It’s come to this….
The Texas anti-abortion law is NOT gonna stop the procedures…
Desperation has set in for the Texas lawmakers it would seem….
A conservative Texas lawmaker warned Citigroup Inc.that it could be barred from underwriting municipal bonds and that company officers and employees could face criminal prosecution unless the bank backs off its policy to pay for workers to travel outside of Texas for an abortion.
Texas state representative Briscoe Cain, a Republican, said Friday he sent a cease-and-desist letter to Citigroup Global Markets Chief Executive Officer Jane Fraser. He also sent letters to leaders of some major non-profit organizations that have raised millions to pay travel costs for women seeking abortions outside Texas.
Citigroup instituted its new policy in reaction to a Texas law that forbids anyone from “aiding and abetting” an abortion after cardiac activity can be detected in the fetus. That usually occurs at around six weeks of pregnancy, before most women realize they’re pregnant.
Since Texas’s abortion ban took effect Sept. 1, abortions in the state have plunged roughly 60%, according to statistics provided by abortion advocates. However, women with access to time and resources have crossed state lines to reach clinics elsewhere. Abortion providers in adjacent states report being overwhelmed by Texas patients since the law took effect.
Cain currently lacks legal authority to carry out the actions he warns about in his letters, Josh Blackman, a professor at the South Texas College of Law, said in a phone interview. But if the U.S. Supreme Court overturns the legal precedent known as Roe v. Wade, which gives women a constitutional right to end an early-stage pregnancy, a 1974 Texas statute making it a felony to knowingly pay for an abortion will kick back in.
I don’t know why companies continue to do business in Texas? As if the state”$ actions that make it more difficult for blacks to vote is not enough?
Think about getting out of Texas, Corporate America.
I agree Z……
The state seems to be moving to leading the Southern states away from the rest of America….
The problem is?
Texas IS a BIG state that IS getting BIGGER….
Lots of money attracts money corporate fly’s
They have no conscience
That is not true. Lots of employees- especially younger ones – care a great deal that their employer is a good c”corporate citizen”. Employees increasingly expect corporations to take actions and speak out on social justice and environmental issues. My company does, and I often send notes to senior management thanking him doe their insightful leadership.
Props to ur company….
Apple Computer and others ARE strong with China even as that country does some bad things…
Citigroup has a decision to make ….
BTW?
The state ranked third on Forbes list of Best States For Business in 2018, noting strong growth, employment and income and a primary target for corporate relocations over the last six years…..
Wiki….
Exxon Mobil
AT&T
Dell Technologies
7-Eleven
American Airlines
Citgo
GM Financial
Halliburton
Kimberly-Clark
Marathon Oil
Oracle Corp
Pizzia Hut
Redneck Heaven
Shell Oil
This is just a partial list of companies Headquartered in Texas that one would think ‘accept’ Gov Abbott’s edicts to stay there….
Companies of course choose where they do business for many reasons, and it is very expensive to move out of a corporate headquarters. With that said, a lot of states – including many (most?) blue ones offer companies financial incentives to relocate to their state.
Agreed…….
Texas has weather , people and most of all?
Less REGULATIONS then say a New York or California…….
I know there has been a movement of people from California to there including Elton Musk.
The LESS RULES part is a Big deal for companies it would seem….
Of course NY and Ca also have a lot companies
I have worked for two different companies that moved their headquarters out of NYC!
My point exactly!….
NYC in NY is a tax rich, public transportation and cold winter location….
Unless your company NEEDS to be close to the the Big Apple?
U’d probably go where the boss would be happy at….
That’s place with low taxes, less rules, u can drive to work and have ur own parking space and snow is a remote ….