{"id":44584,"date":"2025-10-17T13:21:51","date_gmt":"2025-10-17T20:21:51","guid":{"rendered":"https:\/\/occupysf.net\/?p=44584"},"modified":"2025-10-17T13:21:52","modified_gmt":"2025-10-17T20:21:52","slug":"the-big-story-mamdani-vs-cuomo","status":"publish","type":"post","link":"http:\/\/occupysf.net\/index.php\/2025\/10\/17\/the-big-story-mamdani-vs-cuomo\/","title":{"rendered":"THE BIG STORY: Mamdani vs. Cuomo"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n
Stephanie Keith; Michael M. Santiago \/ Getty Images<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
THE BIG STORY<\/strong>

Mamdani vs. Cuomo<\/strong>

Wall Street\u2019s stance on New York\u2019s mayoral race might surprise you.<\/strong>

At first glance, you might think the choice between Andrew Cuomo and Zohran Mamdani is clear-cut for finance workers. Mamdani, a democratic socialist, appears to represent the antithesis of everything Wall Street is about.\u00a0But a Business Insider analysis of donation data\u00a0shows a much more even split between the two candidates<\/a>\u00a0\u2014 at least when it comes to the number of people donating to their campaigns.Across 400 financial companies, 401 workers donated to Mamdani\u2019s campaign compared to 397 backing Cuomo. The gap, however, is much larger when considering the\u00a0amount<\/em>\u00a0of money spent.Cuomo received 88% of the money donated, with the average amount sent to Cuomo ($1,006) dwarfing what Mamdani received ($131). When including PAC spending, Cuomo holds an even bigger edge, with 95% of the more than $9 million donated from the financial industry going to pro-Cuomo or anti-Mamdani efforts.\u00a0That differential is representative of the type of finance workers backing both candidates. Front-office employees (think dealmakers and investors) are largely team Cuomo, while back-office workers (administrative-type roles or those in tech) lean toward Mamdani.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/a>BIStill, there\u2019s no guarantee the status quo will remain until Election Day.<\/strong>Tonight marks the first debate between Mamdani and Cuomo. (I suppose I should mention Republican nominee Curtis Silwa is also on the ticket, so here\u2019s me saying that.)And as much as finance executives don\u2019t like Mamdani and his politics (and some of them really<\/em> don\u2019t like him<\/a>), they\u2019re likely not fans of pouring money into a losing effort. Mamdani holds a double-digit lead in almost every major poll. If prediction markets are more your speed, Mamdani\u2019s got an 88% chance of winning according to Polymarket<\/a>. Outside a major slip-up in tonight\u2019s debate, or some other unforeseen event, Mamdani has a really good chance at being Gotham City\u2019s next mayor. And if that\u2019s the case, some on Wall Street could change their tune. I\u2019m not suggesting you\u2019ll start seeing managing directors wearing Mamdani swag. But some might soften their stance to gain favor with the potential new top politician in town. If the past year has taught us anything, it\u2019s that businesses can be flexible when it comes to politics<\/a>. (Case in point: JPMorgan\u2019s Jamie Dimon said he\u2019d help Mamdani<\/a>, who he once described as \u201cmore of a Marxist than a socialist<\/a>,\u201d if he wins.)Still, there are those who aren\u2019t prepared to give up their fight against Mamdani. Billionaire hedge funder Bill Ackman made a seven-figure donation to an anti-Mamdani super PAC as recently as Wednesday.If Mamdani ultimately wins, that could also mean another financial exodus, perhaps to Florida, like we saw during the pandemic<\/a> or maybe it\u2019ll be the big push \u201cY\u2019all Street\u201d has been preparing for<\/a>.Either way, the rest of the country will be watching. If Mamdani wins, businesses and their leaders will be eager to see how the world\u2019s financial epicenter reacts to the arrival of a democratic socialist at the helm.Read the full story<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Stephanie Keith; Michael M. Santiago \/ Getty Images THE BIG STORY Mamdani vs. Cuomo Wall Street\u2019s stance on New York\u2019s mayoral race might surprise you. At first glance, you might think the choice between Andrew Cuomo and Zohran Mamdani is clear-cut for finance workers. Mamdani, a democratic socialist, appears to… Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/44584"}],"collection":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/comments?post=44584"}],"version-history":[{"count":1,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/44584\/revisions"}],"predecessor-version":[{"id":44587,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/posts\/44584\/revisions\/44587"}],"wp:attachment":[{"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/media?parent=44584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/categories?post=44584"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/occupysf.net\/index.php\/wp-json\/wp\/v2\/tags?post=44584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}