Who cares. For years Bill Foley & other executives were selling shares of FNF. At the same time those that bought and held, depending on what your purchase price was, had returns of 500-1000%.
Amusingly during that period there were numerous posts about executives selling shares and that the stock was 'doomed.'
In regards to the performance of FIS many of us are disappointed but it hasn't been due to lack of effort by Bill, Lee, etc. Never a guarantee but as a stockholder I have confidence that Bill Foley will give it his best shot so that we will all make money.
What a lot of poor investors do is sell a stock when it goes low. Long term, I expect this stock to go back up.
When it's low, my 401(k) is buying it low ... more shares, more money when it goes back later.
And no, the picture isn't rosy now for the company. But I know darn well that MY division (which shall remain unnamed) has a VERY good staff working for it (some of them report to me). And we have a GOOD package. And I worked 5 years for a serious competitor, and I know ours is better. My team is obviously not pleased with the salary freeze - but every one of them understands why, and they all agree with me - it's better than layoffs.
This will turn around. It's going to be a hard year, and next year may be, too. But I have faith in capitalism, and in my upper management. Been with Gary Norcross a long time, and he knows what he is doing.