Calling it “the right thing to do,” Lake Tahoe’s legendary Squaw Valley ski resort on Monday announced it is dropping the “derogatory” name it’s held since 1949 in favor of a new one: Palisades Tahoe.Calling it “the right thing to do,” Lake Tahoe’s legendary Squaw Valley ski resort on Monday announced it is dropping the “derogatory” name it’s held since 1949 in favor of a new one: Palisades Tahoe.