New York City Mayor Zohran Mamdani has fired dozens of senior executives and opinion leaders from the advisory council of the Mayor's Fund to Advance New York City, a multi-million dollar philanthropic foundation used to advance city policy, according to a Wall Street Journal report. The move is part of Mamdani's broader effort to distance himself from Wall Street and traditional economic elites.
New York City Mayor Zohran Mamdani has dismissed dozens of senior executives and opinion leaders from the advisory council of the Mayor's Fund to Advance New York City, the multi-million dollar philanthropic foundation used to advance city policy, according to a Wall Street Journal report. The move is part of a broader effort by Mamdani to distance himself from Wall Street and traditional economic elites. The report also notes that Mamdani has imposed a tax on second homes, appointed antitrust crusader Lina Khan to head the city's economic development corporation, and ceased providing advance briefings on sensitive housing reports to real estate organizations. The mayor explained he is establishing a new council that will include voices that have not previously been central to the conversation on philanthropy and public funds. The decision has caught the business community by surprise. Mamdani, who has drawn criticism from Jewish leaders and pro-Israel advocates for his rhetoric on Israel and his rejection of Jewish representation on judicial committees, continues to pursue a progressive agenda that directly challenges the traditional power structures in New York.
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