Business: Why Companies Are Fleeing the Cities

LONG exposure has inured New York City dwellers to daily outrages of high cost and crime, filth and crowding, discourtesy and inconvenience. Increasingly, the traumas of life in Manhattan are becoming more than many major companies are willing to bear. In the past four years, 22 large firms have moved their headquarters out of the city, and at least eleven more have made definite plans to depart (see box). Another two dozen are seriously considering whether or not to leave. Still other companies—including A.T. & T., Borden. Eastern Air Lines,Grolier, Mobil Oil and...

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