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After apparent spectacular political failure, Ken Griffin takes ball, goes home to Florida

Thursday, Jun 23, 2022

* Griffin is from Daytona Beach. Robert Channick from the Tribune

Billionaire hedge fund manager Ken Griffin is moving his company’s headquarters from Chicago to Miami.

In a note to employees Thursday, Griffin said his investment firm, Citadel, will relocate to new headquarters in Miami’s financial district after more than 30 years in Chicago. Citadel, which has about 1,000 employees in Chicago, will maintain an office in the city, but many are expected to shift with the corporate locus to the Sunshine State, where Griffin, a Florida native, recently moved with his family.

“Chicago will continue to be important to the future of Citadel, as many of our colleagues have deep ties to Illinois, Griffin said in his note. “Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world.”

Yeah, it’s about the employees.

…Adding… From what I’m being told, Griffin, who was already looking at leaving, decided to hang it up when he saw Dick Uihlein so willingly team up with Gov. Pritzker. The party, at that point, was just not worth saving.

…Adding… Tribune

In a statement Thursday morning, Irvin blamed Pritzker for Citadel’s departure and for refusing “to acknowledge what everyone sees, which is that his high-tax, pro-criminal administration is literally driving jobs and businesses out of state.”

“In the last month alone, Illinois lost Boeing, Caterpillar and now Citadel,” Irvin said, noting recent announcements by the defense contractor and airplane-maker and Caterpillar Inc. are moving their corporate headquarters to Virginia and Texas, respectively.

Adding a pitch for his candidacy, Irvin said, “It’s a clear pattern that shows no signs of ending unless we beat Pritzker in November, and I’m the only person in this race with a proven record of success to take Illinois back.”

Illinois House Republican leader Jim Durkin said Griffin’s departure was a sign of the state’s modern-day business climate.

…Adding… DGA…

“After propping up Richard Irvin’s hollow campaign for months, Ken Griffin’s running home to Florida just days before the primary so he doesn’t have to face the music,” said DGA Illinois Press Secretary Yael Sheinfeld. “With a vote of no confidence from their biggest fan, the Irvin campaign has their work cut out for them before Tuesday’s election. But no matter who nabs the nomination, Illinoisans know Gov. JB Pritzker is the only proven leader for our state.”

- Posted by Rich Miller        

203 Comments
  1. - QCMan - Thursday, Jun 23, 22 @ 9:48 am:

    Goodbye, we won’t miss you


  2. - Telly - Thursday, Jun 23, 22 @ 9:49 am:

    Taking his ball and going home before the game is officially over so he can’t be termed a sore loser.


  3. - Michelle Flaherty - Thursday, Jun 23, 22 @ 9:50 am:

    Rich old white man moves to Florida.

    That’s never happened before.


  4. - Rich Miller - Thursday, Jun 23, 22 @ 9:52 am:

    ===Rich old white man===

    He’s really not that old.


  5. - low level - Thursday, Jun 23, 22 @ 9:52 am:

    Bye Felicia


  6. - Wow - Thursday, Jun 23, 22 @ 9:53 am:

    Only on capitolfax wound the majority of commenters take a victory lap as state tax collections take a pounding.

    Boeing
    Cat
    Citadel
    More to come…

    Yeah, keep celebrating. All the way to the bottom.


  7. - Amalia - Thursday, Jun 23, 22 @ 9:53 am:

    Even the Citadel changed faster than this Citadel guy. Buh bye.


  8. - Lake villa township - Thursday, Jun 23, 22 @ 9:53 am:

    He’s taking his ball home with him.


  9. - Oswego Willy - Thursday, Jun 23, 22 @ 9:53 am:

    ===He’s really not that old.===

    That’s the correct answer.


  10. - Grandson of Man - Thursday, Jun 23, 22 @ 9:54 am:

    Maybe Griffin sees that Irvin will lose? Why back someone so strongly then leave?

    Great news. The cost-benefit analysis is so in favor of Griffin leaving, after what he and Rauner did to Illinois, the many billions of dollars in damage and so much harm to people, his support of DeSantis, hatred of Pritzker, opposition to fair taxation, etc.


  11. - Lakefront - Thursday, Jun 23, 22 @ 9:54 am:

    The biggest loser in this situation has to be ILGOP candidates of any kind. The Democrats still got their billionaire benefactor - but who does the GOP have? Far-right Mr. U-Line can’t and won’t step up. In a state dominated by billionaire vanity games - this has to hurt. At least until Pritzker gets bored.


  12. - Oswego Willy - Thursday, Jun 23, 22 @ 9:55 am:

    To re-comment in a better place;

    Griffin, personally, has done more damage to Illinois then any good of Griffin staying at this point.

    I open with 2 years without a state budget, and helping Rauner during those years.

    It’s been said that those staying have Stockholm Syndrome… maybe if one of the kidnappers leaves, ones trying to ruin Illinois leaves, it will get better?


  13. - STLMan - Thursday, Jun 23, 22 @ 9:56 am:

    ==we won’t miss you== 1,000 jobs at well over 6 and 7 digits? Think again, if you don’t think this will have a substantial impact on Illinois’ economy. Add this to Cat and Boeing. These aren’t minimum wage jobs.


  14. - Oswego Willy - Thursday, Jun 23, 22 @ 9:57 am:

    - Wow -

    You forgot

    Kellogg’s
    Electric vehicle factorieS

    Why is that?

    Not a wow, but a oops by you? Maybe? No.


  15. - low level - Thursday, Jun 23, 22 @ 9:57 am:

    ==state tax collections take a pounding==

    You must be one of the most uninformed commentators ever….


  16. - Back to the Future - Thursday, Jun 23, 22 @ 9:57 am:

    Appreciate all the wonderful projects that Ken Griffin supported in Illinois.
    Frankly do not see Miami as anywhere near the world class financial center that Chicago is.
    Moving out of Illinois is a bad decision by Ken Griffin.


  17. - MisterJayEm - Thursday, Jun 23, 22 @ 9:57 am:

    Will he take his Lucky Pierre with him?

    – MrJM


  18. - Downstate Teacher - Thursday, Jun 23, 22 @ 9:58 am:

    This shows that Griffin never really cared about Illinois as a state. He cared about being able to buy influence and have power. I guess Florida will provide him with that power and influence.


  19. - Oswego Willy - Thursday, Jun 23, 22 @ 9:58 am:

    - STLMan -

    Griffin is going to Florida, not Missouri

    LOL


  20. - Arsenal - Thursday, Jun 23, 22 @ 9:58 am:

    Congrats to JB Pritzker on re-election, I guess.


  21. - Long time Independent - Thursday, Jun 23, 22 @ 9:59 am:

    All that money wasted on a failed candidate from the start Irvin. If only people had parked all egos at the door and got behind the only person that had a chance of beating Pritzker that being Dillard. But hey in this state it’s never about what’s best for the voters it’s about what’s best for the insiders.


  22. - Oswego Willy - Thursday, Jun 23, 22 @ 10:00 am:

    ===Add this to Cat and Boeing. These aren’t minimum wage jobs.===

    Cat is keeping 17,000 jobs in Illinois, is Boeing even manufacturing in IL

    Take your time with your response. Don’t hyperventilate


  23. - Arsenal - Thursday, Jun 23, 22 @ 10:00 am:

    ==Only on capitolfax wound the majority of commenters take a victory lap as state tax collections take a pounding. ==

    If you’re so devoted to maximizing state revenues, feel free to cut the state a check.


  24. - Roadrager - Thursday, Jun 23, 22 @ 10:02 am:

    Door hit, Lord split.

    Maybe Richard Irvin has what it takes to be governor of Florida.


  25. - Blue to the Bone - Thursday, Jun 23, 22 @ 10:03 am:

    Underwater in his politics, soon to be underwater in Miami thanks to Republican-funded climate change. Adiós.


  26. - TheNotVisibleMan - Thursday, Jun 23, 22 @ 10:06 am:

    I wouldn’t want to comment on the impact to tax collections, until seeing the actual state taxes paid by the individuals at Citadel.

    A few years back I had an offer to join a competing company downtown. In the end I didn’t take the position because it would have required driving to an office downtown every single day - but in the course of negotiation it came up that one of the ‘perks’ is to be able to ‘pick’ your primary residence in any of the states the company had operations in. Actually moving wasn’t a requirement - but you would have to visit the office in that state for 30-60 days in a year for a conference(to meet the legal requirements for residency in said state). The company would even pay a relocation fee to you based on your choice. It was never clearly stated that this perk was meant to avoid state income taxes, but it was obviously structured that way.

    So will Illinois lose tax collections from this? Probably not unless Citadel also moves its operations off the trading floors in Chicago - electronic or otherwise.


  27. - Baloneymous - Thursday, Jun 23, 22 @ 10:06 am:

    Miami? So a mega-rich guy continues his temper tantrum by moving his company to Miami. Miami is not Chicago, not even close. And don’t even say it’s warmer weather. Hot and humid most of the year. His employees may feel like they’re on a vacation for the first year or so, but after that they may seriously reconsider living there long term.


  28. - Flying Elvis'-Utah Chapter - Thursday, Jun 23, 22 @ 10:06 am:

    Meanwhile, lifelong Miami residents bemoan that they can no longer afford to live in the neighborhoods they grew up in.

    Oh, Ken, bring your waders.


  29. - Arsenal - Thursday, Jun 23, 22 @ 10:07 am:

    ==Maybe Richard Irvin has what it takes to be governor of Florida. ==

    Medium-city mayors with sketchy financial dealings do have a history in FL…


  30. - Narc - Thursday, Jun 23, 22 @ 10:08 am:

    It’s almost as if company headquarters are chosen based on where the current CEO wants to live, rather than on business considerations.


  31. - Baloneymous - Thursday, Jun 23, 22 @ 10:08 am:

    - Wow -

    You forgot

    Kellogg’s
    Electric vehicle factories

    Why is that?

    Not a wow, but a oops by you? Maybe? No.

    ===He also forgot Site Selection’s Chicago #1 or # 2 metro area for business relocations for the past 10 years or more.


  32. - Jibba - Thursday, Jun 23, 22 @ 10:08 am:

    If he’s not that old, he’ll be able to witness climate change first hand when the front door of his condo is inaccessible from flooding. And we’ll be here when he returns. Hopefully, the taxpayers won’t be on the hook for the cost of all the lost real estate.


  33. - Oswego Willy - Thursday, Jun 23, 22 @ 10:09 am:

    - Baloneymous -

    Lots of forgetting by those cheering anything bad.

    Maybe memory exercises?


  34. - Arsenal - Thursday, Jun 23, 22 @ 10:11 am:

    ==His employees may feel like they’re on a vacation for the first year or so, but after that they may seriously reconsider living there long term. ==

    I dunno, man, Miami is a ton of fun. But I don’t really grok how Illinois or Chicago governments can make policy choices that will replicate the beaches and bikinis.


  35. - Wonky Kong - Thursday, Jun 23, 22 @ 10:12 am:

    = Taking his ball and going home before the game is officially over so he can’t be termed a sore loser.=
    I think you’re 100% right on his timing.
    That said, does anyone remember 2014? When the unions pulled their Dillard efforts a few days before the primary because the polls showed he clearly had no shot to win. Then Dillard went on to come within a percentage point of Rauner.


  36. - Arsenal - Thursday, Jun 23, 22 @ 10:12 am:

    ==I wouldn’t want to comment on the impact to tax collections, until seeing the actual state taxes paid by the individuals at Citadel.==

    This is an extraordinarily good point. I’m sure the state will lose some revenue over this- but is it more than what the state lost when Rauner insisted on a tax cut, or when Griffin helped kill the Fair Tax?


  37. - Homebody - Thursday, Jun 23, 22 @ 10:12 am:

    Whatever hit Illinois taxes take from this will be more than made up for by not having Griffin spend his money on Illinois political races.


  38. - 48th Ward Heel - Thursday, Jun 23, 22 @ 10:13 am:

    Anybody remember the TV movie adaptation of Stephen King’s The Stand, where all the scenery-chewing heels move to Las Vegas until one of them sets off a nuke? In the real world the stunt is being pulled in Miami and it’s going to end in being consumed by water, not fire.

    I’m still not happy that Caterpillar(‘s corporate headquarters) left, but as others have said I’ll take the expansion of productive companies over people like Griffin any day. Also, can we take his name off everything now?


  39. - Big Dipper - Thursday, Jun 23, 22 @ 10:14 am:

    Enjoy the armpit of the USA.


  40. - skidmark - Thursday, Jun 23, 22 @ 10:15 am:

    Of course, the inside bubble here doesn’t understand the significance of this. The finance industry is major in this city. Not only from a tax base standpoint but an economic diversity position. This sends a signal. I’ve heard from several people within the industry - JP Morgan, Suisse, and Citi - who are preaching a much different tune than what you’re seeing in this comment section. Just because HFT is a complex financial tool, does not mean it’s insignificant for the state economy. Lets also not forget the hundreds of millions of dollars Griffin has given to charitable causes in the State. I bet that goes to Florida too.


  41. - Lt Guv - Thursday, Jun 23, 22 @ 10:15 am:

    Hope the door does “tap” you on the way out.


  42. - Arsenal - Thursday, Jun 23, 22 @ 10:16 am:

    ==I’m still not happy that Caterpillar(‘s corporate headquarters) left, but as others have said I’ll take the expansion of productive companies over people like Griffin any day.==

    I want to co-sign this, too. There’s a categorical difference between CAT/Boeing and Citadel, even though in all 3 cases we’re mostly talking about the c-suites.


  43. - Baloneymous - Thursday, Jun 23, 22 @ 10:17 am:

    ===I dunno, man, Miami is a ton of fun.===

    Yes, Miami is a great and fun city. and if his employees are in their 20s and 30s and single and want to party all the time, yes, great nightlife, clubs and beaches. and Chicago does have a huge body of water with beaches, condos with lake views, etc.


  44. - Oswego Willy - Thursday, Jun 23, 22 @ 10:18 am:

    === Lets also not forget the hundreds of millions of dollars Griffin has given to charitable causes===

    So Stockholm Syndrome, hoping to get crumbs?

    LOL

    This is embarrassing that you think there’s a groveling grateful that Illinois owes Griffin… as Griffin helped tear down Illinois with no budget Griffin-types cheered.

    Yeah, ok, lol


  45. - Montrose - Thursday, Jun 23, 22 @ 10:19 am:

    I am sure there is data out there on net jobs gained/lost in Illinois over the years that speaks to corporate relocation. I don’t know what those numbers say, but folks pointing to these one off moves in and out of the state to boost whatever narrative they are trying to push is getting tiresome.

    Oh, also, good riddance Ken, but thanks for the Lakeshore path.


  46. - MisterJayEm - Thursday, Jun 23, 22 @ 10:20 am:

    “1,000 jobs at well over 6 and 7 digits? Think again, if you don’t think this will have a substantial impact on Illinois’ economy.”

    Illinois has the fifth largest gross domestic product in the U.S.

    Even if every Citadel employee were leaving (and they’re not) and they all made a million bucks every year (and they don’t), that would represent about one-tenth-of-one-percent of Illinois $938.347 billion GDP.

    – MrJM


  47. - Arsenal - Thursday, Jun 23, 22 @ 10:22 am:

    ==The finance industry is major in this city.==

    And- to my chagrin- it will remain so. Griffin even says that Citadel will continue operations in Chicago, this is just about where the folks in the c-suites live.


  48. - Soccermom - Thursday, Jun 23, 22 @ 10:22 am:

    Soccerdad: “What is ILGOP going to do now?”
    Me: “Move to Florida.”


  49. - Glengarry - Thursday, Jun 23, 22 @ 10:23 am:

    I wonder if he’s going to ask Irvin for a refund.


  50. - Oswego Willy - Thursday, Jun 23, 22 @ 10:24 am:

    ===I’ve heard from several people ===

    That sounds like someone in a bubble, no?

    I kid, I kid…


  51. - Flying Elvis'-Utah Chapter - Thursday, Jun 23, 22 @ 10:25 am:

    Griffin reminds me more of Rauner everyday.

    Take away his wallet, he’s got nothin’.


  52. - Arsenal - Thursday, Jun 23, 22 @ 10:25 am:

    I would also urge the people taking Griffin’s side here to not be naive. He’s leaving because he’s not getting his way in elections. As such, the only thing that could make him stay is to give him his way in elections, so the choice is democracy in Illinois or however much Ken Griffin pays in taxes. You can prefer the latter if you want, just don’t be surprised if few people agree, especially after decades of the Ken Griffins of the world telling us that maximizing state revenues really isn’t very important.


  53. - Ron Burgundy - Thursday, Jun 23, 22 @ 10:26 am:

    Well at least he’s accepted that his handpicked guy is going down in flames.


  54. - Dp - Thursday, Jun 23, 22 @ 10:26 am:

    The comments on this board and Rich Miller tell IL residents all they need to know - get out.

    Just left myself and i was laughing all the way.

    Have fun in a soon to be bankrupt state.


  55. - Give Us Barabbas - Thursday, Jun 23, 22 @ 10:26 am:

    I don’t know why everyone assumes he will stop spending in Illinois just because he’s moving. He might continue to spend some on campaig hins here, just to be mean.
    So rich… And yet, so unhappy… there’s a lesson there.


  56. - Rich Miller - Thursday, Jun 23, 22 @ 10:28 am:

    ===Just left myself and i was laughing all the way.===

    Really? Your IP address says you’re still in Illinois.


  57. - Arsenal - Thursday, Jun 23, 22 @ 10:28 am:

    ==if his employees are in their 20s and 30s and single and want to party all the time, yes, great nightlife, clubs and beaches==

    Aging finance bros like all that stuff, too.

    Now, I want to stress, I don’t think we should orient Illinois public policy toward the wishes of aging finance bros. I say this more to point out how silly it is to overstate the public policy dimension to this.


  58. - Oswego Willy - Thursday, Jun 23, 22 @ 10:28 am:

    ===Just left myself and i was laughing all the way.===

    .., and yet you feel the need to comment? Have the time away from the *laughing* to comment?

    Huh.


  59. - Candy Dogood - Thursday, Jun 23, 22 @ 10:28 am:

    ===From what I’m being told, Griffin, who was already looking at leaving, decided to hang it up when he saw Dick Uihlein so willingly team up with Gov. Pritzker.===

    The kind of wealth that Ken Griffin has really should have placed him above this behavior. He can be a player in every state simultaneously. He can push an agenda without even looking like he’s pushing an agenda through the various dark money organizations and 501c(N) configurations.

    This kind of decision — this kind of behavior — is sort of unexpected for a person who possesses and controls such a considerable amount of wealth. I guess I am just surprised that he isn’t living up to my expectations for a person that is that kind of rich.

    What a petty little man.


  60. - Arsenal - Thursday, Jun 23, 22 @ 10:30 am:

    ==The comments on this board and Rich Miller tell IL residents all they need to know - get out.==

    You definitely *should* leave.


  61. - Montrose - Thursday, Jun 23, 22 @ 10:31 am:

    “Have fun in a soon to be bankrupt state”

    Ken, you could just use your real name on here when you comment.


  62. - Arsenal - Thursday, Jun 23, 22 @ 10:31 am:

    ==The party, at that point, was just not worth saving. ==

    The first smart political thought he’s had in months.


  63. - hisgirlfriday - Thursday, Jun 23, 22 @ 10:31 am:

    All that money to permanently screw up Illinois finances by defeating the progressive income tax and then he just leaves? Mission accomplished?

    Oh well who is the new richest man in Illinois?


  64. - Ron Burgundy - Thursday, Jun 23, 22 @ 10:32 am:

    -Really? Your IP address says you’re still in Illinois.-

    Zing. Mess with the bull and you get the horns.


  65. - Larry Bowa Jr. - Thursday, Jun 23, 22 @ 10:32 am:

    Have fun watching Miami slide under the waves, Ken. Your money will have even less effect on that inevitable reality than it did on the 2022 republican primary.


  66. - Arsenal - Thursday, Jun 23, 22 @ 10:33 am:

    ==I’ve heard from several people within the industry - JP Morgan, Suisse, and Citi==

    Are we sure that we’re sure we know who’s in a bubble?

    ==who are preaching a much different tune==

    You preach a sermon and sing/play a tune.


  67. - Peter Griffin - Thursday, Jun 23, 22 @ 10:33 am:

    === That sounds like someone in a bubble, no?===

    Coming from the guy who is on Cap Fax 60 hours a week making 100s of comments each week.


  68. - thoughts matter - Thursday, Jun 23, 22 @ 10:34 am:

    There is one absolute that I have learned about employees in my career. We really don’t like our employers making decisions that cause us to uproot our families. People usually want to live where their families live or where they grew up themselves. Yes they will relocate to keep their job or to get a job. However after a couple years, they will often hunt for a different job that gets them back close to their families. For reasons such as 1) the baby boomers are getting older and their offspring will want to be near them to help them age in place. 2) employees who have young children and like have grandparents be evening and weekend sitters. 3) employees with school age children who aren’t on board with being moved every couple years for their parents’ careers.

    I have seen the ‘eventually move back’ happen often over the years. Employers prefer to hire locally as a result rather than train a person who will leave in a couple years. I personally do not think he considered his employees’ wishes in this move at all.


  69. - Nick - Thursday, Jun 23, 22 @ 10:34 am:

    I’m not happy with another company and more jobs leaving Chicago.

    I’m not sad that Griffin is leaving.


  70. - Arsenal - Thursday, Jun 23, 22 @ 10:36 am:

    ==Coming from the guy who is on Cap Fax 60 hours a week making 100s of comments each week. ==

    How do you know another commenter’s posting habits?

    The abyss gazes also, my friend.


  71. - Oswego Willy - Thursday, Jun 23, 22 @ 10:38 am:

    ===Coming from the guy who is on Cap Fax 60 hours a week making 100s of comments each week.===

    And?

    I don’t think I’m one discussing “bubble” while citing “a bubble”

    But understanding irony is a lost art.

    Be well. Hydrate.


  72. - 47th Ward - Thursday, Jun 23, 22 @ 10:39 am:

    Hard to believe someone would want to become a Florida man.

    https://nypost.com/article/crazy-florida-man-headlines-that-made-the-meme/


  73. - So_Ill - Thursday, Jun 23, 22 @ 10:42 am:

    ==Really? Your IP address says you’re still in Illinois.==

    LOL


  74. - Nick - Thursday, Jun 23, 22 @ 10:44 am:

    Though it is genuinely amazing that, however much you might call it cope, he and his money have been so corrosive to state politics that Chicago losing a major financial services firm could be construed as a net positive for the state.


  75. - B Team - Thursday, Jun 23, 22 @ 10:44 am:

    Not surprised with this news, I thought Citadel would exit years ago. The weather will certainly be better in Miami, those cold wintry months in Chicago will wear on ya.


  76. - B Team - Thursday, Jun 23, 22 @ 10:45 am:

    Btw that’s a really nice building downtown Chicago, some nice office space will be available.


  77. - illinifan - Thursday, Jun 23, 22 @ 10:45 am:

    Ah well he and Rauner can hold a few meetings and discuss what money can’t buy in Illinois. Enjoy the hurricanes and high tides in Miami. Fun city when it is not flooding and dealing with sewage backup when it rains.


  78. - True that - Thursday, Jun 23, 22 @ 10:46 am:

    • How do you know another commenter’s posting habits?

    Oh please. It’s like a full-time job.


  79. - Sue - Thursday, Jun 23, 22 @ 10:46 am:

    Cap Fax fans won’t miss Ken G but the Illinois Dept of Revenue will miss is average 50 million payment for his income taxes. If you multiply all of his Cap Fax critics’ income by a couple of thousand. It fails to compensate for the revenue loss of losing the State’s wealthiest citizen


  80. - Rich Miller - Thursday, Jun 23, 22 @ 10:47 am:

    ===It fails to compensate for the revenue loss===

    If you were that interested in state revenues, you woulda backed the Fair Tax. Just sayin…


  81. - Ducky LaMoore - Thursday, Jun 23, 22 @ 10:50 am:

    Illinois will be better off without pessimists that desire to destroy the state government. Thank you, Ken, for leaving. Sincerely.


  82. - Oswego Willy - Thursday, Jun 23, 22 @ 10:50 am:

    Meh.

    If you’re worried about making it about me…

    …you must then realize the anger/angst because a guy , you don’t know or could talk to on your best day… is leaving because… he can’t control a state the way he wants… is a losing… and silly argument.


  83. - low level - Thursday, Jun 23, 22 @ 10:50 am:

    == Coming from the guy who is on Cap Fax 60 hours a week making 100s of comments each week.==.

    Sounds like you spend a lot of time here, Peter.


  84. - Three Dimensional Checkers - Thursday, Jun 23, 22 @ 10:52 am:

    Just my opinion, but the biggest reason he is doing this seems to me to be because he doesn’t have his ego masssaged as much as before.


  85. - TheNotVisibleMan - Thursday, Jun 23, 22 @ 10:52 am:

    = Oh please. =

    Which means you are here for the same amount of time to see all the comment.

    Or at the very least, you took the time to go back and look at every single post and who commented on it, and when.

    What was your criticism again?


  86. - Anyone Remember - Thursday, Jun 23, 22 @ 10:54 am:

    “Only on capitolfax wound the majority of commenters take a victory lap … .”

    Perhaps we’re aware the same thing is happening in Missouri, which other than voter denial of Right to Work, is a conservative’s dream - Opposite Land. These companies aren’t just fleeing St. Louis - they’re fleeing Missouri.

    https://www.stltoday.com/business/local/so-long-st-louis-company-headquarters-that-have-moved-out/collection_eace896a-9768-58d4-90ac-21a8a869b810.html#anchor_item_37


  87. - Pundent - Thursday, Jun 23, 22 @ 10:57 am:

    The ILGOP has been adrift before, during, and after Ken Griffin’s involvement. So not much will change. I suspect the final nail will be driven next Tuesday and like our former governor Griffin doesn’t want to hang around to be reminded of his failure.


  88. - low level - Thursday, Jun 23, 22 @ 10:58 am:

    Gotta say, I absolutely love the victimization expressed by Ken and his devotees here. You guys call yourselves “conservatives” who delight in telling others to “man up” and “get over it” yet cant stop crying whenever you don’t get your way.


  89. - The Way I See It - Thursday, Jun 23, 22 @ 10:58 am:

    As a solid Democrat, I really do value the presence of a working 2 party system. Rs are in deep weeds - I don’t believe that without the likes of Raunee, Griffin, and friends funding them, the party has the capacity to raise funds, build a bench of viable candidates, and so forth. Not in a good place. Dems certainly benefit from Pritzker, but the party still has plenty of capacity without him.


  90. - Wally - Thursday, Jun 23, 22 @ 10:58 am:

    So, the richest guy in the state relocates to a no income tax state. And, many highly paid employees leave Illinois and say bye bye to high taxes.

    No shocking in the least


  91. - Grandson of Man - Thursday, Jun 23, 22 @ 10:59 am:

    Chicago metro keeps winning in corporate relocations, so spelunkers are bald-faced lying about how terrible the business climate is in Illinois.


  92. - Oswego Willy - Thursday, Jun 23, 22 @ 11:01 am:

    ===Only on capitolfax wound the majority of commenters take a victory lap===

    As one who recognizes Griffin and Rauner hurt during an entire GA without a budget, how can I not see both gone as “good”?

    If that Stockholm Syndrome thingy people like to say about Illinois is true, then Griffin as one of the hostage takers leaving *is* good.


  93. - Arsenal - Thursday, Jun 23, 22 @ 11:03 am:

    ==Oh please. It’s like a full-time job. ==

    but the thing is, you can only know that if you’re on here a fair bit yourselves.


  94. - Live Wire - Thursday, Jun 23, 22 @ 11:04 am:

    ==Illinois Dept of Revenue will miss is average 50 million payment ==

    Griffin is probably not $50 million in taxes each year. Go back and read the ProPublica series on tax avoidance.

    His moving is about control, or lack of it in IL.


  95. - Arsenal - Thursday, Jun 23, 22 @ 11:05 am:

    ==but the Illinois Dept of Revenue will miss is average 50 million payment for his income taxes==

    How on Earth do you know how much he pays to the state in taxes?


  96. - Cool Papa Bell - Thursday, Jun 23, 22 @ 11:05 am:

    Miami has a decent level of local corruption,
    Google their Mayor Francis Suarez.

    Also a quick search of crime stats shows that Miami is on par with Chicago for most offenses per 100,000. But the Magic City leads in vehicle thefts - a crime much more likely to impact the folks who work with the Citadel.

    Also this tells me all I need to know now about Irvins’ real chances of winning.


  97. - Rudy’s teeth - Thursday, Jun 23, 22 @ 11:06 am:

    If Ken Griffin tires of Miami, he can visit his $122M mansion in London near Buckingham Palace. Griffin owns properties throughout the US and the world. Griffin will be wherever his private plane takes him.


  98. - low level - Thursday, Jun 23, 22 @ 11:10 am:

    I wonder how his guy Mayor Irvin feels about being abandoned 5 days before the primary. What a vote of confidence… LOL


  99. - Wally - Thursday, Jun 23, 22 @ 11:17 am:

    Wonder if Griffin has met with DeSantis yet? My guess is yes and things may be very interesting.


  100. - Oswego Willy - Thursday, Jun 23, 22 @ 11:18 am:

    ===From what I’m being told, Griffin, who was already looking at leaving, decided to hang it up when he saw Dick Uihlein so willingly team up with Gov. Pritzker. The party, at that point, was just not worth saving.===

    “Because… Dan Proft”


  101. - Just Me 2 - Thursday, Jun 23, 22 @ 11:19 am:

    Completely agree with Wow at the top. Only on this blog would people be happy to see major employers and investors in our state leave. Who do they think is going to provide all the voters with careers and generate major tax revenue?

    And try recruiting more employers to Illinois now after all these departures.


  102. - Montrose - Thursday, Jun 23, 22 @ 11:20 am:

    “I wonder how his guy Mayor Irvin feels about being abandoned 5 days before the primary. What a vote of confidence… LOL”

    Right? Did Ken think that him announcing this move would have Republican voters re-thinking backing Bailey?

    He is such a child. For someone that doesn’t back Trump, he is pretty Trumpian.


  103. - Jansen - Thursday, Jun 23, 22 @ 11:21 am:

    A great company leaves Illinois and the hacks and factotums are happy about it? So Illinois.


  104. - Oswego Willy - Thursday, Jun 23, 22 @ 11:21 am:

    ===Completely agree with Wow…===

    … and yet I don’t recall either of you seeing Rivian, Kellogg, any good news for Illinois business as… good.

    If I’m wrong, feel free to point out as such.

    Thanks.


  105. - Arsenal - Thursday, Jun 23, 22 @ 11:24 am:

    ==A great company==

    Is it a great company?

    It’s a rich one. Those aren’t the same thing.


  106. - AlfondoGonz - Thursday, Jun 23, 22 @ 11:28 am:

    So who becomes the richest person in the state?

    Miami has one big, huge, gigantic plus, and that is you can find a pretty decent (at least) Cuban sandwich on every block.


  107. - ZC - Thursday, Jun 23, 22 @ 11:28 am:

    >> From what I’m being told, Griffin, who was already looking at leaving, decided to hang it up when he saw Dick Uihlein so willingly team up with Gov. Pritzker. The party, at that point, was just not worth saving.

    Ha, sort of called it. When you’re a billionaire in IL and you can’t even purchase the results you want in the _Republican_ party, maybe it’s time to go.


  108. - wowieeee - Thursday, Jun 23, 22 @ 11:30 am:

    lol i agree with OW 100% on Griffin but my God did Peter Griffin roast em good.

    Tipping my cap on that one.


  109. - vern - Thursday, Jun 23, 22 @ 11:33 am:

    === Who do they think is going to provide all the voters with careers ===

    Ok this made me chuckle. We’ve got like 10 million eligible voters, and they all work at one downtown hedge fund. The entire state makes nothing, grows nothing, sells nothing, it’s just hedge fund as far as the eye can see. Galena? That’s Citadel country. East St. Louis? Center of the financial sector universe. Cairo? You guessed it, hedge fund town.

    And the entire city of Chicago? Don’t get me started. There’s the medical district, where we nurse suffering securities back to health. There are a couple of major universities but for some reason they only offer degrees in finance. Griffin employs every working age adult is Hegewisch, Rogers Park, Roseland, and Austin.

    It’ll be a shock when all those people move to Miami to keep their jobs pushing numbers around, but at least you’ll finally be able to get a decent gyro south of the Mason-Dixon.


  110. - Just Me 2 - Thursday, Jun 23, 22 @ 11:40 am:

    Those electric vehicle factories you’re so proud of? Take a look at the number of jobs and the salary.

    I’ll grant you Kellogg snacks - but how many people is that?

    So let’s do an overall analysis of number of $ of jobs lost in past four years with number gained. I think you’ll see a trend.


  111. - Jessica - Thursday, Jun 23, 22 @ 11:41 am:

    Without Griffin money, the Republican Party will have a harder time winning Supreme Court races and also trying to eliminate Democratic super-majorities in the Legislature. The Republicans in Illinois seem to be drifting further and further toward irrelevancy.


  112. - Roadrager - Thursday, Jun 23, 22 @ 11:42 am:

    Standing ovation for vern.


  113. - Oswego Willy - Thursday, Jun 23, 22 @ 11:42 am:

    - Just Me 2 -

    Adding a job, not moving a goal post, should be the goal of the exercise.

    ===So let’s do an overall analysis===

    “So” you still won’t tout good news the same.

    You do that analysis, get back to us, and don’t hurt yourself.


  114. - IL4Life - Thursday, Jun 23, 22 @ 11:45 am:

    We know polling is showing Irvin going down badly. It must also be showing Pritzker well ahead in the general and the Workers Rights Amendment passing. When he can’t try to gut unions (a la Rauner), he’ll have essentially no political goals in Illinois.

    How much of the IPI’s $8M budget is Griffin?


  115. - Real - Thursday, Jun 23, 22 @ 11:46 am:

    -Without Griffin money, the Republican Party will have a harder time winning Supreme Court races and also trying to eliminate Democratic super-majorities in the Legislature. The Republicans in Illinois seem to be drifting further and further toward irrelevancy.-

    By the looks of Rauner and Irvin it looks like the base did not want establishment picked candidates in the first place. With Rauner and Griffin gone the IL GOP has a better chance to produce authentic candidates verses the bought candidates.


  116. - Peter Griffin - Thursday, Jun 23, 22 @ 11:46 am:

    === lol i agree with OW 100% on Griffin but my God did Peter Griffin roast em good.

    Tipping my cap on that one.===

    He makes it too easy.


  117. - 44 - Thursday, Jun 23, 22 @ 11:47 am:

    Well to me it comes down to civic leadership and people that stick to the community. So forget the politics, when we lose Oprah, Obama, Rauner and now Griffin, I am more interested in who steps up, leads and stays. I find it depressing when accomplished people move on, but such is life. I am more concerned with who steps up. fingers crossed.


  118. - Lucky Pierre - Thursday, Jun 23, 22 @ 11:48 am:

    Ken and Citadel welcomed warmly to Miami by a Mayor re elected with 78% of the vote last year.

    Chicago should try having non partisan leaders like Miami who work for the good of the entire city and state not just their special interests

    https://mobile.twitter.com/FrancisSuarez/status/1539984041973370880


  119. - Oswego Willy - Thursday, Jun 23, 22 @ 11:48 am:

    Everyone’s a critic, but few are offering up comments to the post?


  120. - low level - Thursday, Jun 23, 22 @ 11:49 am:

    Its not his company leaving that makes me laugh. Its his poor rich boy attitude, taking his ball and going home and abandoning his team in the process (the Ken slate and the political people working for it) that amuses me.


  121. - JS Mill - Thursday, Jun 23, 22 @ 11:49 am:

    “Have fun in a soon to be bankrupt state”

    Right, Illinois is approaching $900 billion in GDP. The end is near. lol

    To Griff moving…meh.


  122. - Arsenal - Thursday, Jun 23, 22 @ 11:50 am:

    ==It must also be showing Pritzker well ahead in the general and the Workers Rights Amendment passing.==

    Maybe, and I suspect it probably does (I suspect polling has shown Pritzker obliterating Bailey for a long time, and that’s why Griffin went out shopping for such an awkward candidate), but Griffin has been telegraphing this move for a long time, and Rich’s reporting indicates that it’s as much about internal Republican Party politics.


  123. - Baloneymous - Thursday, Jun 23, 22 @ 11:50 am:

    Just Me 2

    Please check Site Selection magazine’s Top Metro Areas rankings for the past 10 years or longer. Chicago has been the #1 or #2 metro for corporate relocations for the last 10 years. Please stop.


  124. - Oswego Willy - Thursday, Jun 23, 22 @ 11:51 am:

    ===Have fun in a soon to be bankrupt state===

    We have a rainy day fund…


  125. - Baloneymous - Thursday, Jun 23, 22 @ 11:51 am:

    ===Have fun in a soon to be bankrupt state===

    Illinois has had multiple credit ratings upgrades in the past year, at least 3 now.


  126. - low level - Thursday, Jun 23, 22 @ 11:53 am:

    Peter spending a lot of time on the blog, criticizing someone for… wait for it… spending a lot of time on the blog is priceless.


  127. - Mr. Rooney - Thursday, Jun 23, 22 @ 11:55 am:

    Griffin has given $600 million to local philanthropic causes in Illinois. Is AFSCME gonna pick up that slack?


  128. - Fried Chicken Pox - Thursday, Jun 23, 22 @ 11:57 am:

    - We have a rainy day fund…-

    Filled with a gift from the feds, and how long could the state run on it? We still have a structural deficit.


  129. - Oswego Willy - Thursday, Jun 23, 22 @ 11:57 am:

    === Griffin has given $600 million to local philanthropic causes===

    Getting a museum to change its name, as an example, isbt too “selfless”

    How much are you personally donating, as you are calling out a “union”.

    Is it close to $600 million?


  130. - Oswego Willy - Thursday, Jun 23, 22 @ 11:58 am:

    - Fried Chicken Pox -

    So you admit that there’s a fund.

    The budget is balanced.

    Keep up.


  131. - Montrose - Thursday, Jun 23, 22 @ 11:59 am:

    “Griffin has given $600 million to local philanthropic causes in Illinois. Is AFSCME gonna pick up that slack?”

    Maybe, just maybe, if he and his fellow uber-rich didn’t spend so much money and time fighting paying taxes and worker’s rights, we wouldn’t need so much philanthropy.


  132. - James - Thursday, Jun 23, 22 @ 12:00 pm:

    It’s hard to believe these decisions weren’t made months ago.


  133. - Henry Francis - Thursday, Jun 23, 22 @ 12:01 pm:

    I remember many of us being puzzled by Kenny’s past comment that the super rich have “insufficient influence” in politics.

    https://www.wsj.com/articles/BL-WHB-5031

    Well I guess he just proved it. Lol.


  134. - low level - Thursday, Jun 23, 22 @ 12:02 pm:

    ==Is AFSCME gonna pick up that slack?==

    How does AFSCME factor into a post about Ken Griffen and his company leaving Illinois?


  135. - New Day - Thursday, Jun 23, 22 @ 12:03 pm:

    So let’s review. Primary funding for the GOP has come from Rauner, Griffin, Gidwitz and Uhlein. With Rauner and Griffin gone, and Gidwitz and Uhlein not in the same financial league, who is going to fund the IL GOP? Boy that’s a deep hole.


  136. - Montrose - Thursday, Jun 23, 22 @ 12:06 pm:

    “How does AFSCME factor into a post about Ken Griffen and his company leaving Illinois?”

    low-level - because oligarchs > unions, clearly /s


  137. - vern - Thursday, Jun 23, 22 @ 12:07 pm:

    === Mayor re elected with 78% of the vote last year.

    Chicago should try having non partisan leaders like Miami ===

    LP, Mayor Lightfoot was elected with 73% of the vote in a statutorily nonpartisan election, so there’s that.

    But if your general point is that competitive elections are bad, you’ll be quite pleased with the likely results of Pritzker-Bailey this year.


  138. - Jessica - Thursday, Jun 23, 22 @ 12:08 pm:

    ==With Rauner and Griffin gone the IL GOP has a better chance to produce authentic candidates verses the bought candidates.==

    Yes, but the GOP may have to wander in the wilderness for a decade because of the new legislative map. Also, keep in mind that without campaign fiance reform there will likely be a new Rauner and/Griffin to fuel Republican politicians. As long as Trumpsters and Moderate Republicans cannibalize the party, the party will drift…


  139. - low level - Thursday, Jun 23, 22 @ 12:08 pm:

    == Boy that’s a deep hole==.

    Thats the real reason conservatives are unhappy he is leaving. It has nothing to do with Citidel’s or Ken’s tax contributions and everything to do with the loss to Republican campaign bank accounts.


  140. - Oswego Willy - Thursday, Jun 23, 22 @ 12:10 pm:

    - Lucky Pierre -

    With Griffin and Rauner both gone, the longer you stay in Illinois, the more foolish you become.

    You staying is John Kass ridiculous


  141. - Reality Check - Thursday, Jun 23, 22 @ 12:10 pm:

    If you don’t think CATs jobs in Illinois will continue to dwindle over the coming years, you have very little clue


  142. - Oswego Willy - Thursday, Jun 23, 22 @ 12:11 pm:

    ===over the coming years===

    What are the lottery numbers, got those too?


  143. - MisterJayEm - Thursday, Jun 23, 22 @ 12:11 pm:

    Can’t we all just agree that anyone who spends less time on CapFax than I do is ignorant and anyone who spends more time on CapFax than I do is foolish and then move on?

    – MrJM


  144. - Disappointed Suburban Female - Thursday, Jun 23, 22 @ 12:11 pm:

    All the folks touting the Kelloggs move as being super additive need to go reread the a
    Tribune article.
    It notes Kelloggs already has a presence in Illinois and no employees will be required to relocate.


  145. - Eastside - Thursday, Jun 23, 22 @ 12:13 pm:

    According to the most recent individual income tax statistics available on the Department of Revenue website (Calendar Year 2019), those making over $500,000 represented 1.1% of tax filers and accounted for 22.5% of individual income tax collected. They paid an average of $68,323 in individual income tax for the 2019 tax year. High salaried employees leaving the State will have an impact.


  146. - Benjamin - Thursday, Jun 23, 22 @ 12:13 pm:

    ==With Rauner and Griffin gone the IL GOP has a better chance to produce authentic candidates verses the bought candidates.==

    While that’s probably true, “authentic” candidates that appeal to the GOP base are much more likely to get crushed in the general election. This is a reliably Democratic state, after all.

    As for the news itself, I reiterate what I said yesterday about Kellogg and what Narc said above: these corporate relocations are much more about where the executives want to live than anything else. And that includes taxes, incentives, climate (business or meteorological), state budgets, state debt rating, crime, proximity to factories, etc.


  147. - Peter Griffin - Thursday, Jun 23, 22 @ 12:13 pm:

    OW - The Budget Stabilization Fund has $751 million in it. GRF spent $527 Million in warrants and transfers yesterday. So, at that rate the rainy day fund covers the state’s expenses for about 36 hours.

    Call it a rainy day fund all you want, because that’s about how long the money would last…a day.


  148. - ddp76 - Thursday, Jun 23, 22 @ 12:15 pm:

    “He’s really not that old.”

    Old is defined as anyone 15 or more years older than you. So in my case, he’s very young.


  149. - Rich Miller - Thursday, Jun 23, 22 @ 12:15 pm:

    ===So, at that rate===

    lol

    Very convenient math right there. At that rate, the state would be on track to spend $137 billion this fiscal year.


  150. - Oswego Willy - Thursday, Jun 23, 22 @ 12:15 pm:

    - Peter Griffin -

    *I’m* not worth your time.

    Move on. I have

    Thanks.


  151. - Vote Quimby - Thursday, Jun 23, 22 @ 12:22 pm:

    Bye Ken and Co. Dumping Irvin 5 days before the primary… you are like Sammy Sosa skipping out before the end of the season. Except his corked bat worked…


  152. - Rich Miller - Thursday, Jun 23, 22 @ 12:25 pm:

    ===I’m skeptical===

    You’re welcome to express such skepticism. It’s not a bad thing. However, if there was internal polling showing something completely different, we’d likely know about it by now.


  153. - Thomas Paine - Thursday, Jun 23, 22 @ 12:31 pm:

    No cost-benefit analysis would be complete unless you include the price tag for the Rauner-Griffin Budget Impasse.

    I believe deputy Governor Dan Hynes pegged the cost of interest on the Bill backlog alone at $2 billion.

    We are still trying to recover from the hollowing out of state government, loss of social workers, higher Ed professionals, etc.

    Whatever you think Ken Griffin contributed in taxes, and you can bet Ken knows to the penny, it pales compared to what he has cost us, which Ken never considers.


  154. - MisterJayEm - Thursday, Jun 23, 22 @ 12:32 pm:

    And with regard to Ken’s “concerns” about crime in Chicago, BestPlaces recently compared the crime rates of Chicago and Miami on a scale of 1 (low) to 100 (high) using FBI data.

    The results?

    For Violent Crimes, Chicago scored 49.9 and Miami scored 48.8.

    For Property Crimes, Chicago scored 46.3 and Miami scored 62.7.

    D’oh‼

    – MrJM

    https://www.bestplaces.net/crime/?city1=51714000&city2=51245000


  155. - Streator Curmudgeon - Thursday, Jun 23, 22 @ 12:33 pm:

    Less name-calling, more caption contests.


  156. - Oswego Willy - Thursday, Jun 23, 22 @ 12:34 pm:

    Griffin shoulda ran someone for Chicago mayor.

    The fact that Republicans don’t, or don’t exist in Chicago political organizations, and Griffin hasn’t criticized Lightfoot…

    Makes one think… and it’s about Miami’s mayor?


  157. - Live Wire - Thursday, Jun 23, 22 @ 12:37 pm:

    -If you don’t think CATs jobs in Illinois will continue to dwindle over the coming years, you have very little clue-

    We you complaining when Cat was sending jobs to Mexico and China?


  158. - Arsenal - Thursday, Jun 23, 22 @ 12:38 pm:

    == Ken and Citadel welcomed warmly to Miami by a Mayor re elected with 78% of the vote last year.==

    Did you actually count all the votes this time, LP?


  159. - Rabid - Thursday, Jun 23, 22 @ 12:38 pm:

    Wears is heart on his sleeve


  160. - Adroit Opiner - Thursday, Jun 23, 22 @ 12:41 pm:

    ==but the Illinois Dept of Revenue will miss is average 50 million payment for his income taxes==

    That would mean he makes $1 billion a year in TAXABLE state income. I mean the dude is rich but he is certainly not claiming $1 billion (1/26 of his entire net worth) in taxable income. Please brush up on your algebra and then take Tax Avoidance 101.


  161. - Ron Burgundy - Thursday, Jun 23, 22 @ 12:41 pm:

    No need to deliver a concession speech Tuesday, Mayor Irvin. Your benefactor just gave it.

    Also, he just RSVP’d “No” to your “Victory Party.” But hey, he’s buying.


  162. - prairiedog - Thursday, Jun 23, 22 @ 12:42 pm:

    Somebody has stalker issues it would seem
    wow

    - Rich Miller - Thursday, Jun 23, 22 @ 10:28 am:

    ===Just left myself and i was laughing all the way.===

    Really? Your IP address says you’re still in Illinois.


  163. - Oswego Willy - Thursday, Jun 23, 22 @ 12:47 pm:

    ===Somebody===

    When you have your own blog…


  164. - Fayette County - Thursday, Jun 23, 22 @ 12:51 pm:

    He has bashed the state and Chicago long enough. I’m sure he will find something to complain about in Florida too.


  165. - Arsenal - Thursday, Jun 23, 22 @ 1:00 pm:

    ==It notes Kelloggs already has a presence in Illinois and no employees will be required to relocate.==

    And this article notes that Citadel will retain a presence in IL. So same’s same.

    ==High salaried employees leaving the State will have an impact. ==

    They’re not all leaving, though. Heck, not even all the Citadel employees are leaving.

    Ya’ll are grasping at some straws.


  166. - Grandson of Man - Thursday, Jun 23, 22 @ 1:01 pm:

    Griffin made his billions in Illinois and now he’s leaving because he’s losing politically. Imagine if everyone who lost politically left. That would be some kind of entitlement attitude. Some kind of gratitude from this person, for all his great fortune in Illinois. Good day, sir, Gene Wilder style.


  167. - Oswego Willy - Thursday, Jun 23, 22 @ 1:07 pm:

    ===Ya’ll are grasping at some straws.===

    It’s the same folks that seemingly require that Illinois does poorly and cheer bad news, yet continue to stay *here*.

    They need to be victims, it’s their identity,

    In this past years I’ve been to states like Louisiana, Tennessee, both Carolinas… they all love their states. Even the bad, they love their states.

    It’s the oddest flex to not only be from Illinois but hate on Illinois without leaving Illinois. Funny thing is, Griffin, Rauner, the ones duping so many, they leave laughing at those duped, as they stay. Such an odd flex to be a victim by not exercising free will to leave.


  168. - Blue Bayou - Thursday, Jun 23, 22 @ 1:12 pm:

    GOOD RIDDANCE


  169. - DuPage Carl - Thursday, Jun 23, 22 @ 1:12 pm:

    Man, I would hate to be a living thing in Griffin’s castle right around now.

    #FairTax2024


  170. - Keyrock - Thursday, Jun 23, 22 @ 1:20 pm:

    Thanks, Soccermom. As usual, you have the correct answer.


  171. - Eastside - Thursday, Jun 23, 22 @ 1:23 pm:

    ===Ya’ll are grasping at some straws===

    Show me where I said that they are leaving? I said, “High salaried employees leaving the State will have an impact.” And, I showed data to demonstrate it. It is called having an informed conversation rather than using rampant speculation. Now, I don’t think it is much of a stretch to assume that a business moving a corporate headquarters would lead to a loss of high salaried employees in the previous location but I was silent on that presumption. You are reading what you want to read rather than what I wrote.


  172. - Big Dipper - Thursday, Jun 23, 22 @ 1:35 pm:

    ==who is going to fund the IL GOP?==

    Bailey and DeVore can have a lemonade stand.


  173. - Da big bad wolf - Thursday, Jun 23, 22 @ 1:41 pm:

    ===but in the course of negotiation it came up that one of the ‘perks’ is to be able to ‘pick’ your primary residence in any of the states the company had operations in. Actually moving wasn’t a requirement - but you would have to visit the office in that state for 30-60 days in a year for a conference(to meet the legal requirements for residency in said state). The company would even pay a relocation fee to you based on your choice. It was never clearly stated that this perk was meant to avoid state income taxes, but it was obviously structured that way.===

    How is that possible? An employee pays income tax to the state he works in, not the state he has residency in.


  174. - Oswego Willy - Thursday, Jun 23, 22 @ 1:42 pm:

    I bet some are now missing the “simple days” of “Fire Madigan”, IPI t-shirts, and a party that kept the sillies at bay.

    But, the Rauner/Griffin money was too easy…


  175. - Sue - Thursday, Jun 23, 22 @ 1:49 pm:

    Grandson-Illinois had nothing to do with KG’s success. Not like he was selling tractors to farmers. Griffin’s success is/ was independent of his location as he is proving by moving.


  176. - TheInvisibleMan - Thursday, Jun 23, 22 @ 1:51 pm:

    “How is that possible?”

    That was the discussion during negotiations.

    I don’t have the exact details, but I imagine with enough paperwork, the ‘work’ can be shown to have been done in any state there is an office, which is likely why having an office in a state was a requirement for that state to be an option, and the requirement to be at a ‘conference’ in that state for 60 days out of the year.

    Something similar happened with sales taxes in Illinois collar counties a few years back, where companies were opening up shell storefronts just outside the county where the sales tax was higher, for the only purpose to pass their sales through that office. That was eventually closed through legislation, but only after the public found out about it in news stories.

    Tax law is weird, and if there’s a way for someone to find an advantage, they will.


  177. - Everbody's Talking at Me - Thursday, Jun 23, 22 @ 1:59 pm:

    Richard and Ken are going to have a long bus ride to Miami.


  178. - Excitable Boy - Thursday, Jun 23, 22 @ 2:09 pm:

    - Griffin’s success is/ was independent of his location as he is proving by moving. -

    Moving after decades and conveniently right when the candidate he hand picked is about to get absolutely smoked. Yeah, definitely a business decision.


  179. - cubird - Thursday, Jun 23, 22 @ 2:19 pm:

    Add to OW comment regarding backing a mayor for Chicago..Ken could have backed a Cook County State Attorney to address crime in the City.


  180. - Oswego Willy - Thursday, Jun 23, 22 @ 2:35 pm:

    Rauner snuck out of Illinois, pulling an Oberweis with Diana Rauner “staying” while Bruce left.

    At least Griffin needed to whine and leave so everyone knows when he loses he leaves.

    Which is better, sneaking out or whining out, I’ll leave that to others I guess.


  181. - Montrose - Thursday, Jun 23, 22 @ 2:35 pm:

    To the Irvin update:

    1) You aren’t running against Pritzker. Your voters won’t see his name on their ballot Tuesday. You are doubling down on what isn’t working in your campaign.

    3) “Pro-criminal administration” The guy that gave you that talking point is skipping town. You don’t have to use it anymore.


  182. - Arsenal - Thursday, Jun 23, 22 @ 2:35 pm:

    ==Illinois had nothing to do with KG’s success.==

    Eh. Proximity to CBOT surely helped. And there’s a reason he wanted that big project in Aurora.

    But there’s also a reason he’s leaving an office and staff here, anyway. Illinois was and will continue to be a part of Citadel’s success.


  183. - Arsenal - Thursday, Jun 23, 22 @ 2:42 pm:

    ==Show me where I said that they are leaving?==

    Oh, okay, that’s the game we’re playing? Okay.

    Show me where *I* said you or anyone said that they are leaving? I’m just providing the proper context that not all Citadel employees, let alone all high income Illinoisans, are leaving. It’s called having an informed conversation rather than using rampant speculation.

    == Now, I don’t think it is much of a stretch to assume…==

    Oh. So you *are* saying the thing that you insisted I show you where you said it. OK.

    Tell ya what, maybe when you finish this little argument with yourself you can come back and tell the rest of us where you landed, huh?


  184. - Da big bad wolf - Thursday, Jun 23, 22 @ 3:02 pm:

    I wish the people of Miami all the best. Chicago is a wealthy city in a wealthy state. Chicago and Illinois will be fine. Miami needs all the help it can get.
    https://www.bloomberg.com/news/features/2018-08-29/miami-s-other-water-problem


  185. - Eastside - Thursday, Jun 23, 22 @ 3:18 pm:

    Right after quoting me, you said:

    ===They’re not all leaving, though===

    Do you have anything of substance to add? I gave you data. You have opinions. Do you know the difference? Show your work.


  186. - Oswego Willy - Thursday, Jun 23, 22 @ 3:23 pm:

    ===Show your work.===

    You could start with the IMA release on Cat and the 17,000 jobs staying in Illinois?


  187. - Ace Laredo - Thursday, Jun 23, 22 @ 3:27 pm:

    I’m reminded of Powers Boothe’s Curly Bill Brocius in “Tombstone”:

    “Well…….bye.”


  188. - DMC - Thursday, Jun 23, 22 @ 3:30 pm:

    These comments crack me up. So obvious who still believes the Trib and John Kass and who actually looks at data. Tired of the Chicago bashing. The media has to stop.


  189. - Da big bad wolf - Thursday, Jun 23, 22 @ 3:32 pm:

    Invisible man or not visible man, Yikes. Phony work locations sounds so enronesque. It sound like you dodged a bullet not taking that job.


  190. - JDuc - Thursday, Jun 23, 22 @ 3:36 pm:

    Can’t blame him


  191. - Oh well - Thursday, Jun 23, 22 @ 3:44 pm:

    === Can’t blame him.===

    Let’s see. He already lives there. He was born four hours from there, so he has family there. He already has an office there. Some employees want to be transferred there. How much work was it? Maybe have new stationery printed?


  192. - MyTwoCents - Thursday, Jun 23, 22 @ 3:56 pm:

    Miami’s great, until you’re packing & evacuating for your first hurricane. I’ll take a blizzard over a hurricane any day. Plus just wait until the Citadel employees get their home insurance bills. Highest premiums in the nation & it appears part of it is due to lawsuit abuse. And I thought IL was a trial lawyers dream & Florida was a conservative’s dream? /s
    https://www.abcactionnews.com/news/price-of-paradise/florida-homeowners-pay-nearly-3x-national-average-for-homeowners-insurance?_amp=true

    Point being is it’s easy to go Illinois bad, Florida good, but the reality is a lot more complicated. The grass isn’t always greener on the other side.


  193. - Arsenal - Thursday, Jun 23, 22 @ 4:10 pm:

    == Right after quoting me, you said:==

    So you *cant* show me where I said anything about what you may or may not have claimed. Got it.

    == I gave you data. You have opinions. Do you know the difference?==

    Do you? Because what I said was that every high-income tax filer isn’t leaving IL. That’s not an opinion, it’s an assertion. I might be wrong about that, but you haven’t really addressed that, you e just insisted that you never said they were, but that you think they, but you’re not saying you’re just saying.

    You either don’t know what you think or you don’t have the guts to say it. Griping about me wont fix either one of those. Not understanding what an “opinion” is won’t fix either one of those.

    But you can keep doing it if it makes you feel better. I got thick skin, you can take your inability to make a coherent argument out on me if you need to.


  194. - Demoralized - Thursday, Jun 23, 22 @ 4:18 pm:

    ==Irvin blamed Pritzker for Citadel’s departure==

    Well, I suppose insofar as JB Pritzker had a hand in defeating Ken Griffin’s hand picked candidate Richard Irvin, thus depriving Ken Griffin of the influence he wanted over Illinois government then, yeah, the blame can be placed on JB Pritzker.


  195. - Arsenal - Thursday, Jun 23, 22 @ 4:44 pm:

    == And I thought IL was a trial lawyers dream & Florida was a conservative’s dream? ==

    Yeah, dude, Florida is basically the Wild West for lawyers.


  196. - TJ - Thursday, Jun 23, 22 @ 4:53 pm:

    Don’t let the door hit you on the way out, Ken. Sorry your millions didn’t buy your astroturfed candidate support.


  197. - bored now - Thursday, Jun 23, 22 @ 4:59 pm:

    chicago to miami, and you’re reason is crime?!?!?!?

    “Based on FBI crime data, Miami is not one of the safest communities in America.” i guess he had to give some excuse, regardless of the facts…


  198. - thoughts matter - Thursday, Jun 23, 22 @ 5:34 pm:

    ==How is that possible? An employee pays income tax to the state he works in, not the state he has residency in.==
    Nor necessarily. Taxes are taken out if your check either to the state you work in … if the company is big enough and is nationwide their accounting software can handle doing it for the state you live in.
    At the end of the year, when you file taxes, many states have reciprocity filings. Where you deal with the fact that I paid taxes all year long to state y, but I live in state x.


  199. - Da big bad wolf - Thursday, Jun 23, 22 @ 5:59 pm:

    The state of Illinois has a reciprocity agreement with Iowa
    Kentucky, Michigan and Wisconsin.
    After 30 days of working in Illinois, wages earned in Illinois are taxable.
    https://www.seldenfox.com/tax/articles/illinois-to-start-taxing-nonresidents-if-they-work-in-illinois/


  200. - CEA - Thursday, Jun 23, 22 @ 7:14 pm:

    Safe travels.


  201. - Proud Papa Bear - Thursday, Jun 23, 22 @ 8:16 pm:

    Sweet. A very rare 200+ comment post.


  202. - Oswego Willy - Thursday, Jun 23, 22 @ 9:48 pm:

    I appreciate all who rallied around me. Sorry it came to that.

    I may have not responded in real time, but I read them, and appreciated it. Sincerely.

    What a crazy day, Griffin’s timing is … wow


  203. - Da big bad wolf - Friday, Jun 24, 22 @ 7:04 am:

    === Grandson-Illinois had nothing to do with KG’s success. Not like he was selling tractors to farmers. Griffin’s success is/ was independent of his location as he is proving by moving.===

    “Chicago will continue to be important to the future of Citadel…”

    Ken Griffin’s own words beg to differ.


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