Oracle Is Moving Its World Headquarters To Nashville (cnbc.com) 67
Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter. CNBC reports: In a wide-ranging conversation with Bill Frist, a former U.S. Senate Majority Leader, Ellison said Oracle is moving a "huge campus" to Nashville, "which will ultimately be our world headquarters." He said Nashville is an established health center and a "fabulous place to live," one that Oracle employees are excited about. "It's the center of the industry we're most concerned about, which is the health-care industry," Ellison said. The announcement was seemingly spur-of-the-moment. "I shouldn't have said that," Ellison told Frist, a longtime health-care industry veteran who represented Tennessee in the Senate. The pair spoke during a fireside chat at the Oracle Health Summit in Nashville.
Nashville has been a major player in the health-care scene for decades, and the city is now home to a vibrant network of health systems, startups and investment firms. The city's reputation as a health-care hub was catalyzed when HCA Healthcare, one of the first for-profit hospital companies in the U.S., was founded there in 1968. HCA helped attract troves of health-care professionals to Nashville, and other organizations quickly followed suit. Oracle has been developing its new $1.2 billion campus in the city for about three years, according to The Tennessean. "Our people love it here, and we think it's the center of our future," Ellison said.
Nashville has been a major player in the health-care scene for decades, and the city is now home to a vibrant network of health systems, startups and investment firms. The city's reputation as a health-care hub was catalyzed when HCA Healthcare, one of the first for-profit hospital companies in the U.S., was founded there in 1968. HCA helped attract troves of health-care professionals to Nashville, and other organizations quickly followed suit. Oracle has been developing its new $1.2 billion campus in the city for about three years, according to The Tennessean. "Our people love it here, and we think it's the center of our future," Ellison said.
Re:Interesting - Austin (Score:4, Informative)
Oracle moved its headquarters from Silicon Valley to Austin, Texas, in 2020. The company has been making a major push into health care in recent years, most notably with its $28 billion acquisition of the medical records software giant Cerner.
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The city's reputation as a health-care hub was catalyzed when HCA Healthcare, one of the first for-profit hospital companies in the U.S., was founded there in 1968.
Meanwhile, HCA was busy finding new and inventive ways to kill me several years back. It all started with what I'm calling ADS, or Arrogant Doctor Syndrome. They ignored me when I told them what was wrong and claimed I had cancer. It's fun going into a doctor's office after spending 6 weeks in the hospital and nearly dying 10 times because of their screw up and having them say, "You were right."
This is true of most doctors in all health care environments, I am afraid. Here in the US we pay them disproportionately to their level of actual knowledge and skill, they should really be paid like a mechanic or technician. The high pay and social prestige makes them arrogant and just awful, and attracts people with all the wrong personality traits.
All of the "Doctor Shows" on TV don't help any either, a lot of the medical professionals you are going to interact with in any hospital or doctors office are o
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I used to work for a health care company that just switched to Cerner for EMR from its competitor Epic. My first thought was "oh boy, here come the legal demands..."
Democrat here and yeah that was my first thought (Score:5, Insightful)
If they're moving to Tennessee it's probably just a tax Dodge. Texas has notoriously high taxes and they've probably started to shake down Oracle. The governor is spending literally billions of dollars showboating on the southern border and that money has to come from somewhere since it's not coming from the federal government... Seriously look it up they've spent something like 6 billion dollars mobilizing the national guard. You could take every single migrant for the next 20 years and pay him $50,000 a year to sit on their thumbs and you'd come out ahead
Re:Democrat here and yeah that was my first though (Score:5, Informative)
If they're moving to Tennessee it's probably just a tax Dodge.
And tax breaks in TN. From the TFA (Oracle America closes on Nashville riverfront site [tennessean.com]) referenced in TFA...
Oracle America has paid nearly $254 million for slightly more than 60 acres of Nashville riverfront property,
Oracle bought 13 parcels of industrial and vacant land on the east bank of the Cumberland River on Tuesday.
Oracle committed to paying $175 million for Metro infrastructure upgrades and a pedestrian bridge over the river in exchange for a temporary property tax break.
The Tennessean article doesn't say how much or how temporary the property tax break is.
[Larry Ellison] said Nashville is an established health center and a "fabulous place to live," one that Oracle employees are excited about.
As if Larry actually cares about employees.
Re:Democrat here and yeah that was my first though (Score:5, Interesting)
It is a bit of both. The tax dodge but yeah, nobody wanted to move to Austin because of the state government's policies on, well, health care. Specifically women's. The Navy I believe is seriously considering reducing Corpus Christie in the same way that the Air Force has more or less given up on Huntsville as a result of Alabama's policies and representation. Recruitment is down and sailors, like soldiers, are sometimes resigning rather than moving to a 'red' state with poor education and poor, repressive health care options, if the alternative of resignation is available.
Now, TN is still majority Republican and *could* go that way, too...but it would be more obvious the healthcare hand feeding them than Texas where the leadership only thinks in barrels of oil.
I think the larger problem of ANY "HQ" move is, well, getting anybody to want to go back to work in an office in the first place.
Doesn't that completely defeat the purpose? (Score:5, Informative)
I'm not exactly prime breeding age here but I wouldn't want my kid trying to set up a family in a red state with the way things are right now. Too much risk of criminal prosecution even for a miscarriage
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And it will get just a little bit worse. Tennessee just passed a law to allow teachers to carry guns:
Administrator: Why did you kill Johnny?
Teacher: I've had it with little f-ck, always smirking and making fun of me....serves him right!
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Teacher: Yeah, he was actively shooting his little mouth off.
The problem is teachers will lose their guns (Score:2)
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Tennessee is just as terrible about women's reproductive health as anything else. It's a problem for trans kids too and sure they only make up 1% of the population but when you've got several thousand employees you're going to have a few in there. That's just how math works.
I'm not exactly prime breeding age here but I wouldn't want my kid trying to set up a family in a red state with the way things are right now. Too much risk of criminal prosecution even for a miscarriage
"Trans kids" make up much less than 1% of any population. Closer to 1% of 1%.
Also, show me the dozens of lawsuits where women are being charged with crimes for miscarriages anywhere in the United States. You can't because they arent.
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You can start here [themarshallproject.org] and then do your own research to find further cases.
Be sure to move the goalposts and split hairs while you're reading that article. We wouldn't want you to admit that you're wrong, after all.
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Reading the linked material doesn't require much in the way of hair-splitting. The women in that article were charged with crimes because they were using drugs that could have contributed to killing their unborn children. This is in essence the same thing as when drunk drivers are charged with manslaughter when they cause a woman to lose her baby when they cause wrecks. rsilvergun can tell his daughter to keep off meth and coke and she will be fine.
I love your assumption that I cannot admit to being wrong,
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Hey, these folks can play dress up all they want...but, we're just not going to tolerate biological men in women's restrooms and changing areas.
This is common sense stuff that has worked since...forever, not sure why they are trying to wreck women's rights in this and other areas they fought so hard for.....
Re: Democrat here and yeah that was my first thoug (Score:1)
Even this article says it's "mostly false" that abortion is the leading cause of death for African Americans, because it defines the abortion as a medical intervention, not a murder. They didn't update the article post-Roe, which is an interesting bias. https://www.politifact.com/fac... [politifact.com]
They're playing each state off one another (Score:2)
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How much does Texas take out of federal block grants for medicaid or whatever to use to further the police state?
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Texas did not expand Medicaid on the grounds that poor people deserve no health care. I do not know how much they steal from whatever Fed. Gov. expenditures they do get.
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when they fired them in Mass.
I didn't even know they had operations in Massachusetts.
(try "en masse")
Re:Democrat here and yeah that was my first though (Score:5, Funny)
when they fired them in Mass.
I didn't even know they had operations in Massachusetts.
I'm pretty sure it was that Larry was so insensitive as to require all of the staff to attend a Catholic church service on a Sunday morning to get fired.
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Do you ever research *anything* before running your mouth?
https://taxfoundation.org/rese... [taxfoundation.org]
Tennessee is a slight downgrade from Texas when it comes to taxes. If their goal was dodging taxes and nothing else, they'd have done far better by just going one state over.
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Based on comments from new york, chicago, californa, and other places it looks like that has been money well spent on send the legally, but lacking documentation, that biden has allowed in, to other locations. It has saved t
Re:Democrat here and yeah that was my first though (Score:5, Informative)
Your math needs some work. Monthly, Texas sees 5000-10000 illegal migrants crossing the border. We don't know how many they don't see and therefore cannot count. So let's take the 10000 as a likely total figure. times 12 months/year, times your 20 years. You want to pay $50k/year, and on average (over 20 years) you would pay that for 10 years. That is a lot more than $6 billion.
Ok, I'm being facetious, because I know you didn't really mean the number seriously. But: what is it about the word "illegal" that people like you don't get? There are legal ways to immigrant into any country. People attempting illegal entry need to be immediately and forcefully deported. It would be far more effective to stop them at the border in the first place.
Texas isn't "showboating" except in the sense that they are showing up the federal government's failures. While, at the same time, trying to stem the flood of illegal immigration.
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More effective to stop them at the border, maybe if you wanted to build a big stupid wall and stopped trade entirely. Here's why "fortifying" the border won't work:
https://www.npr.org/2024/04/22... [npr.org]
"The expected surge can be attributed not only to seasonal migration patterns, but an increase of people displaced by war, poverty, and climate factors in all continents."
Global warming, helped along massively by the U.S., is contributing to the border crossing. Will the R's will find a way t
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As a factor in migration, global warming doesn't move the needle off of zero. Failed politics in certain countries, leading to warfare, gangs, and poverty - that's what drives the stream of migrants.
The US is big, but even the US is not able to absorb an infinite number of migrants. Also, note the failure of countries all along the routes. The first photo in the NPR article you reference is of a stream of migrants, and is captioned as "border control" in Panama. Only - there is no "control" to be seen on
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It's texas. They moved from California to Texas so that they could get away from the regulations that required them to treat employees well when they fired them in Mass.
If they're moving to Tennessee it's probably just a tax Dodge. Texas has notoriously high taxes and they've probably started to shake down Oracle. The governor is spending literally billions of dollars showboating on the southern border and that money has to come from somewhere since it's not coming from the federal government... Seriously look it up they've spent something like 6 billion dollars mobilizing the national guard. You could take every single migrant for the next 20 years and pay him $50,000 a year to sit on their thumbs and you'd come out ahead
And this is how the "low tax state" bears fruit. It's a race to the bottom and there will always be a lower tax state willing to ignore the abuse of it's people in exchange for "winning" business by effectively giving them taxpayer money. The whole thing isn't sustainable.
What you want is a place where good workers want to live with an environment conducive to business (I.E. as few barriers as possible to maintain a competitive, fair and non abusive market).
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"...something like 6 billion dollars mobilizing the national guard. You could take every single migrant for the next 20 years and pay him $50,000 a year to sit on their thumbs and you'd come out ahead..."
More info...
1) Texas has no state income tax. And property taxes dropped a bit over the past couple of years. Hard to see any "unexpected" taxes.
2) US govt identified ~3,2 Million migrants last year. My guess is at least half were through Texas. BTW, these are only ones that govt identified, actual numbe
Re: Interesting (Score:1)
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Didn't want that company anyways.
Corruption (Score:5, Interesting)
The USA AFAIK is the only western country without a strong public healthcare system.
It typically costs Americans twice as much as other OECD countries for worse outcomes.
https://edition.cnn.com/2023/0... [cnn.com]
It a complex problem, but if you had to identify major causes, your complex private insurance system creates layers of inefficiency other countries don't have to bear.
Oracle probably has a HUGE cash cow in running these insurance databases and I can guarantee they will be in lockstep with insurers in lobbying for no change in the US healthcare system.
The problem is every time we try to reform (Score:5, Interesting)
But I mean damn when somebody is literally going to spend half a trillion dollars lobbying against something that's hard to beat. And fun fact if you're an American and you're reading this now you paid for that half trillion dollars with your health insurance premiums.
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The retirement age SHOULD be raised further than it is, to at least 70 and perhaps to 75. When the Social Security system was originally implemented, the retirement ages were set based on life expectancy of the period. You typically would only be spending a couple of years on Social Security before you died. Now people live much longer lives, they could spend 20 years or more drawing on services like Social Security and Medicare.
To make all of this worse, there used to be multiple working people supporting
Medical; The New Gold Rush. (Score:1)
Lets get down to the real here.
COVID eradicated HIPAA privacy protections in favor of mass hysteria profiteering, which both government and the Medical Industrial Complex gained handsomely from. Billionaire Daddy Database found flocking to the new Medical gold rush ripe for the picking to be sold to the Insurance Complex happily paying for it. All involved are Platinum members of the Donor Class ensuring corporate profits continue to be shat through a toilet plumbed in Ireland first, to rinse off any of t
They're moving there for the 1352 expert coders (Score:1)
Turns out their guitar cases [youtube.com] had laptops in them too, and they can code twice as good as you!
Healthcare (Score:2)
Tennessee sounds like it could use the help. They rank 45th in terms of health. https://www.local3news.com/loc... [local3news.com]
Similar rankings on education. https://www.knoxnews.com/story... [knoxnews.com]
Re:Healthcare (Score:5, Insightful)
Oracle is not going to TN to help.
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Oracle is not going to TN to help.
Unless TN needs some licences to be made a bit more confusing.
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1. Scroll down
2. Click the Accept button.
Reading licences is for nerds. NERDS, I tell ya.
In a past life I had to develop for Oracle and lemme tell ya... I strongly disliked every second of it.
Re:Healthcare (Score:4, Insightful)
Tennessee sounds like it could use the help. They rank 45th in terms of health. https://www.local3news.com/loc... [local3news.com]
Similar rankings on education. https://www.knoxnews.com/story... [knoxnews.com]
Of course! When the summary says "attract troves of health-care professionals" they don't mean doctors and nurses, they mean the armies of middlemen who simultaneously get between you and your doctor and suck money from the system that could be used to pay ACTUAL care providers. When they say "Nashville is an established health center" they mean a health industry LEECH center not a locus of quality healthcare.
Re: Healthcare (Score:2)
Electronic Health Records (Score:2)
We definitely believe you (Score:2)
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Lower taxes than Texas?
I guess anything is possible.
To be fair, they moved to Austin. Austin is in Texas, but is not really Texas.
I am a native Texan myself, and I tell people that if Texas could have a divorce with itself it would have kicked Austin to the curb years ago.
NOOO (Score:2)
Stay away. Don't move here.
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Stay away. Don't move here.
I hear you. Every time I hear about one of these companies from California or the East Coast moving to Austin it makes me grit my teeth. Now that they have done their best to ruin parts of Texas they are moving on to the next welcoming target.
Riiiight (Score:2)
Give me a break. Ellison's not going to live there. Buying anything from Oracle besides database engines is as smart as doing business with HCA. Run away.
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Give me a break. Ellison's not going to live there. Buying anything from Oracle besides database engines is as smart as doing business with HCA. Run away.
Give me a break. You trust them selling you a license to run their database engine? Oracle is a litigation company with a software side hustle. Just ask any former Oracle customer-turned-defendant. Not many companies can humblefuckbrag like they can.
I've heard tell... (Score:2)
...the devil likes it in Nashville, so this makes perfect sense.
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Georgia.
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Nobody likes Georgia :D. :D)
(I have never been to the USA, let alone Georgia
And TN is going to be sooo happy... (Score:2)
When they bring all the lower level staff there.
Who don't vote GOP.
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I'm sure some of them do. Tech has a lot of people with strong political beliefs, but they're not all Democrats. There are quite a few libertarians who often vote for Republicans. Executives vote more for republicans at these firms and I'm sure the company will put money into Republicans in the area.
Really? (Score:2)
"Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter."
So Oracle is mostly used by old people?
Did they really move Austin? (Score:2)
As someone pointed out above, the real Oracle HQ is Lanai Island in Hawaii. Calling any new office opening a "new HQ" is just tax abatement hyperbole.