Brown: No Big Payday for Equifax CEO

Senator Expects Smith to Appear before Banking Committee Despite Retirement Announcement

(Washington, D.C.) - U.S. Senator Sherrod Brown (D-OH) – Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs – said there should be no big payday for Equifax CEO Richard Smith and other top executives who’ve retired following a massive data breach that put 143 million Americans at risk of identity theft. Brown says he still expects Smith to appear before the Banking Committee to testify on the breach next Wednesday, as scheduled, despite Smith’s abrupt retirement announcement today.

“There’s no easy out for the working families that Equifax exposed to cyber criminals, so there shouldn’t be a big payday for the company’s CEO,” Brown said. “Equifax executives cannot be allowed to wash their hands of this while millions of Americans are left to deal with the consequences.”

On September 15th, a week after Equifax reported the breach, the company’s Chief Information Officer David Webb and Chief Security Officer Susan Mauldin also retired from the company.

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