{"id":236139,"date":"2026-05-19T00:18:09","date_gmt":"2026-05-19T00:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/236139\/"},"modified":"2026-05-19T00:18:09","modified_gmt":"2026-05-19T00:18:09","slug":"mamdani-the-tax-the-rich-mayor-meets-with-titans-of-finance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/236139\/","title":{"rendered":"Mamdani, the \u2018Tax-the-Rich\u2019 Mayor, Meets With Titans of Finance"},"content":{"rendered":"<p class=\"css-ac37hb evys1bk0\">Barely a month ago, Mayor Zohran Mamdani of New York City triumphantly used the billionaire Ken Griffin\u2019s $238 million apartment as a prop in a social media video hailing a state plan to tax multimillion-dollar second homes.<\/p>\n<p class=\"css-ac37hb evys1bk0\">But on Monday, as Mr. Mamdani met with two captains of finance, he seemed eager to project a more business-friendly demeanor.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Mr. Mamdani met first with Jamie Dimon, the chief executive of JPMorgan Chase, who had in a recent letter to shareholders warned that New York\u2019s tax policies risked driving business out of New York City.<\/p>\n<p class=\"css-ac37hb evys1bk0\">\u201cNo city \u2014 or company or country \u2014 has a divine right to success,\u201d Mr. Dimon wrote <a class=\"css-yywogo\" href=\"https:\/\/www.jpmorganchase.com\/ir\/annual-report\/2025\/ar-ceo-letters\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">in April.<\/a><\/p>\n<p class=\"css-ac37hb evys1bk0\">Afterward, Mr. Mamdani met with David M. Solomon, the chief executive of Goldman Sachs, at Gracie Mansion, the mayor\u2019s official residence.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Joe Evangelisti, a spokesman for JPMorgan Chase, said that Mr. Dimon and the mayor \u201chad a constructive conversation around the importance of government and business working well together to help New Yorkers and to keep the city competitive.\u201d A spokesman for Goldman Sachs had no comment.<\/p>\n<p class=\"css-ac37hb evys1bk0\">In a statement, the mayor\u2019s press secretary, Joe Calvello, described the meeting with Mr. Dimon at the company\u2019s new Park Avenue headquarters as \u201cgenial.\u201d<\/p>\n<p class=\"css-ac37hb evys1bk0\">It was unclear how long either meeting had been in the works.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Mr. Mamdani is New York City\u2019s first mayor to be wholly associated with democratic socialism, and his tax-the-rich campaign platform has long annoyed many in the business community.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Relations between the mayor and big business grew particularly heated on Tax Day, when Mr. Mamdani pointed stood outside Mr. Griffin\u2019s lavish Midtown Manhattan home and portrayed it as Exhibit A in his case for taxing pricey second homes. The video has since been viewed more than 52 million <a class=\"css-yywogo\" href=\"https:\/\/x.com\/NYCMayor\/status\/2044508902809628760?s=20\" title=\"\" rel=\"noopener noreferrer nofollow\" target=\"_blank\">times<\/a> on X.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Mr. Griffin responded with a publicity tour of his own, describing the mayor\u2019s video as \u201ccreepy and weird,\u201d and suggesting that it had put his life in danger.<\/p>\n<p class=\"css-ac37hb evys1bk0\">The mayor \u201cseems to have forgotten that the C.E.O. of another American company was assassinated just blocks from where I live in New York,\u201d he said, referring to the 2024 murder of <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/06\/nyregion\/unitedhealthcare-brian-thompson-shooting.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">Brian Thompson<\/a>, the UnitedHealthcare chief executive.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Then Vornado Realty Trust chief executive Steven Roth, Mr. Griffin\u2019s partner in the development of a new tower on Park Avenue, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2026\/05\/05\/nyregion\/roth-mamdani-griffin-rich.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">joined the fray<\/a>, comparing Mr. Mamdani\u2019s tax-the-rich rhetoric to hate speech.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Since then, Mr. Mamdani has been making the rounds on what appears very much like a big business reconciliation tour.<\/p>\n<p class=\"css-ac37hb evys1bk0\">Last week, Mr. Mamdani met with the Blackstone president, Jonathan Gray, a meeting that the mayor set up after the Griffin outcry, a person familiar with the matter said. The mayor also met with Brian Moynihan, the Bank of America chief executive, at the end of last month.<\/p>\n<p class=\"css-ac37hb evys1bk0\">\u201cThe mayor has had a number of productive meetings with business leaders over the past few months, and he looks forward to continuing to engage with the business community because he recognizes the critical role that the business leaders play in our economy and in our city,\u201d a spokeswoman for Mr. Mamdani, Dora Pekec, said.<\/p>\n<p class=\"css-ac37hb evys1bk0\">In the meeting between the mayor and Mr. Dimon, Mr. Calvello said the two men talked about \u201cthe importance of rooting out waste in government, cutting red tape\u201d through land-use reform \u201cand how the public and private sectors can collaborate to deliver both excellent public goods and a thriving city where all New Yorkers can succeed.\u201d<\/p>\n<p class=\"css-ac37hb evys1bk0\">Mr. Mamdani, he added, \u201calso expressed appreciation for JPMorgan Chase\u2019s longstanding presence in the city.\u201d<\/p>\n<p class=\"css-ac37hb evys1bk0\">For his part, Mr. Dimon gave the mayor a copy of \u201cOur Towns,\u201d a 2018 <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2018\/06\/12\/books\/review\/our-towns-james-deborah-fallows.html\" title=\"\" rel=\"nofollow noopener\" target=\"_blank\">book<\/a> by James and Deborah Fallows, in which the authors explore the United States by propeller plane, spending time \u201cchatting up the economic development czars\u201d in various localities and emphasizing the importance of public-private partnerships, according to a book review in The New York Times.<\/p>\n","protected":false},"excerpt":{"rendered":"Barely a month ago, Mayor Zohran Mamdani of New York City triumphantly used the billionaire Ken Griffin\u2019s $238&hellip;\n","protected":false},"author":2,"featured_media":9185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[11290,83625,92405,13448,1443,87854,1445,9,24,11,10,49,51,50,92404,1446],"class_list":["post-236139","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-banking-and-financial-institutions","tag-david-m","tag-dimon","tag-goldman-sachs-group-inc","tag-james","tag-jpmorgan-chase-company","tag-mamdani","tag-new-york","tag-new-york-city","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-solomon","tag-zohran"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/236139","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=236139"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/236139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/9185"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=236139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=236139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=236139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}