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(Fox Business)   Why this billionaire is moving his company from a liberal hell hole to ultraconservative Austin TX   (foxbusiness.com) divider line
    More: Awkward, California, Texas, United States, Seattle area, best places, Major League Baseball, San Jose, California, tech ventures  
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2254 clicks; posted to Business » and Politics » on 30 Jun 2020 at 9:22 PM (10 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-06-30 5:40:41 PM  
So you've uprooted your employees and their families not once but now twice? You sound like a dick.
 
2020-06-30 5:44:32 PM  
Leaving the West Coast might seem strange for a company focused on tech ventures and related investments.

Vulture Capitalist. They don't produce anything.
 
2020-06-30 5:45:51 PM  
It is "an organization consisting of companies (i.e. Teams) tech-driven, investment-focused, operationally intensive and or media related."

Does that mean anything?

And he has 300 employees, which doesn't seem like enough. This company is worth $1.5 billion, and he doesn't own 100% of the stock, so I don't see how he is a billionaire. I suspect he's moving to Austin because Texas is one of the those states where it's harder to sue than California.

I love the smell of fraud in the morning.
 
2020-06-30 5:46:04 PM  
Ultra conservative Austin?
 
2020-06-30 5:49:06 PM  

propasaurus: Ultra conservative Austin?


He hasn't been to Austin, I see.

If he's looking for Ultra conservatism he needs to get to West or East Texas, I'd say.
 
2020-06-30 5:50:56 PM  

buckwebb: propasaurus: Ultra conservative Austin?

He hasn't been to Austin, I see.

If he's looking for Ultra conservatism he needs to get to West or East Texas, I'd say.


I think that's subby's joke. I didn't see it in TFA.
 
2020-06-30 5:54:03 PM  
Fark user imageView Full Size


"I'm proud to be an asshole.  I can do whatever I like, and my employees can either comply or go f*ck themselves.  I'm tired of the State of Washington telling me I can't do whatever the f*ck I want.  As a matter of fact, I'm moving my company to a state where the law says I can basically hold people in indentured f*cking servitude if I want to, and that's going to be so much better for them.  And especially for me.  That's right, people can uproot their lives and their families to live in f*cking Texas because I say so, or they can be unemployed.  I truly don't give a shiat, either way.  Kiss my ass.  You.  Yeah, you.  You can kiss my ass, I own the f*cking company and I don't give a shiat that you think I'm an asshole, how 'bout them apples?"
 
2020-06-30 6:00:44 PM  
San Francisco and Seattle have become hostile to the principles and policies that enable people to live abundantly in the broadest sense

I know "live abundantly" is code-speak for prosperity gospel bullshiat.

But what the fark, to him, is "the broadest sense?"
 
2020-06-30 6:03:03 PM  

Clarence Brown: buckwebb: propasaurus: Ultra conservative Austin?

He hasn't been to Austin, I see.

If he's looking for Ultra conservatism he needs to get to West or East Texas, I'd say.

I think that's subby's joke. I didn't see it in TFA.


Good point! I skim/read it cause I got bored with his yapping quotes.
 
2020-06-30 6:07:20 PM  
But both have become hostile to the principles and policies that enable people to live abundantly in the broadest sense.

Yet another reason I love the West Coast: it has a tendency to expel selfish douches like this rather than cater to them to the detriment of the workforce.
 
2020-06-30 6:17:12 PM  

SurfaceTension: San Francisco and Seattle have become hostile to the principles and policies that enable people to live abundantly in the broadest sense

I know "live abundantly" is code-speak for prosperity gospel bullshiat.

But what the fark, to him, is "the broadest sense?"


He's confused Texas with Utah.
 
2020-06-30 6:22:31 PM  

SurfaceTension: But what the fark, to him, is "the broadest sense?"


He likes big butts, and he cannot not lie.
 
2020-06-30 6:44:39 PM  
While uprooting a big part of a billion-dollar company isn't easy, the decision to move to Texas wasn't hard. Our staff and their families will be able to flourish to a much greater extent.

Bbbbbbuuuuuuuuullllllllllllsssssssssss​shiattttttttttttttttt

This dude just wants cheaper labor and to be able easily fire people.  Maybe dump some poison into the drinking water.

/yes, I know he's a "venture capitalist" but I stand by the idea that he's still poisoning drinking water.  He's a Republican.  Its what they do.
 
2020-06-30 6:48:16 PM  

Benevolent Misanthrope: [Fark user image image 275x183]

"I'm proud to be an asshole.  I can do whatever I like, and my employees can either comply or go f*ck themselves.  I'm tired of the State of Washington telling me I can't do whatever the f*ck I want.  As a matter of fact, I'm moving my company to a state where the law says I can basically hold people in indentured f*cking servitude if I want to, and that's going to be so much better for them.  And especially for me.  That's right, people can uproot their lives and their families to live in f*cking Texas because I say so, or they can be unemployed.  I truly don't give a shiat, either way.  Kiss my ass.  You.  Yeah, you.  You can kiss my ass, I own the f*cking company and I don't give a shiat that you think I'm an asshole, how 'bout them apples?"


I rarely smart and funny. Well done.
 
2020-06-30 7:18:17 PM  
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He's doing it so his employees can be free.  He's just that selfless. The stifling conformity of Seattle is, well, unbearable.  It's almost as if everyone isn't a Trumper, Covid-denying arch-Catholic, like himself.
 
2020-06-30 7:38:13 PM  

SurfaceTension: San Francisco and Seattle have become hostile to the principles and policies that enable people to live abundantly in the broadest sense

I know "live abundantly" is code-speak for prosperity gospel bullshiat.

But what the fark, to him, is "the broadest sense?"


Nice catch, missed that but did catch: But the best places to be in tech have now become some of the worst places to raise a family, practice a faith, or even think freely. This hurts my team and the business.

So yeah, religious nuttery.
 
2020-06-30 7:41:33 PM  

pearls before swine: He's confused Texas with Utah.


He can go there after Texas turns blue in a few years.
 
2020-06-30 8:30:20 PM  
Fark user imageView Full Size
 
2020-06-30 8:49:13 PM  
Looks like an asshole looking for a cop-out to lay off people he hasn't got the stones to do otherwise.  You can bet anyone that follows him there are his second-rate and desperate third-rate employees and his business will suffer from that.  The first rate ones will stay and join another org, along with all their business relationships which are so very critical in his vague business model that's so reliant on such things.

If the company is a publicly traded one expect to see him related in about 6 months by the board. if not, expect it to fold within a year.
 
2020-06-30 9:04:11 PM  

PreMortem: SurfaceTension: San Francisco and Seattle have become hostile to the principles and policies that enable people to live abundantly in the broadest sense

I know "live abundantly" is code-speak for prosperity gospel bullshiat.

But what the fark, to him, is "the broadest sense?"

Nice catch, missed that but did catch: But the best places to be in tech have now become some of the worst places to raise a family, practice a faith, or even think freely. This hurts my team and the business.

So yeah, religious nuttery.


Seems like a lot of these business owners think they also own their employees. Like he literally thinks he's got to look out for them because they can't make up their own minds on stuff. Man I hope I never work for an owner like that.
 
2020-06-30 9:25:35 PM  
Fark user imageView Full Size



ALL OF THESE TEXAS CITIES ARE YOURS EXCEPT FOR AUSTIN. ATTEMPT NO LANDING THERE.
 
2020-06-30 9:37:24 PM  
I'm sorry, but I can't imagine wanting to live in Texas.  I really can't see wanting to move their from the west coast.
 
2020-06-30 9:38:18 PM  
Austin is pretty libby lib, but right now the *state* is still run by covid-sucking hyperconservative jerks. And the best we can hope for this November is to flip the lower house of the leg, because the statewide offices are done in off-years. And since we can expect a GOP backwash from the 2020 blue wave (he said hopefully) in 2022, the Gov, LT Gov, AG, and other statewide offices will probably be red until 2026, tho maybe we can get the state Senate in '24.
 
2020-06-30 9:38:47 PM  
Fox publishes a story about this guy monthly - they just change the name and the picture.
If anecdotes this obvious actually influence your thinking on anything, you are too gullible to bother with educating, as far as I'm concerned.
 
2020-06-30 9:39:24 PM  

SurfaceTension: Seems like a lot of these business owners think they also own their employees


They don't.  Their employees can either move with the company or find another job. If they move with them, it is likely that they can increase their wages and/or standard of living (assuming that they end up with the same wage).
 
2020-06-30 9:42:05 PM  

koder: But both have become hostile to the principles and policies that enable people to live abundantly in the broadest sense.

Yet another reason I love the West Coast: it has a tendency to expel selfish douches like this rather than cater to them to the detriment of the workforce.


I think that type of broad generalization is delusional- Palo Alto seems to have plenty.

But this same type of movement is what is slowly turning Texas less conservative, so I'll take it.
 
2020-06-30 9:42:55 PM  

SoundOfOneHandWanking: I'm sorry, but I can't imagine wanting to live in Texas.  I really can't see wanting to move their from the west coast.


For many, the standard of living incentive is really big.

The value of a dollar in CA and WA is 0.87 and 0.95, respectively.

For TX it is 1.03.

You may not like it from a cultural or climate perspective, but for many - money talks.
 
2020-06-30 9:44:16 PM  

weddingsinger: While uprooting a big part of a billion-dollar company isn't easy, the decision to move to Texas wasn't hard. Our staff and their families will be able to flourish to a much greater extent.

Bbbbbbuuuuuuuuullllllllllllsssssssssss​shiattttttttttttttttt

This dude just wants cheaper labor and to be able easily fire people.  Maybe dump some poison into the drinking water.

/yes, I know he's a "venture capitalist" but I stand by the idea that he's still poisoning drinking water.  He's a Republican.  Its what they do.


To be fair, TX has no state income tax. At the very least the staff would be taking more home at the same salary. On top of it Austin wouldn't be a bad move.
 
2020-06-30 9:45:11 PM  

HeadLever: SurfaceTension: Seems like a lot of these business owners think they also own their employees

They don't.  Their employees can either move with the company or find another job. If they move with them, it is likely that they can increase their wages and/or standard of living (assuming that they end up with the same wage).


That's not what I mean. Listen to the guy's comments. He comes across as very paternalistic, and I'd be insulted if an owner talked about me like that.
 
2020-06-30 9:45:53 PM  

Clarence Brown: It is "an organization consisting of companies (i.e. Teams) tech-driven, investment-focused, operationally intensive and or media related."

Does that mean anything?


The article had the cadence and vagueness of an Onion article.  Maybe he's selfmade, but I'm assuming entitled d bag born on 3rd base.
 
2020-06-30 9:54:20 PM  
He's running a line of shiat.

No, really. See, he's always been in Texas, first as part of InvestRes. He was the co-founder & executive chairman of that company, from September 2010 to Feburary 2019. The fact that he had another office here in Seattle, since January 2016, is handy - especially as his "billion dollar business" isn't, not really.

His organization basically runs a bunch of smaller companies ("Teams") which, as an aggregate, aren't worth all that much, and those smaller companies total about 300 employees. The "billion dollar" bit is a claim that his companies represent a $1.5bn investment. You could know more, but not any more - his company has pulled all of the videos that used to describe how Rex Teams works and where their companies are actually located off of YouTube. Must've contradicted the narrative.

If you start rooting around, though, you find a lot more bullshiat from this guy. For example, at GetDone, suddenly he has 480 employees across all of the companies managed by Rex Teams, but only takes in about $135m annually. His job postings list Rex Teams don't list Seattle, WA as the company's location, but Bellevue, WA, and Austin, TX, instead. The company has offices in Seattle, Dallas, and Tampa Bay, per his 2019 video.

He's not "leaving for" Texas. He's returning to Texas, after having moved his own offices - not his employees, mind you, who are scattered across the U.S. - here when Trump became president.
 
2020-06-30 9:55:34 PM  

Psychohazard: Clarence Brown: It is "an organization consisting of companies (i.e. Teams) tech-driven, investment-focused, operationally intensive and or media related."

Does that mean anything?

The article had the cadence and vagueness of an Onion article.  Maybe he's selfmade, but I'm assuming entitled d bag born on 3rd base.


Bingo, with a huge Catholic push behind it.
 
2020-06-30 10:02:44 PM  

FormlessOne: He's running a line of shiat.

No, really. See, he's always been in Texas, first as part of InvestRes. He was the co-founder & executive chairman of that company, from September 2010 to Feburary 2019. The fact that he had another office here in Seattle, since January 2016, is handy - especially as his "billion dollar business" isn't, not really.

His organization basically runs a bunch of smaller companies ("Teams") which, as an aggregate, aren't worth all that much, and those smaller companies total about 300 employees. The "billion dollar" bit is a claim that his companies represent a $1.5bn investment. You could know more, but not any more - his company has pulled all of the videos that used to describe how Rex Teams works and where their companies are actually located off of YouTube. Must've contradicted the narrative.

If you start rooting around, though, you find a lot more bullshiat from this guy. For example, at GetDone, suddenly he has 480 employees across all of the companies managed by Rex Teams, but only takes in about $135m annually. His job postings list Rex Teams don't list Seattle, WA as the company's location, but Bellevue, WA, and Austin, TX, instead. The company has offices in Seattle, Dallas, and Tampa Bay, per his 2019 video.

He's not "leaving for" Texas. He's returning to Texas, after having moved his own offices - not his employees, mind you, who are scattered across the U.S. - here when Trump became president.


Wow.

Thank you for the context.
 
2020-06-30 10:06:00 PM  

SurfaceTension: . He comes across as very paternalistic, and I'd be insulted if an owner talked about me like that.


'I want to be a servant CEO and I have to consider where our people can live best.   That includes buying homes and things like that'

This attitude offends you?  Do you want a CEO that is cognizant of his employees or a CEO that doesn't give a flying Fark?  This coming from a lefty sounds much like wanting to have your cake and eat it too.
 
2020-06-30 10:10:42 PM  

propasaurus: Ultra conservative Austin?



he'll love Hippy Hollow
 
2020-06-30 10:12:20 PM  

Linux_Yes: propasaurus: Ultra conservative Austin?


he'll love Hippy Hollow


He's already in "Hippy Hollow." Half the positions for which he's hiring are based in Austin, TX.
 
2020-06-30 10:30:50 PM  
Soo is this a "They expect me to pay a fair share in taxes so I'm leaving to a state that gives me a free ride" sort of thing? Or is this a "They forced me to wear a mask and that's against my freedums" sort of thing?
 
2020-06-30 10:36:53 PM  

keldaria: Soo is this a "They expect me to pay a fair share in taxes so I'm leaving to a state that gives me a free ride" sort of thing? Or is this a "They forced me to wear a mask and that's against my freedums" sort of thing?


More of "A" without the free ride point being valid.  Texas has a higher state solvency rate than either California or Washington.  Even with the lower taxes, Texas is more solvent.
 
2020-06-30 10:38:09 PM  

BlazeTrailer: weddingsinger: While uprooting a big part of a billion-dollar company isn't easy, the decision to move to Texas wasn't hard. Our staff and their families will be able to flourish to a much greater extent.

Bbbbbbuuuuuuuuullllllllllllsssssssssss​shiattttttttttttttttt

This dude just wants cheaper labor and to be able easily fire people.  Maybe dump some poison into the drinking water.

/yes, I know he's a "venture capitalist" but I stand by the idea that he's still poisoning drinking water.  He's a Republican.  Its what they do.

To be fair, TX has no state income tax. At the very least the staff would be taking more home at the same salary. On top of it Austin wouldn't be a bad move.


WA state doesn't have income tax and the property taxes are higher in Texas*.

*well higher if the city/county has services
 
2020-06-30 10:44:45 PM  

HeadLever: SurfaceTension: . He comes across as very paternalistic, and I'd be insulted if an owner talked about me like that.

'I want to be a servant CEO and I have to consider where our people can live best.   That includes buying homes and things like that'

This attitude offends you?  Do you want a CEO that is cognizant of his employees or a CEO that doesn't give a flying Fark?  This coming from a lefty sounds much like wanting to have your cake and eat it too.


I want a CEO who doesn't pick up and move because he thinks that's what's best for me.
 
2020-06-30 11:14:07 PM  

SurfaceTension: San Francisco and Seattle have become hostile to the principles and policies that enable people to live abundantly in the broadest sense

I know "live abundantly" is code-speak for prosperity gospel bullshiat.

But what the fark, to him, is "the broadest sense?"


His own rentboys?
 
2020-06-30 11:19:35 PM  

koder: But both have become hostile to the principles and policies that enable people to live abundantly in the broadest sense.

Yet another reason I love the West Coast: it has a tendency to expel selfish douches like this rather than cater to them to the detriment of the workforce.


I thought they just moved to Hollywood?
 
2020-06-30 11:19:50 PM  

jso2897: Fox publishes a story about this guy monthly - they just change the name and the picture.
If anecdotes this obvious actually influence your thinking on anything, you are too gullible to bother with educating, as far as I'm concerned.


It's paid content. The guy is self-promoting.
 
2020-06-30 11:35:32 PM  
How do you make a billion dollars in Texas in the tech industry?

Well, start with a 100 billion dollars...
 
2020-06-30 11:39:14 PM  

HeadLever: keldaria: Soo is this a "They expect me to pay a fair share in taxes so I'm leaving to a state that gives me a free ride" sort of thing? Or is this a "They forced me to wear a mask and that's against my freedums" sort of thing?

More of "A" without the free ride point being valid.  Texas has a higher state solvency rate than either California or Washington.  Even with the lower taxes, Texas is more solvent.


...except that he's already in Texas.

His company isn't "leaving Seattle." He's just moving back to Texas. His "company" is largely virtual, an org of smaller companies scattered across multiple states.

This is a real estate & investment huckster using the media for some conservative-friendly PR, and the media using him for some liberal-bashing bias.
 
2020-06-30 11:42:10 PM  

HeadLever: SurfaceTension: . He comes across as very paternalistic, and I'd be insulted if an owner talked about me like that.

'I want to be a servant CEO and I have to consider where our people can live best.   That includes buying homes and things like that'

This attitude offends you?  Do you want a CEO that is cognizant of his employees or a CEO that doesn't give a flying Fark?  This coming from a lefty sounds much like wanting to have your cake and eat it too.


Having moved my daughter to the Austin area last year (Pflugerville), I'd say if that was his goal, he is doing it wrong.
 
2020-06-30 11:51:59 PM  

HeadLever: SurfaceTension: Seems like a lot of these business owners think they also own their employees

They don't.  Their employees can either move with the company or find another job. If they move with them, it is likely that they can increase their wages and/or standard of living (assuming that they end up with the same wage).


A billionaire looking out for his employees. The dust is thick in here.

Wait..why are my eyes burning. OH MY GOD! That's not dust! That's...gasp...cough...
 
2020-06-30 11:54:03 PM  

HeadLever: SoundOfOneHandWanking: I'm sorry, but I can't imagine wanting to live in Texas.  I really can't see wanting to move their from the west coast.

For many, the standard of living incentive is really big.

The value of a dollar in CA and WA is 0.87 and 0.95, respectively.

For TX it is 1.03.

You may not like it from a cultural or climate perspective, but for many - money talks.


Cough...cough...GASP..
 
2020-06-30 11:57:21 PM  

HeadLever: SurfaceTension: . He comes across as very paternalistic, and I'd be insulted if an owner talked about me like that.

'I want to be a servant CEO and I have to consider where our people can live best.   That includes buying homes and things like that'

This attitude offends you?  Do you want a CEO that is cognizant of his employees or a CEO that doesn't give a flying Fark?  This coming from a lefty sounds much like wanting to have your cake and eat it too.


Gasp...cough...wheeeeeeeeeze...what is in the air...my god! It's killing me....
 
2020-06-30 11:59:31 PM  

HeadLever: keldaria: Soo is this a "They expect me to pay a fair share in taxes so I'm leaving to a state that gives me a free ride" sort of thing? Or is this a "They forced me to wear a mask and that's against my freedums" sort of thing?

More of "A" without the free ride point being valid.  Texas has a higher state solvency rate than either California or Washington.  Even with the lower taxes, Texas is more solvent.


Wheeeze...aaasuuuughhhhhh...

Oh...wait...it's just bullshiat...
 
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