Can a socialist mayor and Wall Street coexist? New York is about to find out.

Mayor-elect Zohran Mamdani is confronting a skeptical business community in the wake of his election victory.

Read the full story here.


NEW YORK — Mayor-elect Zohran Mamdani is facing a deeply skeptical business community that has long called the shots in New York. But don’t go looking for the moving vans just yet.

Gotham’s business elite are taking a wary — but open-minded — view of the young democratic socialist who wants to hike their taxes, quotes Eugene Debs and believes billionaires shouldn’t exist.

Kathy Wylde, the president of the business-backed Partnership for New York City, compared the relationship between her constituents and the mayor-elect to the seven stages of grief.

“We’re moving toward acceptance,” Wylde said.

Still, contingency plans are being prepared by some, even as the city’s wealthiest residents consider how to court the incoming mayor.

“Business people, smart business people, going into this are thinking, ‘Watch your ass, you’re in combat,’” said John Catsimatidis, a billionaire oil executive, grocery store tycoon and ally of President Donald Trump. “I talked to him once. He’s a young kid … He never ran anything. If he came in with a job application I wouldn’t hire him to run a supermarket.”

Catsimatidis, who unsuccessfully pressed Republican Curtis Sliwa to get out of the mayoral race to aid former Gov. Andrew Cuomo’s bid,

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Articles written by Lance Haynie are licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

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The views and opinions expressed are those of Lance Haynie, and do not represent the official position of his employer or any affiliated organization.
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