{"id":177644,"date":"2019-07-25T18:38:00","date_gmt":"2019-07-25T23:38:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/07\/25\/not-enough-bullets-20\/"},"modified":"2019-07-25T18:38:00","modified_gmt":"2019-07-25T23:38:00","slug":"not-enough-bullets-20","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2019\/07\/25\/not-enough-bullets-20\/","title":{"rendered":"Not Enough Bullets\u2026\u2026\u2026"},"content":{"rendered":"
After making a complete dogs breakfast of his time at Equifax, Former CEO Richard Smith has secured a $20+ million payout to leave<\/a>:<\/div>\n

For a majority of workers, failure at the workplace is deeply frowned upon and frequently incurs the ultimate penalty\u2014dismissal, usually accompanied with a pittance for severance pay. Yet, in many ways, corporate executives remain above the rigmarole of a pay-for-performance model. A blue-chip executive can run a company to the ground and still be guaranteed a big payday in the form of a multi-million dollar golden sendoff. A few days ago, Equifax Inc., one of the largest consumer credit reporting agencies on the land, made headlines after agreeing to pay a total of $700 million<\/a> to the U.S. government for claims tied to a massive data breach two years ago. <\/p>\n

The data breach will go down as one of the largest ever after private information including social security data from 150 million consumers–about 56 percent of America\u2019s population–was compromised. <\/p>\n

\u2026\u2026\u2026<\/p>\n

Former CEO Richard Smith, on the other hand, is set to collect ~$19.6 million in stock bonuses that cover part of his performance in the year the hack took place, not to mention a generous offer to cover his medical bills for life; a $24-million pension and $50,000 in tax and financial planning services.<\/p>\n

That\u2019s roughly 1,000x the maximum payout to affected customers.<\/span><\/p><\/blockquote>\n

Seriously, I am sick to death of the heads I win, tails you lose bullsh%$ corrupt business management in America.<\/p>\n

By all rights, this guy should be asking, “Do you want fries with that?”<\/p>\n","protected":false},"excerpt":{"rendered":"

After making a complete dogs breakfast of his time at Equifax, Former CEO Richard Smith has secured a $20+ million payout to leave: For a majority of workers, failure at the workplace is deeply frowned upon and frequently incurs the ultimate penalty\u2014dismissal, usually accompanied with a pittance for severance pay. Yet, in many ways, corporate …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[365,368,364,387,366],"class_list":["post-177644","post","type-post","status-publish","format-standard","hentry","tag-business","tag-corruption","tag-evil","tag-hypocrisy","tag-privacy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/177644"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=177644"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/177644\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=177644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=177644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=177644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}