Posted on 01/17/2012 9:34:55 AM PST by tcrlaf
layboy is shuttering its Chicago headquarters in favor of a sunnier locale, company officials confirmed.
The company released a statement Friday saying the move to Los Angeles will take place on April 30. It had previously been reported that founder Hugh Hefner was moving the company's editorial and art departments to L.A
"Playboy's executives have made the difficult decision to close the company's Chicago office and move its headquarters to Los Angeles," the statement said.
(Excerpt) Read more at chicagotribune.com ...
It's so bad the Illinois Legislature had to pass SPECIAL LEGISLATION exempting the Chicago Mercantile Exchange from the new taxes to keep them from moving to Northern Indiana.
But don't worry, Illinois. Pat Quinn has promised to increase taxes EVEN MORE to protect those fat State Employee Union benefits!
No idea who is actually going to PAY for it, but that doesn't really matter anymore, does it.
Oh... And by the way. Indiana thanks you for all those jobs Illinois is sending us.
Keeping us abreast of current events by laying bare all the pertinent facts.
Your last sentenced may be shown to be correct if Right to Work passes in Indiana. Looks like it will. That, plus Illinois taxes may have a deleterious effect on Illinois’s future...
Boobs lowered to half staff...
Must be really bad to lose jobs to Kalifornia...
Is LA better than Chicago on taxes?
Escaping Illinois taxes by going to the tax-friendly clime of California???
Believe the plethora of sun-tanned big-chested sluts trump taxes for this particular corporate entity.
...uhm...I wonder if there’s gonna be a close-out sale on Bunnies?
Buy one, get one free?
Will the last person leaving Illinois please turn the lights off?
What do you need playboy for, here ar http://www.beachbunnyswimwear.com/collection/sale.cfm some beachbunnies.
Taxes may have hurried the decision, but the tax climate in LA isn’t great, either.
Playboy is just one guy, Hugh Heffner, who controls the company and does whatever the hell he wants. Always has, always will.
Probably Chicago is actually getting too cold for this old geezer, who likes his pleasures. So, off to LA, where there are also plenty of nightspots and restaurants, and whatever else it takes to make Hugh happy. The girls will go with him.
There’s a good book out written by one of his few gf with a brain. She went on to become a lawyer. Says the mansion is a total dump.
PB is going to collapse into a black hole with all the $$$ Hef is paying his GF. That is if he doesn’t die first.
achhh...now my eyes need a cold shower.
:-)
It may also have to do with declining revenues to Playboy. Its time, like all pre-internet media, has passed.
I worked in that building back in the 70s when the club was still open, but you could tell even then that it was declining by the clientele it was attracting. It had a good, long run.
Playboy is a hollow shell of it’s former self that makes most of it’s money from licensing it’s brand vs. publishing a declining portfolio of magazines. They won’t be missed.
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