Memo to hackers: If you have to steal an identity in the monster Equifax breach, start with Richard “Rick” Smith.
Smith is the Equifax chairman and CEO who resigned Tuesday in the wake of his credit-reporting agency’s mammoth embarrassment — 143 million accounts compromised.
Also seen as shameful: What Smith is taking to the bank on his way out.
“Regulatory filings indicate [Smith] could receive an $18.4 million retirement benefits package, but a decision about how much he will receive will be deferred until Equifax’s board of directors finishes its review of the breach,” said Robert Weissman, president of the national nonprofit consumer advocacy group Public Citizen.
“Amazingly, at this very moment, Senate Republicans are plotting to aid and abet more financial industry rip-offs and misdeeds, by overturning a U.S. Consumer Financial Protection Bureau rule protecting consumers’ right to join together in class action lawsuits to hold financial wrongdoers accountable.”
Zerohedge.com gave the disgraced CEO some credit, though: “Smith took the helm of Equifax 12 years ago and transformed it from what he once described as a staid, slow-growing credit-reporting company into a data giant.”
Giant criticism followed:
It’s not real accountability if the @Equifax Chairman & CEO resigns without giving back a nickel in pay or publicly answering questions.
— Elizabeth Warren (@SenWarren) September 26, 2017
Maybe the Equifax CEO was able to retire w/ severance instead of getting fired because he used American flag cups at all company parties.
— Marie Connor (@thistallawkgirl) September 26, 2017
Equifax CEO Richard Smith has resigned, says he plans to live quietly under six different stolen identities
— The Daily Edge (@TheDailyEdge) September 26, 2017
Equifax CEO “Retires” three weeks after worst data breach in history. In Tennessee we call that getting fired.
— Dave Ramsey (@DaveRamsey) September 26, 2017
Equifax CEO retires after 143 Million identities stolen?
I assume he gets at least a million for each stolen identity as severance.
— Edan Clay (@EdanClay) September 26, 2017
BREAKING: Equifax CEO resigns, eager to start new role as head of NSA.
— Fredrick Soukup (@21stcenturyfred) September 26, 2017
“Equifax CEO” Lock him up. You know, like they did Martha Stewart.
— Abogada (@Spitfirehill) September 26, 2017
After ruining millions of lives, Equifax CEO Richard Smith is leaving the company to spend more time with his money.
— The Incredible Sulk (@TurnUp_TheTweet) September 26, 2017