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Hedge Fund, Citadel, Moves Out of Chicago, Due to Crime and Taxes

Hedge Fund, Citadel, Moves Out of Chicago, Due to Crime and Taxes

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What happens when you have high crime and high tax rates? People move OUT.
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Hedge fund Citadel to move headquarters to Miami from Chicago

BOSTON (Reuters) - Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, becoming the latest investment firm to shift offices to Florida in the wake of the pandemic.

Griffin is the wealthiest resident in Illinois with an estimated net worth of $25 billion. The decision to relocate the hedge fund and Citadel Securities, the electronic trading firm, was motivated by Florida's business-friendly climate and tax advantages, and concerns about rising crime rates in Chicago, people familiar with his thinking said.


https://www.msn.com/en-au/money/companies/hedge-fund-citadel-to-move-headquarters-to-miami-from-chicago/ar-AAYMEJP?ocid=uxbndlbing

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Must be all those gun toting "hee haws" according to @mghrn55

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@earl-of-trumps said
What happens when you have high crime and high tax rates? People move OUT.
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Hedge fund Citadel to move headquarters to Miami from Chicago

[i]BOSTON (Reuters) - Citadel, the $51 billion hedge fund founded by billionaire investor Ken Griffin, is moving its global headquarters to Miami from Chicago, becoming the latest i ...[text shortened]... y/companies/hedge-fund-citadel-to-move-headquarters-to-miami-from-chicago/ar-AAYMEJP?ocid=uxbndlbing
Dear Earl - I see you conveniently forgot to mention the companies that have recently moved to Chicago. Let's see who we have here:

Caterpillar

McDonalds

Dyson

Home Chef

First Midwest Bank

Beam

Wilson Sporting Goods

Mars Candy

Les Mills International

I guess those just slipped your mind, huh? 😏


https://urbanmatter.com/chicago/company-hq-moves-chicago/

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@mchill

Caterpillar announced last week they are leaving Chicago also.

They're going to Texas.


https://www.nbcchicago.com/news/local/caterpillar-inc-to-move-global-headquarters-out-of-chicago-area-into-texas/2857142/

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Boeing is moving to Virginia.
Too much crime in Chicago.


https://www.bloomberg.com/news/articles/2022-05-05/boeing-s-chicago-exit-comes-as-city-wrestles-with-crime-exodus

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"Some people" destroy cities.

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"The annual migration report from Allied Van Lines and Zillow found this trend was reflected in the state’s largest city, Chicago, which reported the most outbound moves of any metropolitan area in the nation."


https://www.illinoispolicy.org/illinois-leads-u-s-for-people-moving-out-8th-year-of-loss/

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@mchill

My links are reputable and big.

Your link?
Urbanmatter.com?

LoL what?

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@lipareeno said
@mchill

My links are reputable and big.

Your link?
Urbanmatter.com?

LoL what?
Reputable and big?

Jesus Christ you are moronic.

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Probably.

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I remember when Boeing moved from Washington state to Chicago. Being centrally located for many businesses makes sense.

But is it worth it? A living hellhole and high taxes. Nope.