Fortune 500, 2015 by Combined Statistical Area (CSA)/Metropolitan Statistical Area (MSA) (largest, America)
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Well he picked one example of an executive that never lived in Atlanta to begin with.I was trying to explain to him that Jeff Zucker worked for NBCUniversal so he was already in NYC.Not to mention its CNN is owned by another company whose headquarters are in NYC>
I don't know of not one other CEO or top executives he thinks don't live in the city of Atlanta.CNN is the exception rather than the rule.
Well he picked one example of an executive that never lived in Atlanta to begin with.I was trying to explain to him that Jeff Zucker worked for NBCUniversal so he was already in NYC.Not to mention its CNN is owned by another company whose headquarters are in NYC>
I don't know of not one other CEO or top executives he thinks don't live in the city of Atlanta.CNN is the exception rather than the rule.
I'm not sure why anyone would even imply that people are fleeing Atlanta when it is still one of the fastest growing areas in the country. And how arrogant to assume that "most" people (including CEOs) have an overwhelming desire to live in NYC. Not everyone, or even most everyone, wants to live there OR THEY WOULD LIVE THERE. LOL!
Well he picked one example of an executive that never lived in Atlanta to begin with.I was trying to explain to him that Jeff Zucker worked for NBCUniversal so he was already in NYC.Not to mention its CNN is owned by another company whose headquarters are in NYC>
I don't know of not one other CEO or top executives he thinks don't live in the city of Atlanta.CNN is the exception rather than the rule.
It is a general the rule that CEOs live where their subsidiaries are based. For example, News Corp owns 21st Century Fox. Where does the CEO 21st Century Fox live? Los Angeles. CNN seems to be an exception. From what I read, Jeff Zucker actually did live in Atlanta, then left. He left because Atlanta obviously doesn't offer the same alluring, prestigious, execuive-oriented lifestyle as New York and it was a shocking step-down from what he was used to. Not only did he leave, he yanked CNN's top anchors and top executives from Atlanta on his way out, and they happily obliged.
Well, at least that's what I picked up from the top anchor's happy tweet...
But I digress. Although it seems the Atlanta newspaper is seeing red over the shift:
Quote:
The power base in terms of the thought leaders and decision makers has shifted almost completely to New York. Jeff Zucker’s arrival as president last year has only hastened the inevitable.
Because many of the executives don't even live in Atlanta.
For example, CNN. The CEO, executives and the top anchors have all fled Atlanta and moved to New York in the past few years, but the official headquarters still remains Atlanta (for now), for costs savings I presume.
Sometimes CEOs move corporations just because they want to live somewhere (i.e. Anheuser Busch and Cadillac recently moved to Manhattan just because their CEOs wanted to live there), but it doesn't make much sense imo. Once you're an executive, it's easy to leave the corporation in a low-tax place and just commute from where you really want to live to headquarters w/ jet.
One other thing.The majority of CNN functions are still in Atlanta.CNN International,CNNEsppanol,and HLN are still based in Atlanta as well as the majority of its employees.
And the board has to vote on weather you can move a F500 company.Cadillac moved for re branding reasons.They needed to be away from the rest of GM.
Annheiser Busch is NOT headquartered in NYC.It still in St.Louis.Its parent company InBev is Belgium-Brazilian its North American Headquarters is in NYC.
Some of Annheiser-Busch functions like marketing and sales are in NYC
It's generally the rule that CEOs live where their subsidiaries are based. For example, News Corp owns 21st Century Fox. Where does the CEO 21st Century Fox live? Los Angeles. Not in this case..he refused to live in Atlanta and even went ahead and shifted the top talent and top executives from Atlanta and moved them to New York.
Even the yours newspaper is up in flames about that.
Are you listening?CNN owned by Time Warner which is headquartered in NYC.
CNN is NOT one the F500.Time Warner is.
Name one other company wholly owned F500 based in Atlanta where the CEO lives else where.
Turner Broadcasting which is the original parent before the acquisition is still headquartered in Atlanta.
The Cartoon Network,True TV,etc still in Atlanta.
The studios where they produce shows are right here in Atlanta.
[IMG]just because they want to live somewhere (i.e. Anheuser Busch and Cadillac recently moved to Manhattan just because their CEOs wanted to live there),[/IMG]
It's generally the rule that CEOs live where their subsidiaries are based. For example, News Corp owns 21st Century Fox. Where does the CEO 21st Century Fox live? Los Angeles. CNN seems to be an exception. Jeff Zucker did live in Atlanta, then left. He left because Atlanta obviously doesn't offer the same alluring, prestigious, execuive-oriented lifestyle as New York and it was a shocking step-down from what he was used to. Not only did he leave, he yanked CNN's top and top executives from Atlanta on his way out.
Even the your newspaper is up in flames about that.
It's awfully big of you to assume someone else's reasons for relocating. You don't have any idea why he moved from Atlanta to NYC - you are not in his head and if he made the statements that you posted above then post a link, please.
It is a general the rule that CEOs live where their subsidiaries are based. For example, News Corp owns 21st Century Fox. Where does the CEO 21st Century Fox live? Los Angeles. CNN seems to be an exception. From what I read, Jeff Zucker actually did live in Atlanta, then left. He left because Atlanta obviously doesn't offer the same alluring, prestigious, execuive-oriented lifestyle as New York and it was a shocking step-down from what he was used to. Not only did he leave, he yanked CNN's top and top executives from Atlanta on his way out.
Jeff Zucker from the begging said he would not be living in Atlanta,When he stayed he was here enough to move operations.
You trying to prove an issue that has no merit based on one executive of a company that is fully owned by another company headquartered in another city.
You have yet to give other examples of other F500 companies because you know that was all your incorrect assumption.
Invesco is the parent company of the New York Stock Exchange.Its headquartered in Atlanta and the CEO lives in Atlanta
In November 2007, Invesco moved its headquarters from London to Atlanta.
Quote:
Q: Why does Invesco maintain its headquarters in Atlanta? It is a tremendous place to have a headquarters. When you think of an organization like ours, what is the most important thing, and it’s having high-quality individuals. Again, around Atlanta you have Georgia Tech, Emory, Georgia State, University of Georgia and Kennesaw State, and we hire a lot of people from all of them. You fundamentally have a talent pool here. Secondly, you can attract talent from around the world. It’s a very livable place. People love to live in Atlanta. It’s dynamic. It has a great art community, a great business community, cost of living is a fraction of some of the major cities around the world. And also again, the transportation ability to get around the country and the world is really strong here. It’s a very attractive place. I think you have to give a lot of credit to Mayor Reed and what he has done for the city. He has put financial stability in place and at the same time he has driven down crime rates, he’s increased the number of parks, he has just done a tremendous job for the city.
It's awfully big of you to assume someone else's reasons for relocating. You don't have any idea why he moved from Atlanta to NYC - you are not in his head and if he made the statements that you posted above then post a link, please.
Just like he was wrong about Cadillac and Annheiser Busch
Just like he was wrong about Cadillac and Annheiser Busch
Wrong?
Quote:
General Motors has insisted that moving Cadillac's headquarters from Detroit to New York is a strategic move, but a Michigan economic development official said Thursday it is driven by Cadillac top executive's desire to live in the Big Apple.
Im not saying he did not want to live in NYC because he could have moved it ANYWHERE.No where in America is a car city BUT Detroit.
However there was a need to move the company and he choose NYC because he wanted to be there
When a new excutive is chosen he has the right to demand what he wants as a condition of hiring.However all the other execs lived in Detroit where GM STILL is.
GM OWNS Cadillac
Oh and what abut Annheiser Busch?Yes.WRONG
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I'm not sure why anyone would even imply that people are fleeing Atlanta when it is still one of the fastest growing areas in the country. And how arrogant to assume that "most" people (including CEOs) have an overwhelming desire to live in NYC. Not everyone, or even most everyone, wants to live there OR THEY WOULD LIVE THERE. LOL!
