Incompetence

Did you want to read a positive, uplifting story about an old Internet company? Keep moving:

Yahoo can’t help being Yahoo, the technology industry’s most hapless company. And now the market is betting the company's incompetence might cost shareholders $1 billion or more.
Yahoo Inc.’s latest embarrassing stumble was a disclosure on Wednesday that cyberthieves in 2013 siphoned informationfrom more than 1 billion Yahoo accounts, including users' email addresses, scrambled account passwords and dates of birth. Criminals could use the information to go after more sensitive personal data elsewhere online. Yahoo previously disclosed a likely separate cyberattack that involved at least 500 million accounts.

Don't worry--only a handful of Yahoo! executives are going to walk away with millions. It's not like everyone is going to share the pain equally and it's not as if the people running things are going to do something foolish and dramatic like give back all the bonuses they were promised.

Poor performance does not lead to shame and doing the right thing. It leads to more money and promotions! Yay!

 

https://www.bloomberg.com/gadfly/articles/2016-12-15/yahoo-s-cyberfail-could-cut-1-billion-from-verizon-deal