Tim Draper

Mayor Reed Takes Meeting on Splitting California into Six States

Last month San Jose Mayor Chuck Reed met wit Tim Draper, a venture capitalist who wants to split California into six states.

San Jose Mayor Chuck Reed eats, sleeps and positively spits pension reform. He slammed through PR in San Jose with the help of voters in 2012, and while Measure B hasn’t accomplished everything he wanted, Reed’s doubled down with a proposed statewide measure (also being challenged in court). Getting the money to put a PR initiative on the state ballot takes beaucoup bucks, which is part of the reason Reed’s been speaking at conferences across the country the last year while rallying support from hedge-fund billionaires like Paul Singer and venture capitalist Michael Moritz. But the topic of one meeting the mayor took last month would dramatically alter his state pension plan.

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