ghosting the mayor<\/a> after he tried to set up a call amid the uproar.<\/p>\n\u201cI would never, as the mayor, nor would anybody here, stand outside the residence of one of our corporate leaders and say: \u2018We are going to try to figure out a way to tax you out of our city. You\u2019re not welcome here,\u201d he declared. \u201cWe don\u2019t view businesses or their leaders as the enemy.\u201d<\/p>\n
Johnson\u2019s comments came just over a month after a two-day pitch in Manhattan on April 13 and April 14, where he and a delegation of Dallas business leaders wooed Wall Street heavyweights, including JPMorgan Chase, BlackRock, and Fortress Investments.<\/p>\n
Mayor Mamdani announced the plan to \u201ctax the rich\u201d last month in a video filmed outside Ken Griffin\u2019s Central Park home. Mayor Mamdani\/X<\/p>\n
The meetings capitalized on what Johnson described as growing fatigue among New York executives over soaring taxes and open hostility from City Hall and Albany.<\/p>\n
\u201cThe mayor of Dallas, myself, the mayor of New York couldn\u2019t be more diametrically opposed,\u201d Johnson said. \u201cHe is an avowed socialist, I\u2019m an avowed capitalist.\u201d<\/p>\n
Johnson accused Mamdani and Gov. Kathy Hochul of having \u201chostility towards business, and frankly, towards successful individuals,\u201d which is actively driving top talent and entire companies out of the Empire State.<\/p>\n
\u201cThe rhetoric out of New York continues to be increasingly anti-business, and very much anti-capitalist, and showing no signs of reversing itself,\u201d he added.<\/p>\n
Mamdani unveiled a $124.7 billion executive budget this week, closing a deficit in part with an expected $500 million from the so-called \u2018pied a terre\u2019 tax.<\/p>\n
How The Post first depicted the \u2018Y\u2019all Steet\u2019 movement after Mamdani\u2019s election in November. Goldman Sachs CEO David Solomon and JPMorgan\u2019s Jamie Dimon already have large footprints in Dallas. NY Post Design<\/p>\n
During his meeting with JPMorgan Chase, Johnson noted that the banking giant now boasts more employees in Texas than in New York. <\/p>\n
More devastating blows to New York\u2019s tax base and Mamdani\u2019s tax-and-spend appear to be on the horizon, with Johnson saying \u201cmultiple companies\u201d are in talks to relocate their operations to Texas.<\/p>\n
\u201cI would hope by this fall that we\u2019d have some announcements to make of some significant relocations,\u201d the Mayor of Dallas told The Post. <\/p>\n
\u201cThere\u2019s one in particular,\u201d he added. \u201cI think it will send the message loud and clear that we mean business, and that the financial services industry is definitely looking to hedge its bets, and is betting on Dallas and against New York.\u201d<\/p>\n
His sit-down came on the heels of CEO Jamie Dimon\u2019s annual shareholder letter; the veteran Wall Street executive used his yearly missive to lash out at Mamdani\u2019s plans for high taxes and increased red tape.<\/p>\n
Citadel CEO Ken Griffin called Mamdani\u2019s video \u201ccreepy\u201d and suggested he would double down on his Miami investments in light of the Mayor\u2019s business-bashing rhetoric. AFP via Getty Images<\/p>\n
\u201cThey\u2019re saying that\u2019s not a coincidence, that\u2019s just a business decision,\u201d Johnson explained. \u201cI think that we are going to see just a continuous exodus of jobs out of Manhattan, particularly financial services, including JPMorgan Chase, and others.\u201d<\/p>\n
A JPMorgan Chase spokesperson declined to comment, but company insiders said there are \u201cno specific plans\u201d to move more people from New York at present.<\/p>\n
The Jamie Dimon-led lender now employs 31,000 in Texas<\/a>\u00a0\u2014 more than its 24,000 staffers in New York.<\/p>\nThat\u2019s despite the fact that the bank just opened a $3 billion Park Avenue headquarters designed by British superstar architect Norman Foster.<\/p>\n
Goldman Sachs is also building an 800,000 square-foot $500 million \u201ccampus\u201d in Dallas that will eventually house at least 5,000 staffers.<\/p>\n","protected":false},"excerpt":{"rendered":"Dallas Mayor Eric Johnson taunted Zohran Mamdani over his war on Wall Street \u2014 claiming that the Big…\n","protected":false},"author":2,"featured_media":233260,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1534,288,7472,42713,57,9,24,55,54,56,3417,82],"class_list":["post-233259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-banks","tag-business","tag-dallas","tag-eric-johnson","tag-metro","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-wall-street","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=233259"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/233260"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=233259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=233259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=233259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}