Yahoo punishes boss in latest fallout from security breakdown
8 years ago

Yahoo punishes boss in latest fallout from security breakdown

China Daily  

Marissa Mayer, CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, US, Nov 3, 2015. Mayer won't be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded her management team reacted too slowly to one breach discovered in 2014. 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 on Wednesday. In a blog post on Yahoo's Tumblr service, Mayer said she didn't learn about the scope of the breaches until September and then tried to set things right. Losing her bonus and annual stock award probably won't be too painful for Mayer, who is already rich after working for more than a decade as a top executive at Google and then as Yahoo's CEO for the past four-and-a-half years.

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History of this topic

Yahoo! agrees to pay $35 million fine for 2014 data breach
6 years, 11 months ago

Yahoo! agrees to pay $35 million fine for 2014 data breach

India TV News  

agrees to pay $35 million fine for 2014 data breach Personal data was stolen from hundreds of millions of Yahoo users in the December 2014 breach attributed to Russian hackers. has agreed to pay $35 million as fine to resolve federal regulators' charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches that …

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation
7 years, 9 months ago

Verizon completes Yahoo acquisition and announces CEO Marissa Mayer's resignation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Verizon Communications said on Tuesday …

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits
7 years, 9 months ago

Yahoo logs off as Verizon completes $4.5 bn takeover, CEO Marissa Mayer quits

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that marks the end of the Yahoo’s 21-year-old history as a publicly traded company and the five-year reign of Yahoo CEO Marissa Mayer. CEO Mayer will not be joining Verizon and will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and …

Verizon takes over Yahoo to complete $4.5 billion deal
7 years, 9 months ago

Verizon takes over Yahoo to complete $4.5 billion deal

Associated Press  

SAN FRANCISCO — Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Yahoo’s email and other digital services such as sports, finance and news will be run by Tim Armstrong, who has been running AOL since Verizon …

Verizon takes over Yahoo to complete Rs 29,000 cr deal
7 years, 9 months ago

Verizon takes over Yahoo to complete Rs 29,000 cr deal

India TV News  

Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet's best-known brands. She will walk away from Yahoo with a compensation package currently worth about $127 million, including her severance pay and stock awards that will be fully vested with …

Yahoo CEO Marissa Mayer loses annual bonus over cyber breach
8 years ago

Yahoo CEO Marissa Mayer loses annual bonus over cyber breach

India TV News  

Yahoo CEO Marissa Mayer loses annual bonus over cyber breach Mayer won't be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded her management team reacted too slowly to one breach discovered in 2014. Yahoo is punishing CEO Marissa Mayer and parting ways with its top lawyer for the mishandling of two security …

Yahoo to change name of major part of its business
8 years, 2 months ago

Yahoo to change name of major part of its business

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Yahoo's chief executive Marissa Mayer …

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal
8 years, 2 months ago

Yahoo to be named Altaba, CEO Marissa Mayer to quit board after Verizon deal

Live Mint  

Bengaluru: Yahoo Inc said on Monday that it would rename itself Altaba Inc and chief executive officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The …

What's next for Yahoo and Verizon?
8 years, 2 months ago

What's next for Yahoo and Verizon?

Salon  

By the end of March, Yahoo is supposed to enter a new phase of its 23-year existence through its acquisition by wireless carrier Verizon. “However I suspect they are keen to persist with the original strategy despite much criticism from shareholders.” If Verizon were to pull out of the deal, it’s unclear who else would want Yahoo. Verizon executives reportedly …

Yahoo says 1 billion user accounts compromised in newly discovered security breach
8 years, 3 months ago

Yahoo says 1 billion user accounts compromised in newly discovered security breach

Firstpost  

Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. News of that attack, which affected at least 500 million accounts, prompted Verizon Communication Inc to say in October that it might withdraw from an …

Yahoo’s traffic rises despite hacking
8 years, 5 months ago

Yahoo’s traffic rises despite hacking

Live Mint  

San Fracisco: If Verizon Communications really wants to renegotiate its $4.8 billion deal to buy Yahoo’s internet operations, it’s probably going to have a fight on its hands. That appears to contradict Verizon’s assertion last week that the damage to Yahoo’s business from the breach could’ve been severe enough to set off a provision in the sale agreement that would …

Verizon is said to see Yahoo breach affecting acquisition
8 years, 5 months ago

Verizon is said to see Yahoo breach affecting acquisition

Live Mint  

New York: Verizon Communications Inc.’s top attorney said it would be reasonable to assume that the hack into Yahoo! Verizon hasn’t definitively concluded that there was a material impact and is still waiting for Yahoo to complete its investigation into the situation, said the person, who asked not to be identified discussing private information. Reuters reported earlier Thursday that Verizon …

Yahoo hack may cost the company the Verizon deal
8 years, 5 months ago

Yahoo hack may cost the company the Verizon deal

Firstpost  

Meanwhile, experts also said that bidders who try to extract themselves from mergers using the material adverse clause face an uphill battle. According to the Washington Post, Verizon General Counsel Craig Silliman said, “I think we have a reasonable basis to believe right now that impact is material. Roger Entner, an analyst at Recon Analytics, said “Verizon is rightfully upset …

Yahoo’s data breach may impact its $4.83-billion deal to sell to Verizon
8 years, 5 months ago

Yahoo’s data breach may impact its $4.83-billion deal to sell to Verizon

LA Times  

Verizon’s deal to buy Yahoo for $4.83 billion could be on shaky ground after the Internet company disclosed last month a 2014 data breach that affected at least 500 million Yahoo accounts. “Based on what we know so far, we have reason to believe that Yahoo’s data breach has had a material impact,” Silliman said. The New York telecommunications company …

Marissa Mayer can gain $44 million if she leaves after Verizon takeover
8 years, 6 months ago

Marissa Mayer can gain $44 million if she leaves after Verizon takeover

Firstpost  

Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company. Mayer hasn’t announced plans to leave, but industry observers say she’s unlikely to stay after the $4.8 billion sale closes early next year. In a filing last spring, Yahoo said Mayer could walk away with …

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale
8 years, 6 months ago

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale

India TV News  

Yahoo CEO Marissa Mayer could reap Rs 294 crore if she quit after sale Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company. Mayer hasn't announced plans to leave, but industry observers say Yahoo CEO Marissa Mayer stands to collect a $44 million severance …

Yahoo CEO Mayer could get $55M in severance pay in potential sale
8 years, 10 months ago

Yahoo CEO Mayer could get $55M in severance pay in potential sale

India TV News  

San Francisco:Yahoo CEO Marissa Mayer will walk away with a $55 million severance package if the company’s auction of its Internet operations culminates in a sale that ousts her from her job. “I don’t think this management team has done anything to merit a huge payout,” said Eric Jackson, managing director of SpringOwl Asset Management, a Yahoo shareholder critical of …

Yahoo to cut 1,700 workers as CEO tries to save her own job
9 years, 1 month ago

Yahoo to cut 1,700 workers as CEO tries to save her own job

China Daily  

Marissa Mayer, Yahoo CEO Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. In an apparent concession to frustrated shareholders, Mayer also said Yahoo's board will mull "strategic alternatives" that could result in the sale of all the company's Internet …

Yahoo to cut 1,700 workers; CEO likely to get sacked
9 years, 1 month ago

Yahoo to cut 1,700 workers; CEO likely to get sacked

India TV News  

San Francisco: Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up that's likely to determine whether CEO Marissa Mayer can save her own job. In an apparent concession to frustrated shareholders, Mayer also said Yahoo's board will mull 'strategic alternatives' that could result in the sale of all the company's Internet operations. …

Yahoo Will Lay Off 15 Percent of Its Workforce
9 years, 1 month ago

Yahoo Will Lay Off 15 Percent of Its Workforce

Wired  

Last year was a rough one for Yahoo. Yahoo CEO Marissa Mayer today announced a slew of changes at the company in order to prove to investors that it still has a real future as a tech giant. "Today, we're announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo's transformation," Mayer said in a statement. …

Yahoo to cut 15% jobs, close several units: report
9 years, 1 month ago

Yahoo to cut 15% jobs, close several units: report

Live Mint  

Bengaluru/San Francisco/New York: Yahoo Inc chief executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15% of the company’s workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. It is unclear whether the plan Mayer is expected to announce would satisfy their demands, but cutting costs could make Yahoo …

Fired Yahoo executive gets $58 million for 15 months of work
10 years, 11 months ago

Fired Yahoo executive gets $58 million for 15 months of work

India TV News  

Fired Yahoo executive gets $58 million for 15 months of work San Francisco: Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.The disclosure in a The company's board said most of the severance stemmed from the costs of luring …

Fired Yahoo executive gets $58 million for 15 months of work
10 years, 11 months ago

Fired Yahoo executive gets $58 million for 15 months of work

India TV News  

Fired Yahoo executive gets $58 million for 15 months of work San Francisco: Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.The disclosure in a San Francisco: Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet …

Yahoo boss Marissa Mayer fires number two Henrique de Castro
11 years, 2 months ago

Yahoo boss Marissa Mayer fires number two Henrique de Castro

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Yahoo boss Marissa Mayer has fired her second-in-command Henrique de Castro, just 15 …

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