Zohran Mamdani forms business council as JPMorgan, BlackRock, Google & others push back
New York City Mayor Zohran Mamdani has launched a Business Advisory Council, though several major financial and tech firms have declined to participate. The move is an attempt to bridge the gap between the mayor's administration and the city's corporate leadership.
Why it matters
It highlights the ongoing friction between progressive political agendas and the corporate sector in major economic hubs.
New York City Mayor Zohran Mamdani is bringing 15 business leaders into City Hall. This move comes as he looks to mend a rocky relationship between his administration and some of the city's most powerful executives. Mamdani has recently announced a new Business Advisory Council spanning finance, real estate, health care, technology, sports and retail. However, on closer inspection, one might notice that some of the biggest names in New York business are notably absent from the council. It includes neither current executives from JPMorgan Chase, Citigroup, American Express, or BlackRock nor from tech giants like Facebook-parent Meta or Google-parent Alphabet.This comes as an effort to bring some of New York's most prominent business leaders to the table with the city’s mayor, whose economic decisions have often put him at odds with the business community.
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