Billion-dollar investment firm leaving Seattle amid 'unrest'

[TheComputerGroup]

Phoenix will offer Smead Capital employees a lower cost of living and a better quality of life, CEO says


The CEO of a billion-dollar investment firm said his company is getting out of Seattle just in time as residents accuse Mayor Jenny Durkan of letting the city's so-called Capitol Hill Occupied Protest get out of hand and turn deadly.

"The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today," Smead Capital Management President and CEO Cole Smead told KTAR News on Monday.

Smead Capital announced the decision to move to Phoenix's Camelback Corridor last week.


"My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers," Smead told KTAR News.

Phoenix will offer Smead Capital employees a lower cost of living and a better quality of life, Smead said.

Durkan said Monday that city officials are working to break up the protest zone near Seattle's downtown after two shootings there this past weekend, one of them deadly.

Meanwhile, area business owners and residents had been frustrated by the lack of police protection.

"I keep trying to wrap my heads around the fact that we have no protection, and I've pretty much come to terms that we have no protection here," auto shop co-owner John McDermott told KOMO News after the shootings.

McDermott said his business, Car Tender, was broken into and no officers responded earlier in June.



https://www.foxbusiness.com/money/seattle-chop-smead-capital-management-moving-to-phoenix

 

[TheComputerGroup]

Here we go......time for the exodus of big companies out of Seattle......

 

[TheFalls]

Come to Dallas or Ft Worth. Hotter girls if nothing else

 

[Willie99]

There has to be consequences, I'm thankful we're starting to push back

 

[cybersharp]

Corporate disinvestment in a spineless city that just REFUSES to stand up to lawless mobs?

That's just sound corporate (and social) strategy!

I'm loving it. Do they sell stock or bonds? I'm in.

 

[cybersharp]

In any NORMAL, COMPETENTLY RUN American city:

Jenny Durkan would be TOAST in the next mayoral contest. face)(*^%

 

[Serbone]

Fortune 500 companies have left the inner city / downtown areas of the top 50 population metro areas for a long time.

This last several weeks of massive violence is just the kill shot, the ones that remain in the cities will find a way to slip to the far outside suburbs, or out of town.

All this over lies (mass propaganda) about unarmed Africans being killed by white cops at a disproportionate rate, when, in fact, it is not true and, to boot, Africans committ a vastly higher number more violent crimes (murder, rape, assault) proportionately than whites. 8,000 Africans were murdered in 2019, mostly be other Africans, that does not matter...

"But the TV said it...! But my handler said it...! It is genocide. Stop murdering us...!

 

[Wins2day]

Here we go......time for the exodus of big companies out of Seattle......

Of course ! Those companies are not putting up with this mob take over garbage, does not surprise me at all.

 

[bilbal]

Come to Dallas or Ft Worth. Hotter girls if nothing else

I don't know, the ASU campus was always filled with hotties....sundresses and sandals as far as the eye could see.

 

[quantumleap]

I don't know, the ASU campus was always filled with hotties....sundresses and sandals as far as the eye could see.

I used to work 2 miles from ASU. We would take our lunch break and drive down University Avenue from Mill to Rural. It's the only time I've ever driven slower than a city bus.

Downtown Scottsdale on a weekend night is a sight to see as well.