The corporate campus of Vivint Inc., among North America’s largest home-automation companies, rises up on the outskirts of Provo, Utah, a handsome sprawl of glass and gleaming white metal set against the snow-capped Wasatch Mountains.
Dec. 11 (Bloomberg) –- David Crane, a public-policy lecturer at Stanford University who worked as an economic adviser to former Republican Governor Arnold Schwarzenegger, talks with Bloomberg's Mark Niquette about the pay packages of California's public employees. Payroll data compiled by Bloomberg on 1.4 million public employees in the 12 most-populous states show that California has set a pattern for lax management, inefficient operations and out-of-control costs. (Source: Bloomberg)
Nine years ago, California Democrat Gray Davis became the first U.S. governor in 82 years to be recalled by voters. The state’s 20 million taxpayers still bear the cost of his four years and 10 months on the job.