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

Meh.

[msauve]

"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.

Re:Meh.

[Karlt1]

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

Re: Meh.

[imgod2u]

Walmart does give a lot of bonuses to employees at around the same level of skill as a typical Yahoo employee...

And comparatively speaking, Walmart is doing great business wise so it's not like the CEO deserves a pay cut for some massive fuck up.

Re:Meh.

[Mashiki]

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

They give bonuses every year. They even have monthly incentive bonuses, track bonuses, scan bonuses(people who clear checkouts fast), sign-up bonuses for their credit card(pay for each app, and a monthly bonus for the most signups), employee with highest customer approval call-ins, and so on. I'm constantly amused at the number of people that think walmart is some evil sweat shop and the people there get paid nothing. When in most places they're paid above min. wage by $2-5/hr. It is a bottom level job, but that also doesn't stop you from moving up in the company into white collar positions.

Re:Meh.

[geek]

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

Spoken like someone who's never had a bonus. Do you even know wtf a bonus is for? Hint, it's not altruism.

Re: Meh.

[lucm]

actual bonuses? not for the rank-and-file. plenty in bentonville get them, though.

Wrong. Most people at Walmart headquarters are paid below market for their skills and the perks are nowhere to be found. Being a cheapskate is a virtue in that organization; there's even a famous senior manager who uses cheap patio furniture provided by a vendor (as a sample) in his office.

As for retail employees being paid low wages: that's how the market works, and that's how Walmart can sell stuff at rock bottom price. Anyone who applies for a job at Walmart and doesn't know this in advance is a fool.

Re: Meh.

[luis_a_espinal]

So you think you should be able to work in bumfuck Arkansas with it's relatively low cost of living and make a Silicon Valley salary/bonus. A Bentonville McMansion will get you a studio apartment (if that) in SFO.

Good luck with that. Look on the bright side, you can always work at that other wellspring of jobs in Bentonville....Tyson Foods.

^^^ This.

I could go buy a home, hell a ranch, for half of what I paid for my 3-bedroom home. But then, I wouldn't have one of the best elementary schools in the entire South Florida region within walking distance, in one of the best suburbs in the nation, with reliable internet, and have a somewhat readily and reliable supply of high paying tech jobs within 45 minutes of commute.

If/when shit hits the fan, I can (more or less) reliably find another job at a comparable salary. In other, much cheaper areas, that's just not effing possible.

By the same token, I wouldn't be able to buy a 2-bedroom apartment (not house, not even condo, but apartment) with what I paid for my house if I lived in Silicon Valley. But I would have a much greater supply of job opportunities at my disposal.

I think SV is an aberration as far as COL goes, even with all the tech jobs out there. But for all other large cities, here and abroad, a higher COL goes hand in hand with a greater pool of jobs.

There is a point where moving to a much cheaper area is tantamount to job seppuku as far as I'm concerned. This is specially true in software/IT where you *must* plan to change jobs (or be forced to change jobs) every 4-6 years.

Wrong recipients

[Scutter]

Maybe she could give her bonus to the people whose accounts got hacked through Yahoo's gross incompetence.

Re:$162 million in 5 years ?

[whoever57]

The offers are not comparable. The $50B offer included the Alibaba shares. The current deal doesn't.

I got a bonus every single quarter at Wally-World

[Duckman5]

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.

Explain something to me...

[Gravis Zero]

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?

Re:brb, moving

[Mashiki]

Where is this place?

It's called "southwestern ontario" but watch out for the high electricity prices, insane green energy policies which are driving people broke and getting repeatedly fucked over by Toronto(because that's who the provincial government panders to). Or, you can move to eastern canada and work in the fisheries. Harder work, very seasonal, good pay, cheap lobster(aka poor people food as it's known there). But most of the people I know especially newfies work half the year in manitoba or alberta and go home for the seasonal stuff.

Re:I got a bonus every single quarter at Wally-Wor

[Duckman5]

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.