21–30 of 185 posts
I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
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Not surprising, and I expect more of this in the decade to come. It feels like we’re finally seeing companies begin to draw lines in the sand on where their interests actually lay: power (which Texas grants in spades), profit (which Delaware has historically protected), or values (in which case they would incorporate/move to a place that aligns with said values - of which vanishingly few companies do). If anything, i…
Which values exactly are being expressed by being incorporated in, say, California?
I can totally see how companies that chafe at the requirements imposed on them by some of these high-government states would choose to leave so they can avoid filling said requirements, but what would a board meeting look like for a company that prides itself on values where they decide on CA?
"We really want to pay more taxes" doesn't seem likely—why not just allocate funds to a charity of your choice? "We need the government to tell us to treat our employees well" also seems unlikely—why not just do the right thing in any state?
What is the rational values-based reason for incorporating in CA? ("Sticking it to DE" isn't rational.)
I can't imagine what it's like at Meta right now, with the CEO publicly stating that they're firing the bottom 5% of performers and then a week later stating that the LLMs that his researchers / engineers are working on will soon be able to replace them. Zuck needs Yann LeCun and other senior researchers at Meta a lot more than they need him. If they were to quit there would be a line out the door to hand them as muc…
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A lot of SV companies keep moving or talking about moving to Texas but is Texas really that billionaire friendly? Reuters says it is "perceived by some.." but is it?
It's more about the business environment. California has, sadly, gotten increasingly punitive on business activity beyond the remit of what one would consider "standard". Such as legally mandating the sexual, ethnic, and gender composition of boards (e.g. SB 826 and AB 979), conditioning permits on companies committing to community benefit agreements that go beyond the direct impacts of the business (e.g. funding art…
Source WSJ article: https://www.wsj.com/tech/meta-incorporation-texas-delware-f0... > Last year, Delaware’s legislature made it easier for big shareholders to use stockholder agreements to assume powers normally held by a company’s board. The Delaware Chancery Court also ruled in Meta’s favor in April, dismissing a case that argued the company had to consider societal impacts in addition to chasing profits. I wonder…
Earlier quoted context omitted.
Texas allows SpaceX to illegally disrupt 5 endangered wildlife reserves, ignore rocket launch regulations, and illegally block roads, so perhaps that is some of the appeal. Last year the Texas government decided they can do basically whatever they feel like without any checks to their authority in other regards, so if Greg Abbott is personally telling billionaires he will protect their interests, I honestly believe h…
What do you mean by "illegally"? If the government allows SpaceX to block roads, then... SpaceX blocking roads is legal. What other definition of "legal road closure" is there?
Usually "legal" means "following the laws", not "someone high up told me it was cool".
Not surprising, and I expect more of this in the decade to come. It feels like we’re finally seeing companies begin to draw lines in the sand on where their interests actually lay: power (which Texas grants in spades), profit (which Delaware has historically protected), or values (in which case they would incorporate/move to a place that aligns with said values - of which vanishingly few companies do). If anything, i…
Earlier quoted context omitted.
Texas allows SpaceX to illegally disrupt 5 endangered wildlife reserves, ignore rocket launch regulations, and illegally block roads, so perhaps that is some of the appeal. Last year the Texas government decided they can do basically whatever they feel like without any checks to their authority in other regards, so if Greg Abbott is personally telling billionaires he will protect their interests, I honestly believe h…
What do you mean by "illegally"? If the government allows SpaceX to block roads, then... SpaceX blocking roads is legal. What other definition of "legal road closure" is there?
Earlier quoted context omitted.
What do you mean by "illegally"? If the government allows SpaceX to block roads, then... SpaceX blocking roads is legal. What other definition of "legal road closure" is there?
There are limits to when and for how long you are allowed to close roads for specific purposes, just as there are limits to when and where you can launch rockets of specific sizes. SpaceX ignored the rules, and nobody enforces them despite the protests from residents of Boca Chica. Obviously the Texas government agrees with you that the law is whatever they choose to enforce, but there are still written rules.
Seems like there is a multi-industry push to move into Texas; came across a video the other day of Matthew McConaughey & Woody Harrelson (and other big name actors) reprising their True Detective role calling for the Texas legislature to increase incentives that bring Hollywood productions over to Texas. [1] https://www.rollingstone.com/tv-movies/tv-movie-news/matthew... [2] https://variety.com/2025/tv/news/matthew-m…