Myles Shaver, Carlson School of Management, University of Minnesota
Myles Shaver, Carlson School of Management, University of Minnesota
Building a Headquarters Economy: Managers, Mobility, and Minneapolis' experience.
Building a Headquarters Economy: Managers, Mobility, and Minneapolis' experience.
Professor Myles Shaver will present findings from an ongoing project that examines why Minneapolis-St. Paul is home to a disproportionate number of large corporate HQs (e.g., Fortune 500 firms). He will highlight how the Minneapolis HQ experience is generally not consistent with common explanations of regional economic activity, and will then offer a novel explanation that focuses on managerial talent movement into the region and between firms in the region. He will provide supportive evidence of this explanation by comparing talent migration patterns in Minneapolis to other major metros in the US. He will also present some preliminary analyses of primary data on HQ employees' mobility that aid in identifying what underlies these migration patterns.