$1B would have been better, but this is a dream come true for the people who take infrastructure and security seriously.
We've got Amy Pascal's head on a spike, now we have the same for the Yahoo deal.
Please, may this be the year that Wall Street is finally bitten in a serious way by a tech company flaming out due to the technical incompetence of its leadership.
Unless executive golden parachutes get trimmed does it really make a difference? The execs that doused the company in gasoline, struck the match and then walked away won't be around to try and operate on $3.75B instead of the original $4 billion after the acquisition is complete.
This is just Verizon exploiting some leverage to get a better price, it's not actual punishment of incompetent leadership.
If buyers were to talk the price down due to security sloppiness routinely, then it doesn't really matter why they do it: Shareholders looking for an eventual exit would have to factor their company's security practice into the their sale prospects whatever the reason.
Yep, this is what I expect. The pressure will be on prospective buyers to insist in a rigorous security audit and preparation for that audit will get worked into standard business plans.
I work for a huge telecom, and we take sucurity pretty seriously. Sometimes it seems like we've been doing nothing but security upgrades in the last seven or eight years.
Oh please, the executives are walking away with millions. As usual the only people actually losing are the trench workers, I especially feel for any Visa workers right now (regardless of your feelings about that sort of thing, they're just people trying to earn a living, and with the current political climate getting canned might well mean getting deported.)
By all accounts the leadership put Yahoo into a nosedive and will be paid millions if not billions for their services and the little guy gets screwed.
Didn't mention Meyer, I think she tried some good things, I also don't think she tried hard enough on a few other things. But I digress, it's all armchair analysis at this point.
I'm referring to the leadership as a whole, before and including Meyer.
The Sony hack had a significant negative impact on her career. The parent post asserts that this "is a dream come true for the people who take infrastructure and security seriously." because people in powerful positions won't care / listen to their security teams unless they fear the consequences of ignoring them.
I'm not sure if you could get any more hysterical about something so mundane.
Let's see here:
"She served as the Chairperson of the Motion Pictures Group of Sony Pictures Entertainment (SPE) and Co-Chairperson of SPE, including Sony Pictures Television, from 2006 until 2015"
A movie producer eh. Hardly her most important role at Sony.
We've got Amy Pascal's head on a spike, now we have the same for the Yahoo deal.
Please, may this be the year that Wall Street is finally bitten in a serious way by a tech company flaming out due to the technical incompetence of its leadership.