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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.
Not true.CNN is not a good example because although it was founded and headquartered in Atlanta,it is now owned by Time Warner for the last 15 years at least.
Those executives are a part of a larger company headquartered in NYC.
Most executives DO live in Atlanta.Its not even a question.
Just drive around and hang out in Buckhead and Alpharetta and you will easily see what i mean.
They live like kings.Nicer weather less personal income taxes and great air connectivity.
Not true.CNN is not a good example because although it was founded and headquartered in Atlanta,it is now owned by Time Warner for the last 15 years at least.
Those executives are a part of a larger company headquartered in NYC.
Most executives DO live in Atlanta.Its not even a question.
Just drive around and hang out in Buckhead and Alpharetta and you will easily see what i mean.
They live like kings.Nicer weather less personal income taxes and great air connectivity.
What do you mean it's not true? The big CNN anchors are no longer in Atlanta. The CEO is no longer in Atlanta. They moved to New York. I'm sure Buckhead is nice for its location, but it can't be compared to New York as real-estate values show. The number of high-flying executives who would chose to live in Atlanta over New York, the world's capital of executives, is minuscule.
Atlanta has always been an odd location for CNN anyway. Almost all of the main media corporations are located in NYC. It is the media capital of the world so it's not surprising they moved most of their main anchors to NYC to be closer to the center of the industry.
The cheaper taxes and pro-business environment is probably what's keeping their headquarters in Atlanta even though it's almost in name only. Also, Ted Turner.
What do you mean it's not true? The big CNN anchors are no longer in Atlanta. The CEO is no longer in Atlanta. They moved to New York. I'm sure Buckhead is nice for its location, but it can't be compared to New York as real-estate values show. The number of high-flying executives who would chose to live in Atlanta over New York, the world's capital of executives, is minuscule.
The CEO of CNN lived in NYC from the beginning,Jeff Zucker.All previous ones lived in Atlanta.
I was not comparing it to NYC but these companies are based and founded in Atlanta.Most did not move here and those who did are fully in Atlanta including the majority of the executives.
Quote:
Atlanta-based CNN Worldwide will be veering back toward its journalistic roots with the naming of Jeff Zucker, the former president of NBCUniversal, as its new president.
But one major difference is that for the first time ever the president of CNN will not be based in Atlanta.
CNN is owned by Time Warner now,It is based in NYC.
They have no need to live in NYC unless they want to.
Im saying you are wrong if you think these companies are keeping there top executives hundreds of miles away from the companys main headquarters UNLESS they are wholly owned by someone else in another city like CNN.
Atlanta has always been an odd location for CNN anyway. Almost all of the main media corporations are located in NYC. It is the media capital of the world so it's not surprising they moved most of their main anchors to NYC to be closer to the center of the industry.
The cheaper taxes and pro-business environment is probably what's keeping their headquarters in Atlanta even though it's almost in name only. Also, Ted Turner.
Since it ws founded in Atlanta CNN has flourished,It only started waning when Time Warner bought them So Im not a believer that it is a necessity more than a want by the top executive to move it,
For a state with so many big metro it's surprising that Houston with only a quarter of the population has over half the number of f 500 companies.
What other metro are in a similar position? Miami maybe? It looks like the Ohio metro even share the companies.
Houston has a good number of these companies. Miami maybe, though Florida, even though they have a pretty high population, doesn't have that many companies on the lists proportionally. Unlike Texas who has the most of any state in the country.
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.
New York - 123
Chicago - 61
Houston - 56
Dallas - 41
Los Angeles - 35
San Jose - 31
Atlanta - 30
Washington DC - 29
San Francisco - 27
Philadelphia - 26
Boston - 24
Denver - 23
Minneapolis - 23
St. Louis - 19
Detroit - 18
Bridgeport, CT - 16
Charlotte - 16
Phoenix - 16
Columbus, OH - 15
Seattle - 15
Cincinnati - 14
Cleveland - 14
Miami - 13
Milwaukee - 13
Pittsburgh - 13
Nashville - 10
Omaha - 10
Richmond, VA - 10
Indianapolis - 9
Kansas City - 9
Las Vegas - 8
Tulsa - 8
Baltimore - 7
Providence - 7
Tampa - 7
Harrisburg, PA - 6
Oklahoma City - 6
Portland - 6
San Antonio - 6
Birmingham - 5
Hartford, CT - 5
Memphis - 5
Toledo - 5
Greensboro/Winston-Salem - 8
*Oh my bad...MSA.
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