Oracle Is Moving Its World Headquarters To Nashville (cnbc.com)
- Reference: 0173621242
- News link: https://developers.slashdot.org/story/24/04/23/2234216/oracle-is-moving-its-world-headquarters-to-nashville
- Source link: https://www.cnbc.com/2024/04/23/oracle-is-moving-its-world-hq-to-nashville.html
> 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.
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> 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 [2]The Tennessean . "Our people love it here, and we think it's the center of our future," Ellison said.
[1] https://www.cnbc.com/2024/04/23/oracle-is-moving-its-world-hq-to-nashville.html
[2] https://www.tennessean.com/story/news/2021/06/02/oracle-nashville-riverfront-development/7513883002/
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.
[1]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.
[1] https://edition.cnn.com/2023/01/31/health/us-health-care-spending-global-perspective/index.html
The problem is every time we try to reform (Score:3)
Private health insurance just spends half a trillion dollars scaring our old people with death panel talk, even as they're running active death panels deciding who lives and who dies. They do keep pushing the retirement age up and they've pushed it above and beyond what it can reasonably be so it's possible that will eventually bite them in the ass because old people won't be able to kid themselves if they'll make it into Medicaid. But the real problem is you have to convince people over 55 that healthcare
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 [1]guitar cases [youtube.com] had laptops in them too, and they can code twice as good as you!
[1] https://www.youtube.com/watch?v=9ZqgFyj5uTo
Healthcare (Score:2)
Tennessee sounds like it could use the help. They rank 45th in terms of health. [1]https://www.local3news.com/loc... [local3news.com]
Similar rankings on education. [2]https://www.knoxnews.com/story... [knoxnews.com]
[1] https://www.local3news.com/local-news/forbes-ranked-tn-45th-in-overall-health-report-highlights-need-for-improvement/article_6999c1dc-9bec-11ed-ad44-571551c8dfc1.html
[2] https://www.knoxnews.com/story/news/education/2017/01/24/tennessee-eighth-least-educated-state-in-america-no-43/96992168/
Re:Healthcare (Score:4, Insightful)
Oracle is not going to TN to help.
Re: (Score:2)
> Tennessee sounds like it could use the help. They rank 45th in terms of health. [1]https://www.local3news.com/loc... [local3news.com]
> Similar rankings on education. [2]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.
[1] https://www.local3news.com/local-news/forbes-ranked-tn-45th-in-overall-health-report-highlights-need-for-improvement/article_6999c1dc-9bec-11ed-ad44-571551c8dfc1.html
[2] https://www.knoxnews.com/story/news/education/2017/01/24/tennessee-eighth-least-educated-state-in-america-no-43/96992168/
Re: Healthcare (Score:2)
So you think the whole concept of electronic heath records detracts from the doctor patient relationship?
We definitely believe you (Score:2)
I'm sure it has nothing to do with tax breaks/incentives, lower corporate tax rates, or anything else that allows them to treat their employees like trash.
Re: (Score:3)
Lower taxes than Texas? I guess anything is possible.
NOOO (Score:2)
Stay away. Don't move here.
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.
Re:Interesting - Austin (Score:2)
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.
Re: (Score:3)
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:4, Insightful)
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
Re: (Score:3)
> If they're moving to Tennessee it's probably just a tax Dodge.
And tax breaks in TN. From the TFA ( [1]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.
[1] https://www.tennessean.com/story/news/2021/06/02/oracle-nashville-riverfront-development/7513883002/
Re: (Score:2)
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
Doesn't that completely defeat the purpose? (Score:2)
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
They're playing each state off one another (Score:2)
It's the kind of thing Karl Marx predicted would happen but all anyone can remember about him is that a couple of tin pot dictators borrowed his books for rhetoric.
Re: (Score:2)
How much does Texas take out of federal block grants for medicaid or whatever to use to further the police state?
Re:Democrat here and yeah that was my first though (Score:4, Informative)
> when they fired them in Mass.
I didn't even know they had operations in Massachusetts.
(try "en masse")
Re: (Score:1)
Do you ever research *anything* before running your mouth?
[1]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.
[1] https://taxfoundation.org/research/all/state/2024-state-business-tax-climate-index/
Re: Interesting (Score:1)
Texas!
Re: (Score:2)
Didn't want that company anyways.