Yahoo! chief counsel exits after hack probe finds inaction

Investigating committee said key executives should have done more when issues were discovered

Yahoo! Inc General Counsel Ronald Bell has left the company after an investigation of security breaches found the legal team had enough information to warrant further inquiry but didn’t sufficiently pursue it, according to a key report ahead of the planned tie-up with Verizon Communications Inc.

Bell resigned Wednesday and no payments are being made in connection with the move after an independent committee of the web portal’s board wrapped up a probe of a security hack in 2014 and subsequent related incidents, Yahoo said in a regulatory filing. Chief Executive Officer Marissa Mayer also didn’t receive a cash bonus last