Oracle Corporation now joins the ignominious group of Foreign Corrupt Practices Act (FCPA) recidivists. Last week, in a Press Release, the Securities and Exchange Commission (SEC).
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Oracle lured to Texas by lower payrolls, labor pool
Nico Grant, Bloomberg
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Oracle Corp. headquarters in Redwood City, Calif.Bloomberg photo by David Paul Morris
Oracle Corp. s surprise decision to shift its headquarters to Texas from California marks a strategic realignment for the Silicon Valley stalwart that s likely to yield long-term financial benefits like lower payroll costs and the potential to more easily recruit future employees.
The world s second-largest software maker said last week that it would no longer designate its longtime base in Redwood City as its main office, ending an era for a company that helped define the technology industry through the 1980s and 90s. The embrace of Texas seems designed to curtail costs over time, in contrast to the San Francisco Bay area, which has grown increasingly expensive for corporate payrolls and individuals.
Oracle lured to Texas by lower payrolls and labor pool
Nico Grant, Bloomberg News VIDEO SIGN OUT
Oracle Corp.âs surprise decision to shift its headquarters to Texas from California marks a strategic realignment for the Silicon Valley stalwart thatâs likely to yield long-term financial benefits such as lower payroll costs and the potential to more easily recruit future employees.
The worldâs second-largest software maker said last week that it would no longer designate its long-time base in Redwood City as its main office, ending an era for a company that helped define the technology industry through the 1980s and 90s. The embrace of Texas seems designed to curtail costs over time, in contrast to the San Francisco Bay Area, which has grown increasingly expensive for corporate payrolls and individuals.