Boston Mayor’s Blowout Victory Jolts CEOs Seeking New Direction

Oct. 1, 2025, 12:00 PM UTC

Boston Mayor Michelle Wu is coasting to reelection after her main opponent quit the race, giving her a commanding mandate that’s putting city business leaders on edge.

The progressive Democrat defeated Josh Kraft by a wide margin in September’s preliminary contest, despite a record fundraising haul for the challenger. While Kraft received some big checks from out-of-town friends of his billionaire father, New England Patriots owner Robert Kraft, most of the more than $10 million raised by the campaign and his super political action committee came from executives and others in the Boston area.

His donors lost that bet. ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.