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Co-hosted by ACG Silicon Valley
Silicon Valley heavyweights HP and Oracle have moved outside of the state and prompted critics to ask if California has been taking tech companies and their employees for granted. The high cost of living (especially housing), relatively high taxes with the potential for additional increases in taxation, and a more aggressive regulatory environment for a wide range of matters that impact company operations and their employees, contractors, and vendors appears to have spurred a departure “to greener pastures” (or at least less taxing and expensive ones) for several companies who have long been staples of the Silicon Valley landscape. Is this trend real? Does it matter? Will a shift in technology company headquarters alter the power balance in the Bay Area, or will Silicon Valley continue to be the same tech powerhouse it has always been with or without certain brand name (and often mature) technology companies claiming California as home? How does the pandemic and resulting shift to more remote workers impact this trend? If a company “remains” in California but all the employee growth accrues outside the state (or country), is that better or worse than an actual formal relocation to elsewhere? This panel will examine the reasoning behind company relocations, the trends behind the data, the possible impacts to the state if these trends continue or accelerate, and what it all might (or might not) mean for your company in the future.
SPEAKERS
BOB ACKERMAN
Bob Ackerman is Founder & Managing Director of AllegisCyber Capital. In founding Allegis, Bob’s mission was to build a seed and early-stage venture firm that would combine operational experience with an entrepreneurial spirit and a focus on forging true partnerships with portfolio companies to build successful and sustainable cybertechnology companies. Prior to Allegis, Bob was the President and CEO of UniSoft Systems, a global leading UNIX Systems House and the Founder and Chairman of InfoGear Technology Corporation, a pioneer in the original integration of web and telephony technology and creator of the original iPhone.
TOM CAMPBELL
Tom Campbell is a professor of economics and a professor of law at Chapman University, in Orange, California. Previously, he was a tenured professor of law at Stanford University, a tenured professor of business and Dean of the Haas School of Business at Berkeley, and Dean of the Fowler School of Law at Chapman. He specializes in applying microeconomics to legal issues. He has published in the Harvard Law Review, the Journal of Law and Economics, the Columbia Law Review, the UCLA Law Review, the Texas Law Review, the Hastings Law Review, the Antitrust Law Journal, and other journals. He is the author of a text on constitutional law, Separation of Powers in Practice, published by the Stanford University Press. He holds a Ph.D. in economics from the University of Chicago, where his faculty advisor was Nobel Prize winner Milton Friedman, and his dissertation committee included two other Nobel Prize winners, James Heckman and George Stigler. He was an editor of the Harvard Law Review, and received his J.D. magna cum laude from Harvard. He was a law clerk to Judge George E. MacKinnon on the US Court of Appeals for the District of Columbia Circuit, and to Justice Byron R. White of the US Supreme Court. He was a California State Senator, where he was rated the best overall state senator, the most ethical state senator, and the best problem-solver in the state senate, by the California Journal. He was a United States Congressman for five terms, author of the Peace Corps Reauthorization Act of 2000, and two resolutions to require Congress, not the President, to decide whether America should go to war in Yugoslavia. He was Director of Finance of the State of California, preparing and administering the state budget of over 100 billion dollars.
CRAIG TATLONGHARI
Craig Tatlonghari is a Partner with RSM US LLP. Craig, a California CPA, founded CT Tax, a boutique state and local tax consulting firm in 2012. As a former San Francisco based SALT partner for Ernst & Young LLP, Craig led the firm’s Pacific Northwest Area SALT practice with leadership responsibility over the Bay Area, Portland, and Seattle markets. Craig began his career working as a tax auditor for the State of California and has extensive experience working in all areas of state and local taxation including assisting clients with realigning their tax structure to their business objectives, providing comprehensive state tax minimization services which focus on both direct and indirect taxes and representing clients throughout the various stages of tax controversy.
F. DANIEL SICILIANO, moderator
F. Daniel Siciliano is a successful technology CEO-founder and entrepreneur, as well as Chairman of the board of the Federal Home Loan Bank of San Francisco, and a recognized expert in corporate strategy and governance, capital financial markets, executive compensation, and technological disruption (including fintech, AI and cybersecurity). He is currently Chairman of SVDX and a fellow at Stanford University.