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46 minutes ago, savadams13 said:

To complete the transaction, Kroger and Albertsons expect to make store divestitures, as the two companies have markets where they overlap. Albertsons is prepared to create an Albertsons subsidiary, SpinCo, that would be spun off to Albertsons shareholders prior to merger closing and operate as a standalone public company. Kroger and Albertsons will work together to determine the stores that would make up SpinCo, as well as the pro forma capitalization of SpinCo. It is estimated this new company will have between 100 and 375 stores.

 

Well, it's good that they are already planning this, but it's less about how many stores Kroger/Albertsons wants to spin off and more about how many stores the government will require them to spin off as a condition of approving the merger. And with a name like SpinCo it seems likely that this is just a temporary company that will get acquired by and incorporated into a competitor.

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1 minute ago, 646empire said:

Just need to say this, these giant company chains are all the same in this respect, some locations are better than others!!! This is NOT unique to Kroger. Everyone from Walmart to Chipotle to Macys for example has some decent/good locations and others are hot mess dumps. The “New” Kroger Co will have 4000 plus stores, Im not giving them a pass on mismanagement of some stores but some of these complaints are silly. FYI I have been to Publix and other grocers while out of town and living in NYC and I have news for you they all have crappy locations too lol!

 

See CityBeat's slideshow of Greater Cincinnati's worst Kroger stores.

11 minutes ago, taestell said:


I knew this list was non sense when I scrolled by the newish UC Kroger which I have been to a ton and is certainly a decent one. I knew this list was garbage when Krogers Hyde Park Store which I absolutely love (and the company cares deeply about they keep a close eye on that location) along with most others shoppers was on this list. I’m starting to get the impression that Cincinnati doesn’t know how well they’ve got it.

35 minutes ago, taestell said:

 

I know NYC is a different beast but while living there me and my roommate (also from Cincy) used to talk about how much we missed Cincys Kroger’s and how most grocery stores in the bigger cities are trash.

Edited by 646empire

5 hours ago, taestell said:

Kroger typically keeps the brands of other chains they acquire. That's why as you travel to different parts of the country you still see Smith's, QFC, Ralphs, etc. (Even in regions where they have acquired multiple brands, they keep them all, such as in the Pacific Northwest, where they operate both QFC and Fred Meyer stores, sometimes across the street from each other.)

Very True, but that is not all the time. For example, back in Cincinnati, years ago, Kroger purchased the vast majority of the Thriftway footprint from Winn Dixie and converted all those stores to Kroger. I could see them phasing out some of the names in certain markets to go with the dominant name OR, choosing to use one brand for purposes of expansion and letting the other one wither away. For example, does Kroger look to grow the Safeway brand or Albertson's brand in Portland or do they only grow the Fred meyer brand?  

1 hour ago, Brutus_buckeye said:

Very True, but that is not all the time. For example, back in Cincinnati, years ago, Kroger purchased the vast majority of the Thriftway footprint from Winn Dixie and converted all those stores to Kroger. I could see them phasing out some of the names in certain markets to go with the dominant name OR, choosing to use one brand for purposes of expansion and letting the other one wither away. For example, does Kroger look to grow the Safeway brand or Albertson's brand in Portland or do they only grow the Fred meyer brand?  

Kroger did that because the Kroger brand was already strong in our region, no reason to keep the Thriftway name. Kroger isn't dumb they won't get rid of Shaws, Tom Thumb, Randall's, ACME, Safeway, Albertsons name plates. 

28 minutes ago, savadams13 said:

Kroger did that because the Kroger brand was already strong in our region, no reason to keep the Thriftway name. Kroger isn't dumb they won't get rid of Shaws, Tom Thumb, Randall's, ACME, Safeway, Albertsons name plates. 

I agree with you, my text was in some markets they may phase out some Albertsons stores and convert them into the Kroger brand if Kroeger is the dominant market share in that market in Albertsons may be a number four or five player. However I’m sure they will keep all the brand names. Also, you have to figure there Hass to be one brand over another in competing markets that will get the benefit of future growth. For example, in Portland it would make much more sense to build a new Fred Meyer store versus a new Albertsons store even though both names are active in the same market

 

This article gives a hint About what they will do with the names of various stores are in each market

https://www.ktvb.com/amp/article/news/nation-world/kroger-albertsons-combining/507-42d53b9d-4172-4ed0-ad27-3d97e6c45190

Edited by Brutus_buckeye

1 hour ago, Brutus_buckeye said:

Very True, but that is not all the time. For example, back in Cincinnati, years ago, Kroger purchased the vast majority of the Thriftway footprint from Winn Dixie and converted all those stores to Kroger. I could see them phasing out some of the names in certain markets to go with the dominant name OR, choosing to use one brand for purposes of expansion and letting the other one wither away. For example, does Kroger look to grow the Safeway brand or Albertson's brand in Portland or do they only grow the Fred meyer brand?  

Kroger did that because the Kroger brand was already strong in our region, no reason to keep the Thriftway name. Kroger isn't dumb they won't get rid of Shaws, Tom Thumb, Randall's, ACME, Safeway, Albertsons name plates. 

Just need to say this, these giant company chains are all the same in this respect, some locations are better than others!!! This is NOT unique to Kroger. Everyone from Walmart to Chipotle to Macys for example has some decent/good locations and others are hot mess dumps. The “New” Kroger Co will have 4000 plus stores, Im not giving them a pass on mismanagement of some stores but some of these complaints are silly. FYI I have been to Publix and other grocers while out of town and living in NYC and I have news for you they all have crappy locations too lol!

I don’t disagree, but few companies I know of have the variety Kroger does, which honestly is kind of awesome it keeps it all together on the same profile. Like Kroger in Oakley is a whole different store than Kroger in Wellston, if you stepped into one you’d never think you’re in the same chain of stores under the same branding if you stepped into the other. Kroger has done an excellent job managing this variation and targeting their stores to their market.


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1 minute ago, savadams13 said:

Kroger did that because the Kroger brand was already strong in our region, no reason to keep the Thriftway name. Kroger isn't dumb they won't get rid of Shaws, Tom Thumb, Randall's, ACME, Safeway, Albertsons name plates. 

I don’t think you’ll get rid of the name altogether, but they may get rid of the name in certain markets. Rodney McMullen pretty much said as much and his comments on the merger

4 minutes ago, Brutus_buckeye said:

I don’t think you’ll get rid of the name altogether, but they may get rid of the name in certain markets. Rodney McMullen pretty much said as much and his comments on the merger

Kroger pinches pennies like crazy they will get rid of many overlapping market stores like you mentioned I think the biggest issue areas are Portland (NW basically), LA, Dallas and Houston. Four brands in the NW and LA region and then Dallas and Houston wealthier customers love Randall's and Tom Thumb but Kroger has a huge market in both cities now 

32 minutes ago, savadams13 said:

Kroger pinches pennies like crazy they will get rid of many overlapping market stores like you mentioned I think the biggest issue areas are Portland (NW basically), LA, Dallas and Houston. Four brands in the NW and LA region and then Dallas and Houston wealthier customers love Randall's and Tom Thumb but Kroger has a huge market in both cities now 

I would also pay attention to spinco. It may be that one or two of the Albertsons brand names stays with the spinco company after the merger 

Kroger-Albertsons deal to face U.S. Senate antitrust hearings: REPORT

 

The planned $25 billion Kroger Co. acquisition of Albertsons Cos. will face U.S. Senate hearings over antitrust concerns, according to published reports.

 

The Senate will hold hearings next month on the acquisition, Bloomberg News reported.

 

Downtown Cincinnati-based Kroger (NYSE: KR) and Boise, Idaho-based Albertsons (NYSE: ACI) announced the deal Oct. 14 that would combine the nation’s two largest operators of traditional supermarkets. Kroger is the largest, as well as the second-largest by grocery market share behind only Walmart. Albertsons ranks fourth in grocery market share, with warehouse membership store chain Costco placing third.

 

Minnesota Sen. Amy Klobuchar and Utah Sen. Mike Lee, said Tuesday they have “serious concerns about the proposed transaction” and would hold a Senate Judiciary Committee hearing to examine the acquisition, Bloomberg reported. Klobuchar and Lee are the top Democrat and Republican on the Senate Judiciary antitrust panel.

 

More below:

https://www.bizjournals.com/cincinnati/news/2022/10/18/kroger-albertsons-deal-senate-antitrust.html

 

krogershq-3.jpg

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

GE has announced that they are leaving their $200 million Boston HQ offices and looking for a smaller space within the city. The campus is located on 2.5 acres, and involved the redevelopment of an old candy factory, which they moved into in 2019. They have also reimbursed the state for the $87 million they put into the property. 

 

There are a lot of factors at play here between the company preparing for the spin off, remote work reducing the need for corporate office space, flex space being cheaper as they reevaluate their options etc. Could just be that they really don't need this much space anymore - but it does mean that they have less attachment to Boston and Massachusetts, which could lead to an easier transfer of corporate operations/headquarters to a different market 👀

Edited by dnymck

On 10/14/2022 at 12:43 PM, 646empire said:

Just need to say this, these giant company chains are all the same in this respect, some locations are better than others!!! This is NOT unique to Kroger. Everyone from Walmart to Chipotle to Macys for example has some decent/good locations and others are hot mess dumps. The “New” Kroger Co will have 4000 plus stores, Im not giving them a pass on mismanagement of some stores but some of these complaints are silly. FYI I have been to Publix and other grocers while out of town and living in NYC and I have news for you they all have crappy locations too lol!


Kroger unveils store of future in Greater Cincinnati: PHOTOS
 

https://www.bizjournals.com/cincinnati/news/2022/10/20/kroger-store-of-future-monroe.html?cx_testId=40&cx_testVariant=cx_6&cx_artPos=0#cxrecs_s

18 hours ago, dnymck said:

GE has announced that they are leaving their $200 million Boston HQ offices and looking for a smaller space within the city. The campus is located on 2.5 acres, and involved the redevelopment of an old candy factory, which they moved into in 2019. They have also reimbursed the state for the $87 million they put into the property. 

 

There are a lot of factors at play here between the company preparing for the spin off, remote work reducing the need for corporate office space, flex space being cheaper as they reevaluate their options etc. Could just be that they really don't need this much space anymore - but it does mean that they have less attachment to Boston and Massachusetts, which could lead to an easier transfer of corporate operations/headquarters to a different market 👀

They are also splitting into 3 companies. The healthcare part could well remain in Boston, but the power systems and aviation companies don't need to.  The aviation segment, which I believe will inherit the GE name, could very sensibly move to Cincinnati.

Remember: It's the Year of the Snake

1 minute ago, Dougal said:

They are also splitting into 3 companies. The healthcare part could well remain in Boston, but the power systems and aviation companies don't need to.  The aviation segment, which I believe will inherit the GE name, could very sensibly move to Cincinnati.


I read an article where the spokesperson specifically said the GE HQ will remain in Boston “For Now” sounds like movement may be on the horizon.

On 10/14/2022 at 4:51 PM, SWOH said:


I don’t disagree, but few companies I know of have the variety Kroger does, which honestly is kind of awesome it keeps it all together on the same profile. Like Kroger in Oakley is a whole different store than Kroger in Wellston, if you stepped into one you’d never think you’re in the same chain of stores under the same branding if you stepped into the other. Kroger has done an excellent job managing this variation and targeting their stores to their market.


Sent from my iPhone using Tapatalk

 

Kroger (somewhat controversially) closed the Wellston location a few years back when it got too old/small and did not replace it. Eventually the town was able to coax Piggly Wiggly to open up one of their few Ohio locations. 

Meanwhile, the still-open McConnelsville Kroger.  I've heard it's the smallest Kroger in the United States but I dunno.  It's seriously the size of a generic CVS.

 

22746426796_27565677ae_b.jpg

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

  • 3 weeks later...
On 10/26/2022 at 4:36 PM, ColDayMan said:

Meanwhile, the still-open McConnelsville Kroger.  I've heard it's the smallest Kroger in the United States but I dunno.  It's seriously the size of a generic CVS.

 

22746426796_27565677ae_b.jpg

I used to see that Kroger all the time. My best friends dad used to own the car lot that was across the street. 

28 minutes ago, Ucgrad2015 said:

I used to see that Kroger all the time. My best friends dad used to own the car lot that was across the street. 

 

The car lot is now a very good brewery. Definitely check it out if you're in that part of the state:

 

https://www.oldbridgebrewing.com/

On 10/26/2022 at 4:36 PM, ColDayMan said:

Meanwhile, the still-open McConnelsville Kroger.  I've heard it's the smallest Kroger in the United States but I dunno.  It's seriously the size of a generic CVS.

 

22746426796_27565677ae_b.jpg

 

There's a good chance there's ones in West Virginia that are smaller... unless they closed.

  • 1 month later...
33 minutes ago, Lazarus said:

A new competitor to Cincinnati's TQL has appeared: Uber Freight.  

https://www.bizjournals.com/cincinnati/news/2022/12/22/newport-on-the-levee-uber-freight-office.html?cx_testId=40&cx_testVariant=cx_6&cx_artPos=5#cxrecs_s

 

They have leased space in Newport-on-the-Levee.  


There are tons of Freight Companies big and small, Rideshare Giant Uber signing office space at the Levee isn’t about/connected to TQL. Also Uber Freight has been around for 4 years or so and isn’t really a new competitor in the industry.

25 minutes ago, 646empire said:


There are tons of Freight Companies big and small, Rideshare Giant Uber signing office space at the Levee isn’t about/connected to TQL. Also Uber Freight has been around for 4 years or so and isn’t really a new competitor in the industry.

 

By all accounts, working at those brokerage places is completely miserable. 

 

The difference is that Uber does (or at least did) have access to the dirty Saudi/Softbank type money and so can operate at a steep loss for years, which is a wildly unfair advantage.  

 

 

 

 

 

 

 

3 minutes ago, Lazarus said:

 

By all accounts, working at those brokerage places is completely miserable. 

 

 

 

The post-2008 economy is tremendously good at creating bad jobs.

Anyone know if TQL is expanding their headquarters again? They built a new parking lot and there is a bunch of equipment on site now.

1 hour ago, Lazarus said:

 

Looks like it:

https://businessfacilities.com/2022/03/tql-plans-to-expand-cincinnati-region-headquarters-campus/

 

There is a ton of cheap office space downtown now.  I don't understand why they would double-down on their suburban campus.  

 

 

 

 

 


What space downtown space do you know of that would be “cheaper” than where they already are and would offer parking for their employees downtown? Also I’m not really aware of a ton of cheap office space downtown. With the so many conversions underway/planned I’m not seeing much available office space at all.

12 minutes ago, 646empire said:


What space downtown space do you know of that would be “cheaper” than where they already are and would offer parking for their employees downtown? Also I’m not really aware of a ton of cheap office space downtown. With the so many conversions underway/planned I’m not seeing much available office space at all.

 

Per Loopnet, 25%~ of downtown office space is vacant.  Granted, many of those are disjointed spaces (not entire floors), but still, the space exists.  

 

For example, a tenant is always going to prefer to have all of one floor as opposed to half of two floors.  

 

 

Jake  

 

 

7 hours ago, Lazarus said:

 

Per Loopnet, 25%~ of downtown office space is vacant.  Granted, many of those are disjointed spaces (not entire floors), but still, the space exists.  

 

For example, a tenant is always going to prefer to have all of one floor as opposed to half of two floors.  

 

 

Jake  

 

 


Yeah that number is a tricky one at best. 25% seems really high and incorrect. The last update I got over the summer was occupancy was in the mid 80 percents. Also all the good modern spaces are at a premium price per square foot. If you you know of any cheap spaces they are definitely going to be dated at disjointed.

  • 1 month later...

https://www.cincinnati.com/restricted/?return=https%3A%2F%2Fwww.cincinnati.com%2Fstory%2Fnews%2F2023%2F02%2F07%2Fcincinnati-enters-25th-year-of-vying-for-nci-cancer-center%2F69706452007%2F

 

This was an interesting article. It appears that Cincy is getting closer to its status of qualifying for an NCI designation for UC Med Center. This would be huge for the economy. Although, the people In Columbus at the James and Lexington at UK probably would not be overly thrilled to have their market size shrunk with the new local competition. 

 

This would be huge for the emerging biotech sector and clinical trial sector developing in Cincinnati though. 

33 minutes ago, Brutus_buckeye said:

This would be huge for the economy

 

Hooray for cancer!

  • 2 months later...

Cincinnati office market comes back stronger than predicted at start of new year

By Abby Miller  –  Reporter, Cincinnati Business Courier

Apr 19, 2023

 

For the first time since 2019, the Cincinnati region saw positive movement in a key barometer of the health of the local office market, showing a strong start to a year many predicted would be shaky.

 

The Cincinnati office market saw 182,475 square feet of positive net absorption during the first quarter of 2023, according to a report from commercial real estate services firm JLL. Net absorption is the sum of office square footage that became occupied during the quarter, minus the square feet that became vacant during that same period. Positive net absorption means more of the region's leasable office space became occupied than was abandoned.

 

The driver behind that positive absorption was the purchase of the former North American engineering and manufacturing headquarters of Toyota by Answers in Genesis in November 2022, JLL Senior Research Analyst Collin Fitzgerald said.

 

MORE

  • 1 month later...
1 hour ago, KJP said:

Why underrated Cincinnati is the place to pursue every American dream - Ireland Live

https://www.ireland-live.ie/news/travel/1194477/why-underrated-cincinnati-is-the-place-to-pursue-every-american-dream.html

I read a number of these travel articles about the BA flight to Cincinnati and while of course they talk about Cincy, they also often talk about the bourbon trail and many of the cool attractions in Kentucky which often involves a 2 hour drive. Lexington and Louisville are happy to jump in and market themselves on the benefits of such a flight. What I have not seen yet, is why Columbus and Dayton do not get into the mix on this as well because the CVG flight does have tangible benefits to both cities. It is easier to fly direct to CVG and get a car and drive to columbus for business or even tourism for a day or two with the new flight. You would think there would be more marketing from other nearby Ohio cities on this flight as it does benefit them too. 

6 minutes ago, Brutus_buckeye said:

I read a number of these travel articles about the BA flight to Cincinnati and while of course they talk about Cincy, they also often talk about the bourbon trail and many of the cool attractions in Kentucky which often involves a 2 hour drive. Lexington and Louisville are happy to jump in and market themselves on the benefits of such a flight. What I have not seen yet, is why Columbus and Dayton do not get into the mix on this as well because the CVG flight does have tangible benefits to both cities. It is easier to fly direct to CVG and get a car and drive to columbus for business or even tourism for a day or two with the new flight. You would think there would be more marketing from other nearby Ohio cities on this flight as it does benefit them too. 


I actually think it speaks to the much talked about feeling of Cincinnati being on an island and “independent” from the rest of the state. For example over many years I’ve seen people from Cleveland- Columbus use the “isnt Cincinnati in Kentucky?” Attack, well over the past several years I think Cincinnati and its marketing has actually embraced it and it works. Lexington, Louisville- Kentucky have much more synergy with Cincy than the other Ohio markets.

Unlike many surrounding states like Kentucky and Michigan, Ohio has no real identity. So celebrating Cincinnati and Kentucky makes sense to me.

 

Ohio is the butt of jokes, but Kentucky has horse racing and bourbon. Might as well promote it to outsiders as a benefit of Cincinnati

Last weekend I was in Spring Grove Cemetery and saw an out-of-place guy walking around - he turned out to be a tourist from Germany.  He told me that he shipped his camper van from Germany to Halifax, Nova Scotia, and was slowly making his way across the United States on a 90-day visa.  He planned to eventually meet relatives in Oregon, then cross north into British Columbia when his visa ran out, then slowly make his way back to Nova Scotia.  

 

I asked him why he was in the cemetery and he said that he read about it somewhere and always wanted to visit.  I saw him in the new section, near the Sponge Bob.  

24 minutes ago, 646empire said:


I actually think it speaks to the much talked about feeling of Cincinnati being on an island and “independent” from the rest of the state. For example over many years I’ve seen people from Cleveland- Columbus use the “isnt Cincinnati in Kentucky?” Attack, well over the past several years I think Cincinnati and its marketing has actually embraced it and it works. Lexington, Louisville- Kentucky have much more synergy with Cincy than the other Ohio markets.

 

21 minutes ago, ryanlammi said:

Unlike many surrounding states like Kentucky and Michigan, Ohio has no real identity. So celebrating Cincinnati and Kentucky makes sense to me.

 

Ohio is the butt of jokes, but Kentucky has horse racing and bourbon. Might as well promote it to outsiders as a benefit of Cincinnati

I get that part. Obviously VisitCincy is spending money on advertising but so is the Lexington and louisville agencies. To me this is a big opportunity lost for Columbus CVB to not pour money into promoting this route too. Yes, Cincy may have a lot of synergies with Kentucky, and even choose to align itself more with Kentucky than Ohio, but this still should not stop other Ohio cities (and even Indianapolis) from using the flight to promote their city too.  

34 minutes ago, 646empire said:


I actually think it speaks to the much talked about feeling of Cincinnati being on an island and “independent” from the rest of the state. For example over many years I’ve seen people from Cleveland- Columbus use the “isnt Cincinnati in Kentucky?” Attack, well over the past several years I think Cincinnati and its marketing has actually embraced it and it works. Lexington, Louisville- Kentucky have much more synergy with Cincy than the other Ohio markets.

 

Basically this.  Cincinnati has really never embraced "Ohio" or Dayton or Columbus like it has "Kentucky" and Louisville and Lexington.  It certainly has never embraced the third part of the TRI-State aka Indiana.  That goes both ways, as shown by the "Isn't that Kentucky" lines.  Plus, the airport is in Kentucky, not Ohio, AND is called the Cincinnati/NKY Airport, so the Kentucky tourism thing makes total sense. If the airport were in Blue Ash or Monroe, I think Ohio tourism would be more prominent. But alas.

"You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers

Also, tourism is not a big part of Dayton's economy compared to Lexington (horse country) or Louisville (bourbon + horse country). Both of those things draw international tourism, especially from Great Britain. There's a reason they take royalty through Bluegrass country whenever they tour the USA, it's because it feels like home to some extent for them. Which would make that whole area both well known and a destination for Brits.

 

That being said, once Dayton's CVB sees what Louisville and Lexington are doing as far as marketing themselves, they should take advantage of it and do the same for the Air Force Museum, Wright Bros. heritage sites, and Carillon Park. The first two of those sites should draw international interest, and the third with enough education (first practical plane is on display). Columbus does not really have any internationally significant cultural sites or festivals I know of, but it may become more of a draw as a cool place to be a la Austin or Nashville, and a draw in its own right, in coming years.

 

 

Dayton officials were definitely keyed in on the pursuit of the flight and selling Cincinnati-Dayton as one region was a part of the pitch. I don't know if their tourism folks have been doing anything though. Or to what extent they even have tourism people? 

They have the Dayton Convention and Visitors' Bureau (Dayton CVB)

https://www.daytoncvb.com/

 

That's the one I always think of for Dayton. All the surrounding counties have their own as well.

35 minutes ago, SWOH said:

Also, tourism is not a big part of Dayton's economy compared to Lexington (horse country) or Louisville (bourbon + horse country). Both of those things draw international tourism, especially from Great Britain. There's a reason they take royalty through Bluegrass country whenever they tour the USA, it's because it feels like home to some extent for them. Which would make that whole area both well known and a destination for Brits.

 

That being said, once Dayton's CVB sees what Louisville and Lexington are doing as far as marketing themselves, they should take advantage of it and do the same for the Air Force Museum, Wright Bros. heritage sites, and Carillon Park. The first two of those sites should draw international interest, and the third with enough education (first practical plane is on display). Columbus does not really have any internationally significant cultural sites or festivals I know of, but it may become more of a draw as a cool place to be a la Austin or Nashville, and a draw in its own right, in coming years.

 

 

While it will not be a draw to travelers like say the Bourbon Trail or horse racing but both Dayton and Columbus can get some spillover from it. As you get business travelers who may come through CVG for work in those areas (Hello Lexis Nexis), they (or their families) may hold over for a few days and may be drawn to visit places in the Dayton/Columbus area that they would otherwise skip. Right now, it seems as if it is a lost opportunity for those in Columbus and Dayton and even Indy to capitalize on the fact that there is a gateway to their region that has just opened up. 

  • 3 months later...

But TQL is always on the list of Best Places to Work! Are you suggesting those lists are disingenuous and may or may not be voted on my employees given no other choice and coerced into leaving positive reviews!?!?

I have also heard from ex-TQL employees that they will let you go the day before you are owed an annual bonus so they do not have to pay it out, which is quite slimy. 

Best Places to Work if You Don't Value Your Soul

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