00:00 Speaker A
Well, the results are in and the financial capital of the world has officially elected Zoran Mamdani as its mayor.
00:06 Speaker A
The mayor-elect will be the first ever Democratic socialist to lead the city.
00:11 Speaker A
One of his most vocal critics on Wall Street, Bill Ackman, posting his congratulations following the win.
00:17 Speaker A
And it’s not just Ackman. Others on Wall Street are adapting to the new reality of a critic of capitalism running the city.
00:23 Speaker A
On Tuesday, City Group CEO Jane Fraser told Bloomberg News they hope to work with the mayor-elect on making the city an even better place for both their people and clients to live and work.
00:35 Speaker A
And last month, even J.P. Morgan CEO Jamie Dimon said he would put aside his skepticism of the Democratic socialist to help him.
00:41 Speaker A
The CEO of the biggest US Bank told Fortune’s most powerful woman conference that it’s important for business leaders who are at odds with local officials to get involved and grow up.