CKE Mulls Move to Texas

CKE Restaurants— based in Carpinteria and parent company of Carl’s Jr.—announced this week that it may move its headquarters to Texas. The decision, reports the Pacfific Coast Business Times, would mean going back on a promise CKE executives made to their South Coast employees before it sold to a private equity from for $1 billion last year. CEO Andrew Puzder, during an interview with a Texas news station, said that it is “easier to open a restaurant in Shanghai than in California” and that he was looking forward to a 10 percent pay raise because Texas has no income tax.