How Stanford Came to Dominate the Landscape in Silicon Valley
Every Yahoo Account That Existed in Mid-2013 Was Likely Hacked
Is There a Place for Idealism in Silicon Valley? A Yahoo Tale
Yahoo! May Be Done, But Its Culture Lives On
Verizon Closes the Yahoo Deal; Yahoo CEO Marissa Mayer Resigns
U.S. Indicts 2 Russian Security Officials Over Yahoo Hack
Yahoo CEO Marissa Mayer Loses Bonus, Stock Award Over Security Breach
Yahoo Warns More Users Their Private Info May Have Been Stolen
Yahoo Will Become 'Altaba' If Verizon Buys Its Internet Business
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Over the years, she's talked with Kamau Bell, David Byrne, Kamala Harris, Tony Kushner, Armistead Maupin, Van Dyke Parks, Arnold Schwarzenegger and Tommie Smith, among others.\r\n\r\nBefore all this, she hosted \u003cem>The California Report\u003c/em> for 7+ years, reporting on topics like \u003ca href=\"https://soundcloud.com/rmyrow/on-a-mission-to-reform-assisted-living\">assisted living facilities\u003c/a>, the \u003ca href=\"https://www.npr.org/sections/alltechconsidered/2014/12/01/367703789/amazon-unleashes-robot-army-to-send-your-holiday-packages-faster\">robot takeover\u003c/a> of Amazon, and \u003ca href=\"https://www.kqed.org/bayareabites/50822/in-search-of-the-chocolate-persimmon\" rel=\"noopener noreferrer\">chocolate persimmons\u003c/a>.\r\n\r\nAwards? Sure: Peabody, Edward R. Murrow, Regional Edward R. Murrow, RTNDA, Northern California RTNDA, SPJ Northern California Chapter, LA Press Club, Golden Mic. Prior to joining KQED, Rachael worked in Los Angeles at KPCC and Marketplace. She holds degrees in English and journalism from UC Berkeley (where she got her start in public radio on KALX-FM).\r\n\r\nOutside of the studio, you'll find Rachael hiking Bay Area trails and whipping up Instagram-ready meals in her kitchen.","avatar":"https://secure.gravatar.com/avatar/87bf8cb5874e045cdff430523a6d48b1?s=600&d=blank&r=g","twitter":"rachaelmyrow","facebook":null,"instagram":null,"linkedin":"https://www.linkedin.com/in/rachaelmyrow/","sites":[{"site":"arts","roles":["administrator"]},{"site":"news","roles":["edit_others_posts","editor"]},{"site":"futureofyou","roles":["editor"]},{"site":"bayareabites","roles":["editor"]},{"site":"stateofhealth","roles":["editor"]},{"site":"science","roles":["editor"]},{"site":"food","roles":["editor"]},{"site":"forum","roles":["editor"]}],"headData":{"title":"Rachael Myrow | KQED","description":"Senior Editor of KQED's Silicon Valley News Desk","ogImgSrc":"https://secure.gravatar.com/avatar/87bf8cb5874e045cdff430523a6d48b1?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/87bf8cb5874e045cdff430523a6d48b1?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/rachael-myrow"},"qkim":{"type":"authors","id":"11099","meta":{"index":"authors_1591205172","id":"11099","found":true},"name":"Queena Sook Kim","firstName":"Queena","lastName":"Kim","slug":"qkim","email":"qkim@kqed.org","display_author_email":false,"staff_mastheads":["news"],"title":"Senior Editor","bio":"\u003cspan style=\"font-weight: 400;\">Queena Sook Kim is a former senior editor of the weekend desk at KQED. Before taking on that post, she was the Senior Editor of the Silicon Valley Desk and was the \u003c/span>\u003cspan style=\"font-weight: 400;\">host of The California Report. The daily morning show airs on KQED in San Francisco, one of the nation’s largest NPR affiliates, and on 30 stations across the state. In that role, she produces and reports on news, politics and life in the Golden State. Queena likes to take sideways look at the larger trends changing the state. One of her favorite stories asked\u003c/span>\u003ca href=\"https://ww2.kqed.org/news/2015/02/15/why-the-heck-do-mexican-reporters-on-public-radio-say-their-names-that-way\"> \u003cspan style=\"font-weight: 400;\">why Latino journalists “over’pronounce” their Spanish surnames\u003c/span>\u003c/a>\u003cspan style=\"font-weight: 400;\"> as a way of looking at how immigration is creating a culture shift in California.\u003c/span>\r\n\r\n\u003cspan style=\"font-weight: 400;\">Before joining The California Report, Queena was a \u003ca href=\"http://www.marketplace.org/people/queena-kim\">Senior Reporter covering technology for Marketplace\u003c/a>, the daily business show that airs on public radio. Queena covered daily tech business stories and reported on larger technology trends. She did a series of stories looking at role of social engineering in hacking and on a start-up in Silicon Valley that’s trying to use technology, instead of animals, to make meat that bleeds.\u003c/span>\r\n\r\n\u003cspan style=\"font-weight: 400;\">Queena started her career as a business journalist at the Wall Street Journal, where she spent four years covering the paper, home building and toy industries. She wrote A1 stories about the unusually aggressive tactics KB Home took against its home buyers. and the resurgence of “Cracker” architecture in Florida. She also wrote section front stories on marketing trends and\u003c/span>\r\n\r\n\u003cspan style=\"font-weight: 400;\">As a journalist, Queena has spent much of her career helping start-up editorial products. She was on the founding editorial team of The Bay Citizen, an experimental, online news site in San Francisco that was funded by the late hillbilly billionaire Warren Hellman. In 2009, Queena received a grant from the Corporation of Public Broadcasting to start-up a podcast called \u003ca href=\"https://soundcloud.com/cyberfrequencies\">CyberFrequencies\u003c/a>, which reported on the culture of technology. She also helped start-up two radio shows - Off-Ramp and Pacific Drift - for KPCC, the NPR-affiliate in Los Angeles. Off-Ramp was awarded 1st Place for news and Public Affairs programming by the PRINDI and the L.A. Press club. \u003ca href=\"https://soundcloud.com/queena-sook-kim\">Queena’s stories have appeared \u003c/a>on NPR’s Day to Day, Hearing Voices, WNYC’s Studio 360, WBUR’s Here and Now, BBC’s Global Perspectives and New York Times’ multimedia page.\u003c/span>\r\n\r\n\u003cspan style=\"font-weight: 400;\">In 1994, Queena won a Fulbright Grant to teach and study in Seoul, South Korea. She was also selected to be a Teach For America Corps Member in 1991 and taught elementary school in the Inglewood Unified School District in Southern California.\u003c/span>\r\n\r\n\u003cspan style=\"font-weight: 400;\">Queena is a frequent public speaker and has given talks at UC Berkeley, Stanford University, San Francisco State University, PRINDI conference and the Craigslist Foundation Boot Camp. Queena went to UC Berkeley’s Graduate School of Journalism and graduated cum laude from New York University with a B.A. in Politics. She grew up in Southern California and lives in Berkeley, Ca in a big fixer on which she spends most weekends, well, fixing.\u003c/span>","avatar":"https://secure.gravatar.com/avatar/b72382fd0db351b99f8a31939f4853fc?s=600&d=blank&r=g","twitter":"queenasookkim","facebook":null,"instagram":null,"linkedin":null,"sites":[{"site":"news","roles":["subscriber"]},{"site":"forum","roles":["author"]},{"site":"breakingnews","roles":["editor"]}],"headData":{"title":"Queena Sook Kim | KQED","description":"Senior Editor","ogImgSrc":"https://secure.gravatar.com/avatar/b72382fd0db351b99f8a31939f4853fc?s=600&d=blank&r=g","twImgSrc":"https://secure.gravatar.com/avatar/b72382fd0db351b99f8a31939f4853fc?s=600&d=blank&r=g"},"isLoading":false,"link":"/author/qkim"}},"breakingNewsReducer":{},"campaignFinanceReducer":{},"firebase":{"requesting":{},"requested":{},"timestamps":{},"data":{},"ordered":{},"auth":{"isLoaded":false,"isEmpty":true},"authError":null,"profile":{"isLoaded":false,"isEmpty":true},"listeners":{"byId":{},"allIds":[]},"isInitializing":false,"errors":[]},"navBarReducer":{"navBarId":"news","fullView":true,"showPlayer":false},"navMenuReducer":{"menus":[{"key":"menu1","items":[{"name":"News","link":"/","type":"title"},{"name":"Politics","link":"/politics"},{"name":"Science","link":"/science"},{"name":"Education","link":"/educationnews"},{"name":"Housing","link":"/housing"},{"name":"Immigration","link":"/immigration"},{"name":"Criminal Justice","link":"/criminaljustice"},{"name":"Silicon Valley","link":"/siliconvalley"},{"name":"Forum","link":"/forum"},{"name":"The California Report","link":"/californiareport"}]},{"key":"menu2","items":[{"name":"Arts & Culture","link":"/arts","type":"title"},{"name":"Critics’ Picks","link":"/thedolist"},{"name":"Cultural Commentary","link":"/artscommentary"},{"name":"Food & Drink","link":"/food"},{"name":"Bay Area Hip-Hop","link":"/bayareahiphop"},{"name":"Rebel Girls","link":"/rebelgirls"},{"name":"Arts Video","link":"/artsvideos"}]},{"key":"menu3","items":[{"name":"Podcasts","link":"/podcasts","type":"title"},{"name":"Bay Curious","link":"/podcasts/baycurious"},{"name":"Rightnowish","link":"/podcasts/rightnowish"},{"name":"The Bay","link":"/podcasts/thebay"},{"name":"On Our Watch","link":"/podcasts/onourwatch"},{"name":"Mindshift","link":"/podcasts/mindshift"},{"name":"Consider This","link":"/podcasts/considerthis"},{"name":"Political Breakdown","link":"/podcasts/politicalbreakdown"}]},{"key":"menu4","items":[{"name":"Live Radio","link":"/radio","type":"title"},{"name":"TV","link":"/tv","type":"title"},{"name":"Events","link":"/events","type":"title"},{"name":"For Educators","link":"/education","type":"title"},{"name":"Support KQED","link":"/support","type":"title"},{"name":"About","link":"/about","type":"title"},{"name":"Help Center","link":"https://kqed-helpcenter.kqed.org/s","type":"title"}]}]},"pagesReducer":{},"postsReducer":{"stream_live":{"type":"live","id":"stream_live","audioUrl":"https://streams.kqed.org/kqedradio","title":"Live Stream","excerpt":"Live Stream information currently unavailable.","link":"/radio","featImg":"","label":{"name":"KQED Live","link":"/"}},"stream_kqedNewscast":{"type":"posts","id":"stream_kqedNewscast","audioUrl":"https://www.kqed.org/.stream/anon/radio/RDnews/newscast.mp3?_=1","title":"KQED Newscast","featImg":"","label":{"name":"88.5 FM","link":"/"}},"news_11781771":{"type":"posts","id":"news_11781771","meta":{"index":"posts_1591205157","site":"news","id":"11781771","score":null,"sort":[1572876020000]},"guestAuthors":[],"slug":"how-stanford-became-the-largest-landowner-in-silicon-valley","title":"How Stanford Came to Dominate the Landscape in Silicon Valley","publishDate":1572876020,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{"term":72,"site":"news"},"content":"\u003cp>The Leland Stanford Junior University is as beautiful as it is big: replete with huge palm trees, Romanesque-inspired sandstone buildings, concert halls, art galleries and a football stadium that seats 50,000 people. But in the midst of a housing crisis some say Stanford helped create, locals are asking if the university is doing enough to house those it employs.\u003c/p>\n\u003cp>As part of a multi-newsroom investigative project involving \u003ca href=\"https://www.revealnews.org/local/labs/\" target=\"_blank\" rel=\"noopener noreferrer\">Reveal from The Center for Investigative Reporting\u003c/a>, \u003ca href=\"https://www.mercurynews.com/\" target=\"_blank\" rel=\"noopener noreferrer\">The Mercury News\u003c/a>,\u003ca href=\"https://www.nbcbayarea.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> NBC Bay Area\u003c/a>,\u003ca href=\"https://renjournalism.org/\" target=\"_blank\" rel=\"noopener noreferrer\"> Renaissance Journalism\u003c/a> and\u003ca href=\"https://www.telemundoareadelabahia.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> Telemundo 48 Área de la BahíaTelemundo\u003c/a>, we analyzed county assessor office records from 2018\u003cem> \u003c/em>to identify the largest landowners in Santa Clara County.\u003c/p>\n\u003cp>At the top of the list in terms of property value: Stanford. The value of the university's holdings is greater than those of Google, Apple and Intel combined.\u003c/p>\n\u003cp>[aside label=\"Who Owns Silicon Valley?\" tag=\"who-owns-silicon-valley\"]\u003c/p>\n\u003cp>On campus and off, the value of Stanford’s real estate empire tops $19.7 billion, as of 2018. That’s probably an undercount because Proposition 13, California’s landmark property tax law from the 1970s, has held down the reported value of a lot of Stanford’s properties.\u003c/p>\n\u003cp>\"You can drive for miles and still be on Stanford land. I mean, it’s got a golf course. It’s got a nature preserve. The Stanford Linear Accelerator is operated by the federal government, but it's on Stanford land,\" said Steve Staiger, a historian with the \u003ca href=\"http://www.pahistory.org\" target=\"_blank\" rel=\"noopener noreferrer\">Palo Alto Historical Association\u003c/a>.\u003c/p>\n\u003cp>In recent years, as the region's housing crisis has metastasized, a growing number of community voices are asking whether Stanford's size comes attached to a greater responsibility to house its faculty and staff. \"Stanford certainly has, in many people's eyes, a responsibility to do their fair share,\" Staiger said. \"Now, what they think is their fair share and how that's being handled? It's different than others because they have space on their lands for housing.\"\u003c/p>\n\u003cfigure id=\"attachment_11782709\" class=\"wp-caption aligncenter\" style=\"max-width: 3081px\">\u003cimg class=\"wp-image-11782709 size-full\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/PC0001_B1_F44_I002.jpeg\" alt=\"Leland, Jane and Leland Jr. Stanford in Paris c. 1881-1883.\" width=\"3081\" height=\"3838\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002.jpeg 3081w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-160x199.jpeg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-800x997.jpeg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-1020x1271.jpeg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-963x1200.jpeg 963w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-1920x2392.jpeg 1920w\" sizes=\"(max-width: 3081px) 100vw, 3081px\">\u003cfigcaption class=\"wp-caption-text\">Leland, Jane and Leland Stanford Jr. in Paris c. 1881-1883. \u003ccite>((Courtesy of Stanford University Archives))\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>How Stanford Came to Be So Big\u003c/h2>\n\u003cp>Stanford has one of the largest campuses in the country and sits on roughly 8,180 acres straddling the border of two counties. UC Davis, for comparison's sake, is just 5,300 acres.\u003c/p>\n\u003cp>As every visitor who takes a campus tour learns, the university was founded by a grieving father who dedicated the school to his son.\u003c/p>\n\u003cp>Amasa Leland Stanford was one of the \"Big Four,” a group of California merchants who banded together to build the western portion of America’s first transcontinental railroad, the Central Pacific, with generous support from state and federal governments.\u003c/p>\n\u003cp>Stanford lived lavishly off the profits of his railroad. He joined an exclusive coterie of ultra-wealthy people and owned both a mansion on Nob Hill in San Francisco and a country estate south of the city. He grew grapes and raised horses on a stretch of land that grew to rival the rancheras of the Spanish colonial era.\u003c/p>\n\u003cp>He might have faded into history if not for a tragedy that struck the family in 1884 when his 15-year-old son, Leland Jr., died of typhoid fever while touring Italy.\u003c/p>\n\u003cp>With no heir to pass on all their wealth to, the grief-stricken parents decided to launch a university. In 1885, they donated their land to a new school — with the unusual stipulation that it could never be sold.\u003c/p>\n\u003cfigure id=\"attachment_11781793\" class=\"wp-caption aligncenter\" style=\"max-width: 1920px\">\u003cimg class=\"wp-image-11781793 size-full\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/RS36464_IMG_8792-qut.jpg\" alt=\"The Hoover Tower on Stanford University campus houses the Hoover Institution Library and Archives, which were founded by Herbert Hoover before he became President of the United States.\" width=\"1920\" height=\"1439\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-160x120.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-800x600.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1020x764.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1200x899.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1832x1374.jpg 1832w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1376x1032.jpg 1376w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1044x783.jpg 1044w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-632x474.jpg 632w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-536x402.jpg 536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\">\u003cfigcaption class=\"wp-caption-text\">The Hoover Tower on Stanford University campus houses the Hoover Institution Library and Archives, which were founded by Herbert Hoover before he became president of the United States.\u003c/figcaption>\u003c/figure>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003ch2>Land Rich, Cash Poor\u003c/h2>\n\u003cp>For decades following, this edict guaranteed Stanford would be land rich in an area many considered the boonies. To this day, one of Stanford's nicknames is “The Farm.”\u003c/p>\n\u003cp>It wasn't until the 1950s that Stanford officials devised a plan to lease out land they couldn't sell.\u003c/p>\n\u003cp>\"\u003ca href=\"https://www.simon.com/mall/stanford-shopping-center\" target=\"_blank\" rel=\"noopener noreferrer\">[Stanford] Shopping Center\u003c/a> is on leased land,\" said Staiger. \"The \u003ca href=\"https://stanfordresearchpark.com\" target=\"_blank\" rel=\"noopener noreferrer\">[Stanford] Research Park\u003c/a> is on leased land.\" The leasing deals allow Stanford to generate income without selling the land, which they're prohibited from doing by the 1885 founding grant.\u003c/p>\n\u003cp>Then a man named Fred Terman helped launch what we now call Silicon Valley, first as an electrical engineering professor and then as provost at Stanford. Terman was one of the first to encourage tech talent and businesses to stay close to campus rather than seek fame and fortune elsewhere.\u003c/p>\n\u003cp>\"I would say the university made a major contribution to the companies here,\" Terman said in a 1969 interview. \"But then, the companies made a major contribution to those parts of the university that contributed to these companies. So we all grew up together, really.\"\u003c/p>\n\u003cp>Today, Stanford boasts an \u003ca href=\"https://news.stanford.edu/press-releases/2019/10/02/stanford-releasereturn-endowment/\" target=\"_blank\" rel=\"noopener noreferrer\">endowment of $27.7 billion\u003c/a>, which puts it near the top in the U.S., behind Harvard and Yale.\u003c/p>\n\u003cp>[youtube https://www.youtube.com/watch?v=Jwk2Y4mi87w]\u003c/p>\n\u003cp>[pullquote size='medium' align='right' citation='Steve Staiger, a historian with the Palo Alto Historical Association']'Stanford certainly has, in many people's eyes, a responsibility to do their fair share. Now: what they think is their fair share and how that's being handled? It's different than others because they have space on their lands for housing.'[/pullquote]\u003c/p>\n\u003cp>With the help of Hewlett-Packard, Cisco, PayPal, Google, Yahoo, Netflix and others, the center of gravity for tech companies gradually shifted from the East Coast to the West Coast.\u003c/p>\n\u003cp>Year after year, Silicon Valley companies draw in tens of thousands of software engineers, lawyers and other professionals. Not all of them make huge salaries, but in recent years, the economic influx has displaced thousands of people who do not work in tech, forcing them to leave the Bay Area. A quick search on the real estate platform Zillow reveals the median home price in Palo Alto is $2,833,400.\u003c/p>\n\u003ch2>The Housing Crisis\u003c/h2>\n\u003cp>\"You can see people living in vehicles on the streets,\" said Lenny Siegel, former mayor of Mountain View. \"School districts are losing teachers. It's gotten worse because we've had this unprecedented employment growth and very little housing development.\"\u003c/p>\n\u003cp>The \u003ca href=\"https://stanfordresearchpark.com\" target=\"_blank\" rel=\"noopener noreferrer\">Stanford Research Park\u003c/a> is home to more than 150 different companies and their 23,000 employees. The university itself directly employs about 13,028 staff members, plus another 2,240 faculty members as of 2018.\u003c/p>\n\u003cp>“We had faculty housing on campus from the very beginning, to provide an opportunity for faculty to be close to the education and research mission of the institution,\" said Martin Shell, Stanford's vice president and chief external relations officer. \"And we think that we’ve been following in that tradition for the last 125 years.”\u003c/p>\n\u003cfigure id=\"attachment_11782708\" class=\"wp-caption alignnone\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11782708\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-800x527.jpg\" alt=\"Stanford's campus spans 8,180 acres in San Mateo and Santa Clara counties and is one of the largest in the country\" width=\"800\" height=\"527\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-800x527.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-160x105.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-1020x672.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-1200x791.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Stanford's campus spans 8,180 acres in San Mateo and Santa Clara counties and is one of the largest in the country. \u003ccite>(Courtesy of Jane Tyska/Bay Area News Group)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"They [Stanford University] are the major employer on the Mid-Peninsula both for the university faculty and staff, but more importantly perhaps, numerically, is the \u003ca href=\"https://stanfordhealthcare.org\" target=\"_blank\" rel=\"noopener noreferrer\">Medical Center\u003c/a>. It's a huge employer, so big that now they have a separate plant out in Redwood City that thousands of people are working at,\" historian Staiger said.\u003c/p>\n\u003cp>Stanford officials told our investigative reporting team they plan to build about 1,300 housing units and more than 2,400 beds for graduate students, at an estimated cost of more than $1 billion.\u003c/p>\n\u003cp>“We did that for many reasons, not the least of which was our graduate students were increasingly having a challenge to find a place to live in close proximity where they could afford to live here,” said Shell.\u003c/p>\n\u003cp>When an apartment complex in the works, the expanded \u003ca href=\"https://newgradhousing.stanford.edu\" target=\"_blank\" rel=\"noopener noreferrer\">Escondido Village Graduate Residences,\u003c/a> opens in about a year, Stanford will house more than 75 percent of its graduate students on its campus. The university already houses all of its undergraduates on campus.\u003c/p>\n\u003cp>Some may ask why building more housing is Stanford’s problem when Mountain View, Palo Alto and other nearby cities also haven’t kept pace with growing demand over the last half-century. Or, for that matter, whether it's a problem for tech companies in the region to solve.\u003c/p>\n\u003cp>In recent months, tech titans like \u003ca href=\"https://www.kqed.org/news/11755545/google-pledges-1-billion-to-help-fight-bay-area-housing-crisis-it-helped-create\" target=\"_blank\" rel=\"noopener noreferrer\">Google\u003c/a> and Facebook have announced major initiatives to help build housing for their employees and others, providing a combination of cash and land as incentives and asking local municipalities to help shape their housing plans.\u003c/p>\n\u003cp>That shift in the public conversation is putting Stanford in the spotlight for a growing number of local politicians and housing advocates. \"Stanford has more land than the city of Mountain View,\" said Siegel. \"Yeah, they’re a big institution and they do a lot, but they need to do more.\"\u003c/p>\n\u003ch2>Expanding Real Estate Empire\u003c/h2>\n\u003cp>Stanford leases homes to faculty at prices well below market rates — it’s one of the ways Stanford attracts top academic talent from around the world that might not otherwise move to the region.\u003c/p>\n\u003cp>[pullquote size='medium' align='right' citation='Pria Graves, College Terrace Residents Association']'Probably most of Silicon Valley wouldn't exist without Stanford. On the other hand, there are definite downsides.'[/pullquote]\u003c/p>\n\u003cp>For decades, the university's concerns about housing affordability have focused largely on faculty, as opposed to staff — or the communities that neighbor Stanford. A university-led \u003ca href=\"https://news.stanford.edu/2019/05/20/affordability-task-force-digging-needs-various-communities/\" target=\"_blank\" rel=\"noopener noreferrer\">Affordability Task Force\u003c/a> is expected to deliver recommendations later this year that expand Stanford's definition of constituents.\u003c/p>\n\u003cp>But in the meantime, Stanford has been busy expanding its residential real estate portfolio off-campus. For example, in just the last five years, the university has bought more than 30 properties in a neighborhood near the campus called College Terrace.\u003c/p>\n\u003cp>Pria Graves, a retired software engineer from Palo Alto, has lived in College Terrace for 34 years. She’s the \u003ca href=\"https://www.collegeterrace.org\" target=\"_blank\" rel=\"noopener noreferrer\">College Terrace Residents Association's\u003c/a> “Stanford observer.\" She argues that Stanford's choice to absorb properties off-campus to secure housing for its employees is drying up the pool of available housing for others in the community. That, she says, drives local housing prices past already stratospheric levels.\u003c/p>\n\u003cp>What does Graves say to those who argue her neighborhood wouldn't be as nice as it is without Stanford, or might not even exist without Stanford? \"Oh it probably wouldn’t. Probably most of Silicon Valley wouldn't exist without Stanford,\" Graves admits. \"On the other hand, there are definite downsides.\"\u003c/p>\n\u003cp>Those downsides are at the center of a contentious battle with Santa Clara County supervisors. After three years of back and forth over Stanford's proposed plans to build another 3.5 million square feet in the coming years, the university abruptly withdrew its application last week.\u003c/p>\n\u003cp>In a \u003ca href=\"https://news.stanford.edu/2019/11/01/stanford-withdraws-general-use-permit-application/\" target=\"_blank\" rel=\"noopener noreferrer\">statement\u003c/a>, the university acknowledged \"obstacles on the path to a successful permit\" and committed to \"a new phase of engagement and dialogue with its neighbors and surrounding communities.\"\u003c/p>\n\u003cp>\u003cimg class=\"alignnone wp-image-11782840 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-800x450.jpg\" alt='\"Who Owns Silicon Valley?\" is a multi-newsroom investigative project involving Reveal from The Center for Investigative Reporting, The Mercury News, NBC Bay Area, Renaissance Journalism and Telemundo 48 Área de la BahíaTelemundo.' width=\"800\" height=\"450\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-800x450.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-160x90.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-1020x574.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-1200x675.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003c/p>\n\u003cp>\u003cem>\"Who Owns Silicon Valley?\" is a multi-newsroom investigative project involving \u003ca href=\"https://www.revealnews.org/local/labs/\" target=\"_blank\" rel=\"noopener noreferrer\">Reveal from The Center for Investigative Reporting\u003c/a>, \u003ca href=\"https://www.mercurynews.com/\" target=\"_blank\" rel=\"noopener noreferrer\">The Mercury News\u003c/a>,\u003ca href=\"https://www.nbcbayarea.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> NBC Bay Area\u003c/a>,\u003ca href=\"https://renjournalism.org/\" target=\"_blank\" rel=\"noopener noreferrer\"> Renaissance Journalism\u003c/a> and\u003ca href=\"https://www.telemundoareadelabahia.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> Telemundo 48 Área de la BahíaTelemundo\u003c/a> and KQED.\u003c/em>\u003c/p>\n\u003cp>[ad floatright]\u003c/p>\n","blocks":[],"excerpt":"The value of Stanford’s real estate empire is greater than the holdings of Google, Apple and Cisco combined.\r\n","status":"publish","parent":0,"modified":1632430039,"stats":{"hasAudio":false,"hasVideo":true,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":45,"wordCount":1913},"headData":{"title":"How Stanford Came to Dominate the Landscape in Silicon Valley | KQED","description":"The value of Stanford’s real estate empire is greater than the holdings of Google, Apple and Cisco combined.\r\n","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11781771 https://ww2.kqed.org/news/?p=11781771","disqusUrl":"https://ww2.kqed.org/news/2019/11/04/how-stanford-became-the-largest-landowner-in-silicon-valley/","disqusTitle":"How Stanford Came to Dominate the Landscape in Silicon Valley","path":"/news/11781771/how-stanford-became-the-largest-landowner-in-silicon-valley","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>The Leland Stanford Junior University is as beautiful as it is big: replete with huge palm trees, Romanesque-inspired sandstone buildings, concert halls, art galleries and a football stadium that seats 50,000 people. But in the midst of a housing crisis some say Stanford helped create, locals are asking if the university is doing enough to house those it employs.\u003c/p>\n\u003cp>As part of a multi-newsroom investigative project involving \u003ca href=\"https://www.revealnews.org/local/labs/\" target=\"_blank\" rel=\"noopener noreferrer\">Reveal from The Center for Investigative Reporting\u003c/a>, \u003ca href=\"https://www.mercurynews.com/\" target=\"_blank\" rel=\"noopener noreferrer\">The Mercury News\u003c/a>,\u003ca href=\"https://www.nbcbayarea.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> NBC Bay Area\u003c/a>,\u003ca href=\"https://renjournalism.org/\" target=\"_blank\" rel=\"noopener noreferrer\"> Renaissance Journalism\u003c/a> and\u003ca href=\"https://www.telemundoareadelabahia.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> Telemundo 48 Área de la BahíaTelemundo\u003c/a>, we analyzed county assessor office records from 2018\u003cem> \u003c/em>to identify the largest landowners in Santa Clara County.\u003c/p>\n\u003cp>At the top of the list in terms of property value: Stanford. The value of the university's holdings is greater than those of Google, Apple and Intel combined.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"aside","attributes":{"named":{"label":"Who Owns Silicon Valley? ","tag":"who-owns-silicon-valley"},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>On campus and off, the value of Stanford’s real estate empire tops $19.7 billion, as of 2018. That’s probably an undercount because Proposition 13, California’s landmark property tax law from the 1970s, has held down the reported value of a lot of Stanford’s properties.\u003c/p>\n\u003cp>\"You can drive for miles and still be on Stanford land. I mean, it’s got a golf course. It’s got a nature preserve. The Stanford Linear Accelerator is operated by the federal government, but it's on Stanford land,\" said Steve Staiger, a historian with the \u003ca href=\"http://www.pahistory.org\" target=\"_blank\" rel=\"noopener noreferrer\">Palo Alto Historical Association\u003c/a>.\u003c/p>\n\u003cp>In recent years, as the region's housing crisis has metastasized, a growing number of community voices are asking whether Stanford's size comes attached to a greater responsibility to house its faculty and staff. \"Stanford certainly has, in many people's eyes, a responsibility to do their fair share,\" Staiger said. \"Now, what they think is their fair share and how that's being handled? It's different than others because they have space on their lands for housing.\"\u003c/p>\n\u003cfigure id=\"attachment_11782709\" class=\"wp-caption aligncenter\" style=\"max-width: 3081px\">\u003cimg class=\"wp-image-11782709 size-full\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/PC0001_B1_F44_I002.jpeg\" alt=\"Leland, Jane and Leland Jr. Stanford in Paris c. 1881-1883.\" width=\"3081\" height=\"3838\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002.jpeg 3081w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-160x199.jpeg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-800x997.jpeg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-1020x1271.jpeg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-963x1200.jpeg 963w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/PC0001_B1_F44_I002-1920x2392.jpeg 1920w\" sizes=\"(max-width: 3081px) 100vw, 3081px\">\u003cfigcaption class=\"wp-caption-text\">Leland, Jane and Leland Stanford Jr. in Paris c. 1881-1883. \u003ccite>((Courtesy of Stanford University Archives))\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003ch2>How Stanford Came to Be So Big\u003c/h2>\n\u003cp>Stanford has one of the largest campuses in the country and sits on roughly 8,180 acres straddling the border of two counties. UC Davis, for comparison's sake, is just 5,300 acres.\u003c/p>\n\u003cp>As every visitor who takes a campus tour learns, the university was founded by a grieving father who dedicated the school to his son.\u003c/p>\n\u003cp>Amasa Leland Stanford was one of the \"Big Four,” a group of California merchants who banded together to build the western portion of America’s first transcontinental railroad, the Central Pacific, with generous support from state and federal governments.\u003c/p>\n\u003cp>Stanford lived lavishly off the profits of his railroad. He joined an exclusive coterie of ultra-wealthy people and owned both a mansion on Nob Hill in San Francisco and a country estate south of the city. He grew grapes and raised horses on a stretch of land that grew to rival the rancheras of the Spanish colonial era.\u003c/p>\n\u003cp>He might have faded into history if not for a tragedy that struck the family in 1884 when his 15-year-old son, Leland Jr., died of typhoid fever while touring Italy.\u003c/p>\n\u003cp>With no heir to pass on all their wealth to, the grief-stricken parents decided to launch a university. In 1885, they donated their land to a new school — with the unusual stipulation that it could never be sold.\u003c/p>\n\u003cfigure id=\"attachment_11781793\" class=\"wp-caption aligncenter\" style=\"max-width: 1920px\">\u003cimg class=\"wp-image-11781793 size-full\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/RS36464_IMG_8792-qut.jpg\" alt=\"The Hoover Tower on Stanford University campus houses the Hoover Institution Library and Archives, which were founded by Herbert Hoover before he became President of the United States.\" width=\"1920\" height=\"1439\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-160x120.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-800x600.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1020x764.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1200x899.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1832x1374.jpg 1832w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1376x1032.jpg 1376w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-1044x783.jpg 1044w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-632x474.jpg 632w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS36464_IMG_8792-qut-536x402.jpg 536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\">\u003cfigcaption class=\"wp-caption-text\">The Hoover Tower on Stanford University campus houses the Hoover Institution Library and Archives, which were founded by Herbert Hoover before he became president of the United States.\u003c/figcaption>\u003c/figure>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003ch2>Land Rich, Cash Poor\u003c/h2>\n\u003cp>For decades following, this edict guaranteed Stanford would be land rich in an area many considered the boonies. To this day, one of Stanford's nicknames is “The Farm.”\u003c/p>\n\u003cp>It wasn't until the 1950s that Stanford officials devised a plan to lease out land they couldn't sell.\u003c/p>\n\u003cp>\"\u003ca href=\"https://www.simon.com/mall/stanford-shopping-center\" target=\"_blank\" rel=\"noopener noreferrer\">[Stanford] Shopping Center\u003c/a> is on leased land,\" said Staiger. \"The \u003ca href=\"https://stanfordresearchpark.com\" target=\"_blank\" rel=\"noopener noreferrer\">[Stanford] Research Park\u003c/a> is on leased land.\" The leasing deals allow Stanford to generate income without selling the land, which they're prohibited from doing by the 1885 founding grant.\u003c/p>\n\u003cp>Then a man named Fred Terman helped launch what we now call Silicon Valley, first as an electrical engineering professor and then as provost at Stanford. Terman was one of the first to encourage tech talent and businesses to stay close to campus rather than seek fame and fortune elsewhere.\u003c/p>\n\u003cp>\"I would say the university made a major contribution to the companies here,\" Terman said in a 1969 interview. \"But then, the companies made a major contribution to those parts of the university that contributed to these companies. So we all grew up together, really.\"\u003c/p>\n\u003cp>Today, Stanford boasts an \u003ca href=\"https://news.stanford.edu/press-releases/2019/10/02/stanford-releasereturn-endowment/\" target=\"_blank\" rel=\"noopener noreferrer\">endowment of $27.7 billion\u003c/a>, which puts it near the top in the U.S., behind Harvard and Yale.\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/Jwk2Y4mi87w'\n title='//www.youtube.com/embed/Jwk2Y4mi87w'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'Stanford certainly has, in many people's eyes, a responsibility to do their fair share. Now: what they think is their fair share and how that's being handled? It's different than others because they have space on their lands for housing.'","name":"pullquote","attributes":{"named":{"size":"medium","align":"right","citation":"Steve Staiger, a historian with the Palo Alto Historical Association","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>With the help of Hewlett-Packard, Cisco, PayPal, Google, Yahoo, Netflix and others, the center of gravity for tech companies gradually shifted from the East Coast to the West Coast.\u003c/p>\n\u003cp>Year after year, Silicon Valley companies draw in tens of thousands of software engineers, lawyers and other professionals. Not all of them make huge salaries, but in recent years, the economic influx has displaced thousands of people who do not work in tech, forcing them to leave the Bay Area. A quick search on the real estate platform Zillow reveals the median home price in Palo Alto is $2,833,400.\u003c/p>\n\u003ch2>The Housing Crisis\u003c/h2>\n\u003cp>\"You can see people living in vehicles on the streets,\" said Lenny Siegel, former mayor of Mountain View. \"School districts are losing teachers. It's gotten worse because we've had this unprecedented employment growth and very little housing development.\"\u003c/p>\n\u003cp>The \u003ca href=\"https://stanfordresearchpark.com\" target=\"_blank\" rel=\"noopener noreferrer\">Stanford Research Park\u003c/a> is home to more than 150 different companies and their 23,000 employees. The university itself directly employs about 13,028 staff members, plus another 2,240 faculty members as of 2018.\u003c/p>\n\u003cp>“We had faculty housing on campus from the very beginning, to provide an opportunity for faculty to be close to the education and research mission of the institution,\" said Martin Shell, Stanford's vice president and chief external relations officer. \"And we think that we’ve been following in that tradition for the last 125 years.”\u003c/p>\n\u003cfigure id=\"attachment_11782708\" class=\"wp-caption alignnone\" style=\"max-width: 800px\">\u003cimg class=\"size-medium wp-image-11782708\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-800x527.jpg\" alt=\"Stanford's campus spans 8,180 acres in San Mateo and Santa Clara counties and is one of the largest in the country\" width=\"800\" height=\"527\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-800x527.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-160x105.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-1020x672.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut-1200x791.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/RS39801_StandfordEdit006-qut.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">Stanford's campus spans 8,180 acres in San Mateo and Santa Clara counties and is one of the largest in the country. \u003ccite>(Courtesy of Jane Tyska/Bay Area News Group)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\"They [Stanford University] are the major employer on the Mid-Peninsula both for the university faculty and staff, but more importantly perhaps, numerically, is the \u003ca href=\"https://stanfordhealthcare.org\" target=\"_blank\" rel=\"noopener noreferrer\">Medical Center\u003c/a>. It's a huge employer, so big that now they have a separate plant out in Redwood City that thousands of people are working at,\" historian Staiger said.\u003c/p>\n\u003cp>Stanford officials told our investigative reporting team they plan to build about 1,300 housing units and more than 2,400 beds for graduate students, at an estimated cost of more than $1 billion.\u003c/p>\n\u003cp>“We did that for many reasons, not the least of which was our graduate students were increasingly having a challenge to find a place to live in close proximity where they could afford to live here,” said Shell.\u003c/p>\n\u003cp>When an apartment complex in the works, the expanded \u003ca href=\"https://newgradhousing.stanford.edu\" target=\"_blank\" rel=\"noopener noreferrer\">Escondido Village Graduate Residences,\u003c/a> opens in about a year, Stanford will house more than 75 percent of its graduate students on its campus. The university already houses all of its undergraduates on campus.\u003c/p>\n\u003cp>Some may ask why building more housing is Stanford’s problem when Mountain View, Palo Alto and other nearby cities also haven’t kept pace with growing demand over the last half-century. Or, for that matter, whether it's a problem for tech companies in the region to solve.\u003c/p>\n\u003cp>In recent months, tech titans like \u003ca href=\"https://www.kqed.org/news/11755545/google-pledges-1-billion-to-help-fight-bay-area-housing-crisis-it-helped-create\" target=\"_blank\" rel=\"noopener noreferrer\">Google\u003c/a> and Facebook have announced major initiatives to help build housing for their employees and others, providing a combination of cash and land as incentives and asking local municipalities to help shape their housing plans.\u003c/p>\n\u003cp>That shift in the public conversation is putting Stanford in the spotlight for a growing number of local politicians and housing advocates. \"Stanford has more land than the city of Mountain View,\" said Siegel. \"Yeah, they’re a big institution and they do a lot, but they need to do more.\"\u003c/p>\n\u003ch2>Expanding Real Estate Empire\u003c/h2>\n\u003cp>Stanford leases homes to faculty at prices well below market rates — it’s one of the ways Stanford attracts top academic talent from around the world that might not otherwise move to the region.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"'Probably most of Silicon Valley wouldn't exist without Stanford. On the other hand, there are definite downsides.'","name":"pullquote","attributes":{"named":{"size":"medium","align":"right","citation":"Pria Graves, College Terrace Residents Association","label":""},"numeric":[]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>For decades, the university's concerns about housing affordability have focused largely on faculty, as opposed to staff — or the communities that neighbor Stanford. A university-led \u003ca href=\"https://news.stanford.edu/2019/05/20/affordability-task-force-digging-needs-various-communities/\" target=\"_blank\" rel=\"noopener noreferrer\">Affordability Task Force\u003c/a> is expected to deliver recommendations later this year that expand Stanford's definition of constituents.\u003c/p>\n\u003cp>But in the meantime, Stanford has been busy expanding its residential real estate portfolio off-campus. For example, in just the last five years, the university has bought more than 30 properties in a neighborhood near the campus called College Terrace.\u003c/p>\n\u003cp>Pria Graves, a retired software engineer from Palo Alto, has lived in College Terrace for 34 years. She’s the \u003ca href=\"https://www.collegeterrace.org\" target=\"_blank\" rel=\"noopener noreferrer\">College Terrace Residents Association's\u003c/a> “Stanford observer.\" She argues that Stanford's choice to absorb properties off-campus to secure housing for its employees is drying up the pool of available housing for others in the community. That, she says, drives local housing prices past already stratospheric levels.\u003c/p>\n\u003cp>What does Graves say to those who argue her neighborhood wouldn't be as nice as it is without Stanford, or might not even exist without Stanford? \"Oh it probably wouldn’t. Probably most of Silicon Valley wouldn't exist without Stanford,\" Graves admits. \"On the other hand, there are definite downsides.\"\u003c/p>\n\u003cp>Those downsides are at the center of a contentious battle with Santa Clara County supervisors. After three years of back and forth over Stanford's proposed plans to build another 3.5 million square feet in the coming years, the university abruptly withdrew its application last week.\u003c/p>\n\u003cp>In a \u003ca href=\"https://news.stanford.edu/2019/11/01/stanford-withdraws-general-use-permit-application/\" target=\"_blank\" rel=\"noopener noreferrer\">statement\u003c/a>, the university acknowledged \"obstacles on the path to a successful permit\" and committed to \"a new phase of engagement and dialogue with its neighbors and surrounding communities.\"\u003c/p>\n\u003cp>\u003cimg class=\"alignnone wp-image-11782840 size-medium\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-800x450.jpg\" alt='\"Who Owns Silicon Valley?\" is a multi-newsroom investigative project involving Reveal from The Center for Investigative Reporting, The Mercury News, NBC Bay Area, Renaissance Journalism and Telemundo 48 Área de la BahíaTelemundo.' width=\"800\" height=\"450\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-800x450.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-160x90.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-1020x574.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2-1200x675.jpg 1200w, https://ww2.kqed.org/app/uploads/sites/10/2019/10/Copy-of-WhoOwnsSiliconValley_ppt2.jpg 1920w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003c/p>\n\u003cp>\u003cem>\"Who Owns Silicon Valley?\" is a multi-newsroom investigative project involving \u003ca href=\"https://www.revealnews.org/local/labs/\" target=\"_blank\" rel=\"noopener noreferrer\">Reveal from The Center for Investigative Reporting\u003c/a>, \u003ca href=\"https://www.mercurynews.com/\" target=\"_blank\" rel=\"noopener noreferrer\">The Mercury News\u003c/a>,\u003ca href=\"https://www.nbcbayarea.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> NBC Bay Area\u003c/a>,\u003ca href=\"https://renjournalism.org/\" target=\"_blank\" rel=\"noopener noreferrer\"> Renaissance Journalism\u003c/a> and\u003ca href=\"https://www.telemundoareadelabahia.com/\" target=\"_blank\" rel=\"noopener noreferrer\"> Telemundo 48 Área de la BahíaTelemundo\u003c/a> and KQED.\u003c/em>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"floatright"},"numeric":["floatright"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11781771/how-stanford-became-the-largest-landowner-in-silicon-valley","authors":["251"],"programs":["news_72"],"categories":["news_1758","news_6266","news_8"],"tags":["news_1702","news_19542","news_21971","news_93","news_450","news_727","news_2011","news_17867","news_353","news_178","news_26974","news_351"],"featImg":"news_11781773","label":"news_72"},"news_11620766":{"type":"posts","id":"news_11620766","meta":{"index":"posts_1591205157","site":"news","id":"11620766","score":null,"sort":[1507070246000]},"guestAuthors":[],"slug":"every-yahoo-account-that-existed-in-mid-2013-was-likely-hacked","title":"Every Yahoo Account That Existed in Mid-2013 Was Likely Hacked","publishDate":1507070246,"format":"standard","headTitle":"News Fix | KQED News","labelTerm":{},"content":"\u003cp>Every user who had a Yahoo account in August 2013 was likely affected by its massive hack, the company's parent, Verizon, said Tuesday.\u003c/p>\n\u003cp>This latest disclosure triples the number of accounts compromised by the major 2013 data breach that the company \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\" target=\"_blank\" rel=\"noopener\">disclosed late last year.\u003c/a> At the time, Yahoo said hackers had stolen data associated with 1 billion user accounts; the new disclosure escalates that number to 3 billion.\u003c/p>\n\u003cp>Despite news of the hack's much broader scope, the company says the steps needed to protect all of its users were already taken last year, when the hack was first discovered.\u003c/p>\n\u003cp>As originally \u003ca href=\"https://help.yahoo.com/kb/account/SLN27925.html?impressions=true\" target=\"_blank\" rel=\"noopener\">announced\u003c/a>, hackers in the 2013 breach stole account information such as names, email addresses, phone numbers and birthdates, as well as hashed passwords and security questions and answers. Yahoo, now known as Oath, says in late 2016 it forced password changes for all accounts that haven't done so since 2013 and invalidated old security questions and answers.\u003c/p>\n\u003cp>Credit card and bank account data were not taken in the breach, according to the company's investigation.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Yahoo learned that the already-vast breach had ballooned thanks to new intelligence \"obtained\" recently, after Verizon \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\" target=\"_blank\" rel=\"noopener\">closed its deal\u003c/a> to buy Yahoo. Verizon has folded together the tech giant and previously purchased AOL under the umbrella brand Oath.\u003c/p>\n\u003cp>Oath spokesman Charles Stewart did not elaborate on how the information was obtained, but said the new intelligence led to a new investigation by the company's security team, completed less than a week ago.\u003c/p>\n\u003cp>The security industry's favorite adage is that there are two types of companies: those that have been hacked and those that don't know they have been hacked. Among those that know, Yahoo stands out.\u003c/p>\n\u003cp>Over the course of 2016, Yahoo set and then beat its own record for the largest-ever disclosed data breach. Last September, Yahoo reported an incident affecting 500 million accounts that took place in 2014. Then, in December, came the disclosure of the 2013 hack, which was presented as \"likely distinct.\"\u003c/p>\n\u003cp>The 2014 hack was believed to be state-sponsored and later led to \u003ca href=\"https://beta.theglobeandmail.com/news/world/alleged-yahoo-hacker-karim-baratov-pleads-not-guilty-in-us-court/article36071115/\" target=\"_blank\" rel=\"noopener\">a trial of a Canadian hacker\u003c/a> and charges \u003ca href=\"https://www.justice.gov/opa/pr/us-charges-russian-fsb-officers-and-their-criminal-conspirators-hacking-yahoo-and-millions\" target=\"_blank\" rel=\"noopener\">against Russian government agents\u003c/a> — a relatively rare development for crimes of such caliber. But many questions remain about the 2013 hack and its perpetrators; in fact, the company has been unable to identify the intrusion.\u003c/p>\n\u003cp>An internal investigation by Yahoo's board in March found that the company's information security team, senior executives and some legal staff were aware of a state-sponsored hack in 2014, according to a \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517065791/d293630d10k.htm\" target=\"_blank\" rel=\"noopener\">regulatory filing\u003c/a>, that adds:\u003c/p>\n\u003cblockquote>\u003cp>\"It appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the Company's information security team. ... However, the Independent Committee did not conclude that there was an intentional suppression of relevant information.\u003cbr>\n\"Nonetheless, the Committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it.\"\u003c/p>\u003c/blockquote>\n\u003cp>Yahoo's then-top lawyer resigned without severance pay as a result, and then-CEO Marissa Mayer lost her 2016 bonus. She \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\" target=\"_blank\" rel=\"noopener\">later left the company\u003c/a> as Yahoo was bought by Verizon.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=U.S.+Indicts+2+Russian+Security+Officials+Over+Yahoo+Hack&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/p>\n\n","blocks":[],"excerpt":"Latest disclosure by parent company Verizon triples, to 3 billion, the number of accounts compromised by the major data breach. ","status":"publish","parent":0,"modified":1507075022,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":16,"wordCount":556},"headData":{"title":"Every Yahoo Account That Existed in Mid-2013 Was Likely Hacked | KQED","description":"Latest disclosure by parent company Verizon triples, to 3 billion, the number of accounts compromised by the major data breach. ","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11620766 https://ww2.kqed.org/news/?p=11620766","disqusUrl":"https://ww2.kqed.org/news/2017/10/03/every-yahoo-account-that-existed-in-mid-2013-was-likely-hacked/","disqusTitle":"Every Yahoo Account That Existed in Mid-2013 Was Likely Hacked","source":"NPR","sourceUrl":"npr.org","nprByline":"\u003cstrong>Alina Selyukh\u003c/br>NPR\u003c/strong>","path":"/news/11620766/every-yahoo-account-that-existed-in-mid-2013-was-likely-hacked","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Every user who had a Yahoo account in August 2013 was likely affected by its massive hack, the company's parent, Verizon, said Tuesday.\u003c/p>\n\u003cp>This latest disclosure triples the number of accounts compromised by the major 2013 data breach that the company \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\" target=\"_blank\" rel=\"noopener\">disclosed late last year.\u003c/a> At the time, Yahoo said hackers had stolen data associated with 1 billion user accounts; the new disclosure escalates that number to 3 billion.\u003c/p>\n\u003cp>Despite news of the hack's much broader scope, the company says the steps needed to protect all of its users were already taken last year, when the hack was first discovered.\u003c/p>\n\u003cp>As originally \u003ca href=\"https://help.yahoo.com/kb/account/SLN27925.html?impressions=true\" target=\"_blank\" rel=\"noopener\">announced\u003c/a>, hackers in the 2013 breach stole account information such as names, email addresses, phone numbers and birthdates, as well as hashed passwords and security questions and answers. Yahoo, now known as Oath, says in late 2016 it forced password changes for all accounts that haven't done so since 2013 and invalidated old security questions and answers.\u003c/p>\n\u003cp>Credit card and bank account data were not taken in the breach, according to the company's investigation.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Yahoo learned that the already-vast breach had ballooned thanks to new intelligence \"obtained\" recently, after Verizon \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\" target=\"_blank\" rel=\"noopener\">closed its deal\u003c/a> to buy Yahoo. Verizon has folded together the tech giant and previously purchased AOL under the umbrella brand Oath.\u003c/p>\n\u003cp>Oath spokesman Charles Stewart did not elaborate on how the information was obtained, but said the new intelligence led to a new investigation by the company's security team, completed less than a week ago.\u003c/p>\n\u003cp>The security industry's favorite adage is that there are two types of companies: those that have been hacked and those that don't know they have been hacked. Among those that know, Yahoo stands out.\u003c/p>\n\u003cp>Over the course of 2016, Yahoo set and then beat its own record for the largest-ever disclosed data breach. Last September, Yahoo reported an incident affecting 500 million accounts that took place in 2014. Then, in December, came the disclosure of the 2013 hack, which was presented as \"likely distinct.\"\u003c/p>\n\u003cp>The 2014 hack was believed to be state-sponsored and later led to \u003ca href=\"https://beta.theglobeandmail.com/news/world/alleged-yahoo-hacker-karim-baratov-pleads-not-guilty-in-us-court/article36071115/\" target=\"_blank\" rel=\"noopener\">a trial of a Canadian hacker\u003c/a> and charges \u003ca href=\"https://www.justice.gov/opa/pr/us-charges-russian-fsb-officers-and-their-criminal-conspirators-hacking-yahoo-and-millions\" target=\"_blank\" rel=\"noopener\">against Russian government agents\u003c/a> — a relatively rare development for crimes of such caliber. But many questions remain about the 2013 hack and its perpetrators; in fact, the company has been unable to identify the intrusion.\u003c/p>\n\u003cp>An internal investigation by Yahoo's board in March found that the company's information security team, senior executives and some legal staff were aware of a state-sponsored hack in 2014, according to a \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517065791/d293630d10k.htm\" target=\"_blank\" rel=\"noopener\">regulatory filing\u003c/a>, that adds:\u003c/p>\n\u003cblockquote>\u003cp>\"It appears certain senior executives did not properly comprehend or investigate, and therefore failed to act sufficiently upon, the full extent of knowledge known internally by the Company's information security team. ... However, the Independent Committee did not conclude that there was an intentional suppression of relevant information.\u003cbr>\n\"Nonetheless, the Committee found that the relevant legal team had sufficient information to warrant substantial further inquiry in 2014, and they did not sufficiently pursue it.\"\u003c/p>\u003c/blockquote>\n\u003cp>Yahoo's then-top lawyer resigned without severance pay as a result, and then-CEO Marissa Mayer lost her 2016 bonus. She \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\" target=\"_blank\" rel=\"noopener\">later left the company\u003c/a> as Yahoo was bought by Verizon.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=U.S.+Indicts+2+Russian+Security+Officials+Over+Yahoo+Hack&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11620766/every-yahoo-account-that-existed-in-mid-2013-was-likely-hacked","authors":["byline_news_11620766"],"programs":["news_6944"],"categories":["news_8","news_248"],"tags":["news_351"],"affiliates":["news_253"],"featImg":"news_11620784","label":"source_news_11620766"},"news_11520254":{"type":"posts","id":"news_11520254","meta":{"index":"posts_1591205157","site":"news","id":"11520254","score":null,"sort":[1497900045000]},"guestAuthors":[],"slug":"is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale","title":"Is There a Place for Idealism in Silicon Valley? A Yahoo Tale","publishDate":1497900045,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{"site":"futureofyou"},"content":"\u003cp>\u003cspan>I worked at Yahoo for just four years, but they were the glory years —\u003cspan> \u003c/span>1996-2000, before Google ate its lunch — and its breakfast and dinner, too. \u003c/span>\u003c/p>\n\u003caside>‘I wanted to remain editorially pure but was nonetheless delighted to cash in my ever-more valuable stock options.'\u003c/aside>\n\u003cp>\u003cspan>Back then, as companies were discovering just how much marketing could be done on the Web, and teens concluded you weren't anyone until you put up your own Sailor Moon fan page (see \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://www.viz.com/sailor-moon\">here\u003c/a>, '90s fans), we intrepid band of early Yahoo employees engaged in a most quixotic quest: organizing and interpreting the online world so the public could make the best use of it.\u003c/span>\u003c/p>\n\u003cp>\u003cspan>We know the rest of the story, which essentially \u003ca target=\"_blank\" rel=\"nofollow\" href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\">ended\u003c/a> last week.(Here's a piece called “\u003ca target=\"_blank\" rel=\"nofollow\" href=\"http://www.bizjournals.com/bizwomen/news/latest-news/2017/06/yahoo-s-12-biggest-mistakes.html\">Yahoo's 12 Biggest mistakes\u003c/a>.” That you have to click through a dozen separate photos to view all 12 says a lot about what's gone wrong on the Web since 1996.)\u003c/span>\u003c/p>\n\u003cp>\u003cspan>But I want to talk about that early team of employees and what happened to them as Yahoo transitioned from promising startup to global media giant, because I think it says something about the natural evolution from idealism to not-so-much in Silicon Valley. \u003c/span>\u003c/p>\n\u003cp>\u003cspan>The department I worked in was called Surfing (that's what it said on my business card), a reference to one of the \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://www.washingtonpost.com/news/the-intersect/wp/2015/01/30/when-did-we-stop-surfing-the-web/?utm_term=.a5ede6c1a9ef\">earliest metaphors\u003c/a> for losing oneself on the web. When I joined, this group made up more than a third of the company. Mostly, we were in charge of creating Yahoo's \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://ww2.kqed.org/news/2014/10/07/yahoo-directory-shutting-down/\">now-defunct\u003c/a> directory of websites, the main “product” Yahoo offered in this pre-Google epoch, when Internet search was primitive.\u003c/span>\u003c/p>\n\u003cfigure>\u003cfigcaption>Adam Brosamer, a Yahoo! surfer, at the office in 2001. \u003ccite>(Thomas Rogers)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cspan>The vast majority of these early \u003ca href=\"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/\" target=\"_blank\" rel=\"nofollow\" id=\"rssmi_more\">Read More ...\u003c/a> \u003c/span>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Source:: \u003ca href=\"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/\" target=\"_blank\" title=\"Is There a Place for Idealism in Silicon Valley? A Yahoo Tale\" rel=\"nofollow\">Future of You\u003c/a>\u003c/p>\n\n","blocks":[],"excerpt":"A look back at Yahoo's earliest days, when an ethos of radical inclusion and free speech drove its popularity.","status":"publish","parent":0,"modified":1497898690,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":9,"wordCount":313},"headData":{"title":"Is There a Place for Idealism in Silicon Valley? A Yahoo Tale | KQED","description":"A look back at Yahoo's earliest days, when an ethos of radical inclusion and free speech drove its popularity.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11520254 https://ww2.kqed.org/news/?p=11520254","disqusUrl":"https://ww2.kqed.org/news/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/","disqusTitle":"Is There a Place for Idealism in Silicon Valley? A Yahoo Tale","redirect":{"type":"external","url":"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/"},"rssmiSourceLink":"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/","path":"/news/11520254/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cspan>I worked at Yahoo for just four years, but they were the glory years —\u003cspan> \u003c/span>1996-2000, before Google ate its lunch — and its breakfast and dinner, too. \u003c/span>\u003c/p>\n\u003caside>‘I wanted to remain editorially pure but was nonetheless delighted to cash in my ever-more valuable stock options.'\u003c/aside>\n\u003cp>\u003cspan>Back then, as companies were discovering just how much marketing could be done on the Web, and teens concluded you weren't anyone until you put up your own Sailor Moon fan page (see \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://www.viz.com/sailor-moon\">here\u003c/a>, '90s fans), we intrepid band of early Yahoo employees engaged in a most quixotic quest: organizing and interpreting the online world so the public could make the best use of it.\u003c/span>\u003c/p>\n\u003cp>\u003cspan>We know the rest of the story, which essentially \u003ca target=\"_blank\" rel=\"nofollow\" href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\">ended\u003c/a> last week.(Here's a piece called “\u003ca target=\"_blank\" rel=\"nofollow\" href=\"http://www.bizjournals.com/bizwomen/news/latest-news/2017/06/yahoo-s-12-biggest-mistakes.html\">Yahoo's 12 Biggest mistakes\u003c/a>.” That you have to click through a dozen separate photos to view all 12 says a lot about what's gone wrong on the Web since 1996.)\u003c/span>\u003c/p>\n\u003cp>\u003cspan>But I want to talk about that early team of employees and what happened to them as Yahoo transitioned from promising startup to global media giant, because I think it says something about the natural evolution from idealism to not-so-much in Silicon Valley. \u003c/span>\u003c/p>\n\u003cp>\u003cspan>The department I worked in was called Surfing (that's what it said on my business card), a reference to one of the \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://www.washingtonpost.com/news/the-intersect/wp/2015/01/30/when-did-we-stop-surfing-the-web/?utm_term=.a5ede6c1a9ef\">earliest metaphors\u003c/a> for losing oneself on the web. When I joined, this group made up more than a third of the company. Mostly, we were in charge of creating Yahoo's \u003ca target=\"_blank\" rel=\"nofollow\" href=\"https://ww2.kqed.org/news/2014/10/07/yahoo-directory-shutting-down/\">now-defunct\u003c/a> directory of websites, the main “product” Yahoo offered in this pre-Google epoch, when Internet search was primitive.\u003c/span>\u003c/p>\n\u003cfigure>\u003cfigcaption>Adam Brosamer, a Yahoo! surfer, at the office in 2001. \u003ccite>(Thomas Rogers)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>\u003cspan>The vast majority of these early \u003ca href=\"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/\" target=\"_blank\" rel=\"nofollow\" id=\"rssmi_more\">Read More ...\u003c/a> \u003c/span>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Source:: \u003ca href=\"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/\" target=\"_blank\" title=\"Is There a Place for Idealism in Silicon Valley? A Yahoo Tale\" rel=\"nofollow\">Future of You\u003c/a>\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"https://ww2.kqed.org/futureofyou/2017/06/19/is-there-a-place-for-idealism-in-silicon-valley-a-yahoo-tale/","authors":["80"],"programs":["news_6944","news_72"],"categories":["news_1758","news_8","news_248"],"tags":["news_351"],"featImg":"news_11520255","label":"news"},"news_11510314":{"type":"posts","id":"news_11510314","meta":{"index":"posts_1591205157","site":"news","id":"11510314","score":null,"sort":[1497718847000]},"guestAuthors":[],"slug":"yahoo-may-be-done-but-its-culture-lives-on","title":"Yahoo! May Be Done, But Its Culture Lives On","publishDate":1497718847,"format":"audio","headTitle":"The California Report | KQED News","labelTerm":{"term":72,"site":"news"},"content":"\u003cp>\u003cspan style=\"font-weight: 400\">One of Silicon Valley’s pioneering internet companies is no more. Yahoo was \u003ca href=\"http://www.cnbc.com/2017/06/13/verizon-completes-yahoo-acquisition-marissa-mayer-resigns.html\">officially bought\u003c/a> by Verizon this week. While the Yahoo brand lives on, it will cease to exist as a stand-alone company. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Yahoo was founded in 1994 by Jerry Yang and David Filo, who met as graduate students at Stanford. That was 23 years ago, which in internet years is more like a century.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“Between 1996 and 2000, Yahoo was it. You hear about Google now, you used to hear about Yahoo,” said Jon Brooks, the 109th employee hired at Yahoo. Today, he edits \u003ca href=\"https://ww2.kqed.org/futureofyou/\">KQED’s science blog\u003c/a>.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Back then, the internet was new to regular folks and it was almost impossible to find websites -- until Yahoo came along. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“Our mission was to classify the entire web,” Brooks said. \u003c/span>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Yahoo’s strategy was to compile a list of the world’s most interesting sites. And then organize them into directory of categories, sort of how Craigslist is organized. Unlike Google, which uses computing algorithms to scour the web and assess the quality and relevancy of the sites, Yahoo employed humans to do the task by hand. \u003c/span>\u003c/p>\n\u003caside class=\"pullquote alignright\">'When I think about Yahoo’s place in history, I really think about it as the founding internet company.'\u003cbr>\n\u003ccite>Jennifer Dulski, former Yahoo employee\u003c/cite>\u003c/aside>\n\u003cp>\u003cspan style=\"font-weight: 400\">The way it worked, people would submit their websites to Yahoo.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“And they would come to the \u003ca href=\"https://www.nytimes.com/2016/07/17/technology/when-yahoo-ruled-the-valley-stories-of-the-original-surfers.html\">surfers\u003c/a>,” Brooks said. “That was on my business card, ‘surfer.’ ”\u003c/span>\u003c/p>\n\u003cp>The web surfer would punch in the url.\u003c/p>\n\u003cp>“Half the time, it was a web designer or someone’s personal \u003ca href=\"https://techcrunch.com/2009/04/23/yahoo-quietly-pulls-the-plug-on-geocities/\">GeoCities\u003c/a> page devoted, you know, to anime,” Brooks said.\u003c/p>\n\u003cp>The surfers, many of them former librarians, would determine whether the site was worthy of being on Yahoo's directory. The process could be long and messy. Brooks remembers week-long fights among surfers about how to categorize, say, medieval art.\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“It was human intelligence versus computer intelligence, which sounds absolutely ludicrous today,” Brooks said. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">As more websites came online, the directory would get bigger and more confusing, Brooks said. And then Google came along, which basically made Yahoo’s directory irrelevant. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Despite that, Brooks said Yahoo helped establish an enduring web ethos: that anyone should be free to express themselves.\u003c/span>\u003c/p>\n\u003cp>“I mean we had a sexuality category that had accounted for every fetish under the sun, but it wasn’t even considered that we wouldn’t categorize that,” said Brooks.\u003c/p>\n\u003cp>Yahoo helped define the web culture, said \u003ca href=\"https://www.change.org/u/jdulski\">Jennifer Dulski\u003c/a>. She was employee 471 at Yahoo. Today she’s the president of \u003ca href=\"https://www.change.org/\">Change.org\u003c/a>.\u003c/p>\n\u003cp>“When I think about Yahoo’s place in history, I really think about it as the founding internet company,” Dulski said.\u003c/p>\n\u003cp>Dulski joined the company in 1999 and helped launch the internet company's TV ads, which always ended with a yodel.\u003c/p>\n\u003cp>https://youtu.be/24DUB3OpoEM\u003c/p>\n\u003cp>Dulski said that yodel, along with its quirky name, branded Yahoo as a portal to this magical place.\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“When you look at the tech companies that exist today, many of them have taken the things Yahoo brought in the first place,” Dulski said.\u003cbr>\n\u003c/span>\u003c/p>\n\u003cp>It set the precedent for quirky names like Google and Snapchat. Plus Yahoo brought that sense of fun -- think office foosball or pingpong tables -- into the workplace, \u003cspan style=\"font-weight: 400\"> Dulski said\u003c/span>.\u003c/p>\n\u003cp>“I mean the work environment was everything that the Valley has become today,” Dulski said. “It reinvented a way of thinking about corporate culture and the idea that you could have a brand and a company that was not just a business but something that was fun.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Despite its groundbreaking status, Yahoo was slow to respond to the rise of Google and the shift to mobile. After more than a decade of trying to recapture its status, Yahoo was sold to Verizon for $4.5 billion. Verizon plans to \u003ca href=\"https://www.nytimes.com/2017/06/08/technology/verizon-yahoo-deal-layoffs.html\">lay off about 2,000 workers\u003c/a> at Yahoo and its other sites. \u003c/span>\u003c/p>\n\n","blocks":[],"excerpt":"Remembering the early days of Yahoo, as its sale to Verizon is finalized, and the brand gets folded into the larger company.","status":"publish","parent":0,"modified":1497661554,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":25,"wordCount":685},"headData":{"title":"Yahoo! May Be Done, But Its Culture Lives On | KQED","description":"Remembering the early days of Yahoo, as its sale to Verizon is finalized, and the brand gets folded into the larger company.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11510314 https://ww2.kqed.org/news/?p=11510314","disqusUrl":"https://ww2.kqed.org/news/2017/06/17/yahoo-may-be-done-but-its-culture-lives-on/","disqusTitle":"Yahoo! May Be Done, But Its Culture Lives On","audioUrl":"http://www.kqed.org/.stream/anon/radio/RDnews/2017/06/20170614YahooVerizonDealQueena.mp3","guestFields":"0","path":"/news/11510314/yahoo-may-be-done-but-its-culture-lives-on","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cspan style=\"font-weight: 400\">One of Silicon Valley’s pioneering internet companies is no more. Yahoo was \u003ca href=\"http://www.cnbc.com/2017/06/13/verizon-completes-yahoo-acquisition-marissa-mayer-resigns.html\">officially bought\u003c/a> by Verizon this week. While the Yahoo brand lives on, it will cease to exist as a stand-alone company. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Yahoo was founded in 1994 by Jerry Yang and David Filo, who met as graduate students at Stanford. That was 23 years ago, which in internet years is more like a century.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“Between 1996 and 2000, Yahoo was it. You hear about Google now, you used to hear about Yahoo,” said Jon Brooks, the 109th employee hired at Yahoo. Today, he edits \u003ca href=\"https://ww2.kqed.org/futureofyou/\">KQED’s science blog\u003c/a>.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Back then, the internet was new to regular folks and it was almost impossible to find websites -- until Yahoo came along. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“Our mission was to classify the entire web,” Brooks said. \u003c/span>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Yahoo’s strategy was to compile a list of the world’s most interesting sites. And then organize them into directory of categories, sort of how Craigslist is organized. Unlike Google, which uses computing algorithms to scour the web and assess the quality and relevancy of the sites, Yahoo employed humans to do the task by hand. \u003c/span>\u003c/p>\n\u003caside class=\"pullquote alignright\">'When I think about Yahoo’s place in history, I really think about it as the founding internet company.'\u003cbr>\n\u003ccite>Jennifer Dulski, former Yahoo employee\u003c/cite>\u003c/aside>\n\u003cp>\u003cspan style=\"font-weight: 400\">The way it worked, people would submit their websites to Yahoo.\u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“And they would come to the \u003ca href=\"https://www.nytimes.com/2016/07/17/technology/when-yahoo-ruled-the-valley-stories-of-the-original-surfers.html\">surfers\u003c/a>,” Brooks said. “That was on my business card, ‘surfer.’ ”\u003c/span>\u003c/p>\n\u003cp>The web surfer would punch in the url.\u003c/p>\n\u003cp>“Half the time, it was a web designer or someone’s personal \u003ca href=\"https://techcrunch.com/2009/04/23/yahoo-quietly-pulls-the-plug-on-geocities/\">GeoCities\u003c/a> page devoted, you know, to anime,” Brooks said.\u003c/p>\n\u003cp>The surfers, many of them former librarians, would determine whether the site was worthy of being on Yahoo's directory. The process could be long and messy. Brooks remembers week-long fights among surfers about how to categorize, say, medieval art.\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“It was human intelligence versus computer intelligence, which sounds absolutely ludicrous today,” Brooks said. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">As more websites came online, the directory would get bigger and more confusing, Brooks said. And then Google came along, which basically made Yahoo’s directory irrelevant. \u003c/span>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Despite that, Brooks said Yahoo helped establish an enduring web ethos: that anyone should be free to express themselves.\u003c/span>\u003c/p>\n\u003cp>“I mean we had a sexuality category that had accounted for every fetish under the sun, but it wasn’t even considered that we wouldn’t categorize that,” said Brooks.\u003c/p>\n\u003cp>Yahoo helped define the web culture, said \u003ca href=\"https://www.change.org/u/jdulski\">Jennifer Dulski\u003c/a>. She was employee 471 at Yahoo. Today she’s the president of \u003ca href=\"https://www.change.org/\">Change.org\u003c/a>.\u003c/p>\n\u003cp>“When I think about Yahoo’s place in history, I really think about it as the founding internet company,” Dulski said.\u003c/p>\n\u003cp>Dulski joined the company in 1999 and helped launch the internet company's TV ads, which always ended with a yodel.\u003c/p>\u003c/p>\u003cp>\u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutube'>\n \u003cspan class='utils-parseShortcode-shortcodes-__youtubeShortcode__embedYoutubeInside'>\n \u003ciframe\n loading='lazy'\n class='utils-parseShortcode-shortcodes-__youtubeShortcode__youtubePlayer'\n type='text/html'\n src='//www.youtube.com/embed/24DUB3OpoEM'\n title='//www.youtube.com/embed/24DUB3OpoEM'\n allowfullscreen='true'\n style='border:0;'>\u003c/iframe>\n \u003c/span>\n \u003c/span>\u003c/p>\u003cp>\u003cp>Dulski said that yodel, along with its quirky name, branded Yahoo as a portal to this magical place.\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">“When you look at the tech companies that exist today, many of them have taken the things Yahoo brought in the first place,” Dulski said.\u003cbr>\n\u003c/span>\u003c/p>\n\u003cp>It set the precedent for quirky names like Google and Snapchat. Plus Yahoo brought that sense of fun -- think office foosball or pingpong tables -- into the workplace, \u003cspan style=\"font-weight: 400\"> Dulski said\u003c/span>.\u003c/p>\n\u003cp>“I mean the work environment was everything that the Valley has become today,” Dulski said. “It reinvented a way of thinking about corporate culture and the idea that you could have a brand and a company that was not just a business but something that was fun.”\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003cspan style=\"font-weight: 400\">Despite its groundbreaking status, Yahoo was slow to respond to the rise of Google and the shift to mobile. After more than a decade of trying to recapture its status, Yahoo was sold to Verizon for $4.5 billion. Verizon plans to \u003ca href=\"https://www.nytimes.com/2017/06/08/technology/verizon-yahoo-deal-layoffs.html\">lay off about 2,000 workers\u003c/a> at Yahoo and its other sites. \u003c/span>\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11510314/yahoo-may-be-done-but-its-culture-lives-on","authors":["11099"],"programs":["news_6944","news_72"],"categories":["news_1758","news_8","news_248"],"tags":["news_17611","news_351"],"featImg":"news_11510318","label":"news_72"},"news_11508210":{"type":"posts","id":"news_11508210","meta":{"index":"posts_1591205157","site":"news","id":"11508210","score":null,"sort":[1497384104000]},"guestAuthors":[],"slug":"verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns","title":"Verizon Closes the Yahoo Deal; Yahoo CEO Marissa Mayer Resigns","publishDate":1497384104,"format":"standard","headTitle":"News Fix | KQED News","labelTerm":{},"content":"\u003cp>\u003cstrong>Updated at 3:12 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>The first sentence of Yahoo's Wikipedia page now reads, \"Yahoo! Inc. was an American multinational technology company.\"\u003c/p>\n\u003cp>Yahoo's internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition.\u003c/p>\n\u003cp>And Marissa Mayer officially became Yahoo's last CEO. She is expected to receive a compensation package of more than $23 million as she exits the company, according to \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517079185/d206374dprer14a.htm\" target=\"_blank\" rel=\"noopener noreferrer\">a regulatory filing\u003c/a>.\u003c/p>\n\u003cp>Although Mayer's fate under Verizon was uncertain, her resignation was a frequently predicted outcome. The country's largest wireless carrier got Yahoo and its more than 1 billion monthly users at a bargain price following years of turmoil at the internet provider — high CEO turnover and uncertain direction, culminating in the disclosure (while the merger was pending) of \u003ca href=\"https://ww2.kqed.org/news/2017/02/16/yahoo-warns-more-users-their-private-info-may-have-been-stolen/\" target=\"_blank\" rel=\"noopener noreferrer\">massive data breaches\u003c/a> that happened under Mayer.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>[contextly_sidebar id=\"KtSKfXnjJHiLUeL6kDgvbD5RX7lxNOPC\"]After the disclosure of the hacks, Verizon lowered its bid for Yahoo to $4.5 billion from $4.8 billion. (Yahoo's biggest value is in its stakes in the Chinese online retail giant Alibaba and in Yahoo Japan, which will remain separate under a new brand called Altaba.)\u003c/p>\n\u003cp>Taking over for Mayer will be former AOL CEO Tim Armstrong. Verizon has placed him at the helm of a new digital subsidiary, called Oath, that will house Yahoo's brands together with the previously acquired AOL brands. These include HuffPost, TechCrunch, Yahoo Sports, Yahoo Finance, Yahoo Mail, Flickr and Tumblr, among others.\u003c/p>\n\u003cp>\"Given the inherent changes to my role, I'll be leaving the company,\" Mayer wrote in a \u003ca href=\"https://marissamayr.tumblr.com/post/161775943139/nostalgia-gratitude-optimism\" target=\"_blank\" rel=\"noopener noreferrer\">post on Tumblr\u003c/a> on Tuesday, titled \"Nostalgia, Gratitude & Optimism.\" In it, Mayer thanks Yahoo employees and lists various accomplishments in which she says Yahoo's team \"rebuilt, reinvented, strengthened, and modernized\" the company and its products.\u003c/p>\n\u003cp>\"Looking back on my time at Yahoo, we have confronted seemingly insurmountable business challenges, along with many surprise twists and turns,\" Mayer wrote, signing off with: \"Yaho-o-oo! Marissa\"\u003c/p>\n\u003cp>Verizon and Oath confirmed Mayer's departure in the last paragraph of Tuesday's \u003ca href=\"http://www.verizon.com/about/news/verizon-completes-yahoo-acquisition-creating-diverse-house-50-brands-under-new-oath-subsidiary\" target=\"_blank\" rel=\"noopener noreferrer\">press release\u003c/a> about the deal, ending with: \"Verizon wishes Mayer well in her future endeavors.\"\u003c/p>\n\u003cp>The purchase of Yahoo's core internet business is part of Verizon's ongoing play to sprawl its digital-media presence and break into the digital-advertising market, where it could become a No. 3 to the dominant duo of Google and Facebook.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"Now that the deal is closed, we are excited to set our focus on being the best company for consumer media, and the best partner to our advertising, content and publisher partners,\" Armstrong said in a statement.\u003c/p>\n\u003cdiv class=\"fullattribution\">\u003cem>Copyright 2017 \u003ca href=\"http://www.npr.org\" target=\"_blank\" rel=\"noopener noreferrer\">NPR\u003c/a>. \u003c/em>\u003c/div>\n\n","blocks":[],"excerpt":"Verizon has completed its $4.5 billion acquisition of Yahoo, folding it and AOL into a digital media subsidiary called Oath. ","status":"publish","parent":0,"modified":1497390124,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":14,"wordCount":448},"headData":{"title":"Verizon Closes the Yahoo Deal; Yahoo CEO Marissa Mayer Resigns | KQED","description":"Verizon has completed its $4.5 billion acquisition of Yahoo, folding it and AOL into a digital media subsidiary called Oath. ","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11508210 https://ww2.kqed.org/news/?p=11508210","disqusUrl":"https://ww2.kqed.org/news/2017/06/13/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns/","disqusTitle":"Verizon Closes the Yahoo Deal; Yahoo CEO Marissa Mayer Resigns","source":"NPR","sourceUrl":"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns","nprImageCredit":"Julie Jacobson","nprByline":"Alina Selyukh \u003cbr>\u003cstrong>\u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns\">NPR\u003c/strong>\u003c/a>","nprImageAgency":"AP","nprStoryId":"532772877","nprApiLink":"http://api.npr.org/query?id=532772877&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"http://www.npr.org/sections/thetwo-way/2017/06/13/532772877/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns?ft=nprml&f=532772877","nprRetrievedStory":"1","nprPubDate":"Tue, 13 Jun 2017 15:13:00 -0400","nprStoryDate":"Tue, 13 Jun 2017 13:47:00 -0400","nprLastModifiedDate":"Tue, 13 Jun 2017 15:13:20 -0400","path":"/news/11508210/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003cstrong>Updated at 3:12 p.m. ET\u003c/strong>\u003c/p>\n\u003cp>The first sentence of Yahoo's Wikipedia page now reads, \"Yahoo! Inc. was an American multinational technology company.\"\u003c/p>\n\u003cp>Yahoo's internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition.\u003c/p>\n\u003cp>And Marissa Mayer officially became Yahoo's last CEO. She is expected to receive a compensation package of more than $23 million as she exits the company, according to \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517079185/d206374dprer14a.htm\" target=\"_blank\" rel=\"noopener noreferrer\">a regulatory filing\u003c/a>.\u003c/p>\n\u003cp>Although Mayer's fate under Verizon was uncertain, her resignation was a frequently predicted outcome. The country's largest wireless carrier got Yahoo and its more than 1 billion monthly users at a bargain price following years of turmoil at the internet provider — high CEO turnover and uncertain direction, culminating in the disclosure (while the merger was pending) of \u003ca href=\"https://ww2.kqed.org/news/2017/02/16/yahoo-warns-more-users-their-private-info-may-have-been-stolen/\" target=\"_blank\" rel=\"noopener noreferrer\">massive data breaches\u003c/a> that happened under Mayer.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003c/p>\u003cp>After the disclosure of the hacks, Verizon lowered its bid for Yahoo to $4.5 billion from $4.8 billion. (Yahoo's biggest value is in its stakes in the Chinese online retail giant Alibaba and in Yahoo Japan, which will remain separate under a new brand called Altaba.)\u003c/p>\n\u003cp>Taking over for Mayer will be former AOL CEO Tim Armstrong. Verizon has placed him at the helm of a new digital subsidiary, called Oath, that will house Yahoo's brands together with the previously acquired AOL brands. These include HuffPost, TechCrunch, Yahoo Sports, Yahoo Finance, Yahoo Mail, Flickr and Tumblr, among others.\u003c/p>\n\u003cp>\"Given the inherent changes to my role, I'll be leaving the company,\" Mayer wrote in a \u003ca href=\"https://marissamayr.tumblr.com/post/161775943139/nostalgia-gratitude-optimism\" target=\"_blank\" rel=\"noopener noreferrer\">post on Tumblr\u003c/a> on Tuesday, titled \"Nostalgia, Gratitude & Optimism.\" In it, Mayer thanks Yahoo employees and lists various accomplishments in which she says Yahoo's team \"rebuilt, reinvented, strengthened, and modernized\" the company and its products.\u003c/p>\n\u003cp>\"Looking back on my time at Yahoo, we have confronted seemingly insurmountable business challenges, along with many surprise twists and turns,\" Mayer wrote, signing off with: \"Yaho-o-oo! Marissa\"\u003c/p>\n\u003cp>Verizon and Oath confirmed Mayer's departure in the last paragraph of Tuesday's \u003ca href=\"http://www.verizon.com/about/news/verizon-completes-yahoo-acquisition-creating-diverse-house-50-brands-under-new-oath-subsidiary\" target=\"_blank\" rel=\"noopener noreferrer\">press release\u003c/a> about the deal, ending with: \"Verizon wishes Mayer well in her future endeavors.\"\u003c/p>\n\u003cp>The purchase of Yahoo's core internet business is part of Verizon's ongoing play to sprawl its digital-media presence and break into the digital-advertising market, where it could become a No. 3 to the dominant duo of Google and Facebook.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\"Now that the deal is closed, we are excited to set our focus on being the best company for consumer media, and the best partner to our advertising, content and publisher partners,\" Armstrong said in a statement.\u003c/p>\n\u003cdiv class=\"fullattribution\">\u003cem>Copyright 2017 \u003ca href=\"http://www.npr.org\" target=\"_blank\" rel=\"noopener noreferrer\">NPR\u003c/a>. \u003c/em>\u003c/div>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11508210/verizon-closes-the-yahoo-deal-yahoo-ceo-marissa-mayer-resigns","authors":["byline_news_11508210"],"programs":["news_6944"],"categories":["news_8","news_248"],"tags":["news_2756","news_20294","news_351"],"affiliates":["news_253"],"featImg":"news_11508275","label":"source_news_11508210"},"news_11360626":{"type":"posts","id":"news_11360626","meta":{"index":"posts_1591205157","site":"news","id":"11360626","score":null,"sort":[1489599792000]},"guestAuthors":[],"slug":"u-s-indicts-2-russian-security-officials-over-yahoo-hack","title":"U.S. Indicts 2 Russian Security Officials Over Yahoo Hack","publishDate":1489599792,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{},"content":"\u003cp>The Justice Department has announced charges against four people, including two Russian security officials, over cybercrimes linked to a massive hack of millions of Yahoo user accounts.\u003c/p>\n\u003cp>Two of the defendants — Dmitry Dokuchaev and his superior, Igor Sushchin — are officers of the Russian Federal Security Service, or FSB. According to court documents, they hired two criminal hackers, Alexsey Belan and Karim Baratov, to access information that has intelligence value. Belan also allegedly used the information obtained for his personal financial gain.\u003c/p>\n\u003cp>\"The criminal conduct at issue, carried out and otherwise facilitated by officers from an FSB unit that serves as the FBI's point of contact in Moscow on cybercrime matters, is beyond the pale,\" Acting Assistant Attorney General \u003ca href=\"https://www.justice.gov/opa/pr/us-charges-russian-fsb-officers-and-their-criminal-conspirators-hacking-yahoo-and-millions\">Mary McCord said\u003c/a>.\u003c/p>\n\u003cp>Yesterday, Baratov was arrested in Canada. NPR's Greg Myre reports that the U.S. plans to seek his extradition, and that three other defendants are in Russia, which has no extradition treaty with the U.S.\u003c/p>\n\u003cp>The massive hack against at least 500 million Yahoo user accounts happened in 2014. The company \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">publicly acknowledged\u003c/a> the breach last September, saying at the time that a \"state-sponsored actor\" may have been responsible, without naming any foreign government. This prompted an investigation by U.S. authorities.\u003c/p>\n\u003cfigure id=\"attachment_11360628\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003cimg class=\"size-large wp-image-11360628\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2017/03/twoposters_custom-a2bf3ff107b1dd0e1b9f738713bb1b4506df24d4-1020x679.png\" alt='Both Alexsey Belan (L) and Dmitry Dokuchaev (R) were included in the series of \"wanted\" posters for Russians accused of cyber crimes Wednesday.' width=\"640\" height=\"426\">\u003cfigcaption class=\"wp-caption-text\">Both Alexsey Belan (L) and Dmitry Dokuchaev (R) were included in the series of \"wanted\" posters for Russians accused of cybercrimes Wednesday. \u003ccite>(Courtesy of FBI)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Months later, Yahoo revealed an even larger hacking incident impacting more than 1 billion accounts that occurred in 2013, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/02/16/515568599/yahoo-warns-more-users-that-their-private-information-may-have-been-stolen\">as we reported\u003c/a>. It's not clear whether the two breaches are related. The company has also indicated in regulatory filings that forged cookies might have been used to access user accounts.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Today's charges are also distinct from the \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/01/06/508568241/putin-ordered-influence-campaign-to-help-trump-u-s-intelligence-report-says\">U.S. intelligence community's conclusion\u003c/a> that Russia launched an \"influence campaign\" in order to help President Trump win the election.\u003c/p>\n\u003cp>Federal officials have also recently charged individuals from China and Iran over hacking allegations.\u003c/p>\n\u003cp>As \u003ca href=\"http://www.npr.org/2016/10/04/496452974/doj-national-security-chief-not-afraid-to-impose-consequences-on-hackers\">NPR's Carrie Johnson reported\u003c/a>, in 2014 the Department of Justice \"charged five uniformed members of Unit 61398 of the People's Liberation Army of China with stealing secrets from American business competitors.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Last year, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/03/24/471731469/u-s-indicts-7-iranians-accused-of-hacking-u-s-financial-institutions\">federal officials indicted\u003c/a> seven hackers with links to the Iranian government for cyberattacks. \"Court papers said the intruders attacked the web sites of dozens of major U.S. banks and breached controls at a dam in Rye, N.Y., raising alarms about safeguards in American infrastructure,\" Carrie wrote.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=U.S.+Indicts+2+Russian+Security+Officials+Over+Yahoo+Hack&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n","blocks":[],"excerpt":"The defendants were indicted along with two criminal hackers over a 2014 breach involving at least 500 million Yahoo accounts.","status":"publish","parent":0,"modified":1489625669,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":12,"wordCount":425},"headData":{"title":"U.S. Indicts 2 Russian Security Officials Over Yahoo Hack | KQED","description":"The defendants were indicted along with two criminal hackers over a 2014 breach involving at least 500 million Yahoo accounts.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11360626 https://ww2.kqed.org/news/?p=11360626","disqusUrl":"https://ww2.kqed.org/news/2017/03/15/u-s-indicts-2-russian-security-officials-over-yahoo-hack/","disqusTitle":"U.S. Indicts 2 Russian Security Officials Over Yahoo Hack","source":"NPR","nprByline":"\u003cstrong>Merrit Kennedy\u003cbr>NPR\u003c/strong>","nprImageAgency":"Courtesy of FBI","nprStoryId":"520258402","nprApiLink":"http://api.npr.org/query?id=520258402&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"http://www.npr.org/sections/thetwo-way/2017/03/15/520258402/u-s-indicts-2-russian-security-officials-over-yahoo-hack?ft=nprml&f=520258402","nprRetrievedStory":"1","nprPubDate":"Wed, 15 Mar 2017 13:09:00 -0400","nprStoryDate":"Wed, 15 Mar 2017 12:44:00 -0400","nprLastModifiedDate":"Wed, 15 Mar 2017 13:09:30 -0400","path":"/news/11360626/u-s-indicts-2-russian-security-officials-over-yahoo-hack","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>The Justice Department has announced charges against four people, including two Russian security officials, over cybercrimes linked to a massive hack of millions of Yahoo user accounts.\u003c/p>\n\u003cp>Two of the defendants — Dmitry Dokuchaev and his superior, Igor Sushchin — are officers of the Russian Federal Security Service, or FSB. According to court documents, they hired two criminal hackers, Alexsey Belan and Karim Baratov, to access information that has intelligence value. Belan also allegedly used the information obtained for his personal financial gain.\u003c/p>\n\u003cp>\"The criminal conduct at issue, carried out and otherwise facilitated by officers from an FSB unit that serves as the FBI's point of contact in Moscow on cybercrime matters, is beyond the pale,\" Acting Assistant Attorney General \u003ca href=\"https://www.justice.gov/opa/pr/us-charges-russian-fsb-officers-and-their-criminal-conspirators-hacking-yahoo-and-millions\">Mary McCord said\u003c/a>.\u003c/p>\n\u003cp>Yesterday, Baratov was arrested in Canada. NPR's Greg Myre reports that the U.S. plans to seek his extradition, and that three other defendants are in Russia, which has no extradition treaty with the U.S.\u003c/p>\n\u003cp>The massive hack against at least 500 million Yahoo user accounts happened in 2014. The company \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">publicly acknowledged\u003c/a> the breach last September, saying at the time that a \"state-sponsored actor\" may have been responsible, without naming any foreign government. This prompted an investigation by U.S. authorities.\u003c/p>\n\u003cfigure id=\"attachment_11360628\" class=\"wp-caption aligncenter\" style=\"max-width: 640px\">\u003cimg class=\"size-large wp-image-11360628\" src=\"https://ww2.kqed.org/news/wp-content/uploads/sites/10/2017/03/twoposters_custom-a2bf3ff107b1dd0e1b9f738713bb1b4506df24d4-1020x679.png\" alt='Both Alexsey Belan (L) and Dmitry Dokuchaev (R) were included in the series of \"wanted\" posters for Russians accused of cyber crimes Wednesday.' width=\"640\" height=\"426\">\u003cfigcaption class=\"wp-caption-text\">Both Alexsey Belan (L) and Dmitry Dokuchaev (R) were included in the series of \"wanted\" posters for Russians accused of cybercrimes Wednesday. \u003ccite>(Courtesy of FBI)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Months later, Yahoo revealed an even larger hacking incident impacting more than 1 billion accounts that occurred in 2013, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/02/16/515568599/yahoo-warns-more-users-that-their-private-information-may-have-been-stolen\">as we reported\u003c/a>. It's not clear whether the two breaches are related. The company has also indicated in regulatory filings that forged cookies might have been used to access user accounts.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Today's charges are also distinct from the \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/01/06/508568241/putin-ordered-influence-campaign-to-help-trump-u-s-intelligence-report-says\">U.S. intelligence community's conclusion\u003c/a> that Russia launched an \"influence campaign\" in order to help President Trump win the election.\u003c/p>\n\u003cp>Federal officials have also recently charged individuals from China and Iran over hacking allegations.\u003c/p>\n\u003cp>As \u003ca href=\"http://www.npr.org/2016/10/04/496452974/doj-national-security-chief-not-afraid-to-impose-consequences-on-hackers\">NPR's Carrie Johnson reported\u003c/a>, in 2014 the Department of Justice \"charged five uniformed members of Unit 61398 of the People's Liberation Army of China with stealing secrets from American business competitors.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Last year, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/03/24/471731469/u-s-indicts-7-iranians-accused-of-hacking-u-s-financial-institutions\">federal officials indicted\u003c/a> seven hackers with links to the Iranian government for cyberattacks. \"Court papers said the intruders attacked the web sites of dozens of major U.S. banks and breached controls at a dam in Rye, N.Y., raising alarms about safeguards in American infrastructure,\" Carrie wrote.\u003c/p>\n\u003cdiv class=\"fullattribution\">Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"https://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=U.S.+Indicts+2+Russian+Security+Officials+Over+Yahoo+Hack&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11360626/u-s-indicts-2-russian-security-officials-over-yahoo-hack","authors":["byline_news_11360626"],"programs":["news_6944","news_72"],"categories":["news_6188","news_8","news_248"],"tags":["news_425","news_20279","news_351"],"featImg":"news_11360627","label":"source_news_11360626"},"news_11341109":{"type":"posts","id":"news_11341109","meta":{"index":"posts_1591205157","site":"news","id":"11341109","score":null,"sort":[1488481535000]},"guestAuthors":[],"slug":"yahoo-ceo-marissa-mayer-loses-bonus-stock-award-over-security-breach","title":"Yahoo CEO Marissa Mayer Loses Bonus, Stock Award Over Security Breach","publishDate":1488481535,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{},"content":"\u003cp>CEO Marissa Mayer will not be paid her annual bonus, and will not receive a stock award after a Yahoo Inc. investigation found that two \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/02/16/515568599/yahoo-warns-more-users-that-their-private-information-may-have-been-stolen\">security breaches\u003c/a> at the company were mishandled by senior executives.\u003c/p>\n\u003cp>The probe by an independent board found that Yahoo senior executives failed to \"properly comprehend or investigate\" a 2014 security breach.\u003c/p>\n\u003cp>In that breach, hackers penetrated Yahoo's network and stole personal data from users.\u003c/p>\n\u003cp>Another breach in 2013 was much larger and affected more than a billion accounts.\u003c/p>\n\u003cp>The board ordered Yahoo to increase its cybersecurity measures.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>In addition to the action against CEO Mayer, the company's general counsel resigned without severance pay for his department's response to the security lapses.\u003c/p>\n\u003cp>Yahoo's top security officer at the time of the 2014 breach left the company in 2015.\u003c/p>\n\u003cp>The Associated Press reports the breaches have exacted a major toll:\u003c/p>\n\u003cblockquote>\u003cp>\"Yahoo already lowered the sales price of its email and other digital services to Verizon Communications from $4.83 billion to $4.48 billion to account for the potential backlash from the breaches. That deal was reached last July, two months before Verizon and the rest of the world learned about Yahoo's lax security.\u003c/p>\n\u003cp>\"More than 40 lawsuits also have been filed seeking damages for the breaches. If Yahoo's sale to Verizon is completed as expected later this year, a successor company called Altaba Inc. will be responsible for paying those legal claims.\u003c/p>\n\u003cp>\"Yahoo's handling and disclosure of the breaches is also under investigation by the Securities and Exchange Commission and the Federal Trade Commission. The Sunnyvale, California, company says it has spent $16 million investigating the breaches and covering the legal expenses so far.\"\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>In \u003ca href=\"http://marissamayr.tumblr.com/post/157876672644/update-on-yahoos-security-incident\">a blog post\u003c/a> on Wednesday, CEO Mayer took responsibility for the lapse in security.\u003c/p>\n\u003cblockquote>\u003cp>\"When I learned in September 2016 that a large number of our user database files had been stolen, I worked with the team to disclose the incident to users, regulators, and government agencies.\u003c/p>\n\u003cp>\"However, I am the CEO of the company and since this incident happened during my tenure, I have agreed to forgo my annual bonus and my annual equity grant this year and have expressed my desire that my bonus be redistributed to our company's hardworking employees, who contributed so much to Yahoo's success in 2016.\"\u003c/p>\u003c/blockquote>\n\u003cdiv class=\"fullattribution\">Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Yahoo+CEO+Marissa+Mayer+Loses+Bonus+And+Stock+Award+Over+Security+Breach&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n","blocks":[],"excerpt":"A probe by an independent board found that Yahoo senior executives failed to 'properly comprehend or investigate' a 2014 security breach. There was a separate breach in 2013.","status":"publish","parent":0,"modified":1488497166,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":16,"wordCount":403},"headData":{"title":"Yahoo CEO Marissa Mayer Loses Bonus, Stock Award Over Security Breach | KQED","description":"A probe by an independent board found that Yahoo senior executives failed to 'properly comprehend or investigate' a 2014 security breach. There was a separate breach in 2013.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11341109 https://ww2.kqed.org/news/?p=11341109","disqusUrl":"https://ww2.kqed.org/news/2017/03/02/yahoo-ceo-marissa-mayer-loses-bonus-stock-award-over-security-breach/","disqusTitle":"Yahoo CEO Marissa Mayer Loses Bonus, Stock Award Over Security Breach","source":"NPR","sourceUrl":"http://www.npr.org/","nprImageCredit":"Eric Risberg","nprByline":"Doreen McCallister","nprImageAgency":"AP","nprStoryId":"518089196","nprApiLink":"http://api.npr.org/query?id=518089196&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"http://www.npr.org/sections/thetwo-way/2017/03/02/518089196/yahoo-ceo-marissa-mayer-loses-bonus-and-stock-award-over-security-breach?ft=nprml&f=518089196","nprRetrievedStory":"1","nprPubDate":"Thu, 02 Mar 2017 05:10:00 -0500","nprStoryDate":"Thu, 02 Mar 2017 05:10:00 -0500","nprLastModifiedDate":"Thu, 02 Mar 2017 05:10:29 -0500","path":"/news/11341109/yahoo-ceo-marissa-mayer-loses-bonus-stock-award-over-security-breach","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>CEO Marissa Mayer will not be paid her annual bonus, and will not receive a stock award after a Yahoo Inc. investigation found that two \u003ca href=\"http://www.npr.org/sections/thetwo-way/2017/02/16/515568599/yahoo-warns-more-users-that-their-private-information-may-have-been-stolen\">security breaches\u003c/a> at the company were mishandled by senior executives.\u003c/p>\n\u003cp>The probe by an independent board found that Yahoo senior executives failed to \"properly comprehend or investigate\" a 2014 security breach.\u003c/p>\n\u003cp>In that breach, hackers penetrated Yahoo's network and stole personal data from users.\u003c/p>\n\u003cp>Another breach in 2013 was much larger and affected more than a billion accounts.\u003c/p>\n\u003cp>The board ordered Yahoo to increase its cybersecurity measures.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In addition to the action against CEO Mayer, the company's general counsel resigned without severance pay for his department's response to the security lapses.\u003c/p>\n\u003cp>Yahoo's top security officer at the time of the 2014 breach left the company in 2015.\u003c/p>\n\u003cp>The Associated Press reports the breaches have exacted a major toll:\u003c/p>\n\u003cblockquote>\u003cp>\"Yahoo already lowered the sales price of its email and other digital services to Verizon Communications from $4.83 billion to $4.48 billion to account for the potential backlash from the breaches. That deal was reached last July, two months before Verizon and the rest of the world learned about Yahoo's lax security.\u003c/p>\n\u003cp>\"More than 40 lawsuits also have been filed seeking damages for the breaches. If Yahoo's sale to Verizon is completed as expected later this year, a successor company called Altaba Inc. will be responsible for paying those legal claims.\u003c/p>\n\u003cp>\"Yahoo's handling and disclosure of the breaches is also under investigation by the Securities and Exchange Commission and the Federal Trade Commission. The Sunnyvale, California, company says it has spent $16 million investigating the breaches and covering the legal expenses so far.\"\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\n\u003cp>In \u003ca href=\"http://marissamayr.tumblr.com/post/157876672644/update-on-yahoos-security-incident\">a blog post\u003c/a> on Wednesday, CEO Mayer took responsibility for the lapse in security.\u003c/p>\n\u003cblockquote>\u003cp>\"When I learned in September 2016 that a large number of our user database files had been stolen, I worked with the team to disclose the incident to users, regulators, and government agencies.\u003c/p>\n\u003cp>\"However, I am the CEO of the company and since this incident happened during my tenure, I have agreed to forgo my annual bonus and my annual equity grant this year and have expressed my desire that my bonus be redistributed to our company's hardworking employees, who contributed so much to Yahoo's success in 2016.\"\u003c/p>\u003c/blockquote>\n\u003cdiv class=\"fullattribution\">Copyright 2017 NPR. To see more, visit http://www.npr.org/.\u003cimg src=\"http://www.google-analytics.com/__utm.gif?utmac=UA-5828686-4&utmdt=Yahoo+CEO+Marissa+Mayer+Loses+Bonus+And+Stock+Award+Over+Security+Breach&utme=8(APIKey)9(MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004)\">\u003c/div>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11341109/yahoo-ceo-marissa-mayer-loses-bonus-stock-award-over-security-breach","authors":["byline_news_11341109"],"programs":["news_6944","news_72"],"categories":["news_8","news_248"],"tags":["news_17619","news_2756","news_17286","news_351"],"featImg":"news_11341173","label":"source_news_11341109"},"news_11319883":{"type":"posts","id":"news_11319883","meta":{"index":"posts_1591205157","site":"news","id":"11319883","score":null,"sort":[1487281977000]},"guestAuthors":[],"slug":"yahoo-warns-more-users-their-private-info-may-have-been-stolen","title":"Yahoo Warns More Users Their Private Info May Have Been Stolen","publishDate":1487281977,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{},"content":"\u003cp>Yahoo is warning some of its users that their accounts might have been breached by intruders using forged cookies, allowing them to access private information without knowing users' passwords.\u003c/p>\n\u003cp>Cookies are pieces of code stored by browsers to, among other things, keep track of whether a user is logged into a password-protected account. They're also used for innocuous functions, such as \u003ca href=\"https://www.privacyrights.org/consumer-guides/online-privacy-using-internet-safely\">keeping track of online shopping cart contents\u003c/a>.\u003c/p>\n\u003cp>This latest warning to users stems from an ongoing investigation into previously disclosed hacking of at least 500 million user accounts in 2014. \u003ca href=\"https://arstechnica.com/information-technology/2017/02/yahoo-reveals-more-breachiness-to-users-victimized-by-forged-cookies/\">Ars Technica reported\u003c/a> that Yahoo sent emails this week to users stating that \"based on the ongoing investigation, we believe a forged cookie may have been used in 2015 or 2016 to access your account.\"\u003c/p>\n\u003cp>The company first revealed the data breach in September 2016, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">as The Two-Way reported\u003c/a>.\u003c/p>\n\u003cp>In December, Yahoo disclosed a separate hacking incident of more than 1 billion accounts in 2013, as we \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\">reported\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>In a November \u003ca href=\"https://investor.yahoo.net/secfiling.cfm?filingID=1193125-16-764376&CIK=1011006&soc_src=mail&soc_trk=ma\">regulatory filing\u003c/a>, Yahoo mentioned the possibility that in addition to hacking of security questions to access user accounts, forged cookies might have been used to steal private user information, explaining:\u003c/p>\n\u003cblockquote>\u003cp>\"Forensic experts are currently investigating certain evidence and activity that indicates an intruder, believed to be the same state-sponsored actor responsible for the Security Incident, created cookies that could have enabled such intruder to bypass the need for a password to access certain users' accounts or account information.\"\u003c/p>\u003c/blockquote>\n\u003cp>In a December \u003ca href=\"https://investor.yahoo.net/secfiling.cfm?filingID=1193125-16-793106&CIK=1011006&soc_src=mail&soc_trk=ma\">regulatory filing\u003c/a>, the company provided further information, including that it had connected some of the forged cookies to \"the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.\"\u003c/p>\n\u003cp>The December filing continued:\u003c/p>\n\u003cblockquote>\u003cp>\"Based on the ongoing investigation, the company believes an unauthorized third party accessed the company's proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies.\"\u003c/p>\u003c/blockquote>\n\u003cp>A spokesperson for Yahoo declined to say how many user accounts had been accessed using forged cookies, but told NPR on Thursday that the company was in its final stages of its investigation into the data breach.\u003c/p>\n\u003cp>The repeated revelations about Yahoo's account security appear to have affected a proposed deal to be acquired by Verizon. When the deal was announced in July 2016, the price tag for Yahoo was $4.8 billion, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/07/25/487312798/verizon-buys-yahoo-for-4-8-billion-in-cash-touting-gains-in-mobile\">as we reported\u003c/a>.\u003c/p>\n\u003cp>On Wednesday, that price appeared to be dropping, according to \u003ca href=\"https://www.nytimes.com/2017/02/15/business/dealbook/verizon-yahoo-merger-deal.html\">the New York Times\u003c/a>, which added:\u003c/p>\n\u003cblockquote>\u003cp>\"Yahoo is close to renegotiating its original deal, choosing to take close to $300 million off the price to preserve the sale, a person with knowledge of the matter said on Wednesday.\u003c/p>\n\u003cp>\"Under the revised terms, the two companies are expected to share legal responsibility and costs for the data breaches, the person with knowledge of the matter said.\"\u003c/p>\n\u003c/blockquote>\n\u003cp>\u003ca href=\"https://www.bloomberg.com/news/articles/2017-02-15/verizon-reduces-yahoo-deal-price-by-250-million-in-revised-deal\">Bloomberg reported\u003c/a> a slightly smaller decrease in Yahoo's asking price, closer to $250 million. Both outlets said negotiations between Yahoo and Verizon were ongoing.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit \u003ca href=\"http://www.npr.org/\" target=\"_blank\">NPR.org\u003c/a>.\u003c/p>\n\n","blocks":[],"excerpt":"The company warned some users that their accounts may have been accessed using forged cookies in connection with a previously disclosed hack in 2014.","status":"publish","parent":0,"modified":1487283335,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":19,"wordCount":532},"headData":{"title":"Yahoo Warns More Users Their Private Info May Have Been Stolen | KQED","description":"The company warned some users that their accounts may have been accessed using forged cookies in connection with a previously disclosed hack in 2014.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11319883 https://ww2.kqed.org/news/?p=11319883","disqusUrl":"https://ww2.kqed.org/news/2017/02/16/yahoo-warns-more-users-their-private-info-may-have-been-stolen/","disqusTitle":"Yahoo Warns More Users Their Private Info May Have Been Stolen","source":"NPR","sourceUrl":"http://www.npr.org/","nprImageCredit":"Michael Probst","nprByline":"Rebecca Hersher","nprImageAgency":"AP","nprStoryId":"515568599","nprApiLink":"http://api.npr.org/query?id=515568599&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"http://www.npr.org/sections/thetwo-way/2017/02/16/515568599/yahoo-warns-more-users-that-their-private-information-may-have-been-stolen?ft=nprml&f=515568599","nprRetrievedStory":"1","nprPubDate":"Thu, 16 Feb 2017 13:02:00 -0500","nprStoryDate":"Thu, 16 Feb 2017 12:34:00 -0500","nprLastModifiedDate":"Thu, 16 Feb 2017 13:02:37 -0500","path":"/news/11319883/yahoo-warns-more-users-their-private-info-may-have-been-stolen","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>Yahoo is warning some of its users that their accounts might have been breached by intruders using forged cookies, allowing them to access private information without knowing users' passwords.\u003c/p>\n\u003cp>Cookies are pieces of code stored by browsers to, among other things, keep track of whether a user is logged into a password-protected account. They're also used for innocuous functions, such as \u003ca href=\"https://www.privacyrights.org/consumer-guides/online-privacy-using-internet-safely\">keeping track of online shopping cart contents\u003c/a>.\u003c/p>\n\u003cp>This latest warning to users stems from an ongoing investigation into previously disclosed hacking of at least 500 million user accounts in 2014. \u003ca href=\"https://arstechnica.com/information-technology/2017/02/yahoo-reveals-more-breachiness-to-users-victimized-by-forged-cookies/\">Ars Technica reported\u003c/a> that Yahoo sent emails this week to users stating that \"based on the ongoing investigation, we believe a forged cookie may have been used in 2015 or 2016 to access your account.\"\u003c/p>\n\u003cp>The company first revealed the data breach in September 2016, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">as The Two-Way reported\u003c/a>.\u003c/p>\n\u003cp>In December, Yahoo disclosed a separate hacking incident of more than 1 billion accounts in 2013, as we \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\">reported\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>In a November \u003ca href=\"https://investor.yahoo.net/secfiling.cfm?filingID=1193125-16-764376&CIK=1011006&soc_src=mail&soc_trk=ma\">regulatory filing\u003c/a>, Yahoo mentioned the possibility that in addition to hacking of security questions to access user accounts, forged cookies might have been used to steal private user information, explaining:\u003c/p>\n\u003cblockquote>\u003cp>\"Forensic experts are currently investigating certain evidence and activity that indicates an intruder, believed to be the same state-sponsored actor responsible for the Security Incident, created cookies that could have enabled such intruder to bypass the need for a password to access certain users' accounts or account information.\"\u003c/p>\u003c/blockquote>\n\u003cp>In a December \u003ca href=\"https://investor.yahoo.net/secfiling.cfm?filingID=1193125-16-793106&CIK=1011006&soc_src=mail&soc_trk=ma\">regulatory filing\u003c/a>, the company provided further information, including that it had connected some of the forged cookies to \"the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.\"\u003c/p>\n\u003cp>The December filing continued:\u003c/p>\n\u003cblockquote>\u003cp>\"Based on the ongoing investigation, the company believes an unauthorized third party accessed the company's proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies.\"\u003c/p>\u003c/blockquote>\n\u003cp>A spokesperson for Yahoo declined to say how many user accounts had been accessed using forged cookies, but told NPR on Thursday that the company was in its final stages of its investigation into the data breach.\u003c/p>\n\u003cp>The repeated revelations about Yahoo's account security appear to have affected a proposed deal to be acquired by Verizon. When the deal was announced in July 2016, the price tag for Yahoo was $4.8 billion, \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/07/25/487312798/verizon-buys-yahoo-for-4-8-billion-in-cash-touting-gains-in-mobile\">as we reported\u003c/a>.\u003c/p>\n\u003cp>On Wednesday, that price appeared to be dropping, according to \u003ca href=\"https://www.nytimes.com/2017/02/15/business/dealbook/verizon-yahoo-merger-deal.html\">the New York Times\u003c/a>, which added:\u003c/p>\n\u003cblockquote>\u003cp>\"Yahoo is close to renegotiating its original deal, choosing to take close to $300 million off the price to preserve the sale, a person with knowledge of the matter said on Wednesday.\u003c/p>\n\u003cp>\"Under the revised terms, the two companies are expected to share legal responsibility and costs for the data breaches, the person with knowledge of the matter said.\"\u003c/p>\n\u003c/blockquote>\n\u003cp>\u003ca href=\"https://www.bloomberg.com/news/articles/2017-02-15/verizon-reduces-yahoo-deal-price-by-250-million-in-revised-deal\">Bloomberg reported\u003c/a> a slightly smaller decrease in Yahoo's asking price, closer to $250 million. Both outlets said negotiations between Yahoo and Verizon were ongoing.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit \u003ca href=\"http://www.npr.org/\" target=\"_blank\">NPR.org\u003c/a>.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11319883/yahoo-warns-more-users-their-private-info-may-have-been-stolen","authors":["byline_news_11319883"],"programs":["news_6944","news_72"],"categories":["news_8","news_248"],"tags":["news_2414","news_17286","news_351"],"featImg":"news_11319886","label":"source_news_11319883"},"news_11263472":{"type":"posts","id":"news_11263472","meta":{"index":"posts_1591205157","site":"news","id":"11263472","score":null,"sort":[1484076595000]},"guestAuthors":[],"slug":"yahoo-will-become-altaba-if-verizon-buys-its-internet-business","title":"Yahoo Will Become 'Altaba' If Verizon Buys Its Internet Business","publishDate":1484076595,"format":"standard","headTitle":"The California Report | KQED News","labelTerm":{},"content":"\u003cp>It's still unclear whether Verizon will follow through on a \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/07/25/487312798/verizon-buys-yahoo-for-4-8-billion-in-cash-touting-gains-in-mobile\">$4.8 billion deal\u003c/a> to buy Yahoo's core internet business, but if the sale is finalized, there's a name for what will be left behind.\u003c/p>\n\u003cp>For months, as the deal has made its way through negotiations and regulatory reviews, Yahoo \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312516666712/d234178ddefa14a.htm\">referred to the hypothetical remains of its business\u003c/a> as \"RemainCo.\"\u003c/p>\n\u003cp>Now, the company has unveiled a slightly less literal name: \"Altaba.\"\u003c/p>\n\u003cp>\u003cem>The Wall Street Journal\u003c/em> explains the Altaba origin:\u003c/p>\n\u003cblockquote>\u003cp>\"Altaba's remaining assets include Yahoo's stake in \u003ca href=\"http://quotes.wsj.com/BABA\">Alibaba Group Holding\u003c/a> Ltd. and \u003ca href=\"http://quotes.wsj.com/4689.TO\">Yahoo Japan\u003c/a>. The name is a combination of the words 'alternate' and 'Alibaba,' a person familiar with the matter said.\"\u003c/p>\u003c/blockquote>\n\u003cp>As \u003ca href=\"http://www.nytimes.com/2017/01/09/business/dealbook/yahoo-would-become-altaba-after-selling-its-internet-business.html?_r=0\">the New York Times points out\u003c/a>, the name is very close to \"Al-Taba,\" a \u003ca href=\"http://www.al-taba.com/\">Pakistani scissors manufacturer\u003c/a>.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>The sale would also bring big changes to Yahoo's current leadership. According to a \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517005897/d316156d8k.htm\">regulatory document\u003c/a> filed with the Securities and Exchange Commission, six members of the company's current \u003ca href=\"https://investor.yahoo.net/directors.cfm\">11-member board\u003c/a> would step down — including Marissa Mayer, Yahoo's chief executive.\u003c/p>\n\u003cfigure id=\"attachment_11263482\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11263482 size-medium\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2017/01/MarissaMayer-800x735.jpg\" alt=\"Marissa Mayer\" width=\"800\" height=\"735\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-800x735.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-160x147.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-1020x938.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-1180x1085.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-960x883.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-240x221.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-375x345.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-520x478.jpg 520w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">If the $4.8 billion deal goes through, more than half of the company's current board members, including Yahoo's CEO, Marissa Mayer, will step down. \u003ccite>(Brad Barket/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Eric Brandt, who joined Yahoo's board in March 2016, would take over as chairman of Altaba's board. He is a former executive at Broadcom, a semiconductor company.\u003c/p>\n\u003cp>As of Thursday, Brandt took over as chairman of Yahoo's board, replacing Maynard Webb, who had served in that position since 2013 and now becomes the chairman emeritus. According to the regulatory filing, the purpose of the change was \"to facilitate the transition of the Company to an investment company\" following the sale to Verizon.\u003c/p>\n\u003cp>But it's still unclear whether the sale will go forward. Following revelations of \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\">multiple\u003c/a> major \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">hacks\u003c/a> of Yahoo user accounts, Verizon said it would \"evaluate\" the potential impact on the deal.\u003c/p>\n\u003cp>[contextly_sidebar id=\"BpesfmHm7CcfEiUlntWPiml0QdpoAkNH\"]\u003c/p>\n\u003cp>Last week, AOL chief executive Tim Armstrong \u003ca href=\"http://www.cnbc.com/2017/01/05/aol-chief-tim-armstrong-says-hes-confident-vz-yhoo-deal-will-close.html\">told CNBC\u003c/a> that \"I remain hopeful the deal will close and I think we'll see what the outcomes are of the Yahoo investigations in the meantime.\"\u003c/p>\n\u003cp>Verizon \u003ca href=\"http://www.npr.org/sections/thetwo-way/2015/05/12/406115329/verizon-inks-4-4-billion-agreement-to-buy-aol\">purchased AOL\u003c/a> in 2015.\u003c/p>\n\u003cp>Also last week, a senior executive at Verizon said the company was unsure about its plan to buy Yahoo's internet business.\u003c/p>\n\u003cp>\"I can't sit here today and say with confidence one way or another because we still don't know,\" said Marni Walden, president of product innovation and new businesses at Verizon, \u003ca href=\"http://www.reuters.com/article/us-yahoo-m-a-verizon-idUSKBN14P215\">according to Reuters\u003c/a>.\u003c/p>\n\u003cp>Speaking at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas, Walden said that if the deal does go through, \"we think it will take weeks at least. We don't have a desire to have it drag on forever. That's not our intent.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit \u003ca href=\"http://www.npr.org/\" target=\"_blank\">NPR.org\u003c/a>.\u003c/p>\n\n","blocks":[],"excerpt":"If the $4.8 billion deal goes through, more than half of the company's current board members, including Yahoo's CEO, Marissa Mayer, will step down.","status":"publish","parent":0,"modified":1484090046,"stats":{"hasAudio":false,"hasVideo":false,"hasChartOrMap":false,"iframeSrcs":[],"hasGoogleForm":false,"hasGallery":false,"hasHearkenModule":false,"hasPolis":false,"paragraphCount":19,"wordCount":485},"headData":{"title":"Yahoo Will Become 'Altaba' If Verizon Buys Its Internet Business | KQED","description":"If the $4.8 billion deal goes through, more than half of the company's current board members, including Yahoo's CEO, Marissa Mayer, will step down.","ogTitle":"","ogDescription":"","ogImgId":"","twTitle":"","twDescription":"","twImgId":""},"disqusIdentifier":"11263472 http://ww2.kqed.org/news/?p=11263472","disqusUrl":"https://ww2.kqed.org/news/2017/01/10/yahoo-will-become-altaba-if-verizon-buys-its-internet-business/","disqusTitle":"Yahoo Will Become 'Altaba' If Verizon Buys Its Internet Business","source":"NPR","sourceUrl":"http://www.npr.org/","nprImageCredit":"Marcio Jose Sanchez","nprByline":"Rebecca Hersher","nprImageAgency":"AP","nprStoryId":"509109510","nprApiLink":"http://api.npr.org/query?id=509109510&apiKey=MDAxOTAwOTE4MDEyMTkxMDAzNjczZDljZA004","nprHtmlLink":"http://www.npr.org/sections/thetwo-way/2017/01/10/509109510/yahoo-will-become-altaba-if-verizon-buys-its-internet-business?ft=nprml&f=509109510","nprRetrievedStory":"1","nprPubDate":"Tue, 10 Jan 2017 10:13:00 -0500","nprStoryDate":"Tue, 10 Jan 2017 10:11:00 -0500","nprLastModifiedDate":"Tue, 10 Jan 2017 10:21:10 -0500","path":"/news/11263472/yahoo-will-become-altaba-if-verizon-buys-its-internet-business","audioTrackLength":null,"parsedContent":[{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003cp>It's still unclear whether Verizon will follow through on a \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/07/25/487312798/verizon-buys-yahoo-for-4-8-billion-in-cash-touting-gains-in-mobile\">$4.8 billion deal\u003c/a> to buy Yahoo's core internet business, but if the sale is finalized, there's a name for what will be left behind.\u003c/p>\n\u003cp>For months, as the deal has made its way through negotiations and regulatory reviews, Yahoo \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312516666712/d234178ddefa14a.htm\">referred to the hypothetical remains of its business\u003c/a> as \"RemainCo.\"\u003c/p>\n\u003cp>Now, the company has unveiled a slightly less literal name: \"Altaba.\"\u003c/p>\n\u003cp>\u003cem>The Wall Street Journal\u003c/em> explains the Altaba origin:\u003c/p>\n\u003cblockquote>\u003cp>\"Altaba's remaining assets include Yahoo's stake in \u003ca href=\"http://quotes.wsj.com/BABA\">Alibaba Group Holding\u003c/a> Ltd. and \u003ca href=\"http://quotes.wsj.com/4689.TO\">Yahoo Japan\u003c/a>. The name is a combination of the words 'alternate' and 'Alibaba,' a person familiar with the matter said.\"\u003c/p>\u003c/blockquote>\n\u003cp>As \u003ca href=\"http://www.nytimes.com/2017/01/09/business/dealbook/yahoo-would-become-altaba-after-selling-its-internet-business.html?_r=0\">the New York Times points out\u003c/a>, the name is very close to \"Al-Taba,\" a \u003ca href=\"http://www.al-taba.com/\">Pakistani scissors manufacturer\u003c/a>.\u003c/p>\n\u003cp>\u003c/p>\u003c/div>","attributes":{"named":{},"numeric":[]}},{"type":"component","content":"","name":"ad","attributes":{"named":{"label":"fullwidth"},"numeric":["fullwidth"]}},{"type":"contentString","content":"\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>The sale would also bring big changes to Yahoo's current leadership. According to a \u003ca href=\"https://www.sec.gov/Archives/edgar/data/1011006/000119312517005897/d316156d8k.htm\">regulatory document\u003c/a> filed with the Securities and Exchange Commission, six members of the company's current \u003ca href=\"https://investor.yahoo.net/directors.cfm\">11-member board\u003c/a> would step down — including Marissa Mayer, Yahoo's chief executive.\u003c/p>\n\u003cfigure id=\"attachment_11263482\" class=\"wp-caption aligncenter\" style=\"max-width: 800px\">\u003cimg class=\"wp-image-11263482 size-medium\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2017/01/MarissaMayer-800x735.jpg\" alt=\"Marissa Mayer\" width=\"800\" height=\"735\" srcset=\"https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-800x735.jpg 800w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-160x147.jpg 160w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-1020x938.jpg 1020w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer.jpg 1920w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-1180x1085.jpg 1180w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-960x883.jpg 960w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-240x221.jpg 240w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-375x345.jpg 375w, https://ww2.kqed.org/app/uploads/sites/10/2017/01/MarissaMayer-520x478.jpg 520w\" sizes=\"(max-width: 800px) 100vw, 800px\">\u003cfigcaption class=\"wp-caption-text\">If the $4.8 billion deal goes through, more than half of the company's current board members, including Yahoo's CEO, Marissa Mayer, will step down. \u003ccite>(Brad Barket/Getty Images)\u003c/cite>\u003c/figcaption>\u003c/figure>\n\u003cp>Eric Brandt, who joined Yahoo's board in March 2016, would take over as chairman of Altaba's board. He is a former executive at Broadcom, a semiconductor company.\u003c/p>\n\u003cp>As of Thursday, Brandt took over as chairman of Yahoo's board, replacing Maynard Webb, who had served in that position since 2013 and now becomes the chairman emeritus. According to the regulatory filing, the purpose of the change was \"to facilitate the transition of the Company to an investment company\" following the sale to Verizon.\u003c/p>\n\u003cp>But it's still unclear whether the sale will go forward. Following revelations of \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/12/14/505606974/yahoo-says-hackers-stole-information-from-more-than-1-billion-accounts\">multiple\u003c/a> major \u003ca href=\"http://www.npr.org/sections/thetwo-way/2016/09/22/495056961/yahoo-inc-confirms-data-from-at-least-500-million-users-was-stolen\">hacks\u003c/a> of Yahoo user accounts, Verizon said it would \"evaluate\" the potential impact on the deal.\u003c/p>\n\u003cp>\u003c/p>\u003cp>\u003c/p>\u003cp>\u003c/p>\n\u003cp>Last week, AOL chief executive Tim Armstrong \u003ca href=\"http://www.cnbc.com/2017/01/05/aol-chief-tim-armstrong-says-hes-confident-vz-yhoo-deal-will-close.html\">told CNBC\u003c/a> that \"I remain hopeful the deal will close and I think we'll see what the outcomes are of the Yahoo investigations in the meantime.\"\u003c/p>\n\u003cp>Verizon \u003ca href=\"http://www.npr.org/sections/thetwo-way/2015/05/12/406115329/verizon-inks-4-4-billion-agreement-to-buy-aol\">purchased AOL\u003c/a> in 2015.\u003c/p>\n\u003cp>Also last week, a senior executive at Verizon said the company was unsure about its plan to buy Yahoo's internet business.\u003c/p>\n\u003cp>\"I can't sit here today and say with confidence one way or another because we still don't know,\" said Marni Walden, president of product innovation and new businesses at Verizon, \u003ca href=\"http://www.reuters.com/article/us-yahoo-m-a-verizon-idUSKBN14P215\">according to Reuters\u003c/a>.\u003c/p>\n\u003cp>Speaking at the Citi 2017 Internet, Media & Telecommunications Conference in Las Vegas, Walden said that if the deal does go through, \"we think it will take weeks at least. We don't have a desire to have it drag on forever. That's not our intent.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Copyright 2017 NPR. To see more, visit \u003ca href=\"http://www.npr.org/\" target=\"_blank\">NPR.org\u003c/a>.\u003c/p>\n\n\u003c/div>\u003c/p>","attributes":{"named":{},"numeric":[]}}],"link":"/news/11263472/yahoo-will-become-altaba-if-verizon-buys-its-internet-business","authors":["byline_news_11263472"],"programs":["news_6944","news_72"],"categories":["news_8","news_248"],"tags":["news_2756","news_17286","news_20294","news_351"],"featImg":"news_11263475","label":"source_news_11263472"}},"programsReducer":{"possible":{"id":"possible","title":"Possible","info":"Possible is hosted by entrepreneur Reid Hoffman and writer Aria Finger. Together in Possible, Hoffman and Finger lead enlightening discussions about building a brighter collective future. The show features interviews with visionary guests like Trevor Noah, Sam Altman and Janette Sadik-Khan. 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