Word: moving
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Dates: during 1970-1979
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...inflation brings gross social change, not everybody will be hurt. Deak calculates that people who possess resources will do well. Farmers will flourish-unless Government steps in to regulate their income. His vested interests move Deak to believe that gold holders will prosper, because he expects the barbarous metal to rise and rise. The Arabs, he notes, are pushing up the price by putting so much of their new wealth in gold. He is less enthusiastic about big gold coins than small ones, which are easier to barter in a pinch. He thinks that silver has even more potential...
When a big company packs up and flees Manhattan's high taxes and other irritations, where is it most likely to move its headquarters? The answer, surprisingly, is not some place in the Sunbelt but just 30 miles or so away, Connecticut's Fairfieid County. Long famed as tony bedroom communities for high-paid commuters to the corporate canyons of New York City, such towns as Greenwich, Darien and Westport have become boardroom communities for many of those same bosses: they have brought their offices closer to their homes...
...Fairfield County was the headquarters for only four companies on the FORTUNE 500 list. Now there are 24, tying Fairfield with Chicago for second place, behind New York City (82), as a corporate address. Before long the county will move ahead of Chicago: Union Carbide, the Continental Group Inc. (formerly Continental Can) and Singer Co. have announced plans to move...
...because of railroad tie-ups, and they tend to stay to clean up the day's work rather than flee at the stroke of 5 p.m. to catch the next train. Some firms have even been able to lengthen their formal work week. The Olin Corp., whose 1969 move from Manhattan to Stamford led off the exodus to Fairfield County, cut its lunch period from one hour to half an hour; Union Carbide, which now works its employees seven hours a day in New York City, will adopt an eight-hour day next year when it moves...
...firms report that their shift to suburbia has also made it easier to recruit executives from other parts of the country. Champion International relocated in Stamford (pop. 108,000) partly because it wanted to bring in managers from Cincinnati and St. Paul, Minn., and found that many resisted a move to New York. Similarly, Union Carbide Executive James C. Rowland cites "Middle America attitudes" about city problems as a reason for that company's move to Danbury (pop. 60,000). Says he: "We think Danbury will always be more like the area that we are recruiting people from...