Yahoo CEO Marissa Mayer is giving up her valuable annual bonus and equity grant this year as a result of a major security breach at the company, she announced in a Tumblr post Wednesday.
Mayer’s decision to forgo the extra compensation was also disclosed in a document Yahoo filed with the United States Security and Exchange Commission the same day.
While it’s not exactly strange for a CEO to forgo a gigantic bonus after their company has a terrible year, what is weird is the way that Mayer described Yahoo’s major security breach in her statement. …
Via: Mashable: Business