Via Focus.com, we have this interesting map of where the Fortune 500 are located:
click for ginormous map
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Overall household indebtedness is up from $7 trillion to almost $10 trillion since 2000. On this sum, we estimate, the American consumer has an annual interest bill of more than $500 billion; a sum, by the way, that vastly exceeds his current income growth." —Kurt Richebacher
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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November 30th, 2009 at 4:45 pm
BRitholtz, please let us know when you will be making an appearance on tv or on the bloomberg radio network, at times like this it is crucial you are heard
November 30th, 2009 at 5:43 pm
Onterestingly – three of the states that have zero Fortune 500 companies, New Mexico(Santa Fe), Wyoming (Jackson Hole) and Montana (Missoula) are high quality of life!
November 30th, 2009 at 7:08 pm
It is interesting that financial services are not number one on the list. Maybe these numbers aren’t current, but it’s hard to imagine an industry making more money than the top 10 banks these days. Of course, if one considers the bonuses as salary, I suppose there is not much left over for the outside shareholders. On the other hand, if one considers the bonuses as a preferential dividend distribution then we would have an entirely different chart.
November 30th, 2009 at 11:19 pm
This map is incredibly misleading, in that it presumes that a company is “located” in whatever city it’s HQ is located in. This is often far from the truth.
Boeing is “located” in Chicago, based on this map. But really, most of it’s operations are elsewhere. Intel is located in Santa Clara, CA, but it’s biggest site and increasingly the most important pieces of its operations is outside Portland. Berkshire Hathaway is “located” in Omaha, but we all know its presence there is limited to a small building with a handful of employees, while virtually all operations are elsewhere.
We might as well state that most of the Fortune 500 are “located” in Delaware because that’s where most of them incorporate, regardless of any actual presence.
December 1st, 2009 at 9:21 am
MichaelGat – good point …
right in there with another point of widget construction – screw Made in (insert GPS cord)