Nestle Joins Thousands Of Companies Leaving California Over Anti-Capitalist Lawmakers and Activists
If Illinois raises TAXES (revenue) I can see more Companies leaving. Madigan is a Jackass for blocking Rauner's reform. It's all Madigan and his union buddies
Nestle The Latest Major Company To Leave California
According to an article from Investor’s Business Daily, Nestle is leaving the state of California and moving to Virginia to get away from the liberal state. Nestle’s headquarters is moving from Glendale, California which is near Los Angeles to Rosslyn, Virginia which is near Washington D.C.
Sticking to it’s ignorant true-self, an official from Glendale, California said that Nestles departure was “no big deal,” and was actually an opportunity for them as the company moves thousands of jobs away from the area.
Nestle USA is moving its headquarters from Glendale, Calif., a pocket suburb just miles from downtown Los Angeles, to Rosslyn, Va., near Washington, D.C., and taking 1,200 California jobs with it. Why? As many companies have found, California is an awful place to do business.
The $26-billion-a-year food conglomerate is discreet, of course, about its reasons, citing a desire to be closer to its core customers and other bland corporate pabulum. But the fact is, Nestle and its corporate brethren in California that actually make things are overtaxed and overregulated, and elected officials treat them not as honored members of the community but as rapacious pirates…
…Still, you may wonder, why did Nestle really go?
Well, apart from having higher taxes, absurd housing costs and more regulations than nearly any other state, California’s wacky laws have turned the Golden State into a venue of choice for activist groups to file costly class action lawsuits — or to launch anti-corporate PR campaigns against big, wealthy targets like Nestle.
Nestle is far from the first major company to leave California over the state’s increasingly liberal policies. According to a report released last year by Spectrum Location Solutions, Nestle joins a list of 1,680+ companies to leave the state since 2008.