EquiHaX CEO Out

jstockjstock Posts: 21Member ■□□□□□□□□□
Well it has been a somewhat quiet week concerning Equihax, I mean Equifax. However, today it has been reported that the CEO has suddenly "retired". The first thing that Equifax has done right thus far in my opinion. Finally signally that not only is this an "IT" problem, but a business problem. To me this is owning up to the fact that there were failures outside of the CISO and CIO reporting chain.

Comments

  • scaredoftestsscaredoftests Security +, ITIL Foundation, MPT, EPO, ACAS, HTL behind youPosts: 2,721Mod Mod
    well, how much was his 'payout'? With that payout, they should pay the people that the hack has affected. That will never happen...
    Never let your fear decide your fate....
  • jcundiffjcundiff Posts: 486Member ■■■■□□□□□□
    He stepped down... No bonus, no payout from what I am reading...
    "Hard Work Beats Talent When Talent Doesn't Work Hard" - Tim Notke
  • volfkhatvolfkhat Posts: 947Member ■■■■■■■□□□
    well, how much was his 'payout'? With that payout, they should pay the people that the hack has affected. That will never happen...

    He got his pay out last month (while the media distracted from the real story)
    Equifax execs sold stock before hack was disclosed - Sep. 8, 2017
  • jcundiffjcundiff Posts: 486Member ■■■■□□□□□□
    volfkhat wrote: »
    He got his pay out last month (while the media distracted from the real story)
    Equifax execs sold stock before hack was disclosed - Sep. 8, 2017

    He wasnt one of the three who sold shares before announcing... that was CFO who is still (for now at least) employed.
    "Hard Work Beats Talent When Talent Doesn't Work Hard" - Tim Notke
  • scaredoftestsscaredoftests Security +, ITIL Foundation, MPT, EPO, ACAS, HTL behind youPosts: 2,721Mod Mod
    I heard that he did get paid out and a fricking bonus. Unreal.
    Never let your fear decide your fate....
  • jcundiffjcundiff Posts: 486Member ■■■■□□□□□□
    I heard that he did get paid out and a fricking bonus. Unreal.

    I have read 4 or 5 different articles on his step down and they all say he did not receive his annual bonus... don't know what his 'out to pasture' payment was, I'm sure it will be in their next SEC filing though
    "Hard Work Beats Talent When Talent Doesn't Work Hard" - Tim Notke
  • cyberguyprcyberguypr Senior Member Posts: 6,847Mod Mod
    All I saw was an $18 mil pension. No word about bonuses. He was eligible for $3 mil this year but apparently that hasn't been disbursed.
  • scaredoftestsscaredoftests Security +, ITIL Foundation, MPT, EPO, ACAS, HTL behind youPosts: 2,721Mod Mod
    Still too much. Should go to the people that were affected. Criminal on what happened.
    Never let your fear decide your fate....
  • the_Grinchthe_Grinch Posts: 4,162Member ■■■■■■■■■■
    Believe me he'll have some sort of golden parachute they always do.
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  • IntrusionNewbIntrusionNewb Posts: 20Registered Users ■□□□□□□□□□
    Not surprised.
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