Hello Texas!

California will soon suffer yet another major corporate defection when the McKesson Corporation, a pharmaceutical giant, sixth on the on the Fortune 500 list the headquarters from San Francisco to Dallas.  Apparantly they are tired of smelling all the human feces in the streets, and you think we are kidding, go there.  The stench is far worse than anything you will smell in a Trump "shit-hole" country.

Apple is the only California company bigger than McKesson. Apple has more than 75,000 employees and $198 billion in revenue for the last fiscal year.

McKesson saw its profile rise greatly in 2017 after a joint investigation by the Washington Post and CBS “60 Minutes” alleged  the company had played a central role in the opioid epidemic by failing to report “suspicious orders involving millions of highly addictive painkillers.”  This is one aspect of the "ethical drug" business that should be investigated well, see arrests and prosecutions of some of these billionaire people poisoners.

Now, according to a by the San Francisco Business Times, McKessons days in the Golden State are numbered. They officially denied the move. But the newspaper documented a number of rumor confirmng developments:

The remarks of an official with Irving Economic Development Partnership hinting McKesson was considering an expansion of their already major commitment to Irving.  McKesson’s $157 million regional headquarters opened in 2016 in a business-friendly suburb of Dallas that already has the headquarters of such corporate giants as ExxonMobil, Fluor Corp and Kimberly-Clark.

The state of Texas provided $9.75 million in subsidies to lubricate McKesson’s decision. The announcement that CEO John Hammergren will retire on March 31, 2019, and be succeeded by McKesson executive Brian Tyler, who lives in Las Colinas, a posh Irving neighborhood. His relocation was not directly addressed.

McKesson’s 2017 decision to sell its San Francisco headquarters for more than $300 million in favor of an arrangement in which it leases offices at the facility.

Given how much cheaper it is for a company to own rather than lease a large headquarters, the sale looks like a warning sign to city leaders that their richest resident company is preparing to move. 

McKesson would be hard hit by new Newsome "homeless tax" as Governor elect, Gavin Newsome is a chip off the block of Jerry Moonbeam Brown.

With the exception of Mayor London Breed, the city’s political establishment offered little pushback to a successful tax measure on San Francisco’s Nov. 6 ballot that will take millions of Dollars from McKesson as The Peoples Republic of San Francisco is the peninsula where every liberal's dream has come true as marches resolutely to become "Venezuela North."  It is a peninsula and could be sawed off and towed to China.

To fund increased programs for the homeless, Measure C imposes a gross receipts tax on San Francisco-based companies which have $50 million or more in annual revenue in classic "Hate The Rich" tax." With $198 billion in fiscal 2017, McKesson is by far the highest-grossing San Francisco-based firm. Measure C will generate $300 million a year to add to the $380 million the city now gives to  homeless for people poop and used needles on the street.

What an irony that an "ethical drug" maker has to leave a million of its' best customers high and dry!  More than 1,700 companies have left the Golden State since 2008, but Jerry Brown took no notice and it looks like Gavin Newsom is even less capable.  His greatest accomplishment was to get caught cheating on his wife, Kimberly Guilfoyle by having a affair with his best friend's wife!

The traditional corporate complaints about California having high taxes and heavy regulations have been added to the high cost of housing making it difficult to attract or even retain workers who see much better situations in another state, but it is a magnet to illegal aliens who all vote Democrat in return for all the free stuff.

Among the most prominent departures: Toyota moved its U.S. headquarters from Torrance to the Dallas suburb of Plano, Texas.  Occidental Petroleum moved their headquarters from Los Angeles to Houston and Nestle USA food conglomerate moved their headquarters from Glendale to Rosslyn, Virginia, in the Washington, DC suburbs.
 
In the light of this rolling disaster the rising stars of the Democrat Party are people like Alexandria Ocasio Cortez, Bernie Sanders and other declared socialists.

Adrian Vance