Business leaders recalibrate after Mamdani victory | JQJO

CEOs and billionaires spent more than $40 million to stop Zohran Mamdani from becoming New York City’s next mayor; he won anyway, and their reactions now range from exit threats to pragmatic outreach. Kathryn Wylde said her Partnership will work with him as he pushes a rent freeze, higher taxes, and a 100-day drive to confront the cost-of-living crisis and what he calls corporate greed. He can’t raise taxes without state approval. The race was shaped by tensions over Israel and Hamas; roughly a third of Jewish voters backed him. Billionaire Bill Ackman congratulated him.