PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Lizzie Tudor who wrote (423237)	7/5/2003 1:10:15 PM
From: Diane	Read Replies (1) of 769670

That may have been the context - I don't remember. I was speaking in general about the cost of doing business in CA. Worker's comp is the biggest problem in my opinion. And 3Com is just one example. There are many others. For example, from a recent Business Week article on the subject... Such conditions threaten a new exodus from a state long criticized for its high cost of doing business. Fidelity National Financial (NYSE:FNF - News) Inc., the nation's largest title insurer, is in the process of relocating its 450-employee headquarters to lower-cost Jacksonville, Fla. Home-lending giant Countrywide Financial (NYSE:CFC - News) Corp. has said it won't increase its 15,000-person workforce in California unless legislators do something about what it considers overly generous overtime, insurance, and family medical leave laws. "We love California," says Leora Goren, Countrywide's managing director of human resources, "but it would be irresponsible to build in the state with the incredible costs."

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