The Real Deal New York

Power beyond money

October 11, 2012 10:15AM
By Stuart Elliott

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From the October issue:

Money is power. Businesspeople, including those in New York real estate, are typically motivated by money. And while money does impact the outcome of political races, generally speaking, politicians seek a different sort of power. They seek the adoration of the crowd and the ability to make the decisions that affect all of us. While many of them, like Mitt Romney or Michael Bloomberg, are outrageously wealthy when they enter politics and others end up becoming wealthy as a result of their high political profiles, they are typically less motivated by amassing personal wealth. The proof? Their own real estate. [more]

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