Wall Streeters slam Mamdanis new Business Advisory Council calling it phony, waste of time

Wall Streeters slammed New York City Mayor Zohran Mamdani’s new so-called “Business Advisory Council,” calling it “phony” and a “waste of time” after the far-left pol delivered months of insults to the business community.The panel aims to tap key industries for advice and feedback to the mayor, Bloomberg reported Friday.It said the Mamdani administration has invited bankers including Robert Wolf, the former chief executive officer of UBS Americas and an ally of former President Obama’s.“Phony.

A pretend effort to fool reasonable people into thinking [Mamdani] is willing to be reasonable towards business,” a top Wall Street said of the board.A Wall Street CEO called it “probably a waste of time,” scoffing that Wolf is “a bag of air.”Asked for comment, a Wall Street lawyer said of Wolf, a major Democratic Party donor: “The old UBS guy? He’s kind of a douche.”Mamdani recently axed the advisors of a major nonprofit that channels private sector donations to fund city initiatives.The 35-year-old dismissed all of the advisory board members of the Mayor’s Fund to Advance New York City.The new advisory board will be a poor substitute, the lawyer said.“It only exists to get checks from appointees for the mayor’s pet projects,” the person said.“Mam is appointing many folks who can’t write checks, so I don’t get it.Wolf dismissed the criticism as “uninformed gossip.”“If Mamdani or anyone else asks for my advice on how to make New York city thrive, I would raise my hand if they were Democrat or Republican,” he told The Post.Wolf declined to confirm whether he’s joining the business panel.A separate source briefed on the matter said there has been “no formal ask or acceptance” among the names floatedThe new group is set to provide the mayor with direct feedback from the finance, technology and real estate sectors.Along with Wolf, City Hall has reportedly invited ex-Lazard global investment banking chief Antonio Weiss...