Monday, February 27, 2006

Houston #2 in admired companies

Fortune recently came out with their Most Admired Companies rankings, and Houston scored very well, with half of all Texas' 30 admired companies. Texas was the third highest state behind CA with 39 and NY with 36. The Texas rankings have an incredible concentration in Houston and DFW. Houston had 15 (inc. one in The Woodlands) to the Metroplex's 12 (only 5 of which are actually in the city of Dallas), with only 3 others in the rest of Texas. Actually, the web site list only shows two others (SBC/AT&T in San Antonio and Pilgrim's Pride in Pittsburgh, TX), because somehow they left Dell off the Texas list, even though it's #8 in their overall Top 20. I thought it was strange there wasn't a single admired company from Austin, and then I remembered Dell and realized they made a mistake.

In another bit of confusion, Southwest Airlines was ranked as the third highest company overall - and the highest airline - but hometown Continental came in first in the "Airline Industry" subcategory just ahead of SWA.

From what I can tell by browsing through their state lists, the city of Houston has the second most in the nation behind New York City.

The value? Well, other than just the city pride at having a lot of respected companies, you might also assume they're more attractive to talented employees, and help lure that talent to Houston. And it goes without saying that talent is certainly one of the most critical competitive advantages for a city in a global economy.


At 11:22 PM, February 27, 2006, Anonymous Anonymous said...

Actually make it 16 for Houston, 31 for Texas. 35 for New York.
Schlumberger is listed as being headquartered in NY, but has recently announced it is moving to Houston.

At 11:22 PM, February 27, 2006, Anonymous Anonymous said...

Why are you censoring me? I didn't use profanity or call anyone names.

At 7:34 AM, February 28, 2006, Anonymous Anonymous said...

And realistically, Exxon-Mobil is an Irving company in name only, with a few hundred employees, while the bulk of the company is run out of Houston, with thousands of employees. That may be the case with several companies, but nowhere is it more pronounced than Exxon.

At 8:27 AM, February 28, 2006, Blogger Tory Gattis said...

> Why are you censoring me?

Not sure what you're referring to. I deleted several spam comments with links to a traffic site. During that time, I temporarily moderated comments and rejected one comment with profanity (although it was on the Anger Politics post, not this one). I have had problems with blogger emails not always getting through, so something might have fallen between the cracks during the short period I moderated comments. Blogger also had technical problems yesterday. My apologies. Please post again.

At 8:32 AM, February 28, 2006, Blogger Tory Gattis said...

Schlumberger is a good win, and it would be great for Exxon and Chevron to finally bite the bullet and move HQ to Houston. GHP and the Governor have scheduled "a major economic development announcement" for Thurs, so we may be getting another one - although, if the governor is involved, it's probably not Exxon moving from Irving to Houston.

At 1:27 PM, February 28, 2006, Blogger Tory Gattis said...

Atlanta may have close to 15 Fortune 500 HQs, but they only have 8 admired on the list. Not sure if admired is limited to 500 or not - I think not because I thought I noticed a couple non-500s on the lists.

At 5:47 AM, March 01, 2006, Anonymous Anonymous said...

Remember when Enron was perennially on the list?

Not trying to be snide, as this supports your comment about attracting productive people. One thing Enron did very well was recruit smart people and train them well.

They also paid top dollar, which forced their competitors, most of whom were in Houston, to also pay well to atract talent. Power was the place to be.

When the merchant energy sector imploded, many smaller companies suddenly were able to hire people they woldn't otherwise have been able to access. Many new ventures were started.

Although many Enroners left Houston, and although much pain was endured (myself included), we may look back on this in five years and see it as a net gain.


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