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Texas Tech Univ. School of Law

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Thursday, October 31, 2013

Yahoo CEO Buys Nearby Funeral Home to Prevent Development

Yahoohallo

Yahoo CEO Marissa Mayer recently bought a monumental funeral home near her house in an apparent attempt to stop developments from going up, a move recently pulled by Facebook’s Mark Zuckerberg, who bought four of the five homes surrounding his own.

Mayer makes $36.6 million a year, enough to buy Palo Alto’s oldest funeral home, Roller & Hapgood & Tinney mortuary.  The funeral home is surrounded by multi-family residences and was recently identified as a potential site for 21 residences.  The funeral home will close on October 31.  Mayer has not yet announced her plans for the property.

See Yahoo! Marissa Mayer Does a Zuckerberg and Starts to Buy Up Her Neighborhood . . . Starting with a Funeral Home, Daily Mail, Oct. 29, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/10/yahoo-ceo-buys-nearby-funeral-home-to-prevent-development.html

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