Districts open for the rest of the year. Avoiding palest payday for staff. Powered by over 2400 journalists in 150 bureaus around the world, from new york, i am mark crumpton. Emily i am emily chang and this is bloomberg west. Star board issues war with yahoo for the nominees, what happens next . We will have all the details. Plus, one of the most powerful women in Silicon Valley talk to me how she defines the Glass Ceiling and her new role as a ceo. And into the world of Cyber Security. I sit down with the ceo of tanium, as he takes the reins from his father. First to our lead. Board,investor star wiping out the entire board of investors, including ceo, Marissa Mayer. To 1. 7 . G holdings the activist shareholder is nominating their own a ceo, jeff smith, for election at the yahoo meeting later this year. Writes, we believe the board clearly lacks the leadership, objectivity, and perspective needed to make decisions in the best interest of shareholders. Thatsponse, yahoo noted they will review the nominees and respond in due course. What do these nominees have to offer . Joining me now, eric cantor eric jackson. And neil doshi, from securities during the here and that studio. Neil, what is your reaction here to star board the clearing an allout war on yahoo . It is definitely expected. What we think is, this is going to be a huge uphill battle for yahoo to fight. Yahoo will experience a pretty costly endeavor to go to all their shareholders and convince them that Marissa Mayer is the best person to lead the company. Plan, she hadegic an old one that did not work, the new one will really take them to the next level. I think it will be an uphill battle. The new board has a lot more technology and media focus numbers. I think there is a lot of negative sentiment around investor base. This will be a tough three months for the company. Emily eric, you have been agitating for change from yahoo for a wild. What do you think of the nominees . People who can really add it to the company, and pushed forward . Whole, if youthe look at their backgrounds together as a group i think that they are more impressive than the backgrounds of the current board for yahoo . I am not as familiar with some of the nominees but Bridget Baker as an executive, having a lot of experience with subscription revenuebased businesses to read i think that was a particularly intriguing type of background. Maybe offers us some hints as to where jeff smith is thinking yahoo can go. I think rick hill is particularly interesting. And the ceo of directv it will be interesting now to hear more from jeff smith and star board as well as yahoo . I think investors can look back of the electorate being entertained by donald trump or whoever. We can ask these folks what their vision for the company is and why we should vote for them. Emily you have a serious take not on just what star board has done, by yahoo over the last few weeks. Poking the bearer just a few weeks ago in your words, how are they making this even more difficult for star board . Shira the thing that clearly seems like a misstep at the time and in hindsight was that appointment as you mentioned a couple weeks ago of two new yahoo Board Members, literally the same day yahoo and starboard were talking to discuss mutual concerns about the company. It felt like a way to antagonize starboard, and we have seen the common nation now. With marissae mayer a few weeks ago and after specifically if she aligned with the board. Are they really doing what is in the best interests of the company . Take a listen to what she told me. Overall on the board, management are very aligned. I will say, yahoos situation is complicated. And i think that is obvious to everyone. As particularly with some of the assets we have in both yahoo japan as well as alibaba. Eric, what is your reaction to that remark by Marissa Mayer . I have heard her talk so much over these last years and she has accomplished so little. I think she is a person who chooses her words very carefully. She is very concerned about what her,happen postyahoo for and is trying to manage her reputation, i think. When she meets with Charley Rosen does an hour with him obviously, it is complicated. It was complicated well before she showed up on the team. I think she was a bad hire from the beginning. Head, and iver her think they will be better served with a different ceo with an appropriate background for the job. Has a neil, starboard this once before with the company that owns all of garden. They wiped out the entire board, replaced it with a new plate of new directors. What is the likelihood they can pull this off . Neil it is hard to tell. They tried to change the board this point. 0 at theres so much and negative stuff around yahoo however, a ,egative sense of investors they may have trouble pulling this off. Emily how do you see this playing off . Yahoo already has a long to do list in the middle of this turnaround created they are looking at potential buyers for all company. Now they will have this proxy fight in the next for the next few months with starboard. At this the problem is, they dont have a lot credibility with shareholders. If you rally shareholders to vote in favor of yahoo zone director sleigh, i dont think they have much standing with existing shareholders to convince them to do what yahoo wants them to do. Emily we actually spoke with a former board member on the board before Marissa Mayer came on as ceo, and this person said they never thought marissa was the right person for the job, but they were quite happy to leave the board because not many people wanted to stay on. I wonder how Board Members are feeling now. Eric, how do you expect this to play out . Who wins . Eric i think there is a lot of bad blood between the previous. Oard and starboard i dont think there was much negotiation between the sides. Think they that they can orchestrate a sale in next couple of months before this goes to a shareholder vote. Therefore, all of this proxy talk becomes a moot point. If they end up selling the company at a large price. I think that is what they think they can do. As of a couple of weeks ago, i was hearing from potential bettors at that nothing was happening despite the fact that they form this committee. There was really nothing happening. So well see how things play out in whether yahoo perhaps overestimates its own abilities to get this thing done. Do have some supporting that they did me several times, but not much came of those meetings. And shira ovide, and neil doshi, thank you all for joining us. Rest ofa look at the our markets, Ramy Inocencio has the rap today from new york. How did it go . Ramy markets closed mixed in some very light trading. Essentially because of the bank holiday tomorrow and the threeday weekend for easter. Take a look at where we stand. At the end of the day, you can see the nasdaq is up the most by about. 1 . But this was not enough to help the nasdaq close in positive territory for the week read take a look at where we are. The nasdaq is breaking its fiveweek street, down minimally. But it had rallied as much as 13 at one point over the past five weeks. Lets take a look at some specific stocks. Apple right now is down by about. 1 for the entire week. Interestingly, not Much Movement despite the new iphone coming out on monday, as well as the Court Hearing that was delayed on tuesday over in riverside. Amazon, also going the other way. Of 4 here. This is the biggest weekly gain in the past five weeks ago, after apple saying it is still years away from developing its own cloud platform. Remember apple said it would move some of its operating systems to the cloud that form there. Going the other way, priceline falling lower, down by about because of what happened in belgium, the terrorist attacks there. Trip advisor and expedia also falling around 2 3 . And the nontech stock Virgin America rowling as much as 14 and closing this week to date. This is its biggest weekly jump since july of last year. And the news yesterday saying shooters fore some buying some of the company. Here are the big movers, emily. Back to you, happy easter. Emily youtube. You too. And we talk to the woman taking on tesla. Emily it is game on, tesla. The newly appointed ceo is considered one of the most powerful women in Silicon Valley. She is now taking on not just elon musk but the entire auto industry. Asked her what it was like to be a female engineer back in 1984. It was a rarity. It was one of those things in a mix of you. Other a deep kinship to women engineers. Myselflike it is shaped as a woman leader in the Tech Industry. The other thing it taught me or brought to light, the fact that if you are confident, it is very important to have selfconfidence. People notice you. Either i two things, learn them because i have to it was the because only way to work. I dont know. But it is something that has been profound life lessons for me. Think is that you apart from other women who were doing it . Because obviously, you survived. Padma i cannot say whether they did or didnt. It helps me. Today, i feel like i need to give back and i help a lot of women, especially women engineers. Stay, a decision, do i what other things i need to do. I did not have a lot of that back then because there was no one reaching out and sharing barracks area. Their experiences. Emily did you think you had to act more like a man . Padma absolutely. At first, nobody would take me seriously because i either looked too young, walked too young, were bright colors. I came from india, i love bright colors. Way d to hide all that a way for the first few years. I would wear black everyday, sneakers i loved shoes and could not wear shoes. All these things that had nothing to do with my job as an engineer, but i was afraid to be who i was, who was wanted to be. I absolutely did that. Even when i became the ceo of motorola i wanted people to take the more seriously so i went to the extreme of making my hair grade just so i would look older. Emily really . Padma and today, it is the opposite. Emily do you feel you are ever treated unfairly . Padma people i think dont expect you to be competent. There was always this and out. People are skeptical. I have had situations where people are skeptical about my title and what i am doing because i am a woman. It is hard to describe it, it is not blatant or over, but i did sense it. Me to askit fair for you how you balance your work and family life, or is it not fair to ask that question . Padma i think it is fair to ask that of both men and women. Men with Young Children go through the same thing. The challenges avoid if you are a parent how you balance having a career and having a family. I feel like the word balance somehow suggest that everything has to be perfect. Like your home has to be perfect, your work has to be perfect. Integration. You have to be aware of what is important to you and how you integrate those aspects that are important to you. When my son was young and i had a busy career in a factory, i had operational responsibilities. Baby, so i would be constantly stressed out. And i learned that i needed to take time for myself. Now, i meditate every day. I paint when i can on saturdays and weekends. So whatever it is that you feel you need to do to energize ourselves and get your creative juices flowing again, you have to do that. Emily what is your assessment of the state of women in Silicon Valley today, whether it is big tex, startups . In many ways there is small progress, but has also taken several steps back. Disappointing. Ry i think that we have not made any progress. We need to make a lot more progress. It is you hear people talking about it more openly that it is a problem, and people are figuring out what we need to do. But, i dont think we have seen results or movement yet. Emily why havent we seen progress . A great question. I dont know if we were all just saying things but not doing things to change. Maybe it is an opportunity for all of us to Work Together to address this. I often take time out of my day to speak at every single tech company. I have spoken at microsoft, intel, when i was at cisco i had perhaps we need to think about the things we need to do. Emily you had an opportunity to build a Diverse Workforce from the ground up. What are you doing to build your own culture and a Strong Company from the beginning . Hired myhave already first woman engineer, she trained two days ago. Emily congratulations. Padma she is amazing. My head of Corporate Development is a woman. She is a stanford grad. She joined a three days ago. So she is now on my staff and leadership team. So i will continue to do that. I want to have a very diverse team, have more women, but also have i wanted to be multicultural. I want to attract people from the auto industry, and the nonauto industry to Work Together. Will be a very diverse team. Interviewexclusive pdmapet mastery warrior warrior this is sunday. Tesla may soon face competition for their battery business. The vacuum cleaner is this dyson says they are developing electric batteries. We have the story from london. Electronic producer of vacuums, may be gunning for elon musk. Invest into Battery Technology over the next four years. Company makesed solidstate lithiumion batteries, which can store twice the power at a half to a third of the cost of existing models. Why batteries . They are a key component in the , buts cordless vacuums there are tantalizing hints they may be after a bigger target. Earlier this week, a British Government report published online said dyson was planning to build an electric car. Was editede report to delete any reference to the electronic car comment, but dyson will not report comment on the report. There are certainly applications in cars, and those are Market Segments that tesla motors is also going after. Emily our Bloomberg News reporter jeremy con in london. Coming up, a first of its kind indictment from the u. S. Against nation estate hackers. Details, next. Emily a story we are watching. The United States has accused iranian hackers of carrying out an 18 month cyber war against wall street. The group is charged with financialor dozen institutions and a flood dam north of new york city to undermine u. S. Markets and national security. The details come from an indictment unsealed on thursday in manhattan federal court. Today, we have unsealed an indictment against seven alleged experience hackers employed by Computer Security companies, working on behalf of the iranian government, including the Islamic Revolutionary guard corps. Found thatn, they these seven individuals conspired together and with others to conduct a series of cyberattacks against civilian targets in the United StatesFinancial Services industry. Cost the victims tens of millions of dollars. This followed u. S. Sanctions imposed on irans government and nuclear program, believed to be carried out by the u. S. And israel. Coming up, we will stick with it that the man turned to the 3. 5 billion company tearing up the Cyber Security market. Taniums new ceo. Oh, hi micky dolenz of the monkees here, getting ready to host the flower power cruise. announcer were taking the love generation to the high seas and reliving the 60s. Well celebrate that unbelievable era with the music that made it so special. Therell be over 40 Live Performances featuring eric burdon the animals, micky dolenz, the monkees lead singer and cruise host, the 5th dimension, the lovin spoonful, rare earth, spencer davis, three dog night, and many more imagine enjoying all that great music on the fabulous celebrity summit, leaving Fort Lauderdale and making ports of call in jamaica and the bahamas. Youll be back in the days of bellbottoms, peace signs, and so much more, with special theme parties and 20 funfilled celebrity interactive events. Cabins are filling up fast, so come on, relive the era you remember so well. The flower power cruise, february 27th, 2017. Let your freak flag fly. Dont miss the grooviest trip at sea. Mark i am mark crumpton. Youre watching bloomberg west. Stagechman in an advanced of an attack plan on the country is in custody. He was arrested northwest of paris today. Security forces have locked down the area, as they conduct a major surge. The man Authorities Say is the main paris attack suspect appeared in court in brussels today. Said hisr for salah client is not interested in fighting extradition to france. He was captured in brussels last week. Elgin officials have lowered the Terror Threat level from four to three, but still describe it as exceptional engraved and say that a attack is likely and possible. Numbers of the European Union say they will step up investigations of investigations. Iranianre targeted by bank hackers, according to the u. S. Justice department. They say the cyberattacks occurred from 2011 and 2013. An important part of our Cyber Security practice is to identify the actors and attribute them publicly when we can. We do this so that they know that they cannot hide. Lynch also said that at times, the cyberattacks invented hundreds of thousands of customers from accessing their accounts. Vice President Biden trying to move past remarks made in 1992 while he was a member of the u. S. Senate. At the time, he was seen to endorse blocking a Supreme Court nominee at the height of an election season. Republicans say they are following the biden role in rejecting the nomination of merrick garland. , there is no biden role, it