WEDNESDAY, JANUARY 11, 2017 SECTION B
USA SNAPSHOTS©Women’s gains
SOURCE PayScale “Inside the Pay Gap 20 1 6”
JAE YANG AND JANET LOEHRKE, USA TODAYIn 2016, women earned
76 cents for every dollar
earned by men, up2 cents
from 2015.INDEX CLOSE CHG
Nasdaq composite 5551.82x 20.
S&P 500 2268.90 unch.
T-note, 10-year yield 2.38%x 0.
Oil, light sweet crude $50.82y 1.
Euro (dollars per euro) $1.0560y0.
Yen per dollar 115.73y 0.
SOURCES USA TODAY RESEARCH, MARKETWATCH.COM
u USA MARKETS, 5B
DOW JONES INDUSTRIAL AVG.
-31.19,19,19,19,19,20,
9:30 a.m.
19,887 4:00 p.m.
19,TUESDAY MARKETS
Fox settled
sex claim
against
O’Reilly,
2BGETTY IMAGESBrilliant & Bright
888.821.
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White Diamond Accents•18K Gold•Each Sold SeparatelySAN FRANCISCO Is Yahoo CEO
Marissa Mayer a failure? Or
was she just handed a Sisy-
phean task?
“Both,” says Aswath Damod-
aran, professor at New York
University’s Stern School of
Business. “She was given the
impossible job (of turning
around the troubled Internet
pioneer). But at the same time,
she took it on, said she would
change things and failed.”
As Yahoo’s dismantling pro-
ceeds — Verizon is still on track
to buy its digital assets for $4.billion while the
remaining Ali-
baba-invested
company gets
renamed Altba-
ba — questions
arise about the
tenure and fu-
ture of the Goo-
gle-trained
savior who had
promised to ride
to the rescue.
On the one hand, under Mayer,
41, Yahoo stock soared 180%
since she was named CEO in
2012, from $15 to $42.
“If my broker could do that for
me every time, I’d call him a ge-
nius,” says Michael McDermott,
professor of business manage-
ment at Georgetown’s McDo-
nough School of Business. “Given
a very difficult if not impossible
situation, I’d say she did OK.”
Mayer was in many waysMayer’s Yahoo
tenure a toss-up
Was she handed
impossible challenge
or was she bad CEO?Marco della Cava
and Elizabeth Weise
@marcodellacava, @eweise
USA TODAY GETTY IMAGES
CEO Marissa
Mayerv STORY CONTINUES ON2BHOPPER STONEGoogle hopes movie
inspires coders, 4B
CHAN ZUCKERBERG ADDS
POLITICAL HEAVYWEIGHTS
Facebook CEO Mark Zucker-
berg and his wife, Dr. Priscilla
Chan, are stocking up on pub-
lic policy expertise and political
connections with the hire of
David Plouffe to lead public
policy for their limited liability
company that handles their
philanthropic efforts. Plouffe,
who managed Barack Oba-
ma’s 200 8 presidential cam-
paign, is leaving Uber, where
he is an adviser and board
member, to join the Chan Zuck-
erberg Initiative as president of
policy and advocacy, “The New
York Times” reported.
DRUGMAKER VALEANT
SELLING $ 1. 3 B IN ASSETS
Valeant Pharmaceuticals Inter-
national on Tuesday said it
would sell three skin care
brands to French cosmetics
company L’Oréal for $ 1. 3 billion
in cash. The proposed sale,
announced a day after Va-
leant announced similar plans
for an $ 819. 9 million cash sale
of its Dendreon cancer unit to
China conglomerate San-
power Group, sent Valeant’s
shares up nearly 6. 8 % Tuesday.
The transactions are the latest
moves in abid to cut the Mon-
treal-based company’s esti-
mated $ 3 0 billion in debt and
enable Valeant to rebound
amid investigations about its
drug-pricing and distribution
policies, and its accounting
practices. Valeant shares have
lost more than 9 0% of their
value since early August 20 1 5.
AMERICAN APPAREL GOING
CANADIAN IN $ 88 M DEAL
Canada-based Gildan Active-
wear on Tuesday said it won a
U.S. bankruptcy court-super-
vised auction for embattled
California-based fashion com-
pany American Apparel with a
roughly $ 88 million cash bid.
The sale, subject to court ap-
proval, includes the acquisition
of worldwide intellectual prop-
erty rights related to the Amer-
ican Apparel brand, along with
certain manufacturing equip-
ment and some of the U.S.
company’s current inventory.
However, Gildan is not buying
any of American Apparel’s 110
current retail stores as part of
the deal. The companies did
not immediately respond to
messages about any future
plans for the stores.
MONEYLINE
Warren Buffett may have vot-
ed for Hillary Clinton with his
heart. But his wallet is profiting
from Donald Trump’s victory.
Buffett is one of 10 investors
and executives, along with for-mer CEO of Wells Fargo John
Stumpf, and Laurene Jobs, a large
owner of Apple stock and widow
of Steve Jobs, who collectively
hauled in $8.9 billion since the
election on shares they own, ac-
cording to a USA TODAY analysis
of data from S&P Global Market
Intelligence. These are the largest
individual holders of stocks in the
Standard & Poor’s 1500 that gen-
erated the most wealth since theNov. 8 election, putting them in a
good position to capture much of
the gains.
Such gains are a reminder of
the value of being an investor
even when the masses sit out.
The stock market has generated
roughly $1.5 trillion in paper
wealth since the election, but
nearly half of Americans likely
missed out. That’s because as of
last year, only 52% of Americanswere invested in the market, ac-
cording to a Gallup poll.
“Many investors were not on
board the train for the ride,” Scott
Wren, global equity strategist at
Wells Fargo Investment Institute,
says in a note to clients. “Instead,
they stood at the station without
ever buying a ticket.”
There’s some irony in all this.1 0 people profit a tidy
$ 8 .9B from Trump rally
Matt Krantz
@mattkrantz
USA TODAYv STORY CONTINUES ON2BMercer Henderson is in
many ways a typical member of
Generation Z. She prefers com-
fort over couture. She likes to
put her own stamp on what she
wears. And, at 14, she already
has created a mobile app withthe proceeds going to charity.
Henderson is one of 10 young
social media influencers who’ve
helped Target design its latest
clothing brand, Art Class, aimed
at the 86 million teens and
tweens who make up Generation
Z.
Focusing on Gen Z makes re-
tail sense. Topping out at around
age 20, they outnumber oft-
courted Millennials and are
poised to have an estimated $billion in purchasing power by- Retail experts say that
chains such as Nordstrom, Urban
Outfitters and American Eagle
have bolstered their businesses
by offering products and services
that are particularly appealing to
the nation’s younger generation.
“Companies like Nordstrom ...
like Urban Outfitters, are using
these kids as think tanks,’’ says
TARGETTARGET’S
NEW LINE
TAILORED
TO FIT GEN Z
Mix-and-match fashion aimed at today’s teens, tweens
Charisse Jones
@charissejones
USA TODAYFocusing on Gen Z
makes sense for
retailers. Topping
out at around age
20, the group
outnumbers the
oft-courted
Millennials.
v STORY CONTINUES ON2B