INDUSTRY: G.E.'s Manhattan Transfer

Since 1967, more than 30 major corporations have decided to flee Manhattan for the greener pastures of suburbia (TIME, April 26). The corporate exodus shows no sign of abating. Now General Electric, the fourth biggest U.S. industrial company, has called it quits, at least for most of its top executives and their staffs. The company will move 500 members of its 800-man headquarters staff—including the chairman, the president and many vice presidents—into a new office complex to be built on a 100-acre wooded site in Fairfield, Conn., 55 miles from the horrendous...

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