Could there be a curse on companies that ditch Connecticut?
Aetna isn't getting the money it was promised to move its headquarters to from Hartford to Manhattan. Feelings of schadenfreude will be forgiven.
CEO Mark Bertolini and probable new owner CVS might now consider countering the curse by reinvesting in the city that's been Aetna's home since 1853.
Aetna isn't alone. General Electric, which announced it was abandoning Connecticut for Boston almost exactly two years ago, has since eliminated corporate jobs at its planned new headquarters. Its stock value has tanked in the last year as investors have fled.
Alexion Pharmaceuticals, which announced in September that it was bucking New Haven and moving its headquarters to Boston, has seen its stock price plummet by about 16 percent since then. Just last week, one financial company downgraded Alexion's stock.
But meanwhile, United Technologies, which has committed to staying in Connecticut and still employs thousands in tech and manufacturing across the state, has seen its stock price shoot up over the last year. Concerns about its new geared turbofan jet engine have been allayed, and Goldman Sachs recently predicted a 30 percent rally by the end of the year.
Is there a lesson here for those that leave Connecticut for so-called greener pastures?
By the way, the Carolina Hurricanes (neé Hartford Whalers) are in the cellar.