Yahoo GC Steps Down, CEO Loses Bonus After Data Breaches

Law360, New York (March 2, 2017, 9:49 PM EST) -- Yahoo's general counsel has resigned and its CEO Marissa Mayer will not be paid her annual bonus for 2016 in the wake of an internal probe that concluded that certain senior executives failed to adequately respond to a trio of data breaches believed to have affected at least 1.5 billion users, the company revealed Wednesday. 

The company's disclosure came as part of its annual report filed with the U.S. Securities and Exchange Commission, which covered a range of topics, including legal and regulatory fallout from three separate data security breaches announced during the past year and the impact of these incidents...

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