DARIEN, Conn.--(BUSINESS WIRE)-- Effective today, Genesee & Wyoming Inc. (G&W) (NYSE: GWR) has relocated its corporate headquarters from 66 Field Point Road, Greenwich, Connecticut to Darien, Connecticut. The new address and contact information is set forth below:
20 West Avenue
Darien, Connecticut 06820
New Phone: (203) 202-8900
New Fax: (203) 656-1092
G&Ws Jacksonville, Florida operations headquarters and Rochester, New York administrative headquarters remain the same.
This is ridiculous. Why does the headquarters need to be so far from the operations? Why are they not in a state with a lower corporate tax rate? Why do they have to be in an area with such high rent? Why do they have to be so far from the major transportation hubs?
Rail America's HQ was down in Jacksonville, a state without an income tax; why not move to an existing HQ?
This was already on my gripe list for the shareholder meeting, further down the agenda, but it is now near the top of the list. Right after the need for a dividend.