Despite a head office move to Boston, United Technologies CEO Gray Hays told FOX Business that the idea of leaving Connecticut for high taxes was "obviously wrong."
We make compromises of equals. We compromise on the name. We make compromises on board composition. We compromise on the location of the headquarters, "he told Maria Bartiromo on Wednesday, adding that this will remain a" big, big base "for the company.
"When you move from Connecticut to Massachusetts, it's not like you're switching from high-cost to low-cost. The fact is that we believe that there is a huge talent base in [Massachusetts] in the Boston area It's not about Connecticut being a bad place to invest or a bad place, "he explained.