Reply to post: ...'Will not be compensated for doing so'...

Equifax CEO falls on his sword weeks after credit biz admits mega-breach

Anonymous Coward
Anonymous Coward

...'Will not be compensated for doing so'...

Really??? How generous of him... If 'this game' isn't stacked against the rest of us... Gotta love America, Fuck-Yeah! :

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"During his career at Equifax, Smith took home about $165 million, according to data compiled by Bloomberg. That includes salary, bonuses, taxable perks and the value of stock options exercised and stock awards that vested."

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"Equifax said Smith would not receive any annual bonus specifically for 2017. Nevertheless, he is in line to receive a 73,392-share bonus early next year as part of the long-term incentive plan the company put in place back in 2008. That's on top of the $52 million he will walk away with in stock and other retirement benefits that he accrued as part of his nearly 12-year run as CEO. That doesn't even include the nearly $13 million he received in salary and cash bonuses for the past three years alone. He also may be entitled to lifetime health insurance and $60,000 worth of financial planning and tax advice. What's worse, Equifax's very limited clawback policy, which the company has called "rigorous," applies only to financial restatements. That means Smith will have to return almost none of this tens of millions of dollars of pay, even if the company eventually finds that the hack has was his fault."

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