Past glory means nothing on the battlefield
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Equifax CEO walks away with $18 million after data breach affecting half the US occurs on his watch
The abrupt departure of Equifax's chief executive officer on Tuesday has not dampened the criticism of the company since it disclosed a massive data breach earlier this month. As in other recent corporate scandals, the departure of Richard Smith was swift if not inevitable. The credit reporting company said he was retiring effective immediately and he wouldn't get a bonus for this year, though he is eligible to walk away with at least $18.4 million in pension benefits. Some said Tuesday his departure should have happened more quickly. Wells Fargo dispatched its former CEO last year, one month after regulators said ... (full story)