Former Citigroup executive Ray McGuire throws his hat in the ring for the New York City mayor’s race
Photos: AP images
Ray McGuire may not be a household name in New York, but the edge he holds over the dozen or so other candidates for mayor is paved with green, lots of it. At a time when the city’s business class worries about the post-pandemic reopening, he is the only one of those vying for the Democratic nomination to offer a vision without raising taxes.
McGuire, 63, stepped down from his position as vice chairman at banking giant Citigroup, a job he held for 15 years, to enter public service for the first time. He has raised millions of dollars, eschewing the city’s generous matching funds program that gives $8 for every dollar in small donations raised. This speaks to the apprehension of his backers, who worry that the next mayor will make it harder for them to operate.
Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5 7 Million Over Next Few Years
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Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5 7 Million Over Next Few Years
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Klein’s fourth SPAC
Churchill Capital Corp IV (NYSE: CCIV) is one of the most talked-about SPACs currently searching for a target.
Churchill Capital Corp IV sold 100,000 units in its July 2020 offering. Units included one common share and one-fifth of a warrant.
Churchill Capital Corp IV has been linked with rumors of taking EV company Lucid Motors public since January.
Shares of Churchill Capital Corp IV closed up 27% higher to $39.98 on Friday, hitting a new all-time high of $41.38 in intra-day trading.
Churchill Capital Corp IV is the SPAC trading at the highest premium to NAV without an announced merger. If the SPAC lands Lucid Motors, Klein SPACs could get more attention and attract new buyers and pre-deal premiums.