Showing posts with label California budget. Show all posts
Showing posts with label California budget. Show all posts

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)