Griffin Unloads

This guy is a successful hedge fund manager who took billions in assets (and tax-generating money) out of Illinois, so it might pay to listen to the reasons:

• Billionaire hedge fund manager Ken Griffin took aim at Chicago again on Wednesday, calling it “a failed city-state” during a business conference in Miami.

  Griffin, who announced in 2022 that he was relocating his Citadel Securities headquarters from Chicago’s Loop to Miami, made the remarks at the American Business Forum. Citadel manages more than $65 billion in assets.

  “Dinner in Chicago would be about crime, about cronyism, about failed policies in the state,” Griffin told the audience. “It is so refreshing to be in a city where people talk about tomorrow.”

  He went on to contrast his new home with Chicago.

  “Do you know how great it is to go to dinner and people talk about their children, and they talk about their future, and they do so with excitement and enthusiasm?” he said. “We lost that in Chicago in the last 10 years.”

A business-unfriendly climate contributes to a precipitous downfall as much as any other cause. Blue-state shitholes could learn a thing or two about that. 

Head over to CWB for the full post.