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I don't know if Houston is a good example. It makes both of you guys points and disagrees With both.
He says the corporate office is where execs chill but the lower brass are elsewhere. In Houston the execs are here but also thousands of workers. In addition to housing many workers from companies headquartered there, it houses tens of thousands from companies such as ExxonMobil, shell, chevron, bp, who are not even headquartered there.
As for philanthropy, they do help build the city, but not the corporations themselves. Execs here prefer to donate in their name rather than the companies. Houston was built by donations from foundations by the Cullens, Browns, Morgans, Jones, Worthams, etc. Many buildings and places are named after these families rather than the company.
And yes, the donations create both direct and indirect benefit to the area. The Cullens donations to the university of Houston help educate the population and create new jobs. The Morgan's donations to parks help spur new development building up the city and this creating new jobs. Same people helped create the Texas Medical Center. William Rice left Money to build the most highly ranked university in the State.
Anyway, what I am saying is whether they are here or not, they still donate. But their presence is not invasive as you would believe. For such a corporate heavy metro ( both in headquarters and actually operations) Houston Doesn't have corporate names splashed on much.
I don't know if Houston is a good example. It makes both of you guys points and disagrees With both.
He says the corporate office is where execs chill but the lower brass are elsewhere. In Houston the execs are here but also thousands of workers. In addition to housing many workers from companies headquartered there, it houses tens of thousands from companies such as ExxonMobil, shell, chevron, bp, who are not even headquartered there.
As for philanthropy, they do help build the city, but not the corporations themselves. Execs here prefer to donate in their name rather than the companies. Houston was built by donations from foundations by the Cullens, Browns, Morgans, Jones, Worthams, etc. Many buildings and places are named after these families rather than the company.
And yes, the donations create both direct and indirect benefit to the area. The Cullens donations to the university of Houston help educate the population and create new jobs. The Morgan's donations to parks help spur new development building up the city and this creating new jobs. Same people helped create the Texas Medical Center. William Rice left Money to build the most highly ranked university in the State.
Anyway, what I am saying is whether they are here or not, they still donate. But their presence is not invasive as you would believe. For such a corporate heavy metro ( both in headquarters and actually operations) Houston Doesn't have corporate names splashed on much.
Well they were wrong anyway.
Most companies executives DO live in the city the company is headquartered in so thats just an incorrect assumption.
Also cities where these companies are located benefit greatly whether indirectly or direct by the money these executives receive from those companies.
Robert Woodruff and the Woodruff name are all over Atlanta because his money came from Coca Cola.
Ted Turner who founded CNN,Ann CoX Chambers of Cox Enterprises and the names of somewhose names are not used to glorify the projects there money has built
However they all got rich from their companies they headed because they lived in the city were the companies were headquartered.
Number of Companies with an Annual Profit of $1 Billion+
New York 38 companies
San Francisco 19 companies
Chicago 17 companies
Houston 11 companies
Minneapolis 11 companies
Washington DC 11 companies
Boston 8 companies
Dallas 6 companies
Los Angeles 6 companies
Atlanta 5 companies
Seattle 5 companies
Cincinnati 4 companies
Philadelphia 4 companies
Cleveland 3 companies
Columbus 3 companies
Detroit 3 companies
Greensboro 3 companies
Hartford 3 companies
Indianapolis 3 companies
Charlotte 2 companies
Louisville 2 companies
Memphis 2 companies
Nashville 2 companies
Oklahoma City 2 companies
Omaha 2 companies
Pittsburgh 2 companies
Portland 2 companies
Richmond 2 companies
St Louis 2 companies
San Antonio 2 companies
San Diego 2 companies
Combined Annual Profit New York $174.840 Billion
San Francisco $169.296 Billion<It's very interesting how large the Bay Area is in regards to corporate profit these days.
Dallas $47.109 Billion
Chicago $44.267 Billion
Washington DC $41.865 Billion
Houston $31.443 Billion
Seattle $29.385 Billion
Minneapolis $26.438 Billion
Omaha $25.052 Billion
Atlanta $20.212 Billion
Boston $19.806 Billion
Los Angeles $18.556 Billion
Cincinnati $16.378 Billion
Philadelphia $14.669 Billion
Hartford $10.363 Billion
San Diego $8.858 Billion
Detroit $8.286 Billion
San Antonio $7.040 Billion
Charlotte $6.716 Billion
Richmond $6.380 Billion
Indianapolis $6.370 Billion
Pittsburgh $6.286 Billion
Cleveland $4.774 Billion
Portland $4.470 Billion
St Louis $4.425 Billion
Columbus $3.936 Billion
Greensboro $4.386 Billion
Oklahoma City $3.524 Billion
Memphis $3.167 Billion
Nashville $2.940 Billion
Louisville $2.198 Billion
New York: 38 companies
JP Morgan Chase $21.762 Billion
Johnson & Johnson $16.323 Billion
GE $15.233 Billion
Verizon $9.625 Billion
Pfizer $9.135 Billion
Goldman Sachs Group $8.477 Billion
AIG $7.529 Billion
Philip Morris International $7.493 Billion
Citigroup $7,313 Billion
PepsiCo $6.513 Billion
MetLife $6.309 Billion
American Express $5.885 Billion
Twenty-First Century Fox $4.514 Billion
Honeywell International $4.239 Billion
MasterCard $3.617 Billion
CBS $2.959 Billion
Priceline Group $2.422 Billion
Viacom $2.391 Billion
Hess $2.317 Billion
Voya Financial $2.300 Billion
Colgate-Palmolive $2.180 Billion
Chubb $2.100 Billion
Time Warner Cable $2.031 Billion
Bristol-Myers Squibb $2.004 Billion
Celgene $2.000 Billion
PPL $1.737 Billion
Praxair $1.694 Billion
New York Life Insurance $1.602 Billion
Blackstone Group $1.585 Billion
Public Service Enterprise Group $1.518 Billion
ADP $1.516 Billion
Marsh & McLennan $1.465 Billion
Cognizant Technology Solutions $1.439 Billion
Estee Lauder $1.204 Billion
Becton Dickinson $1.185 Billion
CIT Group $1.130 Billion
Consolidated Edison $1.092 Billion
Bed Bath and Beyond $1.002 Billion
San Francisco: 19 companies
Apple $39.510 Billion
Wells Fargo $23.057 Billion
Chevron $19.241 Billion
Google $14.444 Billion
Gilead Sciences $12.101 Billion
Intel $11.704 Billion
Oracle $10.955 Billion
Cisco Systems $7.583 Billion
Yahoo $7.522 Billion
Visa $5.438 Billion
HP $5.013 Billion
Facebook $2.940 Billion
Franklin Resources $2.384 Billion
PG&E $1.436 Billion
Charles Schwab $1.321 Billion
McKesson $1.263 Billion
Gap $1.262 Billion
Applied Materials $1.070 Billion
SanDisk $1.007 Billion
Houston: 11 companies
ConocoPhillips $6.869 Billion
Phillips 66 $4.782 Billion
Haliburton $3.500 Billion
Marathon Oil $3.046 Billion
EOG $2.916 Billion
Enterprise Products Partners $2.787 Billion
National Oilwell Varco $2.502 Billion
Baker Hughes $1.719 Billion
Noble Energy $1.214 Billion
Spectra Energy $1.082 Billion
Kinder Morgan $1.026 Billion
Minneapolis: 11 companies
US Bancorp $5.851 Billion
UnitedHealth Group $5.619 Billion
3M $4.956 Billion
General Mills $1.824 Billion
Ameriprise Financial $1.619 Billion
Best Buy $1.233 Billion
Ecolab $1.203 Billion
CHS $1.081 Billion
Mosaic $1.029 Billion
Xcel Energy $1.021 Billion
St Jud Medical $1.002 Billion
Washington DC: 11 companies
Fannie Mae $14.208 Billion
Freddie Mac $7.690 Billion
Capital One Financial $4.428 Billion
Lockheed Martin $3.614 Billion
Danaher $2.598 Billion
General Dynamics $2.533 Billion
Northrop Grumman $2.069 Billion
Graham Holdings $1.294 Billion
T. Rowe Price $1.230 Billion
Discovery Communications $1.139 Billion
Gannett $1.062 Billion
Boston: 8 companies
CVS Health $4.644 Billion
Biogen $2.935 Billion
EMC $2.714 Billion
Raytheon $2.244 Billion
TJX $2.215 Billion
Thermo Fisher Scientific $1.894 Billion
Liberty Mutual Insurance Group $1.833 Billion
Massachusetts Mutual Life Insurance $1.327 Billion
Dallas: 6 companies
Exxon Mobil $32.520 Billion
AT&T $6.224 Billion
American Airlines Group $2.882 Billion
Texas Instruments $2.821 Billion
Kimberly-Clark $1.526 Billion
Southwest Airlines $1.136 Billion
Los Angeles: 6 companies
Disney $7.501 Billion
Amgen $5.158 Billion
Western Digital $1.617 Billion
Edison International $1.612 Billion
Allergan $1.524 Billion
Public Storage $1.144 Billion
16 US Corporations have profits at 10B or greater.
2015 Fortune 500 Companies with $10 Billion+ Profit
San Francisco: 7 companies, $131.012 Billion Profit
Apple $39.510 Billion
Wells Fargo $23.057 Billion
Chevron $19.241 Billion
Google $14.444 Billion
Gilead Sciences $12.101 Billion
Intel $11.704 Billion
Oracle $10.955 Billion
4(Wells Fargo, Chevron, Gilead Sciences and Oracle) in the San Francisco MSA, 3(Apple, Google and Intel) in the San Jose MSA
New York: 3 companies, $53.318 Billion Profit
JP Morgan Chase $21.762 Billion
Johnson & Johnson $16.323 Billion
GE $15.233 Billion
2(JP Morgan Chase and Johnson & Johnson) in the NY MSA, 1(GE) in the Bridgeport MSA
Bentonville, Arkansas
Wal Mart $16.323 Billion
Cincinnati
Proctor & Gamble $11.643 Billion
Dallas
Exxon Mobil $32.520 Billion
Omaha
Berkshire Hathaway $19.872 Billion
Seattle
Microsoft $22.074 Billion
Washington DC
Fannie Mae $14.208 Billion
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