So long, New York! Amazon has pulled out of its commitment to build a massive campus and bring 25,000 to 40,000 high-paying jobs to Long Island City in Queens. On Valentines Day!
Roses are red / violets are blue / you’re not getting / my HQ2 – Love, Jeff
What went wrong? Why the breakup?
First of all, some critics were mad that New York offered 3 billion dollars in tax incentives to lure Amazon in the first place. Most businesses just come here because they want to be in New York and pay the taxes.
Second, you’ve got the union issues. Amazon flat out said, we’re not going to want our employees to unionize.
But still. It wasn’t as if the working class in Queens was rising up in protest against the Amazon deal. A poll by the Siena College Research Institute found 56 percent of New Yorkers wanted it, Democrats and Independents more than Republicans. Blacks and Latinos favored the deal more than any other group.
So what gives? And what does it mean for future deals between billionaire-run corporations and cities?
Joining me: Anand Giridharadas, author of “Winners Take All: The Elite Charade of Changing the World” and CNBC Wealth Editor Robert Frank.
107 - What Really Mattered at CES 2019, with Julia Boorstin, AMD, IBM, Mobileye, Verizon
106 - WW CEO Mindy Grossman; Plus, Wellness and Fitness Tech for 2019
105 - UpWork CEO Stephane Kasriel: Is the Full-Time Job A Dinosaur?
104 - Intel interim CEO Bob Swan; Plus, Real Estate Insight for 2019
103 - Three Tech Controversies from 2018: Digital Data, Fun and Money
102 - Salesforce co-CEO Keith Block; Plus Your Game Plan for Consumer Cloud
101 - AWS CEO Andy Jassy: The Plan to Stay Ahead in the Cloud
100 - Max Levchin, PayPal co-founder and Affirm CEO: Disrupting Money (Again)
99 - KIND Snacks Founder Daniel Lubetzky; Plus, Outsmart the Holiday Season
98 - BlackBerry CEO John Chen; Plus, How to Beat Amazon
97 - Panera CEO Blaine Hurst; Plus, Why Parents Must Make A Screen Time Strategy
96 - Luis von Ahn, Duolingo CEO: Could Language Be Key to Closing the Wealth Gap?
95 - HotelTonight CEO Sam Shank, Plus Cannabis Goes Legal in Canada
94 - Carnival CEO Arnold Donald: Achieve Despite the Doubters
93 - New Rules of the PC Market: A Practical Buying Guide, with Patrick Moorhead
92 - SiriusXM Buying Pandora, and A New Cloud Alliance: Tim Westergren, Pandora Co-founder
91 - What the Most Successful Founders Have in Common: Maynard Webb, Scott Galloway, Robert Frank
90 - Analyzing the New iPhone XS Max & Apple Watch with Chrissy Farr, Josh Lipton, Jillian Manus
89 - Nike’s Gamble; Facebook & Twitter Go to Washington. With Charles Duhigg & Ellen Pao
88 - How to Get Pay-Boosting Skills Without Going Broke
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Mad Money w/ Jim Cramer
American Greed Podcast
CNBC’s ”Fast Money”
Squawk on the Street
CNBC’s ”The Suze Orman Show”- Full Show