. >> july 2000, reporter brian schultz is dispatched to new providence, iowa, to cover the installationw water tower. >> that looks pretty good, don't it? >> it does. >> getting the water tower was a point of pride for new providence. something they'd been trying to get done for quite a while. so it was quite a big deal. >> new providence raises enough money to purchase its very first tower. the remote town of a little more than 200 people is all abuzz. >> anyone who was at home at the time, they were going to go out and see this happen. >> as local residents gather in the streets, a 150-foot crane rises and successfully lifts the four steel legs into position. >> there were some gentlemen on top of the tank that were attaching these straps to a central point that the crane would lift up. there were a few gentlemen on the ground that were kind of directing them. and there was a gentleman on top of the crane that was waiting for all this to happen. i remember even at the time i was pretty impressed with how cautious they were being. >> we're going for liftoff. >> with two workers poised

best bay announcing its former ceo brian dunn behaved inappropriately and founder schultz is steppingown after a close relationship with a female employee that negatively impacted the work environment. yahoo investors seem to be liking the latest changes stocks higher at the moment in response to the announcement that scott thompson is out after failing to correct errors in his credentials. the company is revamping the bore. they are bowing to investor daniel lobe. getting a seat on the board as part of those changes. weak start overall markets. speculation that greece may leave the euro within a matter of months. still no government there. concern about spain's banking crisis. jpmorgan chase top exec ina drew is retiring following news the bank is facing huge trading losses. down 140 points, s&p and nasdaq deeply in the red. bloomberg index down four points. facebook getting ready to go public this week. steve wozniak says he would be a buyer and he doesn't care about the price because he believes in zuckerberg. wozniak says zuckerberg --. >> we lost jane. you got the gist of that st

. >> another shake up, best buy's founder, richard schultz resigned as chairman after an investigation found he knew, former ceo briann was having a relationship with a female employee and did not alert the audit committee. the company hired an outside law firm to investigate dunn who resigned in april. the enquiry showed schultz, with the company since inception in 1966, acted inappropriately when he founded out about the relationship. >>> big week for mark zuckerburg the facebook founder turns 28 today. then on friday, his company is expected to sell stock to the public for the first time and begin trading on the nasdaq stock market. the ipo could having facebook at nearly 100 -- could value facebook at nearly $100 billion making it worth more than disney, ford and kraft foods. >> 28. >> 28. >> he is going to be -- i don't know. i wonder where that will put him on the forbes list of billionaires. >> i hope he is grounded. >> seems to be let's hope he stays that way too. >>> coming up dr. oz joins us live to talk about little known childhood hazards. plus why certain batteries are causing a jump in emergency room vi

brian dunn. he was having a personal relationship with a female employee. the inquiry found that founder richard schultz acted inappropriately when he found out about the relationship and did not report it to other company officials. >>> one of two efforts to recall jean quan will end today. today is the deadline for a group behind one of the petitions to remove mayor quan from office to turn in 20,000 signatures to turn in to qualify. another group did not have enough signatures, and the second group has 12,000 and 15,000 signatures right now. >>> tonight, the lay fa yet city council will vote on tougher restrictions on massage parlors. this comes after people complained that illegal activities were happening inside some of those businesses. one woman who began researching massage parlors in her neighborhood said some of the activities were graphic and sexual in nature. new rules would include being state certified at registered with the city's police department. >>> police arrested a petaluma man m over the weekend after they say he was clocked driving over 100 miles an hour with two kids in the car.

and best buy's founder, richard schultz, is stepping down as chairman after an investigation found that he knew former ceo brian dunn had a relationship with a female employee and did not alert the audit committee of the company. yahoo! announced ross levenson will step down to replace -- will step in, rather, to replace scott thompson who stepped down sunday after allegations that he did not have a computer science degree that was listed in his official biographical materials. this is the third ceo switch in three years at that company. but one corporate executive is having a good day today. that's facebook ceo mark zuckerberg. it's his 28th birthday today. the social networking company is expected to be public in a blockbuster ipo that could value the company at almost $100 billion. barbara, back to you. >> okay, thank you. >> reporter: you bet. >>> we begin baby week here on news 4 midday on a special anniversary for nbc 4. it was 25 years ago that our station started an outreach campaign called beautiful babies right from the start. during that series designed to help decrease the extremely high infant mort

brian dunn is being described as having an extremely close personal relationship with a female employee and the chairman of the board acted inappropriately when he failed to bring the matter to the audit committee. richard schultzg he will step down as chairman in june to be succeeded by another. are you outraged at brian dunn's severance here? >> the fact that he'll get -- >> $6.6 million. having, quote, ran the company into the ground. and his severance is tied to a noncompete because obviously other people would want to hire brian dunn at this stage. >> they want to hire brian dunn at this stage, i don't know about that. >> a lot of this stuff is contractually guaranteed -- >> what's irked our producer -- >> i like the way they -- >> it's not just a close relationship but extremely close. >> and inappropriate. >> there are some relationships that are appropriate, apparently. >> he got to keep his 15,000 twitter followers when he changed his account. >> would that be irksome as someone who tweets, david? >> no. >> do you have cnbc in your h h hasht hashtag, i don't think i do. >> moving on here. scott thompson stepping down as ceo of yahoo! after four months on the job amid growing controversy over his academ

schultz said about the quarter and what green mountain said about the quarter. is coffee consumption? is it like soup where it really is affected by temperature? >> we're always drinking coffee up here. >> to brian'sough, it is a brutal reception that the stock's had today. you could say, look, this is a high growth company. inevitably, there might be high volatility. perhaps it's temporary. but the market is quite clear in the reaction today. completely unforgiving. >> down 44%. again, a lot of the short sellers, they're still hanging on to this one. they're not covering. whitney tillson spoke to him last night, and he said even on those stocks, 40% decline last night, that he's still sticking to the short. he sees further room to the downside. >> long some other names that others would want to short, right? on tillson's front. >> are you speaking about barnes and noble? >> yes, barnes and noble. is he long netflix or not? >> i don't know. >> he can move quite rapidly, though. >> that's very, very true. >> horrible chart to look at. let's get the squawk on the tweet. sotheby's had a tremendous night when edvard munch's the scream sold for $19.9 million, making the world's most expensive work of a