Tuesday, December 8, 2015
De Blasio Enlists New York City's Wealthy for His War on Income Inequality (Morgan Stanley)
New York Mayor Bill de Blasio, who became a scourge of the wealthy with a vow to raise their taxes, has enlisted members of the financial elite to advance his agenda.
Venture capitalist Fred Wilson has offered $5 million to get computer science in every city school, while Viacom Chief Executive Officer Philippe Dauman is pushing for more broadband Internet in the Bronx. Hedge-fund operators Paul Tudor Jones, Tony James and William Ackman are helping with affordable housing, youth employment and mental health.
“We may not agree on individual issues but we’re all in the same ecosystem,” said Morgan Stanley Chief Executive Officer James Gorman. He’s co-chairman of the Partnership for New York City, a group that finds corporate partners for city programs, such as job experience for youth and investment in economic development. . .