Larry Robbins, billionaire CEO of Glenview Capital Management, has decided to move to Florida while keeping his firm’s base in New York. Unlike many financial leaders who relocate entirely, Robbins is balancing his family’s needs with his commitment to New York’s financial sector. During a Bloomberg interview, he expressed concern about New York’s future, criticizing policies that drive high earners away and pose long-term challenges for the city.
Robbins emphasized that Glenview Capital, which manages $2.3 billion and recently reported a 16.6% gain, will maintain its operations and its 53 employees in New York, while he and his family look for a better family lifestyle in Florida.
Robbins is also contributing to community development in his new state through a $40 million ice hockey facility project with the Palm Beach North Athletic Foundation. This initiative aims to boost local sports education and interest in ice hockey.
This relocation is part of a larger trend of financial executives moving to Florida, a state seeing a significant increase in corporate relocations. Florida’s rise, along with Texas and Arizona, contrasts with New York, Washington, and California, where companies are increasingly moving out, reflecting a shift towards states viewed as more business-friendly.