Griffin, Loeb Donations Blasted by NYC Mayor Candidate Stringer
- Stringer say charter school backers want to ‘buy City Hall’
- Hedge fund managers donated $500,000 each to Adams, Yang PACs
Scott Stringer, the New York City Comptroller who is running for mayor, criticized hedge fund managers Ken Griffin and Dan Loeb for contributing to political committees that support his opponents in the race, accusing the billionaire money managers of trying to privatize public education.
Griffin, the founder of Citadel, and Loeb, founder of Third Point LLC, each gave $500,000 to independent political action committees known as super PACs that support Eric Adams and Andrew Yang, two of Stringer’s opponents in the upcoming June 22 Democratic primary for mayor. Griffin and Loeb have donated millions in campaign contributions to expand charter schools and to the schools themselves, while Stringer is backed by New York City’s main teachers’ union.