"Roth stated, 'The ugly and unnecessary video stunt is personal to Ken, and sort of personal to me too.' He expressed shock at the mayor's actions, emphasizing the impact on their business relationships."
"Griffin remarked that the video put him 'in harm's way,' referencing the assassination of a fellow CEO nearby, highlighting the serious implications of the mayor's statements."
Steven Roth, CEO of Vornado Realty Trust, condemned Mayor Zohran Mamdani's 'tax the rich' video during a Q1 2026 earnings call, labeling it irresponsible and dangerous. Citadel's CEO Ken Griffin echoed similar sentiments, expressing concern for his safety following the video's release. The video announced a new pied-à-terre tax on luxury homes, aiming to generate $500 million annually. Roth and Griffin's comments signify a growing conflict between the city's administration and its business leaders, particularly regarding taxation policies targeting the wealthy.
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