The Bill Ackman Prescription for New York's Woes Bill Ackman, Pershing Square CEO and longtime Manhattan resident, has delivered a scathing critique of Mayor Zohran Mamdani's rent freeze agenda and New York City's housing policies.
In an interview with Fortune Editor in Chief Alyson Shontell, Ackman laid bare the structural issues contributing to the city's affordability crisis.
Ackman argues that New York's rent stabilization system has created a two tiered market: one where rents are frozen for stabilized apartments and another where landlords must raise rates to compensate.