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Don't doubt with a hefty severence package.
Sailing out on Golden parachutes - I am sure. Still not going to keep them out of jail...
@Anonymous wrote:Sailing out on Golden parachutes - I am sure. Still not going to keep them out of jail...
Considering that only one banking exec went to jail after the last financial crisis, I'm more cynical about the chances of any successful prosecution.
@wasCB14 wrote:
@Anonymous wrote:Sailing out on Golden parachutes - I am sure. Still not going to keep them out of jail...
Considering that only one banking exec went to jail after the last financial crisis, I'm more cynical about the chances of any successful prosecution.
Similar here. There will almost certainly be political hearings, speechifying and statements galore (my state AG, whom I do adore for getting actual stuff accomplished too, is already shuffling out statements left and right) but I have my doubts about whether there will be any true consequences of it all. Maybe an example or two, but not what actually needs to happen to make widespread change - not just at CRAs, but everywhere that handles our identity information (which, today, is pretty much everyone).
CEO soon be released by the board of directors / stakeholders guessing a few weeks max followed be the CFO for bad judgement and most likely insider trading and the list will grow.
IMHO it was a TU mole that did it.
As a cyber secruity professional, I might benefit from this. Show me the money!
This artcle claims that when Equifax's CEO is fired, he will walk away with about $30M. The victims of this breach will get enough to perhaps cover a cup of coffee, if that.
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...