https://seekingalpha.com/news/4601923-activist-jana-wants-fiserv-to-sell-more-assets-refresh-board---report
7 replies (most recent on top)
Entire company is imploding at breakneck speed. Successful projects being thrown out just to satisfy exec egos, etc... total disaster.
@dp people are in denial that Jeff knew what was going to happen and happy with it because it ensured him an amazing real estate portfolio
@ad Yabuki pursued First Data knowing that KKR would exert control of the company after merger. Or should have known. So he has some ownership of this mess. Until KKR sells off their holdings, there will be no transformation.
Careful what you wish for. But agreed the people running the place don’t know much
BO-M! Bring people that know the business on the board - let's start with Yabuki as Chairman. Watch the transformation happen. Period.
The circus needs to stop acting it’s a circus.
Dhyvia should go, period.
Mike Lyons’ compensation package should be made a LOT smaller, period.
Management team needs to start buying shares in the open market to align interests, period.
They need to move fast. Or else, someone else will do it for them.
Anyone surprised? I think not - once an activist calls for "board refresh" it is game over. Control the board control everything and everyone else.