Honeywell's proposed merger and move to New Jersey worries many in Minneapolis , where the company's charitable giving and community activism is having a big effect on neighborhoods. Honeywell chairman and CEO Micheal Bonsignore tried to reassure civic leaders the company will remain a strong presence when headquarter operations move east. But Minneapolis leaders worry that once the city -- and especially the Phillips neighborhood -- is out of sight of key executives, it will also be out of mind when it comes to community-building activities.