Tuesday, August 2, 2022

Progressive policies and the decline of San Francisco

Prologis CEO Hamid Moghadam was mugged outside his $15 million home in San Francisco last month.

Owned by the Vanguard Group and BlackRock, Prologis is the largest industrial real estate firm in the world.

Moghadam spoke to the San Francisco Business Times about the incident and explained that he had been attacked at gunpoint by two men in Pacific Heights. He stated that the altercation lasted approximately 30 seconds.

"They were attacking me. It happened so fast that I didn't have time to get scared," Moghadam explained. During the attack, he fell and injured his back and knee. 

Moghadam said that his wife is still having nightmares about the attack.

The two muggers stole Moghadam's Patek Philippe watch. The watch brand sells its pieces for anywhere from $12,000 to $2 million. 

Fed up with San Francisco's soft-on-crime policies, the millionaire wrote to Mayor Breed, Governor Gavin Newsom, and the city's Board of Supervisors, requesting that they crack down on the soaring crime levels.

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