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The Twin Cities have a really unexpectedly high number. Why is that?
The Twin Cities would have had 20 if it weren't for Northwest Airlines merging with Delta and Travelers's CEO (who lives in NYC) changing the corporate address from St. Paul to New York City on the SEC filing.
Anyway, some of it has to do with having a highly educated population base and being able to attract educated people/families.
The Twin Cities would have had 20 if it weren't for Northwest Airlines merging with Delta and Travelers's CEO (who lives in NYC) changing the corporate address from St. Paul to New York City on the SEC filing.
Anyway, some of it has to do with having a highly educated population base and being able to attract educated people/families.
Wells Fargo was bought by Minneapolis-based NorWest Financial about
10 years ago but instead of staying there, they took WFs name because its more famous and then moved their HQ to SF(where WF is from originally).
We did however lose Bank of America when NationsBank bought BofA and took its name and HQ to Charlotte.
I was working for BofA at the time and was transferred to Charlotte but after 3 months I'd had enough(not of Charlotte but the internal corporate culture at BofA's HQ) and took a job with JPMorganChase at their West Coast HQ back in SF.
Amazing how many are in one sector. They are like groupies.
Yep, looking at this list I can see why Houston is called the energy capital of the world. Hopefully they can keep up with advances in the energy sector.
Most investors (and workers) prefer to judge companies based upon profits or stock market value of company
Would rather consider a map of regions where >$50Bn (market value) or >$100Bn companies are HQ'd
IIRC, if one looks at >$100Bn HQ clusters, SiliconValley has ~8 companies; NYC region (incl CT/NJ/NY) has ~5....Chic and LA have zero such companies; Dallas has two (Exxon and AT&T); Hou has zero; Seattle has one (Microsoft)
And often amusing is how few of the most valuable companies are HQ'd in any city itself; I'd guess 90+% have chosen to locate in some suburban office campus convenient to where their top executives reside
Most investors (and workers) prefer to judge companies based upon profits or stock market value of company
Would rather consider a map of regions where >$50Bn (market value) or >$100Bn companies are HQ'd
IIRC, if one looks at >$100Bn HQ clusters, SiliconValley has ~8 companies; NYC region (incl CT/NJ/NY) has ~5....Chic and LA have zero such companies; Dallas has two (Exxon and AT&T); Hou has zero; Seattle has one (Microsoft)
And often amusing is how few of the most valuable companies are HQ'd in any city itself; I'd guess 90+% have chosen to locate in some suburban office campus convenient to where their top executives reside
Actually, there are only 2 >$100Bn companies HQ'd in the Bay Area. NYC has 4.
And regarding >$50Bn-$100Bn companies; NYC has 9 and SF has 2. Houston does have one too: ConocoPhillips which is >100Bn dollar corporation and also amongst the most profitable (ranked #5 in profits I believe).
Last edited by Americanboy; 08-01-2009 at 02:51 PM..
IIRC, if one looks at >$100Bn HQ clusters, SiliconValley has ~8 companies; NYC region (incl CT/NJ/NY) has ~5....Chic and LA have zero such companies; Dallas has two (Exxon and AT&T); Hou has zero; Seattle has one (Microsoft)
Actually, there are only 2 >$100Bn companies HQ'd in the Bay Area. NYC has 3.
And regarding >$50Bn-$100Bn companies;
NYC: 10
SF: 2
The Bay Area has 3 of the 16 american companies with revenue over $100B.
Chevron, HP and McKesson
And Greater NY has 5, not 10.
GE, Citigroup, IBM, JPMorganChase and Verizon.
And HSW isnt talking about revenue, he's talking about Market Capitalization, what the company is actually worth.
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