CORPORATIONS: How Are You Going to Keep Them in Manhattan?

For the second time in a month, a major corporation last week announced that it was moving out of Manhattan. Three weeks ago General Dynamics declared its intention of transferring its head offices to St. Louis. Last week Chesebrough-Pond's, which sells more than $261 million a year in cosmetics, toiletries and food products, disclosed that it was shifting its headquarters from New York to Greenwich, Conn. The official reason was that the company wanted to be closer to its Connecticut laboratories and factory. Chesebrough-Pond's is only one of several large firms to...

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