Business Leaders Split Over Zohran Mamdani’s Election as New York City Mayor
Reactions from business leaders to Zohran Mamdani’s victory in the New York City mayoral race ranged from cautious optimism to outright alarm. Mamdani, 34, defeated former New York Gov. Andrew Cuomo to become the city’s…
Reactions from business leaders to Zohran Mamdani’s victory in the New York City mayoral race ranged from cautious optimism to outright alarm.
Mamdani, 34, defeated former New York Gov. Andrew Cuomo to become the city’s 111th mayor and first-ever Muslim to be elected to the post.
According to FOX Business, Pershing Square CEO Bill Ackman, who has been sharply critical of Mamdani’s policies, congratulated him on X Tuesday evening, writing, “Now you have a big responsibility. If I can help NYC, just let me know what I can do.”
Partnership for New York City CEO Kathryn Wylde also extended congratulations, saying her organization looks forward to helping Mamdani “achieve his affordability goals while keeping New York competitive as a destination for talent and a generator of jobs and economic activity.”
Wylde added that the group, which includes CEOs from about 300 major companies such as JPMorgan Chase, BlackRock, Goldman Sachs, Verizon, and Pfizer, supports Mamdani’s “hopeful message” and aims to “extend the benefits and opportunities of our great city to all New Yorkers.”
Not all responses were positive.