Chicago Mayor Lori Lightfoot lost her reelection bid after her tenure was marked by a rise in crime that contributed to an exodus of major corporations from the Windy City.
became the first mayor of the Windy City to lose reelection in 40 years when she was defeated in Tuesday’s primary, and an exodus of major corporations from the Chicago area preceded her electoral defeat amid surging crime.
While homicides ebbed last year, other crimes continued to rise. Lightfoot sparred with the city’s law enforcement over a variety of issues and her failure to address the increase in violent crime prompted many corporations to relocate their headquarters out of the Chicago area. Billionaire Ken Griffin announced last June that he would move his hedge fund, Citadel Securities, from Chicago to Miami. Rising crime rates in Chicago reportedly played a role in Griffin’s decision. Griffin’s letter announcing the move said that while the city "will continue to be important to the future of Citadel," he noted, "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.
In April 2022, two months before he announced the move, Griffin told the Wall Street Journal, "I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from."
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