Newsexpress place banner advert Yudala genuine products
Yahoo punishes CEO, top lawyer for data breaches

By News Express on 02/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 401

•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 10:36:51 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
UK-based counter-terrorism expert predicts end to Boko Haram...

Kidnapped council chairman Bamigbetan back on Facebook 3...

No recruitment into Nigeria Immigration Service -- Comptroller...

Buhari assures Boko Haram victims of support

Centre for Financial Journalism unveils faculty

Navy vows to check illegal oil bunkering

Pictured for the first time: Ebola victim who...

FG inaugurates committee on national carrier

Herdsmen attack: Anambra Police warns against false alarm...

Police intercepts weapons allegedly belonging to Shiites

Boko Haram planning another mass abduction of students...

Buhari orders review of economic policies before 2016...

 

Latest News South African church bars blacks Drug abuse rate among girls worrisome — NDLEA Lambo, Jemibewon, others declare support for Dino Melaye Sacked whistleblower regains job at Foreign Affairs Ministry NIIT to subsidise scholarship fees Anambra Guber: Bishops pray for Chidoka, urge spirit of sportsmanship among politicians Farmers to get agronomy training for yam export Land tussle: Iwaya Community Lagos floors Anglican Church at Supreme Court Book on Brigadier Maimalari killed in 1966 coup for public presentation Grazing Reserve: Yobe provides 2,500 hectares of land 38 Nigerian Universities increase tuition fees IBB calls for restructuring of Nigeria

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (259,417 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (238,765 views) Shameless Genevieve Nnaji exposes breasts in public (195,831 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (169,938 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (165,240 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (146,798 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (127,287 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (121,492 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (112,202 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (105,385 views) Lagos plane crash: Journalist releases victims’ names (105,340 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (98,120 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,601) Business Verdict (17) Columnists (702) Complaints & Requests (92) Enterprise & Opportunities (159) Entertainment (335) Features (461) Global Business Monitor (154) International (1,427) Interviews (124) Live Commentary (28) Love Matters (59) News (25,818) Opinion (736) Pidgin (8) Politics (3,745) Religion (567) Sports (1,281) Stock Watch (18) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Thousands of Biafrans gather at Nnamdi Kanu’s father’s palace for address...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!