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Re: Equifax CEO $30M Payday When Fired


zmon wrote:

Gotta love those golden parachutes. The worst part is the whole industry participates in this behavior with their executives. If only there was some sort of regulator that could crack down on these things...



I've been a government employee for many years and the problem is the government is worse.  We promote poeple who should be fired.
10/17/2017 FICO: EQ 829 TU 830 EX 826
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Re: Equifax CEO $30M Payday When Fired


marty56 wrote:

zmon wrote:

Gotta love those golden parachutes. The worst part is the whole industry participates in this behavior with their executives. If only there was some sort of regulator that could crack down on these things...



I've been a government employee for many years and the problem is the government is worse.  We promote poeple who should be fired.

I've been an employee of my local county for several years and I haven't seen anything like that. In fact, when a voter referendum passed in the last election raising the minimum wage in Arizona to $10/hr. + requiring sick pay many part time county employees who get zero benefits got a pay raise & sick pay. I find comparing government employees to the champagne & caviar benefits the corporate execs get offensive.


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Re: Equifax CEO $30M Payday When Fired


zmon wrote:

Gotta love those golden parachutes. The worst part is the whole industry participates in this behavior with their executives. If only there was some sort of regulator that could crack down on these things...


Here is an idea instead of paying htem X amount if they are fired make them pay the company X amount instead.



Equifax - 644
TransUnion - 641
Experian - 639
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Re: Equifax CEO $30M Payday When Fired

[ Edited ]

DaveInAZ wrote:

marty56 wrote:

zmon wrote:

Gotta love those golden parachutes. The worst part is the whole industry participates in this behavior with their executives. If only there was some sort of regulator that could crack down on these things...



I've been a government employee for many years and the problem is the government is worse.  We promote poeple who should be fired.

I've been an employee of my local county for several years and I haven't seen anything like that. In fact, when a voter referendum passed in the last election raising the minimum wage in Arizona to $10/hr. + requiring sick pay many part time county employees who get zero benefits got a pay raise & sick pay. I find comparing government employees to the champagne & caviar benefits the corporate execs get offensive.


The problem is in most government places those that don't work don't get fired (or get promoted) or they just get shifted to another department or detailee to another place.

 

Now this isn't always true, you do have some that actually work the problem is they have to take up the slack of the others.



Equifax - 644
TransUnion - 641
Experian - 639
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Re: Equifax CEO $30M Payday When Fired


VoltaicShock wrote:

DaveInAZ wrote:

marty56 wrote:

zmon wrote:

Gotta love those golden parachutes. The worst part is the whole industry participates in this behavior with their executives. If only there was some sort of regulator that could crack down on these things...



I've been a government employee for many years and the problem is the government is worse.  We promote poeple who should be fired.

I've been an employee of my local county for several years and I haven't seen anything like that. In fact, when a voter referendum passed in the last election raising the minimum wage in Arizona to $10/hr. + requiring sick pay many part time county employees who get zero benefits got a pay raise & sick pay. I find comparing government employees to the champagne & caviar benefits the corporate execs get offensive.


The problem is in most government places those that don't work don't get fired (or get promoted) or they just get shifted to another department or detailee to another place.

 

Now this isn't always true, you do have some that actually work the problem is they have to take up the slack of the others.


Many times after these who get fired, get their big pay day - they go elsewhere for a job, still making a ton of money.. I wouldn't be shocked if we see him working for experian or TU down the road.

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Re: Equifax "Retirements" Have Begun


marty56 wrote:

IMHO it was a TU mole that did it.

 

As a cyber secruity professional, I might benefit from this.  Show me the money!


I work around the network security space though I wouldn't call myself a professional... though that may be unavoidable with the current technology trends.

 

That said, the "retiring" c-level folks aren't going to jail over this; there will assuredly be a class action lawsuit against Equifax for damages or similar, but unless gross or willing negligence can be proved I can't see this happening.

 

It'd be a scary precedent to set: nobody, no company, no individual, no government is 100% defensible from hacks short of having a disconnected network (C2 grade or higher IIRC); that is impossible with Equifax's business model as they're absurdly interconnected in today's economy by their very nature.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
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Re: Equifax "Retirements" Have Begun

It is now being reported that CEO Richard Smith has “retired”. No doubt he has left with an armored truck full of cash.

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Re: Equifax "Retirements" Have Begun

According to the Hill the CEO will walk with 90M....

 

http://thehill.com/policy/technology/352807-equifax-ceo-to-collect-90-million-report

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Re: Equifax "Retirements" Have Begun


gdale6 wrote:

According to the Hill the CEO will walk with 90M....

 

http://thehill.com/policy/technology/352807-equifax-ceo-to-collect-90-million-report


Ya he "quit".. Sad he is walking with so much.. He grew the company but also shrunk it under his leadership

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