Tuesday, May 29, 2012

California's risky bet on Facebook

Jerry Brown's anticipation of a Facebook windfall illustrates his pattern for overpromising and underdelivering. A smart executive does the opposite.

California government may receive a windfall from huge capital-gains taxes on the sale of Facebook stock following the Palo Alto social-networking behemoth's recent initial public offering. Or not.



(source: Orange County Register)

No comments:

Post a Comment