4 ms·
$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
by alrs 10y ago
$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.
- tantalor 10y agoDid you forget about 2001 already?
- dredmorbius 10y agoThat wasn't technical incompetence, per se, but an unsustainable financial bubble.
- jbigelow76 10y agoUnless 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.
- Arnt 10y agoPecunia non olet. 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.
- gozur88 10y agoYep, 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.
- empath75 10y agowhat the hell does amy pascal have to do with this? She was a movie producer? Is it just because she's also a woman?
- Phlarp 10y agoThe 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.
- adventured 10y agoI'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.
- FussyZeus 10y agoOh 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.
- gozur88 10y agoYahoo was already in a nosedive. The most you can say about Mayer is she didn't find a way to pull the company out of it.
- FussyZeus 10y agoDidn'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.