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Fidelity National Financial, Inc. Message Board

  • dickeypiper1 dickeypiper1 Jan 29, 2011 4:14 PM Flag

    CC: talking about acquisitions, etc.

    Some of them have done very well but hopefully management isin't doing any chest bumps, etc. The huge (dwarfs the others that have done well) Ceridian acquisition of which FNF owns 1/3 of has been an absolute disaster.

    No mention of any plan to sell the specialty insurance unit....perhaps they have decided to keep it.

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    • lol thats because Ceridian alienated its customers by forcing them onto the new Freedom platform that had been in production for over 5 years and still didn't work right. Then Ceridian moved most everything out of NJ into St. Louis because they didn't want to pay for 2 different buildings. They didn't have anyone in St. Louis with any payroll experience, so they had to hire an entire new staff. A month after this staff went live, 95% of the NJ employees were let go, leaving St. Louis basically on their own.

      The St. Louis employees had difficulty handling the "east coast attitude" of customers. It didn't go well initially. Ceridian started losing customers. When Ceridian killed Powerpay, they lost even more customers. Why would you kill the best thing you had? Beats me. That's why they let FNF buy them. They knew they invested all that time and money into a product that would never work the way they had promised. You've been had lol.

 
FNF
33.78+0.18(+0.54%)Dec 19 4:04 PMEST

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