CEO Marissa Mayer will not be paid her annual bonus, and will not receive a stock award after a Yahoo Inc. investigation found that two security breaches at the company were mishandled by senior executives.

The disclosure last year by Yahoo of two massive user data breaches that occurred in 2013 and 2014 led Verizon to lop $350 million from the purchase price for Yahoo’s internet businesses, lowering the value of the deal to about $4.48 billion in cash. The deal is expected to close in the second quarter of 2017.

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

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