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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