Better. Not marching to the senseless beat of some far off government drum. If the politicians who gave us this train wreck expect us to live by this law, then the same law, without special exemptions should apply to congress. Is that really too much to ask . Obama care serves as a grave threat to the future prosperity of the citizens of virginia, and i will continue to resist expanding it. Not just in washington, but every state in america. I promise i will do my part in virginia, and i know you will do yours. Together we can make america better tomorrow than it is today. Thank you for listening, god bless each one of you, and god bless our beloved camera. On cspan, marissa mayer, then ferc c. E. O. , Mark Zuckerberg. And later, editoral cartoonists. On the next washington Journal Washington Bureau chief Michael Kranish and matt viser talk about their articles entitled broken city. Hen Fitch Credit Rating Agency spokesperson john olert. Then robin wright of the u. S. Institute of peace is our guest. Washington journal libe at 7 00 a. M. Eastern on cspan. 200yearold clock stops ticking. Time stands still. Metaphor for easy the government shutdown. We are standing near the north extension of the capital. The clock behind me here is the oldest clock in the United States capitol. It was commissioned for the United States senate in the year 1815. Twad ordered from a philadelphia clock maker named thomas voight. Just one of the many reasons the cspan video arkifes are amazing. You can see and share cspan programming any time. It is easy. Heres how. Go to cspan. Org. To watch the newest library, click on what you want to watch, and click play. You can search the Video Library for a spisk topic or key word. You can find a person, type in their name, hit search, and go to people. Go to their bio page and scroll down to their appearances. Can you also share what you are watching and make a clip. Use the set buttons or handle tools. Add a title and description, and then click share and send it by email, facebook, twitter, or google plus. Video library, searchable, easy, and free to the cable tv industry and funded by your local cable or satellite provider. Marissa mayer sits down with techcrunch Founder Michael arin depfment ton in their National Conference in San Francisco. Or about half an hour. Did you see the cookie thing . I did. Amazing what they are doing. Before we talk about the logo, i would like to get your thoughts on the whole vote thing. I never opened a vote i would like to get your thoughts on this whole vogue magazine. First of all, i have never looked at a vogue magazine before. Look at this. That is a huge book. I gave up because i could not find the article. There is no table of contents. We finally found it. Would you autograph this for me so i can have it forever . Why not . The part where you are laying upside down on the chair there. The back story is he back story is for to does they shot me for two minutes sitting upright. Then the frafrl came over and talked about leadership being in unconventional forms. So he said, could you please move upside down, and i said, sure. It worked. That is the back story of what went on there. Awesome. We will talk about this. Every time i interview you before the rest of our lives. I wanted to get it i actually rote this for you. Actually, so both of us could maybe be upside down in the interview. Back to the logo. What happened here, right . [laughter] first of all, i like the way the logo turned out and i like the way we did it. To me, we pride ourselves at yahoo as being the Worlds Largest tartup. Our attitude the way we did the logo, we kept it inhouse. We did not have someone in a consulting firm. We did not send millions of dollars. We came from a very authentic place. For us, what the brand is really about is the product and having the products and the best user experience. That is what we want to shine through. We are happy with the logo. For us, the focus is really on the product. Ok. Fair enough. But how long before you change it, do you think . I think the interesting thing is one of the things that happens is most logos get changed a little bit all the time. Yahoo did not change its logo at all for 18 years. We have 18 years of pentup changes and small changes. Changes that you dont even see each day when they happen. From now on, we will use it to do small iterations over time just to keep the logo fresh and current. We got to a place where 87 of our employees wanted Something Different and users were mailing in saying your products are beautiful and the logo feels clunky. When you get to the point when your brand and your logo does not really match the product, it is a problem. I will drop that. You were honest. I thought you were going to talk about math like you did in your tumbler post, that even though we cant see it, it is actually beautiful. But no. No. Ok. Here is something nice. You have been the ceo for a year and four months. July 2012. A year and two months. The market has doubled. 14 billion in stockholder value that was not there before. That is really good. Is it something you would serve . Ow have you earned that . There are very smart investments. I owe to my predecessors. Alibaba, something people are excited about. For example, yahoo , japan. That is a joint venture for us. Something that was started in the early days and has done really well this year. I will say, when i look at the state of what we are doing inside the company, i said it would take multiple years. By that i mean, probably three or more to get the Company Going in the direction that we want it to go and having growth at the rate that we want it to be. For me, it is really a Chain Reaction of four things. Having the right people and having them build the right products, turning into traffic, because traffic leads to revenue ultimately. Online, and were doing really well wait, you said four things. People, product, traffic, and revenue. The interesting thing is they are a Chain Reaction and they work like a funnel. You have to get the right people before you can build the right products. The products have to be good or people do not come and use them. Once you have got those usage, people can use them. Especially in advertising. We had a modest year of growth in 2012. All growth starts somewhere. This year, we had a nice stable year so far. We are hoping to see some growth this or next year. People were seeing exciting things. A lot of acquisitions. That has brought a lot of great talent into the company. Even separate from the acquisition strategy, we get 12,000 resumes a week. The reason thats a fun number for us, basically the companies the company is worth 12,043 right now. For every job we have, we get a resume each week, up genetically. Five or six from before i was here and before july 2012. Our attrition is down markedly. We are down to between three and four. I have been really happy with the team i have made and adding new people all the time. Ed have ow many yahooter you acquired . We call them boomerangs. Team 1, 14 of our hires were boomerangs. This quarter to date, 10 . We had a lot of college grads. Over the course of the year, it has been 10 of the hired have been boomerangs. We are really happy with some of the products we have release. We would really stay product all the on who screen. It has an archive in it. South park, jon stewart, stephen colbert. You can watch those all on yahoo now. In terms of traffic, i am happy o announce we passed 800 million monthly active users in terms of yahoo s global audience. The growth represents 20 since july. So that does include tumbler . It does not. Where are these people coming from . We are seeing a lot of usage on mobile. 350 million monthly users. A lot of usage on home page, mail, search, or core properties. My strategy is to be focused on the daily habit, things people use everyday. Earch, mail, homepage, news, finance, et cetera. We have the same people responding to the way we have been strengthening the products. Can i apologize . There are 40 people taking pictures here and they follow me around all the time. It is annoying. They are taking a lot of pictures of me and i do not want that to distract. I think they are here for you. There are interesting cameras. I did not mean that in a weird way. You are a little more photogenic, i think. We talked about products a little bit. Your traffic is way up for unknown reasons. The core product. Everybody thinks i mean it in a mean way. It is exciting. I promise i will go to yahoo i did go to yahoo for the new logo thing and i remembered i had an email account and i will start seeing how that works out. Well, we appreciate it. I think mail has seen a lot of market in the last year. You will see more. It has to be hard, though, right . You came from google. You were there from the beginning. Google almost effortlessly gets praise. To a company that had really hard years, you probably have to fight harder than ever to get any attention on these products. Must not the fun sometimes. I like hard work and i love google and was there for 13 years. If you had told me i would be as happy anywhere else, i probably would have doubted it. I am as happy if not happier at yahoo . It is a phenomenal experience. Hard work, but i love hard work and i love big challenges. A big challenge, but i have got a great group of people we both assembled and were there already. We are really rising to the challenge. It has been inspiring to be a art of that. Do you think this crowd is the crowd you can get back to your products . Are you starting with mobile on that . I will start. If you count mobile, pc, weather, mail, fantasy football, everything, how many people have been to yahoo in the past month . It looks like it is about half or more than half. In many cases, i would argue we have not lost a users. We just want more of their time and attention. We can get great tools that can help. Figuring out how people spend their time. Some of what we are working on now our news strains that organizes all the news stories on our home page. We have sophisticated personalization algorithms. I have seen the dates. I am really proud of what the team has done and we are just Getting Started. At its core, yahoo is an advertising driven company but we are really a personalization company and about organizing the right content and advertising for each of our users. There is a lot we can do for the users if you happen on the site once a week, giving them more eason to come back and time on our site. Because they migrate. Do you use yahoo ail now . When you started using it, i assume you are not using it much at google but maybe you were. Did you say, this is awful and we have to change some things or did you think it was good . There are a few teachers i missed. It is a really strong product. I like the fact it is funny. One of the things i use for fast email processing is time. I like basic email. I like to be efficient and simple and minimalist. What i really love about yahoo mail is it loads fast, loads faster than gmail. We have been working a lot on efficiency and speed improvements. It is just email. It does not have video chat and a lot of those other things. We may experiment and it may ultimately get in the way in terms of using mail every day. What are the biggest product holes and problems you are trying to fix right now, the things you that make you the maddest right now that you want to change . There are a lot of small things. There always are. There are a lot of different bugs to squash as they come up. In terms of the broad need, the big case i am focused on is mobile. We have grown our mobile team by a factor of 10 since i arrived. It was fun sized in terms of what it needed to be when i got there. We had great s p and mobile. A tremendous team is working on the design. Mobile has been growing remendously. Looking at what users need to do and what daily habits are on the phone, it is a huge opportunity there for yahoo if you look at what yahoo has always been strong in. Mail, news, finance, stock quotes, games, sharing photos, group communication, all of these pieces. That is what people do on their phones. It is a great opportunity for us to take the content we have always had on the web and bring it to the phone and taking it and making sure it really needs not only the same cases we have had on the pc, but also the new used user expectations on mobile. That is the key thing i am focused on. A random question. You seemed to like you were at the apple event yesterday and seemed to like the fingerprint nsa scanner thing on the phone. Why . Why would you be in favor of anything that could gather more information . I did not realize it was a reporter. I did not know. I think what i liked about it mike made fun of me because i do not have a passcode on my phone. He was like, are you crazy . I said, i just cannot. I cant do that 15 times a day. And now i dont have to. I think building in some of these Smart Sensors into the phone is really fun. The same reason i really excited what they are doing in terms of small sensors that help make everyday life and everyday tasks that is more interesting. Fingerprint sensors are good. To unlock your phone, yes. Microsoft has not announced a new ceo. Are you happy that ballmer is leaving . [laughter] who do you want to be the next ceo and they are your biggest partner. I would say from my now almost 15 years in the industry, obviously bill gates and steve balmer have been big in the industry, and i really admire what both have done at microsoft in terms of what they built. This is an interesting time for microsoft. I do not know what their board is considering but when i look at their product line, i see a lot of strength in the advertised area, windows, office, and so one of the things i have come to appreciate is i think consumer executives and enterprise executives have different traits and different instincts. I would hope they are looking for people who are really strong. A strong microsoft is good for the industry overall. That is helping to build strength and competencies. Would you like to see bill gates come back . I think that hes a phenomenal leader. I think there is nothing quite like the passion of a founder in terms of leadership. You are turning into a real diplomat. Ill tell you that. Being ceo means you have to say things more carefully than you are sometimes used to. What is your biggest weakness as a ceo . What do you suck at the most . You clearly have great things about you that everyone understands. What are you terrible at . I have been really lucky. There is a community i know that many ceos in the audience feel that range from startups to big companies. There really is a community of c. E. O. s. I have been lucky to have some of the greats in Silicon Valley reach out and give advice. One said to me the thing that is shocking is how few decisions you actually have to make. You have to make them exactly correctly and exactly perfectly. On the average day, there is no decision you really need to make. If it has something to do with your team, it is probably ok. Every now and then, there is a decision. Sometimes it is obvious and sometimes it is not. That really, really matters and needs to be made absolutely correctly. When i hold myself up to that lens, i should probably be making fewer decisions and while i try to identify what those decisions are, and i dont think i have missed any yet, it is hard to say, what are the Big Decisions that need to be made absolutely correctly. You dont think you have made a single bad decision in the last year . I am sure i have. I am not sure any of those are make it or break it for whether yahoo returns to growth. The goal is to get the Company Growing again. From that perspective, your job as ceo is to grow revenue. In t last year . I am sure i have. I am not sure any of those are make it or break it for whether yahoo returns to growth. The goal is to get the Company Growing again. From that perspective, your job as ceo is to grow revenue. Few downward decisions you need to make but you need to make them perfectly. Ok. All right. Or memory that remembering that each day is something i hope i can get. What are you doing to protect us from tyrannical government . I have been watching your ther interviews. I knew this was going to come up. I think i agree with a lot. A board member and a good friend, i am not going to repeat that. I will say i am really proud. I cannot take credit for it it for it, because it happened before i got to yahoo but i am proud of an prism that in at the gipping of 2007 with the n. S. A. , has been skeptical of those requests. Yahoo filed a lawsuit against the patriotic act. We fought that. We were the key plaintiff. A lot of people wondered about the case and who it was. It was us. You lost there it and you caved. Not you, you were not there yet. Right. Pu the thing is, when you lose we fought, we lost. You lose, if you dont comply, its treason. Treason. Now you are going through the rocess of suing. Now on each request, we review it and scrutinize it and push back on it a lot. We push back on requests in terms of the nsa. We cannot talk about it because they are classified. Why . Lets say right now you were to tell us the truth of whats going on thats classified, what do you think would happen to you. Revealing classified information is treason. It would generally have you incarcerated. I think, when you look at we think it makes more sense in terms of analyzing requests and doing our best to protect our users, it makes sense for us to work within the system. We filed suit against the government monday, asking to be more transparent with the numbers. We have really taken charge. A lot of other companies, as well, pushing for more transparency and pushing back on nreasonable request, pushing back on what we viewed as a station that might not be reasonable. We are constantly petitioning the government to be able to release the documents of the 2007 case. We will keep doing those things. It is really about protecting our users, for our users to understand on our side and across the industry, and their data, which is why we started a transparency report friday. I want to thank you. I have asked this question of every Single Person except mark, because he was on a monologue too good to stop. About steve jobs. Ive asked everyone else and have not gotten a single answer. If you say what you said and reasons why it is great thank you. This is not about this articular thing. If it isnt cls identified as treason, it can be. You do not