Well, if you look back, in almost two and a half years, the biggest change probably was in late 2000 when we decided to totally change the CA business model.
Sentiment: NEGATIVE
Well, California used to be in the dream-making business, and unfortunately what's happened I think we're now in the dream-breaking business.
We have believed at CA that consolidation of this industry is something that was required ten years ago.
For years and years, people would say, 'The business is changing.' And I would say, 'The business is not changing. It's exactly the same as it was in the '70s, the '80s and the '90s.' But all of a sudden, the business changed, and it really did change.
There is so much uncertainty out there, and the government in Washington doesn't seem to get it. What's needed is a new business environment.
When I started in the business in 1999 and 2000, we had companies that were going public in two, three or four years.
No matter what business you are in, there is change, and it's happening pretty quickly.
The truth is in California you can't build a new manufacturing facility, and businesses are leaving in droves because of bad government policy.
The business has changed greatly since my day.
Business is constantly changing, constantly evolving.
There's no question that California, in the last three or four years, has been privileged to add disproportionately to the economic growth of America, and to contribute to its technological productivity.