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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it
Broadsheet

The Broadsheet: January 24th

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
Down Arrow Button Icon
January 24, 2017, 7:49 AM ET

Good morning, Broadsheet readers! Priscilla Chan gets Meta, Trump taps Heather Wilson for secretary of the Air Force, and Marissa Mayer must be really tired of hearing about those hacks. Enjoy your Tuesday.

EVERYONE'S TALKING

• The hacks are back. It appears that federal investigations into Yahoo's handling of two massive data breaches are getting more serious. In the worst case scenario, investigators could conclude that actions by Yahoo employees amounted to an illegal cover-up, and possibly even bring criminal charges, writes Fortune's Jeff John Roberts in a helpful explainer of this convoluted case.

The Securities and Exchange Commission is reportedly looking into whether the hacks should have been disclosed sooner to investors. This is big deal because the agency has never pursued charges against a company over a data breach that affected its valuation. The case could set a major precedent.

According to Roberts' sources, Yahoo CEO Marissa Mayer is one potential source of liability for the company. Mayer knew about the smaller 2014 breach as early as July of last year. That's well before the company publicly disclosed the hack in September—and raises questions about whether Mayer deliberately concealed material information from Verizon, which declared its intention to buy Yahoo on July 25.

The Verizon deal is now expected to close no sooner than April, a delay from Yahoo's earlier intention to conclude the sale in the first quarter. Fortune

ALSO IN THE HEADLINES

• A high flyer. President Trump has nominated former New Mexico Rep. Heather Wilson for secretary of the Air Force. If confirmed, she would be the first Air Force Academy graduate to hold the position. NPR

• (Political) life goes on. Politico reports that Hillary Clinton is looking at a spring timeline to map out her next political steps. Among the options floated by the story: a push for specific policy initiatives, writing projects, or some type of work for Barack Obama's nonprofit, Organizing For Action. Politico

• Protests to PowerPoints. Fairygodboss co-founder Romy Newman writes about how women can tap many of the principles that made this weekend's protest marches so effective to push for equality in the workplace. Fortune

• Getting meta. The Chan Zuckerberg Initiative, the nonprofit run by Priscilla Chan and her husband, Facebook CEO Mark Zuckerberg, has made its first acquisition. Meta is a website that makes it easier for scientists to find the latest academic research.  Bloomberg

• Daddy daycare debacle. The New York Times writer and editor responsible for a Women's March article about how "suburban dads in the liberal enclave of Montclair, New Jersey, who on Saturday had to―gasp!―look after their own children while their wives marched for equality" have apologized for the much-mocked story. Huffington Post

MOVERS AND SHAKERS: Teresa Sullivan is stepping down as leader of the University of Virginia. Lowe’s has promoted Jocelyn Wong to CMO. She succeeds Marci Grebstein, who has left the company. Sarah Heck, formerly the director of global engagement at the Obama White House, has been hired by Stripe to head up partnerships and external affairs for Stripe Atlas, the company's in-house program aimed at helping entrepreneurs start their own businesses.

IN CASE YOU MISSED IT

• Dropping science. This New York Times piece tells the fascinating story of Maria Sibylla Merian, a 17th-century scientist whose study of insects had a major impact on the world's understanding of biology—before the gender attitudes of the Victorian age cast her discoveries into obscurity. Happily, her work is now being rediscovered and celebrated. New York Times

• Send it to the states? Sen. Susan Collins (R-ME) is one several senators who are wary of repealing the Affordable Care Act without a firm plan for how to replace it. She and Sen. Bill Cassidy (R-LA) have proposed a bill that could potentially take that decision out of the hands of Congress and turn it over to the states.  WSJ

• Newt's not a fan. Madonna hasn't lost her touch when it comes to stirring up controversy. Former House Speaker Newt Gingrich said he thinks the pop icon should be arrested for telling the Women's March crowds that she has "thought an awful lot about blowing up the White House." Madonna, for her part, claims that the statement was taken "wildly out of context." Time

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ON MY RADAR

Cervical cancer may be killing way more women than we thought—especially black women  Fortune

Museums are collecting Women's March signs as historical artifacts  Fortune

Watch Serena Williams make this reporter apologize for criticizing her play  Time

Malia Obama will spend her gap year learning about the movie business  Quartz

QUOTE

“The past—you might be done with it, but it’s not done with you.
Michelle Williams
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By Kristen Bellstrom
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