Home / Business / record-bee said : Yahoo CEO Marissa Mayer stripped of bonus

record-bee said : Yahoo CEO Marissa Mayer stripped of bonus

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Although Mayer said she “agreed to forgo” her annual bonus, the company said its board stripped Mayer of her 2016 annual cash bonus, but that she had volunteered to give up her 2017 annual equity grant.
Yahoo CEO Marissa Mayer will lose her 2016 annual bonus and her 2017 equity grant after an investigation revealed senior company executives knew the firm had suffered a major hack in 2014 but failed to properly investigate it.
“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.”Mayer has an annual “target bonus” of $2 million, double her annual salary.
Her annual equity grant is determined by the board, but it’s no less than $12 million a year in restricted stock and stock options.
Also in the fallout from the investigation, Yahoo’s head lawyer and secretary, Ronald Bell, resigned Wednesday.

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Yahoo CEO Marissa Mayer stripped of bonus after probe reveals high-level knowledge of huge hack

Yahoo CEO Marissa Mayer stripped of bonus after probe reveals high-level knowledge of huge hack*/

Although Mayer said she “agreed to forgo” her annual bonus, the company said its board stripped Mayer of her 2016 annual cash bonus, and that she volunteered to give up her 2017 annual equity grant.
Mayer has an annual “target bonus” of $2 million, double her annual salary.
Mayer will lose her 2016 annual bonus and her 2017 equity grant after an independent investigation revealed that senior company executives knew the firm had suffered a major hack in 2014 but failed to properly investigate it.
Tim Bajarin, president of Creative Strategies, said that the financial hit to Mayer makes sense given that the hack happened under her leadership.
The buck stops with the CEO, Bajarin said, and executives have to take responsibility for whatever happens during their tenure.

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niente bonus per il CEO Marissa Mayer*/

In merito alla vicenda, Marissa Mayer si è espressa tramite i social network dicendo di “aver espresso il desiderio che il bonus sia ridistribuito agli impiegati di Yahoo”.
A seguito del maxi-attacco hacker ai server di Yahoo del 2014, che nell’occasione aveva visto coinvolti 500 milioni di utenti, la società ha deciso di revocare il bonus del 2016 per l’amministratore delegato Marissa Mayer.
Scorrendo il rapporto, ci si rende conto di un altro attacco informatico che ha origine dal lontano 2013, il quale ha interessato direttamente oltre un miliardo di utenti.
Le condizioni di contratto, per il CEO in carica, prevedono al momento un salario base di 1 milione l’anno, cui si aggiungono un bonus annuale di 2 milioni e un premio azionario di 12 milioni di dollari.
A pagare per la faccenda non è stata solo Marissa Mayer, ma si è coinvolto anche il responsabile legale Ronald S. Bell, appena dimessosi, ed il responsabile della sicurezza Alex Stamos, che ha abbandonato la compagnia già nel 2015.

collected by :John Locas

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