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Marissa Mayer loses cash bonus over security breaches

NEW YORK (CNNMoney) -- The hammer has finally fallen at Yahoo over the two massive security breaches disclosed last year.

Yahoo's board decided not to award CEO Marissa Mayer a cash bonus "that was otherwise expected to be paid to her" due to the security incidents, according to a company filing on Wednesday.

On top of that, Mayer chose to give up her annual equity grant for 2017. No dollar amount was provided, but the minimum value for the equity she forfeited would be $12 million

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