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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo2.jpg\">\u003cimg class=\"alignright size-medium wp-image-65491\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo2-300x112.jpg\" alt=\"\" width=\"300\" height=\"112\">\u003c/a>Wow I almost got out of here without doing a post on Facebook. That company's shares, you may have heard, will start trading on Friday in the most anticipated IPO since someone first trotted out the wheel in 8,000 B.C.\u003c/p>\n\u003cp>There may be good reasons to buy Facebook stock besides the fact that a desperate California is counting on taxes generated from the IPO to help cobble together a budget. Facebook set the per-share range at $34 to $38, but yesterday the \u003ca href=\"http://ww2.kqed.org/news/2012/05/15/laos-target-price-for-facebook-45-per-share/\">Legislative Analyst's Office calculated state revenue for the next year assuming a share price of $45\u003c/a> six months out. At least \u003ca href=\"http://www.thestreet.com/quote/FB/details/analyst-ratings.html\">two stock analysts\u003c/a> -- not from the government -- are already \u003ca href=\"http://blogs.wsj.com/deals/2012/05/07/analysts-offer-bullish-views-on-facebook-ahead-of-ipo/\">bullish\u003c/a> on the 'Book, having weighed in with Buy ratings.\u003c/p>\n\u003cp>Sam Hamadeh is not one of them. He's the CEO of PrivCo, an IPO research firm based in New York. His advice: If on Friday you've got your finger on the buy button, take a cold shower or play some \u003ca href=\"http://apps.facebook.com/wordswithfriends/tracks.php?src=community&aff=wwfdotcom&crt=playnow\">Words With Friends\u003c/a> instead. His reasons why in this \u003ca href=\"http://www.kqed.org/news/story/2012/05/16/94242/listen_up_facebook_bulls_a_bear_speaks?category=bay+area\">interview\u003c/a> with KQED's Cy Musiker today...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: One reason you're bearish: You did an analysis based on the company's 1st quarter results. You noted Facebook is having trouble making money off of advertising on mobile devices. Why is that an issue?\u003c/p>\n\u003caside class=\"pullquote alignleft\">Reasons to sit out the IPO\n\u003col>\n\u003cli>FB doesn't have good way to monetize mobile users yet, and more than half of users access the site that way.\u003c/li>\n\u003cli>FB costs are growing much faster than revenues.\u003c/li>\n\u003cli>Much of FB's growth in users coming from developing nations, which advertisers don't pay to target.\u003c/li>\n\u003cli>FB has been unable to show advertisers a direct translation from ads-viewed to purchases.\u003c/li>\n\u003cli>Increase in insider selling may be worrisome.\u003c/li>\n\u003cli>Most recent tech IPOs have tanked.\u003c/li>\n\u003cli>Current FB valuation should be $25 per share.\u003c/li>\n\u003c/ol>\n\u003c/aside>\n\u003cp>\u003cstrong>PRIVCO'S SAM HAMADEH\u003c/strong>: It's an issue because what we saw in the 1st quarter is that Facebook had its slowest revenue growth rate in its history, and in fact it showed one of the only quarter-to-quarter revenue declines in advertising in Facebook history. Facebook's ad revenue fell from the 4th quarter of 2011 to the 1st quarter of this year.\u003c/p>\n\u003cp>And one of the key reasons is that more and more users are accessing Facebook on mobile devices. Just based on space limitations, mobile devices can't show those seven ads per page that Facebook has been used to. It's a real issue.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: And more than one-half of users logon via smartphones and tablets.\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: That's correct, and as Facebook said in a recent filing late last week the move to mobile is happening much more rapidly and has caught Facebook off-guard. At this time Facebook doesn't have any strong ability to monetize mobile users the same way they do on the website. And so this rapid shift has continued in the 2nd quarter and they don’t see it abating anytime soon, if ever.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: You also raised a red flag in that much of the growth in Facebook users is coming from developing nations…\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong> That's a two-sided coin. On the one hand it represents an opportunity, of course. They're moving into developing markets early, countries like Cambodia, Nigeria, Vietnam. The downside is that those are cost centers for Facebook. Those users still upload photos and videos costing Facebook money to host them -- in fact we saw in the first quarter that Facebook's data server and hosting costs almost doubled from the prior quarter despite revenue growing just under 50%. \u003c!--more-->\u003c/p>\n\u003cp>So costs for Facebook are growing much faster than revenues, and one of the main reasons is that so many of the new users are coming from developing countries, and advertisers just don't pay to target those people at this point, or will any time soon really.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: A poll this week found Facebook users are reluctant to make purchases by clicking on Facebook ads, and GM announced yesterday that it plans to stop spending 10 million dollars on Facebook ads. Is that significant?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I can't think of a worse time for GM to make that announcement. To have right before the IPO one of the three biggest advertisers in America come out and say it's cancelling it's entire $10 million advertising spend is embarrassing to Facebook and of course it's concerning. A lot of advertisers look to those big advertisers like GM as sort of leadership to guide them where to spend their money.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: But \u003ca href=\"http://www.clickz.com/clickz/news/2174988/unlike-gm-ford-bullish-facebook-ads\">Ford mocked GM's decision\u003c/a>, and a lot of advertisers are entranced with the way Facebook lets them target their ads so effectively, because users voluntarily reveal so much about themselves.\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I would say it's a mixed bag. There's no question a lot of advertisers feel like they have to be doing something on Facebook at a minimum, a little bit of spend just for learning. But the problem is that for the most part Facebook has been unable to show a direct translation from ads viewed to actual purchases. At some point they have to come up with more data and metrics the same way Google does and Nielsen does for TV advertising. They have to be able to show direct return on investment to advertisers.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: The \u003ca href=\"http://online.wsj.com/article/SB10001424052702303448404577407774136362662.html\">Wall Street Journal reports\u003c/a> a number of insiders are selling a significant share of their holdings. That includes some Facebook directors. Are they bailing on the company or just taking advantage of a chance for profits?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I think it's a combination of things. A good chunk of insider selling is tax-related. Zuckerberg is selling roughly $1 billion of stock into the IPO, but he's using some $900 million of it to pay taxes to California and the federal government. He is pocketing $142 million by PrivCo calculations.\u003c/p>\n\u003cp>But there is a lot of selling going on. It's starting to get to the point where it should be a little bit of a warning sign. At the same time, with demand being there, you can't really blame people for taking money off the table, especially at such a high valuation.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: In regard to recent tech IPOs, like Groupon, Yelp, etc., how well have investors done who have gotten in the first few days or weeks?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Except for LinkedIn, which has performed exceedingly well, every other company has performed quite poorly. Every investor who bought Groupon, Zynga, Pandora, etc on the first day of trading has lost money.\u003c/p>\n\u003cp>It's something to keep in mind: Just because a company is a good company doesn't make it a good investment. And I think people really should be cautious at such an expensive valuation for Facebook. You can still like Facebook and the trend it represents without buying it as an investment.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: What would you pay for Facebook shares?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: PrivCo values it at $25 per share using pretty standard investment-banking-type methodologies. That's the fair value of Facebook stock today. Anything above that now would indicate overvaluation and a reason to sell not buy.\u003c/p>\n\u003cp>It will go to market around $38 and will probably open for trading well above that. Even if you're tempted to buy shares on the first day, use a limit order. At least set an upper limit, whether that's $45 or $50 so that you suddenly don't find yourself buying shares at $100 without realizing it.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: Are there signs of shorting yet?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Not a lot of signs of that. It would be a very risky short. If someone were to short, you might want to go long in what's called a pair trade. If you went short on Facebook, you'd go long on another company like a Google or a LinkedIn, without recommending a specific stock, so that if social media goes up, you have a hedge against it.\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>[ad floatright]\u003c/p>\n",
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"description": "Wow I almost got out of here without doing a post on Facebook. That company's shares, you may have heard, will start trading on Friday in the most anticipated IPO since someone first trotted out the wheel in 8,000 B.C. There may be good reasons to buy Facebook stock besides the fact that a desperate",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo2.jpg\">\u003cimg class=\"alignright size-medium wp-image-65491\" title=\"facebook-logo\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo2-300x112.jpg\" alt=\"\" width=\"300\" height=\"112\">\u003c/a>Wow I almost got out of here without doing a post on Facebook. That company's shares, you may have heard, will start trading on Friday in the most anticipated IPO since someone first trotted out the wheel in 8,000 B.C.\u003c/p>\n\u003cp>There may be good reasons to buy Facebook stock besides the fact that a desperate California is counting on taxes generated from the IPO to help cobble together a budget. Facebook set the per-share range at $34 to $38, but yesterday the \u003ca href=\"http://ww2.kqed.org/news/2012/05/15/laos-target-price-for-facebook-45-per-share/\">Legislative Analyst's Office calculated state revenue for the next year assuming a share price of $45\u003c/a> six months out. At least \u003ca href=\"http://www.thestreet.com/quote/FB/details/analyst-ratings.html\">two stock analysts\u003c/a> -- not from the government -- are already \u003ca href=\"http://blogs.wsj.com/deals/2012/05/07/analysts-offer-bullish-views-on-facebook-ahead-of-ipo/\">bullish\u003c/a> on the 'Book, having weighed in with Buy ratings.\u003c/p>\n\u003cp>Sam Hamadeh is not one of them. He's the CEO of PrivCo, an IPO research firm based in New York. His advice: If on Friday you've got your finger on the buy button, take a cold shower or play some \u003ca href=\"http://apps.facebook.com/wordswithfriends/tracks.php?src=community&aff=wwfdotcom&crt=playnow\">Words With Friends\u003c/a> instead. His reasons why in this \u003ca href=\"http://www.kqed.org/news/story/2012/05/16/94242/listen_up_facebook_bulls_a_bear_speaks?category=bay+area\">interview\u003c/a> with KQED's Cy Musiker today...\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: One reason you're bearish: You did an analysis based on the company's 1st quarter results. You noted Facebook is having trouble making money off of advertising on mobile devices. Why is that an issue?\u003c/p>\n\u003caside class=\"pullquote alignleft\">Reasons to sit out the IPO\n\u003col>\n\u003cli>FB doesn't have good way to monetize mobile users yet, and more than half of users access the site that way.\u003c/li>\n\u003cli>FB costs are growing much faster than revenues.\u003c/li>\n\u003cli>Much of FB's growth in users coming from developing nations, which advertisers don't pay to target.\u003c/li>\n\u003cli>FB has been unable to show advertisers a direct translation from ads-viewed to purchases.\u003c/li>\n\u003cli>Increase in insider selling may be worrisome.\u003c/li>\n\u003cli>Most recent tech IPOs have tanked.\u003c/li>\n\u003cli>Current FB valuation should be $25 per share.\u003c/li>\n\u003c/ol>\n\u003c/aside>\n\u003cp>\u003cstrong>PRIVCO'S SAM HAMADEH\u003c/strong>: It's an issue because what we saw in the 1st quarter is that Facebook had its slowest revenue growth rate in its history, and in fact it showed one of the only quarter-to-quarter revenue declines in advertising in Facebook history. Facebook's ad revenue fell from the 4th quarter of 2011 to the 1st quarter of this year.\u003c/p>\n\u003cp>And one of the key reasons is that more and more users are accessing Facebook on mobile devices. Just based on space limitations, mobile devices can't show those seven ads per page that Facebook has been used to. It's a real issue.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: And more than one-half of users logon via smartphones and tablets.\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: That's correct, and as Facebook said in a recent filing late last week the move to mobile is happening much more rapidly and has caught Facebook off-guard. At this time Facebook doesn't have any strong ability to monetize mobile users the same way they do on the website. And so this rapid shift has continued in the 2nd quarter and they don’t see it abating anytime soon, if ever.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: You also raised a red flag in that much of the growth in Facebook users is coming from developing nations…\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong> That's a two-sided coin. On the one hand it represents an opportunity, of course. They're moving into developing markets early, countries like Cambodia, Nigeria, Vietnam. The downside is that those are cost centers for Facebook. Those users still upload photos and videos costing Facebook money to host them -- in fact we saw in the first quarter that Facebook's data server and hosting costs almost doubled from the prior quarter despite revenue growing just under 50%. \u003c!--more-->\u003c/p>\n\u003cp>So costs for Facebook are growing much faster than revenues, and one of the main reasons is that so many of the new users are coming from developing countries, and advertisers just don't pay to target those people at this point, or will any time soon really.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: A poll this week found Facebook users are reluctant to make purchases by clicking on Facebook ads, and GM announced yesterday that it plans to stop spending 10 million dollars on Facebook ads. Is that significant?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I can't think of a worse time for GM to make that announcement. To have right before the IPO one of the three biggest advertisers in America come out and say it's cancelling it's entire $10 million advertising spend is embarrassing to Facebook and of course it's concerning. A lot of advertisers look to those big advertisers like GM as sort of leadership to guide them where to spend their money.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: But \u003ca href=\"http://www.clickz.com/clickz/news/2174988/unlike-gm-ford-bullish-facebook-ads\">Ford mocked GM's decision\u003c/a>, and a lot of advertisers are entranced with the way Facebook lets them target their ads so effectively, because users voluntarily reveal so much about themselves.\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I would say it's a mixed bag. There's no question a lot of advertisers feel like they have to be doing something on Facebook at a minimum, a little bit of spend just for learning. But the problem is that for the most part Facebook has been unable to show a direct translation from ads viewed to actual purchases. At some point they have to come up with more data and metrics the same way Google does and Nielsen does for TV advertising. They have to be able to show direct return on investment to advertisers.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: The \u003ca href=\"http://online.wsj.com/article/SB10001424052702303448404577407774136362662.html\">Wall Street Journal reports\u003c/a> a number of insiders are selling a significant share of their holdings. That includes some Facebook directors. Are they bailing on the company or just taking advantage of a chance for profits?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: I think it's a combination of things. A good chunk of insider selling is tax-related. Zuckerberg is selling roughly $1 billion of stock into the IPO, but he's using some $900 million of it to pay taxes to California and the federal government. He is pocketing $142 million by PrivCo calculations.\u003c/p>\n\u003cp>But there is a lot of selling going on. It's starting to get to the point where it should be a little bit of a warning sign. At the same time, with demand being there, you can't really blame people for taking money off the table, especially at such a high valuation.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: In regard to recent tech IPOs, like Groupon, Yelp, etc., how well have investors done who have gotten in the first few days or weeks?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Except for LinkedIn, which has performed exceedingly well, every other company has performed quite poorly. Every investor who bought Groupon, Zynga, Pandora, etc on the first day of trading has lost money.\u003c/p>\n\u003cp>It's something to keep in mind: Just because a company is a good company doesn't make it a good investment. And I think people really should be cautious at such an expensive valuation for Facebook. You can still like Facebook and the trend it represents without buying it as an investment.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: What would you pay for Facebook shares?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: PrivCo values it at $25 per share using pretty standard investment-banking-type methodologies. That's the fair value of Facebook stock today. Anything above that now would indicate overvaluation and a reason to sell not buy.\u003c/p>\n\u003cp>It will go to market around $38 and will probably open for trading well above that. Even if you're tempted to buy shares on the first day, use a limit order. At least set an upper limit, whether that's $45 or $50 so that you suddenly don't find yourself buying shares at $100 without realizing it.\u003c/p>\n\u003cp>\u003cstrong>CY MUSIKER\u003c/strong>: Are there signs of shorting yet?\u003c/p>\n\u003cp>\u003cstrong>SAM HAMADEH\u003c/strong>: Not a lot of signs of that. It would be a very risky short. If someone were to short, you might want to go long in what's called a pair trade. If you went short on Facebook, you'd go long on another company like a Google or a LinkedIn, without recommending a specific stock, so that if social media goes up, you have a hedge against it.\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "LAO's Target Price for Facebook: $45 per Share",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo1.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo1-300x112.jpg\" alt=\"\" title=\"facebook-logo\" width=\"300\" height=\"112\" class=\"alignright size-medium wp-image-65381\">\u003c/a>\u003ca href=\"https://www.google.com/search?q=facebook+ipo\">Speaking of the Big Facebook Bang\u003c/a>, the California Legislative Analyst's Office \u003ca href=\"http://www.lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?Yr=2012&KeyCol=596\">upped the estimate of the amount California will reap from the company going public\u003c/a>. The LAO puts the figure at $2.1 billion over the next 13 months if Governor Brown's tax plan passes in November. Without the higher tax rates, the amount falls to $1.6 billion. The governor's May budget revise assumed just $1.9 billion in Facebook revenue with the higher tax rates, and $1.4 billion under the current system. \u003c/p>\n\u003cp>The LAO calculated its totals by assuming a $38 IPO share price, rising to $45 in six months.\u003c/p>\n\u003cp>Facebook today \u003ca href=\"http://news.yahoo.com/facebook-ipo-bring-cash-change-025946510.html\">raised its IPO price\u003c/a> to between $34 to $38 per share, up from $28 to $35. Shares start trading on the Nasdaq on Friday, under the ticker symbol \u003cdel datetime=\"2012-05-15T22:54:58+00:00\">ZUCK\u003c/del> (Ha ha; the symbol is FB.)\u003c/p>\n\u003cp>\"The Facebook IPO is a really large set of financial transactions, and a large portion of the beneficiaries of those transactions live and work in California where Facebook is headquartered,\" Jason Sisney of the LAO's office told KQED's Peter Jon Shuler today. \"And so for the state of California that means these transactions will generate significant personal income tax revenues in the next few months. They will be a lot more if the share price climbs rapidly and stays there...and if more of those Facebook insiders are California taxpayers. We don't know for sure how many of them are, and we don't know for sure how many of them will undertake stock transactions related to the IPO. But we know enough from the filings to know the state revenue impact is going to be substantial. The key question is how big.\" \u003c!--more-->\u003c/p>\n\u003cp>Sisney said the most important factor determining the amount flowing into state coffers is what the share price is about six months from now, when a large volume of \u003ca href=\"https://scs.fidelity.com/webxpress/help/topics/learn_rsus.shtml\">restricted stock units\u003c/a> become exercisable. \"Those are likely to generate the bulk of the taxable income that would produce state revenues in the next year,\" Sisney said. \u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Sisney also said that under certain scenarios, the state's take could be $1-2 billion dollars greater. \"If the share price were higher or if there were a lot more transactions by Californians than we guessed in this estimate,\" he said.\u003c/p>\n\u003cp>Hmmm, sounds a little like a CNBC analyst, \u003ca href=\"http://en.wikipedia.org/wiki/Dot-com_bubble\">circa 1999\u003c/a>. \u003c/p>\n\u003cp>Meanwhile, the general public is not quite so Facebook bullish. \u003ca href=\"http://www.marketplace.org/topics/business/many-americans-view-facebook-fad\">Marketplace reports\u003c/a>...\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.marketplace.org/node/54342/player/storyplayer\" width=\"650\" height=\"200\" scrolling=\"no\">\u003c/iframe>\u003c/p>\n\u003cp>\u003cstrong>Update 4:15 p.m\u003c/strong>: \u003ca href=\"http://www.marketplace.org/topics/business/facebook-gets-pricier-some-pros-skip-ipo\">And some stock pros as well\u003c/a>...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.marketplace.org/node/54355/player/storyplayer\" width=\"650\" height=\"200\" scrolling=\"no\">\u003c/iframe>\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo1.jpg\">\u003cimg src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/facebook-logo1-300x112.jpg\" alt=\"\" title=\"facebook-logo\" width=\"300\" height=\"112\" class=\"alignright size-medium wp-image-65381\">\u003c/a>\u003ca href=\"https://www.google.com/search?q=facebook+ipo\">Speaking of the Big Facebook Bang\u003c/a>, the California Legislative Analyst's Office \u003ca href=\"http://www.lao.ca.gov/laoapp/budgetlist/PublicSearch.aspx?Yr=2012&KeyCol=596\">upped the estimate of the amount California will reap from the company going public\u003c/a>. The LAO puts the figure at $2.1 billion over the next 13 months if Governor Brown's tax plan passes in November. Without the higher tax rates, the amount falls to $1.6 billion. The governor's May budget revise assumed just $1.9 billion in Facebook revenue with the higher tax rates, and $1.4 billion under the current system. \u003c/p>\n\u003cp>The LAO calculated its totals by assuming a $38 IPO share price, rising to $45 in six months.\u003c/p>\n\u003cp>Facebook today \u003ca href=\"http://news.yahoo.com/facebook-ipo-bring-cash-change-025946510.html\">raised its IPO price\u003c/a> to between $34 to $38 per share, up from $28 to $35. Shares start trading on the Nasdaq on Friday, under the ticker symbol \u003cdel datetime=\"2012-05-15T22:54:58+00:00\">ZUCK\u003c/del> (Ha ha; the symbol is FB.)\u003c/p>\n\u003cp>\"The Facebook IPO is a really large set of financial transactions, and a large portion of the beneficiaries of those transactions live and work in California where Facebook is headquartered,\" Jason Sisney of the LAO's office told KQED's Peter Jon Shuler today. \"And so for the state of California that means these transactions will generate significant personal income tax revenues in the next few months. They will be a lot more if the share price climbs rapidly and stays there...and if more of those Facebook insiders are California taxpayers. We don't know for sure how many of them are, and we don't know for sure how many of them will undertake stock transactions related to the IPO. But we know enough from the filings to know the state revenue impact is going to be substantial. The key question is how big.\" \u003c!--more-->\u003c/p>\n\u003cp>Sisney said the most important factor determining the amount flowing into state coffers is what the share price is about six months from now, when a large volume of \u003ca href=\"https://scs.fidelity.com/webxpress/help/topics/learn_rsus.shtml\">restricted stock units\u003c/a> become exercisable. \"Those are likely to generate the bulk of the taxable income that would produce state revenues in the next year,\" Sisney said. \u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>Sisney also said that under certain scenarios, the state's take could be $1-2 billion dollars greater. \"If the share price were higher or if there were a lot more transactions by Californians than we guessed in this estimate,\" he said.\u003c/p>\n\u003cp>Hmmm, sounds a little like a CNBC analyst, \u003ca href=\"http://en.wikipedia.org/wiki/Dot-com_bubble\">circa 1999\u003c/a>. \u003c/p>\n\u003cp>Meanwhile, the general public is not quite so Facebook bullish. \u003ca href=\"http://www.marketplace.org/topics/business/many-americans-view-facebook-fad\">Marketplace reports\u003c/a>...\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.marketplace.org/node/54342/player/storyplayer\" width=\"650\" height=\"200\" scrolling=\"no\">\u003c/iframe>\u003c/p>\n\u003cp>\u003cstrong>Update 4:15 p.m\u003c/strong>: \u003ca href=\"http://www.marketplace.org/topics/business/facebook-gets-pricier-some-pros-skip-ipo\">And some stock pros as well\u003c/a>...\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>\u003ciframe src=\"http://www.marketplace.org/node/54355/player/storyplayer\" width=\"650\" height=\"200\" scrolling=\"no\">\u003c/iframe>\u003c/p>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>Believe it or not, there's going to come a time when you would rather read \"The Wit and Wisdom of the Octomom\" than hear another word about Facebook. However, that moment (\u003ca href=\"https://www.google.com/search?q=facebook+ipo&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#q=facebook+ipo&hl=en&client=firefox-a&hs=Yy4&rls=org.mozilla:en-US:official&prmd=imvnsu&source=lnms&tbm=nws&ei=Ib6yT-KwLcSQiALR4eSJBA&sa=X&oi=mode_link&ct=mode&cd=5&ved=0CBYQ_AUoBA&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.,cf.osb&fp=a88c44b09619a7a0&biw=1231&bih=496\">this Friday about 9:31 a.m. EDT\u003c/a>) has not yet come. \u003c/p>\n\u003cp>So here...\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/2_hkk6lFTb4\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>Here’s ABC 7’s \u003ca href=\"http://abclocal.go.com/kgo/video?id=8661528\">complete interview with journalist Kara Swisher\u003c/a> of \u003ca href=\"http://allthingsd.com/\">AllThingsD\u003c/a> on the Yahoo! situation. Some interesting insidery observations…\u003c/p>\n\u003cul>\n\u003cli>Employees are “thrilled” that CEO Scott Thompson was given the boot. “The board acted quickly,” Swisher says. “There was a problem and they fixed it. That’s a good sign.” Employees were “in a lot of pain” over the resume situation, and “the sentiment was not on Scott Thompson’s side.” Swisher says employees were not even hiding their names anymore as they called for his ouster on message boards.\n\u003c/li>\u003cli>Thompson’s departure is a big victory for activist shareholder Daniel Loeb, who publicized the false claim of a computer science degree on Thompson’s resume, and is now on the board. \u003c/li>\n\u003cli>The CEO spot could be interim honcho Ross Levinsohn’s to lose. If Yahoo! decides it’s a media company, then Levinsohn, former president of Fox Interactive Media, has the chops to succeed. But if Yahoo’s still a tech company — not so much. \u003c/li>\n\u003cli>Talent churn has been killing the company. Thompson cut a lot of researchers, which makes it hard to recruit new innovators and could create a reputation for the company as “a place innovation goes to die.” \u003c/li>\n\u003cli>There will be more layoffs. The company has too many employees for its potential growth. \u003c/li>\n\u003cli>Yahoo’s main problem has been with its board. The past few year have been a case study in “how to take a company with amazing assets and kick it in the teeth repeatedly until its dead. This board has been quite possibly one of the worst in Internet history.”\n\u003c/li>\n\u003cli>Despite all that, Swisher is bullish on Yahoo’s future, and thinks it’s not moribund at all. “People like Yahoo; it still has a really good brand around the world…It’s got some very strong assets that they should be able to parlay into something if they move quickly. That’s been the problem, they’ve been so stuck in their own knitting…they’ve missed a lot of opportunities. But that doesn’t mean they can’t turn themselves around. Look at Apple… [Yahoo!] doesn’t have a Steve Jobs, of course…but Apple was very close to bankruptcy, had a million products and it was a big mess. If you simplify and go back to the beginnings, you really can do a lot.”\n\u003c/li>\u003c/ul>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"content": "\u003cp>As reported in the \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/14/BAAF1OHFDN.DTL\">Chronicle\u003c/a>, Yosemite Conservancy today activated a webcam of \u003ca href=\"https://www.google.com/search?q=yosemite+falls\">Yosemite Falls\u003c/a>, at 2,425 feet the highest waterfall in North America, and the fifth highest in the world.\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.yosemiteconservancy.org/webcams/yosemite-falls\">\u003cstrong>Click here for Yosemite Falls webcam\u003c/strong>\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>This is the park's fourth webcam. The others are trained on \u003ca href=\"http://www.yosemiteconservancy.org/webcams/el-capitan\">El Capitan\u003c/a>, \u003ca href=\"http://www.yosemiteconservancy.org/webcams/half-dome\">Half Dome\u003c/a>, and an \u003ca href=\"http://www.yosemiteconservancy.org/webcams/high-sierra\">area that includes Tenaya Peak and Clouds Rest\u003c/a>.\u003c/p>\n\u003cp>\"The webcams provide windows into Yosemite for people to plan a visit and to be inspired about the need to preserve and protect one of the world's most unique places,\" said Mike Tollefson, president of Yosemite Conservancy, in a press release. \"This technology makes the park's incredible scenery accessible to anyone, anywhere and at any time. What could be better than starting your day by viewing Yosemite Falls?\"\u003c/p>\n\u003cp>For my money, though, you'd do better checking out the \u003ca href=\"http://www.nps.gov/yose/photosmultimedia/ynn.htm\">Yosemite Nature Notes video podcast\u003c/a>. Here's the \u003ca href=\"http://www.youtube.com/watch?v=2mSNY3TdDZ4\">2009 episode on Yosemite Falls\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\n\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/2mSNY3TdDZ4\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>And check out this footage of the falls in winter, when \"a big conical mound of ice and snow develops...it can grow to be hundreds of feet tall.\" Then...it comes crashing down.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Click on the webcam long enough, maybe you'll see something like this...\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/9V9p4mFEYXc#t=04m16s\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>As reported in the \u003ca href=\"http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/05/14/BAAF1OHFDN.DTL\">Chronicle\u003c/a>, Yosemite Conservancy today activated a webcam of \u003ca href=\"https://www.google.com/search?q=yosemite+falls\">Yosemite Falls\u003c/a>, at 2,425 feet the highest waterfall in North America, and the fifth highest in the world.\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://www.yosemiteconservancy.org/webcams/yosemite-falls\">\u003cstrong>Click here for Yosemite Falls webcam\u003c/strong>\u003c/a>\u003c/li>\n\u003c/ul>\n\u003cp>This is the park's fourth webcam. The others are trained on \u003ca href=\"http://www.yosemiteconservancy.org/webcams/el-capitan\">El Capitan\u003c/a>, \u003ca href=\"http://www.yosemiteconservancy.org/webcams/half-dome\">Half Dome\u003c/a>, and an \u003ca href=\"http://www.yosemiteconservancy.org/webcams/high-sierra\">area that includes Tenaya Peak and Clouds Rest\u003c/a>.\u003c/p>\n\u003cp>\"The webcams provide windows into Yosemite for people to plan a visit and to be inspired about the need to preserve and protect one of the world's most unique places,\" said Mike Tollefson, president of Yosemite Conservancy, in a press release. \"This technology makes the park's incredible scenery accessible to anyone, anywhere and at any time. What could be better than starting your day by viewing Yosemite Falls?\"\u003c/p>\n\u003cp>For my money, though, you'd do better checking out the \u003ca href=\"http://www.nps.gov/yose/photosmultimedia/ynn.htm\">Yosemite Nature Notes video podcast\u003c/a>. Here's the \u003ca href=\"http://www.youtube.com/watch?v=2mSNY3TdDZ4\">2009 episode on Yosemite Falls\u003c/a>:\u003c/p>\n\u003cdiv style=\"text-align: center\">\n\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/2mSNY3TdDZ4\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003c/p>\n\u003cp>And check out this footage of the falls in winter, when \"a big conical mound of ice and snow develops...it can grow to be hundreds of feet tall.\" Then...it comes crashing down.\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Click on the webcam long enough, maybe you'll see something like this...\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/9V9p4mFEYXc#t=04m16s\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\n\u003c/div>\u003c/p>",
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"content": "\u003cp>(AP) Yahoo’s Scott Thompson, who was pressured to give up his CEO post because his official biography included a college degree he never received, reportedly has thyroid cancer.\u003c/p>\n\u003cp>The Wall Street Journal, citing people it did not identify, says that Thompson told Yahoo’s board and several colleagues of his condition before resigning from his role with the company.\u003c/p>\n\u003cp>The newspaper says it was told by one source that Thompson’s decision to resign was partly influenced by his cancer diagnosis.\u003c/p>\n\u003cp>Thompson was hired as Yahoo’s CEO in January to fill a void created by Carol Bartz’s firing.\u003c/p>\n\u003cp>Yahoo Inc. has named Ross Levinsohn as its interim CEO. Levinsohn had a successful stint running Internet services within Rupert Murdoch’s media empire at News Corp. before Bartz hired him in November 2010\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>Yahoo’s stock gained 33 cents, or 2.2 percent, to $15.52 in premarket trading Monday.\u003c/p>\n\n",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>(AP) Yahoo’s Scott Thompson, who was pressured to give up his CEO post because his official biography included a college degree he never received, reportedly has thyroid cancer.\u003c/p>\n\u003cp>The Wall Street Journal, citing people it did not identify, says that Thompson told Yahoo’s board and several colleagues of his condition before resigning from his role with the company.\u003c/p>\n\u003cp>The newspaper says it was told by one source that Thompson’s decision to resign was partly influenced by his cancer diagnosis.\u003c/p>\n\u003cp>Thompson was hired as Yahoo’s CEO in January to fill a void created by Carol Bartz’s firing.\u003c/p>\n\u003cp>Yahoo Inc. has named Ross Levinsohn as its interim CEO. Levinsohn had a successful stint running Internet services within Rupert Murdoch’s media empire at News Corp. before Bartz hired him in November 2010\u003c/p>\n\u003cp>\u003c/p>\u003c/div>",
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"content": "\u003cp>NEW YORK (AP) — Yahoo says it is appointing Ross Levinsohn as interim CEO and Fred Amoroso as chairman of its board, effective immediately.\u003c/p>\n\u003cp>Yahoo says CEO Scott Thompson has left the company. Thompson has been under fire for more than a week over mentions in his resume and company filings of a computer science degree he did not earn.\u003c/p>\n\u003cp>Amoroso was the board member leading the investigation into inaccuracies on Thompson’s resume. Levinsohn is Yahoo’s head of global media.\u003c/p>\n\u003cp>Third Point, the hedge fund that owns a 6 percent stake in Yahoo, has pushed for the changes. Third Point CEO Dan Loeb and two of his nominees will join Yahoo’s board. Four directors who had planned to retire at the annual meeting will step down immediately.\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>\u003c/p>\n",
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"slug": "a-discussion-on-ethics-vis-a-vis-yahoos-scott-thompson",
"title": "A Discussion on Ethics Vis-à-Vis Yahoo's Scott Thompson",
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"content": "\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/yahoo.jpeg\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/yahoo.jpeg\" alt=\"\" title=\"yahoo\" width=\"268\" height=\"188\" class=\"alignright size-full wp-image-64806\">\u003c/a>Judging by the media coverage, seems to me at this point we may have a Dead CEO walking…\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/BT-CO-20120508-717855.html\">Yahoo Committee To Review Scott Thompson’s Academic Record\u003c/a> (Dow Jones Newswires)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-ceo-scott-thompson-has-a-lucrative-compensation-package-2012-5\">Scott Thompson Has Already Cost Yahoo $7 Million\u003c/a> (Business Insider)\u003c/li>\n\u003cli>\u003ca href=\"http://allthingsd.com/20120508/exclusive-yahoo-director-in-charge-of-botched-ceo-vetting-to-step-down-from-board/\">Yahoo Director in Charge of Botched CEO Vetting to Step Down From Board\u003c/a> (AllThingsD)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-exec-firing-the-board-member-who-vetted-thompson-sends-an-incredibly-twisted-message-2012-5\">Yahoo Exec: Firing The Board Member Who Vetted Thompson ‘Sends An Incredibly Twisted Message\u003c/a> (Business Insider)\n\u003c/li>\u003cli>\u003ca href=\"http://www.forbes.com/sites/erikamorphy/2012/05/08/the-dirt-on-scott-thompson-will-bury-yahoo-too-something-dan-loeb-probably-didnt-consider/\">The Dirt on Scott Thompson Will Bury Yahoo Too\u003c/a> (Forbes)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/david-kennys-yahoo-bio-2012-5\">Yahoo Board Member David Kenny Just Made The Tiniest Change To His Biography\u003c/a> (Business Insider)\n\u003c/li>\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-employees-are-livid-over-thompsons-resume-scandal-2012-5\">Yahoo Employees Are Angry At Thompson: ‘How angry? LIVID!’\u003c/a> (Business Insider)\n\u003c/li>\u003c/ul>\n\u003cp>Thompson is in way-hot water over the revelation by a minority stakeholder that the CEO — only five months into his reign — does not in fact have a degree in computer science, as stated on his resume. \u003c/p>\n\u003cp>The Yahoo! board called the claim an “inadvertent error,” which as you can imagine did not exactly put out the fire. Now everybody’s talking about it — it’s even on the front page of the \u003ca href=\"http://news.yahoo.com/business/\">business section of Yahoo! News\u003c/a>.\u003c/p>\n\u003cp>Today on KQED Public Radio’s Forum program, host Michael Krasny discussed l’affaire Thomspon with Kirk Hanson, Executive Director of \u003ca href=\"http://www.scu.edu/ethics/\">The Markkula Center for Applied Ethics\u003c/a> at Santa Clara University. Edited transcript after the audio…\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>…\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>HOST MICHAEL KRASNY\u003c/strong>: In 2010, a survey was conducted by HireRight, and it was revealed that nearly 70 percent of 1,818 men and women queried in the survey lied on their resumes. The most common lie was educational attainment. This Forum hour we want to discuss the case of Yahoo!’s Scott Thompson and resume padding. \u003c/p>\n\u003cp>Joining us from the Santa Clara campus at Santa Clara University is Kirk Hanson. He is executive director of Markkula Center for Applied Ethics, and he’s researching a new book with the working title Unavoidable Ethical Dilemmas in a Business Career, which he says number one is presenting yourself accurately on your resume.\u003c/p>\n\u003cp>Well, the key question here, and listeners will doubtless want to weigh in on this in droves, is what’s the right thing for the board to do in light of this ethical lapse?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well I think the board’s in a hard place. Clearly, there would be great pain in having to replace the CEO again. Unfortunately, when something like this happens, and someone’s deception is revealed like this, they have a very hard time continuing to function effectively as CEO. \u003c/p>\n\u003cp>There are really two reasons. One: There will always be lingering questions about their truthfulness. Can the board rely on them always to tell the board everything they should know and never to embellish? Can employees count on that? Can customers who are told capabilities of software, or whatever, count on the CEO’s word?\u003c/p>\n\u003cp>And then the second thing is: Can the CEO be a moral leader in the organization? Organizations, we know, have a pattern — behavior runs downhill, and if the CEO exaggerates a little, you probably will expect a lot of exaggeration down in the organization. \u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: What about the argument that Thompson was hired for talents and abilities that he’s displayed since college, not whether he was in a computer lab time in his teens. That what matters is, well, the bottom line.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well, I think that’s what ironic about this. If there’s someone who doesn’t appear to have needed this kind of boost to their resume, it’s probably Scott Thompson, who’s developed a good record in Silicon Valley. And clearly there’s no question about his technical capability to run Yahoo! The problem is that a CEO is not just a technical leader, they’re an organizational leader and a moral leader.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: We have Richard Blumenthal, who was elected to the Senate in Connecticut and who said he was in combat in Vietnam. He was elected in spite of the revelation that he lied about being in combat in Vietnam. And there are other precedents. \u003c/p>\n\u003cp>And the CEO of Bausch & Lomb said he had an MBA. He didn’t. The board said it would not accept his resignation, and he lost a bonus and a year, but he stayed on as CEO.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: And I’ve not seen an evaluation of how that worked out for Bausch & Lomb in the long term, but I think the difficulty is that things continue to change, and the potential for this being a negative for a company actually has ratcheted up as the years have gone on during the last 10 years — if for no other reason than you’ve got dissident shareholders like Third Point out there who are going to try to make trouble over it. \u003c/p>\n\u003cp>Clearly, the world of opposition research, which we’ve come to know in politics, has entered into the corporate arena. Clearly, what Third Point did was go through the resumes with a fine-toothed comb and try to uncover things to embarrass the company.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well, they’re not only calling for his head — Daniel Loeb — but also the Executive Search Leader Patti Hart, who they also say has a degree that is suspect. [Note: She \u003ca href=\"http://online.wsj.com/article/SB10001424052702304451104577392184089264016.html\">stepped down from the board\u003c/a> today.] A lot of this may be political. And Daniel Loeb was wanting to get on the board of Yahoo! and didn’t — was sort of spurned by the board, which may be why there’s this scorched earth attitude. But I’m reading a quote of his. He says, “CEOs have been terminated for less in other companies.” He’s absolutely right.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well, he’s right. They’ve been terminated for less. You point out, the Bausch & Lomb case, and there are several others where the individuals have been kept on. In part, it depends upon the full disclosure. If the Yahoo! board, at this point, could make a brand new decision, they might choose to keep him on, but at the same time I think I would argue that the potential downside for the company, and the continuing questions about trustworthiness just don’t make it worthwhile.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>:Let’s talk about some of the precedents on that side. Radio Shack CEO David Edmondson resigned less than nine months after it turned out he didn’t have a degree, as he said he did, in theology and psychology. There was another case, a football coach — George O’Leary resigned five days on the job because he didn’t have a masters in education from NYU, and didn’t play football like he said he did.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I think what that demonstrates is these things that you add to your resume early in a career often stay there. It’s hard to back out of a lie after a period of time when you might want to. And eventually this time bomb blows up on you at the most inopportune moment. Clearly, when George O’Leary stepped into the big time — the kind of public attention a Notre Dame football coach gets — people started to look back at his resume in much greater detail than they had before. \u003c/p>\n\u003cp>So why would someone do this? I think it’s pretty clear — and that’s what the research we’ve done has indicated about early in people’s careers — they want to present themselves in the very best light. They’ve been told, hey, it’s your brand — “You Inc.” What you’ve got to do is establish your credential and your marketing of yourself. \u003c/p>\n\u003cp>And people go overboard, just like some companies puff their products. Individuals, at least a substantial percentage of them some of these surveys indicate, succumb to the temptation to exaggerate and expand upon their accomplishments. And then, once they get the job, arguably they’ve shown their capabilities and they don’t need that kind of fake boost to their resume, but it’s very hard to back out of it.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well he’s almost assured of another job, because of his track record, but it does say some things that are troubling about his character, and that’s where a lot of the criticism has rested. Also, four months on the job, he’s laid off 2,000 employees worldwide. It may save the company about $376 million, but a lot of the employees he just recently apologized to are quite angry about that.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I think there’s no question that anything he’s done during the last five months, once his character has been questioned, will come to be points of criticism. To some extent, that’s piling on, and this is a sad case all around. It’s sad for Scott Thompson, it’s sad for the shareholders of Yahoo!, but there are times when you simply have to cut your losses and move forward. \u003c/p>\n\u003cp>And it seems to me for the board, that’s what’s called for at this point in time, and in some ways for Scott Thompson, that this is a life lesson which will obviously always stay with him and be on his resume and the search results about him, but nonetheless perhaps it’s time for everyone to move on.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well, I may be mistaken about this, but doesn’t Yahoo! have a policy that if someone lies on their resume, they’re out?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I don’t’ know whether the company ethics code says that. But that is very common among companies. I’ve seen companies that review resumes from students who’ve graduated from some of our programs, find an error, something they think is substantially exaggerated, and that person is simply dropped from all consideration immediately. \u003c/p>\n\u003cp>Similarly if something of significance like a degree is found not to be entirely true, those individuals in most companies would be fired immediately, no matter how many months beyond the hiring event.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: The real lesson here is don’t pad you resume. But according to statistics it appears that most people do pad their resumes….\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: There’s become a culture of stacking your college-going resume, your applications for college with fake clubs, fake volunteer activities. And the repercussions from that are generally less, and therefore some people get in the pattern.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: One has to ask, just how good are screening processes or vetting processes?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: In this case of Yahoo!, the question is, “Who’s at fault for this?” Obviously, Scott Thompson is for having put it on the resume. But it’s also the fault of the search committee. In this case, apparently they did not use a search consultant. The search committee did it itself. \u003c/p>\n\u003cp>In this day and age you cannot afford not to do very detailed checking of the credentials and the claims that are on a resume, particularly if it’s going to be a CEO that’s going to be a part of your submissions to the Securities and Exchange Commission and so on. And apparently the search committee did not do their job here. \u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Do you think would Thompson have been where he was or gone to where he went without a computer science degree?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: It’s possible that he wouldn’t have gotten the first step on the first rung of the ladder, and that’s the motivation that people have to add something to their resume. \u003c/p>\n\u003cp>It isn’t relevant probably to his getting the job at Yahoo!, or maybe even at PayPal. Earlier in his career it may have been the key to getting on the ladder. \u003c/p>\n\u003cp>There’s a huge risk individuals take who make this kind of moral choice to embellish their resume, and that is that eventually this is going to come back to haunt you — probably at the least opportune time. \u003c/p>\n\u003cp>We’re in a very different world in terms of our ability to check these facts. And we used to say we could check the degrees, but it was very hard to check the claims about what kind of projects you worked on or whatever else. But that’s becoming increasingly easy as people use websites like LinkedIn and others. Lots of individuals, including those you worked with before, look over your resume and have the opportunity to weigh in either privately or publicly about whether your role really was as great as that.\u003c/p>\n\u003cp>There’s a LinkedIn claim that the resumes on their site are more honest than the typical resumes, and I think its probably because of the public nature of LinkedIn and other sites like it where individuals put their whole job history up, and the whole world can look at it and inevitably somebody who’s worked with you in the past can detect the exaggerations and errors and call you on it.\n\u003c/p>\u003c/blockquote>\n\u003cp>[ad fullwidth]\u003c/p>\u003cp>[ad floatright]\u003c/p>\n",
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"title": "A Discussion on Ethics Vis-à-Vis Yahoo's Scott Thompson | KQED",
"description": "Judging by the media coverage, seems to me at this point we may have a Dead CEO walking… Yahoo Committee To Review Scott Thompson’s Academic Record (Dow Jones Newswires) Scott Thompson Has Already Cost Yahoo $7 Million (Business Insider) Yahoo Director in Charge of Botched CEO Vetting to Step Down From Board (AllThingsD) Yahoo Exec:",
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"content": "\u003cdiv class=\"post-body\">\u003cp>\u003cp>\u003ca href=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/yahoo.jpeg\">\u003cimg loading=\"lazy\" decoding=\"async\" src=\"http://ww2.kqed.org/news/wp-content/uploads/sites/10/2012/05/yahoo.jpeg\" alt=\"\" title=\"yahoo\" width=\"268\" height=\"188\" class=\"alignright size-full wp-image-64806\">\u003c/a>Judging by the media coverage, seems to me at this point we may have a Dead CEO walking…\u003c/p>\n\u003cul>\n\u003cli>\u003ca href=\"http://online.wsj.com/article/BT-CO-20120508-717855.html\">Yahoo Committee To Review Scott Thompson’s Academic Record\u003c/a> (Dow Jones Newswires)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-ceo-scott-thompson-has-a-lucrative-compensation-package-2012-5\">Scott Thompson Has Already Cost Yahoo $7 Million\u003c/a> (Business Insider)\u003c/li>\n\u003cli>\u003ca href=\"http://allthingsd.com/20120508/exclusive-yahoo-director-in-charge-of-botched-ceo-vetting-to-step-down-from-board/\">Yahoo Director in Charge of Botched CEO Vetting to Step Down From Board\u003c/a> (AllThingsD)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-exec-firing-the-board-member-who-vetted-thompson-sends-an-incredibly-twisted-message-2012-5\">Yahoo Exec: Firing The Board Member Who Vetted Thompson ‘Sends An Incredibly Twisted Message\u003c/a> (Business Insider)\n\u003c/li>\u003cli>\u003ca href=\"http://www.forbes.com/sites/erikamorphy/2012/05/08/the-dirt-on-scott-thompson-will-bury-yahoo-too-something-dan-loeb-probably-didnt-consider/\">The Dirt on Scott Thompson Will Bury Yahoo Too\u003c/a> (Forbes)\u003c/li>\n\u003cli>\u003ca href=\"http://www.businessinsider.com/david-kennys-yahoo-bio-2012-5\">Yahoo Board Member David Kenny Just Made The Tiniest Change To His Biography\u003c/a> (Business Insider)\n\u003c/li>\u003cli>\u003ca href=\"http://www.businessinsider.com/yahoo-employees-are-livid-over-thompsons-resume-scandal-2012-5\">Yahoo Employees Are Angry At Thompson: ‘How angry? LIVID!’\u003c/a> (Business Insider)\n\u003c/li>\u003c/ul>\n\u003cp>Thompson is in way-hot water over the revelation by a minority stakeholder that the CEO — only five months into his reign — does not in fact have a degree in computer science, as stated on his resume. \u003c/p>\n\u003cp>The Yahoo! board called the claim an “inadvertent error,” which as you can imagine did not exactly put out the fire. Now everybody’s talking about it — it’s even on the front page of the \u003ca href=\"http://news.yahoo.com/business/\">business section of Yahoo! News\u003c/a>.\u003c/p>\n\u003cp>Today on KQED Public Radio’s Forum program, host Michael Krasny discussed l’affaire Thomspon with Kirk Hanson, Executive Director of \u003ca href=\"http://www.scu.edu/ethics/\">The Markkula Center for Applied Ethics\u003c/a> at Santa Clara University. Edited transcript after the audio…\u003c/p>\n\u003cp>\u003cem>Edited transcript\u003c/em>…\u003c/p>\n\u003cblockquote>\u003cp>\u003cstrong>HOST MICHAEL KRASNY\u003c/strong>: In 2010, a survey was conducted by HireRight, and it was revealed that nearly 70 percent of 1,818 men and women queried in the survey lied on their resumes. The most common lie was educational attainment. This Forum hour we want to discuss the case of Yahoo!’s Scott Thompson and resume padding. \u003c/p>\n\u003cp>Joining us from the Santa Clara campus at Santa Clara University is Kirk Hanson. He is executive director of Markkula Center for Applied Ethics, and he’s researching a new book with the working title Unavoidable Ethical Dilemmas in a Business Career, which he says number one is presenting yourself accurately on your resume.\u003c/p>\n\u003cp>Well, the key question here, and listeners will doubtless want to weigh in on this in droves, is what’s the right thing for the board to do in light of this ethical lapse?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well I think the board’s in a hard place. Clearly, there would be great pain in having to replace the CEO again. Unfortunately, when something like this happens, and someone’s deception is revealed like this, they have a very hard time continuing to function effectively as CEO. \u003c/p>\n\u003cp>There are really two reasons. One: There will always be lingering questions about their truthfulness. Can the board rely on them always to tell the board everything they should know and never to embellish? Can employees count on that? Can customers who are told capabilities of software, or whatever, count on the CEO’s word?\u003c/p>\n\u003cp>And then the second thing is: Can the CEO be a moral leader in the organization? Organizations, we know, have a pattern — behavior runs downhill, and if the CEO exaggerates a little, you probably will expect a lot of exaggeration down in the organization. \u003c!--more-->\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: What about the argument that Thompson was hired for talents and abilities that he’s displayed since college, not whether he was in a computer lab time in his teens. That what matters is, well, the bottom line.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well, I think that’s what ironic about this. If there’s someone who doesn’t appear to have needed this kind of boost to their resume, it’s probably Scott Thompson, who’s developed a good record in Silicon Valley. And clearly there’s no question about his technical capability to run Yahoo! The problem is that a CEO is not just a technical leader, they’re an organizational leader and a moral leader.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: We have Richard Blumenthal, who was elected to the Senate in Connecticut and who said he was in combat in Vietnam. He was elected in spite of the revelation that he lied about being in combat in Vietnam. And there are other precedents. \u003c/p>\n\u003cp>And the CEO of Bausch & Lomb said he had an MBA. He didn’t. The board said it would not accept his resignation, and he lost a bonus and a year, but he stayed on as CEO.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: And I’ve not seen an evaluation of how that worked out for Bausch & Lomb in the long term, but I think the difficulty is that things continue to change, and the potential for this being a negative for a company actually has ratcheted up as the years have gone on during the last 10 years — if for no other reason than you’ve got dissident shareholders like Third Point out there who are going to try to make trouble over it. \u003c/p>\n\u003cp>Clearly, the world of opposition research, which we’ve come to know in politics, has entered into the corporate arena. Clearly, what Third Point did was go through the resumes with a fine-toothed comb and try to uncover things to embarrass the company.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well, they’re not only calling for his head — Daniel Loeb — but also the Executive Search Leader Patti Hart, who they also say has a degree that is suspect. [Note: She \u003ca href=\"http://online.wsj.com/article/SB10001424052702304451104577392184089264016.html\">stepped down from the board\u003c/a> today.] A lot of this may be political. And Daniel Loeb was wanting to get on the board of Yahoo! and didn’t — was sort of spurned by the board, which may be why there’s this scorched earth attitude. But I’m reading a quote of his. He says, “CEOs have been terminated for less in other companies.” He’s absolutely right.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: Well, he’s right. They’ve been terminated for less. You point out, the Bausch & Lomb case, and there are several others where the individuals have been kept on. In part, it depends upon the full disclosure. If the Yahoo! board, at this point, could make a brand new decision, they might choose to keep him on, but at the same time I think I would argue that the potential downside for the company, and the continuing questions about trustworthiness just don’t make it worthwhile.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>:Let’s talk about some of the precedents on that side. Radio Shack CEO David Edmondson resigned less than nine months after it turned out he didn’t have a degree, as he said he did, in theology and psychology. There was another case, a football coach — George O’Leary resigned five days on the job because he didn’t have a masters in education from NYU, and didn’t play football like he said he did.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I think what that demonstrates is these things that you add to your resume early in a career often stay there. It’s hard to back out of a lie after a period of time when you might want to. And eventually this time bomb blows up on you at the most inopportune moment. Clearly, when George O’Leary stepped into the big time — the kind of public attention a Notre Dame football coach gets — people started to look back at his resume in much greater detail than they had before. \u003c/p>\n\u003cp>So why would someone do this? I think it’s pretty clear — and that’s what the research we’ve done has indicated about early in people’s careers — they want to present themselves in the very best light. They’ve been told, hey, it’s your brand — “You Inc.” What you’ve got to do is establish your credential and your marketing of yourself. \u003c/p>\n\u003cp>And people go overboard, just like some companies puff their products. Individuals, at least a substantial percentage of them some of these surveys indicate, succumb to the temptation to exaggerate and expand upon their accomplishments. And then, once they get the job, arguably they’ve shown their capabilities and they don’t need that kind of fake boost to their resume, but it’s very hard to back out of it.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well he’s almost assured of another job, because of his track record, but it does say some things that are troubling about his character, and that’s where a lot of the criticism has rested. Also, four months on the job, he’s laid off 2,000 employees worldwide. It may save the company about $376 million, but a lot of the employees he just recently apologized to are quite angry about that.\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I think there’s no question that anything he’s done during the last five months, once his character has been questioned, will come to be points of criticism. To some extent, that’s piling on, and this is a sad case all around. It’s sad for Scott Thompson, it’s sad for the shareholders of Yahoo!, but there are times when you simply have to cut your losses and move forward. \u003c/p>\n\u003cp>And it seems to me for the board, that’s what’s called for at this point in time, and in some ways for Scott Thompson, that this is a life lesson which will obviously always stay with him and be on his resume and the search results about him, but nonetheless perhaps it’s time for everyone to move on.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Well, I may be mistaken about this, but doesn’t Yahoo! have a policy that if someone lies on their resume, they’re out?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: I don’t’ know whether the company ethics code says that. But that is very common among companies. I’ve seen companies that review resumes from students who’ve graduated from some of our programs, find an error, something they think is substantially exaggerated, and that person is simply dropped from all consideration immediately. \u003c/p>\n\u003cp>Similarly if something of significance like a degree is found not to be entirely true, those individuals in most companies would be fired immediately, no matter how many months beyond the hiring event.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: The real lesson here is don’t pad you resume. But according to statistics it appears that most people do pad their resumes….\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: There’s become a culture of stacking your college-going resume, your applications for college with fake clubs, fake volunteer activities. And the repercussions from that are generally less, and therefore some people get in the pattern.\u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: One has to ask, just how good are screening processes or vetting processes?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: In this case of Yahoo!, the question is, “Who’s at fault for this?” Obviously, Scott Thompson is for having put it on the resume. But it’s also the fault of the search committee. In this case, apparently they did not use a search consultant. The search committee did it itself. \u003c/p>\n\u003cp>In this day and age you cannot afford not to do very detailed checking of the credentials and the claims that are on a resume, particularly if it’s going to be a CEO that’s going to be a part of your submissions to the Securities and Exchange Commission and so on. And apparently the search committee did not do their job here. \u003c/p>\n\u003cp>\u003cstrong>KRASNY\u003c/strong>: Do you think would Thompson have been where he was or gone to where he went without a computer science degree?\u003c/p>\n\u003cp>\u003cstrong>HANSON\u003c/strong>: It’s possible that he wouldn’t have gotten the first step on the first rung of the ladder, and that’s the motivation that people have to add something to their resume. \u003c/p>\n\u003cp>It isn’t relevant probably to his getting the job at Yahoo!, or maybe even at PayPal. Earlier in his career it may have been the key to getting on the ladder. \u003c/p>\n\u003cp>There’s a huge risk individuals take who make this kind of moral choice to embellish their resume, and that is that eventually this is going to come back to haunt you — probably at the least opportune time. \u003c/p>\n\u003cp>We’re in a very different world in terms of our ability to check these facts. And we used to say we could check the degrees, but it was very hard to check the claims about what kind of projects you worked on or whatever else. But that’s becoming increasingly easy as people use websites like LinkedIn and others. Lots of individuals, including those you worked with before, look over your resume and have the opportunity to weigh in either privately or publicly about whether your role really was as great as that.\u003c/p>\n\u003cp>There’s a LinkedIn claim that the resumes on their site are more honest than the typical resumes, and I think its probably because of the public nature of LinkedIn and other sites like it where individuals put their whole job history up, and the whole world can look at it and inevitably somebody who’s worked with you in the past can detect the exaggerations and errors and call you on it.\n\u003c/p>\u003c/blockquote>\n\u003cp>\u003c/p>\u003c/div>",
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"disqusTitle": "Nevada Approves License For Google to Test Self-Driving Cars on Public Streets",
"title": "Nevada Approves License For Google to Test Self-Driving Cars on Public Streets",
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"content": "\u003cp>(AP) Nevada drivers could soon be sharing the road with vehicles that don't need them.\u003c/p>\n\u003cp>Department of Motor Vehicles officials said Monday they've issued Google the nation's first license to test self-driving cars on public streets, after conducting demonstrations on the Las Vegas Strip and in Carson City that show the car is as safe -- or perhaps safer -- than a human.\u003c/p>\n\u003cp>\"It gets honked at more often because it's being safe,\" said Nevada DMV Director Bruce Breslow.\u003c/p>\n\u003cp>Self-driving vehicle technology works like autopilot to guide a car -- in this case a modified Prius -- with little or no intervention from a human operator.\u003c/p>\n\u003cdiv style=\"text-align: center\">\u003ciframe width=\"480\" height=\"274\" src=\"http://www.youtube.com/embed/cdgQpa1pUUE\" frameborder=\"0\">\u003c/iframe>\u003c/div>\n\u003cp>\u003c/p>\n\u003cp>[ad fullwidth]\u003c/p>\n\u003cp>Laser radar mounted on the roof and in the grill detects pedestrians, cyclists and other vehicles, creating a virtual buffer zone around the obstacles that the car then avoids.\u003c/p>\n\u003cp>While some envision the robotic car dropping off its operator at the front of the mall and hunting for a parking spot on its own, Breslow said not so fast.\u003c/p>\n\u003cp>Nevada's regulations require two people in the test cars at all times. One person is behind the wheel, while the other person monitors a computer screen that shows the car's planned route and keeps tabs on roadway hazards and traffic lights.\u003c/p>\n\u003cp>If there's a glitch, the human driver can override the autonomous auto with a tap on the brake or a hand on the steering wheel.\u003c/p>\n\u003cp>Last summer, Nevada Gov. Brian Sandoval took the car for a spin in and around the state's quiet capital city.\u003c/p>\n\u003cp>But Las Vegas Boulevard, where costumed superheroes routinely take the crosswalks and massive billboards angle for the attention of starry-eyed tourists, was perhaps best suited to test the car's main purpose.\u003c/p>\n\u003cp>\"They're designed to avoid distracted driving,\" Breslow said. \"When you're on the Strip and there's a huge truck with three scantily clad women on the side, the car only sees a box.\"\u003c/p>\n\u003cp>\u003c/p>\n\u003cp>So far, Google's applied to license three test vehicles. Breslow said the cars will display red plates and an infinity symbol to represent their status as vehicles of the future.\u003c/p>\n\n",
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"airtime": "SUN 1pm-2pm, TUE 10pm, WED 1am",
"meta": {
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"source": "City Arts & Lectures"
},
"link": "https://www.cityarts.net",
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},
"closealltabs": {
"id": "closealltabs",
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"order": 1
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"title": "Code Switch / Life Kit",
"info": "\u003cem>Code Switch\u003c/em>, which listeners will hear in the first part of the hour, has fearless and much-needed conversations about race. Hosted by journalists of color, the show tackles the subject of race head-on, exploring how it impacts every part of society — from politics and pop culture to history, sports and more.\u003cbr />\u003cbr />\u003cem>Life Kit\u003c/em>, which will be in the second part of the hour, guides you through spaces and feelings no one prepares you for — from finances to mental health, from workplace microaggressions to imposter syndrome, from relationships to parenting. The show features experts with real world experience and shares their knowledge. Because everyone needs a little help being human.\u003cbr />\u003cbr />\u003ca href=\"https://www.npr.org/podcasts/510312/codeswitch\">\u003cem>Code Switch\u003c/em> offical site and podcast\u003c/a>\u003cbr />\u003ca href=\"https://www.npr.org/lifekit\">\u003cem>Life Kit\u003c/em> offical site and podcast\u003c/a>\u003cbr />",
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"id": "commonwealth-club",
"title": "Commonwealth Club of California Podcast",
"info": "The Commonwealth Club of California is the nation's oldest and largest public affairs forum. As a non-partisan forum, The Club brings to the public airwaves diverse viewpoints on important topics. The Club's weekly radio broadcast - the oldest in the U.S., dating back to 1924 - is carried across the nation on public radio stations and is now podcasting. Our website archive features audio of our recent programs, as well as selected speeches from our long and distinguished history. This podcast feed is usually updated twice a week and is always un-edited.",
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"source": "Commonwealth Club of California"
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"google": "https://podcasts.google.com/feed/aHR0cDovL3d3dy5jb21tb253ZWFsdGhjbHViLm9yZy9hdWRpby9wb2RjYXN0L3dlZWtseS54bWw",
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"title": "Forum",
"tagline": "The conversation starts here",
"info": "KQED’s live call-in program discussing local, state, national and international issues, as well as in-depth interviews.",
"airtime": "MON-FRI 9am-11am, 10pm-11pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Forum-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED Forum with Mina Kim and Alexis Madrigal",
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"order": 9
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"meta": {
"site": "radio",
"source": "WNYC"
},
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"subscribe": {
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"apple": "https://itunes.apple.com/us/podcast/freakonomics-radio/id354668519",
"tuneIn": "https://tunein.com/podcasts/WNYC-Podcasts/Freakonomics-Radio-p272293/",
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},
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"id": "fresh-air",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=214089682&at=11l79Y&ct=nprdirectory",
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"info": "A live production of NPR and WBUR Boston, in collaboration with stations across the country, Here & Now reflects the fluid world of news as it's happening in the middle of the day, with timely, in-depth news, interviews and conversation. Hosted by Robin Young, Jeremy Hobson and Tonya Mosley.",
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"hidden-brain": {
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"info": "Shankar Vedantam uses science and storytelling to reveal the unconscious patterns that drive human behavior, shape our choices and direct our relationships.",
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"airtime": "SUN 7pm-8pm",
"meta": {
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"source": "NPR"
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"how-i-built-this": {
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"title": "How I Built This with Guy Raz",
"info": "Guy Raz dives into the stories behind some of the world's best known companies. How I Built This weaves a narrative journey about innovators, entrepreneurs and idealists—and the movements they built.",
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"airtime": "SUN 7:30pm-8pm",
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"link": "/radio/program/how-i-built-this",
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"apple": "https://itunes.apple.com/us/podcast/how-i-built-this-with-guy-raz/id1150510297?mt=2",
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"hyphenacion": {
"id": "hyphenacion",
"title": "Hyphenación",
"tagline": "Where conversation and cultura meet",
"info": "What kind of no sabo word is Hyphenación? For us, it’s about living within a hyphenation. Like being a third-gen Mexican-American from the Texas border now living that Bay Area Chicano life. Like Xorje! Each week we bring together a couple of hyphenated Latinos to talk all about personal life choices: family, careers, relationships, belonging … everything is on the table. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/03/Hyphenacion_FinalAssets_PodcastTile.png",
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"officialWebsiteLink": "/podcasts/hyphenacion",
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"order": 15
},
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},
"jerrybrown": {
"id": "jerrybrown",
"title": "The Political Mind of Jerry Brown",
"tagline": "Lessons from a lifetime in politics",
"info": "The Political Mind of Jerry Brown brings listeners the wisdom of the former Governor, Mayor, and presidential candidate. Scott Shafer interviewed Brown for more than 40 hours, covering the former governor's life and half-century in the political game – and Brown has some lessons he'd like to share. ",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/The-Political-Mind-of-Jerry-Brown-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/jerrybrown",
"meta": {
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"order": 18
},
"link": "/podcasts/jerrybrown",
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},
"latino-usa": {
"id": "latino-usa",
"title": "Latino USA",
"airtime": "MON 1am-2am, SUN 6pm-7pm",
"info": "Latino USA, the radio journal of news and culture, is the only national, English-language radio program produced from a Latino perspective.",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/latinoUsa.jpg",
"officialWebsiteLink": "http://latinousa.org/",
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"link": "/radio/program/latino-usa",
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"apple": "https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?s=143441&mt=2&id=79681317&at=11l79Y&ct=nprdirectory",
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"rss": "https://feeds.npr.org/510016/podcast.xml"
}
},
"marketplace": {
"id": "marketplace",
"title": "Marketplace",
"info": "Our flagship program, helmed by Kai Ryssdal, examines what the day in money delivered, through stories, conversations, newsworthy numbers and more. Updated Monday through Friday at about 3:30 p.m. PT.",
"airtime": "MON-FRI 4pm-4:30pm, MON-WED 6:30pm-7pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Marketplace-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.marketplace.org/",
"meta": {
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"source": "American Public Media"
},
"link": "/radio/program/marketplace",
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},
"masters-of-scale": {
"id": "masters-of-scale",
"title": "Masters of Scale",
"info": "Masters of Scale is an original podcast in which LinkedIn co-founder and Greylock Partner Reid Hoffman sets out to describe and prove theories that explain how great entrepreneurs take their companies from zero to a gazillion in ingenious fashion.",
"airtime": "Every other Wednesday June 12 through October 16 at 8pm (repeats Thursdays at 2am)",
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"officialWebsiteLink": "https://mastersofscale.com/",
"meta": {
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"source": "WaitWhat"
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"rss": "https://rss.art19.com/masters-of-scale"
}
},
"mindshift": {
"id": "mindshift",
"title": "MindShift",
"tagline": "A podcast about the future of learning and how we raise our kids",
"info": "The MindShift podcast explores the innovations in education that are shaping how kids learn. Hosts Ki Sung and Katrina Schwartz introduce listeners to educators, researchers, parents and students who are developing effective ways to improve how kids learn. We cover topics like how fed-up administrators are developing surprising tactics to deal with classroom disruptions; how listening to podcasts are helping kids develop reading skills; the consequences of overparenting; and why interdisciplinary learning can engage students on all ends of the traditional achievement spectrum. This podcast is part of the MindShift education site, a division of KQED News. KQED is an NPR/PBS member station based in San Francisco. You can also visit the MindShift website for episodes and supplemental blog posts or tweet us \u003ca href=\"https://twitter.com/MindShiftKQED\">@MindShiftKQED\u003c/a> or visit us at \u003ca href=\"/mindshift\">MindShift.KQED.org\u003c/a>",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/Mindshift-Podcast-Tile-703x703-1.jpg",
"imageAlt": "KQED MindShift: How We Will Learn",
"officialWebsiteLink": "/mindshift/",
"meta": {
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"source": "kqed",
"order": 12
},
"link": "/podcasts/mindshift",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5tZWdhcGhvbmUuZm0vS1FJTkM1NzY0NjAwNDI5",
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}
},
"morning-edition": {
"id": "morning-edition",
"title": "Morning Edition",
"info": "\u003cem>Morning Edition\u003c/em> takes listeners around the country and the world with multi-faceted stories and commentaries every weekday. Hosts Steve Inskeep, David Greene and Rachel Martin bring you the latest breaking news and features to prepare you for the day.",
"airtime": "MON-FRI 3am-9am",
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"officialWebsiteLink": "https://www.npr.org/programs/morning-edition/",
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"onourwatch": {
"id": "onourwatch",
"title": "On Our Watch",
"tagline": "Deeply-reported investigative journalism",
"info": "For decades, the process for how police police themselves has been inconsistent – if not opaque. In some states, like California, these proceedings were completely hidden. After a new police transparency law unsealed scores of internal affairs files, our reporters set out to examine these cases and the shadow world of police discipline. On Our Watch brings listeners into the rooms where officers are questioned and witnesses are interrogated to find out who this system is really protecting. Is it the officers, or the public they've sworn to serve?",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/On-Our-Watch-Podcast-Tile-703x703-1.jpg",
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"officialWebsiteLink": "/podcasts/onourwatch",
"meta": {
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"source": "kqed",
"order": 11
},
"link": "/podcasts/onourwatch",
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"google": "https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5ucHIub3JnLzUxMDM2MC9wb2RjYXN0LnhtbD9zYz1nb29nbGVwb2RjYXN0cw",
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},
"on-the-media": {
"id": "on-the-media",
"title": "On The Media",
"info": "Our weekly podcast explores how the media 'sausage' is made, casts an incisive eye on fluctuations in the marketplace of ideas, and examines threats to the freedom of information and expression in America and abroad. For one hour a week, the show tries to lift the veil from the process of \"making media,\" especially news media, because it's through that lens that we see the world and the world sees us",
"airtime": "SUN 2pm-3pm, MON 12am-1am",
"imageSrc": "https://ww2.kqed.org/radio/wp-content/uploads/sites/50/2018/04/onTheMedia.png",
"officialWebsiteLink": "https://www.wnycstudios.org/shows/otm",
"meta": {
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"source": "wnyc"
},
"link": "/radio/program/on-the-media",
"subscribe": {
"apple": "https://itunes.apple.com/us/podcast/on-the-media/id73330715?mt=2",
"tuneIn": "https://tunein.com/radio/On-the-Media-p69/",
"rss": "http://feeds.wnyc.org/onthemedia"
}
},
"pbs-newshour": {
"id": "pbs-newshour",
"title": "PBS NewsHour",
"info": "Analysis, background reports and updates from the PBS NewsHour putting today's news in context.",
"airtime": "MON-FRI 3pm-4pm",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2024/04/PBS-News-Hour-Podcast-Tile-360x360-1.jpg",
"officialWebsiteLink": "https://www.pbs.org/newshour/",
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},
"link": "/radio/program/pbs-newshour",
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"apple": "https://itunes.apple.com/us/podcast/pbs-newshour-full-show/id394432287?mt=2",
"tuneIn": "https://tunein.com/radio/PBS-NewsHour---Full-Show-p425698/",
"rss": "https://www.pbs.org/newshour/feeds/rss/podcasts/show"
}
},
"perspectives": {
"id": "perspectives",
"title": "Perspectives",
"tagline": "KQED's series of daily listener commentaries since 1991",
"info": "KQED's series of daily listener commentaries since 1991.",
"imageSrc": "https://cdn.kqed.org/wp-content/uploads/2025/01/Perspectives_Tile_Final.jpg",
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"officialWebsiteLink": "/perspectives/",
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"source": "kqed",
"order": 14
},
"link": "/perspectives",
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"npr": "https://www.npr.org/podcasts/432309616/perspectives",
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},
"planet-money": {
"id": "planet-money",
"title": "Planet Money",
"info": "The economy explained. Imagine you could call up a friend and say, Meet me at the bar and tell me what's going on with the economy. Now imagine that's actually a fun evening.",
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