Fiserv’s Path to Recovery: A New Investor Relations Chief Takes the Helm

Following a historic single-day plunge of over 40% in October, Fiserv shareholders remain in a state of shock. The payments processor is now on a mission to repair the severe damage to its credibility. In a key move to calm Wall Street’s nerves, the company announced the recruitment of a high-profile executive yesterday. But can one personnel change truly steer the ship back on course?

This strategic shift is a direct response to a profound crisis of confidence. Late last October, Fiserv sent markets reeling by drastically slashing its full-year outlook. The company cut its revenue growth expectations from an original projection of approximately 10% down to a range of just Read more...