Harman To Move Corporate Staff to Connecticut
Harman International announced Tuesday that, in an effort to streamline operations, it is closing its Washington, D.C., office and moving its entire corporate staff to Stamford, Conn. The Washington Examiner newspaper reported that the move will affect about 30 employees.
According to the paper, the move is being made to move the employees closer to CEO Dinesh Paliwal, who is based in Stamford, and also to place them in proximity to the New York financial markets.
Harman has been in trouble since last fall, when a pair of private equity firms dropped out of a deal to acquire the company for $8 billion.