Mayer Gives Up Bonus Due To Hacks

 

You might recall Yahoo revealed that they were hacked in December which was the latest in a string of attacks. That has a cost and today it was revealed that Yahoo CEO Marissa Mayer is giving yahoo employees her annual bonus to make up for the massive hacks:

As those who follow Yahoo know, in late 2014, we were the victim of a state-sponsored attack and reported it to law enforcement as well as to the 26 users that we understood were impacted. When I learned in September 2016 that a large number of our user database files had been stolen, I worked with the team to disclose the incident to users, regulators, and government agencies. However, I am the CEO of the company and since this incident happened during my tenure, I have agreed to forgo my annual bonus and my annual equity grant this year and have expressed my desire that my bonus be redistributed to our company’s hardworking employees, who contributed so much to Yahoo’s success in 2016.

Great optics. But it’s really meaningless as she’s failed so spectacularly in her role as CEO. I seriously doubt that this was her idea. Hopefully whomever is going to be responsible for this mess at Verizon does a better job than her.

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