Citadel's Ken Griffin should have absolutely zero tolerance for far-left New York City Mayor Zohran Mamdani.
In a recent promotional video, Mamdani attempted to turn the billionaire's Manhattan penthouse into political ammunition for his tax-the-wealthy, anti-capitalist crusade to fund socialist experiments through a proposed pied-à-terre tax.
Happy Tax Day, New York. We’re taxing the rich.pic.twitter.com/Wky2LFXC9W
For Griffin and Citadel, alarm bells should be ringing because these unhinged Marxists in City Hall will attempt to ruin the Citadel brand through an information war and create years of political headaches.
Aninternal messagefrom Citadel's COO to employees, likely leaked to The Wall Street Journal earlier last week, appears to have been a warning shot to Mamdani and his Marxist pals that Griffin has had enough of their political games.
In a true 'FAFO' moment, CCO Gerald Beeson bashed Mamdani for the political stunt:
"It is shameful that he used Ken's name as the example of those who supposedly aren't carrying their fair share of the burdens associated with New York City's often costly and wasteful spending."
Beeson warned that further political games risk Citadel pulling back or even halting a $6 billion redevelopment of 350 Park Avenue, which would create "6,000 highly paid construction jobs and support the creation of more than 15,000 permanent jobs in Midtown New York."
Why Mamdani's team of socialists decided to launch an info war operation against Griffin and Citadel is a very good question, and it appears not to have been well thought out.
Griffin holds some unique cards. He can easily cancel the 350 Park Avenue redevelopment plan and stage a Chicago-style exodus, much like he did several years ago when Citadel moved to Florida. This move would certaintly rattle Wall Street.
Source: ZeroHedge News
