Re: I don't see the problem
No, seriously. He's just being an extremely efficient manager - delegating work out, freeing up his time, providing excellent results.
In that respect, he's better than a good number of managers.
I applaud this effort.
You're assuming that:
1) he adequately security-vetted the outfit to whom he outsourced the work to ensure that they weren't a risk, and had suitable measures in place should a security issue arise.
2) he ensured that the code produced by the outsourced team was entirely their work and that they had the legal right to sell it to him under work-for-hire no-rights-reserved terms.
3) he ensured that the outsourced team did not make use of any data or infrastructure access provided by him to get up to Naughty Business
4) he performed quality-assurance on the code provided to ensure it was up to scratch and would not cause any problems within the explected deployment environment.
In the absence of proof that he did all this, and especially in the context of "freeing up his time to dick around on the internet", I thoroughly reject your assertion that this is laudable. I mean, yeah, in a pragmatic sense he allegedly got away with it for a while (assuming this isn't a bollocks PR narrative selling us the idea of Verizon's contribution to improved network security), but...well, screw this notion. If he'd done this to get otherwise-unmanageable amounts of work done in the face of a management structure that refused to properly locally resource their teams it'd be one thing. The character depicted in this story exhibits lazy parasitic bellendery and the fact that it's being applauded by a bunch of short-sighted twits is, sadly, about what I'd expect from at least some commentards.