Leon Panetta thinks the California dream has turned into a nightmare

California is poised to face a growing exodus of companies unless fast action is taken, warns Leon Panetta, co-founder of The Panetta Institute for Public Policy and a board member at Oracle Corp. “The California dream is in deep trouble,” said Panetta, a former longtime California congressman, who later served as Office of Management and Budget director and White House chief of staff under Bill Clinton and CIA director and Defense secretary under Barack Obama.  “It’s critical that the…