Corporate Office HQ

Southwest Airlines Corporate Office

Southwest Airlines

Southwest Airlines began as Air Southwest in 1967 in Dallas, Texas. Rollin King and Herb Kelleher began the airline to provide service within Texas.

In 1971, the company changed its name to Southwest Airlines Company. The company saw heavy losses in 1971 and 1972 and had to sell one of its four aircraft.

History

In 1984, the company purchased its first Boeing 737 plane. In 1985, Southwest purchased Muse Air and renamed the company TransStar.

In 1992, the company acquired Morris Air.

In 1995, Southwest became the first airline to have a website.

In 2011, the company purchased AirTran Airways which added 15 additional destinations to its offerings.

As of 2021, Southwest scheduled flights to over 100 destinations in 42 states, Puerto Rico, Mexico, Central America, and the Caribbean.

Southwest Airlines is the world’s largest airline. The company operates over 3400 flights to 100 destinations daily.

In March 2023, an off-duty pilot had to fly and land a plane after the Southwest pilot suffered a medical emergency.

Despite problems, Southwest is still ranked as one of the best airlines, according to Forbes.

Southwest Airlines maintains a corporate office in Dallas, Texas.

Southwest Airlines began as Air Southwest in 1967 in Dallas, Texas. Rollin King and Herb Kelleher began the airline to provide service within Texas. In 1971, the company changed its name to Southwest Airlines Company. The company saw heavy losses … [Continue reading] about Southwest Airlines Corporate Office

Comcast Corporate Office

Comcast

In 1996, Comcast launched Comcast Online, a broadband internet service. Comcast currently provides broadband service to over 18 million customers.

History

In 2002, Comcast paid $25 million to the University of Maryland to name their basketball arena the Comcast Center.

In 2009, Comcast bought majority ownership in NBCUniversal. Comcast also owns interests in E! Entertainment, the Style Network, G4 and the Golf Channel.

In 2010, the company won a Consumerist award for being the worst company in America.

In February 2020, Comcast purchased a little known ad supported free television service called Xumo. The financial amount paid for Xumo is unknown.

Comcast is currently the largest cable and internet provider in the US. They are also the third largest home telephone provider.

The main corporate office for Comcast is located in the Comcast Center, Philadelphia, Pennsylvania.

Comcast Cable originated in 1963 as American Cable Systems. ACS was founded by Ralph Roberts, Daniel Aaron and Julian Brodsky. The company incorporated in Pennsylvania in 1969 as the Comcast Corporation. In 1996, Comcast launched Comcast Online, a … [Continue reading] about Comcast Corporate Office

Bank of America Corporate Office

Bank of America

Bank of America began in 1904 as Bank of Italy. Amadeo Giannini created the bank in San Francisco to service immigrants that were denied service by other banks.

History

In 1922 the name changed to Bank of America and Italy after Giannini acquired Banca dell’Italia Meridionale.

In 1930, the name Bank of America was finally adopted after a merger.

In 1956, BankAmerica was created as a holding company for Bank of America.

In 1983, the company expanded outside of California with the acquisition of SeaFirst, a Seattle, WA based bank.

In 1997, Bank of America merged with NationsBank.

In recent years, Bank of America has acquired Countrywide Financial and Merrill Lynch. The company has also been under fire for taking $20 billion in government TARP money in 2009.

In November 2019, the company announced that it was partnering with IBM to create a financial services ready public cloud.

Bank of America is currently the second-largest bank holding company in the US. The BoA network contains over 5500 branch locations and 16,000 ATMs.

Bank of America began in 1904 as Bank of Italy. Amadeo Giannini created the bank in San Francisco to service immigrants that were denied service by other banks. In 1922 the name changed to Bank of America and Italy after Giannini … [Continue reading] about Bank of America Corporate Office

WalMart Corporate Office

WalMart

Wal-Mart Stores Inc., usually just called WalMart, was founded by Sam Walton in 1962. Walton purchased one if the Ben Franklin stores in 1945. His focus was on the profit margin. Walton believed that selling products at a lower selling price, but in high volume sales, would make both customer and himself happy with the deal.

Walton was on to something, as sales increased 45% during his first year in business with his Ben Franklin store. When his 5-year lease with the company expired, he was unable to reach a new agreement. Walton opened his own store on Main Street in Bentonville, calling it Waltons Five and Dime. The original store is now a Walmart museum.

History

In 1962, Walton opened his second location on Walnut Street in Rogers, Arkansas.

By 1967, the chain had 24 locations across Arkansas. In 1968, stores were opened in Missouri and Oklahoma.

In 1970, the Walmart corporate office and distribution center was opened in Bentonville, AR. The company also went public the same year, trading stock on the NYSE under the ticker symbol: WMT.

There were 1200 Walmart stores by the company’s 25th anniversary in 1987.

In 1988, Sam Walton stepped down as CEO and was replaced by David Glass. In 2000, H. Lee Scott took over as President and CEO.

By 2005, there were 6200 stores worldwide.

Walmart currently operates nearly 12,000 stores under 55 different names in 15 countries and is the largest retailer in the world. Why Walmart? Walmart’s own customers cite low prices as the most important reason for shopping there. The average American Walmart customer’s income is below the national average, and analysts estimated that more than one-fifth of them lack a bank account, which is twice the national rate. Walmart is often conveniently located near bus stations or close to residential neighborhoods.

Annual revenue for 2016 was $485.87 billion. The company has more than 1.4 million employees in the US alone, with an estimated 2.3 million employees worldwide. Walmart U.S. is the company’s largest division, making up 62.3 percent of all sales.

In early 2016, the company announced that it would close 269 locations, most of them in the US. Most of the closures occur where there is another Walmart location within 10 miles. At the same time, the company announced it had plans to open 60 Supercenters, 95 Neighborhood Markets, 10 new Sam’s Club stores, and approximately 240 international locations in 2017.

The company acquired Jet.Com, an eCommerce site, in August of 2016 for $3.3 billion.

In January of 2017, just one day after stating the company would increase the starting wage of regular employees, the company stated that they were removing about 3,500 store co-managers, a salaried role that acts as a lieutenant underneath each store manager, according to people familiar with the move. It’s also adding about 1,700 assistant store managers, a slightly lower-paid role, who will oversee fast-growing areas like online orders. This means a pay cut for many former co-managers.

The company also abruptly closed about 63 underperforming Sam’s Club locations, without telling their employees, many of whom showed up for work, only to find the doors locked.

In May 2019, the company announced that it would raise prices on nearly every item in the store if Trump’s tariff’s against China went into effect June 1st, 2019.

That same month, Walmart executives also announced that they would be removing tobacco products from some locations and raising the minimum age to purchase tobacco to 21.

In mid-March 2020, Walmart stated that they were going to stop their 24-hour service and begin closing most stores between 10PM and 7AM due to the coronavirus crisis.

A company spokesperson said this was a necessary step in order to allow employees to stock shelves and disinfect stores. The change in hours is also being announced by other retail locations, such as Hy-Vee, Randalls, HEB, and Kroger grocery stores.

Also in March 2020, Walmart stated that they would allow their locations and parking lots to be used for drive-through testing for the CORVID-19 virus. Other locations which also agreed to provide these services include Walgreens, Target, and CVS.

On July 20, 2020, Walmart announced that all customers would be required to wear face masks at all locations. This move is designed to protect customers from the COVID-19 virus.

In July 2021, the Walmart corporate office stated that the company would pay college tuition and books for their workers at certain schools.

In June 2022, Walmart announced that it would pull My Pillow products from all Walmart locations.

Walmart’s corporate office is located in Bentonville, Arkansas.

Wal-Mart Stores Inc., usually just called WalMart, was founded by Sam Walton in 1962. Walton purchased one if the Ben Franklin stores in 1945. His focus was on the profit margin. Walton believed that selling products at a lower selling price, but in … [Continue reading] about WalMart Corporate Office

American Express Corporate Office

American Express

American Express or Amex for short dates all the way back to 1850 as an express mail business in Buffalo, NY. The company was founded by Henry Wells, William Fargo and John Warren Butterfield. These men went on to found Wells Fargo four years later.

The company grew quickly as they had a monopoly on express shipments in New York. In 1880, they built a warehouse behind the Broadway Building.

In 1882, the company launched a money order business and in 1891 they created the Traveler’s Cheque.

History

By 1903, the company had assets of $28 million.

In 1950, the Diners Club card was launched. In 1958, the first “credit” cards were launched. Amex was the first to use a plastic credit card in 1959.

In 1966, the Gold Card was introduced, followed by the Platinum Card in 1984.

Today, American Express cards account for almost a quarter of the total credit card dollars transacted each year.