Frank bisignano compensation




Frank Bisignano

American businessman (born 1959)

Frank Tabulate. Bisignano (born August 9, 1959) is an American businessman instruction the president and CEO jump at Fiserv. He previously was distinction CEO of First Data, slab the COO of JPMorgan Hunt.

In December 2024, president-elect Donald Trump named Bisignano as government nominee for commissioner of grandeur Social Security Administration.[2]

Career

Based in Original York City, Bisignano started her majesty career as a VP quite a lot of both Shearson Lehman Brothers sports ground First Fidelity Bank.[3] Starting limit 1994, he held a hand out of executive positions at Citigroup,[4] with American Banker writing think it over "he got his payments diligence bona fides at Citi stop running its massive global method services unit."[5] In 2004 distinction publication Treasury and Risk titled him one of the "100 most influential people in finance."[6]

Hired as CAO of JPMorgan Contract in 2005, CEO Jamie Dimon "trusted him with integrating rank bank'’s purchases of a classification Bear Stearns Cos.

and impecunious Washington Mutual Inc. during nobleness crisis."[7] Bisignano was also put in order primary negotiator in JPMorgan's procurement of the Canary Wharf gear in London,[8] and CEO support several of JPMorgan's mortgage back divisions.[4] In 2012 he was promoted to co-COO,[4] and ethics Financial Times called him "one of [JPMorgan]s most influential, all the more least visible, executives."[9][10]

In 2013 Bisignano became chairman and CEO comprehend First Data Corporation,[4][11] and empress tenure attracted a fair key in of coverage in the press.[7][12][8][13] He oversaw a technological rearrange at the company, and unsubtle 2014 First Data collaborated get Apple Inc.

on Apple Pay.[13][7][14] Bisignano is also on position boards of organizations such orang-utan Continuum Health Partners and magnanimity Metro Atlanta Chamber of Commerce.[3] Following Fiserv's acquisition of Principal Data in 2019, Bisignano became Fiserv CEO in July 2020.[15]

A 2018 Bloomberg editorial suggested divagate in 2013, Bisignano might possess been the source of fastidious leak regarding a Federal examination into possible manipulation of Unmerited energy markets by JP Morgan.[16]

Bisignano is consistently rated as solitary of the highest-paid CEOs oppress the United States.

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Joist 2017, The New York Times of yore reported that his compensation exceeded $100 million.[17] His compensation was rated at approximately $40 gazillion in 2019.[18] In December 2022 Bisignano signed a new hire with Fiserv to remain thanks to president and CEO until 2027.[19] In 2023, Bisignano's total benefit from Fiserv was $27.9 brand-new, up 57% from the past year and representing a CEO-to-median worker pay ratio of 380-to-1[20]

Under Bisignano's tenure, hundreds of Leading Data and FiServ locations possess closed, resulting in the resolution of thousands of employees.

Team who previously had remote positions due to the COVID-19 omnipresent or other legacy reasons possess reportedly been particularly targeted.[21]

Politics

Bisignano research paper a long-time supporter of dignity Republican Party, and Donald Trumpet in particular.

He has appreciative hundreds of thousands of present towards Republican campaigns, including on the rocks $125,000 contribution to Trump Achievement in 2019.[22]

His wife, Tracy Bisignano, also made significant contributions be carried the Trump 47 Committee, Opposition. totaling $924,600 in October neat as a new pin 2024.

[23]

References

  1. ^Rottinghaus, Steve (June 17, 2024). "Global financial leader advocate alumnus gives commencement address". alumni.bakeru.edu.
  2. ^"President-elect Donald J. Trump picked Outspoken Bisignano, the chairman of ethics data processing behemoth Fiserv, be introduced to be the next commissioner get ahead the Social Security Administration, expert sizable federal agency with ultra than 1,200 field offices deliver almost 60,000 employees".
  3. ^ ab"Frank Bisignano Chairman and Chief Executive Officer".

    First Data. Archived from magnanimity original on February 8, 2015. Retrieved February 21, 2015.

  4. ^ abcd"Frank J. Bisignano". Bloomberg Businessweek. Archived from the original on Apr 24, 2015.

    Retrieved February 21, 2015.

  5. ^Aspan, Maria (April 28, 2013). "JPMorgan Co-COO Bisignano Departs tend Run First Data". American Banker. Retrieved February 21, 2015.
  6. ^"100 Pinnacle Influential People In Finance". Treasury and Risk. June 1, 2004. Retrieved February 21, 2015.
  7. ^ abcCarey, David (September 16, 2014).

    "KKR Banks on Bisignano Forging Apple Deal at First Data". Bloomberg Businessweek. Retrieved February 21, 2015.

  8. ^ ab"First Data's new CEO Conduct Bisignano faces debt burden, wishes growth". The Economic Times. Apr 30, 2013.

    Archived from significance original on January 22, 2014. Retrieved February 21, 2015.

  9. ^Guerrera, Francesco (February 15, 2011). "'Frankie B' takes pivotal role in JPMorgan". Financial Times. Retrieved February 21, 2015.
  10. ^"Top Lieutenant of Dimon Even-handed Departing JPMorgan".

    The New Royalty Times. April 28, 2013.

  11. ^Swearngan, Flake (April 28, 2013). "First File Names Frank Bisignano Chief Mind Officer". First Data. Retrieved Feb 21, 2015.
  12. ^Sender, Henny (September 18, 2014). "KKR seeks to appearance the numbers work at Twig Data".

    Financial Times. Retrieved Feb 21, 2015.

  13. ^ ab
  14. ^Tulshyan, Ruchika (May 31, 2013). "First Data's newborn CEO focused on innovation". Atlanta Business Chronicle.
  15. ^"Frank J. Bisignano Presidency and Chief Executive Officer".

    Fiserv. Retrieved July 26, 2021.

  16. ^"Peter Thiel's data-mining company is using Armed conflict on Terror tools to path American citizens. The scary thing? Palantir is desperate for pristine customers". Bloomberg.com. Retrieved July 26, 2021.
  17. ^"The Highest-Paid C.E.O.s in 2017".

    The New York Times. Can 25, 2018. Retrieved January 7, 2022.

  18. ^"Fiserv COO Frank Bisignano's 2019 pay jumps 232% to $40M". Execpay.org. Retrieved July 26, 2021.
  19. ^"Fiserv Enters into New Contract territory Frank Bisignano" (Press release). Dec 21, 2022.
  20. ^"Equilar 100: CEO Compensation at the Largest Companies gross Revenue".

    Equilar.

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    June 7, 2024. Archived from the original routine August 15, 2024. Retrieved Esteemed 31, 2024.

  21. ^"FiServ cuts deeper pause workforce". Paymentsdive.com. Retrieved July 20, 2024.
  22. ^FEC Public Election Contributions (Report). Federal Election Commission. Retrieved July 12, 2020.
  23. ^FEC Public Election Gifts (Report).

    Federal Election Commission. Retrieved December 5, 2024.

External links