Ken Griffin is no stranger to giving out big gifts in the big cities where he lives and does business. In Chicago, the financial magnate donated $125 million in 2019 to help modernize the Museum of Science and Industry. Now the billionaire founder of the Citadel financial empire is using his fortune to make a mark in Florida, where he moved from Chicago in 2022. His gifts are the highest-profile example of how recently transplanted financial professionals are forging a new era of philanthropy across the Sunshine State. From Tampa to Miami and Sarasota to Boca Raton, affluent young people and families rooted in Wall Street careers have helped drive a boom in giving.
Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
What a representation of Chicago’s plight.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
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Ken Griffin and a fair chunk of his firm left because the city, states attorney, cook county circuit court system and the state backed off on enforcing criminal law, and apparently intentionally let crime get out of control. He warned the city and county. He made huge donations to charities and our cultural scene (hospitals and museums) while he was here. The D’s from Pritzker on down said don’t let the door hit you in the a** on the way out, and that it was no big deal. Chicago’s loss. I saw that Pritzker only recently admitted he was sad… Read more »
He’s setting a really good example for Jumbo Belly to follow in Chicago.
Ken Griffin/David Geffen also donated $400M to Sloan Kettering cancer center.
https://www.mskcc.org/news-releases/mskcc-announces-landmark-400-million-gift-from-kenneth-griffin-and-david-geffen