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.


* Fate uncertain for CPS pension payment delay
* Yes, the precedent exists, but not the way the governor claims
* What's behind the CTU's contract demands?
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* 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

          
        * Nextbook Ares 8 now available in Walmart for less than a hundred bucks
        * Microsoft Lumia 735 (Verizon) Review: the original selfie phone
        * Google launches Voyager feature to celebrate Google Earth’s 10th year
        * Samsung Canada throws in a free 6-month Google Play Music subscription if you buy a Galaxy S6
        * LG Chem intros new Hexagon battery for smartwatches
        * Amazon’s Prime Now service brings one-hour deliveries to London
        * US railroad crossings to be included in Google Maps soon

        * Cisco in Deal to Acquire OpenDNS for $635 Million
        * AC/DC Records Coming To Apple Music, Spotify And Other Services
        * Falcon 9 Explosion Forces SpaceX To Alter Future Launches
        * Your Favorite Travel Mug is Cheaper Than Ever Today
        * Get a Doctor’s Note to Get Stoned Without Leaving Home. Legally.
        * Microsoft Launches Site To Help Teachers Master Minecraft
        * Huge Pushbullet Update Adds Instant Messaging, Chat Heads, and More

        * Abreu is #ASGWorthy, as well as Sale
        * White Sox lookback, Part 1: Dropped 3rd strike
        * Podcast: It's time for the White Sox to fire Robin Ventura
        * Long leash keeps coming back to bite White Sox
        * Sale chasing history in matchup with Lynn, Cards
        * White Sox Minor League Update: June 28-July 4
        * White Sox let lead, finale slip away in Detroit

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


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

        Archives
        June 2015
        May 2015
        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


        * AG Madigan not sure about paying state workers .....
        * Illinois teacher fired for stepping on US flag .....
        * No fixes in sight for state budget, CPS pension.....
        * Bruce Rauner, Lisa Madigan at odds on state emp.....
        * House set to hear state shutdown details - Linc.....
        * State Budget Deadline Looms With No Compromise .....
        * Air war - Champaign/Urbana News-Gazette..


        * Pre-1940 remains found in Indiana archaeological site
        * Authorities: 16-year-old girl fatally shot in Hammond
        * Washington air passengers held while ill passenger checked
        * Sea-Tac: Flight passengers held while ill passenger checked
        * Pre-Civil War baseball team card going on the auction block
        * NBC to Donald Trump: You're fired; Televisa drops pageant
        * Legislative leaders meet with Rauner, report no progress
        * Illinois' GOP governor moves to avoid government shutdown
        * Southern Illinois University Edwardsville chancellor resigns
        * Illinois attorney general says not sure about paying workers

        * House set to hear state shutdown details
        * Admissions ban at Hope Institute reinstated after report of injury
        * Indoor, outdoor smoking ban on college campuses to go into effect
        * Gov. Rauner tells state workers they will be paid even without budget agreement; Lisa Madigan says checks not certain
        * Smoke-free campuses
        * Public hearing scheduled on possible Illinois State Museum closure
        * Gov. Rauner tells state workers they will be paid even without budget agreement
        * Chicago mayor rejects Gov. Rauner's plan to advance $450M for school pensions
        * Illinois agencies asked to explain operations without budget
        * Union's anti-Rauner commercials debut Monday

        * With 61 seconds in a minute this week, markets brace for trouble
        * Chicago's archbishop calls for compassion toward gay people
        * Supreme Court ruling helps but won't end gerrymandering
        * 8 Kraft executives to be dismissed following Heinz merger
        * 10 Kraft execs to hit the exits following Heinz merger


          * Man hurt in Southwest Side shooting dies at hospital
          * Pre-Civil War baseball team card going on auction block in Chicago
          * One in custody as Albany Park barricade situation ends
          * Review board recommends Chicago cop be fired for off-duty shooting
          * Teacher evaluations return as sticking point in contract talks
          * Cops: Woman stabbed to death during argument over Facebook threats
          * Girl, 16, fatally shot in Hammond
          * Cops: Woman steals taxi after asking cabbie to buy her coffee
          * Woman, 49, killed in Lawndale
          * Police: 3 officers, 2 others hospitalized after Little Village crash


          * Supreme Court rules Obamacare subsidies are legal
          * Gov. Rauner vetoes Illinois budget, cites $4 billion deficit
          * As budget deadline approaches, Illinois faces a government shutdown
          * Closing time for Chicago's trading pits
          * Maps: What the Supreme Court's ruling on same-sex marriage could mean
          * Local brewery turns off the tap for Trump
          * Maps: Here are the ways the Supreme Court could rule on Obamacare
          * Rauner proposal would advance $450M to help Chicago schools
          * Prisoners sue Illinois Department of Corrections over solitary confinement
          * Classic of black cinema, 'Cooley High,' celebrates 40th anniversary


          * House set to hear state shutdown details
          * Admissions ban at Hope Institute reinstated after report of injury
          * Indoor, outdoor smoking ban on college campuses to go into effect
          * Gov. Rauner tells state workers they will be paid even without budget agreement; Lisa Madigan says checks not certain
          * Wes King: Foolish to cut U.S. soil, water conservation programs
          * Kathleen Parker: Take down the Confederate flag
          * Public hearing scheduled on possible Illinois State Museum closure
          * U.S. Attorney Jim Lewis: 'Don't shoot' program a valuable policing tool
          * Our Opinion: Don't shutter Illinois' natural, cultural history
          * Angie Muhs: Reader panel tackles journalism ethics


          * Champaign Deputy Mayor Vic McIntosh
          * Nominations sought for Philanthropist of Year
          * No immediate impact on ISU, HCC from budget impasse
          * Uncivil behavior worth pointing out
          * $10 million gift giving med school Jump-start
          * Air war
          * Lawmakers: Not yet time to try to override Rauner's vetoes
          * Late contrition
          * The rain, it's plain, can be a pain
          * Prayer can help how Illinois works


          * Willis Group joins with Towers Watson in $18B deal
          * Tunisia chief: New security system had been set for July 1
          * AP Photos: Greece goes from hope to desperation in 7 months
          * ConAgra to sell store-brand food business
          * Pope in US to meet with homeless, prisoners and immigrants

          * Ask the nearest hippie.
          * Orlando, Florida. Burned at the stake.
          * IAR offers members Legal Webinar Thursday morning about TRID
          * IAR, local associations ready to help latest Illinois tornado victims
          * REALTORS® can listen to IAR’s TRID legal webinar
          * Illinois REALTOR® story offers 6 mortgage ideas to consider
          * Morning Minute: Chicago makes list of housing markets with healthiest outlooks
          * IAR Takes Another Step into Global Realm
          * Story can help you and your buyers avoid financial roadblocks
          * Morning Minute: U.S. pending home sales at highest level in nine years, NAR says


          * State Supporting Flood Fights in Several Communities - Continuing Support to Coal City, Sublette Following Tornadoes
          * Illinois Department of Human Rights Announces Civil Penalties in Sexual Orientation Discrimination Complaint - Human Rights Commission Orders $30,000 from Fair Housing Violator
          * Vermilion County Court Imposes Penalty On Petroleum Company
          * Fireworks Pose Safety Hazard
          * “When Thunder Roars, Go Indoors” is Focus of Lightning Safety Awareness Week June 21-27 - NWS, emergency management officials seek to save lives, prevent injuries

              * Durbin advocates for NGA site near Scott A......
              * Durbin meets with officials in Haiti to ta......

              * Sen. Mark Kirk Making a Federal Issue Out ......




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