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13.08.26 - 19:30
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Paramount Mulling California Exodus Amid Antitrust Scrutiny (ZeroHedge)
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Paramount Mulling California Exodus Amid Antitrust Scrutiny
Authored by Andrew Moran via The Epoch Times,
Paramount Skydance could be the next major company to leave California as the media giant faces intensifying antitrust scrutiny over its purchase of Warner Bros. Discovery.
Makan Delrahim, Paramount's top legal officer, said the Los Angeles-based company is “committed” to staying in California.
But he also noted that the company has “a fiduciary duty to shareholders.”
“You have to take a look at the business environment and look to see what's best for not only the community and the business,” he said at Politico's The California Agenda: Sacramento Summit on Aug. 12.
“And ultimately, you know, go to the place where you're wanted.”
In recent years, scores of American companies - including SpaceX, X, Chevron, and Oracle - have shifted their headquarters or operations out of California and into other states. KB Home, Public Storage, Yamaha Motor, and D-Wave Quantum have bee...
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