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Quote of the Day - Patriotism varies, from a noble devotion to a moral lunacy. - W.R. Inge
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Patriotism or Capitalism? Or are they the same?

The New York Post, a veritable bastion of legal news, plastered a headline about an old-line New York law firm that committed to remain in lower Manhattan, near ground zero.

The paper quoted Mayor Michael Bloomberg: "Cadwalader, Wickersham and Taft LLP signed a lease for 450,000-square-feet of space at One World Financial Center." Cadwalader, first established in 1792, has made an astounding deal.

The firm was awarded a $5.3 million government grant to remain in lower Manhattan, and $1 million over 15 years toward energy costs. Cadwalader is also eligible to receive another $3.4 million to add up to 400 additional jobs over the next five years. In return, the firm committed to a seven-year stay.

Wow.

Here in California, companies are leaving in droves, with some 17% of businesses presently in the state planning to leave. Now we know where some are going.

At least I'm going to call up Bloomberg and find out what kind of deal I can get.

Printer friendly page Permalink Email to a friend Posted by J. Craig Williams on Thursday, September 18, 2003 at 09:40 Comments Closed (0) |
 
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