* Maybe this guy is way too overconfident that Illinois will cave in to ADM’s demands, or maybe ADM is moving to Chicago no matter what. Tribune…
D. Cameron Findlay, ADM’s recently hired senior vice president and general counsel, paid $2.619 million for a 21st-floor condominium unit in a newly built Lincoln Park tower in Chicago.
Findlay closed on the unit in early September, before the company went public with its announcement that it’s planning to move its headquarters. It has said Chicago is its preferred city, although it’s seeking $24 million in tax incentives and is entertaining offers from other states.
Victoria Podesta, spokeswoman for Decatur-based Archer Daniels Midland insisted that the company has not yet made a decision – even privately – on where it will move its headquarters.
She noted Findlay is a Chicago-area native, but that “the reasons people buy homes are private, and I won’t comment on that.”
“He works out of our corporate office, and he’s prepared to work where he’s needed,” she said.
Not to mention that the condo he bought is worth over twice as much as the company’s $1.2 million annual tax break request.
Sure would be a shame if the company missed out on a sweet state tax break because somebody found a must-have condo in Yuppyville.