Following Data Breach, Equifax CEO Collected $90 Million Payout

Equifax CEO Richard SmithScreengrab / Fox News / YouTube

Equifax CEO Richard Smith is walking away from his demolished company with a reported $90 million day payout according to Fortune Magazine.

Equifax CEO Richard Smith is walking away from his demolished company with a reported $90 million day payout according to Fortune Magazine.

Only in corporate America can a CEO be so obscenely rewarded for destroying their own company.

The CEO is still set to collect about $72 million this year alone (including nine months' worth of his $1,450,000 salary), plus another $17.9 million over the next few years. That's when the rest of Smith's stock compensation hits a few important milestones or "vests," allowing Smith to essentially put it in his bank account. Altogether, it adds up to a total potential paycheck of more than $90.1 million, according to Fortune's calculations based on Equifax securities filings.

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