NYC Mayor Mamdani knocked Ken Griffin in pied-a-terre tax promo. His firm calls the move 'shameful'
CNBC • • business
Key Points:
- Citadel criticized New York City Mayor Zohran Mamdani for singling out CEO Ken Griffin in his proposal for a new pied-à-terre tax targeting wealthy non-resident homeowners.
- Mamdani proposed an annual surcharge on high-value homes ($5 million+) owned by non-primary residents, unveiling the plan in a video outside Griffin's Central Park South residence.
- Citadel's COO Gerald Beeson condemned the move as showing "ignorance and disdain," emphasizing the company's significant tax contributions—nearly $2.3 billion over five years—and its major redevelopment projects in NYC.
- Despite Griffin relocating Citadel's headquarters to Miami and making Florida his primary residence, Citadel highlighted its deep ties to NYC, including substantial philanthropic donations and employee involvement in local charitable boards.
- Beeson stated that while political rhetoric may target successful firms, Citadel remains committed to supporting New York City's long-term growth and prosperity.
