John,
This week, Fiserv’s stock price plunged by over 40%. The current CEO said that the decline happened because of exaggerated projections made by the previous CEO, Frank Bisignano.1
That’s the same Frank Bisignano that Donald Trump put in charge of both Social Security and the IRS. Bisignano is now facing a lawsuit from investors, including a police pension fund that lost $1.67 million.2 He is being sued for “artificially inflating [Fiserv’s] growth numbers.”
Social Security Works has already called for Bisignano’s resignation. We’re having meetings every day to demand that Congress echo our call. Can you chip in to get this crook OUT at Social Security?
When Bisignano joined the Trump administration, he sold all of his Fiserv stock, getting a big tax break in the process. That sale saved him $300 million (and counting) in stock value.3 Did Bisignano know that Fiserv’s stock was about to tank, and ask his friend Donald Trump for a life raft?
Bisignano is in charge of the American people’s hard-earned Social Security benefits, as well as the collection of our taxes — despite his total lack of expertise, or even basic knowledge, of either. He infamously admitted4 that he had to google “Social Security” when Trump offered him the job. If he engaged in wrongdoing, the people need to know.
How can we trust any claims Bisignano makes about Social Security, such as his insistence that phone service is improving even as media reports5 show otherwise?
We’re building pressure to demand an investigation into corruption at Trump’s Social Security Administration. From stolen data to crooked financial deals, there’s a lot there. Rush a donation to protect Social Security from the Trump administration!
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Thank you,
Nancy Altman
Social Security Works
1 https://www.wsj.com/business/c-suite/fiserv-erases-30-billion-in-market-value-after-new-ceo-pulls-guidance-63c8ba9f
2 https://www.paymentsdive.com/news/investors-vie-to-lead-fiserv-stock-lawsuit-shareholders-clover/802227/
3 https://www.bloomberg.com/news/articles/2025-10-29/frank-bisignano-ducks-300-million-fiserv-fi-loss-with-move-to-trump-role
4 https://abcnews.go.com/US/new-head-social-security-hired-wall-street-tells/story?id=122075152
5 https://www.washingtonpost.com/politics/interactive/2025/social-security-wait-hold-callback/
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Who We Are
Social Security Works leads the fight every day to expand and protect our Social Security system. Become a member today.
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The Truth About Social Security
From SSW's President, Nancy Altman, this book uses the words of the people who built our Social Security system to debunk myths and reveal the truth about the most popular and successful government program in our nation's history Order your copy today!
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Contact [email protected]
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