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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#311

Post by selimthegrim »

jeffbee wrote: post #158
danishdev wrote: post #28

Why is it so hard to realize that people want low taxes and light regulation? And that woke culture with it's free speech curtailment are a kind of 1984 environment where someone is watching your words constantly. California and NYC were great great states, and after decades of democrat governments, companies decide to move thousands of kilometers so they can leave these states in favor of Republican states. There's…

Ree-hee-hee-ally? California is far and away the #1 destination of educated and wealthy domestic migrants, especially from "red states", by which I assume you mean states that habitually vote for Republicans. Pick any MAGA-infested den of ignorance that you prefer, and the story is the same. I choose Sioux Falls, SD, which has an overall negative net domestic migration that is extremely negative among people with som…

New Orleans checks all your positive boxes and Louisiana still has the migration pattern you attribute to SD.

Re: Oracle Moving HQ to Austin

#312

Post by rayiner »

kevin_thibedeau wrote: post #246
rayiner wrote: post #143

Earlier quoted context omitted.

Gerrymandering makes districts extremely sensitive to population changes. The country was heavily gerrymandered by Democrats until the 1990s, and Republicans managed to flip it around within the decade: https://upload.wikimedia.org/wikipedia/commons/thumb/e/e6/Po... The chart shows the House popular vote compared to the number of House seats. When Biden entered Congress, Democrats were winning 10 percentage points mo…

The Republican party was the party of the "wealthy elite" back then. They rebranded themselves as the standard bearer of Christian values to boost their voter base. Now their base is so hooked on this tribal identity they will vote for candidates whose behavior is antithetical to the stated party platform.

The Republican Party has been a fusion of business elite and evangelical Christians since its inception. The two groups not only broadly overlapped, see https://en.wikipedia.org/wiki/Quakers, but both had adverse interests to the slaveholding south. The religious segment opposed slavery, and the business segment favored economic policies favorable to manufacturing industry (e.g. a strong currency, tariffs, and infrastructure) versus the weak currency and low tariffs favored by the agricultural south.

The strength of each faction waxes and wanes depending on what’s dividing the electorate. During the mid-20th century, both parties embraced “Christian values” (https://content.gallup.com/origin/gallupinc/GallupSpaces/Pro...) so economic issues dominated. Since Clinton, the parties are generally both on board with neo-liberalism, so religious and social issues dominate.

Re: Oracle Moving HQ to Austin

#313

Post by muzz »

briandear wrote: post #298
nemo44x wrote: post #201

Earlier quoted context omitted.

Me too. In my opinion the Bay Area has nearly nothing going for it except the abundance of high paying jobs and all the effects of that line networking, visibility to early stage investors, etc. The weather is nice. Which is a lot. A whole lot. But if it becomes apparent you don’t need to be there to start a technology company (or rather there aren’t as many advantages) or to reliably find the best jobs due to the op…

> The weather is nice. Which is a lot. A whole lot. Except when the annual wildfires make the air unbreathable for days or weeks at a time.

This was not a regular occurrence before 2017. Climate change is coming at us fast.

Re: Oracle Moving HQ to Austin

#314

Post by imajoredinecon »

muzz wrote: post #263
dragonwriter wrote: post #86

Earlier quoted context omitted.

Drawing experienced personnel from established firms has, as I understand it, long been a big driver for startups in the region. While some established firms leaving isn’t a problem, if it becomes too common, its a problem for entrepreneurship. OTOH, a few established firms with large campuses leaving also means a lot of space without the usual problems involved available for other established firms that get into lot…

Haven't heard of many startups founded by ex-Oracle employees (ex-Google, ex-Facebook is a different story). I doubt this will improve when Oracle moves.

Snowflake ($120bn)

I interned on their SQL engine team and maybe half of the long-time employees were ex-Oracle, including two of the three co-founders (Thierry and Benoit).

Re: Oracle Moving HQ to Austin

#315

Post by muzz »

lscotte wrote: post #202
TimTheTinker wrote: post #138

Earlier quoted context omitted.

AFAIK, WFH employees have CA tax obligations when the company HQ is in CA, even if they’re working from other states. So all non-CA employees have less of a tax burden as a result of the HQ relocation.

This is not correct. I work for a CA based company. I work from home in a different state which is my legal residence. I do not file or pay CA taxes.

How do you get health insurance? Does your company have an office in your state? If not, do they give you Californi-based coverage, with most providers being out-of-network?

Re: Oracle Moving HQ to Austin

#316

Post by muzz »

imajoredinecon wrote: post #314
muzz wrote: post #263

Earlier quoted context omitted.

Haven't heard of many startups founded by ex-Oracle employees (ex-Google, ex-Facebook is a different story). I doubt this will improve when Oracle moves.

Snowflake ($120bn) I interned on their SQL engine team and maybe half of the long-time employees were ex-Oracle, including two of the three co-founders (Thierry and Benoit).

Ah I forgot about that database in the cloud

Re: Oracle Moving HQ to Austin

#317

Post by PaulDavisThe1st »

jeffbee wrote: post #273
PaulDavisThe1st wrote: post #174

Earlier quoted context omitted.

I remember in the mid-90s, living in Seattle just as one wave of "californication" was drawing to a close and just before the tech boom would start an even crazier rise in housing costs there .... listening to some local talk radio show. A caller was complaining about Californians coming to WA/Seattle and doing just what you describe. The radio host said "well, it takes two to tango, those prices going up reflect the…

Doesn't seem like mid-90s property appreciation in Seattle could have been pinned on Californians anyway. Wouldn't it have been more related to Microsoft, a gigantic and extremely successful company with an in-house Porsche dealership among other perks? I see a similar defective thought process right here in Berkeley, CA. Everyone here blames housing demand on peninsula companies like Facebook, Apple, and Google but…

Microsoft in the mid-90s didn't seem like it was having much impact on Seattle itself. If there was a staffing explosion, it just wasn't evident in town. Redmond and the rest of the 405 corridor? Yeah, maybe. But not so much Seattle itself.

By contrast, the "Californication" period (say, 87-94) and the tech boom actually took place in the city itself. Keep in mind that in the 87-94 period, Boeing and UW were still the two largest employers in Puget Sound. Companies like Microsoft were "good" for the economy, but they weren't quite the behemoths that they became as the tech boom happened (and, coincidentally, as I left :)

Re: Oracle Moving HQ to Austin

#318

Post by femtoparsec »

beagle3 wrote: post #42

Likely irrelevant, but reminded me of this[0]: """Basically, we’re moving because of William Whyte‘s rule: virtually all corporate relocations involve a move to a location which is closer to the CEO’s home than the old location. Whyte discovered this principle after an extensive study of Fortune 500 companies that left New York City for the suburbs in the 1950s and 1960s""" Tesla will likely move its HQ to Texas foll…

Don't forget that often (but certainly not always) CEOs will look ahead and try to get a feel for which locations may be a good fit both for their personal and company affairs. Usually due to taxation, regulatory, hiring, cultural, cost of living and a range of other realities. They may make the move themselves ahead of their company's move making it seem like the company later moved merely because of the CEO's new location, but they'd already made the decision that the company move would follow as the sensible thing.

Re: Oracle Moving HQ to Austin

#319

Post by Lammy »

vincentmarle wrote: post #247
beagle3 wrote: post #42

Likely irrelevant, but reminded me of this[0]: """Basically, we’re moving because of William Whyte‘s rule: virtually all corporate relocations involve a move to a location which is closer to the CEO’s home than the old location. Whyte discovered this principle after an extensive study of Fortune 500 companies that left New York City for the suburbs in the 1950s and 1960s""" Tesla will likely move its HQ to Texas foll…

Same with the Amazon "HQ2" relocation, all of the options that were considered happened to be places where Jeff Bezos owns a home.

Damn I’d just like to own one lol

Re: Oracle Moving HQ to Austin

#320

Post by jackconsidine »

redelbee wrote: post #114
orliesaurus wrote: post #23

I live in Austin, Oracle has a huge campus here that looks as big as an airport building with terminals/gates and all the trimmings. It's a beautiful building that gentrified the whole area, for better or worse. I ate there a couple of times, it's nice inside too! I love biking/walking around the Oracle campus area because they made a bike path and the area is safer than it was before. That being said, I know a coupl…

>I love biking/walking around the Oracle campus area because they made a bike path and the area is safer than it was before. That general area of the Town Lake trail was always my starting point for runs. My favorite “section” was definitely the trail on either side of the dam. I would park in the lot across the lake from the now Oracle campus and start most of my runs there. I ran thousands of miles with that as my…

Wow, just seeing this thread now. Ran on Townlake 4x a week for 2 years. I also love the dam section! My personal favorite is the boardwalk in near Oracle and then the stretch in front of Auditorium Shores- so much going on there and the best water fountains.

Made my day to see this!

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