California Business Exodus Now Triple Last Year’s Rate
In executive coaching, there is a saying: "The problem you define is
the one you solve." Based on what I’ve seen, California is in serious
trouble because many people refuse to admit to one of our big problems
– the flight of businesses, capital and jobs to other states and
nations.
Good information about the phenomena is hard to come by. Hence, out of
frustration, a year ago I began compiling a list of what I call
"California Disinvestment Events."
The new compilation shows that 144 companies have fully or partially
engaged in such events during the first three quarters of 2010, nearly
triple the 51 companies discovered for all last year. You can see the
list of companies that disinvest along with explanatory context here.
Joseph Vranich
September 21, 2010