GTB 737 banner Yudala banner

Yahoo punishes CEO, top lawyer for data breaches

By News Express on 02/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 466

•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


 

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!

 

You may also like...
2017-2019 economic recovery plan ready by December, says...

Lagos court remands tax official in prison for...

Presidency berates PDP for awarding Buhari poor marks...

Local meter manufacturers want government intervention fund

Obasanjo scores EFCC low, says it’s becoming a...

Wike evading court summon, APC alleges

Calabar residents express concern about condition of roads...

Ex-Kaduna lawmaker kidnapped, released

Breaking News: FIFA President Sepp Blatter bows to...

El-Rufai in Anambra to rig governorship election —Peter...

6,000 APC members defect to PDP in Sokoto...

Arrest of judges calls for concern —Obaze

 

Latest News Varsity dismisses 9 students, 3 staff over exam malpractice Undergraduate ritual killer escapes from police custody 6 features to look out for in a new laptop Biafra: Fiery preacher Ebube Muonso strikes deal with Kanu, IPOB World Bank team ranks Edo high on transparency, job creation Buhari’s administration has set a solid foundation for Nigeria’s economic recovery, says Osinbajo Jehovah’s Witnesses’ 2017 Convention kicks off Ambode woos lawyers, seeks support for devolution of power to states, fiscal federalism Anambra 2017: You can’t buy our committee, Wike, Fayose warn PDP aspirants Okowa to FG: Deploy more police officers to states NiMet forecasts rains today over Calabar, Port Harcourt, Yenagoa, Shaki, Abeokuta, Ado Ekiti, Akure, Ibadan, Oshogbo, Owerri, Ogoja, Ikom, Awka, Warri, Uyo Obiano mobilises against IPOB

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (272,361 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (254,260 views) Shameless Genevieve Nnaji exposes breasts in public (206,603 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (174,506 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (173,251 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (154,792 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (134,016 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (125,154 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (118,064 views) Lagos plane crash: Journalist releases victims’ names (109,455 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (108,767 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (101,316 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,663) Business Verdict (19) Columnists (728) Complaints & Requests (92) Enterprise & Opportunities (173) Entertainment (352) Features (476) Global Business Monitor (170) International (1,498) Interviews (128) Live Commentary (28) Love Matters (67) News (27,644) Opinion (782) Pidgin (8) Politics (3,862) Religion (598) Sports (1,308) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

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!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

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!