Hope not, she has ruined FIG and it will be a drag to the financials for a long time because of her inability to lead
Lyon knew this is a sinking ship
It’s evident that a seasoned professional knew he is unable to save this company and the company’s performance is damaging his professional reputation . Changing hands is just delaying the inevitable. The replacement was a necessity and nothing more... — read more
Takis is a seasoned industry veteran
We could have ended up with somebody who has absolutely no idea what he/she is doing. At least there's that to be grateful for.
Communication
I'm curious what type of communication was sent to employees about the exit and new CEO. Hopefully they have an all hands and give reassurance.
Don't get your hopes up
A change in leadership changes nothing for us. Rotten culture and corporate greed are the real problem.
How much did ML actually get paid (not worthless stock)
Interested in the cash amount or actual stock amount he was able to sell, or sign on bonuses actually received etc Assuming this is public information
Takis will make Fiserv great again!
I have faith!
Please Add Fiserv to the list containing Blackberry, Circuit City, Radio Shack.. Extinct..
Get out while you can, save your hard earned dollars fro your family's sake.. you had sacrificed your family time to make contributions to Fiserv stock .. here you are.. Circuit City, Radio Shack, Blockbuster, Fiserv....
ML distain for employees?
What are people referring to? Have seen a few posts about this. I also missed the town hall where I read in a few comments that it apparently broke through a couple of times
My main concern
is whether the new guy will be good for employees. That's all I care about. We've had others that have been good for the company and the stock but not for us. I hope this one will be different.
acid test for new ceo
if the new guy schedules an all-hands this week And includes at least some assurances that he’ll treat us like actual human beings, there’s a chance he could be a good leader. If he doesn’t, then he’s an axe man who wants to get rid of as many of us... — read more
Question from Truist teammates about Mike Lyons
Hi Fiserv folks! Several Truist people stopping by your forum. Mike Lyons was just announced as our incoming CEO. What can you tell us about working under him? Decent guy overall? How was his leadership style? Transparent and approachable, or more... — read more
Dear Mike Lyons
We are not mad at you. You stepped into this circus unknowingly.....best of luck
ANY OTHER NEWS
Any other news to make stock decrease further......we may just hit $20.00 a share.
At least he can't be worse than Frank
Right? As bad as Mike was, he was still better than Frank.
Shouldn't the outgoing CEO be required to take with him all executive hires he made in past 12months?
Start with Divya please.
Mike Lyons is Proof
that if you’re handsome and halfway articulate you will get many opportunities to fail upwards. Only way to explain it for how incompetent he was here
What incentive was there for Lyons to stay?
You’re spending a year fixing someone else’s disaster. Activist investors are circling. Employees hate the cuts. Shareholders hate the stock. Then a top 10 U.S. bank offers you its CEO seat. Who wouldn’t take that deal?
I'm gonna stay positive
We wanted change, we got change. Let's wait for at least a few months or even weeks before we form our opinions on whether the new CEO will be good or bad for us. Or is that too much to ask for?
Employee Vote on New CEO
Congratulations to everyone on successfully participating in the CEO selection process by existing under it. This is your friendly reminder that we'll all spend more waking hours under our CEO than under most elected officials, yet one is chosen by... — read more
Takis was a partner at McKinsey
This spells nothing but doom for employees
Thank god this chapter is over - let’s get it right now.
Best news this year - Mike is out. Maybe now we have someone who actually understands payments and really cares about people instead of just saying it. Now let’s get Dhivya out of here and we may have a chance.
Prepare for huge layoffs
The new CEO will want to make an impression from the start. My guess is he'll do it by cutting costs, whether that's needed or realistic or not. It happened with every new CEO and it'll happen with this one. The higher-ups fu-k up and we pay the... — read more
Need to bring back either Frank or Jeff.
The only two who know it well enough to fix!
New CEO
On a scale of 1 to "heading back to the FB-plantation" how will the employees fair?
The entire Board should resign!
This has been the worst handled succession plan by a Board since Jack Welch retired from GE. Now the only option left will be to no real up the company. Clover alone is worth the current market cap. Mike was never the right selection but the fact... — read more
Fiserv Announces Leadership Transition
https://investors.fiserv.com/news-releases/news-release-details/fiserv-announces-leadership-transition
Mike L
Mike is a gentleman but too much damage done by Frank. He can’t fix. Takis is a horrible choice, he was groomed by Gibbons and didn’t have a role for a year after hiring Fiserv. Yes, Gibbons! The Takis and Dhivya show will take FISV to $20/share... — read more
Fiserv up for sale
Anyone else think that Fiserv as a whole will just be swallowed by a competitor since we are cheap right now? Or selling First Data and splitting the company back into two would be better?
CEO appointment seems rushed
I hope I am wrong but naming Takis immediately as the permanent ceo feels like a short sighted panic move. I am surprised they didn’t name him acting while the right long term leader could be found.
Lyons leaving - worst ceo ever
Destroys all value and jumps ship
Someone Tell The Truth
You should never have managers in charge who cannot tell leadership the truth. You have managers waiting to get a Greencard who are afraid are of losing sponsorsship.....Fiserv needs to reevaluate this. The Truth shows itself through stock value and... — read more
Clients Aren't First
There is a real disconnect between what leadership believes is happening. What is being reported to leadership is happening. What is really happening.
FB shenanigans
Are we missing the obvious? The administration gives FB government positions with the IRS and SSA, enabling him to sell his Fiserv shares while they are high without liability for insider trading. FB then returns the favor, blocking the IRS from... — read more
So thankful!
Thanks to this board, I no longer need a therapist — just my keyboard, complaint, and forty other disgruntlement employees shouting ‘SAME’ back. It’s good to know I’m not alone in this journey. Stay blessed:) Have a good weekend ya’ll
FIG escalations and attrition is off the charts
Anyone have any thoughts? The guy that "was" in charge of all the cores and is now a segment head is always missing in action. How are we supposed to fix the leakage problems if SVPs are not held accountable? We all have our head buried in the sand... — read more
They are right execution is the problem but how are we going to execute?
Still too much vagueness around how they are going to fix the execution at this company. AI buzzwords isn’t going to be it. I had to laugh at some of the most basic execution problems ML pointed out regarding emails or tickets. Embarrassing for us. — read more
Ask yourself…
Why do I still work here? Probable answers include, but not limited to: “I’m close to retirement” (acceptable) “The job market stinks” (bad answer; it hasn’t always stunk; you had plenty of time to leave when it was booming) “Would have to accept... — read more