Tracy Alloway and Joe Weisenthal have some scoopage on their Odd Lots podcast.
From Bloomberg, May 15
CME CEO Duffy Says Firm Is Prepared to Leave Chicago ‘If We Had To’
‘Ill-conceived policy’ could see the exchange’s leases voided.
CME Group Inc. is prepared to leave Chicago if the city and state take steps that are perceived as “ill-conceived,” Chief Executive Officer Terry Duffy said in an interview.
Duffy’s remarks, made in an episode of the Odd Lots podcast, come as Mayor Brandon Johnson is being sworn into office after proposing additional taxes, including one on financial transactions, to help boost the city’s revenue. That plan was fiercely opposed by Chicago’s exchanges and investment firms. A higher levy would also require state approval to pass.
“Mr. Johnson has no legal authority to impose a transaction tax on my business,” said Duffy, adding that fighting crime should be a bigger focus for the new mayor....
....MUCH MORE including, of course, the pod.
