As T. Rowe Price weighs whether to remain at its Pratt Street headquarters in the heart of Baltimore, the safety of its employees is a key concern, the company's CEO said Wednesday.
Employees of the Baltimore-based money manager have been harassed by groups of youths and one of Price's vendors from New York was mugged outside his downtown hotel within the past two months, said CEO James A. C. Kennedy. Price contacted the city several weeks ago about its concerns.
"We told the mayor safety is a big issue," Kennedy said. "We want to make sure our people feel safe walking the streets of Baltimore."
Mayor Stephanie Rawlings-Blake said she moved swiftly to address Price's concerns as soon as she learned about them.
"I'm not trying to downplay any of the concerns," the mayor said. "However, crime in downtown has declined dramatically over the years."
Most of the complaints Baltimore Police Department received this year in the Inner Harbor area involve car break-ins, although police investigated about 50 common assaults and more than 20 robberies. In April, a 20-year-old Cheesecake Factory employee was fatally stabbed after leaving the Inner Harbor restaurant in the early morning hours.
Price, a fixture in downtown since its founding 76 years ago, said in April that it was exploring options for its headquarters, currently at 100 E. Pratt St. Its lease at that building, which towers over the Inner Harbor, expires in 2017.
But Price also could decide to stay put, renewing its lease for the downtown offices where 1,271 employees work. The building added guards and other security features about four years ago.
Michael Lewis is the Sheriff in Wicomico County: “I was sick to my stomach like everybody else. … This was urban warfare, no question about it. They were coming in absolutely beaten down. The [city officers] got out of their vehicles, thanked us profusely for being there, apologized to us for having to be there. They said we could have handled this, we were very capable of handling this, but we were told to stand down, repeatedly told to stand down,” he said. “I had never heard that order come from anyone — we went right out to our posts as soon as we got there, so I never heard the mayor say that. But repeatedly these guys, and there were many high-ranking officials from the Baltimore City Police Department … and these guys told me they were essentially neutered from the start. They were spayed from the start. They were told to stand down, you will not take any action, let them destroy property. I couldn’t believe it, I’m a 31-year veteran of law enforcement. … I had never heard anything like this before in my life and these guys obviously aren’t gonna speak out and the more I thought about this, … I had to say a few things. I apologize if I’ve upset people, but I believe in saying it like it is.”A stand-down order from the black mayor of Baltimore? But what of private property rights and the equity/value in commercial and residential real estate within the 65% black city? After all it was the black mayor of Baltimore - who allowed blacks to terrorize the city and forced police to only watch the city burn and stores get looted, - who promised T. Rowe Price she'd work with the company to address their safety concerns. [T. Rowe Price to remain in downtown Baltimore through 2027, Baltimore Sun, 12-13-2013]:
Landlord Columbia Property Trust and the city worked to address questions about safety, increasing patrols in the area and updating the building's security cameras to link to the Police Department's command center, T. Rowe Price spokeswoman Kylie Muratore said.
Mayor Stephanie Rawlings-Blake said she is committed to continuing to work with the company as problems arise.
"One of the main things I wanted to stress with the leadership of T. Rowe Price is that I wanted them to feel very comfortable reaching out to me with their specific concerns," she said. "In order for us to make sure we get it right, we have to stay in communication."The black mayor of Baltimore is right: "communication" is vital. Recall what she said about black rioters terrorizing private property owners and businesses (including a white male who was pulled from a liquor store and beating by a mob of black youth) - "Let them loot, it's only property." [‘Let Them Loot, It’s Only Property’: LEO Source Claims Baltimore Mayor Ordered Cops to Stand Down, The Blaze, 4-29-2015]:
A senior law enforcement source told Fox News that Baltimore Mayor Stephanie Rawlings-Blake ordered police officers to stand by and watch the looting Monday.“Let them loot, it’s only property,” Rawlings-Blake said, according to Fox News’ source.
When the source was asked directly if that order came from the mayor, he replied: “You are goddamn right it was.”
Representatives for the Baltimore mayor did not immediately respond to a request for comment from TheBlaze, but the mayor denied the claim in an interview with Fox News.
“So there was no order to hold back?” host Bill Hemmer asked Rawlings-Blake.“No,” she replied. “But you have to understand, it’s not holding back. It’s responding appropriately.”"Responding appropriately," means criminalizing the use of the word 'thug' by any white person who dares define the actions of black people in that manner and standing by rival black gang members as the foundation of the New Baltimore being born from the purge (all in the name of Freddie Gray).
Though 65 percent black Baltimore is famous for its black population being reticent to snitch on black criminals to police (one of the lowest clearance rates for homicides in America), downtown Baltimore does have some signifiant Class A office space in danger of seeing lower occupancy rates if the true merger of the Black Guerrilla Family gang with the Black Elected/Appointed city officials does take place.
T. Rowe Price, a company founded in a much different Baltimore than one found in 2015, worried about black violence in 2013; now, the black violence of 2015 forced many of its employees to work from home. [Baltimore violence pushes financial professionals to remote locations: Fires are out but firms including T. Rowe Price and Legg Mason are keeping employees far from the fray, Investment News, 4-28-15]:
The rioting and fires that broke out in the streets of West Baltimore Monday have mostly been extinguished, but many of the city's advisers and financial professionals are working remotely.
At Adams Funds, chief executive Mark Stoeckle put the firm's continuity plan into motion after Maryland Governor Larry Hogan declared a state of emergency and called in the National Guard late Monday.
The firm, which manages about $2.5 billion in closed end fund money, is open but everyone is allowed to work from home if they choose.
“We are not interested in putting anyone in a harmful situation,” he said. “The beauty of the technology is that as long as people are comfortable with it, operations are seamless.”
Mutual fund company T. Rowe Price closed its downtown Baltimore headquarters and has employees working from home as a result of Monday's violence, which erupted following the burial of Freddie Gray, a 25-year-old who died while in police custody earlier this month.
T. Rowe, which has about $773 billion in assets under management, moved its trading desk to an office in Linthicum, Md., and is sending its employees in Owings Mills, Md., a suburb of Baltimore, home early because of what it called a credible threat to a nearby shopping mall.
“The safety and security of our associates remains our paramount concern,” said Edward Giltenan, spokesperson for T. Rowe, which employs about 4,300 in Maryland. “These business continuity procedures are working as designed and there has been no disruption in client service.”
After all, the black mayor of the city turned control of Baltimore's streets the black rioters and personally ordered the Baltimore Police Department to stand down; Marilyn Mosby, the state's attorney who cited 'no justice, no peace' as a rationalization for charging six cops with homicide in Freddie Gray's death, also is against the Baltimore Police:
At the same time, Mosby's political life is complicated. She has ties to the Gray family's attorney, William H. "Billy" Murphy Jr.; he donated $5,000 to her campaign and served on her transition committee. And her husband, Nick, serves on the City Council, representing the area where Gray died.At what point does the business community in Baltimore realize the interests of black elected (or black appointed) officials are not to protect private property or see that justice is done, but only to promote blackness at any expense?
Baltimore Police Departmentturned over to her. "She doesn't trust the police herself," he told the protesters on Tuesday night.
A large black population is a liability while the lack of a black population is the most invaluable asset for long-term sustainability: all responsible corporate owners should remember.