Ousted Equifax CEO Trolled Hilariously By ‘Monopoly’ Guy at Senate Hearing
Former CEO Richard Smith Has Monopoly Guy Peering Over His Shoulder At Senate Hearing
Since the bombshell revelations that an Equifax data breach exposed the personal information of over 145 million Americans, the public has wanted answers. And some of that answering has come in the form of former CEO Richard Smith talking to the Senate in a public hearing.
But public hearings mean public scrutiny, and that can sometimes mean very public ridicule for some corporate fat cats. And that’s just what we saw today when Smith appeared in front of the Senate Banking Committee.
A prankster, dressed as the famed Monopoly mascot, decided to photobomb Smith during his televised testimony. Adorned in top hat, white mustache and a monocle, the joker could be seen just over the left shoulder of the former CEO.
— Steve Kopack (@SteveKopack) October 4, 2017
— Joyce Koh (@JoyceKohTV) October 4, 2017
Richard Smith stepped down from his position last week as the fallout from the data breach continued to escalate.
Some on Twitter were quick to have a little fun with the scene.
Rich Uncle Pennybags the mascot of Monopoly game is sitting behind former Equifax CEO Richard Smith at Senate hearing. Get out of jail free? pic.twitter.com/vFLmPL2IJp
— RiotWomenn (@riotwomennn) October 4, 2017
On the previous day, the monopoly man was reportedly handing out “Get Out of Jail Free” cards to people at the Wells Fargo hearing. It’s an attempt to draw awareness to forced arbitration clauses that help hide wrongdoing to consumers by financial institutions.
— Sensible Safeguards (@RegsRock) October 4, 2017
Public Citizen is just one of the groups raising the alarm over these questionable actions by corporations. The group took credit for sending the Monopoly man to the hearing.
— Public Citizen (@Public_Citizen) October 4, 2017
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If all 148 million consumers in the other 42 states and the District of Columbia ordered a credit freeze today, Equifax, Experian and TransUnion (NYSE: TRU), the three major U.S. credit reporting companies, would rack up $4.1 billion in revenues, according to researchers at U.S. Public Interest Research Group (USPIRG).
Despite the security problems, Equifax is still being awarded multi-million dollar contracts from the Internal Revenue Service. POLITICO reported the IRS will pay over $7 million to Equifax to help “verify taxpayer identity” and “assist in ongoing identity verification and validations”.
It would be incredibly naive to think anyone in finance will have to face the music for any wrongdoing to consumers. One just needs to look at the aftermath of the Great Recession to know that. But public ridicule of CEOs like Richard Smith is at least a small victory. And we can thank the joker in the Monopoly costume for giving us a little bit of that today.
Featured image via Twitter (Fair Use).
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A very happy stay-at-home dad with a Master’s in Poly Sci which qualifies him for asking an endless number of questions on issues and having no answers.