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Dem. NYC mayoral candidate Ray McGuire: We don't need more taxes

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Red-Flagging SPACs: The Lawsuit Against Multiplan Corp.

Red-Flagging SPACs: The Lawsuit Against Multiplan Corp.
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Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5.7 Million Over Next Few Years

While McGuire is tied for fifth in the Spectrum News NY1/ Ipsos poll, if he were to win the race for mayor, the Citi payouts could come on top of what he makes as the city s chief executive. A Politico report from 2019 shows that New York Mayor Bill de Blasio made more than $250,000 in one year.
The filing shows that McGuire will be paid in four equal installments starting next year and ending in 2025, totaling just more than $5.7 million.
Citi announced in October that McGuire would be stepping down from his post. He had been at the financial giant for at least 15 years. He officially announced his run for mayor in December. ....

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Ray Makes the Case

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. ....

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Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5.7 Million Over Next Few Years

Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5.7 Million Over Next Few Years
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