5 ms·

Citadel ditches Chicago for Miami following crime complaints

10 points by maartenscholl 4y ago

verdverm 4y ago
GopherCon went the opposite way last month for different reasons https://news.ycombinator.com/item?id=31531475 https://news.ycombinator.com/item?id=31531475
smt88 4y ago
According to cursory Google search[1], Miami has more crime per capita than Chicago does. Even if that isn't accurate, crime everywhere is down from 10 or 20 years ago, so why would Citadel move to Miami now instead of moving to Chicago suburbs 20 years ago? This is likely more about Griffin's politics than about crime, and mentioning crime is itself politically motivated. 1. https://www.areaconnect.com/crime/compare.htm?c1=Chicago&s1=IL&c2=miami&s2=FL https://www.areaconnect.com/crime/compare.htm?c1=Chicago&s1=...
- robswc 4y ago
  I think the politics are a huge factor but not the only one. Crime stats are important but this move in particular is because of Citadel employees themselves becoming victims of crimes more often than before. (if they are to be believed)
  - smt88 4y ago
    > Crime stats are important but this move in particular is because of Citadel employees themselves becoming victims of crimes more often than before. (if they are to be believed) We don't just have to believe them, we have to believe the messengers: Citadel and Griffin. Both are prolific liars and manipulators. But assuming Griffin, Citadel, and Citadel's employees are telling the truth, that they are victimized more than they were before (with some nebulous definition of "before"), we also need to assume that they think they'd be safer in Miami and are eager to move. You may be right that it's more than politics, but politics seems to be more than enough incentive for Griffin just by itself, and the other reasoning is not very plausible in the first place.
    - robswc 4y ago
      Sure. (sorry for late reply) I guess it's a lot of things. Really, there's a strong incentive to go to Miami for a lot of reasons, so when you stack up all the pros and cons, the politics could give Miami a slight edge.
toomuchtodo 4y ago
Around 300 employees moving to new HQ, Citadel will maintain an office in Chicago per Griffin's memo. Just a bit more than Caterpillar moving from their Deerfield HW to Texas (although they’re still keeping production in the suburbs, just as Citadel is keeping a Chicago office). Looks like this is the result of Griffin’s Republican challenger he was funding losing out in the polls for the upcoming IL gov election, and deciding to move to where his politics are more welcome. > Griffin’s decision came as Griffin’s favored gubernatorial candidate, Republican Aurora Mayor Richard Irvin, has fallen behind in the polls. Griffin backed Irvin’s bid for the GOP nomination with $50 million. Pritzker is seeking a second term. My editorial comment: Pritzker is probably the most competent governor IL has seen in a while, and is doing well operating in a deeply challenging environment. https://therealdeal.com/chicago/2022/06/23/miami-nabs-another-big-name-as-citadels-griffin-shifts-hq/ https://therealdeal.com/chicago/2022/06/23/miami-nabs-anothe...
- toomuchtodo 4y ago
  A quick follow up to this. Abbott is acquiring office space in Willis Tower (formerly the Sears Tower), and intends to bring 450-500 employees to downtown, offsetting the Citidel loss. https://chicago.suntimes.com/business/2022/6/21/23177495/abbott-offices-chicago-willis-tower https://chicago.suntimes.com/business/2022/6/21/23177495/abb...
kingTug 4y ago
Ken Griffin is a prolific criminal, himself. https://kengriffincrimes.com/ https://kengriffincrimes.com/
Proven 4y ago
[dead]

10 points by maartenscholl 4y ago

GopherCon went the opposite way last month for different reasons https://news.ycombinator.com/item?id=31531475 https://news.ycombinator.com/item?id=31531475

smt88 4y ago

According to cursory Google search[1], Miami has more crime per capita than Chicago does. Even if that isn't accurate, crime everywhere is down from 10 or 20 years ago, so why would Citadel move to Miami now instead of moving to Chicago suburbs 20 years ago? This is likely more about Griffin's politics than about crime, and mentioning crime is itself politically motivated. 1. https://www.areaconnect.com/crime/compare.htm?c1=Chicago&s1=IL&c2=miami&s2=FL https://www.areaconnect.com/crime/compare.htm?c1=Chicago&s1=...

robswc 4y ago
I think the politics are a huge factor but not the only one. Crime stats are important but this move in particular is because of Citadel employees themselves becoming victims of crimes more often than before. (if they are to be believed)
- smt88 4y ago
  > Crime stats are important but this move in particular is because of Citadel employees themselves becoming victims of crimes more often than before. (if they are to be believed) We don't just have to believe them, we have to believe the messengers: Citadel and Griffin. Both are prolific liars and manipulators. But assuming Griffin, Citadel, and Citadel's employees are telling the truth, that they are victimized more than they were before (with some nebulous definition of "before"), we also need to assume that they think they'd be safer in Miami and are eager to move. You may be right that it's more than politics, but politics seems to be more than enough incentive for Griffin just by itself, and the other reasoning is not very plausible in the first place.
  - robswc 4y ago
    Sure. (sorry for late reply) I guess it's a lot of things. Really, there's a strong incentive to go to Miami for a lot of reasons, so when you stack up all the pros and cons, the politics could give Miami a slight edge.

toomuchtodo 4y ago

Around 300 employees moving to new HQ, Citadel will maintain an office in Chicago per Griffin's memo. Just a bit more than Caterpillar moving from their Deerfield HW to Texas (although they’re still keeping production in the suburbs, just as Citadel is keeping a Chicago office). Looks like this is the result of Griffin’s Republican challenger he was funding losing out in the polls for the upcoming IL gov election, and deciding to move to where his politics are more welcome. > Griffin’s decision came as Griffin’s favored gubernatorial candidate, Republican Aurora Mayor Richard Irvin, has fallen behind in the polls. Griffin backed Irvin’s bid for the GOP nomination with $50 million. Pritzker is seeking a second term. My editorial comment: Pritzker is probably the most competent governor IL has seen in a while, and is doing well operating in a deeply challenging environment. https://therealdeal.com/chicago/2022/06/23/miami-nabs-another-big-name-as-citadels-griffin-shifts-hq/ https://therealdeal.com/chicago/2022/06/23/miami-nabs-anothe...

toomuchtodo 4y ago
A quick follow up to this. Abbott is acquiring office space in Willis Tower (formerly the Sears Tower), and intends to bring 450-500 employees to downtown, offsetting the Citidel loss. https://chicago.suntimes.com/business/2022/6/21/23177495/abbott-offices-chicago-willis-tower https://chicago.suntimes.com/business/2022/6/21/23177495/abb...

kingTug 4y ago

Ken Griffin is a prolific criminal, himself. https://kengriffincrimes.com/ https://kengriffincrimes.com/

Proven 4y ago

[dead]