Mamdani is nothing but hostile to NYC business community but leaders still wont stand up to him
Mayor Mamdani to the business community: “Drop Dead.”And the business community is falling to the floor and rolling over.In his latest absurd and counterproductive attack against the city business community, Mamdani has banished executives from a fund-raising advisory board to finance various charities.Yep, that’s as dumb as it sounds.These people had good ties to the business community, and helped raise money for first responders, schoolchildren and other causes.But we can’t have those evil capitalists in the Mamdani government, so they’ll likely be replaced by union representatives.And if the new board raises less money from Wall Street for charity? Mamdani doesn’t care; he’d rather tax them anyway.What I find most fascinating about this is that Mamdani believes he can get away with it — and he’s right.Despite rumblings about looking to relocate to Texas and Florida, the business community hasn’t fought back against his constant attacks by picking up and leaving.My sources say banks, asset managers, law firms and the like might make some out-of-state moves, but they are largely staying put, hoping Mamdani and his socialism is eventually voted out of office.
Sign up to receive On The Money by Charlie Gasparino in your inbox every Thursday.Please provide a valid email.
By clicking above you agree to the Terms of Use and Privacy Policy.Never miss a story.
“Most big businesses here are just sucking it up and staying,” one C-suite executive at a major Wall Street firm told me.“And nothing is changing.”Consider: Ken Griffin was an early target of Mamdani’s class-warfare wrath with a tasteless and dangerous video posing in front of the Citadel chief’s pied-à-terre in midtown.Citadel is headquartered in Miami, and Griffin rightly took offense to the stunt and had threatened to cut back on Citadel’s planned expansion in Manhattan into a new office tower on Park Avenue.But the New...