Frank Bisignano Ducks $300 Million Fiserv Loss With Move to Trump Role

Social Security Administration Commissioner Frank Bisignano’s move into government couldn’t have been better timed, helping the former Fiserv Inc. chief avoid hundreds of millions of dollars in losses from the company’s plunging stock price.

After the former Citigroup Inc. and JPMorgan Chase & Co. executive was tapped by President Donald Trump this year to lead the SSA, he agreed to resign from Fiserv and divest his stake, including common stock, options, restricted stock units and performance equity grants. Bisignano, 66, was also named CEO of the Internal Revenue Service earlier this month.