"Mayor Zohran Mamdani stepped up his outreach to New York's business elite this week in an attempt to soothe the feelings of the city's richest denizens, who remain miffed over a video shot in front of a billionaire's apartment announcing a plan to tax second homes."
"Mamdani sat down on Monday with JPMorgan CEO Jamie Dimon at the bank's Manhattan headquarters and with Goldman Sachs CEO David Solomon at Gracie Mansion. The meetings follow similar listening sessions with the heads of Blackstone and Bank of America and follow the uproar of the mayor starring in a video that used billionaire Ken Griffin's $238 million apartment as a backdrop to announce a tax on non-primary residences valued at $5 million or more."
"Griffin - who owns more than a dozen homes, including two in the city - was not pleased by his inclusion in the recording, calling it a "frightening" threat that made him fear for his life. Fellow business execs were equally incensed; Apollo Global Management reportedly decided to open a "second headquarters" outside New York, while hedge-fund manager Dan Loeb mused that the video would lead to an exodus to Florida."
"Steven Roth, the CEO of Vornado Realty Trust, described the mayor's "tax the rich" commentary "to be just as hateful as some disgusting racial slurs," including calls for ethnic cleansings. (Yes, really!) A spokesman for JPMorgan told the New York Times the mayor and Dimon "had a constructive conversation around the importance of government and business working well together to help New Yorkers and to keep the city competitive.""
Mayor Zohran Mamdani increased outreach to New York’s business leadership after anger over a video filmed in front of billionaire Ken Griffin’s apartment. The video announced a tax on non-primary residences valued at $5 million or more. Griffin criticized the recording as frightening and said it made him fear for his life. Other executives reacted with threats of relocation, including plans for a second headquarters outside New York and speculation about moving to Florida. Vornado Realty Trust CEO Steven Roth condemned the mayor’s “tax the rich” remarks as hateful. Mamdani met JPMorgan CEO Jamie Dimon and Goldman Sachs CEO David Solomon, following similar sessions with Blackstone and Bank of America leaders.
Read at Intelligencer
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