Even though the company has denied reports and rumors that San Francisco, California-based McKesson Corporation, the distributor of pharmaceuticals, medical supplies, and the sixth largest Fortune 500 company, may be considering leaving California’s high-tax and hostile business environment for Dallas, Texas. Fueling the scuttlebutt is the sale of their prestigious One Post Street San Francisco headquarters building in 2017 for approximately $320 million and executed a 10-year leaseback for an estimated 200,000 square feet.
The company already maintains an expanding $157 million regional headquarters in the Dallas area of Irving, Texas. Additionally, Brian Tyler, the current President and Chief Operating Officer of McKesson who lives in Irving will be succeeding current CEO John Hammergren who is scheduled for retirement at the end of the first quarter of 2019. A
nd let us not forget San Francisco’s recently passed Proposition C which is a direct tax of $3000+ million on big business on behalf of the homeless who already treat the city as a combination toilet and needle disposal repository. Definitely a time for California employees to remain vigilant.
It can happen to anyone, anytime, anywhere ... are you wondering, Am I Next?