SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Griffin talks about what he’s up to here

Tuesday, Jul 22, 2014

* Ken Griffin says he has no interest in running for office. From a hedge fund newsletter

The Citadel Investment Group founder has played an outsized role in this year’s gubernatorial campaign in Illinois, donating more than $3.5 million to Republican challenger Bruce Rauner. The contributions include the state’s single-largest ever, a $2.5 million check cut last month. But Griffin said he expects that giving—and giving generously—is as far as he’ll go in politics.

Griffin told CNBC at last week’s Delivering Alpha conference in New York that the “can’t see” a run for office in his future. Pressed by CNBC’s Kate Kelly, he wouldn’t rule it out, but did not sound enthusiastic, either.

“Never say never, but I can’t see it in my future,” he said.

Griffin said he’s digging deep because Illinois under Gov. Pat Quinn is in trouble.

“Americans talk about the need for change in Washington. I can tell you the need for change in Springfield is far greater than the need for change in Washington. I know it’s hard to believe.”

* More

“So Illinois has historically been a great state to do business in. Unfortunately over the last 20 years, we’ve moved from being at the top of the list of places to do business to, frankly, the bottom of the list,” Griffin said when asked about the Rauner contribution. […]

“The difference between Republicans and Democrats on most issues is actually pretty small,” he said. “We make a big deal about very modest differences as a country, and yet the extremes on both sides have a disproportionate … voice in Washington, and that undermines the ability for us to move our country forward.”

Griffin is putting his money behind his words by contributing to national campaigns. Large political contributions made in 2014 include $32,000 to the National Republican Senatorial Committee, $100,000 to USA Super PAC, $150,000 to America Rising PAC and $250,000 to American Crossroads, among other political action committee donations, according to filings with the Federal Election Commission.

- Posted by Rich Miller        


18 Comments
  1. - PublicServant - Tuesday, Jul 22, 14 @ 11:41 am:

    Wow. I didn’t realize that in 1994 (20 years ago) Illinois was this business paradise. I mean, we had the pensions then right?


  2. - Yellow Dog Democrat - Tuesday, Jul 22, 14 @ 11:49 am:

    So, if the differences between the Republicans and Democrats on the issues are pretty small, why is Griffin writing such big checks? And why only to Republicans?

    Is it to counter the effects of extremists, particularly within the GOP?

    If so, you have to wonder if it is working. I mean, Rauner is still soliciting support from the Tea Party.


  3. - walker - Tuesday, Jul 22, 14 @ 11:51 am:

    He’s certainly putting his money where his mouth is. Good for him. And good he doesn’t feel the need to apply his business genius to governmental operations. We can only hope his eye for talent is keen.

    For Griffin to say our differences are “modest” and the “the extremes on both sides have a disproportionate … voice” is true and wise. For him to give big to some of the national PACs he has chosen, might be adding to that problem, not reducing it. The world has shifted, if American Crossroads is seen as the moderate alternative to more extreme voices on their right.


  4. - Yellow Dog Democrat - Tuesday, Jul 22, 14 @ 11:55 am:

    Walker:

    Let’s remember, he also said he thinks billionaires don’t have enough influence.


  5. - Formerly Known As... - Tuesday, Jul 22, 14 @ 11:55 am:

    I believe Griffin is sincere.

    Ever since he gave that closed door speech to his peers last year, where he embarrassed them and called them out individually for hurting our state by failing to pay taxes on profits, he has stood out to me.


  6. - wordslinger - Tuesday, Jul 22, 14 @ 12:05 pm:

    –“So Illinois has historically been a great state to do business in. Unfortunately over the last 20 years, we’ve moved from being at the top of the list of places to do business to, frankly, the bottom of the list,” Griffin said when asked about the Rauner contribution. […]–

    Kind of an odd coming from a guy who amassed a fortune of $5.5 billion here over the last 20 years. I mean, it was a good place for him to do business, right?


  7. - Precinct Captain - Tuesday, Jul 22, 14 @ 12:15 pm:

    ==- Formerly Known As… - Tuesday, Jul 22, 14 @ 11:55 am:==

    He didn’t bash them for failing to pay taxes, he bashed them for running to the state for special tax breaks. He also said for the hell of it why not just close 125 schools in Chicago because 50 was too little. He also attacked compensation for police and firefighters. Some guy. Maybe he and Bust Out Bruce can bust out the fire department in North Riverside.

    http://members.econclubchi.org/Documents/Meeting/8428e42f-a536-423c-99a1-467f1bba0845.pdf
    http://www.chicagobusiness.com/article/20130521/NEWS01/130529966/citadels-griffin-jabs-at-emanuel-democrats-over-fiscal-economic-woes


  8. - Anonymous - Tuesday, Jul 22, 14 @ 12:16 pm:

    Need more sense of power? Making billions doesn’t do it for you anymore? Run(buy) a political office worthy of your eminence


  9. - VanillaMan - Tuesday, Jul 22, 14 @ 12:28 pm:

    Need more sense of power? Making billions doesn’t do it for you anymore? Run(buy) a political office worthy of your eminence

    Those questions were not asked of him in this interview. If they were and he said that power was not enough for him and that he might need to buy a political office - then you would be correct.

    But since no one would actually ask such a question - or if it was asked - would actually answer that question as you claim is his true internal motivation - then you’ll have to rely on your paranoia as your guide.


  10. - VanillaMan - Tuesday, Jul 22, 14 @ 12:36 pm:

    Rauner is still soliciting support from the Tea Party.

    He isn’t turning any voters away. He plans on winning votes from anyone who will vote for him. He is campaigning in Chicago poor neighborhoods, rich suburbs, among universities, rural areas, women, gay, African-American, Jewish, it seems that Rauner wants to work with anyone and any group that will listen to him, to get their support.

    Isn’t that what candidates are supposed to do, even if some of their campaigning isn’t appreciated by some of those groups?

    Rauner intends to win and is campaigning to anyone.


  11. - Formerly Known As... - Tuesday, Jul 22, 14 @ 1:02 pm:

    Precinct Captain - thanks for the reminder. He embarrassed them on corporate welfare, cronyism and taking away tax revenue from Illinois, rather than “failing to pay taxes on profits”.

    == “Citadel founder Kenneth Griffin named and shamed local corporations that have taken tax incentives from the state’s financially strapped government in a Monday evening speech to a prominent Chicago business group…

    A few people in the sold-out crowd at the Palmer House Hilton began to applaud, but many appeared stunned as the names of corporations, either theirs or those run by people they knew in the audience, appeared on screen.

    “What is the cost of this cronyism?” Griffin asked, as the scrolling continued. “It is far higher than the lost tax revenue. It is the devastating loss of leadership from our business community.” ==


  12. - warhed - Tuesday, Jul 22, 14 @ 1:52 pm:

    I really don’t understand why Griffen is writing big checks to the Republicans…It’s worked out so well under Quinn and the Dems….


  13. - Tom Joad - Tuesday, Jul 22, 14 @ 2:11 pm:

    Griffin is one of the high speed traders on Wall Street accused of rigging the stock market by preempting order flow and causing higher prices to the average investor.


  14. - Carl Nyberg - Tuesday, Jul 22, 14 @ 2:16 pm:

    How much money did Griffin have 20 years ago? Now?

    Strange for someone who got so rich to be telling us how Illinois is rigged against rich people.


  15. - Shore - Tuesday, Jul 22, 14 @ 3:13 pm:

    same guy backing chicago city hall establishment types “need for change” please.


  16. - wordslinger - Tuesday, Jul 22, 14 @ 3:24 pm:

    Shore, he was a big backer of Blago and Daley back in the day, too. Not Rauner levels but powerful checks.


  17. - Taser - Tuesday, Jul 22, 14 @ 4:05 pm:

    You have to wonder if he’s focusing on new business ventures - for instance investing in Uber.


  18. - Yellow Dog Democrat - Tuesday, Jul 22, 14 @ 7:40 pm:

    Vanillaman -

    Who was talking about voters?

    Dick Uihlein, financier of Dan Proft and Tea Party candidates is one of Bruce Rauner’s closest political allies.

    Rauner may have a big tent, but Griffin says extremists like Uihlein are destroying America.

    I suspect Bruce is telling both guys what they want to hear.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* SUBSCRIBERS ONLY - Next week's pressers
* Today's long story
* Rauner approval rating: 40-36
* AP and Chicago Tribune - Study: Exelon subsidy would cost $1.6B over 5 years
* Question of the day
* Illinois Credit Unions – A Smarter Choice
* Advertisers behaving badly
* Your daily "right to work" roundup
* *** UPDATED x1 *** It's just a bill...
* Ford plant reaches 100,000 cop car milestone
* House approves marijuana tickets
* *** LIVE *** Session coverage
* More cuts announced
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Google Nexus disappoints, Nokia Android phone, Apple Watch & more – Pocketnow Daily
        * T-Mobile’s Galaxy Note 4 gets technical acceptance for Lollipop, update slated for next week
        * Cricket bolsters monthly plans with unlimited talk and text to Canada
        * Chrome Beta 43 for Android released with significant performance improvements
        * Say goodbye to the Nexus 7 as Google pulls listing from store page
        * [Deal] Pick up a discounted Pioneer Android Auto stereo through Amazon
        * Google apologizes for crude Apple image in Google Maps

        * ASUS’ Latest 27-Inch Full HD Monitor With ASUS Eye Care Technology
        * Play Monster Hunter Frontier G High Grade Edition On iiyama’s Latest 15.6-Inch Full HD Gaming Notebook
        * Get This Affordable Full HD Car DVR From Cubot
        * Lenovo’s New K80 4G LTE-Enabled Android 5.0 Smartphone With 4GB RAM
        * Starbucks Network Snafu Results In Free Coffee For Everyone
        * Lumia 830’s Discontinuation Hints At Lumia 840’s Impending Arrival
        * Call Of Duty: Black Ops 3 Release Date Leaked, Set For 6th November

        * Danks eyes first win in rematch with Volquez, Royals
        * Abreu escapes injury scare on rundown
        * Tied White Sox-Royals game suspended due to rain
        * White Sox-Royals game suspended in ninth due to rain
        * Abreu stays in game after rundown scare
        * White Sox's Sale went to KC clubhouse; trouble averted
        * White Sox avoid turning brawl with Royals into war of words after

        ...............


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        April 2015
        March 2015
        February 2015
        January 2015
        December 2014
        November 2014
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Why isn't Mike Madigan voting on bills?..
        * IDOT launches month-long infrastructure ‘listen.....
        * Medicaid hit with $106 million cut from budget .....
        * 10 Questions: The Pekin Daily Times news quiz..
        * How the Midwest Is Scaling Back Big Labor’s Spe.....
        * County avoids Rauner labor debate..


        * Bill would allow Illinois students to opt out of state tests
        * Medicaid hit with $106 million cut from Illinois budget deal
        * Chicago Armenians mark centennial of genocide of 1.5M
        * Authorities: Ottawa man killed, cremated in burn pile
        * Sheriff describes security lapse that led to Kankakee escape
        * Illinois House OKs time limit on storing license plate data
        * Judge grants delay in Illinois fatal bank robbery trial
        * Judge rules Chicago man can stand trial for SIU threats
        * Oprah's household items going to highest bidder
        * Chicago mayor taps CTA director to be chief of staff

        * State budget fix includes $106M in Medicaid cuts
        * House passes bill to create high-speed rail oversight panel
        * Bill would allow students to opt out of state tests
        * Illinois House OKs time limit on storing license plate data
        * House passes bill to create high speed rail oversight panel
        * House passes bill treating marijuana possession like speeding ticket
        * Bill banning indoor e-cigarettes won't be called for vote
        * Services for homeless, rape victims among cuts disclosed by Rauner
        * Rauner releases detailed list of budget cuts
        * State lawmakers fast-track bill on Obama library, Lucas museum

        * Obamacare's a magnet for young invincibles
        * Teacher, what's white-collar crime?
        * Chicago mental health provider to close doors
        * United CEO's pay soars to $12.7 million
        * Formento's offers a modern take on old school


          * Starbucks to reopen stores after computer glitch affects 8,000 U.S., Canadian locations
          * Questions after Indiana school stage collapse injures 16
          * Cab drivers robbed at knifepoint in Ravenswood, cops say
          * Man killed, boy seriously wounded, 2 other teens shot in city attacks
          * Couple finds body in Dyer pond
          * Jury in Wisconsin suitcase slaying can't hear about other death, judge rules
          * Elgin man pleads guilty to sexually assaulting child in 2010
          * Documents: Argument over boyfriend before Wisconsin teen killed parents
          * Drew Peterson police pension hearing begins in Bolingbrook
          * Man killed in Aurora crash Friday


          * Illinois prisons chief says union contracts causing problems
          * Sheriff Dart to investigate unlicensed rehab centers
          * Rauner's first 100 days: The fight between unions and Rauner
          * Large provider of Chicago mental health services, C4, is closing
          * After detective’s acquittal in fatal shooting, prosecutors face criticism
          * Mayor Emanuel taps CTA director to be chief of staff
          * Portage Park church mourns 'favorite son' Cardinal George
          * Lawmakers fast-track bill on Obama library, Lucas museum
          * Emanuel announces more FAA meetings on O'Hare noise
          * Cook County prosecutor to try new approach to drug crimes


          * Deckle McLean: Independent voters the new political wild card
          * Charles Krauthammer: Obama's Nixon doctrine: Anointing Iran
          * State budget fix includes $106M in Medicaid cuts
          * House passes bill to create high-speed rail oversight panel
          * Bill would allow students to opt out of state tests
          * Illinois House OKs time limit on storing license plate data
          * House passes bill treating marijuana possession like speeding ticket
          * Bill banning indoor e-cigarettes won't be called for vote
          * Zach Mottl: Illinois companies need the Export-Import Bank
          * E.J. Dionne: The Gingrich-Adams lesson


          * Open Line
          * Lena 'Jane' Emery
          * Delores Bowen
          * Wendy Hartlieb
          * Bradley Hill
          * Galen Henderson
          * Mary Hodges
          * Dean Hollensbe
          * Michael Douglas
          * Wanda Benton


          * Thousands honor soldiers on 100th year of Gallipoli battle
          * Gerrit Cole pitches Pirates to 4-1 win over Diamondbacks
          * Leonard leads Spurs to 100-73 win over Spurs and 2-1 lead
          * Wild beat Blues 4-1 behind Dubnyk, take 3-2 series lead
          * Slota's sharp as Lakes shuts out Warren

          * Damaged goods? - And a campaign roundup
          * Will Urban League's Zopp enter Senate race...
          * Congresswoman Duckworth joins local reside...
          * RHA Grant Going Towards Ending Veteran Hom...
          * Marine Veteran Hauled Before Union Board a...
          * Grand Opening Ceremony for SouthWorks Make...
          * Instapundit shares shocking claim of sexua...
          * Senate races in 2016 look poised to set sp...
          * Local veteran to receive medals 47 years a...
          * POLITICAL NOTEBOOK: Woodall co-sponsors bi...

          * Tom Cotton prepares for Patriot Act battle...
          * Displaced Southern California Edison Worke......

          * Lynch confirmed: DOJ lawlessness to continue...
          * Senators announce "Aaron Swartz Should Hav......

          * Video Pranksters Torment Chicago Drivers With Fake Tickets
          * “The Driver’s Side” – News From The Motorist’s Perspective
          * How ugly will the legislative battle be?
          * A Letter from the Grant Township Assessor
          * Liberland
          * Illinois homeless veterans to get $675K in additional housing and support services
          * Illinois home prices move closer to pre-recession levels
          * Haven’t renewed? Keep calm and turn to IAR for managing broker license assistance
          * As sewer video bill dies, your call against property lien bill is needed, too!
          * March Illinois housing data reports available in Spanish


          * IDPH Moves to Eliminate Meningococcal Meningitis - New Vaccination Requirements for Adolescents
          * YOUR ACTIONS MATTER! kicks off statewide as preparations begin for new server training law
          * Emergency Management Officials Launch Weather Alert Radio Contest - ‘Weather Alert Radios Save Lives’ contest promotes awareness; 100 radios to be awarded
          * IDOT Launches Statewide Listening Tour to Discuss Illinois Infrastructure Needs, Priorities
          * Illinois Student Assistance Commission Encourages Families To Learn About Personal Finance During Money Smart Week Event





              Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller