Schooling in the Ownership Society: Revolving door from Rahm's City Hall to hedge-funder's office keeps turning

Schooling in the Ownership Society: Revolving door from Rahm's City Hall to hedge-funder's office keeps turning:

Revolving door from Rahm's City Hall to hedge-funder's office keeps turning

Matt Hynes

I reported last month about Rahm's machine bagman Matt Hynes jumping ship to go spend "more time with his family." Remember Hynes, the son of former longtime Cook County Assessor, ward boss (19th) and big-time lobbyist Tom Hynes and brother of former state ComptrollerDan Hynes, was the guy who first put the great pension heist idea in Rahm's ear and got SEIU leaders to buy into it.

Now we know who Hynes meant by his "family".

Crain's reports:

Mayor Rahm Emanuel's departing chief lobbyist has a new gig and, metaphorically, it isn't far from City Hall. Matt Hynes, who last month announced his departure as the the mayor's director of legislative counsel and government affairs, will be joining Grosvenor Capital Management L.P., the firm run by Emanuel confident and kitchen-cabinet member Michael Sacks.

Sacks is one of the biggest money-bags patrons feeding Emanuel's campaign trough. He was part of the Emanuel team that negotiate City Council's parking meter deal with operator Chicago Parking Meters LLC. Former mayor Daley now works for that firm. Sacks reportedly talks with Rahm several times daily.

Ald. Bob Fioretti, 2nd, one of Rahm's potential opponents in next year's race, voted “no” on the meter deal and says unpaid mayoral advisers are one thing. “It's another thing when you have them as active participants in a government function,” he says. “We want government-business partnerships, but not these types.”

Sacks is a big promoter of charter schools and serves as a mayoral adviser on the Schooling in the Ownership Society: Revolving door from Rahm's City Hall to hedge-funder's office keeps turning: