<![CDATA[Valleywag: Larry Page]]> http://cache.gawker.com/assets/base/img/thumbs140x140/valleywag.com.png <![CDATA[Valleywag: Larry Page]]> http://valleywag.com/tag/larry page http://valleywag.com/tag/larry page <![CDATA[ Kite-surfing too gnarly for Larry and Sergey ]]> Thrill-seeking Google cofounders Larry Page and Sergey Brin regularly kite-surf off San Mateo, we've heard in the past. Below, a video clip of one trick the pair should not attempt — kite-surfing during a hurricane. Can you imagine the hike in the billionaires' insurance rates?

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Thu, 21 Aug 2008 12:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5039025&view=rss&microfeed=true
<![CDATA[ Larry Page's $7 million manse ]]> Eager to expose Google's threats to our privacy, the National Legal & Policy Center proved so inept at technology that it ended up exposing Google cofounder Larry Page's street address in a publicity stunt. Hidden in plain sight within the NLPC's PDF document: Waverley Oaks Court, the Palo Alto street on which Page lives. (Last year, Valleywag published a Google Maps view of Page's home, but not the address.) It only took a little digging through publicly available records to turn up the actual house number — 100 Waverley Oaks Court, Palo Alto, Calif. So how much is it worth?

Page was granted the deed on the property on February 18, 2005 after the historic building had been on the market for years with an asking price of $7.95 million. The rich are always cheap: Page managed to get about $1 million knocked off the price, as the next year the property was assessed at just under $7 million. By this year, the assessment was back up to $7,216,214, with the nearly 3/4-acre property alone assessed at $5.1 million. How much are the taxes on the property? $78,550.96 over the last year.

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Fri, 01 Aug 2008 17:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5032163&view=rss&microfeed=true
<![CDATA[ Google's other party plane revealed ]]> How did invited guests from the Bay Area for the Newsom-Siebel wedding make it to tiny Stevensville, Montana on a budget and at the last minute? On a private jet from Google, of course. But not the Boeing 767 with the king-sized bed that you've all come to know and love — it was a slightly smaller 757 that revellers boarded at Moffett field. Besides the regular seats, there were reclining thrones and couches mounted along the side of the plane. Larry Page deigned to join the hoi polloi with his paramour Lucy Southworth on the flight back to California. "So warm, lovely and friendly," said our source of the sweet pair with their Hollywood dentistry. (Photo by Cubbie_n_Vegas)

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Mon, 28 Jul 2008 15:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5030229&view=rss&microfeed=true
<![CDATA[ Gavin Newsom selects Jennifer Siebel as gubernatorial running mate ]]> San Francisco mayor Gavin Newsom is running for higher office again, so it was time for another wedding. The latest bride is actress Jennifer Siebel. Larry Page and Sergey Brin were happy to lend the Google party plane to ferry guests from the Bay Area, so apparently no hard feelings about that whole San Francisco-wide Wi-Fi thing.

Yes, Jennifer is one of those Siebels — her dad, Ken Siebel, is a cousin of Tom Siebel, the founder of Siebel Systems. The father of the bride is also chairman of Private Wealth Partners, which manages a $444 million fund. But Newsom might find it difficult to pry any campaign contributions from his new father-in-law, since the elder Siebel has donated only to Republicans in national elections since 2000, including George W. Bush, John McCain and Rudy Giuliani.

Newsom did at least convince the bride's family to host the wedding in Stevensville, Montana, where the groom wore a casual linen suit and the bride wore Vera Wang and rode down the aisle bareback on a white black stallion. By far the best blow-by-blow of the nuptials was from Newsom's predecessor at City Hall, Willie Brown. Siebel and Newsom plan to tour Africa on their honeymoon — no word if they intend to indulge in the hot celebrity trend of adopting a child as a souvenir.

Being in the family way might help burnish Newsom's image after an adultery scandal in 2007 and a public admission of the entrepreneurial wine salesman's drinking problem. The timing of this marriage eerily reflects that of Newsom's first in 2001, when the then-Supervisor wed Kimberly Guilfoyle months before he announced his candidacy for mayor of San Francisco.

But the couple divorced a year after he was elected amidst talk of a new "Camelot" couple rising in the Democratic Party ranks. You can expect the eternal flame of the media's love for Newsom to be rekindled along those lines, though I doubt the newlyweds will be posing in any oil-money mansions this time around.

With Newsom now fielding an exploratory committee to run for statewide office, longtime superfan and San Francisco Chronicle blogger Beth Spotswood was generous: "I give them two years, that's my wedding gift to Gavin." Which is just long enough to last until June 8, 2010, when the votes for Governor will be tallied.

Hopefully Siebel can continue to steer clear of commenting on blogs in the meantime. Siebel's first publicity challenge will be to show up California attorney general Jerry Brown's longtime partner and current wife Anne Gust in the primary, followed by Maria Shriver, wife of California Governor Arnold Schwarzenegger. (Photo by Getty Images/Meg Smith)

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Mon, 28 Jul 2008 13:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5030098&view=rss&microfeed=true
<![CDATA[ Report: Google and Digg talks on again ]]> Google cofounder Larry Page and Digg CEO Jay Adelson were all smiles at Allen & Co.'s Sun Valley retreat. Was it because they had just wrapped up a long-rumored deal for Google to buy Digg, with the price in the neighborhood of $200 million? TechCrunch says talks are on again. (Photo by Reuters)

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Tue, 22 Jul 2008 17:50:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5028009&view=rss&microfeed=true
<![CDATA[ Will Art Levinson leave Genentech after a Roche takeover? ]]> Art LevinsonSouth of the City and hard by the shores of San Francisco Bay, Genentech rarely attracts the attention of the founders of flashy Internet startups as they drive past its offices on the way to the airport. But the biotech company's longtime CEO, Art Levinson, is an integral part of the Silicon Valley scene, serving on the boards of both Google and Apple. That's why Swiss pharmaceutical giant Roche's move to buy the 44 percent of Genentech it doesn't already own for a price north of $38 billion could have reverbations well beyond the world of automated pipetting systems.

Why is Roche rocking the boat? Its stake in Genentech already provides a large part of its earnings; owning all of Genentech would maximize Roche's take. But this could be a classic case of killing the goose that lays the golden egg. Genentech's top scientists are already wealthy from stock options; loyalty to Levinson is mostly what's keeping them at the company, writes the In Vivo biotech blog. And Levinson, who has already been at the company for 28 years, is likely to walk if Roche's buyout goes through.

That could be very good for Bay Area biotech startups, and the venture capitalists who fund them. Unlike today's Web startups, which are frustratingly cheap to launch, biotech ventures require real money, which means VCs have something to offer. An exodus of talent from Genentech could turbocharge the sector.

And what of Levinson himself? He could well expand his role at Google. Both Larry Page and Sergey Brin, tellingly, are married to women with biotech backgrounds, and have a fascination with the subject. They see the human genome as just another part of the world's information, which they've made it their mission to organize. Could Levinson become part of Larry and Sergey's intellectual petting zoo — like Vint Cerf, the father of the Internet? It sounds like a better gig than sitting in an office in South San Francisco taking orders from the Swiss.

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Tue, 22 Jul 2008 10:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5027504&view=rss&microfeed=true
<![CDATA[ Sister outs Mrs. Larry Page as ex-model ]]> Lucy Page, the bioinformatics-expert wife of the Google cofounder, would seem to fit the Forbes template for billionaires' wives: "Looks are great — but brains are even better." Unlike husband Larry — shown here kissing his bride at their Necker Island wedding — the former Lucy Southworth actually completed her Ph.D. at Stanford. But a revelation from sister Carrie Southworth, an actress, may mar Lucy's Valley-brainy reputation.

Lucy, a willowy blonde, used to work as a model. "The summer after my freshman year, I was home from school and my sister's car broke down, so I drove her to the Elite modeling agency," Carrie, a television actress, told Soapnet. How did the New York Post miss this? At any rate, a modeling career combined with a Ph.D. makes two things Lucy has accomplished that Larry, even with his newly trendy hair, never will.

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Mon, 21 Jul 2008 12:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5027340&view=rss&microfeed=true
<![CDATA[ The sad thing is, we think Digg CEO Jay Adelson might actually think he's Tom Cruise ]]> A recent photo of sunglass-sporting Digg CEO Jay Adelson with slightly more nerdy Google cofounder Larry Page sent reader theodp on an '80s nostalgia trip. (Photo by Reuters, photoillustration by theodp)

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Thu, 17 Jul 2008 12:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5026347&view=rss&microfeed=true
<![CDATA[ Sergey Brin cares about the children ]]> Google CEO Eric Schmidt and cofounder Larry Page sat down with reporters for over an hour during an impromptu press conference while playing Bilderbergers at Allen & Co.'s exclusive Sun Valley getaway yesterday. There was talk of Google's Android cell-phone operating system; of China; of the search-ads deal with Yahoo. But it was fitness enthusiast Sergey Brin, rushing in late after a reported flat bicycle tire, who stole the show with feel-good blather:

"Another important factor that nobody talks about is teachers' salaries," Brin said. "Teachers are among the lowest-paid professionals. At Google, we've been paying our teachers 25 per cent more, but even with that, they're among the lowest-paid employees. I think it's really important to have a living wage for teachers."

Schools, of course, cost money. Google doesn't actually run a school, so Brin must be talking about the workers at his company's wildly overpriced childcare centers. On the Google model, even with teachers at the bottom rung on the payroll ladder, Brin's answer was to demand more money from parents.

Yet I haven't exactly seen Brin standing in solidarity with the teacher unions in California when they've lobbied for salary increases and smaller class sizes. Nor has Brin come out against Prop 13, the bill which froze property taxes in California, permanently hobbling education spending. But then it's been typical of Google to think they can have their gourmet, organic, locally-sourced cake and eat it, too.(Photo by AP/Douglas C. Pizac)

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Fri, 11 Jul 2008 17:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5024393&view=rss&microfeed=true
<![CDATA[ Photos: Jerry Yang not having much fun in Sun Valley ]]> What's Yahoo CEO Jerry Yang thinking in these photos from Reuters? Carl Icahn has no plan B. Microsoft is both confusing and sort of mean. Mean! The Google guys sitting across the table are trying to relate, but can't. They're talking about Richard Branson's beach house again. Don't know they know I wanted to be invited? Life is hard. It's Jerry's Fucking List, people!

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Fri, 11 Jul 2008 10:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5024188&view=rss&microfeed=true
<![CDATA[ Digg CEO and Google cofounder smiling so hard, it's like they just wrapped up a deal ]]> This year's Sun Valley retreat, put on as usual by investment bank Allen & Co, will be Digg CEO Jay Adelson's second. But it marks Adelson's third or fourth trip around the block trying to sell Digg — with Allen & Co's help, naturally. Most of Digg's prior suitors — IAC, News Corp. and Al Gore's Current TV among them — are regulars at the Idaho resort. Glancing at Dealbook's photo of Adelson and Google cofounder Larry Page, we wonder: After months of lobbying from Google VP Marissa Mayer, has Google's top management finally decided to buy Digg and relieve the New York-based Adelson of his wearisome bicoastal commute? Adelson and Page's all-smiles body language in this photo strongly suggest it's so. (Photo by Reuters)

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Thu, 10 Jul 2008 14:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5024012&view=rss&microfeed=true
<![CDATA[ Four moguls walk into a bar ]]> Google cofounder Larry Page, Yahoo president Sue Decker, ex-Yahoo CEO Terry Semel, and Legg Mason fund manager Bill Miller, who owns large stakes in Google and Yahoo, sat and talked at a corner table at the Sun Valley Lodge, the site of Allen & Co.'s power media conference in Idaho. Page and Miller reportedly dominated the conversation. [DealBook]

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Thu, 10 Jul 2008 13:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5023914&view=rss&microfeed=true
<![CDATA[ Don't want to be evil? Better get rid of the Google plane ]]> Lefty think tanks Essential Action and the Institute for Policy Studies have a new study out titled “High Flyers: How Private Jet Travel is Straining the System, Warming the Planet and Costing You Money." It implies some not-so-nice things about jet owners and Google founders Larry Page and Sergey Brin — even if they are left-leaning, Prius-driving friends of Bono. According to the report, private jets negatively impact:

  • The environment, burning enough fuel to power a car for a year in just one hour.
  • Public safety: Even though private planes incur the same air-traffic control costs as commercial airliners, commercial planes pay for 95 percent of FAA air-traffic control costs in $2,015 in taxes per flight, while just accounting for 73 percent of air control capacity. Private planes only pay $236 per flight in taxes.
  • Tax revenues: Private plane buyers can take a larger deduction their first year owning a new jet.
  • The war on terror: The Department of Homeland Security IDs private planes as a particular risk.



(Photo by Cubbie_n_Vegas) ]]>
Tue, 01 Jul 2008 10:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=5020868&view=rss&microfeed=true
<![CDATA[ Google daycare now a luxury for Larry and Sergey's inner circle ]]> KinderperplexedLife inside the Googleplex already resembles a daycare center, with its primary colors, bouncy exercise balls, and free food. But if you're a parent working at Google, daycare has become a nightmare. As recently as last July, Google advertised its Kinderplex child-care center as a perk, though the rates it charged weren't much below the market price. The reality: Googlers haven't been able to get their kids into the Kinderplex, thanks to a long waiting list, and the facility is now closing, being replaced by overpriced facilities designed at the behest of Susan Wojcicki, the multimillionaire sister-in-law of Google cofounder Sergey Brin and mother of four. Google employee-parents are up in arms — not over the price hike itself, but over the way the decision came down from on high.

Wojcicki has modest tastes in cars: She chauffeurs her kids in a Honda Odyssey minivan. But when it comes to spending Google's money, she is far less thrifty. Wojcicki, an early Google employee, was dissatisfied with Google's Kinderplex, which has been run by an outside firm, CCLC. CCLC is used by many companies in the Valley, including Cisco and Electronic Arts, but it wasn't good enough for Wojcicki, who pulled her children out, and set about designing a new Google-owned facility, with a blank check from Brin.

The Kinderplex is losing its lease this month. The Woods and the Wetlands, as Google's new child-care facilities are known, are implausibly plush — and proved hard to staff until Brin and cofounder Larry Page were dissuaded from rejecting caregivers who didn't have a 3.5 GPA from a top school.

The price is likewise out of sight. One of the new centers has 18,500 square feet for 80 children — or 230 sq. ft. per child. Minimum licensing requirements are 35 sq. ft. of usable floor space per child; a more generous recommendation is 50 sq. ft. per child. Even allowing for some space for other uses, that seems extravagant. Brin told employees that the new centers cost $40,000 a year per child to operate — more than the roughly $30,000 a year Google planned to charge employees, but also far above market rates.

That number was also a 75 percent increase over Kinderplex's near-market fees, and the figure sent Googlers, ever driven by data, into a frenzy of mathematical modeling. Detailed proposals for reducing the cost of the centers came out — and were ignored.

Google's chief child-care officer sent an email out a few weeks ago promising that prices wouldn't be raised 75 percent. Sure enough, they weren't. Instead, Google's head of HR, Laszlo Bock, told employees earlier this week that prices would be raised a mere ... 70 percent.

The monthly fee for a preschooler is rising from $1,070 to $1,710; for an infant, it's rising from $1,470 to $2,390. At those prices, one parent says, if you had two kids, you could afford to just hire a nanny instead.

For the likes of Wojcicki, a top Google executive and an IPO lottery winner, those costs are inconsequential; having a luxurious child-care center near the Google campus is more important. But for workaday Googlers, especially those who didn't join the company before the IPO, those prices are out of sight. Even Bock, Google's chief people officer who was saddled with the unfortunate task of explaining Wojcicki's decisions, has told fellow Googlers he will take his children elsewhere rather than pay the new rates.

We hear that one top Google lawyer has quit over the price hike — not because she couldn't afford it, but because the way Brin's inner circle decided it, without consulting the data. (This departure may come back to haunt the company.)

Google used to be a place where rank didn't matter: If the numbers showed you were right, Larry and Sergey could be persuaded. That Brin let his sister-in-law's wealthy whims rule over the interests of hundreds, if not thousands, of working Googlers shows that Google is becoming yet another big company, with an insular clique at its heart. What it proves is that at Google today, it's not what you know. It's who you know.

How lucky for Wojcicki's kids that her mother has friends in high places. How unfortunate that other parents don't. One can't fault Wojcicki for wanting good things for her children. But doing so with Google's money, creating a luxury service affordable only to top executives and IPO lottery winners? That's inexcusable.

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Fri, 13 Jun 2008 17:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5016355&view=rss&microfeed=true
<![CDATA[ Google's suburban sprawl ]]> Google's announcement today of a massive campus expansion was inevitable. Having taken over every last scrap of office park around it not occupied by neighbor Intuit, Google is expanding the Mountain View Googleplex to the west — and, more controversially, to the east, on land owned but poorly used by Nasa. Ignore the happy talk about Google and Nasa's scientific partnerships; those are an obvious fig leaf to cover the use of public land by a private entity. (Let's not even get started on Larry Page, Sergey Brin, and Eric Schmidt's sweetheart deal to park their party plane on Nasa grounds.) Google has grown to be a powerful employer in the Bay Area, and its wealthy executives donate freely to local politicians, so we should hardly expect the powers that be to stop it. What's good for Google is good for America, or so we'll be told.

What ought to stop this search-engine sprawl: Googlers' own consciences, if they are still guided by the "Don't be evil" slogan. Developing new offices on the very fringe of Bay Area's suburbs, on areas that used to be wetlands, or neighbor the fragile ecosystems, is unconscionable. Despite the perk of free shuttle buses, most Googlers still drive carbon-emitting cars to work.

The Bay Area's infrastructure allowed Google to blossom. The region has asked far too little of it in return. Google should commit now to funding the extension of Santa Clara County's light-rail system through its new campus and its old one. It should also expand in cities like San Francisco, already served by public transit, rather than shuttle its workers 40 miles each way. Eliminating energy expended in transportation is far more productive than finding clever ways to achieve marginal efficiencies.

The environmental impact is one thing. But the business impact is another. Google's executives should also ask themselves: What kind of company do they want to be? Do they want to remain cloistered from the world, or engaged in it? Facebook CEO Mark Zuckerberg chose to place his company in downtown Palo Alto, with all the difficulties that poses; his choice meant that his workers rub shoulders daily with Stanford students, entrepreneurs, venture capitalists — and, shockingly, people not involved in the tech industry. On the Googleplex, Googlers live in a world of sameness, with people who never challenge their technology-über-alles worldview.

Larry and Sergey have built themselves a candy-colored bubble on the outskirts of Mountain View. By inflating it, as they've chosen to do, they only increase the risk that a competitor more in touch with the real world will pop it.

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Wed, 04 Jun 2008 17:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5013235&view=rss&microfeed=true
<![CDATA[ Millionaire Mark Zuckerberg needs to hire a decorator ]]> Mark ZuckerbergHow did we miss this at D6? Mark Zuckerberg said he'd had Google cofounder Larry Page and CEO Eric Schmidt over for dinner recently; his digs were so Spartan, Zuckerberg said, that Page got a chair, and Schmidt wound up on the floor. Zuckerberg likes to point to his one-bedroom apartment as proof that he hasn't profited from Facebook. But according to Sarah Lacy in Once You're Lucky, Twice You're Good, Zuckerberg cashed out $1 million in Facebook shares in an early financing round. He can afford some nice furniture, in other words; he's just too busy, or lazy, to hire an interior decorator.

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Fri, 30 May 2008 15:40:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=394324&view=rss&microfeed=true
<![CDATA[ Mr. Page goes to Washington, demanding bandwidth ]]> delicious_larryos_brand_breakfast_cereal.jpg"If we have 10 percent better connectivity in the U.S., we get 10 percent more revenue in the U.S.," Google cofounder Larry Page told the FCC. He argued in short, that what's good for Google is good for America, speaking in favor of opening unlicensed spectrum known as "white spaces" between television broadcast frequencies. The National Association of Broadcasters and major sports leagues are opposed to the measure, with the NAB citing the FCC's failed tests of equipment made by Microsoft in 2007.

Google's wireless dreams have been thwarted at every turn, from the botched Wi-Fi effort with Earthlink to Verizon reneging on open-access provisions after the spectrum auction. I doubt Page's blatant desire to line his own pockets will win the FCC over. Perhaps he should refine his pitch and mention the possibility of 10 percent more campaign donations. (Photo by Danny Sullivan)

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Fri, 23 May 2008 10:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=393041&view=rss&microfeed=true
<![CDATA[ Zuckerberg follows Jobs, Page, Skoll to ashram ]]> neem_karoli_baba.jpgIn the latest installment of "Where in the World is Mark Zuckerberg," one stop on his tour to the subcontinent was to the favored ashram of Larry Brilliant, director of Google's entrepreneurial philanthropy project, Google.org. This would presumably be the one run by Neem Karoli Baba which Apple CEO and co-founder Steve Jobs has also visited. Brilliant has said he also brought Google cofounder Larry Page and eBay cofounder Jeff Skoll there.

Baba's teachings include the precept that showing kindness to others is the highest form of devotion to God, and writings compiled by noted mystic Ram Dass in the book Miracle of Love. It's an opportunity for Zuckerberg to appear deep when discoursing on management philosophy. More importantly, he can now share the experience with other tech titans as a sort of rite of passage in the tightknit world of the Valley's ultrarich. (Photo by Ken Wieland)

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Thu, 22 May 2008 17:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=392845&view=rss&microfeed=true
<![CDATA[ Larry Page: Microsoft's "history of doing bad stuff" makes Yahoo merger risky ]]> Taking questions after a speech before the New America Foundation, Google cofounder Larry Page told the crowd the reason Microsoft and Yahoo shouldn't merge is that it would give Microsoft too much control over email and instant messaging. "90 percent of the communications all in one company, I think that's a really big risk." We totally agree! So when will Google open its search results pages to third-party advertisements?

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Thu, 22 May 2008 09:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=392702&view=rss&microfeed=true
<![CDATA[ Google cofounders: Google vs. Microsoft vs. Yahoo "horse race" is unhealthy for Internet ]]> For a while it looked like Google had successfully killed the Microsoft-Yahoo merger with its promise to pump up the profits of Yahoo's search results. So perhaps you'll forgive Google cofounders Sergey Brin and Larry Page for a little crankiness now that talks between Yahoo and Microsoft are on again. Asked about Microsoft's plans to buy Yahoo's search business for a rumored $21 billion, Page told reporters in the U.K. he's tired of talking about the deal and would like them to stop asking about it: "If we're focused on what the other companies are doing we won't make much progress." The Financial Times reports that Page and Brin even complained that the "horse race" between Google, Microsoft and Yahoo "was unhealthy for the development of the Internet." It was much easier when no one was paying attention to Google, wasn't it, Larry and Sergey?


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Tue, 20 May 2008 11:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=392043&view=rss&microfeed=true
<![CDATA[ Now it's time on Sprockets when we dance ]]> Proud Google CEO and father figure Eric Schmidt looks on as Sergey Brin and Larry Page announce their undying love for each other in the wake of the California Supreme Court decision legalizing gay marriage. We kid! Or fantasize, what have you. But we couldn't resist when our tipster pointed out how the young founders' outfits matched a little too well while speaking at a Google Zeitgeist event. Can you suggest a better caption? Do so in the comments, and the winning one will become the new headline on this post. Friday's winner: Torley, for "Our hero travels back in time to star in Breakfast Club 2." (Photo by Joi Ito)

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Mon, 19 May 2008 16:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=391854&view=rss&microfeed=true
<![CDATA[ P is for Parker, the Valley's bad boy ]]> Sean ParkerSean Parker has had a hand in some of the Valley's biggest successes. His first company, Napster, took the world by storm, but didn't make Parker rich. His second, Plaxo, just sold to Comcast. And his third, Facebook — well, say no more. Except for the bit about him getting kicked out, according to Mark Zuckerberg's legal testimony, for a cocaine arrest. (Parker characterized the incident as "a misunderstanding.") That and more is covered in the 21 pages Sarah Lacy devotes to Parker in Once You're Lucky, Twice You're Good, new book about Web 2.0. The index page where Parker is listed:

web20indexm-p.jpg

Previously:


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Thu, 15 May 2008 06:00:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=390660&view=rss&microfeed=true
<![CDATA[ The $179 billion worth of free advice Larry Page got from his Stanford advisor ]]> When Fortune magazine asked Google cofounder Larry Page what was the best advice he ever got, Page said that while at Stanford he couldn't decide which of his 10 projects to focus on until his advisor, Terry Winograd, looked at one them — something to do with "the link structure of the Web" — and said "that one seems like a really good idea." Since, the advice has paid off for Winograd; he's landed a consulting gig at Google and even took a sabbatical to work there from 2002 to 2003. Google's recent market cap: $179 billion. (Photo by boltron)

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Mon, 12 May 2008 12:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=389471&view=rss&microfeed=true
<![CDATA[ Larry Page says be like Thomas Edison, not Nikola Tesla ]]> larry_page_at_TED.jpgWhile taking risks is valuable, it's only those who can successfully commercialize their breakthrough ideas who will succeed, Google cofounder Larry Page told Fortune in a feature interview.
You also need some leadership skills. You don't want to be Tesla. He was one of the greatest inventors, but it's a sad, sad story. He couldn't commercialize anything, he could barely fund his own research. You'd want to be more like Edison. If you invent something, that doesn't necessarily help anybody. You've got to actually get it into the world; you've got to produce, make money doing it so you can fund it.
In other words, it's not enough to innovate — you need to make a profit, too. Further nuggets of wisdom from the paper billionaire after the jump.

Page points out how many engineers have been hired by Big Oil to find every last drop of crude, calling it "disproportionate to the return that they could get elsewhere." A big proponent of geothermal and solar, he further describes how cleantech investment that has focused on the move from fossil fuels to electricity doesn't solve the root problem of our grid being powered mostly by coal. And in his view, venture capitalists are ten years too late in funding green initiatives:

Look at VC investment in clean energy. What caused that to happen was two things: the price of oil going up and global warming. It's mostly the price of oil going up.
So how does Google plan to stay relevant even as employee rolls balloon into the tens of thousands and the corporate culture begins to stale? By leaving up to ten percent of the company to do what they like, and having faith that the amount of progress will proceed in a linear relationship to the people working on the problem.
I think it's everybody who cares about making progress in the world. Let's say there are 10,000 people working on these things. If we make that 100,000, we'll probably get 10 times the progress.
Fortune is right, Page is certainly optimistic. (Photo by jurvetson)

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Thu, 01 May 2008 16:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=386350&view=rss&microfeed=true
<![CDATA[ Google's fight for the right to party like sagging, middle-aged rockers ]]> No, really, please do stopGoogle has asked San Francisco for permission to host a "picnic-style dinner" for 1,400 sales employees on June 11. What's really pathetic: Google wants its salespeople to boogie down after hours to the sounds of U2 and Journey. Not the actual U2 and Journey, mind you, but cover bands. Neighbors aren't charmed, and not just by having their backyards used at the set for lightly inebriated lip dubs of "Don't Stop Believing." But the people who bring in Google's billions should ask why, if Larry Page is such pals with Bono, he wasn't able to deliver the real thing for their park-wide party.

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Thu, 01 May 2008 12:20:00 PDT Melissa Gira Grant http://valleywag.com/index.php?op=postcommentfeed&postId=386257&view=rss&microfeed=true
<![CDATA[ Google works really hard at making sure 25 percent of its engineers are women ]]> Google's business goal is to organize the world's information. Ambitious. Google's goal for hiring women engineers? "We're very focused on having about 25 percent of our technical workforce be women," Google VP Marissa Mayer tells a Bay Area public-radio interviewer in this clip. Google's cupcake princess added that Sergey Brin — he's the cofounder she didn't date — and Larry Page — the one she did — came up with that target shortly after they founded the company.
They'd read a lot of research around how to form the best companies and a lot of studies show that if you fall below 20 percent of the workforce being women, things become really imbalanced and unhealthy inside the corporate culture.
The silver-lining: Now when Google apologists start going on about the company's "20 percent" rule, the rest of us get to ask: "Wait, which one?"

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Thu, 24 Apr 2008 15:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=383816&view=rss&microfeed=true
<![CDATA[ Google's first-quarter earnings ]]> Google stockPessimism has been replaced by optimism: After Google shares traded down 1.2 percent today, traders responded to the release of Google's first-quarter earnings by sending the shares up nearly 12 percent in after-hours trading, crossing $500. Fear, in short, has been replaced by greed. As I expected, the call was filled with chest-thumping glee from never-modest CEO Eric Schmidt. That's why I listen, by the way — not to hear numbers I could read in analyst reports, but to hear how Google's executives talk about the company on one of the brief occasions that they leave the bubble of the Googleplex. Live coverage, starting at 1:30 p.m. Pacific:

1:30 p.m. Pacific: Waiting for the call to start. I note that Eric Schmidt's promise to rein in hiring hasn't had much effect. Aside from the DoubleClick acquisition, which added 1,500 employees, Google itself hired 851 employees. Google's employee count, continues to expand at roughly 5 percent a quarter. As of the end of March, before laying off roughly 150 DoubleClickers, Google had 19,156 employees. At that rate, Google will have 27,000 employees by the end of 2009.

1:35 p.m.: The usual crew: CEO Eric Schmidt, Larry and Sergey, outgoing CFO George Reyes, and top executives Jonathan Rosenberg and Omid Kordestani. Sergey must have hightailed it back from Tahiti, where he was recently spotted consorting with blog mogul Arianna Huffington and Wendi Deng, wife of News Corp. CEO Rupert Murdoch.

1:37 p.m.: Schmidt says that Google is performing well "regardless of the business environment" and that its strategy is "transformative." See what I meant by "chest-thumping glee"? He addresses concern about Google's paid clicks, saying growth was "higher than third parties had speculated."

1:39 p.m.: Schmidt talks about its Web-based apps business, saying "all the pieces are coming together." He cites a partnership with Salesforce.com, but doesn't give any numbers. In other words, it's not a real business yet.

1:40 p.m.: Reyes, who resigned as CFO last August but still hasn't been replaced, recites the figures found in the press release. Is his sole remaining duty sparing Schmidt from having to utter a sentence with a number in it during this call? He's stumbling over simple phrases as he reads from a script.

1:44 p.m.: "Approximately 15 percent of the DoubleClick U.S. workforce" — another 200 or so — "are expected to leave in the near term," says Reyes, because they are in "transitional" roles.

1:46 p.m.: Sergey Brin takes the mic. He starts by talking about "almost 100 search improvements" made in the quarter. A lot of those, he says, are international — in other words, nothing that U.S. users will see. Google is increasingly showing non-website results, like books, images, and videos, in its search results. He claims mobile growth, but doesn't give any numbers.

1:52 p.m.: Larry Page starts talking about ads. He says Google has introduced demographic targeting for social networks, using gender and age information. The lack of this up until the recent quarter might explain why Google's social-network ads have performed so poorly. Until now, instead of fessing up to this basic technological shortcoming, Google has been blaming partners like MySpace for lower-than-expected revenues.

1:54 p.m.: Page says Google is "really excited" about YouTube ads. As he is about the acquisition of DoubleClick. As he is about the Salesforce.com partnership. Is there anything he's bored by? In a typical nerd mistake, he throws out terms like "wikis" and "cloud applications" without defining them for the Wall Street analysts who are listening, but not particularly caring.

1:57 p.m.: Schmidt wraps up quickly and goes to questions.

1:58 p.m.: Question on the search for a new chief financial officer. "We're very pleased George has remained," says Schmidt. "We have not made any offers yet." That, according to insiders familiar with the search, is simply a lie: Google has made two offers to prospective CFOs, both of whom have declined.

2:00 p.m.: Sales chief Omid Kordestani says that Toyota and Dunkin' Donuts, among others, have signed up as YouTube advertisers.

2:02 p.m.: Sergey Brin, who declared his hatred of Web banners years ago when Google launched its simple text ads, fields a question about putting banners on Google-owned sites. He notes that YouTube already carries banners, and other sites like Google Images and social network Orkut might also add them.

2:05 p.m.: Schmidt says the company hasn't seen any problems from the larger economy, batting away suggestions the U.S. is heading into an advertising recession. He says that in internal conversations, Google executives have concluded that it would do well even if a recession came, because its ads are so targeted.

2:10 p.m.: Brin fields a question about mobile ads. He says in markets where the devices and networks work well — "basically, Japan" — the ads perform well.

2:14 p.m.: Jonathan Rosenberg, who normally handles product management, is fielding a simple question about seasonality by offering a baroque explanation involving Easter's and a leap year. I suppose Google Calendar does fall under his purview.

2:17 p.m.: Talking about the failure of Google's ads to perform well on social networks, Larry Page turns to upspeak: "It's an area where we've applied a lot of new technologies?" He goes on to say that Google is "optimistic" and getting advertisers to embrace new tools "takes some time." In other words: Not our fault, and technology will fix everything once the Luddites die off.

2:20 p.m.: Kordestani admits that in retail, in the first quarter, Google has seen some "postponements" of budgets, but that other industries have made up for the shortfalls. As he flails, Jonathan Rosenberg, who's not actually in charge of advertising, jumps in. Schmidt finally cuts the answer short and goes to the next question.

2:28 p.m.: Kordestani fumbles another question about "integrated advertising" — campaigns which use search adds, display, and YouTube — with a rambling nonanswer.

2:34 p.m.: An analyst asks if U.S. revenues were flat quarter-over-quarter, not counting DoubleClick's contribution. Schmidt: "We know that it's not macroeconomic. It can have as much to do with the timing of deals." The classic excuse of enterprise-software companies, which Schmidt learneda t Sun and Novell: Blame laggard customers. And with that, Schmidt wraps up the call.

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Thu, 17 Apr 2008 13:30:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=381129&view=rss&microfeed=true
<![CDATA[ Rerank the geeks on the 100 Unsexiest Men list ]]> KevinRoseTattoos.pngYahoo's new site for women, Shine, began life with a link to The Phoenix's 100 Unsexiest Men of The Year. OK, fine, we clicked. But then we were astounded to find the list contained only 4 percent geek. Further, the unattractiveness of those who made the list, such Yahoo CEO Jerry Yang, was, frankly, insultingly underrated. Also, the whole list was out of order. Below, a poll where you can help us rerank both the geeks already on the list, and those who should have made it. Rachel Marsden, your assistance in this matter would be appreciated.

Gawker Media polls require Javascript; if you're viewing this in an RSS reader, click through to view in your Javascript-enabled web browser.

(Kevin Rose photo by Sara Morishige)

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Mon, 31 Mar 2008 12:40:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=374025&view=rss&microfeed=true
<![CDATA[ Paying taxes is for the little people who earn wages ]]> Disgraced stock analyst Henry Blodget has found a new reason to fawn over the Valley's billionaires: Jerry Yang, Steve Jobs, and Larry and Sergey pay themselves $1 salaries. Hank, haven't you heard that there's a crisis in Social Security? The $1 salary is the perfect combination of tax dodge and publicity stunt. Jerry, Steve, and the Google boys pay 6 cents of their buck towards Social Security, and a penny for Medicare. Those taxes aren't charged on investment income — the kind generated when a founder sells his shares. "It would be nice if we started to see the same gesture from chief executives in the rest of corporate America," writes Blodget. Sure, if you want to make sure the rest of us get nothing when we retire.

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Fri, 28 Mar 2008 12:40:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=373569&view=rss&microfeed=true
<![CDATA[ Mark Zuckerberg reveals Larry Page's wife in another man's embrace ]]> Lucy and Tom KretchmarBefore Lucy Southworth met Larry, there was another man in the future Ms. Page's life: Tom Kretchmar. From a photo album on Facebook, leaked thanks to the site's privacy holes, we can see Southworth and Kretchmar were close. In one photo, she's sitting on his lap. Old college flame, or just a friendly school chum? Never mind: Southworth is too radiantly adorkable for me to pay much attention to Kretchmar.

Lucy Southworth

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Thu, 27 Mar 2008 15:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=372745&view=rss&microfeed=true
<![CDATA[ If you round up, Larry Page turns 40 today ]]> Born on March 26, 1973, Google cofounder Larry Page turns 35 today. Maybe wife Lucy will get Larry some jewelry to match Sergey's. (Photo by dannysullivan)

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Wed, 26 Mar 2008 16:20:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=372371&view=rss&microfeed=true
<![CDATA[ Page, Branson, Wales and Blair fuel up private jets for more green getaways ]]> Earlier this month, Virgin's Richard Branson hosted Wikipedia founder Jimmy Wales and his wealthier coevals on Necker Island for a discussion on global warming. The beach party seemed to be held mostly for the benefit of a sun-satiated New York Times reporter. But, between sips of pinot grigio, Branson and his tanning friends confirmed that yes, they will consider holding another such confab again in the future. You don't see plebes in Priuses saving the world, do you? Write your best caption in the comments.

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Tue, 25 Mar 2008 16:00:00 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=371870&view=rss&microfeed=true
<![CDATA[ While Wikipedia burns, Jimmy Wales and women in bikinis save "world on fire" ]]> The image associated with this post is best viewed using a browser.We were right: Wikipedia founder Jimmy Wales really did skip off to Richard Branson's Caribbean getaway in early March, even as a scandal unfolded over his governance of the world's most comprehensive list of gay animals. The powwow on Necker Island, which included Google's Larry Page, Tesla Motors chairman Elon Musk, former British prime minister Tony Blair, and VC Vinod Khosla, discussed global warming. Branson asked: "Is the world on fire?"

It may well be. Aflame, too, are the sentiments of Wikipedia's volunteers, many of whom are already enraged by Wales's jetsetting ways. For Wales, the gathering had an added attraction: After lunch, Branson took a party by catamaran to Mosquito, where women in bikini danced on the beach. "Normally the girls would be naked, but the prime minister is here," said Branson.

(Image via Wikimedia Commons)

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Fri, 21 Mar 2008 05:00:17 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=370487&view=rss&microfeed=true
<![CDATA[ Schmidt: Page and Brin are all grown up now ]]> EricSchmidtSweater.jpg"I was brought in as sort of a father figure — somebody who has a lot of operating experience — because [Google] at the time was very small and basically right out of Stanford," Google CEO Eric Schmidt said in a press conference in Australia yesterday.
[But] Larry and Sergey are now adult leaders of a god knows how many billion-dollar valuation company and have done it for a long time.
(Photo by jdlasica)

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Tue, 18 Mar 2008 12:40:37 PDT Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=369141&view=rss&microfeed=true
<![CDATA[ Mark Zuckerberg and 46 others make up the Bay Area billionaires list ]]> Who's the richest billionaire in the Bay Area? No surprise here: Oracle founder and yachting enthusiast Larry Ellison, is the 14th wealthiest in the world (which must grate on him something fierce) with $25 billion. Trailing him are a trio of Googlers, Larry and Sergey with almost $19 billion each and CEO Eric Schmidt with $6.6 billion. Facebook founder Mark Zuckerberg, the youngest billionaire is pegged at $1.5 billion and outgoing eBay CEO Meg Whitman, one of only 99 women on the list, has $1.3 billion. Other local billionaires include Steve Jobs, Charles Schwab and George Lucas. Grab the full list from Forbes.

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Thu, 06 Mar 2008 15:10:50 PST Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=364878&view=rss&microfeed=true
<![CDATA[ Harvard Business School, White House alumna says connections don't matter ]]> In an interview with BoomTown's Kara Swisher, Facebook's new second-in-command Sheryl Sandberg says "Silicon Valley is a very good place for women."
For a couple reasons. It's a meritocracy. People really care about ideas here. None of the old school where'd-you-come-from stuff applies in Silicon Valley and I think that helps women.
Where Sandberg comes from:

  • Google
  • The Clinton White House
  • Harvard College
  • Harvard Business School
She was also Larry Page's connection to Bono. But I'm sure that doesn't matter, either. ]]>
Wed, 05 Mar 2008 17:00:33 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=364371&view=rss&microfeed=true
<![CDATA[ Tech titans out $21.4 billion so far this year ]]> DownChart.jpgMissed earnings, recession fears, and dodgy deals are eviscerating the stock portfolios of tech titans like Steve Jobs, Bill Gates, Steve Ballmer, Larry Page, Sergey Brin, and Eric Schmidt. Here's the damage.

  • Bill Gates is out $6 billion since the beginning of the year and $3 billion since Microsoft bid on Yahoo
  • Steve Ballmer's net worth is down $3 billion since 2007
  • Apple CEO Steve Jobs has lost $400 million in six weeks.
  • Google cofounders Sergey Brin and Larry Page are both down $5 billion so far this year.
  • Google CEO Eric Schmidt lost $2 billion this year.
The ironic twist? The founders of layoff-plagued takeover target Yahoo, David Filo and Jerry Yang, are having the best 2008 in the bunch, up $500 million and $350 million respectively. ]]>
Thu, 14 Feb 2008 16:00:47 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=356758&view=rss&microfeed=true
<![CDATA[ Yang loses his Google escape route ]]> Google_Charity.jpgBrin, Page and Schmidt have cut and run on Yahoo CEO Jerry Yang. Word is Google execs visited with Yang and the Yahoo board last week and encouraged them to say no to Microsoft's offer. As incentive to do so, Google is said to have offered to take over Yahoo search and immediately boost the floundering company's cash flow. On Monday, Yang officially rejected Microsoft's offer. But now that Yang and the board face a proxy fight with Microsoft, these Google executives are suddenly less interested in bailing Yahoo out, the WSJ reports. Sources tell the paper that the Googlers' enthusiam waned as antitrust worries waxed. But we wonder if all Google wanted in the first place was to keep Microsoft and Yahoo from doing anything quickly.

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Wed, 13 Feb 2008 06:54:59 PST Nicholas Carlson http://valleywag.com/index.php?op=postcommentfeed&postId=355932&view=rss&microfeed=true
<![CDATA[ Introducing Mrs. Lucy Page ]]> The kiss, the ring, the name — she'll take it allAnne Wojcicki, the wife of Google cofounder Sergey Brin and CEO of the Google-funded biotech startup 23andMe, is a modern sort, keeping her name after marriage. Not so, apparently, for the former Lucy Southworth, who recently married Brin's cofounder, Larry Page. At the World Economic Forum in Davos, her nametag read "Lucy Page." One thing's for sure: This will make her more difficult to Google.

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Mon, 28 Jan 2008 12:40:07 PST Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=349795&view=rss&microfeed=true
<![CDATA[ Larry and Sergey lost $10 billion in less than a month ]]> Google founders Larry Page and Sergey Brin collectively own 57,806,476 shares of Google stock. One month ago, Google's stock was trading at $710.84 — putting Larry and Sergey's combined holdings at $41.1 billion. That'll buy you a few party planes, right? Not so fast. In the past month, Google's stock has fallen almost every day, with the biggest drop coming today. The one-day loss for Larry and Sergey? Almost $2.5 billion, bringing their total losses to $10 billion in just under a month. I guess I won't complain about the $120 I lost at the poker tables with Jason Calacanis last month. (Photo by AP/Ben Margot)

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Wed, 23 Jan 2008 12:12:49 PST Jordan Golson http://valleywag.com/index.php?op=postcommentfeed&postId=348126&view=rss&microfeed=true