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This article is in Fortune Magazine describing how close BofA was to moving headquarters to NY. Bob Kelly actually accepted the BofA CEO job on the condition that Bank of America would move HDQs to NYC. Apparently he backed out of the deal after a meeting with Obama... Fortune: BofA almost hired Bob Kelly, moved HQ to New York - Charlotte Business Journal
Some years ago Lowes Home Improvment moved most of its "corporate staff" to the Charlotte area. They built a brand new big shiny building here and everything, but insisted they were still going to maintain their headquarters in North Wilkesboro...sound familiar? Flash forward a few years and with no fanfare at all the headquaters address changed to Mooresville seemingly overnight. Long and short of it is people in Charlotte need to get over it. Bank of America built that big building up in NYC and apparently thats where all their heavy hitters are now anyway. Let's just go ahead and say the headquaters is gone and move on, because really it is gone.
Some years ago Lowes Home Improvment moved most of its "corporate staff" to the Charlotte area. They built a brand new big shiny building here and everything, but insisted they were still going to maintain their headquarters in North Wilkesboro...sound familiar? Flash forward a few years and with no fanfare at all the headquaters address changed to Mooresville seemingly overnight. Long and short of it is people in Charlotte need to get over it. Bank of America built that big building up in NYC and apparently thats where all their heavy hitters are now anyway. Let's just go ahead and say the headquaters is gone and move on, because really it is gone.
It's very careless to say that, especially when you consider the many businesses in Charlotte are still doing substantial business because they lend support to various operations of BofA corporate headquarters, like legal, intellectual property and technology management, and so forth, none of which would be calling the shots or utilizing Charlotte firms if the HQ were gone. Let's not put the cart before the horse. Management is still very much Charlotte-based.
It's very careless to say that, especially when you consider the many businesses in Charlotte are still doing substantial business because they lend support to various operations of BofA corporate headquarters, like legal, intellectual property and technology management, and so forth, none of which would be calling the shots or utilizing Charlotte firms if the HQ were gone. Let's not put the cart before the horse. Management is still very much Charlotte-based.
Not careless, just realistic. A bank the size of Bank of America doesn't use just "local" vendors to do work. They have key operations all over the country, actually all over the world. Hopefully you're not one of those people who think that a headquaters move would mean they'll relocate 15,000 people/jobs from Charlotte. Not going to happen. Look at Wells Fargo's continued presence here as an example of what a headquaters move would look like.
Not careless, just realistic. A bank the size of Bank of America doesn't use just "local" vendors to do work. They have key operations all over the country, actually all over the world. Hopefully you're not one of those people who think that a headquaters move would mean they'll relocate 15,000 people/jobs from Charlotte. Not going to happen. Look at Wells Fargo's continued presence here as an example of what a headquaters move would look like.
Exactly!!! However, there is the myth that being the HQ somehow means "Charlotte is 100% Bank of America" and will die once BofA leaves. This silly perception will cause hundreds of occupy "all streets" folks to camp out here during the DNC convention. I agree with the occupy movement. However, I don't wish to see my city become the scapegoat for a global problem. That said, I want BofA's HQ out of here before the convention.
I wonder what does BofA HQ really accomplish for Charlotte besides saying we're the number 2 banking center? Also BofA is no Nations Bank.
The truth is that Charlotteans (Hugh McColl Jr. and Ed Crutchfield) built these banks while building up center city Charlotte at the same time. We have yet another ambitious Charlottean here in Jim Rogers and our mayor. In short, Charlotteans were the "pimps"; and banking was our (you know what). As long as there's ambitious leaders here, Charlotte will always have an industry or two to bilk. So it seems, we're now bilking the state and feds for tax dollars (mass transit grants; Chiquita grants etc). Hey, whatever it takes. You GO CHARLOTTE!!!!
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