In March 2008, Crosscut published a story in which I pointed to Tacoma-based Russell Investment's probable move to Seattle. As it turns out, Russell is moving to Seattle, as reported in the Seattle Times today, despite valiant efforts on the part of Tacoma leadership to keep the cash cow in town. It's a win for Seattle but will be a huge blow to the City of Destiny, and perhaps suggests a regional shortsightedness, as columnist Jon Talton argues.
via crosscut.com
Crosscut publisher David Brewster asked me if I was surprised about Russell's move, even so. I said no, that I'd been waiting for it all year. Looking ahead at the kind of company Russell wants to be and the companies with which it will do business and compete, Seattle makes more sense as a world headquarters. This is not what I wish had happened, only an objective assessment. I honestly wish Russell had stayed in Tacoma. The burg doesn't deserve the reputation and second-class status it often gets. Seattleites beat up on it too much, and Tacomans worry overly much what Seattle thinks of it. This kind of defection only makes the situation worse, unfortunately.


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