Yahoo CEO Marissa Mayer announced today on her personal Tumblr page that she would be gifting her annual bonus and equity stock grant to Yahoo employees.
“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.”
In late September, Yahoo got into trouble for finally copping to an email hack which took place in 2014 which put over 500 million users at risk. Then, the company revealed on Dec. 14 that their may have been an additional hack that took place in 2013 that affected over a billion users. So, it’s safe to say their current CEO should do whatever it takes to make their employees happy and put the company in better spotlight.
[Via The Verge]