sorry, january 13th, 2009, carol bartz was hired then. let's have a look at the next one here, carol bartz being fired and share price, $12. during her reign essentially gave up on search business, ad revenues falling. bartz did have to cut costs to preserve profits. the share is now slightly higher as you can see, than when she was fired. shareholders still wanted the company to be sold. this fresh appointment doesn't seem to have allayed fears. >> maggie wasn't kidding when she said it was more exciting that carol bartz was fired than the new hire being announced. that was a spectacular corporate story. yahoo! certainly hoping the new ceo can maintain a slightly more harmonious relationship with the company board than his pr predecess predecessor, carol bartz. when she was giving the news over the telephone, she didn't hide her feelings. she gave an interview to "fortune" magazine in which she said, these were her words, take a look at this, these people "f," dot dot dot, me over. the board was spooked by being casts worst board in the

he will succeed carol bartz who was fired in september. he says he was somewhat surprised since his name never emerged as a top candidate e will yahoo!'s fourth ceo in less than five years. >>> plans for a high rail system could be put on -- high- speed rail system could be put on hold. the costs are high. rail supporters say the project would generate thousands of jobs. >>> a ktvu camera was right there. you will see more after a truck burst into flames on the peninsula. mark tamayo still checking the satellite to see if there's any rain on the horizon. why a united states congressman wants to drain the lake of -- that's the primary source of the bay area adrinking water. bay area's drinking water. [ sirens ] >>> a ktvu camera was right there when a laundry truck went in flames in menlo park. that was just after 8:00 a.m. our crew was there when the truck full of towels pulled to the shoulder of the road with flames and smoke pouring out. no one was hurt. it's not known what's started the fire. >>> several trucks caught on fire at a fed-e

the company has been without a leader since september when it fired carol bartz. his new job starts monday. he served as president of paypal since january of 2008. netflix reported that customers watched more than 2 billion hours of streaming content over the last three months and it has 20 million users. because of that news, the company saw its stock jump by 11% today. it closed at $80. dow gained 21 points. naz dark lost less than a point. the reservoir is in good shape despite the weather. the public utilities commission said they are at 85% of its capacity thanks to the last year's rain. the system supplies water to 2.5 million people in four countys. >>> a look at the state's other reservoirs. lake orville is at 72%. lake shatta 68% and st. louis is at 95% of capacity. >>> no rain out there. a few clouds and big surf along the coast and that is the deal. not a lot going on other than fog tonight. high clouds overhead tomorrow. temperatures tomorrow cooler than they were today. today was 72 in santa rosa. most of us in the mid-60s. 45 heyward. overnight lows

carol bartz. >> i've known carol for 20 years, right? so when carol was recruited to go to yahoo! it was presented as management problem, and yahoo! was a management problem. and i think the feeling was if you could install adult supervision and put in place strong management the imaginative innovative juices of the company could make it work. i think what happen and part of it is internally created is that the world changed very dramatically over the last several years is it bake a leadership and management problem at the same time. >> wait, wait. what's the difference. management is looking after staff. leadership is -- >> i think management is morer managing performance, executing to a plan where leadership is more about anticipating the next change and then reallocating resources. and, you know, this is not carol's take. carol was not raised in the media industry. thinking the feeling was that the leaders in place understood the dynamics of the industry. what they really needed was management. >> isn't the whole point that companies don't get past their past, they die, and new

that was when carol bartz was abruptly fired. thompson's new job starts monday. we'll check in with jason brooks with more on this in his moneywatch report at 6:45. >>> and the future of san jose's medical marijuana law is in question. opponents of the law to limit pot clubs in and force them to grow all their marijuana on site have collected enough signatures to put it up for a vote. the "mercury news" reports that there could be a vote as soon as june. or the city council could decide to rescind the ordinance altogether. >>> up next, college students and their families getting more bang for the buck. why uc-berkeley is getting recognized with a national honor. >> and did you get a lot of junk mail? the unusual recipient who is getting hounded for decades by junk mail. p >>> back now at 6:24. the best value for higher education can be found at three u.s. campuses. the university of north carolina chapel hill ranking number one on the list at the top for the last 11 years. uc-berkeley earned the highest ranking among california schools. that's followed by ucla, a

four months ago yahoo fired carol bartz of the former ceo. several groups of shareholders have called for the sale of the company recently. >>> major concerns over traffic and displaced residents may prompt east palo alto to sue facebook. the social network company took over the old sun microsystem campus in menlo park last month. menlo park and east palo alto leaders are reviewing the impact of facebook's big expansion. planning documents show facebook wants to bring more than 6,000 workers in by 2015. a lawsuit is one of the options east palo alto councilmembers may consider during a closed-door meeting. >>> we all like it get what we pay for, don't we? >> sound reasonable. on the consumerwatch, julie watts has a warning about door- to-door sales pitches that fail to deliver. >> reporter: it's been 15 months since the magazine saleswoman knocked on sandy's door. >> they market themselves as recruiting and trying to help kids. >> reporter: sandy bought three-year subscription to vegetarian times and weight watchers and a two-year subscriptio

carol bartz fired by the boards of directors last fall. investors so far unsure if it's the right move. shares of yahoo! stock falling 2.5% on the news. shares of netflix stock, on the other hand, had its best day in a long time. the los gatos company rallying on news netflix customers watched 2 billion hours of streaming video the last two months. netflix shares up today by 11%. we take you to san francisco where social gaming giant zynga launched its newest way to do something other than work. it's called hidden chronicles. tonight at 6:00 we'll take you along for an exclusive inside look at how zynga puts the finishing touches on the new facebook-based game, including touches that are typically used when animation companies like pixar make movies. >>> next up, new hampshire. the photo finish in iowa proved mitt romney can win. but the other candidates are hot on his trail. steve handelsman brought coverage from des moines last night and is in new hampshire with continuing coverage, live in manchester with the latest. >> reporter: good e

carol bartz was fired as ceo. she failed to turn the company around. investors glad to see the back of her. yahoo shares jumped 12% in the two days after that. on october 1st, just about a month later, this happened. basically yahoo shares surged 17% in two days after jack ma, the founder of e-commerce giant alibaba said he wanted to buy yahoo lock, stock, and barrel. this is how they closed yesterday, but it did pop 3% on news of yang's departure as he's been seen as a block to change. many think that change was due. >> i just want to go back to something you said there. one of the deals that didn't succeed under the yang leadership was that merger. jack maher wanting to buy yahoo back for his company alibaba. >> it's been a question in the past which fish is bigger, alibaba or yahoo. i spoke to richard lye, editor in chief of in gadget china, and he says that alibaba is the bigger of those firms. >> in many ways, it's more successful and has grown much, much quicker than yahoo over the last several years. if yahoo does the right thing and continues t

we had carol bartz pushed out back in september. new ceo coming over from paypal just recently. and now cofounder jerry yang stepping down from the company's board of directors. this is seen by many analysts out there to open up the possibility of yahoo selling its massive stakes in two asian companies. e-commerce giant alley baba out of china and yahoo japan. the value of those companies combined could be worth more than $10 billion. there are reports that yang didn't want to do that wanted to take the company private. this will likely open up other strategies for yahoo. home sale side inflation actually fell 1/10 percent in december. string out fuel and food, prices were up. industrial production rose a .5% in december thanks to a strong manufacturing gain. stocks are treading even for the most part. got the dow up by 13 points. nasdaq is gaining 8. s&p up by one. yahoo shares are rising on the yang news. they are up about 2.5% this morning. >> thank you. >>> obesity rates are still high here in the united states. but they haven't increased much in recent years. the centers fo

of course, got rid of its previous ceo, carol bartz. is thompson the light fit? we'll look at the stock price this morning to see what investors think about it. certainly his match is not exact. he's more from the financial world. he worked with visa and barclays bank and paypal. that brings into question my appointment of bill newcom, that started as a joke on the radio. a few people called and said that's not a bad idea. he recently separated from his job as managing partner of the san francisco giants. of course he has long experience as a high-tech lawyer. yahoo! could use a good lawyer. they have a lot of issues ahead of them, particularly with the purchase and sale of chinese assets. it looks as if, for sure, scott thompson will be heading it out. >> all right. good news this morning. thank you very much. >>> bottom line is when scott mcgrew talks, people listen. >>> 6:25 right now. still to come on today in the bay, facebook could face a lawsuit from its new neighbor. a live report coming up. >>> the iowa caucuses coming down right to the wire. we'll tell

and he will succeed carol bartz. >>> 8:03. there is a new plan to block the expansion plans of facebook. one bay area city may fi -- may file a giant lawsuit against facebook. kraig debro is in menlo park right now. he has all of the details. we did confirm that these -- that the east palo alto council meeting has a closed session. we checked the city's facebook page for further information. didn't find any there. just wanted to check to see if there was any on this pain. there -- there was not. here's what we know -- this is the new headquarters for facebook. they just opened it last month. down the road to the east, that's east palo alto there. they are concerned that traffic will be a problem, that some people might lose their homes because of facebook's expansion, not necessarily of because of what they have now. they have about 2200 plans now. accord to the growth plan, by 2015, they could have as many as 6600 working at the facility and east palo alto says that could affect what's down the street. we've been trying to ge