Wednesday, March 1, 2017

Yahoo CEO Mayer Will Forgo Bonuses Due to Security Lapses

Mayer won’t be paid her annual bonus or a potentially lucrative stock award because her management team reacted too slowly to a major breach discovered in 2014.

It’s probably not going to affect her regular bill-paying routine, but Yahoo will be withholding a lot of bonus money–possibly as much as $2 million–from CEO Marissa Mayer because of her faulty supervision of two major security breaches in the last three years.Those two well-chronicled security lapses exposed the personal information of more than 1 billion Yahoo users and cost the company $350 million in corporate value prior to its pending acquisition



source http://www.omnipopmag.com/2017/03/02/yahoo-ceo-mayer-will-forgo-bonuses-due-to-security-lapses/

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