Yahoo Counsel Leaves After Hack Investigation Finds Lack of Action
- Probe finds there was no intent to suppress information
- Investigation wraps up ahead of planned tie-up with Verizon
Yahoo! Inc. General Counsel Ronald Bell has left the company after an investigation of security breaches found the legal team had enough information to warrant further inquiry but didn’t sufficiently pursue it, according to a key report ahead of the planned tie-up with Verizon Communications Inc.
Bell resigned Wednesday and no payments are being made in connection with the move after an independent committee of the web portal’s board wrapped up a probe of a security hack in 2014 and subsequent related incidents, Yahoo said in a regulatory filing. Chief Executive Officer Marissa Mayer also didn’t receive a cash bonus last year amid the investigations and the pending sale of the company’s web operations to Verizon. The committee found no intent to suppress information about the security breaches, but said key executives should have done more when the issues was discovered.