History of Omaha

In the 1980s and 1990s, Omaha also saw major company headquarters leave the city, including Enron, founded in the city in 1930 and taken to Houston in 1987 by the now-notorious Kenneth Lay. First Data Corporation, a large credit-card processor, also was founded in Omaha in 1969; as of 2009, its headquarters are in Atlanta.

Bozell, once one of the largest advertising agencies in the United States, according to Advertising Age, was founded in 1921 as Bozell and Jacobs and is famous for campaigns including Pork: The Other White Meat and Got Milk? The firm left for New York in 1997 when it was acquired by True North. Inacom, founded in Omaha in 1991, was a technology company that customized computer systems for large businesses, and was on the Fortune 500 list from 1997 until 2000, when it filed for bankruptcy. Northwestern Bell, the Bell System affiliate for Northwestern states, had its headquarters in Omaha from its founding in 1896 until it moved to Denver in 1991 as US West. Level 3 Communications, a large Tier 1 network provider, was founded in Omaha in 1985 as Kiewit Diversified Group, a division of Kiewit Corporation, a Fortune 500 construction and mining company still headquartered in Omaha; Level 3 moved to Denver in 1998. World Com was founded by a merger with Omaha's MFS Communications, started as Metropolitan Fiber Systems in 1993. MFS backed by Kiewit Corporation CEO Walter Scott and Warren Buffett, purchased UUNET, one of the largest Internet backbones in the world, for $2 billion in 1996. The now-infamous Bernie Ebbers purchased the much larger MFS for $14.3 billion in 1997 under his World Com. He moved headquarters of the merged company from Omaha to Mississippi.

21st century

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