[marothisu]

Originally Posted by thegoatman

People on the reddit thread, Twitter, and even on here are coping hard acting like this is a good thing lmao. 3 fortune 500 companies left in what, a single month? Terrible. Boeing, Caterpillar, and now Citadel. We got Kellogg's, but they're not moving anybody here. Pritzker, Lightfoot, and the rest of the state's/city's politicians should be enraged right now and should immediately start taking action to stop this exodus. Citadel was major for Chicago as a financial hub.

Not to be too technical, but Citadel is not a F500 company. Their revenue would put them barely in the F500 were they public - maybe in the 480s or 490s. A few years ago they wouldn't have qualified. Regardless, it's a big company but they aren't leaving Chicago. It's their HQ - they already mentioned that a bunch of people already left to go to Miami, NYC, etc. If you look on their website, you'll see around 30 jobs listed, and something like 65% of them have Chicago listed as an office to work at. The CBOE, CME, etc is too important for them to literally abandon Chicago. HQ wise is symbolic and has taxes. I think this one hurts for Chicago not because of HQ necessarily but because of the loss of pretty high paid workers and a lot of talent for them. But yeah, anybody who thinks Citadel is completely abandoning Chicago is a bit weird. They still have numerous job openings for Chicago. Ultimately this is a "fuck you" from Ken to Pritzker/Lori Lightfoot and other politicians.

I don't see New York losing companies like this.

I mean in Chicago this is a little much in a short period of time but yes, things happen adversely in NYC too. Did we forget about Amazon pulling out of NYC for its co-HQ (aka HQ2)?

KG is not the only hedge fund billionaire who has moved to Florida with their company you know, right? I don't think you're paying attention.

Carl Icahn moved his company, which has a higher revenue than Citadel to the Miami area very recently. And until recently, he was also wealthier than KG:

https://www.local10.com/news/local/2...i-dade-county/

Multi Billionaire Paul Singer moved Elliott Management to the Miami area recently too:
https://www.bloomberg.com/news/artic...ers-to-florida

AllianceBernstein moved from NYC to Nashville:
https://nypost.com/2022/05/12/allian...es-80m-a-year/


Multi Billionaire Daniel Sundheim moved to the Miami area with many execs, though the company is still HQ in NYC:
https://www.bloomberg.com/news/artic...ove-to-florida

El Al Airlines is also moving their US HQ to Miami from NYC as of 1 month ago:
https://www.thenextmiami.com/israels...ters-to-miami/

Goldman Sachs is moving a bunch of bankers from NYC to Miami area:
https://nypost.com/2021/06/15/goldma...rs-to-florida/

Virtu Financial shrinking NYC office by 75% for Florida:
https://www.bloomberg.com/news/artic...es-wall-street


Unicorn LoadSmart moved from NYC to Chicago. OH shit, was I supposed to not mention this?
https://www.bizjournals.com/chicago/...m-unicorn.html



And perhaps we can bring up California and the Bay Area which had about the same number of F500 companies as Chicago for awhile (vying for #2):


Oracle moved HQ from the Bay Area to Austin:
https://www.cnbc.com/2020/12/11/orac...tin%2C%20Texas.

Tesla moved HQ from Palo Alto to Austin:
https://www.businessinsider.com/tesl...n-musk-2021-12

Schwab moved its HQ from San Francisco to near Dallas:
https://www.nbcdfw.com/news/local/ch...jan-1/2514658/

Hewlett-Packard Enterprise moved HQ from Bay Area to Houston area:
https://apnews.com/article/houston-c...954de11fa3c8a7


AECOM (F500 company) moved HQ from Los Angeles to Dallas recently:
https://www.constructiondive.com/new...dallas/605248/


CBRE officially moves HQ from Los Angeles to Dallas:
https://www.latimes.com/business/sto...eles-to-dallas

There was just ANOTHER drive by shooting in River North last night and a shooting on north ave beach 2 days ago, absolutely ridicolous. And Lightfoot acts like this isn't a massive issue. The #1 thing that comes up when you ask somebody about Chicago is crime.

Yes, downtown is an issue with the gun violence lately. Lightfoot is not doing a good job. The crime thing as far as being brought up is nothing new. This has literally been the case since Obama even started running for president. I moved to Chicago the first time in 2009 and it was the #1 thing people asked me about back then too. And it continued in

Every single fucking weekend its the same headline, 40+ shot, 10 killed. You guys think these CEO's and other people don't look at this and decide to look elsewhere?

And like Pip said, the CTA is god awful nowadays. Shootings and fights happening consistently, drivers getting attacked, people getting robbed, trains not coming, etc. Fire Dorval Carter, he's fucking garbage. I have never in my life seen him on the CTA.

Seems like it's certain lines and in general a personnel issue. I take the Brown Line and it's been pretty on time with no smokers. Pretty tame.

I don't see these same headlines in New York, LA, Miami, DC, Boston, SF, etc. We 100% need a leadership change, february 28th, 2023 can't come soon enough. And of course the cook county court system is an absolute dumpster fire with them giving criminals a slap on the wrist. The shit that flys in Chicago would never fly in Dupage County. But thats another conversation for another time...

Okay rant over Love Chicago but we can do better

We can do better and I am not a LL fan at all. I think she'll lose handedly. If she doesn't then I'd be shocked. But you have to live in those other places to even understand the differences. I moved back from NYC just under a year ago. There are no scanner Twitter accounts there. There is no CWB type of outlet there either. Some people use Citizen but it's still a small percentage. There are local news outlets that report on everything from restaurant and bar openings to crime and they only report the notable crimes. Since 2020, they started reporting more and it's made people to believe that NYC is going crazy with crime and super bad even though it's not. There are a lot of fearmongers in NYC for sure of late but Chicago just takes the cake. Some of these accounts like scanner accounts and what not may think they're doing good, and sometimes they do by telling people some trends (i.e. bunch of purse snatchings lately).

The last area we lived at in NYC had a bunch of heads of foreign consulates and diplomats. One of our neighbors was the head of a consulate for a small European country in NYC. We had a shooting directly in front of our building and another one just down the street a few months before that left a person dead. There were a few others down there too and a few others about a half mile away. There were a few armed robberies near us too in a short period of time. I noticed that last month there was a shooting infront of another building in the general neighborhood over the sale of a Playstation. Mind you, 1 bedroom condos next to us go for $1.3M+ and there's a bunch of wealthy people here.

People carried on with their lives but of course the online comments on Facebook, Twitter, etc were pretty terrible and proclaimed that everything was a hell hole. Our neighborhood was nice and continued to be so after that - you would never attribute those words to that neighborhood.

Chicago has a lot of problems and the increase of gun violence downtown is definitely concerning as well as increase of homicides (hopefully at this rate this year we end up with way less - but alas it's summer now..) but there is a lot of things in the news that's thrown around that nobody is telling the full truth about (i.e. there were more robberies downtown in 2019 than 2021, but reading some of the news you'd think the opposite).