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Revision as of 01:04, 3 June 2021 editShapiroAlexa (talk | contribs)16 edits Removed editorializing statement from description of quote.Tag: Visual edit← Previous edit Revision as of 17:47, 4 June 2021 edit undoA21sauce (talk | contribs)Extended confirmed users, Pending changes reviewers23,752 edits →2021 mayoral election: debateTag: nowiki addedNext edit →
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Three months after beginning his campaign, McGuire's campaign announced that it had raised $5 million, an unusually high sum for only three months. A significant portion of his contributions came from large donations from Wall Street, corporate America, the entertainment industry, and the real estate industry.<ref>{{cite news |last=Mays|first=Jeffrey|date=2021-01-13|title=Wall Street Favorite Raises $5 Million in Race for New York Mayor |url=https://www.nytimes.com/2021/01/13/nyregion/ray-mcguire-donors-mayor.html |work=The New York Times |access-date=2021-01-13}}</ref> As of mid-January 2021, he had raised nearly $4.9 million from donors, spent about $1.1 million on his campaign, and had about $3.75 million left.<ref>{{Cite web|url=https://citylimits.org/2021/01/18/major-financial-disparities-among-citys-large-mayoral-field/|title=Major Financial Disparities in City's Large Mayoral Field|author=Samar Khurshid|date=January 18, 2021|website=City Limits}}</ref> Three months after beginning his campaign, McGuire's campaign announced that it had raised $5 million, an unusually high sum for only three months. A significant portion of his contributions came from large donations from Wall Street, corporate America, the entertainment industry, and the real estate industry.<ref>{{cite news |last=Mays|first=Jeffrey|date=2021-01-13|title=Wall Street Favorite Raises $5 Million in Race for New York Mayor |url=https://www.nytimes.com/2021/01/13/nyregion/ray-mcguire-donors-mayor.html |work=The New York Times |access-date=2021-01-13}}</ref> As of mid-January 2021, he had raised nearly $4.9 million from donors, spent about $1.1 million on his campaign, and had about $3.75 million left.<ref>{{Cite web|url=https://citylimits.org/2021/01/18/major-financial-disparities-among-citys-large-mayoral-field/|title=Major Financial Disparities in City's Large Mayoral Field|author=Samar Khurshid|date=January 18, 2021|website=City Limits}}</ref>


In a May 2021 interview with the New York Times, McGuire guessed that the median price of a home in Brooklyn was "in the $80,000 to $90,000 range." The real figure was over $900,000.<ref name="New York Times 2021-05-11">{{cite web|last=Mihir Zaveri|first=Mihir|date=2021-05-11|title=It’s a Home in Brooklyn. What Could It Cost? $100,000?|url=https://www.nytimes.com/2021/05/11/nyregion/median-home-brooklyn-mayor.html|publisher=New York Times|accessdate=2021-05-12}}</ref> In a May 2021 interview with the ''New York Times'', McGuire guessed that the median price of a home in Brooklyn was "in the $80,000 to $90,000 range." The real figure was over $900,000.<ref name="New York Times 2021-05-11">{{cite web|last=Mihir Zaveri|first=Mihir|date=2021-05-11|title=It’s a Home in Brooklyn. What Could It Cost? $100,000?|url=https://www.nytimes.com/2021/05/11/nyregion/median-home-brooklyn-mayor.html|publisher=New York Times|accessdate=2021-05-12}}</ref> In the second mayoral debate, held on June 2, 2021, he scored fifth-highest among all the candidates onstage in the '']''<nowiki>'</nowiki>s opinion article on the event with Marcia Gay writing, "Until recently, McGuire has mostly campaigned in corporate-speak. But when he talked about supporting undocumented immigrants Wednesday night, he sounded like a city mayor. “They’re New Yorkers,” he said. “We need to respect them. We need to treat them with dignity.” He’s getting better at this." Eleanor Randolph wrote "Finally displayed some of the fight he must have shown in the back rooms of the corporate world. He even challenged the comptroller, Scott Stringer, about his oversight of the city’s massive pension investments."<ref>{{cite news|url=https://www.nytimes.com/2021/06/02/opinion/nyc-mayor-debate-who-won.html?action=click&module=Opinion&pgtype=Homepage|publisher=The New York Times|title=‘You Can’t Run From the City … if You Want to Run the City’: Winners and Losers of New York’s Second Mayoral Debate|date=2 June 2021}}</ref>


== Personal life == == Personal life ==

Revision as of 17:47, 4 June 2021

American businessmanNot to be confused with Raymond Maguire.

Raymond McGuire
Born (1957-01-23) January 23, 1957 (age 67)
Dayton, Ohio, U.S.
EducationHarvard University (AB, JD, MBA)
Political partyDemocratic
SpouseCrystal McCrary McGuire
Children3, including Cole Anthony (step-son)

Raymond J. McGuire (born January 23, 1957) is an American businessman and political candidate who worked as an executive at Citigroup. In October 2020, McGuire announced his candidacy in the 2021 New York City mayoral election.

Early life and education

McGuire was born in Dayton, Ohio and raised by his mother and grandparents. Through scholarships, he attended the Hotchkiss School in Lakeville, Connecticut. He then graduated with an B.A. from Harvard College in 1979. McGuire attended the University of Nice in France on a Rotary Fellowship in 1980. In 1984, he received an M.B.A. from Harvard Business School and a Juris Doctor from Harvard Law School.

Career

McGuire began working in finance in 1982 at First Boston. He was one of the original members of Wasserstein Perella & Co., Inc., and worked at Merrill Lynch & Co., Inc. He spent several years at Morgan Stanley before moving to Citigroup in 2005, where he worked as the global co-head of investment banking.

Prior to announcing his candidacy for mayor, McGuire was one of the highest-ranking and longest-serving African American business executives on Wall Street. McGuire was also named as a candidate to serve as the president of the Federal Reserve Bank of New York, but the job went to John C. Williams. During his tenure at Citigroup, McGuire has served as a business advisor for the Time Warner Cable split, ConocoPhillips' acquisition of Burlington Resources, Koch Industries' acquisition of Georgia-Pacific, the sale of Electronic Data Systems to Hewlett-Packard, and others.

An art collector, McGuire is the chairman of the Studio Museum in Harlem. McGuire was a bundler to Barack Obama's presidential campaigns, and mentioned as a possible candidate for a position in the United States Department of the Treasury in 2013.

2021 mayoral election

Main article: 2021 New York City mayoral election

After McGuire announced his 2021 candidacy for mayor of New York City, it was reported that he had received significant urging to run for mayor by members of the New York City business community. Valerie Jarrett will serve as a co-chair of McGuire's campaign. McGuire has pledged to focus his campaign on racial unrest amid the George Floyd protests and economic recovery from the COVID-19 pandemic.

Three months after beginning his campaign, McGuire's campaign announced that it had raised $5 million, an unusually high sum for only three months. A significant portion of his contributions came from large donations from Wall Street, corporate America, the entertainment industry, and the real estate industry. As of mid-January 2021, he had raised nearly $4.9 million from donors, spent about $1.1 million on his campaign, and had about $3.75 million left.

In a May 2021 interview with the New York Times, McGuire guessed that the median price of a home in Brooklyn was "in the $80,000 to $90,000 range." The real figure was over $900,000. In the second mayoral debate, held on June 2, 2021, he scored fifth-highest among all the candidates onstage in the New York Times's opinion article on the event with Marcia Gay writing, "Until recently, McGuire has mostly campaigned in corporate-speak. But when he talked about supporting undocumented immigrants Wednesday night, he sounded like a city mayor. “They’re New Yorkers,” he said. “We need to respect them. We need to treat them with dignity.” He’s getting better at this." Eleanor Randolph wrote "Finally displayed some of the fight he must have shown in the back rooms of the corporate world. He even challenged the comptroller, Scott Stringer, about his oversight of the city’s massive pension investments."

Personal life

McGuire's wife, Crystal McCrary McGuire, is a television producer and novelist. She has three children--one with McGuire and two from a previous marriage. McGuire has two step-children, including Cole Anthony, a National Basketball Association (NBA) player for the Orlando Magic and the son of Greg Anthony.

References

  1. "Raymond J. McGuire's Biography". The HistoryMakers. Retrieved October 16, 2020.
  2. "Wall Street executive Ray McGuire joins NYC mayor's race". AP NEWS. October 15, 2020. Retrieved October 16, 2020.
  3. Mays, Jeffery C. (October 15, 2020). "Ray McGuire, Wall Street Executive, Enters N.Y.C. Mayor's Race". The New York Times. ISSN 0362-4331. Retrieved October 16, 2020.
  4. Park, Sumner (September 30, 2020). "Citibank's Ray McGuire to run for NYC mayor". FOXBusiness.
  5. "Five things to know about Ray McGuire". City & State NY. October 21, 2020.
  6. "Citigroup Executives Mark Mason and Raymond McGuire Named to Black Enterprise's "100 Most Powerful Executives in Corporate America" List". www.citigroup.com.
  7. "Top Citi executive resigns to run for mayor". Crain's New York Business. October 15, 2020.
  8. Sorkin, Andrew Ross (June 10, 2005). "Panache on Wall Street (Published 2005)". The New York Times. ISSN 0362-4331. Retrieved October 16, 2020.
  9. "Citigroup exec may announce mayoral run this week". www.radio.com. September 27, 2020. Retrieved October 16, 2020.
  10. "Raymond J. McGuire - Recent Speakers - The Economic Club of New York". www.econclubny.org. Retrieved October 16, 2020.
  11. Durón, Maximilíano (October 15, 2020). "Raymond J. McGuire, Top Art Collector, Announces Run for New York City Mayor". ARTnews.com. Retrieved October 16, 2020.
  12. "Former Clinton Treasury Secretary Turned Obama Adviser Was Paid Tens of Millions by Bailed-Out Citigroup". CNSNews.com. November 24, 2008. Retrieved October 16, 2020.
  13. "Obama Said to Cinsider McGuire and Kramer for Treasury". Bloomberg.com. Retrieved October 16, 2020.
  14. Schwartz, Brian (September 29, 2020). "Citigroup executive Ray McGuire seeks Wall Street leaders' support for likely NYC mayoral run". CNBC. Retrieved October 16, 2020.
  15. Rosa, Amanda (October 16, 2020). "Could Ray McGuire Be N.Y.C.'s 2nd Black Mayor?". The New York Times. ISSN 0362-4331. Retrieved October 16, 2020.
  16. Castronuovo, Celine (October 16, 2020). "Jacobin Editor-at-Large: Valerie Jarrett's support for Citigroup executive's mayoral campaign 'microcosm' of Democrats' relationship with Wall Street". TheHill. Retrieved October 16, 2020.
  17. "Will New York Go for Another Wall Streeter as Mayor?". The New York Times. October 16, 2020. ISSN 0362-4331. Retrieved October 16, 2020.
  18. "Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says". NPR.org. Retrieved October 16, 2020.
  19. Schwartz, Brian (January 14, 2020). "Citigroup executive Ray McGuire, a political moderate, considers running for mayor of New York". CNBC. Retrieved October 16, 2020.
  20. Goldenberg, Sally; Anuta, Joe. "Citigroup exec Ray McGuire jumps into NYC mayor's race". Politico PRO. Retrieved October 16, 2020.
  21. "Top Citi Banker Ray McGuire Leaves to Pursue NYC Mayoral Run". Bloomberg.com. October 15, 2020. Retrieved October 16, 2020.
  22. Cohan, William D. ""I Could Easily Be George Floyd": Wall Street's Senior Black Banker Talks About Biggie and the Hope of BLM". Vanity Fair. Retrieved October 16, 2020.
  23. Mays, Jeffrey (January 13, 2021). "Wall Street Favorite Raises $5 Million in Race for New York Mayor". The New York Times. Retrieved January 13, 2021.
  24. Samar Khurshid (January 18, 2021). "Major Financial Disparities in City's Large Mayoral Field". City Limits.
  25. Mihir Zaveri, Mihir (May 11, 2021). "It's a Home in Brooklyn. What Could It Cost? $100,000?". New York Times. Retrieved May 12, 2021.
  26. "'You Can't Run From the City … if You Want to Run the City': Winners and Losers of New York's Second Mayoral Debate". The New York Times. June 2, 2021.
  27. https://therealdeal.com/national/2021/01/14/the-closing-ray-mcguire/
  28. Dauster, Rob (November 6, 2019). "Rising Son: Cole Anthony remains grounded as he follows his father's footsteps". College Basketball | NBC Sports. Retrieved October 16, 2020.
  29. Schultz, Abby. "Collecting Pioneer". www.barrons.com. Retrieved October 16, 2020.

Bibliography

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