"Salem is now selling Zohran Mamdani's democratic socialist vision in New York City's boardrooms. In September, he launched OneNYC, a pro-Mamdani PAC that's raised nearly $400,000 from donors like Andrew Milgram, CEO of Marblegate Asset Management. While the PAC has spent money on ads - including $53,000 on a TV spot - Salem said its true goal is to act as a connective tissue between New York's business world and a populist candidate whose ascension is one of the year's top political stories."
"Salem's outreach follows months of condemnations of the candidate by Wall Street's elites like JPMorgan CEO Jamie Dimon, Pershing Square head Bill Ackman, and Third Point hedge fund boss Dan Loeb. Billionaire corporate leaders have been spending big in a last-ditch effort to elect Andrew Cuomo. Since Mamdai's surprise 12-point primary win, Salem said, the business community has been more willing to engage with the candidate. Salem has chatted with more than 70 CEOs, roughly 30 of whom head large corporations, he said."
Yasser Salem is a 43-year-old former McKinsey and Saudi Public Investment Fund alum who ran his own investment firm and is a fan of Ayn Rand. He launched OneNYC, a pro-Zohran Mamdani PAC, in September and raised nearly $400,000 from donors including Andrew Milgram. OneNYC spent on ads, including a $53,000 TV spot, but focuses on connecting New York's business community to Mamdani's democratic socialist platform. Salem has engaged more than 70 CEOs across finance, insurance, real estate, and tech, with about 30 leading large corporations. Wall Street elites initially condemned Mamdani while spending to support Andrew Cuomo.
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