Thread: Carly Fiorina is a Job Killer

ORANGE COUNTY REGISTER


An Irvine business relocation specialist has come up with a list of 100 California companies that have expanded elsewhere or pulled up stakes entirely in this decade.

Almost a fourth of the companies have — or should I say “hadâ€

Fortune 500’s Flee California
By Michelle Steel

California State Board of Equalization Member and former small business owner
Wed, January 6th, 2010

California has been afflicted by the curse of the runaway corporation for sometime now. With the announcement on Monday that aerospace giant, Northrop Grumman Corp., will be moving its headquarters from Los Angeles to Washington D.C., we lose the last major aerospace firm in the state.

Northrop, California's 3rd largest Fortune 500 Company, is the most recent departure in a long list of top companies to leave the state. As reported in the Los Angeles Times, Northrop's relocation means only 19 Fortune 500's remain in California, when in 2006 there were 23. Though the company will still be one of the state's largest private employers, the loss is a blow to California, the birthplace of the aerospace industry.

Northrop's CEO, Wes Bush, says the company is moving its headquarters to be closer to its biggest client: the U.S. Government. But the move makes a bigger impact when we look at other industries that have been fleeing California. Hilton Hotels Corp. recently relocated to Fairfax, Virginia, to lower its cost of doing business. EBay, the online auction website with deep roots in San Jose, recently announced it will be creating 450 new jobs at a $334 million complex in Utah, in return for $30 million in tax breaks from the state. And there's much more....

CalPortland Cement, a 118 year old company that once gave us the cement to build our first freeways, announced recently that it's closing down its Riverside County plant because of new environmental regulations from AB 32. CalPortland's CEO, Jim Repman, recently told the State Senate Labor and Industrial Relations Committee "A cement plant cannot be picked up and moved, but the next new plant probably won't be built in California - meaning better, high paying manufacturing jobs will be lost to Nevada or China or somewhere."

Just yesterday, the Los Angeles City Council took its first step toward creating a new Film Commission, to prevent television and movie production from leaving the city. Production of feature films in Los Angeles - the home of the film industry - last year was about half of its 1996 peak. Production companies, like other businesses get tax breaks in other states that aren't available in California.

But, we can't blame runaway production, or runaway corporations, on the treats being offered by other states: we have to look at what our own business environment has become. Capitol Weekly is reporting that Governor Schwarzenegger plans to extend last February's tax increases, and to stall corporate tax credits in his new budget; he will call for an emergency session to see that it is done quickly. All the while, over 3,000 Californians leave the state every week.

This may be a wild assumption, but if everyone is running away from California, then maybe California is the problem.

BUSINESS FLEE CALIFORNIA

Originally Posted by Skip

BOXER, FEINSTEIN, PELOSI, AND REID HAVE TO GO................................................ ................................

Companies Fleeing California

But do not make the mistake that this just started happening. This exodus has been going on for a decade:

There has been a steady flow of businesses out of California for the better part of a decade. As California’s political morass worsens, as its budget woes increase, and as her politicians are proven incapable of making the hard budgetary decisions to take power from unions and chop unnecessarily lavish social programs, the state’s jobs are bleeding out. California is an a freefall the end of which is still unseen.

Want to see a list of companies? Sit down…this is ugly:

Abraxis Health, Adobr Systems, Inc. Alza Corp., American AVK, American Racing, Apple Computer Audix Corporation, Apria Healthcare Group, Assurant Inc., Barefoot Motors Bazz Houston Co., Beckman Coulter, Bild Industries Inc., Bill Miller Engineering, Ltd. BMC Select , BPI Labs, Buck Knives, CalPortland Cement California Casualty Group, CalStar Products Inc., Checks To-Go, Chivaroli & Associates CoreSite, A Carlyle Company, Creel Printing , Dassault Falcon DaVita Inc. , Denny’s Corp., Digital Domain, Ditech DuPont Fabros Technology, ebay, Inc., EDMO Distributors, Inc. Edwards Lifesciences, Electronic Arts, Inc., EMRISE Corp., Facebook FallLine Corporation, Fidelity National Financial, First American Corp., Fluor Corp. Foxconn Electronics, Fuel System Solutions, Gregg Industries, Hewlett-Packard Hilton Hotels Corp., Hino Motor Manufacturing USA, Intel Corporation, Intuit of Mountain View J.C. Penney , Kimmie Candy Co., Klaussner Home Furnishings, Knight Protective Industries Kulicke & Soffa Industries Inc., LCF Enterprises, Lennox Hearth Products Inc., Lyn-Tron, Inc. Mariah Power, Maxwell America, Miasolé, MotorVac Technologies Nissan North America, Northrop Grumman, One2Believe, Patmont Motor Werks, Inc. Paragon Relocation Resources, Pixel Magic, Plastic Model Engineering, Inc. Precor, Premier Inc., Pro Cal of South Gate, Race Track Chaplaincy of Amer., Red Truck Fire & Safety Co. SAIC, Scale Computing, Schott Solar Inc., SimpleTech Smiley Industries, Solaicx, SolarWorld, Special Devices Inc. StarKist , Stasis Engineering, Stata Corp., Tapmatic Teledesic, Telmar Network Technology Inc., Terremark, Terumo Cardiovascular Systems Toyota, True Games Interactive Inc., TTM Technologies, Understand.com US Press shifted, USAA Insurance, Yahoo. And many more

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