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0 pointsgrapeskin3y ago0 comments

It's odd how many corporations have policies to help their employees escape the laws of places like Texas and Florida, but they're more than happy to relocate their offices to those states for small tax reductions.

If they're truly against these policies, gutting those states of thousands of high earning jobs and refusing to build any new offices is the most effective way to do it.

The Russian sanctions actually surprised me in that a lot of corporations actually pulled out and fast. I'll be even more surprised if they stay out for years to come.

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unmole3y ago

Relocating to low tax jurisdictions and boosting employee morale both contribute towards creating long term shareholder value.

> The Russian sanctions actually surprised me in that a lot of corporations actually pulled out and fast.

Companies either pulled out because they were legally obligated (That's what sanctions are) or they wanted to avoid reputational damage to their brands. Again, rational self interest.

Corporations do not and I'd argue should not take political positions in the way people do.

SantalBlush3y ago

This is completely made up. Corporations take political positions all the time; it's why they hire lobbyists. Taking political positions is part of business.

Your statement really could not be further from the truth.

unmole3y ago

Again, corporations act in their rational self interest. Sure, industry specific regulation and abortion access are both political. But conflating them is not particularly useful.

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ta9883y ago

They often don't take political positions, they make them.

esolyt3y ago

> Companies either pulled out because they were legally obligated (That's what sanctions are)

AFAIK, there were no sanctions regarding multinational corporations. McDonalds etc. were not legally obligated to pull out.

owl573y ago

Yes, that's for publicity.

Renault has signed a deal where they sell the AvtoVAZ factory to Russian state but can buy back in the next 6 years and are in the meantime giving AvtoVAZ designs of new Renault models and assistance with getting parts for clones from more Russian-friendly countries.

McDonalds definitely feels like they're doing something similar but in a more covert way. Ate there in Moscow yesterday. They have a new logo, Big Mac is missing from menu (trademark negotiations probably?), but other than that I assure you they're re-open.

hericium3y ago

> pulled out (...) to avoid reputational damage to their brands.

French retailer Auchan did not move out of Russia and I have some friends who stopped shopping there and are quite vocal about how noone should shop there.

unmole3y ago

Because the company decided that the risk of reputational damage was smaller than the value of their Russian operations? The fact that they decided to stay put doesn't mean they support the invasion.

Don't anthropomorphize corporations.

5 more replies

JKCalhoun3y ago

Texas didn't look quite as insane a decade or so ago when Apple began ramping up their Austin offices. I wonder how Apple feels now though.

ra73y ago

Google also just built a brand new building in downtown Austin that will house a few thousand people.

metadat3y ago

And Oracle.

Ugh.

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npteljes3y ago

Odd? I think it just makes business sense.

j / k navigate · click thread line to collapse

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unmole3y ago

Relocating to low tax jurisdictions and boosting employee morale both contribute towards creating long term shareholder value.

> The Russian sanctions actually surprised me in that a lot of corporations actually pulled out and fast.

Companies either pulled out because they were legally obligated (That's what sanctions are) or they wanted to avoid reputational damage to their brands. Again, rational self interest.

Corporations do not and I'd argue should not take political positions in the way people do.

SantalBlush3y ago

This is completely made up. Corporations take political positions all the time; it's why they hire lobbyists. Taking political positions is part of business.

Your statement really could not be further from the truth.

unmole3y ago

Again, corporations act in their rational self interest. Sure, industry specific regulation and abortion access are both political. But conflating them is not particularly useful.

2 more replies

ta9883y ago

They often don't take political positions, they make them.

esolyt3y ago

> Companies either pulled out because they were legally obligated (That's what sanctions are)

AFAIK, there were no sanctions regarding multinational corporations. McDonalds etc. were not legally obligated to pull out.

owl573y ago

Yes, that's for publicity.

hericium3y ago

> pulled out (...) to avoid reputational damage to their brands.

French retailer Auchan did not move out of Russia and I have some friends who stopped shopping there and are quite vocal about how noone should shop there.

unmole3y ago

Don't anthropomorphize corporations.

5 more replies

JKCalhoun3y ago

Texas didn't look quite as insane a decade or so ago when Apple began ramping up their Austin offices. I wonder how Apple feels now though.

ra73y ago

Google also just built a brand new building in downtown Austin that will house a few thousand people.

metadat3y ago

And Oracle.

Ugh.

1 more reply

npteljes3y ago

Odd? I think it just makes business sense.

j / k navigate · click thread line to collapse