Another business bails from the PRC

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That would be the People's Republic of California - a real worker's paradise. From retired journalist Don Surber:

Schwab Inc. leaving SF for Texas
Pooping in the street has consequences.

In announcing it will acquire TD Ameritrade, Charles Schwab and Co. Inc. announced it will move its headquarters from San Francisco to Dallas/Fort Worth.

The San Francisco business reaction:

The San Francisco Chronicle reported, "Charles Schwab has been headquartered in San Francisco since its founding in 1971, while TD Ameritrade is based in Omaha, Neb.

"'We’re deeply disappointed about it,' said Jay Cheng, public policy director at the San Francisco Chamber of Commerce. 'We probably will lose significant taxes.'"

Wow has the Chamber of Commerce changed.

It is more worried about the government collecting taxes than companies making money.

Create a business-friendly environment and stand back. Corporations will move there. I really wonder if Boeing is regretting moving from Seattle to Chicago - frying pan/fire. Wonder if they will move to Texas as well...

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This page contains a single entry by DaveH published on November 25, 2019 7:13 PM.

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