Andreessen: Does company HQ in CA violate fiduciary duty?

Andreessen: Does company HQ in CA violate fiduciary duty?

AndreessenYou 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?

11 comments

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  1. ExPFCWintergreen
    ExPFCWintergreen 31 March, 2014, 11:55

    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

    Reply this comment
  2. Ted Steele, CEO
    Ted Steele, CEO 31 March, 2014, 20:10

    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.

    Reply this comment
    • Rex the Wonder Dog!
      Rex the Wonder Dog! 31 March, 2014, 21:23

      LOL…teddy the trougher speaks in tongue 🙂

      Reply this comment
      • Bill Gore
        Bill Gore 31 March, 2014, 21:55

        ‘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)

        Reply this comment
    • Donkey
      Donkey 1 April, 2014, 07:09

      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. 🙂

      Reply this comment
  3. S Moderation Douglas
    S Moderation Douglas 31 March, 2014, 21:54

    That’s funny. Tell some of the most successful companies in the world they don’t know how to run their business.

    Reply this comment
    • John Seiler
      John Seiler Author 1 April, 2014, 06:58

      But the hedge funds own a lot of stock in these companies, and help direct them.

      Reply this comment
    • Donkey
      Donkey 1 April, 2014, 08:47

      The typical mindset of a RAGWUS feeder: like the taxpayer, the shareholder should should just shut up and pay! 🙂

      Reply this comment
  4. Ulysses Uhaul
    Ulysses Uhaul 31 March, 2014, 23:02

    Teddy is the fair and balanced poster on CWD. His levity is refreshing not sour and rank like Donkey!

    Reply this comment
    • Donkey
      Donkey 1 April, 2014, 07:17

      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.” 🙂

      Reply this comment

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