There’s a Bisignano puff piece in the Washington Examiner, I suppose that it will please the paid shills commenting here. Does anyone, even on the right, take the Washington Examiner seriously. It’s self consciously a propaganda outlet. No, it’s not a right wing equivalent of the Post. It’s almost a caricature.
By the way, I don’t mean to demean Bisignano too much. In his own way, he’s probably trying to be a good guy. It’s just that he’s working in a horrifyingly incompetent and dishonest Administration that barely hides its contempt for Social Security. He’s far more devoted to puffing up Trump than running a competent agency. I don’t understand why anyone thinks Trump is deserving of blind loyalty but Bisignano is not alone.
My office has been very impressed with Frank. Much better and more accessible than his predecessor. What impresses me is that he’s done so well as to be given a second job, yet hasn’t missed a beat. That’s leadership. And what Charles forgets to mention is that Frank could be working in the private sector making much more, but he’s graciously taking on public service to help whip the agency into shape. It’s been a treat for both him and us.
ReplyDeleteWhat’s the color of the sky in your world?
DeleteA perfect example of an employee executing the loyalty pledge. 👏
DeleteThe poster isFranks paid astroturfers. Frank cannot be bothered to be accessible or speak with his workforce. He is working FT IRS while working at ssa.
DeleteDoes Frank report to an office or is he at home? “RTO for thee but not for me”?
DeleteYeah, we see his "leadership".
DeleteWe also see today why he ran away from the sinking ship that is Fiserv, his prior CEO job. His "leadership" there finally just caught up to the company. The company's stock has cratered over 40% this morning (the largest drop in history of the company) and is continuing to drop like a rock.
Things never end well for slash-n-burn CEOs, and Frank (had he stayed at Fiserv) would have likely been fired for today.
Leadership. Yeah. Pull the other finger.
So we have someone already getting on the Trump loyalty pledge train...
DeleteIs sainthood in the cards for Frankie?
DeleteFrank could be working in the private sector making much more, but he’s graciously taking on public service to help whip the agency into shape. It’s been a treat for both him and us.
The overly commentary language is use so much that its beginning to sound canned and repetitive. Show me accurate data if you wish me to acknowledge "accomplishments".
DeleteR/Overemployed
DeleteHe COULD be working in the private sector, but government is so much more lucrative when your primary motivation is to get tax breaks from the sale of nearly $500M in stock of the company you ran into the ground.
Deletehttps://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/FB264D7E3496773E85258CCC002C7F4A/$FILE/Frank-J-Bisignano-07.03.2025-278T.pdf
https://finance.yahoo.com/news/trumps-ssa-head-frank-bisignano-023018513.html
The lure of the spotlight, power and adding additional money to ones’s portfolio is the attraction. In order to to be in the inner circle one has to give a pound of flesh for the cause. I wonder what he’s done in order to have leadership roles in both the SSA and the IRS?
ReplyDeleteFiserv stock is crashing today.
ReplyDeleteDown over 40% at the moment.
DEFINITION OF A CULT!
ReplyDeleteFrank is a show horse who has little accomplishments besides hype and PR.
ReplyDeleteHe left his company 5 months ago and the company stock is down 65%and down over 40% today because the company was a PR sensation. His accomplishments at SSA are nothing. Believe nothing this conman says.
https://www.cnbc.com/2025/10/29/fiserv-stock-guidance-earnings.html
The Washington Examiner was founded by a “Christian” nationalist with fascist tendencies, including a desire to censor media output. Calling it “self consciously” conservative is giving too much credit. Those in control of it are just actually that nutty and brainwashed.
ReplyDeleteWant to know the Mr. Bisignano difference? Check out Fiserv stock (ticker: FI). With Frank at the helm investors were treated to 100% gains. Without Mr. Bisignano’s leadership it has tanked, down 40% today. Trust me, you want Frank on your team.
ReplyDeleteThe stock drop at Fiserv today is happening precisely because of what Bisignano, his minions, and his policies did before he left. It is only just now catching up to them. You can only hide total incompetence for so long.
DeleteFunny thing is he still owns millions of shares of Fiserv stock.
Suffice it to say, he isn't anywhere near being a billionaire anymore.
Frank left 5 months ago. The stock was cratering even before he left. Franks expert was papering over losses and deficiencies. Once he left it became hard to paper over the house of cards and likely a criminal issue. The company did not collapse after Frank. The company failed during Frank’s legendary leadership which ended in a train wreck. Frank is doing the same to SSA and the IRS.
DeleteThe new CEO explicitly blamed the prior focus on cost-cutting for the lower forecast. Frank fired and ran out the most experienced staff at Fiserv and was widely hated internally for the culture shift he brought. Frank likely ran for the exist because he knew the company was in decline under his watch. Now the new guy gets all the blame.
DeleteHouse of cards at Fiserv Inc?
DeleteParticularly spectacular against the rest of the market which continues to grow gangbusters! What a f**k-up, lol!
DeleteGetting out while the getting was good and getting a massive tax break by transferring all of his stock free of capital gains to income producing Treasury Bonds or similar or diversified mutual funds that can qualify was an incredible tax savings for Frank. Especially if he saw the s*** hitting the fan for Fiserv in its current stock drop.
ReplyDeleteSSA mimicking Franks company of not being where we want to be?
ReplyDeleteFiserv Inc. shares plummeted over 42% on Wednesday after the fintech company reported weaker-than-expected third-quarter results and slashed its full-year guidance.
Fiserv's revenue rose 1% to $5.26 billion, missing estimates, while adjusted earnings per share (EPS) fell 11% to $2.04. The company now expects 2025 adjusted EPS between $8.50 and $8.60, down from a prior $10.15-$10.30 range, and organic revenue growth of 3.5% to 4% versus the previously forecast 10%.
CEO Mike Lyons said Fiserv's performance "is not where we want it to be," announcing the One Fiserv action plan to improve execution and strengthen client focus. The company also appointed new executives.
Ol‘ Frank the Tank is going to have a tough road ahead trying to lead two agencies while defending himself against the shareholder fraud allegations coming his way.
ReplyDeletehttps://www.paymentsdive.com/news/investors-vie-to-lead-fiserv-stock-lawsuit-shareholders-clover/802227/
He once said about being a fixer that, theres nothing he couldn't buy to fix a problem. He may be discovering the limits of the federal budget, and SSA's budget, in particular. Compounding the lack of clever innovation is the practical lack of money to modernize when DOD and big tech (NVIDIA, Palantir and DOE) are going to consume it all. 2026 should see real LAE savings on payroll that will likely be applied to PI initiatives. Curious how Digital Modernization and CCE is coming along these days...?
ReplyDeleteHe'd be a hero if he just gave us back telework.
ReplyDelete