#Equifax CEO retires, walks away with millions

Richard Smith, CEO and chairman of Equifax, abruptly retired Tuesday following a data breach at the credit-reporting service that affected the personal information of 143 million people, according to the company’s board.

Three other executives, including the chief financial officer, have drawn scrutiny for selling $1.8 billion of company stock just days after the breach was discovered internally but weeks before it was announced to the public.

Smith’s salary for 2016 was $1.45 million and his bonus was $3.045 million.

Source: Equifax CEO retires following an epic data breach affecting 143 million people

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s