March 6, 2007

Comerica leaves Michigan

Randy Paschke, chair of the Department of Accounting in the School of Business Administration, participated in an extensive phone interview with Fox 2 co-anchor Sherry Margolis about Comerica's announced move of their corporate headquarters to Texas. Paschke said the announced relocation and subsequent loss of 200 jobs is not good news for Michigan, particularly as other companies such as Pfizer have also decided to move. He added that probably a lot of the remaining (7,300) jobs would remain in Michigan, however, the types of jobs would change as the higher-level employee positions move to the new corporate headquarters.

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