U.S. CEOs again call California most hostile to business
It’s a May tradition: Chief Executive magazine announces its best and worst states when it comes to receptivity to business. And in what’s also a May tradition, California is found to be the worst.
That’s 10 years in a row — a decade of dominance.
Over that same period, California saw its unemployment rate go from mirroring the national rate to having consistently among the highest rates. The Golden State is now second worst in the nation when it comes to the percentage of adults who want to work full time but can’t find such jobs.
Yet I still meet people all the time who say that California’s hostility to business is exaggerated. These same people straight-facedly argue that forcing businesses to do things like increase pay and benefits is actually in those businesses’ best interests.
Yes, this is very much an example of why California is last on the CEOs’ list.
My thanks to Joe Vranich for the tip.
28 comments
Write a commentRelated Articles
Groundwater takeover would prove costly
In 2010, I did some freelance work for Susan Trager, one of California’s top water lawyers. Unfortunately she died in
Proposed pension reform in budget
Katy Grimes: Late Friday, legislative leaders, looking haggard, announced that they had come to an “agreement” on the budget. Details
CA property tax revenue surges despite Prop. 13
Proposition 13 — the 1978 ballot measure setting property taxes at 1 percent of assessed value and limiting annual increases
Another great travel article.
Always consider us for your Packing and Shipping needs!
Doo-doo-doo-doo-doo-doo, doo-doo-doo, the response from a typical RAGWUS feeding troll!! It will be a sight watching the RAGWUS feeders wail when the reckoning begins. 🙂
Pity. Sick minds gravitate toward negatism in media articles authored by goose stepping right wing fanatics!
Ahaul, a left wing zealot!! 🙂
LOL Well said U Haul!
Slurp, the TCS peep show!! 🙂
I think Duncey is “projecting” yet again…. Zzzzzzzzzzzzzzzzzzzzzz
Better get your knee replacements before they take your insurance from you TCS. 🙂
LOL— U still beating the anti Pres Obama drum? LOL
Obama Care is doing well little buddy– you’ll get your knee replacements!
Oh MY !!! This is easy…
Two ahauls
Who gives a crap what CEO’s think!!!!!
LOL— Chief Executive Magazine!
Interesting how the blurb at the top suggests “all CEO’s” when it’s nothing more than a magazine article.
I know, lmao at “Chief Executive Magazine” !!!!!! Where they read about how great they are and how they deserve the 800% pay gaps above everyone else. How to dodge safety regulations and oppress workers among the articles.
Sounds just like the local RAGWUS union meeting Ntheoc. How is Moe doing Ntheoc? Have they found that murderer yet? 🙂
Haven’t read anything about them finding that pos! I hope they get him soon and put him down!
Who invited Ahaul number 3?
Who invited Ahaul number 3?
———————–
Your mama!
Look at the poster boy hog David Novak who they put on the cover of that rag magazine! For well over a decade, David Novak has led YUM! Brands, the not-so-aptly named parent company of such junk-food chains as Kentucky Fried Chicken, Taco Bell, Pizza Hut, A&W Restaurants, and Long John Silver’s, as its CEO. During that time the multi-billion-dollar company has expanded its global franchising power deep into China while hugely multiplying its profits – all at the expense of its minimum-wage workforce as well as consumers, farmers, and taxpayers.He hasn’t done badly either, with total earnings in 2011 and 2012 of $94 million, reflecting “performance pay” in equity that helps to avoid a hefty share of income tax that the rest of us must subsidize. (According to a new report from the Institute for Policy Studies, the CEOs of the top six publicly held fast-food chains took home over $183 million in such deductible compensation, reducing their companies’ tax payments by an estimated $64 million.) Glomming tax subsidies for executive compensation isn’t the only way that Novak’s company feeds at the public trough. Its low wage, minimal-benefit employment structure is subsidized by food stamps and Medicaid. And with remarkable ingenuity, its executives have sought access to the food stamp program, which was designed to provide healthy nutrition. Not satisfied with YUM!’s massive, ongoing contribution to America’s obesity and diabetes pandemics, the company’s lobbyists have sought to persuade officials in several states to let low-income families use food stamps at Taco Bell and KFC.
Meanwhile, Novak spends millions on Washington lobbyists, politicians, and trade associations to ensure that minimum wages remain low and labor unions gain no foothold in all those thousands of greasy outlets!!!!!!!!!!
If my double cheese goes up in price, because of a union, I am going to kick ya a$$. Ahaul 3. Prison Justice. I got 10 1/2 inch hands.
You would love some prison justices huh leotis? Since it sounds like you enjoy being raped by the corporate pigs who enslave you!!!
It’s far more likely that the only thing you’ve got that’s 10 1/2 inches is your inseam, or possibly the circumference of your pointy head.
Eat a whole bunch of those double cheeseburgers, Leotis. They’re really good for your heart….
Frankly, reading these articles is a total bore.
Misinformation trumped up by Bagdad Bob-types abounds to over stimulate those who have not evolved to cope with modern life.
Over and over the same drivel…..can’t you see it already….your head could explode.
I just glanced at the comments here. Amazing. Nothing but troll insults in response. Not even ONE comment attempting to deal with the conclusion about California’s hostile business climate — a fact that has been validated over and over.
Even if it somehow were NOT true, the PERCEPTION that CA is a business hellhole deters evil corporations from moving to CA (except retail outlets). Shucks, reading the hostility here to CEO’s, it seems some are HAPPY with CA’s well earned anti-business reputation.
Obviously these lefties are helpless to change this perception. Dismissing any such critique as untrue or a biased source is NOT a refutation.
Settle down Dick– this is all in fun— long history– actually there are a few substantive comments buried in among the doomer-troll rants– ya have to find the nuggets—
Here’s one–
Calif isn’t all that unfriendly to biz just very friendly to consumers– we like it that way here. I suppose you could go down the garden path on tort reform ™ but what’s the point? Aint gonna happen til the baggers own both houses and the White House– so– don’t hold yer breath little buddy!
Try to buck up out here– we all love you man– you are doing a ssuper duper job with your posts!
How seriously should we take a magazine article, purportedly based upon the confidential responses of “500 CEO’s across the nation,” when the publisher won’t divulge the true sample size, sample questions, response rate, or respondent location? The respondents could well have all been “CEO’s” somewhere outside of California who really have little or no knowledge about the state.
Ever been to Texas, Richard? Nothing says “freedom!” like having a metal plating operation and petrochemical factory next door to your house or your kid’s school. No wonder you libertarians think it’s some kind of paradise.
There’s a MAJOR typo in the article. It says “It [California] is a state that continues high personal income tax rates and regulates with a very heavy hand. Its top, marginal tax rate of 33 percent is the third-highest tax rate in the industrialized world, behind only Denmark and France.”
But I think they meant that the correct top California personal income tax rate (federal plus state income tax) is 53% — NOT 33%. Arguably it’s higher.
I’ve written the company to see if the article can be corrected online. Sadly, there’s been no response.
Richard…..why respond intellectually to Karl Rove and Dick Morris style propaganda…..the poltical feeders on Flash Report have posioned the minds of the many Adelanto based doomers on CWD.
It is pathetic so many unhappy posters pour their vitriol on us….the fair and balanced happy posters.