Former Equifax CEO Richard Smith collects $90M for his last year of outstanding work

cc @MaiqTheLiar

NOTE BOTH OF YOU: I did not say he doesn’t deserve to lose his job. I did not say he has zero culpability.

I said, let’s just keep in mind he is not personally (as in solely or directly) responsible for this. At no point did he flip a switch to cause the breach, let us also acknowledge there was likely little he could have done to prevent it. Which is where my point lies and always has so…why do corporations pay such outrageous compensation for those that do not actually effect things directly one way or the other.

A surgeon SHOULD and IS highly compensated…they literally have a direct hand in the success or failure of an operation. Airline pilots also highly compensated individuals who have direct measure on the outcome of a flight. Fund Managers have direct effect on the success of the overall fund’s growth or failure. These make sense to compensate highly such positions.

Executives do not have zero influence on success/failure, but do not have as much as they believe and should not get compensated so handsomely is my point.

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