Thread regarding Fiserv Inc. layoffs

Kicking the can down the road

Regarding bankruptcy, the debt was a present from KKR after the leveraged buyout of FD. It’s been restructured so many times since it’s hard to imagine people falling for it again but that’s where it’s headed. Keep kicking the can down the road until you run out of road. It’s a legal Ponzi scheme. Someone will be left holding worthless paper.

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| 1671 views | | 9 replies (last September 30, 2023) | Reply
Post ID: @OP+1oPuarXI

9 replies (most recent on top)

OH got the deal due to head of cyber.

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Post ID: @2rhp+1oPuarXI

World class CFO? More like total jacka$$ CFO. Holy cow bro, put down the crack pipe.

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Post ID: @1lxo+1oPuarXI

https://www.thelayoff.com/post/@1kkx+1oPuarXI

An obvious FB gremlin

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Post ID: @1tcl+1oPuarXI

Has anyone in the financial press done any analysis on how the higher corporate bond rates will affect the refinancing of Fiserv's debt? Having worked at Fiserv for many years, all of their finance schemes were always incredibly (and implausibly) optimistic. E.g. would low-interest rates last forever? I'm sure the answer was "yes" during the last buyout.

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Post ID: @1ooy+1oPuarXI

What is this mythical deal in Ohio you talk about? OH

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Post ID: @1egc+1oPuarXI

My advice, run do not walk to Ohio. Find out how they got their deal and do that

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Post ID: @1sfe+1oPuarXI

The finances are very sound. The company has a world class CFO and great leadership. Try again

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Post ID: @1kkx+1oPuarXI

Toys 'R Fiserv

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Post ID: @1tgf+1oPuarXI

Ponzi, exactly. And those at the top make all the money

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Post ID: @laf+1oPuarXI

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