Yahoo is punishing CEO Marissa Mayer and jettisoning its top lawyer for the mishandling of two security breaches that exposed the personal information of more than 1 billion users and cost the company $US350 million ($A456 million).
Mayer won't be paid her annual bonus nor receive a potentially lucrative stock award because a Yahoo investigation concluded her management team reacted too slowly to one breach discovered in 2014.
Yahoo's general counsel, Ronald Bell, resigned without severance pay for his department's lackadaisical response to the security lapses.
The penalties disclosed in Yahoo's annual report represent the latest toll exacted by the biggest security breaches in internet history.
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