Equifax clears executives who sold shares after hack

reuters.com

27 points·JumpCrisscross··7 comments

Was anyone expecting a different outcome? To punish them would admit even more culpability, something Equifax has consistently resisted since day one

While it's easy to attribute malicious intentions, open market "sell" trade seems to be pretty common at Equifax:

http://www.nasdaq.com/symbol/efx/insider-trades?sortname=tra...

It is surprising considering executives normally set up automatic sells, like in the Bezos case discussed yesterday:

https://news.ycombinator.com/item?id=15623102

So, it remains to be seen what actually happened here.

The initial reporting I saw on this indicated they sold something like 5% of their total stock in the company, which seems like kind of a small amount to risk insider trading charges over.

haha, oh well as long as the corporation has cleared them then they must be innocent! No conflict of interest here!

Okay joking aside, I am really curious, are these people idiots? Are they criminals? Are they both? What makes them think they can get away with these kinds of behaviors?

Holy shit what needs to happen for the government to step in.

> The U.S. Justice Department is conducting its own criminal investigation into the share sales.

The government stepped in when the news broke. Equifax doesn't get to conduct investigations, on itself or anyone else. They can perform whatever theater they like, but it is completely meaningless. Imagine a "crazy" person talking to themselves on the subway. That's Equifax.

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