Yahoo CEO Marissa Mayer to be denied her bonus over security breaches

Yahoo is punishing CEO Marissa Mayer and jettisoning its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and already have cost the company $350 million.

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.

2:27 Cyber security expert comments on massive hack at Yahoo

• Cyber security expert comments on massive hack at Yahoo
• Yahoo data breach of 1 billion users largest in history
• Data breach affecting over 1 billion Yahoo users
• Hacker steals data on 500 million Yahoo accounts
• BIV: Lowes buys Rona, Yahoo cuts 15% of workforce

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Yahoo’s general counsel, Ronald Bell, resigned without severance pay for his department’s lackadaisical response to the security lapses.

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The penalties disclosed Wednesday in Yahoo’s annual report represent the latest toll exacted by the biggest security breaches in internet history.

READ MORE: Yahoo warns users of more malicious activity linked to security breach

Yahoo already lowered the sales price of its digital services to Verizon Communications by $350 million in the fallout.