Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024.
Citadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence.
"I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York.
Crony capitalism is an economic system marked by close, mutually advantageous relationships between business leaders and government officials.
At the same event, Griffin also said that he's not focused on taking Citadel Securities public in the foreseeable future.
Persons:
Ken Griffin, Donald Trump, Griffin, Trump, he's, We're
Organizations:
Citadel Advisors, Economic, of New, Citadel, Citadel Securities
Locations:
of New York, New York, America, Washington