Mayor Mamdani to the business community: \u201cDrop Dead.\u201d<\/p>\n
And the business community is falling to the floor and rolling over.<\/p>\n
In his latest absurd and counterproductive attack against the city business community, Mamdani has banished executives from a fund-raising advisory board<\/a> to finance various charities.<\/p>\n Yep, that\u2019s 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.<\/p>\n But we can\u2019t have those evil capitalists in the Mamdani government, so they\u2019ll likely be replaced by union representatives.<\/p>\n And if the new board raises less money from Wall Street for charity? Mamdani doesn\u2019t care; he\u2019d rather tax them anyway.<\/p>\n \t\t\tMore From\t\t\t\t\t\t\tCharles Gasparino<\/p>\n What I find most fascinating about this is that Mamdani believes he can get away with it \u2014 and he\u2019s right.<\/p>\n Despite rumblings about looking to relocate to Texas and Florida<\/a>, the business community hasn\u2019t fought back against his constant attacks by picking up and leaving.<\/p>\n 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.<\/p>\n \t\t\t\t\t\t\tCharlie Gasparino has his finger on the pulse of where business, politics and finance meet\t\t\t\t\t\t<\/p>\n \n\t\t\t\t\t\t\tSign up to receive On The Money by Charlie Gasparino in your inbox every Thursday.\t\t\t\t\t\t<\/p>\n \t\t\t\t\t\tThanks for signing up!\n\t\t\t\t<\/p>\n \u201cMost big businesses here are just sucking it up and staying,\u201d one C-suite executive at a major Wall Street firm told me. \u201cAnd nothing is changing.\u201d<\/p>\n Consider: Ken Griffin was an early target of Mamdani\u2019s class-warfare wrath with a tasteless and dangerous video posing in front of the Citadel chief\u2019s pied-\u00e0-terre in midtown.<\/a><\/p>\n Citadel is headquartered in Miami, and Griffin rightly took offense to the stunt and had threatened to cut back on Citadel\u2019s planned expansion in Manhattan into a new office tower on Park Avenue.<\/a><\/p>\n But the New York project will be completed and the expansion is largely intact, I am told. Steven Roth, CEO of Vornado Realty Trust, Citadel\u2019s partner, gushed Tuesday about the skyscraper\u2019s potential in the land of Mamdani, calling Griffin \u201cas our 60% partner, and Citadel as our 1 million-square-foot anchor tenant.\u201d<\/p>\n \u201cWe are extremely excited and bullish about the potential returns from this project.\u201d<\/p>\n Apollo Global is now in the process of setting up what has been described as a second headquarters in low-cost Austin, Texas<\/a>. But my sources at the big asset management say it\u2019s not looking to relocate from NYC; Mamdani\u2019s city remains its official headquarters.<\/p>\n JPMorgan, the nation\u2019s biggest bank, now employs more people in Texas than Gotham<\/a>. But CEO Jamie Dimon, who has met with Mamdani and understands his lefty modus operandi, isn\u2019t planning any big moves either. In fact, after their sit down, at JPM\u2019s swanky new global headquarters on Park Avenue, Dimon vowed to work with our Marxist mayor,<\/a> handing him a book on public-private partnerships.<\/p>\n Officials at the Partnership for NYC, including its chief Steven Fulop, are rightly incensed by the mayor\u2019s attacks on business \u2014 the very people who pay most of the bills in this ever increasing welfare state. When I mentioned that businesses are not fighting back by leaving, he sent me a list of those who had left for Texas since 2015. It\u2019s both shockingly short, and devoid of any big names that have the power to put a dent in the fiscal side of Mamdani\u2019s socialist plans.<\/p>\n Will business ever wake up that they\u2019re feeding the monster who wants to devour them?<\/p>\n","protected":false},"excerpt":{"rendered":"Mayor Mamdani to the business community: \u201cDrop Dead.\u201d And the business community is falling to the floor and…\n","protected":false},"author":2,"featured_media":314202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[7483,288,2375,1500,18649,9,24,55,54,56,299,82],"class_list":["post-314201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-apollo-global-management","tag-business","tag-jamie-dimon","tag-jpmorgan-chase","tag-ken-griffin","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-opinion","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/314201","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=314201"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/314201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/314202"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=314201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=314201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=314201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}