AllianceBernstein Holding LP is moving its corporate headquarters and about 1,050 jobs to Nashville, Tenn., from New York City, Bloomberg News reports: "In recent years, Goldman Sachs Group Inc. has built up operations in Salt Lake City, while Deutsche Bank AG has expanded in Jacksonville, Florida....In addition to cutting costs, the move was prompted in part by lower state, city and property taxes in Tennessee compared with the New York area, the Journal reported, citing unnamed sources and a staff memo."
In the Albert Hirschman "Exit, Voice, and Loyalty" framework that I write about often here, this one is an exit.