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Amazon Plans to Split HQ2 Evenly Between Two Cities

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Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#151
post #47

HQ2 was never going to be a true second HQ but now it’s not even going to be close. Cities just fellated Amazon for a satellite office.

The only HQ is where the CEO sits.

I can't be so sure of that, is the HQ of Berkshire Hathway really omaha, or is it the HQs of the various business subunits.

If you have a conglomerate, the existence of an HQ is totally meaningless.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#152

Earlier quoted context omitted.

I agree with some of your other points... however > Texas is also building high-speed rail, which will end up linking all of their major cities, an immense bonus. Denver already has light rail connecting the airport, Boulder, and Golden as well as other metro areas, as well as amtrak, shuttles, and other public transport to the mountain regions for skiing and other recreation. It's also among the most bike-friendly c…

There is NO light rail link from Denver to Boulder, only buses. The money raised from Boulder residents via sales tax increases was spent on other lines.

There won't be for decades either. When they sold off 36, there's a clause that they can't build anything that would cause a loss of revenue for that toll road without reimbursing Plenary.

On the plus side, the buses do leave every ten minutes, with plans to increase that to every five minutes within the next few years.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#153

Hope it comes down here to Miami. Imagine the talent pool! Easy access to south american engineers

There’s very little “talent” native to Miami. As far as S.A engineers that’s also probably a tough one...I mean staffing a HQ with foreigners is a tough sell, don’t you think?

If anything Miami is still alluring to those across the US for warm weather, no income tax, and tanned guys/gals (or both?!). The Miami economy still is dominated by tourism and real estate unfortunately!

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#155
post #25

Ruth Graham, a writer for Slate, commented on this this morning[0]: " A sword was brought & Bezos said “Cut HQ2 in half. Each of you can have part of it.” “Please don’t split HQ2,” the true host city screamed. “Go ahead, cut it in half," the other city said. Bezos pointed to the first city. “This is the real host. Put the headquarters here.” " It makes me wonder if this is another negotiation tatic by Amazon to get t…

> It makes me wonder if this is another negotiation tatic by Amazon to get the final city to shell out more incentives. Alternately, Amazon has liked pitting cities against each other so much, that they decided to keep doing it forever. "City A, we're looking to start a major new project up. City B is willing to offer X, Y, and Z if we launch it in the City B office, are you willing to beat that for us to open it in…

This makes the most sense by far.

It gives them more negotiating power, and a lot more flexibility.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#156
The whole "HQ2" festival was dubious from the start, especially in light of this announcement.

Other similar companies - e.g. practically all FAANGS - just have one large HQ, and several smaller offices in various locations to tap into local talent.

How is Amazon exceptional such that it needs this special "HQ2" office?

This never made much sense for them... Except as a big PR fanfare to drum up huge benefit packages from cities on their various long/short candidate lists.

So now they cut the prospective office sizes in half. Will the benefit packages be cut in half? Probably not.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#157
post #91
post #88

Earlier quoted context omitted.

Well, I don't think it's speculative to say that a recession is coming. Predicting exactly when is hard, but isn't it a near virtual certainty that it will happen?

Sure, but that's like saying Yellowstone is going to erupt.

I’ve lived through four or five recessions and there’s no indication this is any sort of anomaly. It’s more like saying that a hurricane is going to hit Florida. Predicting exactly when and how is nearly impossible, but we can say with almost complete certainty that it’s going to happen within a few years.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#158

Earlier quoted context omitted.

"There is a recession coming in the near future, which could result in Amazon looking for cheaper developers globally." It's dangerous to post speculative things with such certainty. The future is never guaranteed.

I am just going to leave you with this image here that shows the SP&500 since 1928: https://imgur.com/a/JCMbIvU We have had 10 years of growth since the last recession (every gray line is a recession). If you take into account the market corrections that we have seen this year as a sign, most people in finance will agree that there will be a correction in the next three years. It is far from speculation. The charts w…

That plot appears to show a 20-year-long bull market from 1980 to 2000, so with that precedent set, who's to say we aren't only half-way through the current bull run? (I don't actually have a strong view one way or the other; my point is just that it's hard to conclude anything by reading an S&P 500 price chart by itself.)

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#159
post #36

Earlier quoted context omitted.

I suspect you are correct; this is a way to make the two cities compete to please / to accommodate / to benefit Amazon and get the headlines that they are Amazon's choice for X, Y, Z reason. Amazon's gravity is quite strong, and its tactics very honed.

I wish all cities competed for residents in this way. I think it would drastically improve our government if there was an actually significant risk of people leaving when the government messed up.

Isn’t that what this is, in the end? The supposed reason for courting these deals is always the jobs it brings, and the reason for jobs is to attract new residents, or retain existing ones.

Re: Amazon Plans to Split HQ2 Evenly Between Two Cities

#160
post #103

Earlier quoted context omitted.

I wish all cities competed for residents in this way. I think it would drastically improve our government if there was an actually significant risk of people leaving when the government messed up.

If I'm in government and I mess up then I would love if the people who are angry just packed up and left. I'd be more upset if they stayed angry and showed up on election day.

Luckily you can carve up the angry peoples’ electoral districts every 10 years assuming you are in power at the right time.
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