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Re:US Senate report on Equifax breach [pdf] by lisper on Saturday June 22, 2019 @12:41PM (#20250476)
Not really. The shareholders are the ones who ultimately take the hit, not management. So unless there's a shareholder revolt, or the board starts firing people or clawing back compensation, the people who actually make the decisions feel no negative consequences at all.
Re:US Senate report on Equifax breach [pdf] by dabei on Saturday June 22, 2019 @12:54PM (#20250527)
There is always consequence. You only see the dramatic ones from outside.
Re:US Senate report on Equifax breach [pdf] by lisper on Saturday June 22, 2019 @01:05PM (#20250577)
Really? Can you show me even a single example of a senior executive having their lifestyle meaningfully impacted? Having to downgrade to the next smaller size of private jet doesn't really count.
Re:US Senate report on Equifax breach [pdf] by deftnerd on Saturday June 22, 2019 @02:28PM (#20250978)
What if management was fined through increased income taxes in some way? If structured right, it would prevent a 5 million personal fine to a CEO being made up with a 5 million company bonus.
Re:US Senate report on Equifax breach [pdf] by rectang on Saturday June 22, 2019 @02:38PM (#20251027)
For example: limit the ability of executives to sell shares of stock they receive as compensation, requiring a delay of five years or so.
Re:US Senate report on Equifax breach [pdf] by cwkoss on Saturday June 22, 2019 @02:54PM (#20251098)
Until CEOs are personally liable for >100% of compensation amount in cases of gross negligence, corporate malfeasance will continue to be rampant.
Re:US Senate report on Equifax breach [pdf] by gwright on Saturday June 22, 2019 @03:28PM (#20251254)
Not going to happen. Or should I say that you'll have no applicants for your next CEO opening.

How about prosecuting the people exfiltrating the data? Seems like they should be 100% liable for their actions.