Thursday, July 22, 2010

Connecticut out to poach NY's hedge-funders

The New York Post reports:
Nutmeg State officials are dramatically stepping up their efforts to poach New York businesses -- wooing hedge-fund honchos to relocate by promising an "intimate" meeting with Connecticut Gov. Jodi Rell at a swanky steakhouse in Darien, according to a letter obtained by The Post.

Rell wrote to Timothy Selby, president of the New York Hedge Fund Roundtable, last Friday warning him that a proposed $50 million tax on certain hedge-fund managers is still alive in Albany -- and that's a great reason to move their businesses and jobs to her side of the border.

"I am personally inviting you and a few of your colleagues to meet with me," Rell wrote, adding, "We have much to discuss!"

"The meeting will be intimate, direct and private," she confided.

For a greater understanding of the "Going Galt" concept, Dr. Helen Smith explains.