multi source·18h ago·11 sources analyzed
Citadel Responds to NYC Mayor's Tax Plan Critique
Citadel's leadership criticized NYC Mayor Zohran Mamdani for featuring a billionaire's penthouse in a tax proposal video. The firm suggested potential investment changes in response. (sources: bloomberg, fortune, ft, cnbc, nypost)
Image: cnbc
ModernAction Briefing
Citadel's leadership labeled Mamdani's use of Ken Griffin's penthouse in a tax promotion video as 'shameful.' The firm indicated it might reconsider a significant investment in Manhattan due to the mayor's tax stance.
- Citadel's COO expressed concerns about a potential $6 billion investment in Midtown Manhattan following Mamdani's tax proposal.
- Mamdani featured Griffin's $238 million penthouse in a video promoting a 'tax the rich' initiative.
- Citadel's leadership publicly criticized Mamdani's actions in a companywide memo.
Why it matters
The exchange highlights tensions between business interests and local government tax policies in New York City.
No specific legislation identified for action yet.
Top coverage · 11 sources
bloombergCitadel Sends Warning Shot to NYC After Mamdani Blasts Billionaire GriffinfortuneKen Griffin’s Citadel fires back at NYC Mayor Zohran Mamdani ‘tax the rich’ video featuring his $238 million penthouseftKen Griffin’s Citadel attacks Zohran Mamdani for using his penthouse to sell New York tax plancnbcNYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful'