- F*ck your customers over by gross negligence and sheer greed (or stupidity, or both)
- Get caught with your pants down
- Dump your stocks and cash out
- Apologize when customers and media express outrage
- Go to Congressional hearing and repeat the magic words "I do not recall" for every question
- Find 1 low-level scapegoat employee
- Fire that employee and declare that the company is now 'clean'
- Avoid any jail time for wrong doing by paying a fine
- Collect your 'Golden Parachute' = MILLIONS and slide into a new CEO Job.
- Rinse and repeat.
White collar crime pays. Big time.
And almost no-one ever goes to Jail -- unless they have the bad-fortune of being prosecuted by A.G. Preet Bharara (record of 79-0 conviction obtained), which is also not relevant since Trump fired him soon after taking the White House Office.
Related: Here's Preet Bharara's Amazing 79-0 Insider Trading Conviction Score Card - http://www.businessinsider.com/bharara-insider-trading-convi...
that's one heckuva excuse, dude.
If the conclusion blames an individual then 100% of the time the real problem is with the system that gave them that much power.
"The Field Guide to Understanding 'Human Error'" by Sidney Dekker.
Edit: to add to his, what I mean to say is: it's great that (some) companies have this culture internally. It remains to be seen whether the mantra would survive a sufficiently large scandal. Maybe that's when the legal team comes in with the damage control plan as outlined in another comment by @justboxing.
And what about the person who’s job was to make sure that one guy did his job?
And the guy who was in charge of that person?
And the department who’s job was makin sure nothing was insecure?
And the guy managing them?
Yep. All one guys fault. Poor guy, ruining the American credit monitoring system for the rest of us.
Doubtless the various lawsuits will be coming back to this testimony for many years.
That person is the former Equifax CEO.
"Amazing" is a word I would use, but not the first one. Or even one of the first few.
And if you run a company with a lazy, stupid person being on the critical path for your most important systems? Your systems are broken, because that person shouldn't be there.
"Former Equifax CEO says 'There is only one infosec person in our company'"