In recent days, Chicago has taken a series of bad news gut punches in the national media. Alongside the revelation that Cook County Prosecutor Kim Foxx refused to charge five gang members caught on video in a massive, deadly gun battle, news came of the Chicago Bears taking steps to leave the city for safer Arlington Heights. Finally one of the city’s most prominent business owners hinted he may move his company because of the insane violent crime.
Ken Griffin, the city’s wealthiest resident and CEO of multinational hedge fund Citadel LLC, called out Chicago’s inept Mayor Lori Lightfoot and the County’s incompetent prosecutor Kim Foxx for their permissive leadership on violence in the Windy City.
Billionaire Ken Griffin, founder and CEO of the hedge fund Citadel, hinted Monday that he might move his company’s headquarters from Chicago, saying the crime makes the city more akin to a war-torn country. https://t.co/jQA1nAHXpr
— Chicago Sun-Times (@Suntimes) October 5, 2021
While Chicago’s politicians really don’t care much about the average citizen’s opinions, Griffin is threatening their wallets. He said the violence makes it “difficult” to keep the company and its very high-paying jobs in Lightfoot’s Mogadishu on Lake Michigan.
The Chicago Sun-Times reported on Griffin’s remarks:
“It’s becoming ever more difficult to have this as our global headquarters, a city which has so much violence,” Griffin said. “I mean Chicago is like Afghanistan, on a good day, and that’s a problem.”
Griffin said he personally saw “25 bullet shots in the glass window of the retail space” in the building he lives in, adding that someone “tried to carjack the security detail” that sits outside his house.
Griffin owns a $59 million Chicago condo, the most expensive in the state, according to Forbes.
“It just tells you like how deep crime runs in this city,” Griffin said. “There is nowhere, where you can feel safe today walking home at 9:30 at night and you worry about your kids coming to and from school.”
“That’s no way for our city to exist,” Griffin said.
Plenty of working and middle class residents have already fled Chicago and its violence. What makes this story so newsworthy is that the rich and powerful seldom discuss this publicly.
Just like the carjacking successfully completed right outside the door of Illinois Governor’s JB Pritzker’s Chicago mega-mansion, violent crime has pervaded every corner of America’s third largest city. If you owned a $59 million condo like Griffin, would you tolerate carjackings outside your front door and gunfire raking the windows of your home?
Chicago isn’t a safe place in which to live or work. And instead of — at a minimum — urging residents to tool up and protect their homes and families, Lori Lightfoot is busy pointing fingers and shifting blame for the violence she and her fellow potentate politician Kim Foxx have fostered through their “leadership” and tolerance of “mutual combat” on the city’s streets.
Just as gun companies are leaving states that actively make it difficult and expensive to do business because of hostile regulatory and political environments, prominent companies that pay big salaries and lots of taxes — companies like Citadel in Chicago and Amazon in Seattle — are threatening to pull up stakes for safer environments. Increasingly, voting with your feet is the only vote that really matters to politicians.