he did.
Isn’t there an investor day on 5/14? So what are you even complaining about?
“Becoming”? Wall St has always been myopic, caring only about next quarter’s results at the detriment of long term planning and strategy. Fiserv isn’t anywhere near bankruptcy and why would Stripe buy? Two very different companies.
WOW Frank lives rent-free in all of your heads. Did you actually read what I wrote? The subject is "Stock" price. I am just telling you what is going on in wall street, it is becoming more and more short-term focused, the new generation of investors want to see returns now, not wait 20 - 30 years. Frank was never a Tech CEO, he was a Wall Steet guy from day one. ML has the potential to become a better leader than Frank, yet he has absolutely done zero press, doesn't even go to Tech/Developer Conferences, at least show up on a freaking podcast. If he remains unknown and locked up in his office, Fiserv will eventually go bankrupt. Don't you guys want your stock prices to be high? I do think ML is a good fit for Fiserv, unfortunately if the stock price remains low the board will be forced to fire him. ML can do both, "do the wall street dance" at the same time focus on building new partnerships in FinTech, most importantly rebuild the Core Banking Products, which is incredibly hard to do, but if you don't some new fin-tech company will eat you guys alive. If I am on the board, I would sell Fiserv to Stripe.
@ae exactly, its hilarious how some of these investors care more about surface optics than what's really going on underneath.
Let me get this straight...a CEO babbling inarticulately on a news program is more valuable than someone who isn't visible and might actually be doing the cleanup work necessary to turn this company around? ML seems clearly focused on that mission than using his CEO title to cozy up with athletes in service of a failed fantasy to be one of them (like having Michael Phelps during an all associates meeting).
Don't forget this proverb: Clothes don't make the man.
Mike better watch out. The most gullible investors are not happy. He should roll up a ball of aluminum foil and throw it as a distraction. That always works on that subset of investors.
Frank's strategy was to create the illusion of short term gains at the expense of damaging the long term results. We have just started the damaged long term results part of that strategy. You should watch out for the warning signs so you can sell when you recognize it the next time one of your companies tries this failed strategy.
Both of these can be true. ML should be doing more to convince investors and be a face for FISV, and Frank should be investigated and pay the price if he artificially inflated the numbers to get the stock price up right before he allegedly sold it all. They can both be in the wrong.
At a November 2023 investor conference, Bisignano stressed that 90% of Clover's growth came from new merchants, with only 10% from back-book conversions. This specific claim is now at the center of the securities fraud litigation, because the alleged reality was essentially inverted — growth was largely being manufactured by forced Payeezy migrations, not organic new merchant acquisition.
His CNBC appearances in 2024 were marked by statements like Clover is "strategically positioned well for the long-term" and "consumers are spending and showing resilience" — framing that used macroeconomic confidence to paper over company-specific deterioration that was allegedly already underway.
Do you really believe that Frank's public speaking opportunities made things better?
Why do internet commenters often describe Frank as sounding drunk?