patrick.net
An Antidote to Corporate Media
1,365,174 comments by 15,735 users - rocketjoe79, WookieMan online now
« First « Previous Comments 36 - 36 of 36 Search these comments
He spent $50 million on a lakeshore estate and started a Nevada property-development business. What’s more, by taking a big chunk of his wealth to Nevada, Mr. Duffield expected to save millions on taxes.
Have you followed up on this guy since 2006? How'd his property investment business go? I have seen other people like him who were executives in huge tech companies who are getting their properties foreclosed and are filing for bankruptcy too. Lots of them thought they'd invest in property during the real estate boom!
Also, keep reading:
Now Mr. Duffield works in Walnut Creek, Calif. -- within 10 miles of PeopleSoft's old offices -- seeking customers for Workday Inc., a business-software firm with about 60 employees. He is negotiating to build a new home in Alamo, Calif., near his new offices. Incline Village now is just a summer vacation home. "The winters were too cold for us anyway," Mr. Duffield said.
HE MOVED BACK! If you read the tenure of the article, it also sounds like he was playing residency tricks -- e.g. staying in California while pretending his residence was in Nevada. It's not clear he ever really moved to Nevada.
« First « Previous Comments 36 - 36 of 36 Search these comments
Almost. Classic bay area bubble. Someone made a killing, someone got killed. Or did they just 'walk away'.
Apr 12, 2011 Price Changed $499,000 -- gone pending
Mar 23, 2011 Listed (Active) $529,000 -- Inactive MLSListings #1
Nov 24, 2004 Sold (Public Records) $770,000 19.2%/yr Public Records
Jun 13, 1996 Sold (Public Records) $175,000 11.3%/yr Public Records
Apr 28, 1995 Sold (Public Records) $155,000 -- Public Records
http://www.redfin.com/CA/San-Jose/825-N-2nd-St-95112/home/1304865