CMBS Pioneer Penner Launches Long-Shot Bid for California Governor

Ethan Penner, a trader who helped transform the way commercial properties are financed, launched a long-shot independent bid to become California’s next governor.

Penner, 64, said he’s targeting voters disillusioned with years of Democratic rule, but who aren’t ready to vote Republican. His platform will focus on cutting taxes and regulations, confronting homelessness and improving California’s business climate.