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GreekReporter.comUSANY Times Endorses Greek - American Harry Wilson for State Controller‎

NY Times Endorses Greek – American Harry Wilson for State Controller‎

The New York Times has endorsed Greek American Harry Wilson in the upcoming election for New York State Controller.
The New York Times says it’s endorsing Republican Harry Wilson for State Controller over incumbent Democrat Tom DiNapoli.
The Times called DiNapoli a worthy caretaker who stepped into the role four years ago to replace disgraced comptroller Alan Hevesi.
DiNapoli wasn’t elected but rather picked by fellow Democrats in the State Legislature.
The Times says in this election, New Yorkers have a: “chance to choose someone who knows finance and is not beholden to the Democrats in control in Albany. That person is the Republican candidate, Harry Wilson, who helped turn around General Motors last year.”
The paper adds, “It is rare for someone of Mr. Wilson’s talents and expertise to compete for one of the most important and least glamorous jobs in state politics.”
Wilson has promised to strengthen ethics rules and make better audits of state agencies.
He has also pledged to reduce investment fees paid for the state’s pension fund.

By his late 30s, Harry Wilson who is the son of a bartender and a Greek seamstress from upstate New York’s rust belt, made his fortune as a hedge fund manager and didn’t have to work anymore.
But after leaving Silver Point Capital in 2008, the Republican wrote a letter to Democratic President Barack Obama offering to help restructure the failing U.S. auto industry. The administration brought him on board and Wilson says that besides his family, he’s most proud of his work last year on the General Motors turnaround. Instead of folding it became a smaller company, with fewer workers, factories and products, and was paying lower wages to new hires. It emerged from bankruptcy in 40 days and posted two consecutive quarterly profits this year.
Now the Johnstown native with aHarvard MBA wants to do the same for New York, with its own financial crisis. He’s running for a four-year term as controller, the state’s chief financial officer, who with a staff of 2,500 reviews state contracts, audits state and local governments and manages the roughly $130 billion pension fund for public workers.
Wilson grew up in Johnstown, 38 miles northwest of Albany. He went to public schools, attended Harvard and was the first in his family to graduate from college. He worked four years in investment banking, receieved a master’s degree, and then worked for a decade at the private investment firms Blackstone Group and Silver Point.

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