There are many nervous executives in Denver and around the world as the Board of Directors finally came to their senses and replaced the CEO. He and his cronies have singlehandedly taken this company into the gutter while making himself and his buddies millions while treating the people like commodities.
I'm part of WUBS and am being sold off, thank goodness. They took credit for a MasterCard deal that Western Union had nothing to do with. They are selling the future of the company. After the sale is complete, you will see the new CEO get rid of 25% of executives. All EVPs will be gone along with the leadership. That's how bad they are.
Look at the stock price. Look at it. This company grows by increasing dividends. They have nothing to offer and were asleep at the wheel while fintechs ate their lunch. Sure, Transferwise is tiny compared to WU, but give them time. They'll take over.
So sad to see what could have been a tremendous company go down the drain.