Bloomberg Law: “Citadel is shrinking its footprint in Chicago three years after billionaire owner Ken Griffin left for Florida, moving the company’s remaining operations in the city out of the downtown tower that was named for it, according to people familiar with the matter.”

Citadel isn’t the only company to leave the Chicago area in recent years. Boeing Co. and Caterpillar Inc. moved their headquarters elsewhere, and Tyson Foods Inc. shut its local offices. But Griffin’s decision to move most of his operations was by far the most high-profile exit, taking away some of the most highly paid jobs in finance and millions in philanthropy.

The job market is also feeling the pinch. The number of finance roles in Illinois as a whole is down 2.7% since Griffin left to 397,000 in September, according to data from the state’s Department of Employment Security. 

Additional commentary:

Bloomberg Law: Chicago Mayor Decides Against Budget Veto, Though Will Not Sign

TaxProf Blog: Chicago Payroll Tax Draws Opposition From City’s Business Heads