Really wish they would move downtown. We need more big names committing to downtown like in Detroit.sc4mayor wrote:Energizer looking for new, smaller headquarters in Clayton
https://www.stltoday.com/business/local ... -top-story
i don't understand how a product company like Energizer, or Rawlings doesn't see value in their signage on top of a big building downtown visible to multiple millions of sports fans each year. If they were committed to a suburban style office it would make more sense, but Clayton is urban so why wouldn't you consider downtown. Companies like Centene, or Emerson are disappointing, but make more sense in Clayton because they don't really brand directly to consumers.Suds wrote: ↑May 25, 2023Really wish they would move downtown. We need more big names committing to downtown like in Detroit.sc4mayor wrote:Energizer looking for new, smaller headquarters in Clayton
https://www.stltoday.com/business/local ... -top-story
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Oh, that's neat! Nice catch GC. Let's hope they can make it rain!gone corporate wrote: ↑May 26, 2023Well, it hasn't been reported on yet by either the Post-Dispatch or the Business Journal, so may as well do it here:
FinancialPost.com: Viterra merger with Bunge would create $25-billion rival to biggest agricultural players
[snip] Good times. Godspeed, Bunge negotiators...
Now, let's see how long it takes for this story to make it to the local business news pages.
Plus how many executives pick Clayton simply because it's only 5-10 minutes from their mansions in Ladue, Frontenac etc and that it doesn't even require getting on a highway?Tim wrote: ↑May 26, 2023I doubt it has an overly significant impact, but how much do you think the earnings tax factors into a company's consideration of a potential move into the city?
I'd be curious to see a cost comparison between a Clayton office vs. Downtown office, all in, for both employees and the company.
Downtown: Cheaper office space, but higher taxes, more expensive parking (possibly?), higher crime
Clayton: Expensive office space, but lower taxes, cheaper parking (possibly?), lower crime
If a merger truly bumps up against giants like Archer-Daniels-Midland (AMD) and Cargill (and stays here) a merged company like that would be a big win for St. Louis.gone corporate wrote: ↑May 26, 2023Well, it hasn't been reported on yet by either the Post-Dispatch or the Business Journal, so may as well do it here:
FinancialPost.com: Viterra merger with Bunge would create $25-billion rival to biggest agricultural players
Bloomberg first reported yesterday that STL-based Bunge is in talks to buy Viterra, a global grains giant and privately-held subsidiary of mining and commodities firm Glencore (Switzerland). Bunge is reported to be talking with Glencore already. Should a deal materialize, it would create an agriculture giant with a market cap around $25BB, big enough to compete directly with both Archer-Daniels-Midland (AMD) and Cargill. Also, it's reported that Bunge's leadership has the initiative on the deal, that if it comes together there's a likely change it'd be under the Bunge banner and leadership, which I infer to read as it'd be a Bunge acquisition that'd be based in STL. Good times. Godspeed, Bunge negotiators...
Now, let's see how long it takes for this story to make it to the local business news pages.
It's more than the executives. Your average accountant or IT person does NOT want to work downtown right now. I hear it a lot. It's too bad, but that's where we are. If they poll their entire workforce, I would imagine the senior executives are more willing to work downtown that your average middle management or worker bee type.dweebe wrote: ↑May 27, 2023Plus how many executives pick Clayton simply because it's only 5-10 minutes from their mansions in Ladue, Frontenac etc and that it doesn't even require getting on a highway?Tim wrote: ↑May 26, 2023I doubt it has an overly significant impact, but how much do you think the earnings tax factors into a company's consideration of a potential move into the city?
I'd be curious to see a cost comparison between a Clayton office vs. Downtown office, all in, for both employees and the company.
Downtown: Cheaper office space, but higher taxes, more expensive parking (possibly?), higher crime
Clayton: Expensive office space, but lower taxes, cheaper parking (possibly?), lower crime
It's interesting what power they wield. The rumor was during the I-64 redesign was the reason they kept the Bellevue exit and entrance ramp was for the top docs and executives at the hospital wanted to keep their quick on and off. In the end they packaged it as a safety issue for ambulances.
https://www.stltoday.com/business/local/bjc-to-combine-with-kansas-city-based-st-lukes/article_28aaa98e-fff1-11ed-af6e-ff7a8c932893.htmlBJC HealthCare revealed plans Wednesday afternoon to combine with the Kansas City-based St. Luke's Health System.
The health systems will operate from dual headquarters: One in St. Louis serving eastern Missouri and southern Illinois, and another in Kansas City serving western Missouri and parts of Kansas.
St. Luke's Health System is separate from the St. Luke's Hospital and St. Luke's Des Peres Hospital in the St. Louis area.
BJC CEO Richard Liekweg said the health systems will have an "even stronger financial foundation."
"Amid the rapidly changing health care landscape, this is the right time to build on our established relationship with Saint Luke's," Liekweg said in a press release.
St. Luke’s press release:Ge Bai, a professor of accounting and health policy at Johns Hopkins University, said the deal looks more like a merger than an acquisition: Neither health system has to give up its branding, or its headquarters.
There are two main appeals, Bai said, for health systems looking to merge: Better negotiating power with insurers, and cost savings.
"The market and regulatory environment is less and less friendly to small players," Bai said. "So how can hospitals survive? Become more powerful."
https://www.saintlukeskc.org/about/news ... d-missouriUpon closing, the integrated health system will continue to serve BJC and Saint Luke’s distinct markets, maintain their existing brands, and operate from dual headquarters—one in St. Louis serving eastern Missouri and southern Illinois, and one in Kansas City serving western Missouri and portions of Kansas.
The integrated health system’s Leadership Team and Board of Directors will include representation from both BJC and Saint Luke’s. Richard Liekweg, President and CEO of BJC, will serve as CEO of the integrated health system, with the initial Board Chair of the integrated system coming from Saint Luke's.
Another eight St. Louis companies are in the Fortune 1000.No. 25: Centene (up from No. 26); revenue increased 14.7% to $144.5 billion.
No. 206: Emerson Electric (down from No. 199); revenue grew 7.6% to $19.6 billion.
No. 257: Reinsurance Group of America (down from No. 222); revenue fell 2.4% to $16.3 billion.
No. 333: Edward Jones, listed as Jones Financial (down from No. 303); revenue increased 0.3% to $12.4 billion.
No. 378: Graybar Electric (up from No. 399); revenue grew 20.2% to $10.5 billion.
No. 410: Olin Corp. (down from No. 393); revenue rose $5.2% to $9.4 billion.
No. 480: Ameren (up from No. 500); revenue jumped 25.2% to $7.7 billion.
World Wide Technologies would also be on the list. Not sure where Panera will fall when they go public but I imagine fortune 1000.symphonicpoet wrote: ↑Jun 07, 2023^And Enterprise isn't because it's private. There might be others as well. Emerson maybe? (Not sure.) On the other hand, if some of the companies not on the list counted, then maybe some on the list would also fall off.
