Posted on 09/26/2017 6:34:08 AM PDT by rdl6989
Equifax CEO Richard Smith is out after the company's embarrassing data breach and botched response.
The credit reporting bureau announced Smith's sudden retirement on Tuesday, three weeks after it disclosed the hack, which compromised the personal information of as many as 143 million Americans. Smith, 57, has been CEO for 12 years.
(Excerpt) Read more at money.cnn.com ...
Keep his gold plated retirement package.
Surely he’ll lose his pension. LOLOLOLOLOLOL! Not bloody likely. He’ll probably do a little better than me.
I want to know just how much his severance/retirement pay is.
Probably a “non-disclosure” agreement involved. “We won’t tell if you don’t tell.” Is there a requirement for that to be made public? Now, if it were happening in the white house, everybody would know. That place is like a sieve.
Walking away with millions!!! and millions and millions.
Yup - all to sign a NDA
It may be buried in next years 10K report as a footnote.
I want to know when the SEC plans on suing the officers who sold huge amounts of stock before the matter was made public.
Yes, that will be interesting.
He’s quitting to to pursue his passion for music. He is enrolled in a a music maters degree program.
Lois Lerner II
Is he one of the ones who dumped their stock right before the announcement?
He should be going right to jail.
I believe he did sell out just before the story broke.
Don't think so -
http://www.marketwatch.com/investing/stock/efx/insideractions
But I wonder if the NDA is secret to other ‘normal’ stockholders?
No, he just seems to regularly sell his stock awards as soon as he gets them. It doesn't show good faith in his company though...:^)
http://www.marketwatch.com/investing/stock/efx/insiders?pid=19829
Nice gig if you can get it.
That was Susan Mauldin, the Chief Security Officer. She and the Chief Information Officer, David C. Webb, were let go earlier this month.
Source: Equifax Says CIO, Chief Security Officer to Exit After Hack
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.