Equifax CEO Walks Away with $18 Million After Data Breach Affecting Half the US Occurs on His Watch
Michael Peregrine said the abrupt departure of Equifax's CEO may be seen as a move by the board to be proactive ahead of an anticipated major grilling by lawmakers about the company’s data breach. "The new standard with boards now is 'how badly will we look compared to other unnamed CEOs in front of Congress?'" Mr. Peregrine noted.