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CALIFORNIA BUSINESS MINUTE Loathing California 03-18-08
Hi, I am Tim Johnson and welcome to the California Business Minute.
Californias talent-hungry technology industry lured a record 115 master of business administration candidates from MIT's Sloan School of Management from Cambridge to the Silicon Valley in their annual job search this month.
The students were seeking their fortune not in Kendall Square or the Route 128 beltway, which have long staked their claims as American high-tech hubs, but in California's Bay Area.
Joyce Plotkin, president of the Massachusetts Technology Leadership Council, a trade group for software and tech businesses believes that Boston and the states culture does not value entrepreneurs the way California does. Historically, most of our companies are in the business-to-business market and to someone who's 20 something, it is more exciting to work at the consumer- oriented companies in California.
Northern California is home to more than 9,700 MIT alums, the largest concentration outside Boston, and the number has been rising every year. Last year, another 47 new MBAs - fully 16 percent of Sloan's graduating class of 2007 took up residence here,
I am Tim Johnson and this has been the California Business Minute.
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