I see more and more job postings with Houston as the primary or secondary location. What do we think is going to happen long term? Do we really need three offices?
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@1ac The value of the FOC is a drop in the bucket for MPC. Don’t think that will hold them in Findlay. They could find a buyer, rent it out, or leave it empty. Companies do it all the time.
Good luck finding a buyer of Findlay office....
@OP dont forget about that unbelievably expensive Denver office!
In 2011, when the Findlay office was expanded, MPC committed to keeping the HQ in Findlay for 18 years, in return for tax breaks. That puts us at 2029 or 2030 depending on the exact timing of the agreement. When that time is up, Ohio and Texas will likely compete on tax breaks for the HQ location. My opinion is that MPC will choose to move the HQ nameplate to Texas and gradually phase out the Findlay office over a period of 5-10 years. That is just an educated guess though.
Yes. Every company that has relocated to Houston has lost something. Sure it may be more efficient, larger pool of talent thus more profitable. However, these companies lost the culture and people that actually care about each other and are more committed to the company. For example, P66 has become a cesspool of cut throat A** kissers that only care about themselves and climbing the ladder (inside the company or outside). Don't sc--w this up MM!
Mannen is a destructive cult master.
Placating everyone is the death of corporate strategy. When you adapt to please others, you suppress your own core values and unique strengths. Sad to see but not surprising due to senior leadership changes experienced in the last 6 to 8 years.
We’ll wind down Findlay and SA. Writing is on the wall.