August 7, 2020

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Creativity Taken Seriously!

Fiserv’s CEO, president take 100% pay cuts amid coronavirus pandemic

This impresses a lot of people….?… I guess I am not one of them.


This Exec is worth over 130 million dollars and in March 2020 sold stocks that allowed him to take in 1.6 million dollars. Keep in mind he is not taking a BASE salary for a year. So this does not impress me but hey – Praise him If you want to.


Fiserv Inc.
’s highest paid executives have agreed to a base salary pay cut to financially support the Brookfield-based company’s employees during the COVID-19 pandemic, according to a filing with the Securities and Exchange Commission.

Fiserv chief executive officer and chairman Jeffery Yabuki and president and chief operating officer Frank Bisignano have both agreed to forgo 100% of their base salary.

As President and Chief Executive Officer at FISERV INC, Jeffery W. Yabuki made (2018) $12,410,769 in total compensation.

Of this total $840,000 was received as a salary, (BASE SALARY)

$1,451,596 was received as a bonus, $4,000,013 was received in stock options, $6,112,010 was awarded as stock and $7,150 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year.

Reminder : March 28th 2020 he made 1.6 million on sold stocks

Executives

Robert Hau, Devin McGranahan and Byron Vielehr are taking 20% base salary pay cuts. – source Biz Times


As Chief Financial Officer and Treasurer at FISERV INC, Robert W. Hau made $4,269,041 in total compensation. Of this total $625,000 was received as a salary, $684,462 was received as a bonus, $1,150,016 was received in stock options, $1,678,043 was awarded as stock and $131,520came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year

As Senior Group President at FISERV INC, Devin B. McGranahan made $4,223,456 in total compensation. Of this total $510,000 was received as a salary, $523,538 was received as a bonus, $1,500,038 was received in stock options, $1,615,684 was awarded as stock and $74,196came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year

As Chief Administrative Officer at FISERV INC, Byron C. Vielehr made $5,289,232 in total compensation. Of this total $510,000 was received as a salary, $567,561 was received as a bonus, $1,500,038 was received in stock options, $2,703,383 was awarded as stock and $8,250 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year.

Source Salary.com


Fiserv is a payroll/ money software processing company found in 1984 that “moves” money for corporations. They have 44 thousand associates world wide (according to their website) the produce no physical product. In 2018 the company made 15.8 billion dollars (their website)

Company board of directors …lol…

Jeffery W. Yabuki Chairman : Net Worth 131 million

Frank J. Bisignano Director net worth 763k

Alison Davis Director net worth 3.73 million

Henrique De Castro Director 64.5 million —— extra note YAHOO : 2014 also in 2014 Henrique De Castro. It’s worth an estimated $64.5 million, according to published reports, which means that De Castro’s unsuccessful 15-month tenure will net him an estimated $109 million. De Castro’s golden parachute is “ one of the biggest ever,” according to Forbes’ Jeff Bercovici.

Harry F. DiSimone Director 2020 net worth 903 thousand dollars

Dennis F. Lynch Director net worth 2017 3.06 million dollars

Heidi G. Miller Director net worth 11.2 million 2019

Scott C. Nuttall Director net worth April 1 2020 64.8 million

Denis J. O’Leary Lead Director 2020 net worth 27.7 million

Doyle R. Simons Director 2018 net worth 317million

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