Comment Re:Makes no sense (Score 1) 145
This is absurd on so many levels.
To start with, it's not like the lawsuit has anything to do with what state they're based in. The California AG happens to be leading it, but it's a coalition of 12 states. It's not as if they could escape the suit by moving to another state. This is purely a pressure tactic, nothing more.
I believe they can. States can only sue companies that operate in their state. If Paramount moves to a state that isn't in that coalition, the other 12 will have a difficult time collecting.
Actually moving would be incredibly expensive. Build entirely new studios. Relocate all their employees. Lose a whole lot of employees who don't want to relocate.
And exactly who's going to employ all those who refuse to move? California unemployment isn't exactly stellar these days.
And anywhere else they moved to would be a worse place. They're located in Los Angeles because that's the heart of the film industry. That's where the workers are. That's where all the other companies that support the industry are. Trying to operate in Georgia or Tennessee would be much harder for them.
Your information is...dated. There are thriving film industries in Georgia, for example. It got so good California got scared of it. Granted, things have scaled back a bit in recent years, but that's tracking the overall decline of the film industry. LA is even worse.
Even if they somehow decided it made sense to move, that's not a decision you make quickly or lightly. It would take long and careful planning to choose a new location and prepare for the move. But here he is, saying they're going to start moving in less than two months, and he hasn't even decided what state to move to. Is anyone really supposed to take this seriously?
Please, don't take it seriously. Then, when it happens, it'll be far more shocking.
If in spite of everything he really tries to go through with this, expect a shareholder lawsuit and calls for the board to fire him. But he'd have to be crazy to really do it.
Shareholders have this odd habit of wanting their CEO to do things that increase the profitability of the company. Given how many businesses are fleeing the anti-business climate of California for Florida, Texas, and other business-friendly states -- and thriving in those new states -- they might just give him a raise.
