Well, that is one way to attract new talent. The new boss of Cadillac, the luxury division of General Motors , put a brave face on the company’s office-location reversal, which will see its headquarters move from chic Manhattan to the suburb of Warren, Mich. Being in New York temporarily helped it attract employees it might not have, he said. compared with over half of those in the Big Apple. The average household income in Warren is $46,000, less than a third what it is in Manhattan—and about the price of the average Cadillac.

Source: Wall Street Journal September 30, 2018 12:56 UTC