From hedge funder Larry Robbins, founder and chief executive officer of Glenview Capital Management on his decision to move with his family to Palm Beach and commute back to New York for work a few days a week:
“I know of no business that has generated long term success by driving away its highest paying customers… I am in fear for New York’s most vulnerable to become victimized by the great migration…
“Unless we solve the big problem of driving high earners away from New York City, this challenge will be a persistent headwind for decades to come…
“I’m going to continue to dedicate to investing in high quality education in New York City, because unfortunately that job is nowhere near done. Despite the unbelievable results that KIPP and other high-performing charters have produced, there’s still a significant need for additional capacity for high quality seats.”
