This is just horrendous!! Because of the enormous breach millions of people will suffer serious consequences, possibly for the rest of their lives because of the theft of their social security numbers and other personal data. This company should be closed down, if that's possible.
If it's an Equifax 'gimmick', why would they fire two executives? IMHO, it's time for the government to take some drastic action in these cases. And on that subject: are our IT people just not savvy enough to efffectively stop and/or prevent these damaging breaches? The amount of $$ lost must be in the billions by now! Someone is getting filthy rich at our expense!
Mike, To answer your question... I dunno... maybe they wanted those 2 Execs gone anyway. Point is, I don't put ANYTHING past some greedy BIG Businesses as long as DT is POTUS... they feel like they have a Green Light when it comes to Govt oversight !!
Only thing that'll slow them down is civil lawsuits and they know those are less worrisome than the Govt... Like the $70 million you mentioned ... so they settle some claims for $5 million... they're still laughing all the way to the BANK !!
The populace are a bunch of DUMB SHEEP. They don't even know they're getting fleeced !!
It's just disgusting that the CEO's and other 'officers' of these companies get away with this. They should be locked up!
"Consider Richard F. Smith, the chief executive and chairman of the Equifax board, who received $15 million in total compensation in 2016, up from $13 million in 2015. One rationale for his pay package, the proxy said, was Mr. Smith’s “distinguished” work in meeting his individual management objectives for 2016. Among those objectives was “employing advanced analytics and technology to help drive client growth, security, efficiency and profitability.”
Or take John Gamble, Equifax’s chief financial officer. He also received a rating of “distinguished” on his individual objectives, the proxy said, because he continued “to advance and execute global enterprise risk management processes, including directing increased investment in data security, disaster recovery and regulatory compliance capabilities.” Mr. Gamble received $3.1 million in 2016.
John J. Kelley III, the company’s chief legal officer, also achieved a “distinguished” rating from the Equifax board last year. One reason: He continued “to refine and build out the company’s global security organization.” Mr. Kelley received $2.8 million in compensation last year.
Will these executives be asked to return any of this pay given that their ratings on security are now looking a little less distinguished?" (from Gretchen Morgenson, NYT)
They won't get locked up until politicians call for their heads and they won't do that because it might cut off campaign funding from these ultra rich bastids ! And given the current administration's positions, and the Sect Treasury "on his honeymoon"... FAT chance they'll ever lift a finger... same as 2008, and 1987 (S&L debacle)...
but I also blame the REAL culprits... the dumb voters who put them in there to fleece us all, and will rumble for a little while,,, but then soon forget, and the "robber barons" ALL can get away with MURDER, as DT mocked... and they won't lose a single vote !! Dumb -FOCKS!
Xplain's use of MacNews, AppleCentral and AppleExpo are not affiliated with Apple, Inc. MacTech is a registered trademark of Xplain Corporation. AppleCentral, MacNews, Xplain, "The journal of Apple technology", Apple Expo, Explain It, MacDev, MacDev-1, THINK Reference, NetProfessional, MacTech Central, MacTech Domains, MacForge, and the MacTutorMan are trademarks or service marks of Xplain Corp. Sprocket is a registered trademark of eSprocket Corp. Other trademarks and copyrights appearing in this printing or software remain the property of their respective holders.
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.