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Marissa Mayer Is Giving Yahoo Employees Her Annual Bonus To Make Up For Massive Hacks (theverge.com)
Following two separate security breaches revealed last year that compromised the personal information of more than 1.5 billion users, Yahoo CEO Marissa Mayer announced today via her Tumblr page that she will be redistributing her annual bonus and equity stock grant to Yahoo employees. The Verge reports: Relevant to Mayer's admission here, an independent committee Yahoo brought on to investigate the hacks found the company to be at fault for not sufficiently responding to the security incidents. "While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the company's information security team," reads the committee's findings, which are contained in Yahoo's 10-K report for 2016. As a result of the hacks, Yahoo's top lawyer, Ron Bell, has been fired, Recode reported today. Mayer has accumulated about $162 million during the five years she's spent as the company's CEO in both salary and stock awards, according to CNN. She's also due about $55 million in severance if she decides to leave the company following its acquisition by Verizon. So it's safe to say her bonus would involve a hefty amount of money now going to Yahoo employees who have weathered the storm throughout Mayer's tumultuous tenure.
"she will be redistributing her annual bonus and equity stock grant to Yahoo employees."
Not hard to do, if you already have more money than you could ever reasonably spend. At her level, money is not a means of exchange, it's just a tally on a scorecard.
"National Security is the chief cause of national insecurity." - Celine's First Law
Probably $100 or so per person before taxes. Not bad, but the money probably doesn't go very far for those in Silicon Valley, and that would be most of them.
Yahoo is absolute radioactive poison if the CEO isn't keeping the money.
They've probably made a pact with some world-eating demonic entity or something.
Marissa Meyer, God's Beloved, ordered Yahoos to hack 1.5 million user's accounts to make them available to a "Third Man".
Now She graciously gives a few Pennies to to her minions for a "JOB WELL DONE"!
Oh, How Sweet, A Tear In The Eye, ... May God Bless with quivering penis Marissa Meyer, Nazi, and may her "Edelweiss" grove stronger in the Nazi valley of Sunnyvale, CA.
1000-years of happiness!
So Marissa Mayer screwed up, Yahoo employees screwed up, 1.5 billion users had their personal information compromised -- so give the EMPLOYEES a bonus?!?
How about something for the 1.5 BILLION users whose information was compromised?
AKA, Yahoo customers.
I'm a paying customer. Where's my remuneration for my problems?
Maybe she could give her bonus to the people whose accounts got hacked through Yahoo's gross incompetence.
"Tell me doctor, with all of your defenses, are there any provisions for an attack by killer bees?"
Don't have access to your old phone? Recovery e-mail not working? Then Yahoo says, Get Lost.
Have your ID, password, and digits of old number? Why can't you login? OH YOU HAVE TO PROVE ITS YOU.
But you can't. Even though obviously you have the password.
Give me your bonus you witch
Incompetent employees that build an infrastructure able to be routinely hacked! Let's award them! Quality leadership.
Again, why?
She gave bonuses to the incompetent fools who were responsible for the hack, I mean who implemented the NSA requested feature.
What she will ruin in her next position?
That horse-faced thunder-thighed ninny has made herself somewhat useful!
DId I read that right ? That's just fucking stupid.
A programmer (for example) with more that 15 years of active experience that spent countless hours learning new stuff, and improving himself, making $200k a year (if he's lucky), cannot even 'accumulate' 1 million in five years... how the fuck are these CEOs making this much money ?
$55 million in severance ?
She needs to take her and ALL executives bonuses and start with the lowest paid employees and go up from there.
Start with saying sorry for being a worthless CEO that is killing the company.
Do not look at laser with remaining good eye.
actual bonuses? not for the rank-and-file. plenty in bentonville get them, though.
I actually worked at Wal-Mart for 7 years and have several phone calls out to a few market managers because I wouldn't mind going back (at a much higher pay rate after I'm done with school). I'm in the pharmacy, mind you, but the seven years I spent there were as a tech. I can assure you that the rank and file get bonuses every single quarter. There's a big poster in the break room tracking progress. The bonus is given based on store performance in four categories (profit, inventory turns, total sales, and something else). If you're at a high performing store you can make an extra $2000 a year or so (sadly that's ~10% extra for a full time employee). Number-wise for someone like you who probably makes six figures it's probably not much, but to those people who are barely above minimum wage it's huge.
We don't want her annual bonus, we want her to get the fuck out and leave behind her unearned obscene golden parachute.
How is she getting a bonus? If it's scheduled then it's not a bonus, it's a wage. If it's not scheduled then WTF has she done to deserve a bonus?
Anons need not reply. Questions end with a question mark.
~10% says it all - 10% of an insult is, actually a bigger insult.
I refused an offer for a teaching assistant position that would have paid for my PhD, plus ~$22K/yr salary, had just completed a similar gig for a Masters' degree - 2 years of indentured servitude in exchange for a dubious piece of paper was enough, thank you.
WalMart employees aren't even working toward something ostensibly valuable to their future life, they're just sharing rent in a cheap apartment, saving up to maybe buy a car someday.
Where is this place?
Why give her bonus to Yahoo employees,they are the ones who helped in the multiple cocktails ups that have led to massive amounts of data being stolen,how about giving it to the people who have actually suffered a loss,the account holders ?
Yahoo employees have lost nothing,they were already thought of as some of the most usless dicks in the I.t sphere,most would struggle to get a job elsewhere if forced to admit that they had worked at Yahoo for very long..
Let's see some kind of proof from you Yahoo that these were "state sponsored" attacks,it looks more like an insider job to me..
You realize, though, that the crappy situation you're talking about is something endemic to the US economy and not just Wal-Mart. There's a reason that so many people are pushing to raise the minimum wage. Wal-Mart, right before I left, announced that there would be a $10/hr minimum for front-end workers which was a decent improvement from the previous status quo.
That being said, Wal-Mart isn't that bad of a place to work, especially after you break through that living wage barrier and get up to store level management or higher (and they will promote almost anyone as long as they are reasonably competent and stick around long enough). They even offer health insurance to part-time employees (again, if you've been there long enough). From what I understand, it's not as awesome as when Sam was still alive, but it's still not bad.
The arrogance on display by top-level executives is astounding. Mayer is going to voluntarily give up her bonus, what a sacrifice! Of course, she didn't intentionally screw up, so it's not her fault. The fact that any other employee who screwed up his/her area of responsibility would be (and was) sent packing? Doesn't matter, the elite are not to be held accountable.
What is it about bonuses, anyway? They are handed out to top-level execs like candy - even in the case of the worst business failures, the bonuses are never docked. Note that Ms. Mayer still received $35 million in 2015. For what, exactly? Presiding over the downfall?
Enjoy life! This is not a dress rehearsal.
Why'd she get a bonus in the first place?
"As a result of the hacks, Yahoo's top lawyer, Ron Bell, has been fired"
This is probably all we need to know.
Keep the Classic Slashdot.
Someone probably hacked into her email and released a statement in her name to embarrass her.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Hello my name is (((Mayer))) and I get rewards based on my religious background. Want to pick a winner, pick my religion. Now you know the pattern, feel free to buy IPO based on it.
Agreed, WalMart is just the poster child for the larger living wage problem. When I was in High School (80s), jobs like that (in my town) were 80% staffed by kids with no real income needs - just for pocket money, there would be the occasional older loser who just didn't care that they could only afford to live in a trailer park with 3 roommates in an 800 square foot tin can built 30 years ago, and once in a rare while - a true hardworking person in a tough situation who was just using the income to get by until they got something better.
Today, there are so few better opportunities out there that the demographic of who's working near minimum wage jobs has become much more diverse, and people who really want out don't have nearly as much opportunity to get out. It's not impossible, but it's much much more challenging and competitive.
The autism-hating, custom EpiPen-hating, Musk-hating Slashdot troll!
Finally has got out of the Silicon Valley ' 'hippie bubble' and the learned money buys you everything.
Got a problem, buy your way out of it. It's the greedy businessman way...
The Associated Press is reporting that the Yahoo Board decided not to pay Marissa Mayer her annual cash bonus. Her message was sent out after that point requesting that the money, that she now isn't receiving, be distributed to Yahoo employees. The board has not yet decided to honor her request. Mayer did offer to also relinquish her stock award, which the board apparently accepted. So she has that going for her.
Agreed, WalMart is just the poster child for the larger living wage problem. When I was in High School (80s), jobs like that (in my town) were 80% staffed by kids with no real income needs - just for pocket money, there would be the occasional older loser who just didn't care that they could only afford to live in a trailer park with 3 roommates in an 800 square foot tin can built 30 years ago, and once in a rare while - a true hardworking person in a tough situation who was just using the income to get by until they got something better.
Today, there are so few better opportunities out there that the demographic of who's working near minimum wage jobs has become much more diverse, and people who really want out don't have nearly as much opportunity to get out. It's not impossible, but it's much much more challenging and competitive.
I'm glad we found a common ground. I see the same thing happening. Even in the 90's when I was in high school, I knew people who worked at K-Mart, Pizza Hut, grocery stores, and other low wage positions. Now those positions are increasingly staffed by older people. A knew quite a few people at Wal-Mart who were teachers trying to supplement income on the evenings and weekends. It's a sad commentary that the people who are educating my children are having to work 7 days a week just to make ends meet or provide a decent living for their own kids. How much time does that leave for lesson planning outside of school? Something needs to give. I don't think huge minimum wage increases are the answer because that will make everyday items more expensive and lead to even more job elimination. I'm personally a big proponent of the various universal basic income schemes. We'll see what happens in the future, but the status quo is just not heading in a good direction.
I have special needs kids, they need aides to function in public school classrooms, so aides are provided. Not good aides, mind you, just warm bodies who help keep them from being "a problem in the (cough) learning (cough) environment." One of our kids' assigned aides worked stock at Target on the midnight to 7 shift before coming to be his aide through the school day.
So, when our kids had good aides, teachers who cared, etc. they made great progress in school - learned, advanced, became less dependent on special help. Most of the time, when we had burnt out Target stocker class aides, we were lucky if we didn't have significant backsliding, problems staying in school through the whole day, etc.
When you cheap-out on labor too much, you create problems that are far more expensive than just paying decent wages in the first place. The WalMart et.al. rise to economic dominance has been based on externalizing these problem costs while benefiting from the cheap labor.
This is part of the problem with the cost of health care in America. Employer provided health care. This all got started at the end of WW2, with so many men coming back from WW2, employers were hiring by the truckloads. To "entice" workers, they started to provide health care coverage. Go forward 70 years and look what happened. Now, you ask about 99% of the people, what it costs to go to the doctor, and most of them will say "my copay is". No, that wasn't the question...how much does it cost to go to the doctor? They will look at you with the deer in the headlights look. They have NO IDEA what it actually costs to go to the doctor, how much their prescriptions costs etc. They only think they pay the copay and that's it. When the consumer is removed from the ACTUAL cost of healthcare, you see the prices rise up, like they have. Granted, health care and advancements in technology have extended the health and life of most Americans, but, with the consumers not "actually" paying for a lot of it, they have no idea how much the costs are, and, being locked into a health plan, their choices are limited, under that plan, who they can and cannot see. If one doctor charged 85 dollars for an office visit, and another one charges 40, but the first one is "free" on the plan, which one you think they will see? With competition taken away, due to employer provided or partially paid for health plans, consumers don't have a lot of choice to shop around for the best price.
Because a graduate student working as a TA is totally the same thing as someone who might not even have a GED stocking shelves.
#whiteprivilege
Gamingmuseum.com: Give your 3D accelerator a rest.
Have you ever thought to ask those teachers how much they make, and what their expenses are? I'll bet they overextended themselves, like many of us. And if they truly are underpaid, that's purely a local problem that needs to be handled in your school board meetings. In my district, for what is at most 10 months of work the average teacher earns about what I do (plus superior benefits), and I have 20 years of experience in my field. But no one wants to have their OWN property taxes raised. They want the federal government to step in and make the "rich" (everyone who make more money than you) pay for it.
Gamingmuseum.com: Give your 3D accelerator a rest.
I got that TA position while attending Uni on a scholarship - not too much privilege required to get there, other than the fact that my parents were self-sufficient so I didn't have to go out to work to keep a roof over their heads.
So, the big contrast TA vs WallyWorld Minion is that I was on the "ain't gonna be doing this forever" track, whereas you need to win a minor lottery to take a step up the WallyWorld ladder. I got to choose when I stepped off the subsistence income merry-go-round and into decently paid employment.
Sadly, even college grads with MS degrees now need a degree of luck to move up from the minimum wage + 10% level.
She can't even do that right.
Have you ever thought to ask those teachers how much they make, and what their expenses are?
No, I've never done that because that would be rude. It's not my place to judge them. Of the one with whom I had a personal relationship, I know he had a child with greater-than-average medical needs. The others seemed to signal that they were just trying to make some extra money.
I don't know where you live, but in my state, the average teacher salary is ~$50,000/year (source). I wouldn't exactly call that rolling in dough, especially when you consider that many have a master's degree and also have their own kids to take care of. Also, our budgets for resources and supplies is garbage in this state. Many teachers ask for donations of paper, glue, etc from the parents. Many end up buying the stuff they don't get with money out of their own pockets (so that employee discount helps). The problem just magnifies when you get to poorer school districts.
This was not a benevolent act according to other news sources, it was revoked by the board.
How's life in the hypocrite lane?
Another misguided half-measure from Mayer. If you really feel that your employees deserve your bonus and you do not, you should be writing a resignation letter.