PanamaTimes

Tuesday, Oct 21, 2025

Lightfoot’s mayoral loss follows corporate exodus from Chicago led by Boeing, Citadel, Tyson Foods

Lightfoot’s mayoral loss follows corporate exodus from Chicago led by Boeing, Citadel, Tyson Foods

McDonald's CEO was vocal about impact of crime on businesses in city

Chicago Mayor Lori Lightfoot became the first mayor of the Windy City to lose reelection in 40 years when she was defeated in Tuesday’s primary, and an exodus of major corporations from the Chicago area preceded her electoral defeat amid surging crime.

Lightfoot was elected mayor in 2019, and her tenure grew controversial as crime rose during the pandemic. In 2021, murders in Chicago reached their highest level in 25 years, outpacing other crime-ridden cities like New York City and Los Angeles.

While homicides ebbed last year, other crimes continued to rise. Lightfoot sparred with the city’s law enforcement over a variety of issues and her failure to address the increase in violent crime prompted many corporations to relocate their headquarters out of the Chicago area.

Chicago Mayor Lori Lightfoot became the city's first mayor in 40 years to lose reelection following a rise in crime that spurred an exodus of major corporations from the Windy City.


Boeing became the first major corporation to head for the exits when it announced in May 2022 that it would move its global headquarters from Chicago, where it had been located since 2001, and establish a new headquarters for its defense, space and security operations in Arlington, Virginia.

Caterpillar followed suit a month later, announcing it would move its global headquarters from the Chicago suburb of Deerfield, Illinois, to Irving, Texas.

Billionaire Ken Griffin announced last June that he would move his hedge fund, Citadel, from Chicago to Miami. Rising crime rates in Chicago reportedly played a role in Griffin’s decision. Griffin’s letter announcing the move said that while the city "will continue to be important to the future of Citadel," he noted, "Over the past year, however, many of our Chicago teams have asked to relocate to Miami, New York and our other offices around the world."

Police officers detain a man who was found inside a Best Buy store after parts of the city saw widespread looting and vandalism, Aug. 10, 2020, in Chicago.


In April 2022, two months before he announced the move, Griffin told the Wall Street Journal, "I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from."

Last September, McDonald’s CEO Chris Kempczinski said the fast food giant was facing challenges in recruiting top talent to work in its headquarters in Chicago despite relocating some workers from the suburb of Romeoville into the city.

Griffin told WSJ: "I’ve had multiple colleagues mugged at gunpoint. I’ve had a colleague stabbed on the way to work. Countless issues of burglary. I mean, that’s a really difficult backdrop with which to draw talent to your city from."


He said that it was time to "face facts" about the impact of crime on the city’s economy and noted, "The fact is that there are fewer large companies headquartered in Chicago this year than last year. There are fewer this month than last month."

Lightfoot fired back, "I think what would have been helpful is for the McDonald’s CEO to educate himself before he spoke."


The list of companies leaving Chicago grew further in October 2022 when Tyson Foods announced that it would move all of its corporate teams to its headquarters in Springdale, Arkansas. Tyson gained its Chicago facility when it acquired Jimmy Dean sausage maker Hillshire Brands in 2014 and used the location to run its prepared foods business.

Chicago will hold a runoff election for mayor on April 4. Voters will choose between former Chicago Public Schools CEO Paul Vallas and Cook County Commissioner Brandon Johnson.

Comments

Oh ya 3 year ago
Ah the thing from Beetlejuice lost its job

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Trump Accuses Colombia’s President of Drug-Leadership and Announces End to US Aid
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
FBI Strikes Deep in Maduro’s Financial Web with Bold Money-Laundering Indictments
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
New World Screwworm Creeps Within Seventy Miles of U.S. Border, Threatening Cattle Sector
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Actor, director, environmentalist Robert Redford dies at 89
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
Could AI Nursing Robots Help Healthcare Staffing Shortages?
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
In a highly politically motivated trial, Brazil’s Supreme Court finds former leader Bolsonaro guilty of plotting coup
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
Trump Responds to Death Rumors – Announces 'Missile City'
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Air Canada Begins Flight Cancellations Ahead of Flight Attendant Lockout
Southwest Airlines Apologizes After 'Accidentally Forgetting' Two Blind Passengers at New Orleans Airport and Faces Criticism Over Poor Service for Passengers with Disabilities
Mexico Extradites 26 Cartel Figures to the United States in Coordinated Security Operation
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Spain Scraps F-35 Jet Deal as Trump Pushes for More NATO Spending
Trump Administration Increases Reward for Arrest of Venezuelan President Maduro to Fifty Million Dollars
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
California Clinic Staff Charged for Interfering with ICE Arrest
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
AI Raises Alarms Over Long-Term Job Security
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
×