Celebrating 10 years! 2007-2017

Yahoo cucks its general counsel

One of the things I like to post about is how, despite what wolfman03/06/17
I think Yahoo GC office is in charge of information security mrlollipop03/07/17
For internal corporate email, that makes sense. But cyberse dingbat03/07/17
Board and the CEO did nothing wrong and even sacrificed some triplesix03/07/17
Why would legal be in charge of IT security? I can see it fo isthisit03/07/17
for non-IT companies, it makes sense. Compliance generally dingbat03/07/17
And you guys laughed when law schools said a J.D. isn't vers qport03/07/17
Think about it from the board's perspective. Your company is onehell03/08/17
wolfman (Mar 6, 2017 - 6:18 pm)

One of the things I like to post about is how, despite what the screaming sociopaths (I'm sorry, law schools deans and tenured faculty) told you (in order to get your student loan money, so they don't have to sell used cars or scam old ladies for a living) lawyers, even top corporate lawyers, are "prestigious" sage advisers in the same way "sanitation engineers" are respected professionals (and, quite a few non-biglaw lawyers would kill for the pay and benefits of an NYC garbage man, but that's another topic).

Sure, big firm lawyers get paid a lot for a lot of hours, but in the larger corporate world, the lawyer is often the equivalent of a jailhouse punk, whose job is to take punishment and prance around for everyone's entertainment.

Case in point? Yahoo's GC who just got fired for the hacking scandal (with no $ changing hands, so no golden parachute for you). The unusual thing is that this is actually being talked about and seen for the snow job that it is... but that's likely just because Marissa Mayer is so God-awful, people are seeing though the typical corporate BS in this case:

http://www.recode.net/2017/3/1/14783686/yahoos-lawyer-ousted-hacking-marissa-mayer-pay-docked

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mrlollipop (Mar 7, 2017 - 9:28 am)

I think Yahoo GC office is in charge of information security too

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dingbat (Mar 7, 2017 - 1:39 pm)

For internal corporate email, that makes sense. But cybersecurity for clients at a customer-centric web-services firm, that should fall under the domain of the CIO, if not a dedicated cybersecurity officer.

If it truly did fall under the GC's domain, then that's mismanagement by the board

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triplesix (Mar 7, 2017 - 2:19 pm)

Board and the CEO did nothing wrong and even sacrificed some money for the team!!!!!

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isthisit (Mar 7, 2017 - 1:51 pm)

Why would legal be in charge of IT security? I can see it for internal documents, emails, etc. but not cyber security.

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dingbat (Mar 7, 2017 - 1:57 pm)

for non-IT companies, it makes sense. Compliance generally falls under GC, and so would cybersecurity. but not for a tech company. Hence, management malfeasance

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qport (Mar 7, 2017 - 4:13 pm)

And you guys laughed when law schools said a J.D. isn't versatile. One day you're drafting discovery, the next you're battling foreign spies in cyberspace! What other degree could get you into a job where you will eventually be held (publicly) responsible for such wildly disparate things?

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onehell (Mar 8, 2017 - 4:47 pm)

Think about it from the board's perspective. Your company is a 90s relic with a celebrity CEO who gives the company the only "cool factor" it still has in an industry where coolness is everything. You can't fire her, but someone's head has got to roll.

Who better to go under the bus than the GC? Ordinarily you'd give an ousted exec a golden parachute in exchange for keeping his mouth shut but with a lawyer, opening his mouth against his former client could be an ethics issue. He's defenseless.

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