City in partial support of Vickers

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Share Tags: NULL THE majority of people working in the City believe banks should be forced to draw up contingency plans for their own demise, with eighty-four per cent in favour of mandatory ‘living wills’ for banks, according to the latest City A.M./PoliticsHome “Voice of the City” poll. The support for wind-down plans throws the weight of the City behind proposals that Sir John Vickers’ Independent Commission on Banking is expected to make this morning, and shows there is now very little appetite to see the UK government prop up failing banks with further financial bailouts. The survey also found that 64 per cent of City workers – and the same number specifically in the banking sector – support the idea of ring-fencing certain bank operations. Examples given included critical operations such as retail deposits and payments processing as candidates for segregation, but the devil will be in the detail when it comes to exactly how ringfencing could work. But Vickers is likely to face strong lobbying against some of his other key proposals. Just 34 per cent of respondents felt that enforcing demergers to increase competition was desirable, with support falling to 28 per cent when focused on the banking sector’s response. The Lloyds-HBOS merger is expected to be heavily criticised in this morning’s report, and with mandatory branch sales a possibility for some institutions the banks are likely to lobby strongly against the findings. The City also poured cold water on the idea of a complete separation of banks’ investment and retail arms, with 69 per cent of the banking community rejecting Vince Cable’s call for a UK version of Glass-Steagall. With friction already rife within the coalition on the subject, the debate is likely to rumble on as the Commission heads for its final report, due in September. PoliticsHome interviewed 513 people from the specially recruited ‘Voice of the City’ panel by email between 6-8 April 2011. Members of the panel that respond to at least 80 per cent of surveys between now and September will be entered into a prize draw to win a luxury weekend in Paris. Full T&Cs available on request. New members can apply to join at www.cityam.com/panel. KCS-content whatsapp City in partial support of Vickers Show Comments ▼ Sunday 10 April 2011 11:33 pmlast_img read more

Blue Financial Services Limited (BLUE.bw) HY2011 Interim Report

first_imgBlue Financial Services Limited (BLUE.bw) listed on the Botswana Stock Exchange under the Financial sector has released it’s 2011 interim results for the half year.For more information about Blue Financial Services Limited (BLUE.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Blue Financial Services Limited (BLUE.bw) company page on AfricanFinancials.Document: Blue Financial Services Limited (BLUE.bw)  2011 interim results for the half year.Company ProfileBlue Financial Services Limited is a South African-based micro-finance institution which provides loans and financial services to low-income and financially underserved customers in Africa. The company has an international footprint; operating 220 branches across Botswana, South Africa, Zambia, Uganda, Tanzania, Malawi, Mauritius, Nigeria and CMA. Blue Financial Services (Botswana) Limited provides solutions for personal loans, consolidated loans, short-term loans, education loans, home loans backed by a pension and provident fund, loans for home improvement, debt consolidation and handset finance. The company also offers insurance solutions, including corporate life, personal life, corporate short-term and personal short-term insurance. Blue Financial Services Limited was founded in 2001 and its head office is based in Pretoria, South Africa.last_img read more

House in Kiyone / Tomoyuki Uchida

first_img House in Kiyone / Tomoyuki Uchida Year:  Houses CopyHouses•Soja, Japan Save this picture!© Masatoshi Kaga+ 20 Share House in Kiyone / Tomoyuki UchidaSave this projectSaveHouse in Kiyone / Tomoyuki Uchida Photographs 2013 CopyAbout this officeTomoyuki UchidaOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSojaJapanPublished on July 14, 2015Cite: “House in Kiyone / Tomoyuki Uchida” 13 Jul 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogSinkshansgroheBathroom Mixers – MetrisVinyl Walls3MVinyl Finish – DI-NOC™ Cross HairlinePartitionsSkyfoldVertically Folding Operable Walls – Mirage®SinksThe Splash LabTrough Sink – Monolith A SeriesSkylightsVELUX CommercialModular Skylights in Helmkehof Cultural CenterBathroom AccessoriesBradley Corporation USAWashroom AccessoriesConcrete FloorsSikaDecorative Floor CoatingsMetal PanelsSherwin-Williams Coil CoatingsFluropon® Coating in Thaden SchoolWood Boards / HPL PanelsInvestwoodViroc Nature for Partition WallsMineral / Organic PaintsKEIMMineral Wood Stain – Lignosil®-VeranoDoorsdormakabaEntrance Doors – MAGNEOSinksECOPIXELWashbasin – Light Basin LTBMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Japan Projects Area:  106 m² Area:  106 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/769901/house-in-kiyone-tomoyuki-uchida Clipboard Architects: Tomoyuki Uchida Area Area of this architecture project photographs:  Masatoshi KagaPhotographs:  Masatoshi KagaSave this picture!© Masatoshi KagaRecommended ProductsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornText description provided by the architects. This is a one-story wooden box. Privacy is achieved by providing a courtyard in the center making it possible to obtain lighting and ventilation simultaneously.Save this picture!© Masatoshi KagaSince all facing the courtyard is made of glass, wherever you are you will feel a connection with garden.Save this picture!Floor PlanForget the noise and movement of the periphery, you can spend some quality time feeling the plants and sky. With the possible appearance of close tall buildings, the inner courtyard will always benefit with natural light and space for the years to come.Save this picture!© Masatoshi KagaWhile this house is rooted in town it will give a rich landscape to people who walk down the road .Save this picture!© Masatoshi KagaProject gallerySee allShow lessConnekt / AteliersSelected ProjectsTemporary Shelter in Nepal / Charles Lai + Takehiko SuzukiSelected Projects Share 2013 ArchDaily Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/769901/house-in-kiyone-tomoyuki-uchida Clipboard “COPY” “COPY”last_img read more

TCU executive compensation out paces faculty salaries and benefits

first_imgLinkedin Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Linkedin printThe compensation of TCU executives has continued to rank above the university’s peers even as compensation for its faculty and staff has fallen behind. The percent of expenses devoted by the university to executive salaries ranked 5th out of 67 comparable schools, according to a report by the Faculty Relations Committee. Twenty executives received compensation that totaled to $11.4 million, according to TCU’s 2017 IRS Form 990 filing cited in the report. The percent devoted to faculty and staff compensation ranked 64th out of 67. The report initially concluded in 2019 that TCU’s compensation packages are below average and that the university spends less on wages and benefits than its peers.Last month, the university announced it was permanently reducing employee retirement benefits to 8% from 11.5% – which sparked considerable faculty concern.The committee updated the report to account for the cut to retirement benefits and concluded that the reduction “further diminishes TCU’s lackluster compensation packages in comparison to other nationally-ranked private universities.”Below are visual illustrations of the key parts of the report’s additions, which summarize the committee’s main conclusions – namely the discrepancy between how they compensate executives and faculty. Note: “Median” refers to the median figure calculated among the 67 private universities ranked in the U.S. News and World Report’s Top 150 National Universities.Note: “Median of Peer Institution” refers to the median figure calculated among the 10 universities TCU considers its peer: American, Baylor, George Washington, Pepperdine, Santa Clara, SMU, Syracuse, Tulane, Villanova and Wake Forest.Part 1: A comparison of faculty compensation packages</p>The report begins by comparing average professor salaries based on 2019-20 data from the American Association of University Professors.TCU’s salaries rank either below or even with the median of its peers.Next, the report compares the average retirement contribution pay. It lists TCU’s contributions at both 11.5% and 8% to highlight the impact of the university’s reduction.The impact of the reduction is clear. At 11.5%, TCU ranked above the overall median and the median of its peers – at 8%, it falls below both.Faculty Senate Chair Sean Atkinson said before the reduction, TCU’s higher retirement contribution helped make up for lower average salaries and attracted faculty members.“So when the retirement contribution is dropped, I think Dr. Ledbetter [who helped author the report] is right that that does make us less attractive as a university to potential faculty members and staff members,” he said.The following graphs show the change in retirement compensation pay ranking that occurred when the university reduced its annual contribution.The report then compares employees’ total compensation packages to round out the first part of their analysis.</p>Here, the impact of reducing retirement benefits is seen again. Associate professors go from above the median of TCU’s peer institutions to below it, while full and assistant professors fall further.“When comparing to the broader set of nationally-ranked private universities, TCU already offers notably lower compensation, and the reduced retirement contribution rate seems to decrease it even more,” the report states.Part 2: A comparison of university expenses allocationsThe second part of the report uses data from the university’s most recently available IRS 990 form (2017) to provide a picture of how expenses are allocated.Note: The 3.4% of expenses devoted to retirement contributions is from 2017 data, when the university was still contributing 11.5%The 37.5% of expenses devoted by TCU to non-officer wages and salaries ranked 66th out of the 67 universities in the report.Non-officer total compensation accounts for 48.1% of the university’s expenses, which ranked 64th out of 67.Next, the report looked at non-officer compensation as a percentage of all compensation, and not total expenses, to further look at how TCU’s packages compare.Once again, TCU’s percentage devoted to wages and salaries lags behind the median of its peers.The amounts devoted to other benefits and retirement contributions, however, each rank in the top 15 of the 67 universities in the report.The total of all compensation that goes to non-officers, 91.4%, ranked 64th out of 67.Part 3: A comparison of officer compensationsLooking further into the IRS Form 990 data, the final part of the report looks at how TCU compensates its 20 salary receiving officers. Among the 67 universities in the study, the 2.12% of expenses that TCU allocated toward its officers ranked 5th.Only Pepperdine devoted a higher percentage of its expenses to officer compensation among TCU’s 10 peer universities, and none of those 10 had a gross figure higher than $11.41 million.TCU again ranked 5th in the report with 4.03% of its compensation going toward officers. Only 4 other schools were above 4% in this category.Conclusion: A noticeable gapThe final illustration in TCU 360’s analysis of the committee’s report uses percentile data to illustrate the difference between how faculty and officers are compensated in comparison to other private universities.While faculty clearly make up a much higher share of expenses, their 48.1% mark is only in the 4th percentile among the 67 universities in the report.The officers make up around 2% of all expenses, placing them in the 93rd percentile.This difference was highlighted extensively in the report and ultimately led to the committee’s conclusion that, “Our salaries, retirement benefit contributions, and combined pay are not competitive across the broad spectrum of nationally-ranked private universities, including our institutional peers and aspirants.”The committee reiterated the recommendations made in the open letter that was sent out last month in response to the retirement cuts and has garnered over 300 signatures.The letter calls for the administration to commit to a principle of shared governance and consult faculty on any future decisions regarding their compensation. ReddIt Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Twitter Chancellor talks stimulus money, COVID-19 vaccines and more at limited attendance faculty town hall Board approves tuition freeze, RRI actions but doesn’t act on eligibility issue spurred by Williams World Oceans Day shines spotlight on marine plastic pollution Frog FountainThe CommonsPhoto by Heesoo Yang Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Twitter Thousands of TCU community members receive COVID-19 vaccines as university supply increases Benton McDonaldhttps://www.tcu360.com/author/benton-mcdonald/ Previous articleTwo graduate students join lawsuit against TCUNext articleInstructors, students given distance learning option Benton McDonald RELATED ARTICLESMORE FROM AUTHOR Benton McDonald Benton McDonald is a senior journalism and political science double major from Austin, Texas. He has worked for TCU360 since his freshman year and is currently the executive editor. Settlement reached between TCU, former professor in discrimination lawsuit Welcome TCU Class of 2025 TCU places second in the National Student Advertising Competition, the highest in school history + posts Facebook Facebook ReddItlast_img read more

DS News Webcast: Friday 2/7/2014

first_img The Best Markets For Residential Property Investors 2 days ago Share Save DS News Webcast: Friday 2/7/2014 About Author: DSNews Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily A new report from the inspector general for the Federal Housing Finance Agency finds that Fannie Mae and Freddie Mac have continued to purchase potentially dangerous loans despite receiving warnings about their risk. In an audit released Thursday, the inspector general outlines instances in which both enterprises ignored or overrode automated warnings of questionable appraisal data generated by their uniform collateral data portal.According to the audit, from January through June last year, Fannie Mae purchased nearly 56,000 loans for a total of $13 billion despite warnings that they may not meet underwriting requirements. Meanwhile, an examination of Freddie Mac’s purchases from June through September showed the GSE purchased 29,000 loans–totaling $6.7 billion–despite issues regarding property valuations. The audit also detected more than 414,000 instances in which the portal was unable to verify an appraiser’s license.In a response, the FHFA pledged to work with both enterprises to further develop the data portal and minimize the risk of loss.The expiration of the Mortgage Forgiveness Debt Relief Act at the beginning of the year may hurt investors as much as borrowers, according to Fitch Ratings. In a new analysis, Fitch says Congress’ failure to extend the tax relief means distressed borrowers have less incentive to agree to a voluntary property sale, resulting in lower short sale volume and thus longer timelines. Should the government not act soon, Fitch says the ratings implications are negative for legacy residential mortgage-backed securities.  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: New App Looks to Hasten Short Sale Process Next: January Job Growth Remains Anemic February 7, 2014 555 Views Is Rise in Forbearance Volume Cause for Concern? 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago 2014-02-07 DSNews Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Featured / DS News Webcast: Friday 2/7/2014 Demand Propels Home Prices Upward 2 days ago in Featured, Media, Webcasts Subscribelast_img read more

Man charged with causing death of Derry man

first_img Man charged with causing death of Derry man Google+ By News Highland – January 13, 2010 RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Twitter Facebook Calls for maternity restrictions to be lifted at LUH WhatsApp WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img Three factors driving Donegal housing market – Robinson Pinterest Twitter A 22-year-old man has been charged with causing death by dangerous driving and failing to stop or report an accident.The charges relate to the death of 24-year-old Martin Gallagher in Derry last November.The accused has been charged with a number of other offences which include driving while unfit, driving without a licence and driving without insurance.The man is expected to appear in court at the start of February. News NPHET ‘positive’ on easing restrictions – Donnelly Previous articleSpecial council meeting to discuss weather response and costNext articleDeputy McGinley’s fears of a ‘lost generation’ News Highland Guidelines for reopening of hospitality sector published Facebook Almost 10,000 appointments cancelled in Saolta Hospital Group this weeklast_img read more

Update: Sinn Fein demands release of Donegal man charged with detonating 1982 Hyde Park…

first_img RELATED ARTICLESMORE FROM AUTHOR By News Highland – May 22, 2013 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Google+ WhatsApp Pinterest Previous articleMajor emergency exercise planned for KillybegsNext articleDerry City Council and Foyle Search and Rescue reach agreement on One Big Weekend cover News Highland News Facebookcenter_img Update: Sinn Fein demands release of Donegal man charged with detonating 1982 Hyde Park bomb 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Pinterest Twitter Guidelines for reopening of hospitality sector published Sinn Fein has called for the release of a 61 year old man from Donegalwho is to face charges relating to an IRA car bomb near Hyde Park in London in 1982.The Crown Prosecution Service says John Downey from County Donegal willappear in court this afternoon, charged with the murders of four members of the British military.Commenting on the arrest and decision to charge Mr Downey, Sinn Féin Assembly member Gerry Kelly said:[podcast]http://www.highlandradio.com/wp-content/uploads/2013/05/gerry.mp3[/podcast] Google+ Minister McConalogue says he is working to improve fishing quota LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitterlast_img read more

Man arrested in Donegal after high-speed chase appears in court

first_imgHomepage BannerNews Community Enhancement Programme open for applications Facebook Important message for people attending LUH’s INR clinic Previous articleBroad welcome for upgraded works to South Donegal water supplyNext articleNI businesses told to contact Irish Government in event of no deal News Highland By News Highland – August 23, 2018 Nine til Noon Show – Listen back to Monday’s Programme RELATED ARTICLESMORE FROM AUTHOR The trial of a man accused of planting a bomb under the car of an off-duty policeman has heard about a high-speed chase involving armed police and Gardai in Donegal.Sean McVeigh, 37, of Victoria Street, Lurgan, was detained in Donegal shortly after the device was planted in Derry in June 2015.He was not arrested by the PSNI until nearly a year later.He denies attempting to murder police and possessing explosives.Yesterday, Belfast Crown Court heard that Gardai in Letterkenny were initially asked for assistance by the PSNI in Derry, concerning two cars which failed to stop at a police checkpoint and were thought to be en route to Bridgend.It was also suspected they may have had something to do with the planting of the bomb.According to the BBC, the court heard it was a two-man patrol from an armed unit, while driving towards Lifford, which first spotted one of the suspect cars, a black Volkswagen Passat, on the outskirts of Killygordon.They immediately gave chase.Eventually Gardai managed to block the Passat as it sped towards Ballybofey.Once the car was stopped, the Garda said that he and his sergeant “took necessary action” and having drawn his “official issue pistol” told those in the car, they were armed Gardai.They maintained there had been no “long search of the vehicle” and that while they may have looked inside, they had not entered it, although it would have been possible for other Gardai to enter the car without their knowledge.The non-jury trial continues today. Facebook WhatsApp Twittercenter_img Google+ News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows Google+ Twitter Pinterest Man arrested in Donegal after high-speed chase appears in court WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA Pinterestlast_img read more

Daniels speaks at CHHS

first_img You Might Like For the heart A heart is seen as people walk during the 2012 Pike County Hear Association Heart Walk in Troy, Ala., Thursday,… read more Remember America’s heroes on Memorial Day Print Article “So you must operate your business with integrity, love and caring,” he said. “Life is the most precious commodity that we have. Be grateful for it. Be thankful for it.“If you go about the business of life in the right way, your investment will not be empty because of the legacy that you leave behind. Be a good CEO of the business of your life.”Dr. Boyd English, CHHS principal, also encouraged the students to give their best each day.“Never give up,” he said. “If you give your best each day, you will be on the path of success here at CHHS and in life.” Plans underway for historic Pike County celebration Latest Stories Daniels speaks at CHHS Troy falls to No. 13 Clemson Pike County Sheriff’s Office offering community child ID kits By The Penny Hoarder Published 2:18 pm Saturday, February 18, 2012center_img By Jaine Treadwell “You have to have a good attitude and an outstanding work ethic,” he said.“Your hours of operation in the business of life are 24-7. You go to work as soon as you get up and don’t stop until you lay your head down at night.“To succeed in the business of life, you must be of good character. You must be able to communicate. You must be able to accept criticism and you must learn not to sweat the small stuff.”Daniels told the students that they live in a post 9-11 world. Going about the business of life was the message that Leeposey Daniels brought to the students at Charles Henderson High School on Friday.Daniels, a 1970 graduate of CHHS and a 33-year employee of the Alabama Department of Corrections, was the guest speaker at the school’s Black History Program at Wagoner Hall.Daniels told the students that each of them is in business – the business of life. Book Nook to reopen Email the author The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Sponsored Content Next Up“You are in business, a business where you are the employer and the only employee,” he said. “To have a successful business, you must have a plan. You must make financial arrangements and you must set high goals. Even if you don’t reach those goals, you have reached to great heights.”Daniels said today’s world is on a fast track and it’s a world that is constantly changing. “You have to accept change,” he said. “You have to accept it and roll with it.”Being the CEO of a business, whether it is a mom and pop operation or a big corporation, is a huge responsibility, Daniels said. Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential Health32-second Stretch Ends Back Pain & Sciatica (Watch)Healthier LivingThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Former Equifax executive charged with insider trading

first_imgEquifax(NEW YORK) — Insider trading charges were announced Wednesday against a former Equifax executive who sold his shares for nearly $1 million before the company’s massive data breach was revealed to the public and the stock price plunged.A federal grand jury on Tuesday indicted Jun Ying, 42, the former chief information officer of Equifax’s U.S. Information Solutions, part of the Atlanta-based credit reporting company. The Securities and Exchange Commission on Wednesday also charged Ying with insider trading.It was not immediately clear whether Ying had an attorney who could comment on the charges.The SEC and U.S. Attorney’s Office in Atlanta said federal investigations are ongoing. Ying is the only former Equifax executive named in Tuesday’s indictment.Equifax Chief Financial Officer John Gamble and three other executives sold shares worth a combined $1.8 million days after Equifax discovered suspicious activity on its network — and nearly a month before Ying sold his shares — but Equifax said an independent committee determined that these other executives did not know of the breach when their trades were made.A total of about 147.9 million Americans have been impacted by Equifax’s data breach, which remains the largest exposure of personal information in history. It was disclosed to the public on Sept. 7.The SEC noted that at the time of the breach, Ying was often entrusted with nonpublic company information and was a leading candidate to become the global CIO of Equifax, a job he was in fact offered on Sept. 15, the same day the company announced CIO Dave Webb would retire.Federal authorities say Equifax discovered the suspicious activity on its network on July 29. In mid-August, the company changed administrative credentials for many of its internal databases. Ying was aware of these changes, and employees who reported to him were responsible for some of them. On Aug. 25, Ying along with several employees who reported to him were asked to help respond, although he was told then that the work involved a potential Equifax customer, not Equifax itself, the indictment says.Ying sent text messages to a co-worker saying, “Sounds bad. We may be the one breached,” and “I’m starting to put 2 and 2 together,” the indictment says.Three days later, Ying used his Equifax computer to do internet searches on the effect on the Experian stock price of a 2015 breach at that credit reporting company. Later that morning, on Aug. 28, he exercised all his available stock options and received 6,815 shares of Equifax stock, which he sold for more than $950,000. That represented a gain of more than $480,000, prosecutors said.The SEC complaint says Ying worked at Equifax until October.“Upon learning about Mr. Ying’s August sale of Equifax shares, we launched a review of his trading activity, concluded he violated our company’s trading policies, separated him from the company and reported our findings to government authorities,” Equifax said in an emailed statement. “We are fully cooperating with the DOJ and the SEC, and will continue to do so.”Copyright © 2018, ABC Radio. All rights reserved.last_img read more