IT Privacy @ work, CEO wants all admin staff user/pas

My CEO, which no one trusts, just put out an email that said this to the admin staff (5 members):

"We never know when we might be hit by a bus… meaning, who and how would RHCA pick up where you left off should you suddenly no longer be available? So, we all need to write down our log ins, passwords, account numbers, key contacts, etc., for the various systems and programs and entities that you conduct business with. Put your information in a sealed envelope and send them to me. We’ll secure the envelopes and hope we never have to use them. Please get your envelope to me COB on April 25th. [Joseph… can you get yours done before you leave for training?]

OK… names, passwords, phone numbers etc. change. So, we’ll probably do this exercise periodically."

None of us trust him and feel he is fire happy. Isn't this an IT security violation? Any know where I can site something to block this? Thinking of giving old passwords.

Their username and their password, their property that the username and password is protecting.

You don't have a leg to stand on.

Bullshit. I have an IT policy to block it.

Never heard of such a thing. All our computers, peripherals, ect. are on clouds. Our passwords are useless here, its about the software control. I think your CEO is behind in times. We aren't allowed to keep files on our computers or devices here.

This is why you always overlap 2 employees or admins with the same jobs or in this case rights.

Yeah this is a security nightmare

I'm job hunting. This is shady activity.

If he's asking you to disclose confidential and/or personal information, that's probably illegal and you should see if you can get the law on his ass.

First time I hear of a CEO that doesn't have access to all accounts anyway...they always have access to all accounts through theirs...

give him this as your password

ThlsIsN0TmyPasSWOrD<=====3;)

In order for you to have a login and password there exists a database of accepted information it checks against. So if he really wanted the data he should just ask the DBA to dump the table to a text file and email it to him. Dude sounds like a hardcore idiot.