Lynsi Snyder, CEO of In-N-Out Burger, announced plans to move to Tennessee, citing difficulties in raising a family and high California housing costs. This decision drew backlash due to Snyder's substantial net worth and perceived detachment from California. She clarified the company's headquarters would remain in California despite the move. Supporters cited California's high taxes and regulations as reasons for the company's relocation decisions. Economists agreed that customers remain loyal to In-N-Out's product quality, irrespective of corporate moves, emphasizing the need for California to improve its business climate.
"People go to In-N-Out for the burgers, not the boardroom biography. If you can still order multiple quality patties from the secret menu, the brand will be just fine."
"Numerous major firms leave California because of the state's oppressive regulations, taxes and operating costs. Since 2018, 275 headquarters relocated from the state, worth more than $550 billion."
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