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Fazal Majid said...

Excellent write-up, as always.

One point worth mentioning: the CEO is not "retiring" because he was pushed out, he is doing so to get his $90M payout before the company is sued into bankruptcy, thus preventing him from collecting. It's smart risk management for someone who obviously knows how to look for Number One. Hint: it's neither the Equifux shareholders or the public at large.

In that respect, he is no different in exploiting externalities than the banking executives at too-big-to-fail institutions who loaded up on risky debt because volatility is good for short-term stock options upside, while bad for shareholders and taxpayers.

Oct 3, 2017, 2:55:37 PM

Posted to Not Whether But When