Kathryn Wylde
NationalityAmerican
OccupationBusinesswomen

Kathryn Wylde is an American executive who has been the President and CEO of the Partnership for New York since 2011.

In a late 2020 interview, she billed herself as "The lone defender of the billionaires at this point".[1] Indeed, the group's latest available IRS filings in Pro Publica show that Wylde is a highly remunerated executive in the city and took in over $1.1 million in 2018.[2] This would make her one of the highest paid non-profit executives in the State of New York.

Biography

Prior to becoming the leader of the Partnership, Wylde was the founding CEO of both the Partnership's housing and investment fund affiliates. She serves on a number of boards and advisory groups, such as the New York City Economic Development Corporation, the Fund for Public Schools, the conservative Manhattan Institute, Sponsors for Educational Opportunity, and the Governor's NYC Regional Economic Development Council.[3] Wylde has also served as director of the Federal Reserve Bank of New York.[4] In 2018, City and State magazine considered her to be the third most important person in New York City and State, after Michael Bloomberg and Stephen M. Ross.[5] Crains New York Business listed her among the 50 most powerful women in New York City in 2017.[6] Her Sunday routine was profiled in 2011 by The New York Times.[7]

Views

According to The New York Times Wylde was among a number of prominent New Yorkers (and one of the primary movers) authoring a follow-up letter to Amazon, asking it to reconsider its decision to not build Amazon HQ2 in New York City. Her group also paid for a follow-up ad in the Times.[8] She felt that the handling of the Amazon HQ2 situation had tarnished NYC's reputation as a place to do business.[9]

In reference to New York City's proposed ‘Pied-à-Terre’ Tax on Multimillion-Dollar Second Homes, Wylde has indicated that she does not think the proposed tax will be well received by the business community, suggesting that such a tax — combined with the recent tax code change that capped the amount of local income taxes that can be deducted on federal income taxes — might push the wealthy to reconsider living in NYC.[10] In response to Mayor Bill de Blasio announcement of a new paid vacation day requirement, Wylde commented: “The New York business community got no heads-up on this ‘national first’ announcement, so apparently we are not the audience being addressed, although local entrepreneurs will certainly be the victims”[11]

More recently in March 2021, the Partnership wrote to currently embattled Governor Cuomo against taxing the wealthy. They wrote, "ultimately, these new taxes may trigger a major loss of economic activity and revenues as companies are pressured to relocate operations", repeating unverifiable theme as the public and legislature has increased pressure to raise taxes on the wealthy. Recent Quinnipiac poll finds that three out of five New Yorkers supporting taxing the wealthy, especially as the wealthy have enhanced their balance sheets during COVID-19 [12]

References

  1. ↑ Freedlander, David. "On Behalf of the Plutocrats".
  2. ↑ Pro Publica. "Form 990-O for period ending December 2018". Pro Publica.
  3. ↑ "Partnership for New York City". pfnyc.org. Retrieved 2019-03-19.
  4. ↑ News, Bloomberg (2009-07-27). "New York Fed Names Kathryn Wylde as a Director". The New York Times. ISSN 0362-4331. Retrieved 2019-03-19. {{cite news}}: |last= has generic name (help)
  5. ↑ a_tu (2018-11-15). "The 2018 Manhattan Power 50". CSNY. Retrieved 2019-03-19.
  6. ↑ "Most Powerful Women 2017". Crain's New York Business. 25 June 2017. Retrieved 2019-03-19.
  7. ↑ Gootman, Elissa (2011-02-18). "Kathryn S. Wylde's Sunday Routine - Avoid Manhattan". The New York Times. ISSN 0362-4331. Retrieved 2019-03-19.
  8. ↑ Goodman, J. David (2019-03-01). "After Cuomo's Calls to Amazon, a Flurry of Conversations to Rally Support". The New York Times. ISSN 0362-4331. Retrieved 2019-03-19.
  9. ↑ Fox, Michelle (2019-02-15). "New York's image is tarnished after Amazon exit, says business group". www.cnbc.com. Retrieved 2019-03-19.
  10. ↑ Mays, Jeffery C.; McKinley, Jesse (2019-03-11). "Lawmakers Support 'Pied-à-Terre' Tax on Multimillion-Dollar Second Homes". The New York Times. ISSN 0362-4331. Retrieved 2019-03-19.
  11. ↑ Goodman, J. David; Mays, Jeffery C. (2019-01-09). "Paid Vacation to Be Required for Private Sector Workers, Mayor Says". The New York Times. ISSN 0362-4331. Retrieved 2019-03-19.
  12. ↑ (PDF) https://poll.qu.edu/images/polling/ny/ny03182021_nktj17.pdf. {{cite news}}: Missing or empty |title= (help)
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