	san francisco not region hurt by restructuring corporate mergers and uisitions in and around san francisco over the past seven years have had only a modest effect on the metropolitan area s economy a leading business backed organization said the bay area council a group of more than business firms said that a study of corporate restructuring in a nine county area found that san francisco itself had suffered some ill effects from corporate shake ups but that surrounding communities had not seventeen of the fortune companies in the area left due to corporate restructuring between and but another firms were added to the list ten of the departing companies were based in san francisco during the period only six located in the city achieved fortune status ted hall a council director and local managing director of mckinsey and co which conducted the survey said the study grew out of concern that mergers and uisitions had seriously hurt the economic climate of northern california however hall said that only about jobs had been lost in the region while more than new jobs were created during the period at the same time he said the region experienced a greater rise in per capita income and lower unemployment than the rest of the united states and california council president george keller who also is chairman and chief executive officer of chevron corp told a news conference that the region had difficulties in persuading companies to locate there because of a fragmented local political system but he said that because of the amenities of living in san francisco he was the envy of many chief executives in other metropolitan area it s a great place to run a business he added but it s a hell of a place to do business with government the study concluded that chevron which mergered with gulf oil in would benefit in the long run from the restructuring activity among the corporate headquarters lost during the period were crown zellerbach memorex southern pacific castle cooke and rolm companies that grew enough during the period to make the fortune list included apple computer pacific telesis mckesson tandem computer u s leasing and amfac the study by the management consulting firm said that partly due to corporate restructuring the rate of job growth in san francisco has slowed since in addition it said that the loss of corporate leadership had adversely affected some of the bay area s civic and charitable activities reuter 
