- Richard Procter
Intern- San Francisco Business Times
California has been churning out jobs, thanks to Twitter, Salesforce and Dropbox, but there have been some high-profile exits. Union Bank's parent company announced in May it was leaving San Francisco for New York. It joins Bank of America and Transamerica as companies that no longer call California home. Toyota recently moved its North American headquarters to Texas.
Meanwhile, politicians like Texas Gov. Rick Perry make no secret of their plans to woo California companies. Charles Schwab has said it will move 1,000 jobs out of San Francisco to places like Colorado and Texas over the next three to five years.
Should we be worried? State authorities don't appear terribly concerned. More here.