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California’s Largest Corporation is Headed for the Exit (Golden State Death Watch™}
Front Page ^ | 12/25/2012 | Daniel Greenfield

Posted on 12/25/2012 2:02:32 PM PST by Kolath

Chevron is California’s largest corporation, but it seems to be making the move to becoming Texas’ largest corporation instead. That’s 800 jobs out the door which gives Chevron a larger presence in Texas than it still has in California.

(Excerpt) Read more at frontpagemag.com ...


TOPICS: Business/Economy; Front Page News; US: California; US: Texas
KEYWORDS: bluestates; california; chevron; exodus; oil; texas
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To: Kolath

The Starship California continued its death dive into the black hole! Escape pods launched into the vast stellar expanse towards safer locales, despite Captain Brown's, insistence that diverting all power to forward thrusters would pull the craft away from destruction.


21 posted on 12/25/2012 2:47:38 PM PST by COBOL2Java (kak-is-toc-ra-cy: Government by the least qualified or most unprincipled citizens. See: GOP-e)
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To: Jonty30

According to Rick Snyder, the MEDC (Michigan economic development Corp.) has seen a significant uptick in inquiries over the past week since the passage of RTW, considerable relaxation of regulations and tax cuts.

He said its too early to name names but there is considerable interest.


22 posted on 12/25/2012 2:55:15 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Drango

California killed the goose that was laying the golden eggs.
+++++++++++++++++++++++

Killed, eaten, and now demanding that you fork over your golden eggs.


23 posted on 12/25/2012 2:59:35 PM PST by Kolath
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To: Jonty30

The only companies that can’t leave California are produce companies, because that’s where the growing is. Beyond that, I think this is only the beginning.


24 posted on 12/25/2012 3:00:29 PM PST by Baynative
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To: Kolath

These are top tier companies within their respective industries, moving away.

Usually not all at once.

It took Fluor Corp. about 20 years to migrate out of California. It was headquartered in California since its founding at the start of the 20th century, and it became one of the largest international engineering companies in the world.

Southern California also housed its largest operating division, followed by Houston, in size.

Starting in the 1980s customers called for work to be done in Texas, to save costs, in the largely cost-plus mode of business.

By the early 2000s most employment had shifted to Texas, finalized by moving the corporation’s headquarters to Irving TX, a Dallas suburb.

Fluor and Bechtel (San Francisco) frequentlycompete for #1 in the world, measured by Engineering News Record, an industry magazine.

https://enr.construction.com/toplists/DesignBuild/001-100.asp

The pattern repeats, concerning Real Estate Title Insurers.

First American is the nation’s largest. Fidelity is 2nd.

A few years ago Fidelity moved corporate Hq. from Santa Barbara CA, to Jacksonville FL.

Northrup-Grumann is one of the largest Defense contractors, and they recently moved Corp. Hq. from SoCal to a Wash. DC subrb.

California lawmakers can’t be oblivious to these facts.

Once gone, the Corporate taxes and employee taxes paid in California go away permanently.

California once had weather, lifestyle and growing economy to attract businesses and employees.

Now just weather. If you plan to be a young adult without a good job, it is still a fun place for you, your skateboard, etc.


25 posted on 12/25/2012 3:02:34 PM PST by truth_seeker
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To: Kolath

So bye-bye, Miss American Pie.
Drove my chevron to the levee,
But the levee was dry


26 posted on 12/25/2012 3:03:34 PM PST by bunkerhill7 (Go east??)
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To: Kolath

Sad to see this happening to what was once the best spot in the lower 48 (and my birthplace), but it is what it is.

Hopefully one day after California hits rock bottom, the citizens there will begin demanding more conservative governance. Until then, the exodus will continue.

27 posted on 12/25/2012 3:07:32 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Kolath

Can’t fix stupid and apparantly can’t vote it out either. The termites will literally have to destroy the edifice and come crashing down. Disgusted with the whole lot of them and yet they multiply. Help us O God.


28 posted on 12/25/2012 3:11:25 PM PST by tflabo (Truth or Tyranny)
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To: The Working Man
It’s too bad that so many of the “commoners” can’t do the same because they are tied down by mortgages, jobs or family ties.

When I left California seven years ago, I left behind the place of my birth, my entire immediate and extended family, and every friend I'd ever known. I sold our house, shut down our very successful business, and moved everything to Texas.

Yes, it took courage, but given the future my kids were facing in California, I did it without losing a minute of sleep. Anyone can leave the state if they've got a strong enough purpose to do so.

29 posted on 12/25/2012 3:13:42 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: truth_seeker
"California lawmakers can’t be oblivious to these facts."

I wouldn't bet good money on that.

30 posted on 12/25/2012 3:24:00 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Kolath

Dallas/Ft. Worth or Houston?


31 posted on 12/25/2012 3:38:12 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: The Working Man

You can buy two or three nice houses in Texas for what your home in California costs. And Texas is one of the few places that still has jobs and an economy.

http://www.indeed.com/jobs?q=&l=76208


32 posted on 12/25/2012 3:45:06 PM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: Tea Party Terrorist
Directive 10-289.

Don't give nObama or his team of minions, hangers-on and disciples any ideas! I doubt even John Galt could extricate us from the crap sandwich that Washington will be force-feeding us next year.

33 posted on 12/25/2012 3:48:36 PM PST by ssaftler (This tagline on vacation until 1/2/13.)
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To: Kolath

My first reaction was that this move would be a boon to Texas’ economy but on second thought I also realize that this also means 800 more liberals to screw up the vote next time around.

There are already many cars cruising around in Houston with foreign license plates that say ‘Land of Lincoln’, ‘The Garden State’ and ‘The Golden State’, etc.

Pretty soon Texas will become just like the states that these folks are trying to escape.


34 posted on 12/25/2012 3:54:36 PM PST by 353FMG
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To: Huskrrrr

Agree. Exit taxes are coming to the thug, socialist states.


35 posted on 12/25/2012 4:05:13 PM PST by tennmountainman
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To: 353FMG
Pretty soon Texas will become just like the states that these folks are trying to escape.

Happened to New Hampshire, almost overnight.

36 posted on 12/25/2012 4:05:47 PM PST by LurkingSince1943 (Former War Criminal)
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To: Baynative

While the illegals are sneaking into CA,
Legals will sneaking out, to avoid the coming Exit Taxes.


37 posted on 12/25/2012 4:07:44 PM PST by tennmountainman
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To: Kolath

Welcome....but leave your looney Leftist ideas at the border. We like Texas the way it is. If you don’t, move to one of the sink-hole states that have more government jobs than private sector jobs.


38 posted on 12/25/2012 4:09:46 PM PST by txrefugee
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To: 2ndDivisionVet

“You can buy two or three nice houses in Texas for what your home in California costs. And Texas is one of the few places that still has jobs and an economy.”

Yep I moved away 7 years ago and took my house windfall and bought nice home in downtown Houston, a lake house on a acre with boathouse, a 85 acre ranch and a marina.

Cheap cheap here and land now is the #1investment


39 posted on 12/25/2012 4:11:23 PM PST by bestintxas (Anyone who votes for Obama after these 4 miserable years needs to take a mandatory citizenship test.)
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To: Kolath

Gone to Texas


40 posted on 12/25/2012 4:26:48 PM PST by Redmen4ever
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