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Chazz Michael Michaels

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  1. Weather aside, I think people are generally a little more open to relocate when you option is a job in Cleveland or no job in Minneapolis. Cleveland sells itself way too short (arts, dining, sports, great schooling options, etc). I have no idea how big Valspar's staffing was but any increase in hiring in Cleveland should be offset by huge decreases in staffing in Minneapolis (too many redundancies). As for space planning, if SHW were to agree to lease space in a new office tower built by a developer, they would likely take 80% of the tower and would have the right of first refusal on additional floors/space if they needed it.
  2. A quick question. If SHW is concerned about paying down its debt, couldn’t it work with a developer to lease the majority of a new skyscraper that the developer could build now and SHW could occupy in the two years or so that it would take to complete? That would give SHW time to work additional synergies from the merger with Valspar, pay down more debt and not have to wait additional time to get into a modern, efficient and more cost effective headquarters?
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