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Yes, certainly into NYC. New York City is the shining star of the Northeast and would probably serve better as a city-state since it's the world's #1 economic and corporate powerhouse. That will not change in our lifetime.
All three moves were simply the desire of CEO to live in NYC. NYC has the highest taxes in the U.S. but still captures by far the largest bulk of super-rich in this country (the world, actually), because there is an allure about NYC -- it's an iconic, glamorous and popular city and executives are willing to put up with the taxes just so they can live there. No way would they put up with the extreme high cost of living if they were located in any other city. New Jersey doesn't have that allure so I can certainly see why large corporations leave there. NYC-type elitists will never move to icky and hicky places like Atlanta or Charlotte.
Bank of America tested that once in 2008-2009 relocated many upper management Merill Lynch employees to Charlotte and they all fled back because it they found it so awful and wanted to go back to NYC.
That's not a real park. A park is somewhere you can hike around for a couple of miles and not see another soul, not hear cars on the Southern State roar by. Plus, in the summer such a small area is probably packed and you have to pay a fee to get in there.
Says you. You know what they say about opinions.....
Of course if I was Steve Jobs or Oprah Winfrey I would rather live in nyc than charlotte. But as a middle class person, charlotte would win hands down.
If you were Steve Jobs, you'd be dead.
Speaking of things that are deceased.... this topic for instance.
Having lived near, but not in Charlotte, I can say it is a great city. Close enough, yet far enough. Nice people, it was just missing a beach for me, and as far as I can tell, there is still no way of importing the ocean to Charlotte.
Having lived near, but not in Charlotte, I can say it is a great city. Close enough, yet far enough. Nice people, it was just missing a beach for me, and as far as I can tell, there is still no way of importing the ocean to Charlotte.
On Long Island, how many times does the average person go to the beach? 3-5x a year? In Charlotte, you can drive to the outer banks and make long weekend out of it with the $10,000 that you saved in property taxes in your pocket.
In Charlotte, you can drive to the outer banks and make long weekend out of it with the $10,000 that you saved in property taxes in your pocket.
Or flush it down the toilet if you like, at any rate it's your's to do with as you please. Better than going into that cesspool of corruption which is New York's state and local governments.
On Long Island, how many times does the average person go to the beach? 3-5x a year? In Charlotte, you can drive to the outer banks and make long weekend out of it with the $10,000 that you saved in property taxes in your pocket.
My family and friends were pretty average and we'd be at the beach at least three times a week. Nothing beat grilling and chilling at the beach after work. These days when I hit the beach it's when we rent a place on the beach which was something that was tough to do on the Island.
I read the AB article and this is what stood out to me:
In the case of AB, it's about being closer and having easier access to other sectors with which it interacts
CNN's move is part of a larger consolidation by its parent company, Time Warner -- which is already in NYC. It appears that they are waiting on the Harbor Yards project to be built. Given politicians desire to look as though they attract jobs, one would have to think that a sweet heart tax deal was made somewhere in this scenario. Time Warner to sell HQ for $1.3 billion - Jan. 16, 2014
Yup, and with AB, CNN and Caddy they are all hurting regarding sales, so these moves make sense.
Bank of America is having a culture war going on.
One thing to keep in mind is how fast, easy and frequently a company can move their HQ and often do so for reasons that a sometimes almost trivial.
Yup, and with AB, CNN and Caddy they are all hurting regarding sales, so these moves make sense.
Bank of America is having a culture war going on.
One thing to keep in mind is how fast, easy and frequently a company can move their HQ and often do so for reasons that a sometimes almost trivial.
But it also illustrates that location does matter, despite the tax situation. Just because it's cheap in the south dosent mean it always makes good business sense to move there.
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