Andreessen: Does company HQ in CA violate fiduciary duty?
You might remember Marc Andreessen. He co-authored Mosaic, the first decent Web browser, which I remember using when I got on the Net back in 1994. It became Netscape, which became Firefox.
He’s still a big tech investor. He just tweeted:
“Heard on the street: Hedge funds considering suing California tech companies for being in California. So expensive=violating fiduciary duty.”
Good point. By moving to Texas, Washington State, Nevada, etc., they avoid state income and capital gains taxes, and numerous high corporate and other taxes.
Will Google, Apple, Intel, Facebook and Twitter itself be forced by hedge funds to move to Austin and Seattle?
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I have been saying this for many years, although I have been thinking that a shareholder’s derivative lawsuit would be the place to bring the action – opening the door to additional plaintiffs
I like it ExPFCWintergreen!! 🙂
PFC Winter G– The CWD Duncey “likes” your post— bad luck son— he aint the sharpest tool in the shed. He wanted to be a lawyer but had a dismal LSAT– the rest is history.
LOL…teddy the trougher speaks in tongue 🙂
‘Lil teddy bear pony tail likes to insult everyone’s intelligence for even looking at this website,
yet he looks at it every day!
Intelligence is like money: those who know how much they’re worth, ain’t worth much… (apologies to Warren Buffet)
The Donk would never shoot a teenage girl in the middle of a park TCS, and that is the major difference between you and I, As far as intelligence goes, you back and belong to a corrupt system of government (the RAGWUS), full of liars and thieves, the RAGWUS is who you are, few twists in life are as disgusting. 🙂
That’s funny. Tell some of the most successful companies in the world they don’t know how to run their business.
But the hedge funds own a lot of stock in these companies, and help direct them.
The typical mindset of a RAGWUS feeder: like the taxpayer, the shareholder should should just shut up and pay! 🙂
Teddy is the fair and balanced poster on CWD. His levity is refreshing not sour and rank like Donkey!
Every time I read one of your posts UU, a vision of Eeyore pops into my mind saying: “No Give and Take. No Exchange of Thought. It gets you nowhere, particularly if the other person’s tail is only just in sight for the second half of the conversation.” 🙂