Mead Johnson, the Evansville baby formula maker, staged a successful IPO on Wednesday, and saw its share price climb 10 percent on its first day as a public company.
But the execs intend to move the headquarters and several dozen people to Chicagoâ??s northern suburbs, where nutritional expertise and flights are easier to come by.
Lots of public companies have headquarters in small- and medium-sized cities. Wabash National, which manufactures truck trailers, is in Lafayette. Kimball International makes furniture in the southern Indiana hardwood center of Jasper. Warsaw, in northern Indiana, has Zimmer, the prosthetics giant.
Is a smaller city inherently deficient as a home for a public company headquarters? Is there anything inherently wrong with Evansville?
For that matter, how about Indianapolis as a headquarters city? After all, precious few Fortune 500 companies call Indianapolis home.