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Marissa Mayer Is Giving Yahoo Employees Her Annual Bonus To Make Up For Massive Hacks (theverge.com)

Posted by BeauHD on from the better-than-nothing dept.

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.

5 of 108 comments (clear)

  1. Meh. by msauve · · Score: 4, Insightful

    "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
    1. Re:Meh. by Karlt1 · · Score: 5, Insightful

      I agree but give credit where it's due. Do you see the Waltons giving bonuses to their employees?

  2. Wrong recipients by Scutter · · Score: 5, Insightful

    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?"
  3. Explain something to me... by Gravis+Zero · · Score: 4, Insightful

    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.
  4. Re:$162 million in 5 years ? by lucm · · Score: 1, Insightful

    Feminazis keep saying that it's not her fault, that she was set for failure, that is was a glass cliff. But she did everything wrong; antagonize business partners, antagonize paying customers, shutdown profitable units to subsidize pet projects, let tech leads go and replace them by overpaid googlers. Again and again people came up with suggestions, solutions, plans; but she turned them down and kept driving this profitable company into the ground.

    Those millions she walk away with are not about her expertise. They're the price Yahoo pays for a complacent board that went for the flavor of the week: a female CEO with a tech background that looked good in photoshoots.

    --
    lucm, indeed.