Senators Pounce on Equifax Executives’ Stock Sales at Hearing
- Three executives sold $1.8 million worth of shares after hack
- Lawmakers say it’s ‘hard to believe’ men didn’t know of attack
Sen. Warren: Equifax Might Benefit From Data Breach
This article is for subscribers only.
Equifax Inc.’s former Chief Executive Officer Richard Smith drew wrath from lawmakers on both sides of the aisle over stock sales initiated by three of his former deputies just days after the company learned of a potential hack.
Senators Jon Tester, a Democrat from Montana, and Tim Scott, a South Carolina Republican, pummeled Smith with questions Tuesday about what executives knew when they sold stock worth almost $1.8 million soon after the problem was discovered. The breach exposed sensitive consumer information for about 145 million Americans, the firm later said.