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CMBS Pioneer Penner Launches CA Gubernatorial Bid, Says State 'Grossly Mismanaged'
Posted
September 17, 2025
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12:45Now PlayingEthan Penner, a trader who helped transform the way commercial properties are financed, has launched a long-shot independent bid to become California’s next governor.
Penner says he’s targeting voters disillusioned with years of Democratic rule, but who aren’t ready to vote Republican. His platform will focus on cutting taxes and regulations, confronting homelessness and improving California’s business climate. Penner joined Bloomberg Businessweek Daily to discuss California tax policy, attracting residents and businesses, working to fix homelessness across the state, and more.
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