Smith still will receive his full pension, which was valued at $18.4 million 

Smith earned $15 million in total compensation just in 2016, including a $1.5-million base salary and $7.3 million in stock awards, according to the company’s securities filings.

Smith is scheduled to testify before the Energy and Commerce Committee Oct. 3 and a Senate Banking Committee hearing the next day. 

“I look forward to hearing directly from Mr. Smith on this unprecedented breach impacting millions of Americans,” said Rep. Greg Walden (R-Ore.), chairman of the House committee.

Rep. Maxine Waters (D-Los Angeles) said Smith’s departure just days before the House hearing doesn’t remove the company’s obligation to provide redress for people who were affected.


Sen. Elizabeth Warren (D-Mass.) said “It’s not real accountability if the CEO resigns without giving back a nickel in pay and without publicly answering questions,”