Billionaire hedge fund manager Bill Ackman is backing Mayor Eric Adams in his independent reelection effort, urging former Governor Andrew Cuomo to step back to enhance Adams' chances against Democratic nominee Zohran Mamdani, a democratic socialist Assembly member. Ackman, who previously supported Cuomo with a significant donation, believes that Adams is better positioned for success. He observed Cuomo's lack of energy and readiness for the fight, contrasting it with Adams' enthusiasm and capability as a campaigner, emphasizing the need for the right leadership to win the election.
Bill Ackman is supporting Mayor Eric Adams' independent reelection campaign, urging Andrew Cuomo to step aside in order to improve Adams' chances against Democratic nominee Zohran Mamdani.
Ackman noted Cuomo's lack of energy and readiness compared to Adams, stating Cuomo seems 'not up for the fight' while praising Adams' campaign abilities and grassroots leadership.
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