Not sure, if I follow. Are you saying that he has confidential papers just lying around his house? Or a computer (or other device) with confidential data without a strong password and an encrypted drive?
If any of this is true, I would say that this is actually a bigger problem, than the whole affair thing.
I'm just a humble software engineer and wouldn't let myself to handle any work related data so carelessly. Not sure, why a CEO of a huge multinational corporation would be held to lower standards.