Tom Golisano, the billionaire founder and chairman of Paychex, the Rochester-based firm whose market capitalization is valued at more than $25 billion, is open to merger talks with Buffalo-based M&T Bank, whose market capitalization stands around $28 billion, a source familiar with his thinking tells The Chronicle. Golisano is said to be excited about the concept because each firm’s business lines are entirely different but serve … Continue reading Golisano is ‘open’ to M&T Bank merger with Paychex
Governor Andrew Cuomo is making a strong play for Western New York in his third reelection effort, even as former County Executive Joel Giambra and other Western New Yorkers consider gubernatorial bids. That he recently decided to retain Lt. Governor Kathy Hochul as his running mate is telling. Cuomo intends to seek the presidency in 2020; if he’s successful, it would make Hochul the next … Continue reading Cuomo is willing to give Hochul the governorship in 2020
Observers predict that the high profile anti-corruption activist, Joe Mascia, will run for State Senate on the Conservative or Tea Party line, in an effort to thwart the reelection of freshman Republican Senator Chris Jacobs. When Jacobs was County Clerk, he fired Mascia at the behest of the political operative Adam Perry, who enjoyed lucrative legal work from the Buffalo Municipal Housing Authority and was … Continue reading Mascia may run for 60th district seat to thwart Jacobs
The once formidable faction of the Democratic Party led by the fallen political operative G. Steven Pigeon has been essentially neutralized, following a stunning series of indictments on wide ranging public corruption and campaign related charges from state and federal investigators. The faction still lusts for its former influence, and yearns to be relevant in local politics once again. But ego and infighting has neutralized … Continue reading Peter Reese, Pigeon lieutenant, lusts for a leadership role
Former two-term Erie County Executive Joel Giambra is running for Governor of New York with a plan to consolidate county and municipal governments. Giambra has long evangelized regionalism — an issue that has defined his political career. It’s a vision born at the crux of municipal economics and industrial collapse, the two forces that have shaped the broad arc of our region’s brutal 65 year … Continue reading Giambra, a proud moderate, seeks the GOP nomination with a bold plan
New York Governor Andrew Cuomo has finally made it clear that he intends to run for reelection. Last year there had been talk among the Governor’s operatives that a safer play for Cuomo’s ultimate goal — the White House in 2020 — would be to step aside and avoid the spectacle of a public corruption trial during his reelection year. The trial has been delayed, … Continue reading Cuomo’s favorability trails Bharara; will former US Attorney run?
A source close to Democratic Party Headquarters says that Chairman Jeremy Zellner and the Executive Committee are increasingly losing confidence in Senator Tim Kennedy following revelations that Western New York’s only Democrat in the State Senate has taken $5,400 from the nation’s largest opioid dealers. Families of the victims of the opioid epidemic have been asking Kennedy to return the money, but he has refused … Continue reading Democrats tire of Kennedy, after refusal to return opioid money