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Message: [QUOTE="DarthGrumpy, post: 4730862, member: 2141"] No, it's really hard to move one's headquarters successfully and too often its driven by the ego of a CEO instead of a sound business decision. GE's move to Boston didn't work out well. Mass also bragged about getting the HQ for the combined Raytheon/UTC merger in 2020 only for the 'new' RTC to move it's HQ to Arlington VA (DC) in 2022. Bretolini was so mad that he received push-back trying to move Aetna's HQ to NYC (Chelsea) in 2018, which was near his home, to a more dynamic (and exponentially more expensive for most employees) environment than Hartford, he orchestrated Aetna’s sale to CVS and promptly retired (he’s now the CEO of Oscar Health, which is based in NYC). My favorite was when Frissora moved Hertz's headquarters from the North Jersey suburbs to Florida (along with Thrifty, which Hertz just bought and was HQ'd in Tulsa) in 2012 citing lower taxes, tax incentives ($84 million from Florida) and key tourists markets in Orlando and Miami. So, it was shock to many when it was announced that it's new headquarters would be in Estero, which is a small town between Ft. Myers and Naples. Naples just happened to be where Frissora was already living in a luxury high-rise condo on the beach and 'commuting' to Jersey for work. For some reason, most of the senior leadership and mid-level management teams did not relocate with him and that loss was cited as a contributing factor to Hertz’s financial and operational issues that culminated in 2020 with a bankruptcy filing, which also wiped-out Florida’s investment. [/QUOTE]

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