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Thomas Pritzker, cousin of Illinois governor, steps down as head of Hyatt due to ties with Jeffrey Epstein

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Thomas Pritzker, cousin of Illinois governor, steps down as head of Hyatt due to ties with Jeffrey Epstein


Billionaire Thomas Pritzker will be stepping down as executive chairman of Hyatt Hotels and will not be seeking reelection for the position over his ties to convicted sex offender Jeffrey Epstein, he announced on Monday.

The decision to step down, according to Pritzker, was in order to provide “good stewardship” to help protect the corporation and ensure a “proper transition at the Hyatt.”

“Good stewardship also means protecting Hyatt, particularly in the context of my association with Jeffrey Epstein and Ghislaine Maxwell which I deeply regret. I exercised terrible judgment in maintaining contact with them, and there is no excuse for failing to distance myself sooner. I condemn the actions and the harm caused by Epstein and Maxwell and I feel deep sorrow for the pain they inflicted on their victims,” he said in a statement

Pritzker, who is Illinois Gov. JB Pritzker’s cousin, was one of 100 mentioned in the documents that were released on Jan. 3, 2024. The more than 900 pages of primarily unredacted documents included names mentioned by Virginia Giuffre, one of Epstein’s most prominent accusers.  

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In a deposition, Giuffre accused Thomas Pritzker of serious sexual allegations, naming him as one of several men she was trafficked to have sex with. He continued to deny those allegations. 

Pritzker has served as a member of Hyatt’s Board and as executive chairman since August 2004, and began his senior executive and chairman responsibilities for predecessor entities starting in 1980. 

The corporation announced that Mark S. Hoplamazian was appointed as Hyatt’s president and CEO in Pritzker’s place.  

In a letter to the Hyatt board on Monday, Pritzker wrote in part:

“I am extremely proud of the evolution of Hyatt over the past 25 years. Over that time we have taken Hyatt public, we have transitioned to a purpose driven company, we have adopted agile ways of working, we have gone asset light. We have demonstrated our ability to design and execute strategies. We have also demonstrated resilience in the face of Covid and the ability to move quickly to take advantage of opportunities such as ALG. We have generated very intentional growth not only in our numbers, but more importantly, in our people, culture and ways of working. To have played a role in this was both an honor and one of the great experiences of my life.

But now, inevitably, we are coming to a point where we must face the prospect of succession. This goes to good stewardship. I will be 76 in June. Were I to stand for reelection, I would be committing to another three years as Executive Chairman of a public company. When I look at my care for Hyatt, my respect for good governance and the focus that Margot and I have on our legacy, they all lead me to conclude that what is right for Hyatt and for me is that I retire as Executive Chairman of Hyatt effective immediately and not stand for reelection at our 2026 annual shareholder’s meeting.

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Illinois

GOP Rep. Ryan Spain opposes Illinois redistricting changes

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GOP Rep. Ryan Spain opposes Illinois redistricting changes


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CIProud.com is provided by Nexstar Media Group, Inc., and uses the My Nexstar sign-in, which works across our media network.

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‘Millionaires tax’ would hike rate 61% on 22K Illinois small businesses

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‘Millionaires tax’ would hike rate 61% on 22K Illinois small businesses



Combined state and federal taxes would take more than 50% of the top-end income for 22,000 Illinois small businesses.

Proposals in the Illinois General Assembly could slam massive tax hikes onto small businesses, the state’s primary job creator historically and in the recovery from the COVID-19 downturn.

One measure would punish 22,020 Illinois small businesses with a huge increase in their marginal state income tax rate and create a top tax rate of nearly 50.3% for them, once all state and federal income taxes are factored in.

S-corporations and partnerships, which “pass-through” their business income to their owners, who pay taxes as individuals, would see their top marginal state income tax rate jump from 4.95% to 7.95%, a 61% hike.

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That would happen because the legislation, House Joint Resolution Constitutional Amendment 21, adds a 3% income tax on income above $1 million. It is scheduled for a hearing April 23 at which it could pass out of committee and go to a potential full House vote.

Research has shown that an increase in the top marginal tax rate is associated with a decrease in entrepreneurs’ hiring activity and lower wages for their employees.

Illinois has one of the highest unemployment rates in the nation and among the slowest wage growth. These are exacerbated by some of the highest state and local tax burdens in the nation, including the second-highest property taxes and eighth-highest sales taxes.

In 2017 Illinois residents endured the largest permanent income tax hike in state history, when lawmakers increased the rate by 32%, from 3.75% to 4.95%.

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Illinois already pushes out more businesses than virtually any other state. The “millionaire’s tax” could make the situation even worse. Illinoisans should reject this call for higher taxes on the state’s vital small business community.

Contact your state representative to stop the small business tax hike here.





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Illinois teen stabbing case returns to court this week

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Illinois teen stabbing case returns to court this week


A Sycamore mother said she is still waiting for justice more than two years after her teenage son was stabbed to death. 

The case is back in court this week, where a judge will consider a key request that could change how the case moves forward.

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What we know:

A mother said her son’s life was cut short during a confrontation that turned deadly.

Heather Gerken said her 17-year-old son, Kaleb McCall, was stabbed during an incident in September 2023. She said Kaleb agreed to meet another teen for what he believed would be a fist fight while sticking up for a friend.

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According to Gerken, the other teen, who was 15 at the time, pulled a knife and stabbed Kaleb in the chest. Kaleb later died from his injuries.

Gerken said a jury later found that teen guilty of second-degree murder after the defense argued he acted in self-defense.

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Dig deeper:

The case is not over.

Gerken says the defendant’s attorneys are now trying to move the case out of adult court and into juvenile court. That decision could impact how the teen is ultimately sentenced.

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What they’re saying:

Gerken said the legal process has been long and frustrating.

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She said the case has stretched on for more than two and a half years and that ongoing court proceedings have made it difficult for her to grieve her son.

“He was everybody’s big brother,” Gerken said. “He had the biggest smile and the sweetest personality. He enjoyed fishing and being outside, and he was the best gift giver. He always got me flowers for every little holiday. Just a very thoughtful boy.”

Gerken also said the possibility of the case moving to juvenile court is especially upsetting, as she continues to push for what she believes is justice for her son.

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“I don’t want anybody else’s child to die the way that my son died,” Gerken said. “Caleb is my whole world. I gave birth to him at 17 and he changed my life completely. He made me a better person. He taught me what real love truly is…And I just miss him so much more every day. And just knowing that he died the way he did. It makes me sick.”

What’s next:

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The case returns to court Thursday morning.

A judge is expected to determine whether the case remains in adult court or is moved to juvenile court, a decision that could shape what happens next in the case.

The Source: The information in this article was reported by FOX Chicago’s Lauren Scafidi.

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