https://www.cnbc.com/2018/09/14/the-real-reason-amazons-hq2-will-be-near-washington-dc.html
In early 2018 Amazon announced the 20 candidate cities that are being considered to locate its second headquarters, HQ2. Dallas, NYC, Denver, Austin, Chicago, LA, and Washington D.C. are just a few of the large cities on the list. The winner is promised to be revealed by the end of the year. The author of this article presumes that HQ2 will be built in Washington D.C. mainly based on the fact that Jeff Bezos, the founder and CEO of Amazon, recently bought a new house there. In 2013 he bought the Washington Post, so he already spends a lot of time there and having the headquarters in D.C. would allow him to fulfill both duties in the same trip. Of course, D.C checks all the required boxes needed in terms of business and the fact that Bezos lives there part-time is an extra bonus.
This article was published on Friday, September 14. If the author's hypothesis is right, this wouldn't be the first time a company's headquarters would be moved to where it's convenient for the CEO. Chipotle is moving its headquarters from Denver to Newport Beach, not because of the lower taxes or workforce, but because the new CEO, Brian Niccol, lives there. In the mid-1990s the Scott Paper Company, based in Philadelphia for over a century, moved to Boca Raton where its CEO and chairman, Al Dunlap, lived. It seems to be a common trend in the history of corporate relocations for CEOs to move companies close to their homes. Washington D.C. is a pretty convincing candidate so I guess we'll just have to wait and see if this city gets the jackpot.
No comments:
Post a Comment