New York City’s business elites are long accustomed to direct access to City Hall, where even Democratic mayors felt the need to court the city’s wealthiest and most influential corporate leaders.

That access is getting shredded by Mayor Zohran Mamdani.

The mayor this week fired dozens of corporate leaders from the advisory board of a multimillion-dollar philanthropic fund called the Mayor’s Fund to Advance New York City.

The nonprofit group uses private donors to give City Hall a pot of money to help finance its agenda. Mamdani removed all of the advisers on the group’s board, which many on Wall Street and in the development trenches saw as a sign that he isn’t much interested in their opinions.

Mamdani said he is creating a new advisory board that will include appointees with the same background as previous members, “as well as those who oftentimes have not been at the heart of the conversations of how philanthropy can build upon the work of public goods and public dollars.”

The shake-up marked the latest effort by Mamdani, an avowed Democratic Socialist, to put distance between himself and the city’s traditional power brokers.

“Twenty or 30 years ago, real estate in New York City could single-handedly stop something or make something happen,” said James Whelan, president of the Real Estate Board of New York and one of the board members who was dismissed from the Mayor’s Fund. But under Mamdani, “one has to consider whether he is looking for opportunities to pick fights to stir up the base.” … And he brought in an antitrust crusader in Lina Khan to chair the city’s Economic Development Corp., the government body that the real estate community closely relies on to execute large-scale development projects.

  • BarneyPiccolo@lemmy.today
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    6 hours ago

    Mamdani removed all of the advisers on the group’s board, which many on Wall Street and in the development trenches saw as a sign that he isn’t much interested in their opinions.

    A “SIGN?” Yeah, that’s pretty much the whole point of firing somebody. You’re telling them as directly as you possibly can that their input is no longer required, or wanted.

  • grue@lemmy.world
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    1 day ago

    Why does every headline about things Mamdani is doing make me cackle with glee?

    • VitoRobles@lemmy.today
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      Every single one pisses off the old guard.

      It’s pretty much Trump’s Drain the swamp idea, except he was the swamp.

      • BarneyPiccolo@lemmy.today
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        5 hours ago

        I love reading those losers’ panicked posts about how terrible this is. I started to engage with one guy who had said that Mamdani has already broken ALL of his promises, and hasn’t come through with one single thing, and I had to just let him go. He was too stupid to argue with.

        Clearly, Mamdani is doing a great job, and New Yorkers LOVE him. No wonder the Corpo-Establishment HATES him.

      • 13igTyme@piefed.social
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        People miss-understood Trump when he said he would drain the swamp. It’s like draining any other pool or body of water. Once the water is removed all that’s left is scum and debris. That’s very accurate to current DC leadership roles.

  • SailorFuzz@lemmy.world
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    ohno, the unelected business magnates are upset that the elected person is listening to the people and not to them.

  • BigMacHole@thelemmy.club
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    1 day ago

    I can’t WAIT to VOTE this man OUT so the Unelected BILLIONAIRES can Make Laws INSTEAD of the People I VOTE for!

    -Republicans LITERALLY!

    • tmyakal@infosec.pub
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      I heard an interview with Bruce Blakeman this morning where he argued that New York shouldn’t be fighting Kalshi because Kalshi provides jobs.

      Yes, there are, like, 100 people working in the NY office. What a masterful job creator this company that lets people bet on the longevity of cancer patients’ lives is. Those finance bros couldn’t possibly finance bro for a slightly less evil business model anywhere in the state. How foolish of Hochul to target such a community staple.

      Republicans have no morals or beliefs. Their only values can be measured in dollars.

      Edit: auto-correct auto-uncorrected the spelling of Kalshi. I fixed it

    • Blibly@lemmy.world
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      Republicans will just elect the billionaire oligarchs if given the choice. These people are dumb as fuck.

  • notsure@fedia.io
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    Are you telling me that the mayor of a major city is looking to improve the lives of all the citizenry and not just the selected wealthy? Say it ain’t so…

  • Rothe@piefed.social
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    They are very much going to do everything in the power to get rid of him. You don’t snub the oligarchs in an oligarchy unpunished.