Yahoo disclosed last year that it suffered two security breaches dating back to 20, affecting more than one billion users.The breaches threatened to upend previously announced deal to buy Yahoo's core Internet assets for .8 billion."[I] have expressed my desire that my bonus be redistributed to our company's hardworking employees." Yahoo also announced that its general counsel, Ron Bell, resigned from the company on Wednesday following an independent investigation into the breaches."While significant additional security measures were implemented in response to those incidents, it appears certain senior executives did not properly comprehend or investigate [the breach]," the company said in its filing.It is unclear, however, if Mayer will remain in some capacity.Eric Brandt, a new member of Yahoo's 11-member board, was named chairman immediately.
CEO Marissa Mayer announced she would resign from the company's board following the sale and the company could even get a new name.
SAN FRANCISCO — Yahoo CEO Marissa Mayer, co-founder David Filo and others plan to resign from the company's board when it completes its .8 billion sale to Verizon.