NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Yahoo punishes CEO, top lawyer for data breaches

By News Express on 02/03/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 902

•Yahoo CEO Marissa Mayer.
•Yahoo CEO Marissa Mayer.

 

Yahoo will not pay CEO Marissa Mayer her scheduled 2016 bonus, worth as much as $2 million, because of the massive breach her company suffered in 2014.

And Yahoo’s general counsel, Ronald Bell, resigned without severance pay for his department’s lackadaisical response to the security lapses.

Although Yahoo’s security team uncovered evidence that a hacker backed by an unnamed foreign government had pried into user accounts in 2014, executives “failed to act sufficiently” on that knowledge, according to the results of an internal investigation disclosed Wednesday. At that time, Yahoo only notified 26 people that their accounts had been breached.

That breach affected at least 500 million users whose email addresses, birth dates, answers to security questions, and other personal information may have been stolen. Three months later, Yahoo revealed it had uncovered a separate hack in 2013 affecting about 1 billion accounts, including some that were also hit in 2014.

Mayer, a former Google executive, said she would voluntarily turn down her annual bonus and equity grants for 2017 as a result of the incidents. Under the terms of Mayer’s 2012 hiring contract, she is entitled to a performance-based equity award of no less than $12 million every year. Mayer said she wants the board to distribute her annual bonus to Yahoo’s entire workforce of 8,500 employees. The board did not say if it would do so.

Yahoo’s unprecedented data thefts had threatened to derail the sale of its Internet business to Verizon. Instead, Verizon cut $350 million from the purchase price, lowering the value of the deal to about $4.48 billion in cash. The deal is expected to close in the second quarter of 2017. (VOA)

 

Source News Express

Posted 02/03/2017 5:36:51 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Jonathan leading Nigeria towards doom —APC •Condemns media...

Threat to Igbos dangerous to the unity of...

Lagos lawmaker takes ill after birthday party, dies...

Osun Bye-Election: Senate urges INEC to ensure fairness,...

OELA drops new single ‘Suffering No More’ to...

Shock, grief greet death of journalists in ghastly...

Edo 2016: Primary Appeal Committee upholds Obaseki as...

Kano Grand Khadi warns court officials against corrupt...

Today’s Weather Outlook: Expect sunny conditions in the...

Breaking news: Mother spots abducted daughter in Boko...

Niger Delta oil firm to raise additional $400...

Jonathan’s wife opens up on police raid of...

 

Latest News Taraba First Lady commends Fidelity bank for donating special learning aids to children with disabilities Atletico Madrid name squad for Super Eagles friendly NiMet forecasts another cloudy day Cornucopia: Jubilation as Odogwu converts to Islam, By Odogwu Emeka Odogwu Teach justice, act justly, By Asoro Abubakri Olatunji Igbo summit: Police arrest 2 suspected armed IPOB members Police capture most wanted Offa armed robbers I am not responsible for Linda Ikeji’s pregnancy — Don Jazzy 37,062 candidates shortlisted for police recruitment examination Osun Guber: 27 aspirants to contest APC primary FG launches N64m website Amnesty International backs Islamic Movement to seek justice for Zakzaky, detained members

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,176 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,830 views) Shameless Genevieve Nnaji exposes breasts in public (273,280 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,672 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,148 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,690 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,868 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,177 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,152 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,351 views) Lagos plane crash: Journalist releases victims’ names (139,976 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,361 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,143) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (595) Global Business Monitor (273) International (1,968) Interview (149) Live Commentary (28) Love Matters (120) News (35,476) Opinion (956) Pidgin (10) Politics (5,034) Religion (743) Sports (1,513) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement