September 08, 2017

Capitalism 101

Joseph Loughran is listed president of the opaquely named US information solutions, a division of Equifax, the credit score people.

On July 29 of this year, it became apparent that a security breach had allowed outsiders months of access to Equifax's consumer credit information, files on somewhere in the neighborhood of 145 million Americans, containing pretty granular stuff collected by Equifax to create a baseline for deciding if a given consumer is good for another round of credit.

On September 7, Equifax publicly admitted the breach, causing its stock to dive.

On August 1, on the other hand, Joseph Loughran, the president of US information solutions, sold what Equifax stock he owned for $584,099.

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