Equifax CEO out. With $18 Million Pension

In all fairness, if I had planned well enough to have a job with a pension (401Ks are much more common now), I would expect to be entitled to my pension as well, whether I was the CEO, middle management, or a call center agent. That is part of the agreed upon compensation package, and if I am not mistaken, it is protected by law.

Yes, I wonder if  HIS information was part of the breach?

Was he one of the three who sold off stock after they knew of the breach, but before they released it to the public? If so, the money he made should come right off of that pension, and he should be doing time for insider trading.

if he did then they should prosecute him

I really really hope that there are some legal penalties for the leadership of Equifax for this breach, including the CEO. 

But the pension is his, just like it would be for a lower-level employee. I have a pension from my years at a bank and I sure as hell wouldn't want that to be stripped from me for any reason. I earned it through my service. 

On the other hand, I would love to see him lose millions in fines for the failure to ensure the company he led was properly safeguarding the private information of the American public. 

What the hell kind of country are we living in when the only consequence for breaching the trust of literally half the country is "well, you won't be getting severance or a bonus".

You know, it's all about keeping up in your security. This whole thing boils down to a patch that was NOT applied in March 2017. A single patch that Equifax more than two months to make...a necessary precaution "that would have defended the personal data of 143 million people from being exposed. It didn't." [Source: Wired]

This CEO is a total failure and it should be cascading all the way down to the IT department in charge of security. Arrests should be made. Equifax should be paying for credit protection for every person breached...which is 50% of the US.

The gross negligence in this case is astonishing. Waiting more than 6 weeks before breaking the news??? Our information is just hanging out there? And that's not even the half of it, they then linked to a phoney website for people to see if they were made vulnerable!! I'm not kidding!

NPR: "After Massive Data Breach, Equifax Directed Customers To Fake Site"

NYT: "Someone Made a Fake Equifax Site. Then Equifax Linked to It."

NakedSecurity: "Equifax has been sending customers to a fake phishing site for weeks"

I mean, they didn't just fumble the ball here...they fumbled it, landed on top of it and popped it, then picked it up and carried to the other teams goal post where they made a beautiful landing spot encircled by a briar of roses.  Holy shit. They couldn't have done a better job of screwing up if they'd contacted the hackers directly and just handed them the access keys!!!  And they pretty much did that too in Argentina...
When I say there should be arrests, I'm not kidding.  There has got to be actual consequences for bs like this.  This company should be shut down and the others should be thoroughly investigated mainly because people don't choose to do business with them directly but they still have access and house our most private information.  If it was handled this poorly at Equifax, whose to say it's any better at the others???

Ugh.

I'm just gonna go with mizindependent here!

However, companies get out of paying their pension obligations all the time by declaring bankruptcy. Googling shows that GM is a prime example.