Worst kind of behavior from iran. Generally it wont prevent all of their bad behavior. When it comes to the tough sell we welcome the scrutiny and even skepticism of everybody across the country and across the world as they consider this agreement. We continue to be confident, upon looking at the details once they have been released that we will be able to make a strong case about how the president havent just achieved his goal but how the International Community has achieved the important goal of preventing them from obtaining a nuclear weapon. When it comes to a tough sell i think the part will be on the part of the republicans as they try to take the deal. It will be a tough sell to say we should back away from an international agreement. Why should we throw away the best possible avenue for preventing iran from obtaining nuclear weapons. That will be a tough sell to suggest we should undermine the sanctions that have been put in place thus far. It will be a tough a tough sell to say we should foreclose the diplomatic action and only choose a military action. We will have ability to advocate for this agreement and it will be a tough sell on the part of republicans to just walk away from it. The chairman of the house and Homeland SecurityCommittee Told us that the same entity that was behind the hack and was behind another tack earlier this year thats about 80 Million People. Has the white house learned of this . Have you all been briefed of this . What of this . What does that say about possible chinese invasion into u. S. Security . I dont have any more information to discuss publicly about who may have been responsible for the cyber breach. There are about three weeks left until congress leaves for its august recess and then only a few weeks after that until the end of the fiscal year. Does the president believe that budget negotiations and sequestration need to start before the august recess . Cheryl, we certainly believe they should not wait until the last minute to fulfill their basic responsibility. This is the most fundamental response ability that any Congress Half which is to pass a budget for this federal government of the United States. Theres no reason that congress should wait until the last minute and risk or have people worried about the possibility of a government shutdown. We are hopeful that republicans will sit down with democrats who have indicated an openness and desire to try to begin these negotiations. That is where the negotiations should take place on capitol hill. That is after all that has proven to be, the most effective way for democrats and republicans to resolve their differences and to strike the kind of bipartisan agreement necessary. Honestly the administration will be they need to find some common ground. It sounds like a tall order right now but its something that they have been able to achieve in the past and we hope they can do it again this time. We we hope they will do it without having to suffer through, or put the country through, a government a government shutdown. Have you heard anything from republicans about why they dont want to start now . I havent. Have you . Earlier today greece reached an agreement. You think that is good for the United States and for greece . We had a little bit of a betting pool whether or not someone would ask about this today. So someone is excited. You prove them wrong today. The United States welcome the agreement that was reached today between greece and its creditors. The agreement reflects a commitment by greases creditors to provide mental support and help create a path for their return to growth and debt sustainability. It also includes a commitment by greece to make reform. What we have long identified as the potential solution is one that was focused on a package of reform and financing that would put them back on a path of Economic Growth and debt sustainability. This seems to be a credible step in that direction. There are important decisions and steps that need to be taken, but we are hopeful that all sides will make the difficult decisions and follow through on the important things that need to get done. Yes maam, in the back. Hi nicole. You been mentioning the need to work on bipartisan fashion. This was a yearlong process of the fiduciary committee to look at the issue. Is that your starting part point . Have you talked to them about that . There have been a number of conversations that have taken place between senior figures in the administration and members of congress who are interested in this issue. The president hosted at least one of those conversations. I believe theres only one piece of legislation that the administration has signaled our strong support for and that is the legislation that was put forward by senators emily. We would not limit the discussion just to that piece of legislation. We are open to additional conversations with other members of congress who have ideas of ways we can reform our criminal Justice System and make it more fair. The president is not just open to those discussions, hes looking forward to them. We certainly are interested in entertaining conversation with other members of congress that have ideas as well. There was a suggestion they are not likely to confirm a filibuster no matter whoever you nominate. Any reaction to that . I think thats the kind of opposition to anything that the president proposes that is a hallmark of this republican congress. The irony is that there is some bipartisan support for the cuban policy that he announced at the end of last year. The president and the administration will continue to work to try to make progress on this policy that the president identified. He believes its its clearly within the best interest of the United States. He believes there are things the u. S. Citizens can benefit from m edits in the best interest of the cuban people. The vast majority of the cuban people actually agree this is in their best interest. We will continue to press this reform or this change in policy, even if it runs into reflective opposition. On the commutation issue there seem to be some parallels between this and the president s wish a couple years ago. He made the capitol hill and when it fell apart he did executive amnesty affecting millions of people. Is this the seminar kind of thing where if it fails on capitol hill that we should expect toward the end of his term that hes going to have tens of thousands of people i think i would say that im not sure that is at this point i think its hard to jump to that conclusion. Primarily because there seems to be significantly more bipartisan interesting criminal Justice Reform then there has been in immigration reform. I would stipulate that there are a large number of republicans in congress that have paid lip service but have never had the courage to follow up on. Im hopeful and remain optimistic that the reform for criminal justice will be different. I think based on the actions weve seen from some members of the Congress Like senator lee and senator paul, there is interest in trying to make progress on criminal Justice Reform. We are hopeful that congress will take those kind of reform steps that would have a Significant Impact on making our criminal Justice System more fair. Thank you everybody. Did he win or lose . He lost. [laughter] the future on the internet site yahoo with author nicholas carlson. Then a conference on aging. Reform on poverty in the United States will be discussed later tonight. Cspan created by americas Cable Companies 35 years ago and brought to you as a Public Service service by your local cable or satellite provider. Nicholas carlson, why a book about Marissa Mayer . Thats a great question. She is just a fascinating person. She is 39 years old now shes made 700 billion in her life. Shes an early google person she got there when there were 20 employees and left when there were thousands and thousands she went and joined an extremely troubled company. Shes a wonder woman super ceo and i wondered what she was doing to try and turn around this company. Well what was her path to yahoo question. So Marissa Mayer went to school at sanford and was going to be a doctor. She decided that was too much memorization. It wasnt that it was too hard for her, it just wasnt that exciting. She go to the summer camp and learn science but what was really important in life about how you make decisions based on what you know is more important. She got really interested in programming and specifically a field called human computer interaction at sanford. While she was at sanford she went on to get a graduate degree and had great report as a student teacher. She she got very good at that. She was a great student and shed all sorts of options when she left. She couldve gone to go be a professor or a Consulting Firm to be on the fast track to a highpaying professional field or she had one of her advisers say why dont you look at this funny Company Called google. She almost missed the opportunity as she deleted the email from google inviting her to apply for an internship, but she didnt. Then she went in and a real lesson to learn from her is she went in and she was overwhelmed with how an intelligent or bright the people were at google. She was feeling like they were much smarter than her which wasnt true, but she felt like they were. She said this would be a real challenge in a scary opportunity. She seized on she seized on that and went for it. From there she entered into google. Another really interesting lesson about her as she was hired to be someone who makes the programs. Her first big project was supposed to be googles first ad delivery system. She was going to make the first one. It took her months and months to do. Google then went out and hired new talent and is sort of shocked the industry because hes known for being one of the best coders on the planet. He was able to do the project in a matter of weeks and had been taking her months. She looked at this and she said i love working here but im not gonna make this longterm. What else can i do . She threw herself at whatever problems came by. She got involved in pr and marketing and any strange things that coders might not usually get into. She she found a role for her self and developed rapport with the ceo and she became his number one lieutenant in the sense that she ran his meetings for the rest of the staff and set the agenda for whats going to be discussed. She really needed to know what his vision was for where google was going. The other thing she did was really important, she got herself involved in the user interface review process so that every product that went live on google had to go through this checklist before it was launched. It had to meet her standards of what a good product look like. The the other thing over many years i google was her boss for a long time kept bringing product manager. In a tech company its really important that you have tech managers that can push forward and create new products. So this boss of hers kept bringing people to larry page the then ceo and paige kept rejecting them all. Finally she said heres what youre doing wrong. Youre trying to hire mbas. He wants technical people within the company. You you need to hire people like me who are technically trained but have a real interest in business. He said thats a great idea why dont you run the program, so she created one. Lots of companies have this kind of program where they hire technically oriented people and put them in charge of managing groups at a very young age. It sort of like throwing them in the bullpen. This was interesting for her because not only was she in charge of all google products but she hired managers into the company. What that meant was as these people went throughout the company, they all individually still reported through her who hired her. That meant she had a lot of power in what became the most powerful Internet Company. Thats where she was for a long time and was doing a great job. She ended up being pretty senior i google and then my book gets into issues of promotion at the end of her career. Thats how she gained so much power in the beginning. Comedy years was she at google and how much of the 700 million did she make from google . So she was there around 2000 until 2012. So she was there 12 or 13 years. She joined when there was 20 employees and left when there was 50000. She made 300 million or so from working at google being one of those early employees. She has fabulous wealth. She has many homes but theres two that we know of for sure and one is at the top of the four seasons in San Francisco and another is in palo alto near the sanford campus. Like many of the very wealthy people there she has done this thing where she loves the neighborhood so much that she has decided to buy some of the homes around her just to make sure it remains pleasant around her. Outed she get to yahoo and become ceo . So this was a big upset and a big surprise that yahoo was able to hire someone like Marissa Mayer. First if we talk about the history of the Country Company which is the first hundred and 50 pages my book. What i wanted to explore was yahoo and how it got in such bad shape before she got there. Why they needed her to come in and turn the place around. Just before she got there the company had gone through several ceos in a short time. It had gone through an interim ceo and a permanent ceo and then someone who is pushed out of the company for lying on his resume. All of that happened in the period of about a year. It was so tumultuous that there was a lot of expectations the company would say lets hire this person he has a great name he has a mission and vision for what to do with the company. So that so that had been the expectation. Then one july day, all the sudden Marissa Mayer is there as the ceo as yahoo and everyone is shocked. It was such an upset. Behindthescenes behindthescenes what happened was in 2011 yahoo fired its ceo the ceo was in new york for business trip and she gets a phone call from the chairman who starts reading a script and she said it sounds like youre reading from the scripts, why dont you have the guts to actually talk to me. Anyway, anyway, she was fired and it was very public. Meanwhile, over a google and and another scene in my book one of mayers long time confident, he came from the world of politics and his pr type and he made her into somewhat of a celebrity along with something she played more than a role. Anyway so she said i think you would be a great fit for yahoo. Mayer set i thought about that and it would be interesting but theres no way im doing that with yahoos current director. The reason she said that is because over its many years, yahoo had a notorious bad board of director. The people who hire talented ceos but talented ceos were really a bad fit for the company. People who along the way prevented the company from making sound business decisions. There was a moment moment where yahoo had gotten a big offer around 2008 and they got a large offer from microsoft and the company sort of just fumbled it and pushed it off and said they wouldnt do it. It was because because of the board of directors. So was just a notoriously bad board of directors. What mayer didnt know was that across the country in new york there is a Hedge Fund Manager who is an activist investor. His name is dan lowe. He goes in and buys large stakes in Public Companies and then says to the board of the public company, listen listen im now a big owner in your company and i have some ideas of how you should be running this company which is very different than how youre running it now. By the way if you dont do what i say, i will go to the other shareholders and will all get together and get you fired. Meaning Public Companies are in a way shareholder democracies. If enough shareholders get together they can throw out the board of directors and the board of directors and the board of directors can fire the ceo. So dan lowe had taken a 5 stock in in yahoo and he had watched the disastrous board for many years. He thought this was the underperforming asset and if only the board was removed someone could be hired and could really run it. So he geared up and bought 5 of yahoo and launched what was called a proxy campaign to get out the board and ceo. He pushed for it to hire someone like Marissa Mayer and asked the Board Members to resign. The board and not listen and went out and hired a president of paypal which is another division of ebay. They hired this guy name scott and he went into yahoo with all these strange plans of what he would do with the company and he just sort of indicated that he had never been in the Media Business. Yahoo was the Media Business and it was just like what had happened before. He was intelligent but not good for the company. Download said lets keep this proxy war going. They had allowed for a long time a mistake. One might say that thompson lied on his resume about having a sign its degree a a Computer Science degree from a university that didnt have a Computer Science degree at the time he was there. He would write these gaping letters which he would call letters of mass distraction. Theres a scene in in my book where after this war between the investor and Scott Thompson and the board of yahoo is going on for quite some time its may 2012, and Scott Thompson the ceo of yahoo is in a meeting at a used ushaped table in the mood of each executive starts to change. There in this long meeting but theres also this electricity in the air. They start looking at their laptop and blackberries to see what was going on. A reporter said that t