Yahoo CEO takes a pay hit, top lawyer takes the fall over 2013 hacking
Though Marissa Mayer is forgoing her 2016 bonus and 2017 bonus and equity grants, many are criticizing the company’s decision to fault its general counsel for the security breach.
The hits keep on coming for Yahoo—though this time, its chief executive has sidestepped the chopping block.
On Wednesday, the company revealed the results of its independent investigation into what was the largest security breach in history—and that its general counsel was taking the fall for it.
News broke in September 2016 that more than 500 million user accounts were compromised. In December 2016, the company increased its estimate, revealing that more than 1 billion accounts had been affected.
What’s striking is that the hack took place in 2013.
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