The Decline of L.A.

New Geography reports on the decline of L.A. :

Once a beacon for up-and-coming companies, L.A.'s corporate community is diminishing, and the person who had the most potential, Elon Musk, recently announced his departure for Texas. Southern California is home to just 19 Fortune 500 companies today, equal to Denver and Seattle and roughly half the number in the Bay Area, Dallas and Houston, not to mention New York and Chicago. This year, a long time corporate power, the real estate firm CBRE, decided to move from its downtown L.A. office to Dallas.

An article worth your time.