Equifax CEO is Fired/Retired/Gone
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 26 September 2017
⏱️ 20 minutes
🧾️ Download transcript
Summary
Richard Smith is out as chairman and CEO of Equifax. Jason Moser analyzes the potential for a light at the end of the tunnel for shareholders. Plus, we dig into surprising profits from Ascena Retail and offer a sneak preview of our event next week in South Carolina.
Transcript
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| 0:00.0 | Support for market foolry comes from our friends at Rocket Mortgage by Quick and Loans. |
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| 0:18.4 | It's Tuesday September 26th. Welcome to Market Foolery. |
| 0:24.0 | I'm Chris Hill joining me in studio today for a million dollar portfolio, |
| 0:27.0 | Jason Moser. |
| 0:28.0 | And you may say, hey, why's Jason in the studio? |
| 0:31.0 | He was just there yesterday. |
| 0:32.0 | And there are a couple of reasons, but the main reason is because the news fairy showed up this morning and Jason has earned the right of basically the right of first refusal. first dibs on the news fairy story. |
| 0:46.4 | Why not? |
| 0:47.4 | It seems like it's a story we've been following around for a while, so. |
| 0:50.4 | I mean. |
| 0:51.4 | Equifax Chairman and CEO, Richard Smith is out. |
| 0:56.4 | He is out and... |
| 0:59.0 | As he should be. |
| 1:00.0 | As he should be, and I was reminded this morning by our colleague Brian Richards of |
| 1:06.8 | something that you know you look at the coverage of this story so far and maybe |
| 1:11.8 | this will change by the time this episode has been |
| 1:14.2 | published and people are actually listening to it. Maybe some of the words, some of the |
| 1:17.2 | language will change, but the Washington Post saying that Richard Smith is retiring and Wall Street Journal, you know, sort of this soft and Brian Richards reminded me of something our friend Morgan Housall had written over the summer which is the sociology of firing. |
| 1:36.7 | If you're poor you're fired. |
... |
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