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.

Comments

Re:Meh.

[Mashiki]

Bonuses aren't really bonuses if they're incentives for doing more work.

That's the exact idea behind a bonus. It's not because of altruism. The only case where this is different is if your company is a co-op or has profit sharing. The company I work for has profit sharing, which means I usually get a nice check for $10k-$15k/year. A friend of mine works for a co-op business(related to farming where this is common), and if there's more money being made everyone gets a cut and the rest goes into the "rainy day" fund for when times are bad.

And $2-$5 above minimum wage is pretty much nothing, which is why only teenagers, illegal immigrants,and total fuck-ups work for such a rate.

Then you should really turn around and get your high school diploma and either pick a trade, become a bus or truck driver or a worthwhile major instead of majoring in genders/womens studies shouldn't you? These jobs weren't meant to be filled by anyone but teenagers and young adults, but most of the people in those jobs are now 30+ To be realistic, around here your brand new hire at walmart is making around $14/hr. Now where I live as a part time job(under 30hrs/week), you can live comfortably on that in a good apt, or saving up to buy a house and have spending money to spare. If you live in Toronto, Ottawa, London? Well no. That's the reality if you don't live in major cities, at $14/hr even with a min wage of $11.25/hr you're going to be fine.