Equifax CEO Leaves with $18.4 Million Pension as Shareholders Lose $4 Billion

If a chatbot with a Russian accent asked for your personal information, think twice before responding. Sadly, Equifax can’t even claim its massive data breach was the result of something so clever: it just failed at the kindergarten-level step of installing a software patch to fix known vulnerabilities. CEO Richard Smith has now resigned over the incident, following the company’s chief security and chief information officers out the door. Equifax shareholders took a $4 billion hit after the breach, but Smith will get his full $18.4 million pension and apparently retain the $3 million in performance bonuses he earned in 2015 and 2016.