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TOP STORIES NEXT WEEK 100 Most Influential Knicks drop ball by Women in NYC allowing Thomas Business harassment case to go to trial PAGE 2 ® Troopergate scandal ebbs, but state’s Democrats VOL. XXIII, NO. 39 WWW.NEWYORKBUSINESS.COM SEPTEMBER 24-30, 2007 PRICE: $3.00 remain at odds PAGE 3 Lockout Biographer pitches book on baseball looms on great Willie Mays NEW YORK, NEW YORK, P. 6 B’way as The secret behind the stability of the talks stall Bloomberg team; will it last? Deadline is GREG DAVID, PAGE 13 Sept. 30; will the mayor intervene?

BY MIRIAM KREININ SOUCCAR DANIEL GROSS of Brandworkers the great white way could go International, which dark next week if a labor agreement put together protests isn’t reached between Broadway against Wild Edibles. producers and the people who

larry ford work behind the curtains. SPECIAL REPORT LABOR STRUGGLE The League of American The- ACCOUNTING atres and Producers set a deadline Recruiting war on of Sept. 30 to resolve its contract college campuses; top talks with Local One of the Inter- 25 firms list PAGE 17 national Alliance of Theatrical Restaurant firestorm Stage Employees. Sources say pro- ducers are threatening a lockout— in which management closes down protestors raised an unappetizing improving conditions for low- a show—if the union doesn’t ac- Groups emerge issue—allegedly illegal working paid—largely immigrant—restau- cept its final offer at that time. to organize workers; conditions at the company that rant and food-service workers in The two groups have been ne- provides the meatpacking-district the city. Spearheading these cam- gotiating sporadically since their established unions eaterie’s seafood, a company called paigns is a new wave of worker ad- three-year agreement expired in Wild Edibles. vocacy groups. July. The talks have been especial- join in the effort Later that day, the campaign They include Brandworkers ly contentious because the league BUSINESS LIVES culminated with the filing of a law- International, the outfit that put wants to eliminate a number of ASPERGER’S BY LISA FICKENSCHER suit in federal court claiming that together last week’s protests. It is long-standing work rules that ON THE JOB Wild Edibles does not pay staffers led by Daniel Gross, who first would reduce stagehands’ hours at Some workers overcome customers of the popular French overtime and illegally sacked sev- achieved notoriety three years ago a time Broadway is breaking box- a disability PAGE 45 bistro Pastis got more than they eral of them for union activities. when he began organizing Star- office records. bargained for early last week. Out- Those actions are part of a re- bucks baristas. Another is Restau- The league says the work re- side, 20 chanting, sign-waving cent explosion of efforts aimed at See NEW YORK on Page 8 See LOCKOUT on Page 7 AT DEADLINE MACY’S INC. IS EXPANDING IN 1440 BROADWAY, on the New ER procedure: bilking insurers? northeast corner of West 40th Street, by leasing the entire 13th floor—roughly 36,000 square feet.The retailer Health plans say docs take unfair advantage already leases the sixth and of law guaranteeing emergency coverage seventh floors. Including the new space, Macy’s is renting He also works hours in the 105,000 square feet in the BY GALE SCOTT rough-and-tumble world of the building, which has an average hospital’s emergency room, an un- rent of $57 a square foot, lenox hill hospital plastic sur- pleasant duty made more tolerable according to Craig Panzirer of geon Scot Glasberg has a thriving by the opportunity to treat patients building owner Monday private practice on Park Avenue whose health plans will pay above Properties.The lease expires in and a leadership role with the what he normally gets. See AT DEADLINE on Page 2 American Society of Plastic Sur- Though Dr. Glasberg says his geons. bills are reasonable, health insurers say that many physicians are taking unfair advantage of a state law 39

5 guaranteeing that patients’ emer- gency care costs will be covered,re- gardless of whether the doctor is in ELECTRONIC EDITION a plan’s network. As a result, insur-

ers often pay non-network doctors buck ennis far higher fees for emergency sur- DR. SCOT GLASBERG of Lenox Hill Hospital says there’s nothing wrong with nonparticipating NEWSPAPER See INSURERS on Page 10 doctors billing health plans more, because most insurers pay doctors so little. 71486 01068 0 CNYB 09-24-07 A 2 9/21/2007 8:15 PM Page 1

AT DEADLINE Continued from Page 1 Co. to handle all food service at Knicks commit foul 10 years. the center. Formerly known as the Museum of Television and THE HALF A PERCENTAGE POINT Radio, the center is in the midst CUT IN SHORT-TERM interest rates of a capital campaign to raise by the Federal Reserve last week $20 million. It does not by going to trial is expected to help earnings at currently provide regular food New York City banks and service. thrifts. Community banks and thrifts, which rely more on PACE UNIVERSITY OPENED A 500- Experts dumbfounded by interest rates than fees, have STUDENT RESIDENCE HALL in been hurt most by high short- lower Manhattan last week. decision not to settle; some term rates for deposits without Pace, in partnership with private corresponding rates for dorm contractor Educational mortgages and other longer- Housing Services, leased the see Dolan’s ego at work term loans. Institutions that newly renovated building on 55 were most squeezed in the John St. to help students who BY HILARY POTKEWITZ second quarter—and therefore have internships and jobs may stand to benefit by the downtown. With the new regardless of the outcome of the sexual short-term rate cut—include residence, the number of Pace Astoria Federal, which had a net students living downtown totals harassment case against Isiah Thomas and interest margin of 1.6%; Dime more than 1,200. the New York Knicks, the team dropped Community, 2.3%; and New the ball by not settling the case before it York Community Bank, 2.4%. STRAWBERRYFROG, A went to trial. MANHATTAN BOUTIQUE ad Home MAGAZINE, HACHETTE agency, has expanded into South Experts on sexual harassment say the FILIPACCHI MEDIA’S No. 3 America, opening an office in Knicks should have known that the team shelter title, has a new editor in São Paulo, Brazil, with a dozen would become fodder for the tabloid chief. Olivia staffers.The firm, which is eight Monjo, editor years old and bills about stories that have tarnished the in chief of $300 million annually, also reputations—some believe rightfully—of Woman’s Day has offices in Amsterdam players, coaches and executives. Special and Tokyo. Some observers believe the Knicks felt Interest Publications, US AIRWAYS CANCELED 14 the plaintiff, Anucha Browne-Sanders, will also SHUTTLE FLIGHTS at was holding out for too much money and so take on that La Guardia Airport on chose to take their chances. role at Friday after pilots staged a job “It is beyond shocking to me that this even Home. action and called in sick. The Donna Sapolin, sick-out was part of a larger went to trial,” says Margarita Ramos, principal Home’s longtime editor in chief, protest that affected 30 US of Human Capital Consulting, a legal and will devote herself to Hachette’s Airways flights throughout the human resources consulting firm. Most new shelter portal, Northeast. More than 100 Pointclickhome.com, as its pilots failed to report for work. companies and organizations “would never executive editor.The site will At La Guardia, up to 1,600 even go near the idea” of a trial, she says. launch later in the fall. passengers were affected by the Ms. Browne-Sanders claims that Mr. canceled flights. A US Airways Thomas, the Knicks coach and president of THE PALEY CENTER FOR MEDIA IS spokeswoman pointed out that HE SHOOTS, MISSES: CONSIDERING BUILDING a café at all of the passengers were basketball operations, subjected her to The team’s case wasn’t its 25 W. 52nd St. location and transferred to Delta Air Lines inappropriate and degrading behavior and helped by Isiah Thomas’ I recital of how and when has hired catering firm Chef & flights. unwanted sexual advances, and that she was to aim abusive language at women.

fired for filing a sexual harassment lawsuit. s

e g During the trial, the Knicks have been a

m

i

y THIS WEEK IN CRAIN’S portrayed as grossly insensitive to women, t t

e See KNICKS FAULTED on Page 8 g IN THE MARKETS ------4

GREG DAVID ------13

THE INSIDER------14

WEEK IN REVIEW ------16

ACCOUNTING REPORT ------17

SMALL BUSINESS ------28 Jason Binn Janine DiGioacchino Mark Gordon Wendy Cai 47 REAL ESTATE DEALS------32 NEIGHBORHOOD ONLINE NOMINATIONS JOURNAL------35 CRAIN’S SEEKS NEW YORK’S RISING STARS; THE WEEKS AHEAD ------36

CLASSIFIEDS ------41 READERS TO HELP SELECT ‘40 UNDER 40’

BUSINESS LIVES------45 THE NOMINATION PROCESS for Crain’s New York Business’ Visitors to the site will find an online nomination form, popular “40 Under 40” feature is beginning. Starting answers to frequently asked questions, and articles on CORPORATE LADDER------47 Tuesday, readers can visit www.NewYorkBusiness.com past winners along with photos of each honoree, including 50 EXECUTIVE MOVES------48 to nominate candidates who they believe deserve to be the 2007 rising stars shown above. BOB LAPE ------50 honored in the special section, which has been published Every year, Crain’s editors and reporters make their for 19 years. best efforts to choose a diverse group of people who vol. xxiii, no. 39, september 24, 2007—Crain’s New York Business (issn 8756-789x) is pub- lished weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Period- Crain’s seeks New York-based businesspeople under distinguish themselves with outstanding accomplish- icals postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address 40 who are doing extraordinary work in their fields. The ments as judged against industry standards. We invite changes to: Crain’s New York Business, Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111. Fax (313) 446-6777.$3.00 a deadline for nominations is Wednesday, Oct. 31. The next readers to be a part of that process by nominating their copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents “40 Under 40’’ feature will be published in March 2008. candidates today. copyright 2007 by Crain Communications Inc. All rights reserved.

2 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 3 9/21/2007 7:16 PM Page 1

Al Gore’s Democratic divide firm seeks “You have Dem- Troopergate, tactics ocrats who have fu- pressure governor’s ture ambitions vy- NY offices ing with each already-frayed other,” explains po- New site must be relationships litical consultant George Arzt. “In energy-efficient, politics, personal environment-friendly BY ANNE MICHAUD ambitions always trump party.” even though the Albany County Only a year ago, BY THERESA AGOVINO district attorney cleared Gov. Eliot however, few peo- Spitzer’s staff of wrongdoing last ple were willing to former vice president Al Gore’s week, the scandal that became cross Mr. Spitzer. investment firm is looking for office known as Troopergate opened up He reigned at the space in New York City. fissures among leading New York head of the party, Not surprisingly, there are some Democrats that don’t promise to be cruising to a land- considerations that go beyond the mended any time soon. slide victory in the rental rate. Generation Investment Manhattan congressional Reps. gubernatorial race Management insists that the space Carolyn Maloney and Jerrold and attracting spec- must meet standards for energy effi- Nadler called on state Senate Re- ulation that he ciency and environmental friendli- publicans to back down from their would become ness set by the U.S. Green Building investigation and leave the probes America’s first Jew- Council,according to Sally Wilson of bloomberg news ap images to professionals, but most other ish president. Mr. NO BURIED HATCHETS: Sen. Charles Schumer (left) has problems with the governor that go back awhile. Assembly CB Richard Ellis Inc., which is con- Democrats said nothing about the Spitzer won the Speaker Sheldon Silver appears content to use the governor’s troubles to enhance his own position. ducting the search. Last month, Ms. matter. election with 69% Wilson was named CBRE’s global Sen. Chuck Schumer, normally of the popular vote. director of environmental strategy. on the party’s front lines, will not Last week, Mr. Spitzer’s ap- information about Republican tics, if you ask for something, you Mr.Gore brought environmental publicly support a governor whose proval rating had dropped to 56% Senate Majority Leader Joseph owe something. issues to the forefront with his doc- mindset is so different from his from a high of 75%, according to Bruno. umentary and book, both called An own, says a Democrat who is close the Siena Research Institute poll. Troopergate has also spotlight- Talk amongst yourselves Inconvenient Truth, about the perils to both men. He says that Mr. Nearly six in 10 New Yorkers told ed the strained relationship be- for example, the executive office of global warming. He spoke about Schumer believes Mr. Spitzer acts pollsters that they didn’t think the tween Mr. Spitzer and Assembly announced that it would begin put- on impulse rather than following a governor was telling the full truth Speaker Sheldon Silver. ting together a budget framework carefully considered strategy. about what he knew in the Troop- The speaker has stayed out of the for discussion in October, a process “It leaves Chuck shaking his ergate scandal and that he ought to fray, remaining a conduit between that typically involves Assembly head,” the Democrat says. “Your testify publicly under oath. the governor’s and Mr. Bruno’s of- and Senate staffs. temper should not cut off your op- fices, which are not communicating But insiders say that the gover- tions when you’re governor. Eliot Hollow victory? directly. People close to the speaker nor’s people are talking only among yells and then has to backtrack and how far District Attorney David suggest that taking that position themselves. say his yelling is part of the public Soares’ decision will go toward dis- helps Mr. Silver pass more of his “Spitzer is fighting for his abili- discourse.” pelling that opinion is difficult to budget and legislative agenda. ty to be a governor who accom- Of course, Mr. Schumer also forecast. “It’s what’s in the Assembly’s plishes something,” but insiders are passed up running for governor Mr. Soares, a Democrat, found best interest,” one observer says. highly critical of his tactics, one against Mr. Spitzer after party eld- that neither Mr. Spitzer nor his ad- At the same time,it appears that Democrat says. ers pressured the senator to avoid a ministration broke any laws. The Mr. Spitzer has been reluctant to “It’s time to stop crusading,” an- divisive primary. Bitterness over DA’s office said that they had acted reach out to the speaker on any- other says, “and start governing.”

those events could play a part in within their authority and did not thing, much less ask him for politi- bloomberg news their distant relationship. misuse the state police in collecting cal support. In Albany power poli- COMMENTS? [email protected] Mr. Gore’s firm already boasts space in London Street’s bankruptcy bonanza and Washington specialize in trading stocks of com- After helping create panies emerging from bankruptcy. credit disaster, Some firms are not just hiring; they are also buying. Restructuring firms seek lucrative leader Lazard recently acquired the environment at CBRE’s annual cleanup assignments boutique advisory firm Goldsmith conference earlier this month. Agio Helms, while Credit Suisse The documentary won an Oscar bought a one-third stake in a firm earlier this year, and Mr. Gore BY AARON ELSTEIN that appraises and liquidates assets. nabbed an Emmy this month for Meanwhile, private equity titan Current TV, a cable network he at a time when major firms in- Blackstone Group, which has long launched with a partner in 2005. cluding Bear Stearns and Morgan had a restructuring division here, Some of the network’s program- Stanley are reporting steep drops in recently opened one in Europe. ming is created by viewers.Mr.Gore

profits,not everyone on Wall Street lindström bekka was also nominated for this year’s is reaching for the Maalox. Bigger boutiques Nobel Peace Prize. Henry Owsley, a deal-maker says. “You can see that more busi- overloading companies with debt the legions of small outfits that Founded in 2004, Generation with more than 20 years’ experi- nesses are starting to fail.” or advising them to make ill-con- specialize in bankruptcies are also Investment has offices in London ence, is feeling terrific. Thanks to ceived mergers. staffing up. Alvarez & Marsal ear- and Washington,D.C., and plans to the credit crunch,business is boom- Ready to grow Headhunters report a surge in lier this month hired turnaround open a base in Melbourne next year. ing at his Manhattan-based in- in response, bankers are scram- demand for restructuring experts. specialist James McDermott as The Generation Foundation, which vestment bank, Gordian Group, bling to position themselves for the Earlier this year, for example, managing director of its North was launched in 2005 to strengthen which advises companies mired in next great growth market: restruc- Goldman Sachs snatched up top America restructuring practice, the field of sustainable develop- bankruptcy or teetering on the turing troubled companies. Ironi- bankruptcy lawyer Andrew Wil- which is based in New York. Gor- ment, receives 5% of the investment brink. cally, some of the firms destined to kinson to expand its restructuring dian’s Mr. Owsley says he’s adding firm’s profits. Mr. Gore is chairman “This year is proving to be a benefit the most from cleaning up practice abroad.Earlier this month, people to his 20-employee boutique. of Generation Investment. good one for us, and next year the mess are the very ones that Jefferies & Co. hired away two Sadly for Wall Street’s financial should be better still,” Mr. Owsley helped create it in the first place by Morgan Stanley executives who See WALL STREET on Page 7 COMMENTS? [email protected]

September 24, 2007 | Crain’s New York Business | 3 CNYB 09-24-07 A 4 9/21/2007 8:17 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL Marsh & McLennan +3.0% stuck in the doldrums The Bloomberg/ Crain’s New bottom “sell,” and he has loads of compa- paltry 8%,less than half of Willis Group’s York Index Results, shares languish ny.Of the 15 brokerage analysts who fol- 18% margin.Any widening of that meas- rose 3.0% 3 years after scandal; low Marsh, 14 rate it a “sell” or a“hold.” ure in the near future is unlikely at Marsh, to end the If the past few since insurance rates week at CEO falls from favor years are any guide, are easing. 379. The ➡ holding Marsh’s stock For the first half of S&P 500 BY AARON ELSTEIN can be costly. The the year, Marsh re- Index rose shares have slipped ported net income of 2.8%, hree years ago, Marsh & 1% during Mr. 79 cents a share on closing at McLennan Cos. was devas- Cherkasky’s tenure, revenues of $5.6 bil- 1526. tated by charges that it was while those of rival lion, compared with rigging bids and collecting Aon have doubled net income of $1.05 a undisclosed commissions. and those of Willis share on revenues of TIn desperation, the Marsh board Group rose 18%. $5.3 billion in the RISERS turned to Michael Cherkasky, a former Investors’ patience year-earlier period. 5-DAY 1-MONTH 3-MONTH CLOSING prosecutor, to right the ship. As the new with Mr. Cherkasky’s For 2007, analysts ex- % CHANGE % CHANGE % CHANGE PRICE chief executive, he quickly settled with leadership is clearly pect the firm to gener- Warnaco +15.6% +18.3% +6.7% $39.35 regulators and made some bold moves, starting to wear thin, ate earnings of $1.54 a including selling the firm’s big Putnam yet the CEO shows share, down 6% from Goldman Sachs +10.2% +19.7% -7.5% $209.98 mutual funds unit for nearly $4 billion. no signs of going any- last year’s results. Moody’s +8.7% +3.1% -24.6% $48.26 Nevertheless,the company is nowhere where. Furthermore, Marsh is trying to Market cap $13.4 billion ImClone +8.7% +34.1% +13.9% $42.41 near as profitable as it used to be, and in- following the abrupt woo shareholders by Hertz +8.0% -1.3% -16.1% $21.50 vestors are starting to wonder if Mr. departure of the head Long-term debt $3.6 billion using some of the pro- Cherkasky has a plan to remedy that. of the insurance bro- 2006 net income $990 million ceeds from the Put- Given that few potential catalysts are on kerage arm, Mr. nam sale to buy back SINKERS the horizon and that hopes for a big pay- Cherkasky will be stock. But at this 5-DAY 1-MONTH 3-MONTH CLOSING day from a leveraged buyout are dwin- heading that division point, many investors % CHANGE % CHANGE % CHANGE PRICE dling, investors looking for a winner until a replacement is found. favor further sales of assets. E*Trade -6.0% -13.1% -42.3% $13.53 should cast their lot elsewhere. That unit is vital, accounting for 50% Some speculate that Marsh will spin Kenneth Cole -3.6% -2.0% -18.6% $20.01 “Lackluster results over the past few of Marsh’s revenues. As a result of the off its Mercer and Oliver Wyman con- years have turned the once dependable bid-rigging scandal, the unit lost $800 sulting operations,which contribute 35% Time Warner -3.0% -3.0% -16.0% $18.08 stock into a ‘prove me’story,”wrote Gold- million in annual commissions,and it has of revenues. Mr. Cherkasky has said he Morgan Stanley-2.5% +2.5% -11.1% $64.44 man Sachs analyst Thomas Cholnoky in struggled ever since to fill that gap with opposes such a move. JetBlue -2.3% -1.4% -16.2% $9.45 a research report earlier this month. anything nearly as lucrative. The firm’s Mr. Cholnoky rates Marsh a rock- net profit margin for the first half was a COMMENTS? [email protected]

STOCKS TO WATCH by Erik Ipsen Shares in buyout shop Blackstone rally courtesy of Ben Bernanke and the Fed DID THE FEDERAL RESERVE bail out Wall Street’s deal-makers last week with its interest rate cuts? Investors in Blackstone Group think so. They pushed the shares of the private equity group up 6% last week. It helps that the firm’s COO said Thursday that the company made a bundle shorting mortgage lenders this year. Too bad, though, about its pending purchase of the mortgage unit of PHH, which bankers are now balking at funding. Shareholders of Pepsi Bottling have had a lot to swallow lately. Americans are losing their taste for fizzy drinks, and Coca-Cola has recently purchased hot-selling Vitamin Water. Despite all that, the big bottler is expected to post a 10% jump in quarterly earnings next week. With a new low-calorie version of its Gatorade and an all-new energy water drink in the wings, and with costs falling, no wonder the bottler’s shares are up 17% in the last six months. Platform shoes are bad for long walks and, as it turns out, for long-range investments, too. Steven Madden, the firm that made its mark with such trendy footwear and saw its stock soar to nearly $45 last October, has run out of gas. The shares have lost 46% this year. Margins are expected to be squeezed as sales slip as much as 4% this year. But the company’s shares are cheap, trading at 11 times next year’s earnings. charts: lindström bekka

4 | Crain’s New York Business | September 24, 2007 Project10 9/19/07 3:12 PM Page 1

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the sun rises. Willie Mays bio on deck Making sure the Ritz-Carlton hotels have enough workers for aseball great Willie Mays (below) is getting ready the predawn meal, and the right to talk about what it was really like to be an African- food, is critical, says Cynthia Chung, American ballplayer in the days of Jim Crow and the director of international and B diplomatic sales. Civil Rights movement. On the menu: basmati rice, Following a spirited auction that took the price into the plain chicken and turkey, assorted seven figures, Scribner last week won the right to publish cheeses, yogurt, olives and James Hirsch cucumbers. As an added amenity Willie Mays:The Life, the Legend.The book, by , for Muslim guests, the Ritz- will be the first major biography of the legendary center Carlton will put Korans, prayer fielder, who spent most of his career with the Giants—in rugs and an indication of the qibla, New York and San Francisco—before finishing up or the direction of Mecca, in their rooms. Bibles will be discreetly with the Mets. removed. Most recently, 76-year-old Mr. Mays has been in the news as the godfather of home run king and suspected Big business, steroid user Barry Bonds. Mr. Mays put out a well-received big budget autobiography in the 1980s. But the new sure, hedge fund managers book, to be written with his fantasize about making movies, but Sanjay Sanghoee is living his cooperation, will look at the dream.The former banker events that swirled around launched production company No. 24. “He wants to be candid Relentless Pictures to immortalize about what it was like,” says Todd his corporate thriller, Merger,on film. But unlike most vanity Shuster, the agent for the book. projects, this one has big names— Mr. Hirsch, a former New York and money—behind it. Times reporter, has dealt with race in Sopranos production company previous books, including Brillstein Entertainment Partners is executive-producing, while one about boxer Rubin former Securities and Exchange “Hurricane” Carter. Commission landov Chairman says that, despite being a Harvey Pitt and Trump Magazine billionaire,The Donald has too Fortune’s back in print much of a nouveau riche image for Bethany the magazine to succeed. “Luxury McLean, who trump magazine will try again. advertisers just avoid him like the co-authored Donald Trump (below) and plague,” he says. The Smartest Ocean Drive magazine Chairman Guys in the Jerry Powers Room:The will Hotels observe Amazing announce a Ramadan Rise and Scandalous new partner- Fall of Enron, are creative advisers ship and the breakfast takes on new meaning on the script. Mr. Sanghoee has relaunch of this week at the two Ritz-Carlton secured $7.5 million for the shoot the epony- properties in Manhattan—and and expects to raise up to $7.5 mous title at for that matter at any of the hotels million more. Merger was a press hosting delegations for the published last year by St. Martin’s conference United Nations General Press.

bloomberg news on Sept. 25 at Assembly meeting kicking off The author says that when he the Trump Tower.The luxury this week. began writing the novel, “I didn’t quarterly will make its comeback For the first time in recent even think about getting it in late November and will focus history, the annual powwow published; I was just bored. Now on fashion and home design. coincides with the Muslim I’ve found something I feel The Donald has been down holiday Ramadan, which requires passionate about.” this road before—first with the adherents to fast during the day. short-lived Trump Style, which Muslim guests will expect Contributors: Lisa Fickenscher, Matthew was distributed in Mr.Trump’s breakfast at around 4 a.m., before Flamm, Miriam Kreinin Souccar hotels, then with Trump World, which was later relaunched as Trump Magazine. COLORFUL CABS That title ceased publication in the spring. According to an SUDDENLY, New York taxis look like they industry insider, Trump Publisher drove right out of the 1960s. The public Michael Jacobson had gone to Mr. arts project Garden in Transit was privately Powers with a plan to revive the funded by nonprofit Portraits of Hope to title, but was forced out of the celebrate the 100th anniversary of the arrangement. metered cab. Messrs. Jacobson and Trump More than 23,000 children and adults from schools, hospitals and could not be reached. Mr. Powers community programs across the city volunteered to paint the adhesive declined to comment. weatherproof panels. The project runs through Dec. 31. One former Trump executive

6 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 7 9/21/2007 7:15 PM Page 1

serve to help cover members’ losses in the case of a shutdown, but the- Lockout looms on Broadway as talks stall ater executives deny that they are planning a lockout. Continued from Page 1 quested anonymity, say Even so, the imposition of a quirements at issue can inflate pro- Local One is trying to deadline has hardened the union’s duction costs by over 15%. For ex- drag out the talks until stance. Though both sides have ample, theaters must hire the same November—the be- been posturing, sources close to Lo- number of people every day during ginning of Broadway’s cal One say that if producers go a show’s setup, or “load in,” even if busiest and most lucra- ahead with a lockout, the union will they are not needed each day. tive season, when a see to it that theaters stay closed “Costs on Broadway have sky- shutdown would hurt through at least November. rocketed over the last few years,” the most. says one theater executive. “We just In 2003, Mayor Revenue sharing want to pay the stagehands for the Michael Bloomberg only 350 of Local One’s 3,000 work they actually do.” stepped in to settle a members work on Broadway.Those Union officials contend that pro- musicians strike that at other venues, including Lincoln ducers are being greedy. Box-office closed Broadway for Center, have agreed to give some of grosses are skyrocketing, and press SHOWTIME: Producers say union rules add extra costs to Broadway shows. four days. their shifts to their Broadway breth- reports about sold-out shows and The mayor’s office ren to help them get by in case of a $450 premium tickets for Mel did not return requests prolonged battle. Brooks’ incoming musical, Young way hauled in a record $939 million tract before October, when 13 new for comment for this story. The union has also accumulated Frankenstein,give the union grist for last season—most of the increase productions are slated to begin per- League executives say they have a $4 million emergency fund for the mill. has come from a small number of formances. asked to meet every day since July Broadway stagehands. “We’re not going to negotiate a breakout hits, like Jersey Boys. and that Local One officials have “In any scenario, Local One is concessionary contract in a billion- On average,they say,only 20% of Differing agendas been reluctant to set dates. prepared to protect the best interest dollar industry,” a spokesman for shows recoup their investment, and “the league’s firm goal and expec- “It’s to the league’s advantage to of its families and children, and rec- Local One said in an interview for a it takes them nearly two years to do tation is to reach an agreement with bring negotiations to a head before ognize the needs of fellow union previous article.The union says it is so. Local One by the end of Septem- shows spend big money loading in,” members and constituents in the asking for only a small pay raise and Each side claims the other is try- ber,” says Executive Director Char- says one theater executive. “A strike theatrical community,” a union minor enhancements to benefits. ing to maneuver the timing of the lotte St.Martin.“We are prepared to when the shows are in previews is to spokesman says. Producers say that although negotiations to its advantage. The meet 24/7 to reach a new contract.” Local One’s advantage.” overall grosses are robust—Broad- league is pushing to settle the con- Other league officials, who re- The league has a $20 million re- COMMENTS? [email protected] Wall Street foresees bankruptcy bonanza

Continued from Page 3 perts believe that their industry is on panies in financial distress rose at feries’ financial services advisory powerhouses, restructuring work the threshold of the greatest market its fastest level in four years, as the group. can’t come close to big-league mon- since the epic failures of Enron and credit markets remained in tur- ey-spinners such as advising on WorldCom led a parade of corpo- moil and the financial wreckage Complexity yields profits mergers—a business now in the from the subprime mortgage melt- restructuring experts believe deep freeze. down spread. Standard & Poor’s that the bumper crop of bankrupt- Defaults could says defaults could soar nearly ten- cies will include some rich pickings. More buck for the bank fold next year. They note that bankruptcy work in lazard, for example, hopes to soar nearly Over the next three years, recent years has become more com- collect $12 million for advising sub- $470 billion in loans to financially plex—and lucrative—due to a num- prime lender New Century Finan- tenfold next shaky companies will mature, ac- ber of financial innovations. cial during its bankruptcy proceed- cording to Jefferies, as will an addi- High on that list are derivatives ings, a labor-intensive project that year, says S&P tional $120 billion in junk bonds. that enable investors to bet on de- GRAVY FOR GORDIAN: Henry Owsley’s firm is will stretch on for months. In con- Many highly leveraged companies faults. These instruments, which doing well and expects an even better 2008. trast, Lazard advised the board of will find new loans hard to get or, at were in their infancy back when TXU earlier this year on a proposed the very least, far more expensive in Enron and WorldCom collapsed, leveraged buyout of the utility—an a market now wary of risk. represent a $35 trillion market to- bankruptcy case. assessment that took only a few days “The opportunity for firms like day. By diffusing investor exposure “These are uncharted waters for to prepare—and collected a cool rate defaults ultimately totaling ours has the potential to be larger to default, derivatives make it more everybody,” says Mr. Carlston. $13.5 million. $290 billion. than during the last cycle,” says complicated to figure out exactly Nevertheless, bankruptcy ex- Last month,the number of com- Thane Carlston, co-head of Jef- who is on the hook for what in a big COMMENTS? [email protected]

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September 24, 2007 | Crain’s New York Business | 7 CNYB 09-24-07 A 8 9/21/2007 8:19 PM Page 1

New York restaurant firestorm A WAY TO MOVE UP IN RECENT YEARS, Restaurant Opportunities Center of New York has done Continued from Page 1 warehouse workers—but no union er of Café Fiorello, Trattoria Del- more than champion the rights of workers in its industry. In 2005, it founded rant Opportunities Center of New contract. l’Arte and Redeye Grill. downtown restaurant Colors, an eatery that employs workers from Windows York, which in the last five years has The IWW, a group whose roots on the World. successfully taken on several of the extend back to the early days of the Owners try to comply In June, ROC went one step further by opening a culinary school at the city’s most famous restaurant labor movement a century ago, has owners of restaurants, even restaurant that operates during the day. The school is designed to give groups. since moved on to other targets. those not yet specifically targeted by restaurant workers the means to move up. It offers classes in cooking, “I see these folks as the future of IWW organizer Billy Randel is cur- ROC, are taking note. Elise Bloom, bartending, table service and even management—at no cost. the labor movement,” says Ed Ott, rently targeting the 200 or so Asian- a partner at law firm Proskauer “For low-wage immigrant workers, there is no way to move up in the executive director of the New York owned food wholesalers in Brook- Rose, which represents many business,” says Saru Jayaraman, executive director of ROC. The Colors City Central Labor Council. “They lyn and Queens. To date he has restaurants in the city, notes that school, she adds, offers an alternative to high-priced culinary institutions in are young and audacious.” recruited some 100 workers at these owners are now spending more time the city. They are also drawing a crowd, businesses, including employees of training their managers to comply luring established unions into the Handyfat Trading, Top City Pro- with labor laws. fray. duce and EZ Supply/Sunrise Plus. “Employers are taking greater “None of these shops paid their steps to make sure that their policies up all over the country. and compensating for the govern- Teamsters union enters battle employees the minimum wage or are being followed,” she says. Experts say that the growth of ment’s inability to enforce its own in june,for example, the powerful paid them for time off,” says Mr. Emboldened by its own success, these organizations parallels the un- labor laws,” says Ms. Fine. Teamsters union began holding Randel. “And we seek to change ROC is setting its sights higher. precedented influx of immigrants to Even traditional unions are weekly meetings with workers of that.” “We are moving in a national di- the United States between 1990 and changing their strategies, following Long Island City, Queens-based ROC is among the most success- rection,” says Saru Jayaraman, exec- 2000. In 1992, there were just five the lead of advocacy groups to reach grocer FreshDirect to unionize ful of the new groups. Its high-pro- utive director of ROC, which co- worker advocacy groups, which deeper into immigrant communi- them. The Teamsters’ move comes file legal battles with prominent hosted a summit of like-minded grew to 140 in 2005 and 170 today, ties. on the heels of an unsuccessful effort restaurants including Daniel and organizations in Chicago this sum- according to Janice Fine, an assis- “A lot of our traction is in the im- launched two years ago by a group several owned by Smith & Wollen- mer. tant professor at Rutgers University migrant population,” says Mr. Ott, called the Industrial Workers of the sky has resulted in $585,000 in Spurred by the pioneering efforts and author of Worker Centers: Orga- “and we are trying to find ways to World, which ultimately won a back-pay awards to date. Currently of New York-based groups created nizing Communities at the Edge of the support [the advocacy groups].” wage increase of 50 cents an hour ROC is engaged in a two-year-old to champion the lowest-paid work- Dream. and more break time for the grocer’s battle with Sheldon Fireman, own- ers, similar advocates are cropping “These centers are filling a void COMMENTS? [email protected]

Knicks faulted for going to court CONTACT INFORMATION THE CRAIN’S BEAT SHEET Continued from Page 2 among other things. Thomas was accused of regularly calling Ms. EDITORS SAMANTHA MARSHALL Brown-Sanders “a bitch” and “a ho,” SENIOR REPORTER GREG DAVID e-mail: [email protected] and married star point guard EDITOR Covers education, and international Stephon Marbury admitted that he e-mail: [email protected] business and trade. had sex with a Knicks college intern In charge of all editorial operations in his SUV after a team party at a for the paper and related products. ANNE MICHAUD strip club. SENIOR REPORTER “That was horrendous testimony VALERIE BLOCK e-mail: [email protected] the other day,” says A. Michael We- DEPUTY MANAGING EDITOR Covers politics and government, ber, senior partner at labor and em- e-mail: [email protected] works on Crain’s Insider newsletter. Edits “New York, New York” ployment law firm Littler Mendel- column and other stories. son, referring to the videotaped MIRIAM KREININ SOUCCAR deposition in which Mr. Thomas SENIOR REPORTER ERIK IPSEN e-mail: [email protected] expounds on the acceptable use of DEPUTY MANAGING EDITOR Covers the business of arts and culture. foul language and racially tinged e-mail: [email protected] slurs toward black women. Edits small business columns THERESA AGOVINO ap images “He was clearly not prepared getty images and special reports. REPORTER well for the deposition,” says Mr. KNICKS boss James Dolan may have decided to meet Anucha Browne-Sanders in court. e-mail: [email protected] Weber,who usually represents man- CARMEN FLEETWOOD Covers commercial real estate. agement in such disputes. “He ASSISTANT MANAGING EDITOR looked much too relaxed, gave bad He is chairman of Cablevision Sys- market. e-mail: [email protected] BARBARA BENSON answers and made the case worse.” tems Corp, which owns Madison “If the team is inadequate on the Edits special reports and Crain’s Health REPORTER Pulse. The fact that Ms. Browne- Square Garden and the Knicks.The court and also has ongoing problems e-mail: [email protected] Sanders was fired after filing the team has “a highly centralized deci- off the court, I think there can be a Works on Health Pulse newsletter. lawsuit and after several years of sion-making process,” says Todd snowball effect in the lack of desire ROBERT HORDT ASSISTANT MANAGING EDITOR good performance reviews makes Mitchell, cable analyst for invest- to support the effort,” says Randy ELISABETH BUTLER CORDOVA e-mail: [email protected] REPORTER the case extremely difficult to de- ment firm Kaufman Bros. Bernstein, president and chief exec- Edits special reports and other stories. e-mail: [email protected] fend, Mr. Weber says. Most lawyers At Cablevision,“Mr.Dolan has a utive of sports and entertainment Covers retail and apparel. would advise management to avoid professional management team,and sales and marketing firm Premier REPORTERS termination, especially while an in- he lets them run the business,” Mr. Partnerships. ERIK ENGQUIST vestigation is under way. Mitchell says. But the basketball AARON ELSTEIN REPORTER The Knicks may have been sim- team and Madison Square Garden, The Kobe effect SENIOR REPORTER e-mail: [email protected] e-mail: [email protected] Covers politics and government, ply looking at the dollar signs.Puni- “are basically run as his own fief- “just look at kobe bryant,” says Covers Wall Street. tive damage awards in such sexual dom.” Ben Sturner, president and CEO of works on Crain’s Insider newsletter. harassment and retaliation suits Nevertheless, the financial im- Leverage Agency, a New York LISA FICKENSCHER usually end up in the range of four to pact of the case hinges on whether sports and entertainment marketing AMANDA FUNG SENIOR REPORTER REPORTER five times salary, according to Mr. sponsors stick with the team or pull firm. The L.A. Lakers star was the e-mail: [email protected] e-mail: [email protected] Weber. That would amount to be- advertising because of concerns subject of a lengthy rape lawsuit and Covers tourism, restaurants, hotels. Covers technology and telecom. tween $1 million and $2 million in about image. investigation in 2004. this case. Ms. Browne-Sanders is The Knicks are the wealthiest Most mainstream sponsors,such MATTHEW FLAMM HILARY POTKEWITZ seeking $10 million. team in the National Basketball As- as Coca-Cola Co.’s Sprite brand, SENIOR REPORTER REPORTER sociation, with revenues 16% high- dropped Mr. Bryant. e-mail: [email protected] e-mail: [email protected] Ego involved er than the No. 2 Los Angeles Lak- “Nike still has his shoe, but he is Covers media and entertainment. Covers legal issues and transportation. “this is not a winning case [for the ers, according to Forbes magazine. no longer the face of Nike,” Mr. Knicks],” he says. “But that doesn’t Despite a losing record, a three- Sturner says. The Knicks’ major TOM FREDRICKSON GALE SCOTT mean you settle for $10 million.” year playoff drought and declining sponsors include Coca-Cola, An- SENIOR REPORTER REPORTER Some believe the decision not to home court attendance, revenue has heuser-Busch, Panasonic and e-mail: [email protected] e-mail: [email protected] settle was made solely by Knicks continued to rise—largely because American Express. Covers the banking and energy Covers hospitals and insurers, industries and the New York economy. works on Health Pulse newsletter. boss James Dolan,who may have ig- of advertising.The team plays in the nored legal advice to do the contrary. nation’s largest, richest television COMMENTS? [email protected]

8 | Crain’s New York Business | September 24, 2007 Project4 3/1/07 5:54 PM Page 1

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when he previously worked in the state Attorney General’s Office dur- FREE TRIALS Insurers bilked by ER docs? ing an ongoing case involving a Long Island surgeon who billed a OF HEALTH PULSE Continued from Page 1 patient more than $60,000 for NEWSLETTER gery than they pay their own net- emergency care after the patient’s work physicians. WIDE PRICE RANGE plan refused to pay that amount. CRAIN’S OFFERS READERS A FREE Insurers say that in some group Differences in insurance payments for emergency procedures for out-of-net- two-week trial subscription to practices, a doctor will deliberately work, in-network and Medicare patients in New York state.* National problem Crain’s Health Pulse online team up with an out-of-network “these doctors are taking mil- newsletter. colleague so that the nonparticipat- OUT-OF NETWORK- IN-NETWORK MEDICARE lions of dollars out of the system,” Pulse deals SURGERY PAYMENT PAYMENT PAYMENT ing doctor can pump up the bill on says a chief executive at one of New with the business behalf of the practice. Heart surgery $157,525 $54,969 $35,068 York’s largest plans. “It’s a national of health care. It For example, one major insurer problem for us, but it’s particularly supplies informa- said that it was charged $75,000 Back surgery $75,000 $3,652 $2,521 pronounced in New York.” tion on mergers each by the primary and assistant *In most comprehensive plans, insurers agree to pay 60% to 90% of out-of-network bill. But to Dr. Glasberg, there is and affiliations, physicians in a back surgery case nothing wrong with nonparticipat- contracts, exec- where the standard payment for in- ing doctors billing the plans more. utive appointments, regulatory network doctors would be $3,652 ting a ceiling at a multiple of what no obligation to take what the plan He says most insurers are paying actions and legislative develop- and $730,respectively.According to Medicare pays for a particular treat- wants to pay.” doctors so little that they depend on ments in New York City and state, that insurer’s data,of nearly 400,000 ment.DOI Deputy Superintendent The emergency room payment getting these higher out-of-net- the northern suburbs, Long Island emergency room procedures for Troy Oeschner says the department issue results from the Managed work payments to cover their own and nearby areas in New Jersey. which it was billed in 2006, 35% hopes to come up with legislation by Care Reform Act of 1996, which expenses. An annual subscription is were from nonparticipating doctors. next year. says insurers operating in New York Rather than gaming the system, $295. The one-page newsletter is “A percentage of doctors take advan- are required to cover “reasonable and as the insurers charge, he says doc- Fair price available by 6 a.m., Monday tage of us,” a plan executive says. customary” fees for out-of-network tors are “playing the insurance in- through Friday. Subscribers “There are groups of ancillary but the state’s medical society doctors who give care in emergen- dustry’s game. They forced us to. ” receive Pulse Extra, an additional physicians who prefer not to join says that doctors aren’t obligated to cies. The surgeons’ idea of reason- Proposals to limit doctors’ fees page, on Wednesday mornings. networks, specifically so they can accept what the plans establish as a able can be far higher than what the have been defeated in New Jersey, take advantage of the situation,’’says fair price. plans pay in-network physicians. Connecticut, and California, but For your free two-week trial, go an Aetna spokeswoman. Most in- “Doctors may believe the plans’ Generally, health care plans will the plans keep reviving them, Dr. to www.NewYorkBusiness.com. surers wouldn’t discuss the situation fees are inadequate,” says Donald pay anywhere from 60% to 90% of Glasberg points out. Click on Health Pulse under publicly. Moy,the lawyer for the Medical So- out-of-network claims. Doctors say Without the prospect of getting “Features,” on the upper left side It has reached the point where ciety of the State of New York. they rarely pursue patients for the extra payment for out-of-network of the home page. In the blue the state Department of Insurance is “They may be one of New York’s remainder because most are too emergency care, Dr. Glasberg says, tools box, click on “Request a holding talks with insurers, con- pre-eminent surgeons who can poor. Insurers say the doctors fear “no one would sign up to take emer- Free Trial.” After registering, you sumer groups and doctors to come command high fees. Or they may provoking a public outcry over the gency call. Why expose yourself to will receive confirmation by up with a plan limiting the amount feel that there are too many hassles excessive charges. liability for such low pay?” e-mail with instructions on an out-of-network doctor can bill involved in joining a plan’s panel. If But there are exceptions. Mr. accessing the trial issues. for emergency care, perhaps by set- they are out-of-network, they have Oeschner became aware of the issue COMMENTS? [email protected]

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10 | Crain’s New York Business | September 24, 2007 Project3 8/6/07 1:33 PM Page 1 CNYB 09-24-07 A 12 9/21/2007 1:37 PM Page 1

VIEWPOINT Another chance for Spitzer editor in chief Rance Crain publisher Jill R. Kaplan lbany district attorney David Soares York business and politics to solicit their advice. At other EDITORIAL has handed Gov. Eliot Spitzer an times he was the manipulative politician, as when the news editor Greg David deputy managing editors Valerie Block, opportunity to recapture the momentum of his meetings with those graybeards was carefully leaked to Erik Ipsen assistant managing editors he lost as the Troopergate scandal The New York Times.Too Carmen Fleetwood, Robert Hordt preoccupied the state. Whether he does often he was caustic and columnist Alair Townsend senior reporters Aaron Elstein, so depends on what he has learned from bullying, as when he Lisa Fickenscher, Matthew Flamm, the episode. recently told a reporter Tom Fredrickson, Samantha Marshall, Anne Michaud, Miriam Kreinin Souccar Mr. Soares’ decision serves Mr. Spitzer in several ways. It seeking answers on the reporters Theresa Agovino, Barbara Benson, ends the pressure to fire the two top aides who were at the issue to “get a life.’’ Elisabeth Butler Cordova, Erik Engquist, A Amanda Fung, Hilary Potkewitz, Gale Scott center of attempt to tarnish the reputation of Majority The governor’s restaurant critic Bob Lape Leader Joseph Bruno. It makes Senate Republicans’ efforts agenda—fixing the art director Steven Krupinski

buck ennis deputy art directors Carolyn McClain, to keep the issue alive appear overly partisan. And because state’s health care Daniel Mednick staff photographer Buck Ennis the governor himself answered the DA’s questions about his The governor’s system, making sure copy desk chief Wendy Zuckerman role, it ends the speculation that Mr. Spitzer didn’t disclose New York City remains copy editors Michele Arboit, agenda was Thaddeus Rutkowski everything he knew about the scandal. the global finance center research editor Denise Southwood The unexpected announcement also arrived just in time. and reviving the upstate associate research editor stalled by Adrianne Pasquarelli Last week, the Siena Research Poll reported that 60% of economy—is the right www.NewYorkBusiness.com New Yorkers said Mr. Spitzer should be more forthright the scandal one. But the scandal has online editor Catherine Tymkiw online reporter Kira Bindrim about what he knows about his aides’ actions. A troubling meant that even modest EDITORIAL AND ADVERTISING OFFICES 49% believe the governor is doing only a fair or poor job. A measures—like a bill to 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 Crain’s Web poll (see Page 13) echoed those sentiments. allow small projects to advertising: 212.210.0259 The public unhappiness with Mr. Spitzer is a reflection of use a single general Cable craincom nyk the governor’s erratic responses to Troopergate. Sometimes contractor—have been derailed because the governor didn’t Fax 212.210.0499 Entire contents ©copyright 2007 Crain he was the determined reformer dealing with the issue have the clout to demand passage. Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP directly, as when he suspended the two aides, and when he Voters elected a determined but substantive reformer, and Inc., used under license agreement. scheduled a series of meetings with the old hands of New that’s what they expect their governor to be. TO SUBSCRIBE: Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. www.NewYorkBusiness.com

ADVERTISING AND MARKETING LETTERS TO THE EDITOR advertising director Jeff Adler business development manager Robert N. Grossman senior account manager William E. Squitieri account executives Andrew Carlin, Lisa Pearly, Jennifer Siniscalchi, More cable options for NYC Brigitte Stieglitz western account manager THE FORGOTTEN POTENTIAL VERIZON SECRET AGENT Ellen Mazen (Los Angeles) 323.370.2477 CABLE PROVIDER CUSTOMER WARY cable rates because phone and on- SPITZER sales manager, classified site service are poor; reception isn’t print & online John Gallagher “new yorkers hail Verizon cable i would love a Verizon option any good, either. only in russia can you come in newsletter product manager option” (Sept. 10) failed to for cable TV. Improve service, reception, like the KGB and expect Catherine Evans Gittens sales coordinator, print & online mention that in addition to Time But as the hardware and product everything to change on day one Lulé Haznedari Warner and Cablevision, cable president of a Fifth IMMIGRANTS offerings, and people (see online poll, Page 13). Gov. sales coordinator Anita Perrino TV service is also available from Avenue co-op, I have IN NYC won’t mind paying Spitzer clearly needs to take some credit Pat Grondziak 313.446.6082 RCN. been unable to get any high prices. courses on finesse and diplomacy. marketing director Amy Crossman marketing manager Jill H. Bottomley The company offers service in movement from martin perez paul richards marketing coordinator Jenny Mashberg Manhattan, Queens and parts of Verizon to wire our circulation manager Andrea Richardson Brooklyn. In fact, RCN was the entire building for its 40% CRACKDOWN GUV’S HALO assistant circulation manager OF THE POPULATION first system to offer the triple FiOS product. JUSTIFIED JUST A MIRAGE Rosalie Ford play to consumers and has a If the company is general manager, interactive significant foothold on both the having this much the sept. 17 headline gov. spitzer has fallen off the Marc Minardo East and West sides of trouble with a product 45% “Immigrant workers, pedestal and is permanently technical producer Danny Porter Manhattan as an alternative to it advertises OF THE WORKFORCE firms feel feds’ heat’’ tainted as just another politician. NEW YORK PRODUCTION Time Warner. regularly, imagine left out the word john peter morisi production and pre-press director Though I agree with the how much trouble it illegal. Michael Corsi advertising production manager article’s assessment of the will have with cable The last time I Marilyn DeMilta marketplace, I hope that the TV. Ouch! 500KUNDOCUMENTED took a job, I had to WRITE TO US IMMIGRANTS PUBLISHED BY CRAIN COMMUNICATIONS INC. magazine will clarify the fact that thomas kearns prove I could legally Letters to the Editor: Crain’s New York Business, chairman Keith E. Crain New Yorkers already have a fine Source: Mayor’s Office of Immigrant Affairs accept a job in this 711 Third Ave., New York, NY 10017. Fax letters to president Rance Crain alternative in RCN. country. (212) 210-0799. Send e-mail to Crain’s staffers by PRETTY MUCH BAD using their first initial, their last name and secretary Merrilee Crain bob lion ON ALL FRONTS I do not think that is asking @Crain.com. Names are in the list to the right. All treasurer Mary Kay Crain Vice president too much. letters are subject to publication, provided they are executive vp, operations William Morrow Viamedia people complain about high joseph marcogliese signed. senior vp, group publisher Gloria Scoby group vp, technology, circulation, manufacturing Robert C. Adams vice president/production & manufacturing David Kamis WHAT’S COMING UP IN CRAIN’S? chief information officer Paul Dalpiaz corporate circulation director Most influential Small Real Health Meetings Business Patrick Sheposh women in NYC business estate care and conventions of founder G.D. Crain Jr. (1885-1973) business report report report report law chairman Mrs. G.D. Crain Jr. (1911-1996) Oct. 1 Oct. 8 Oct. 15 Oct. 22 Oct. 29 Nov. 5

12 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 13 9/20/2007 7:19 PM Page 1

We are pleased to announce the could name someone to that post. following transactions: The majority of key commissioners still hold their jobs, including the Schlesinger Associates of New York, Inc. CBRE Health Department’s controversial Michael Liss Thomas Frieden. The few important losses can be Transworld Equities Inc. counted on the fingers of one hand, City Sites New York Commercial Group most notably First Deputy Mayor Herb Hirsch Marc Shaw and communications guru Bill Cunningham. Millgate Capital, Inc. This kind of stability is rarely The Lansco Corporation seen in city government. Brett Zelner The members of the mayor’s team,a talented group with good pri- Faxtor, Inc. vate-sector prospects,have stayed be- Cushman & Wakefield cause they work for a man who makes David Rosenbloom & Joseph Giordani no small plans,doesn’t micromanage them and never criticizes them in Research Institute for the Study of Man Newmark Knight Frank public. The Bloomberg culture and Brian Waterman & Brent Ozarowski the allure of public service provide compelling reasons to stay on the job. Pamco Printers At home,it’s a different story.Mr. GVA Williams Doctoroff undoubtedly put in many hours when he worked on Wall Street McGill + Partners Consulting LLC and in the private equity business, GVA Williams

john h.john howard but nothing in his previous work ex- perience compares with the endless days and the pressures of his current For leasing information contact: job. The same is true for his col- Harry F. Blair leagues,most of whom have school- 212.716.3741 Mike, pied piper age children.Their families are say- [email protected] ing,one way or another,that enough is enough. Those members of the Sean Kearns administration who didn’t make 212.716.3715 [email protected] of City Hall their fortunes before arriving at City Hall also face mounting pressure to efore daniel doctoroff accepted the post of find more lucrative places to work. deputy mayor for economic development, he in- By now, the families would likely sisted that he be allowed to continue to run the ef- be gaining the upper hand in the loy- alty tug-of-war.But just when an ex- fort to lure the 2012 Olympics to New York. May- odus would seem to be inevitable,the or-elect Mike Bloomberg agreed, as long as mayor has developed a new reten- Mr. Doctoroff pledged to remain in the job for six years. Since tion tool, deliberately or not. Who PHOTOGALLERY B wouldn’t hang on for a few more LISTINGS OF LOCAL EVENTS there are only three months before his commitment expires, 40 UNDER 40 PROFILES AND PHOTOS months if the reward was a big job TOP LISTS FOR BUSINESS LEADS in Washington? Imagine Patti Har- NY BUSINESS DIRECTORY it’s little wonder that ranks of the Bloomberg ris as the president’s chief of staff, or speculation is rife in the administration will last Ed Skyler as communications direc- LATE BREAKING business community that much longer. tor at the White House.Dr.Frieden Mr.Doctoroff will leave Of the mayor’s top no doubt considers how many lives LOCAL NEWS his post at year’s end. aides, Deputy Mayors he could save if he took his anti- RESTAURANT REVIEWS The deputy mayor Patti Harris, Ed Skyler, smoking and antiobesity campaigns LINKS TO MEMBERSHIP ORGANIZATIONS insists that he isn’t look- Dennis Wolcott and nationwide as surgeon general. INTERACTIVE ONLINE POLLS ing for a job and isn’t Mr. Doctoroff have all The mayor needs to decide by SEARCHABLE ARCHIVES likely to leave—though been there since Jan. 1, March whether to run for president. COMPREHENSIVE INDUSTRY PAGES he wouldn’t admit it if 2002. Police Commis- If he does,his team will remain large- THERE’S SOMETHING FOR he were. But the impor- sioner Ray Kelly and ly intact before breaking up in No- EVERYONE AT tant fact is not that he GREG fire chief Nicholas vember.If not,departures will begin may depart, but that he DAVID Scoppetta took their in March and peak next Labor Day, and so many others have jobs at the start of Mr. should the mayor take a page from stayed so long.The cru- Bloomberg’s tenure, President Bush and tell everyone cial question is whether the conti- and Joel Klein joined as schools they either have to leave then,or stay nuity that has marked the highest chancellor as soon as the mayor for the duration.The clock is ticking.

CRAIN’S ONLINE POLL You’re working HAS SPITZER RECOVERED FROM THE TROOPERGATE PROBE? ABOUT THREE-QUARTERS of the 473 for change. respondents to a Crain’s online poll believe No, he’s that the Troopergate probe continues to No, questions been Is it working for you? have a negative impact on Gov. Eliot remain to be .38% 36%. permanently answered damaged THE INSTITUTE FOR NOT-FOR-PROFIT MANAGEMENT Spitzer’s image. Nearly 40% think there are Information session: September 27, 2007 5:30-7:00pm. outstanding questions that need to be Yes, he wasn’t Yes, no To register or learn more: answered, while 36% say the scandal has involved and his 15% 11%. criminal aides have been . actions were WWW.GSB.COLUMBIA.EDU/EXECED/INM or call 212.854.6018. already caused irreparable harm to the disciplined involved governor’s reputation.

For readers’ comments, see Letters to the Editor on Page 12.

September 24, 2007 | Crain’s New York Business | 13 CNYB 09-24-07 A 14 9/21/2007 1:43 PM Page 1

Melinda Katz and David Weprin have each raised seven-figure sums for comptroller, and Councilman WILLETS POINT This era’s Cuomo? THE INSIDER Simcha Felder, D-Brooklyn, is approaching that amount. IF WILLETS POINT businesses’ fight against eviction Another candidate, propels a champion of the underdog into a political by Erik Engquist and Anne Michaud Assemblyman James Brennan, career, it wouldn’t be the first time. D-Brooklyn, has raised far less but In 1963, a young, unheralded lawyer named could be a threat to Mr. Yassky Mario Cuomo took on Robert Moses, who wanted because their constituencies are to raze the very same Queens site for aesthetic Gay Democratic clubs put similar. reasons before the 1964 World’s Fair. Mr. Cuomo won. “It started a whole chain of events that got me Brooklyn pols on notice into public life,” recalls the former governor, who grew GOP fundraisers up in the borough’s rough South Jamaica section. ay groups have declared war on the bet on Wager In the current Willets Point drama, the Bloomberg Brooklyn political establishment administration wants to clear out businesses to Mario Cuomo several aides from Rudy over its support of Noach make way for a massive hotel and entertainment G Giuliani’s City Hall days are hosting complex. Property owners have retained Dear, who won nomination last a fundraiser for Richard Wager, who environmental attorney Michael Gerrard to stop week for a Civil Court judgeship. served in the Giuliani and what he calls “the total destruction of the The Lambda, Stonewall and Jim Owles Bloomberg administrations and is neighborhood.” He plans to sue if the city does not running for Congress against first- clubs sent a stinging letter to Borough Kirsten Gillibrand fairly assess the impact of the project. term Democrat . The lawyer’s hiring suggests strong resistance by Marty Markowitz The district covers the area President (right), the businesses. Mr. Gerrard was Cablevision’s from the mid-Hudson River Valley Assemblymen Vito Lopez and Dov Hikind, state counsel for the West Side stadium battle and worked Diane Savino Vincent to Lake Placid. Mr. Wager’s Sen. and Councilmen benefactors include Adam Barsky, against the ill-fated Westway earlier in his 28-year Gentile, Domenic Recchia and Kendall Stewart. Fred Cerullo, Robert Harding, Joseph career. “I’ve fought many ‘unstoppable’ projects,” he They called Mr. Dear blatantly homophobic Lhota, Ryan Medrano, Cristyne Nicholas says. Willets Point owners have also retained an and Andrew Stern. attorney specializing in condemnations, another for and asserted that the officials would never have Robert Moses The event is scheduled for the rezoning fight and a constitutional lawyer from backed a candidate with such antipathy toward Thursday at Carolines on Washington. Mr. Cuomo hasn’t closely followed the case but says he is not reflexively blacks, women or Jews. ap images Broadway; tickets are $300 a “We will remember those who shamelessly person or $500 a couple. opposed to condemnations. “Eminent domain is vital,” he says, speaking generally. “A lot of times you’re forced to take property for the good of the supported him,” the letter concluded. society.” But relocated companies “should be given a fair opportunity to get The threat isn’t idle. Messrs. interested in running for city Appointment near at least something equal,” he adds. Markowitz, Recchia and Stewart comptroller in 2009. for PSC’s board The original Willets Point case, which Mr. Cuomo remembers in exquisite all plan runs for higher office. The Brooklynite would be detail, led to other government confrontations that further raised his profile. joining a crowded Democratic field insiders say the Spitzer He ran for mayor in 1977—Mr. Moses supported him—and was named and would start with a fundraising administration is close to filling a lieutenant governor by Gov. Hugh Carey in 1978. Yassky making deficit. But he has shown the ability seat on the Public Service

comptroller noises to raise money, gathering $1.5 Commission and could name that getty images/landov million in a losing bid for Congress person chairman. Larry DeWitt of the city councilman David Yassky in 2005. Pace Law School Energy Project is the Assembly. Mr. Hunt says. has started calling unions to say he’s Queens council members a finalist and has strong support in Another finalist, Michael Dworkin, is the past chair of the Vermont Public Service Board. Judith Lee, the Still waiting PSC’s acting executive deputy, for word on Javits remains in the running. patrick foye, downstate chairman of the Empire State Development Two-flanked attack Corp., spoke to a gathering of on Styrofoam construction industry officials last week but steered clear of one issue industry is mobilizing to defeat clearly on their minds: the long- state and city bills that would overdue decision on expanding the severely limit the use of Javits Convention Center. polystyrene, best known to Mr. Foye told a Crain’s breakfast consumers as Styrofoam. forum in early May that he The Plastics Foodservice expected to announce a new design Packaging Group and Food and budget for the center within Industry Alliance are most worried weeks. In June, the mayor said a about the far-reaching state bill decision would be announced soon. being pushed by Sen. Liz Krueger, The Spitzer administration has D-Manhattan. Her bill would, been highly critical of the plans left however, let the state Department by Gov. George Pataki, which call for of Environmental Conservation spending $1.8 billion to add just grant annual waivers to businesses 300,000 square feet of revenue- that can show they have no viable providing space, but Gov. Eliot alternative to Styrofoam. Spitzer has yet to approve a better A city bill, written by plan. I Councilman Bill de Blasio, would stop establishments that prepare food from using Styrofoam. But don’t expect the New York State Restaurant Association to join polystyrene producers in fighting the bills. Chuck Hunt, who heads the trade group’s operations in New York City, says savvy restaurateurs are already embracing more environmentally friendly containers. A Styrofoam ban is “going to be like [the one on] smoking—hard to

argue against,” he says.The use of ap images biodegradable products can also be DOWNSTATE ESDC Chairman Patrick Foye is a marketing tool for restaurants, steering clear of questions about Javits.

14 | Crain’s New York Business | September 24, 2007 Project9 9/19/07 3:10 PM Page 1

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www.cushmanwakefield.com CNYB 09-24-07 A 16 9/21/2007 2:13 PM Page 1

WEEK IN REVIEW For daily news updates, go to www.NewYorkBusiness.com

law firm, Milberg Weiss. Mr. ECONOMIC SPOTLIGHT Lerach will serve a one- to two- year prison sentence, forfeit $7.75 million to the government and pay a $250,000 fine.The government also indicted his former partner, Melvyn Weiss, and filed a new indictment against the firm over the kickbacks. Taxi drivers sue over GPS the city’s Taxi Workers’ Alliance and eight taxi drivers sued city regulators in an effort to overturn a requirement that they install global positioning systems in their cabs.The suit claims that the requirement is unconstitutional and seeks punitive damages on behalf of drivers who have already Arab partner for Nasdaq had the systems installed. NASDAQ STOCK MARKET INC. agreed to sell a 20% stake to Borse Dubai, an entity controlled by the Dubai government. Goldman fund The deal, which is facing federal scrutiny and public hanging on criticism, would make Dubai the first Middle Eastern goldman sachs group inc. said government to hold a significant stake in a U.S.-based stock it will not close its Global Alpha Economy Watch market operator. President George W. Bush, with the hedge fund, but nor will it inject any of its own money to save the The NY area price index posted its first month-to-month drop since last No- COMMITTEE ON FOREIGN INVESTMENTS, initiated a review of vember, and the lowest 12-month rise since the period ended in June 2002. struggling fund. Global Alpha lost the deal for potential national-security implications. 22.7% of its value in August; it JULY ’07 AUGUST ’07 COMPARISON bloomberg news now has about $6 billion in assets. NYarea inflation change +0.2% -0.1% +1.9%1 NYC unemployment rate 5.7% 5.7% 4.6%2 will also acquire American Dan Rather sues Express International Deposit Co. Limits on pedicabs AUGUST JOB TOTAL3 12-MONTH CHANGE dan rather filed a $70 million for the value of its assets, which NYC employment delayed by suit 3,704,800 +55,700 lawsuit against CBS Corp., Via- was $212 million as of June 30. 1-Inflation rate for the latest 12-month period. 2-U.S. unemployment rate. 3-Not seasonally com Inc. and the companies’ top the city agreed to delay adjusted. executives concerning his depar- AOL comes to NYC implementation of a pedicab law ture from CBS, which was con- limiting licenses for the bicycle nected to a botched 60 Minutes aol plans to relocate its corporate rickshaws so that a judge can NYC Hotel Stats Broadway Stats story in 2004 that questioned Pres- headquarters to 770 Broadway determine how the rules should be Average room rates and occupancy Attendance and gross have fallen to ident George W. Bush’s military from Dulles, applied.The delay follows a figures took a downward turn in July, levels last seen in September 2006, service during the Vietnam War. Va., next lawsuit filed by pedicab PKF Consulting data show. Aver- The League of American Theatres The former anchor claims that the year. It will owners, who claim that the ages for the first seven months of and Producers says. Data for the week network made him a scapegoat. also create a licenses are being unfairly 2007 were above year-earlier levels, ended 9/16 showed little change new online distributed. at $270.28 and 85.1%, respectively. from those for the same week in ’06. advertising Morgans Hotel network. Dubbed Platform A, the City lawyers up CEO resigns network will sell targeted ad space on AOL Web sites. the bloomberg administration morgans hotel group co.’s hired criminal defense lawyer president and chief executive, CIT sell-off Gary Naftalis to help defend city W. Edward Scheetz, resigned for agencies in a criminal investiga- personal reasons. Director Fred cit group inc. said it will sell tion of last month’s fire at the Kleisner was named interim between $3.5 billion and $4.2 bil- former Deutsche Bank building. president and CEO. He served as lion in mortgage-backed securities The city will offer free legal help CEO of Wyndham International to Freddie Mac.The AAA-rated to any of its workers who face Inc. from 2000 to 2005. securities are backed by mortgages charges related to the blaze. worth about $6 billion. CIT will —from staff reports and Trans fat-free borrow $2 billion from Morgan bloomberg news reports Stanley against its expected about 94% of the 3,300-plus New proceeds from the sale. York City restaurants inspected Capital IQ’s Weekly Deals Report between July 1 and Sept. 1 have eliminated trans fats from their Bazooka maker’s TRANSACTION SIZE spreads and oils, according to the sale approved COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE city’s Health Department. Res- Moody’s Corp. $300.0 Not disclosed GCI taurants that have not complied topps co. shareholders approved Manhattan with the first phase of a citywide the company’s $385 million sale to DataLinx Corp. $30.0 Aricent Inc. SB M&A trans fat ban by Oct. 1 will face Madison Dearborn Partners and Tarrytown, N.Y. fines starting at $200. Michael Eisner’s Tornante Co. Media Performance $0.3 Thomson Intermedia plc SB M&A The deal, which still faces oppo- Monitor America Manhattan sition from dissident shareholders, AmEx sells is slated to close next month. Rent-a-PC n/a Kirtland Capital Partners FB M&A DEUTSCHE BANK Hauppauge, L.I. banking unit AFTERMATH: With Selected deals announced during the week of Sept. 9 for companies headquartered in metro New Lerach guilty the building fire York. n/a Not available. FB M&A: Financial buyer M&A represents a minority or majority acqui- american express co. agreed to under investigation, sition of existing shares of a company with the participation of a financial buyer. GCI: Growth cap- sell its international banking attorney william lerach the city has hired a ital investment represents new money invested in a company for a minority stake. SB M&A: Strategic buyer M&A represents a minority or majority acquisition of existing shares of a company business to London’s Standard pleaded guilty to a criminal defense lawyer. without the participation of a financial buyer. Chartered for about $1.1 billion. conspiracy charge stemming from bekka lindström bekka In early 2009, Standard Chartered a kickback scheme at his former bloomberg news

16 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 17 9/20/2007 2:40 PM Page 1

ACCOUNTING INSIDE Q&A Compliance expert surveys the post-SOX landscape PAGE 18 Tax cheats run up against Spitzer PAGE 21 Largest accounting firms in the New York area PAGE 25

GETTING ACQUAINTED: Recruiting Pete Bible (right) of Amper Politziner & Mattia, and Jason Gioia, an intern and Pace University wars are student. heating up Firms offer scholarships, internships, signing bonuses to attract accounting majors; schools try to shield students

BY TOMMY FERNANDEZ accounting executive Pete Bible has a software system that lets him track the academic status of students at eight universities.With a few keystrokes, he can call up their courses, credits, grade-point averages and other details—all up to the minute. The system,called Pursuit,is not some toy.Mr.Bible uses the data to instantly decide who should be offered scholarships, internships and, ultimately, jobs. Of the 40 students he hires every year, at least 30 are tracked via the software. “We’re buyers in a sellers’market,”says Mr.Bible,head of the New York office of Am- HELP courting students with per Politziner & Mat- scholarships, trips to tia. “You have to do ab- WANTED Disney World, and job of- solutely everything you can WOMEN have fers—complete with signing to tap talent.” trouble getting to bonuses—sometimes even Welcome to the brave the top Page 19 before the start of their sen- new world of college re- MANDATORY ior year. cruiting.In an industry still retirement a boon “All of the accounting reeling from the demands for some Page 23 firms are going after the of the Sarbanes-Oxley ac- same students,” says Jody counting reforms, firms are desper- Queen-Hubert, executive director ate for manpower and are swooping of co-operative and career services down on academic institutions with at Pace University.“It’s gotten to be

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September 24, 2007 | Crain’s New York Business | 17 CNYB 09-24-07 A 18 9/20/2007 3:05 PM Page 1

REPORT ACCOUNTING

companies and In the current accounting to look at the standard, as external auditors we’re underlying supposed to assume there is fraud controls at in the figures.That’s how prevalent companies to it was. Q&A make sure they were adequate, Q: How has it affected the accounting so that investors profession? Sarbanes- could reasonably ANTHONY ZECCA A: It has had a big impact in a few assume financial different ways. statements were free from errors— First, it brought to the surface Oxley’s either intentional or unintentional. the issue of independence. Accounting firms are now Q: Has that been accomplished? prohibited from doing certain kinds footprint A: I believe it has. Look at the of consulting. Before, the larger extraordinary number of financial firms had such large consulting restatements at the beginning of practices, and many times they were Law has brought SOX because errors were caught, getting paid millions and millions some of which affected prior years of dollars to implement financial new revenue stream when companies were just systems that they then had to audit. but also more risk reporting things wrong. That was a conflict.The legislation said, “You can’t do that anymore.” he sarbanes-oxley Q: So there was room for Second, it created a new service. Act,aimed at curbing ac- improvement? Companies weren’t equipped to counting abuses tied to a A: There was tremendous room. In deal with the amount of work host of corporate scan- the past, investors looked at large required for compliance, so they dals, including those at public companies [with] an reached out to accounting firms. I have big dreams. TEnron and WorldCom, is five years assumption of competence. Five years ago, we had about five old. To mark the anniversary, Crain’s Investors believed that companies’ internal-audit-type people; now we I want to get involved and get ahead. assistant managing editor Robert financial staffs always knew what have about 150 who do nothing but Hordt talked with Anthony Zecca, a they were doing and were always Sarbanes-Oxley work.The new New York City is my campus. certified public accountant and an up-to-date on accounting rules. revenue stream has somewhat offset expert on regulatory compliance.Mr. Investors assumed that financial the loss of consulting, but not nearly BARUCH COLLEGE Zecca,60,is the managing partner of staffs were somehow insulated from to the extent that people believe. IS MY SPRINGBOARD. Cohn Consulting Group, a division pressure from management. Third, SOX significantly of J.H. Cohn, the largest independ- In the really dirty cases, earnings increased the risk for accounting ent accounting firm in the Northeast. were fabricated. But many firms now that we have to provide companies, because they were an opinion on the adequacy of a Q: What has been the impact of under so much pressure to deliver public company’s internal control Sarbanes-Oxley? earnings, bent the fence. A lot of over financial reporting. A: Its purpose was to create better them took liberties in how they reporting on the part of public interpreted an area like revenue. COMMENTS? [email protected] Recruiting wars are heating up

Continued from Page 17 To get an edge, firms are beefing Other accounting firms are di- quite a feeding frenzy.” up their recruiting infrastructure. In rectly contributing to institutions. Firms are also trying to win the the past, firms might have an eager KPMG, via its employee gift- support of professors to help them alum and one or two bored junior matching program, donated steer talent their way,sponsoring re- people handling college recruiting. $362,600 to New York universities www.baruch.cuny.edu 24th and Lex, NY NY search and even providing some Now they are putting together teams in fiscal 2007. And BDO Seidman with summer jobs. of 15 to 35 people for each campus. has made significant contributions College officials are already “There are people who are dedi- to Hofstra and other area colleges. pushing back. Ms. Queen-Hubert cating 100% of their time to campus and her colleagues recruiting—that was never the case Early decisions at Pace re- a few years ago,” says Dawn Fay, all of this competitive pressure is HELP cently set up New York City vice president for re- pushing firms to hire students earli- WANTED rules regulat- cruiting firm Robert Half Interna- er in their college careers. If they do ing early hiring tional. “That speaks volumes.” well in summer internships between and signing bonuses. She says many Once they target a campus, the their junior and senior years, many academics are worried that students firms do everything they can to in- will get job offers and will receive are being pushed too hard to make sinuate themselves into students’ signing bonuses if they decide early, career decisions while still in school lives.They find every excuse to visit often before the start of their last and that they need more space. campuses: career days, athletic year of college. Unfortunately, firms can’t help events, dinners, and events related “If you wait too long, the more but push hard.The hiring war comes to accounting honor society Beta talented students may already have down to numbers.About 25 colleges Alpha Psi. They provide free text- jobs,” says John Verdonck, KPMG’s in the tristate area produce account- books and supplies and send their partner in charge of campus recruit- ing talent. A few, like Baruch, can partners to lecture. Many, like An- ing in the Northeast.His office likes graduate up to 600 accounting ma- chin Block & Anchin, provide ré- to hire two-thirds of its annual class jors each year.Many are lucky if they sumé and job interview workshops. straight out of summer internships. can produce more than 100. Others, like Marcum & Kliegman, Generosity with professors is have partners sit on advisory boards also intense. Many of the firms, like Hiring on grand scale to help design courses. KPMG and PwC, invite professors that’s not enough. Pricewater- The deeper the pockets, the to attend seminars and regularly houseCoopers hired 900 students greater the effort to stand out. meet with partners. KPMG and from New York City alone this year. Scholarships are widely available: BDO also are among the firms that KPMG hired 700. BDO Seidman Amper annually offers about half a sponsor faculty research and offer and Grant Thornton each hired dozen scholarships of up to $5,000 summer jobs or residencies. KPMG about 100, while RSM McGladrey each. Students can also compete for also offers scholarships to African- is aiming for 85 and plans to hire $10,000 in prize money in national American and Latino doctoral can- even more in the future. The other academic competitions hosted by didates. 30-plus major accounting firms are PwC.The firm also sponsors honors likewise gobbling up talent. classes. COMMENTS? [email protected]

18 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 19 9/20/2007 6:07 PM Page 1

REPORT

VEN KOCAJ of Deloitte says there was a perception that the accounting environment was not conducive to long- term careers for women.

Amper serves public and private companies around the globe by offering superior service at reasonable fees. Among the services provided are:

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These companies depend on Amper and you can too. For more information on how on par(tner) with Amper can meet your needs, contact us today: Peter R. Bible CPA male colleagues 6 East 43rd Street New York, NY 10017 212.682.1600 no longer around,’’says Robert Arn- “Seeing Beyond the Numbers...” Retention programs ing, managing partner of KPMG’s [email protected] www.amper.com fall short as females New York office.“That’s not a good business model.’’ decide to leave Industry executives say they typ- accounting field ically lose women after about eight years into employment, right at the time their male counterparts are BY JOE CAVALUZZI getting on the management track. Many of them take time off to have Facts and Figures Versus every year, thousands of women children.And while some opt not to fresh out of college join accounting return to work, a surprising number firms. In many cases, just as many do—but not to their former profes- Facts that Figure. women are hired as men. sion. Many go into related fields of But that’s where the equality finance or other careers. stops. Women still make up less than 20% of partners at most firms, Fear of being underutilized To succeed today, a business person must have complete faith in the advice that he or even though they make up 50% to recent studies and surveys show she receives in order to act with confi dence. At Rothstein Kass, our advice does not 60% of the profession overall. that in many cases women were not come pre-packaged or off the shelf. It is always specifi c, highly focused and grounded At a time when coming back to accounting because in the realities of your business. Whether the state of the economy is tranquil, fl uid or turbulent, you can rely on Rothstein Kass to help identify, protect and advance your HELP accounting they were afraid of being under- firms are utilized.They saw other women re- company’s interests. WANTED struggling to turning to work on flexible, part- hire enough peo- time schedules. But those women Rothstein Kass is a professional services fi rm with nearly 50 years of experience ple, the fact that even the Big Four were not being given major accounts and serves both commercial and fi nancial services clients as well as high-net-worth firms can’t retain women long that would allow them to shine and individuals and families. We continue to expand our capabilities across a range of enough for them to reach the upper regain stature in the firm. interrelated disciplines, while extending our reach across the country and, through levels of management is troubling. As Ven Kocaj, a partner at De- strategic alliances, around the world. Most major firms have had pro- loitte for 11 years, puts it, “There grams in place to address the prob- was a perception that the career If you understand the value of a skilled and trusted advisor and would like to fi nd out lem for years, and the ranks of fe- path here or in any public account- how Rothstein Kass can assist you, contact Steven Kass, Co-Managing Principal, at male managers are growing. But ing environment was not going to 973.994.6666 or [email protected]. firms are still trying to figure out be conducive to having a long-term how to eliminate the glass ceiling so career.” that women feel they have a long- In the past, accounting firms in- term future in the accounting pro- stituted retention programs that en- Beverly Hills Dallas fession. abled women to work flexible Denver schedules and included options Grand Cayman Not a good model such as telecommuting. While New York “the firm got very serious about those are still important, new initia- Roseland San Francisco this issue to address the talent drain. tives hinge on making sure flexibil- Walnut Creek Half of the hiring class is women, ity does not come at the cost of and 10 years later a lot of them are See WORKING on Page 20 www.rkco.com CNYB 09-24-07 A 20 9/20/2007 6:12 PM Page 1

REPORT ACCOUNTING

Longcommitment established Working to remove glass ceiling Continued from Page 19 teams help ensure that high-poten- Weiser LLP being able to work on major ac- tial women and minorities are as- Certified Public Accountants counts, a key to advancement. signed to top clients, key sales op- Deloitte, for example, conducts portunities and other roles that will assignment reviews to ensure help them advance. women are represented on all client engagements. The company also Need for innovation to the New York City New York tracks its management pipeline to smaller firms are also working to 135 West 50th Street maintain a talent pool of potential create a better environment for New York, NY 10020 business community women partners and leaders. In women.Joel Cooperman,managing Tel 212.812.7000 some areas of the partner at Citrin Cooperman & Fax 212.375.6888 For nearly a century,Weiser has provided HELP country it Co., realized the need to be innova- Long Island accounting, tax, and consulting services, such holds “men- tive in retaining talented women 3000 Marcus Avenue as state and local tax planning, internal audit WANTED toring cir- eight years ago when an employee Lake Success, NY 11042 outsourcing, and business restructuring, cles,” in which health insurance survey revealed Tel 516.488.1200 to private clients and business enterprises, Fax 516.488.1238 women meet monthly with a female that women outnumbered men for including closely-held and emerging entities, partner, principal or director who the first time in the firm’s 28-year Westchester

in a variety of industries including: lindström bekka 660 White Plains Road serves as a coach. Other offices offer history. Suite 430 • Real estate programs to expose women to sen- “It told me that in the next 20 Tarrytown, NY 10591 • Manufacturing and distribution ior female executives outside the the initiatives reach partnership years, women would be promoted Tel 914.333.0555 • Auto dealerships company. eligibility. on equal terms with me, if we could Fax 914.333.0556 • Media and communication Like most major accounting get them to stay in,” says Mr. Coop- Positive results expected New Jersey • Banking firms, Ernst & Young attempts to erman, adding that the firm’s initia- 399 Thornall Street • Food and dairy retention of women at KPMG retain women by helping working tives include allowing daily time off Edison, NJ 08837 • Health care has improved 23% in the four years mothers balance family and work for family needs. “Now, women are Tel 732.549.2800 • Financial services since it started a network for with flexible hours, reduced sched- making manager at the same rate as Fax 732.549.2898 • Professional services women to meet and exchange ideas ules, seasonal schedules and men. I think it’s gotten easier for www.weiserLLP.com • Not-for-Profit on issues from playing golf to man- telecommuting. women in accounting, but I don’t aging family and work. Mr. Arning But it also has set up gender eq- think that the glass ceiling has been For more information, contact Douglas Phillips at 212.375.6701. expects positive results to show at uity task forces to review the broken in most of the firms.’’ the partnership level in five to sev- progress of women who want to ad- en years as women benefiting from vance in the company. Leadership COMMENTS? [email protected]

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20 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 21 9/20/2007 3:24 PM Page 1

REPORT ACCOUNTING Businesses in crosshairs in state tax crackdown

As New York’s attorney general, While it is hard to know precise- Spitzer launches Mr. Spitzer made news by bringing ly how much tax money the state is campaign to go after high-profile cases against investment losing,researchers say the figure is in firms and insurance brokers.Now he the hundreds of millions of dollars tax cheats; millions in is applying the same headline-grab- at least. A recent study by Cornell bing techniques to the state tax col- University found that New York is lost revenue at stake lection effort.He has already moved losing at least $175 million a year to step up enforcement, hoping that because of just one problem: em- BY STAN LUXENBERG increased prosecution of tax cheats ployers incorrectly classifying work- ers as independent contractors rath- during the summer,the New York er than employees. State Department of Taxation and ‘The governor Finance issued a flurry of press re- Ducking expenses leases announcing criminal actions seems set on by misclassifying the workers,the against 18 people, including Man- employers avoid paying withholding hattan attorneys and restaurant op- scaring people taxes, unemployment insurance and BEEFING UP: William erators, who pleaded guilty to tax workers’comp premiums.The prob- Comiskey is adding and redeploying staff—“only the evasion. into compliance’ lem appears to be particularly severe first steps in recovering The publicity barrage represents in industries including construc- more tax revenue.”

a departure for the department: In tion,trucking and home health care. raab timothy the past, its Web site emphasized “When we developed the esti- consumer news about tax reductions mate of tax losses, we used conser- problem is much bigger than the when they discover companies that and electronic payment services. will serve as a deterrent to others. vative assumptions,” says Fred initial research suggests.” have been misclassifying workers. But anyone who is familiar with “The governor seems set on scar- Kotler, an author of the study on Earlier this month, Mr. Spitzer To lead the tax department’s new Gov.Eliot Spitzer’s career can hard- ing people into compliance by bring- misclassification,who is a policy an- created an interagency task force to effort, the governor named William ly be surprised to see the administra- ing more criminal tax cases,” says alyst at Cornell’s School of Industri- crack down on misclassification.He Comiskey deputy commissioner of tion putting the spotlight on crimi- Alan J. Straus, an attorney and CPA al and Labor Relations.“As we learn signed an executive order requiring tax enforcement.Mr.Comiskey had nal tax cases. in Manhattan. more, we will probably find that the state agencies to inform each other See STATE TAX on Page 22

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September 24, 2007 | Crain’s New York Business | 21 CNYB 09-24-07 A 22 9/20/2007 3:33 PM Page 1

REPORT

Serving the Business Community State tax crackdown

for Over 100 Years Continued from Page 21 of prosecutions will encourage oth- served under Mr. Spitzer as director er businesses to step forward and of the attorney general’s Medicaid pay their back taxes. fraud control unit. “Tax evaders who refuse to fix Meeting your I Real Estate Since coming on in March, Mr. their problems may get a harsh re- Comiskey has been beefing up his ception from us, while evaders who challenges with I Financial and Professional Service Firms criminal unit.He hopes to have hired voluntarily file amended returns innovative 70 more investigators and auditors would get a warmer reception,” says expertise in: I High Net Worth Individuals and Their Families by late fall, more than quadrupling Mr. Comiskey. the staff to a total of 92 people. He’s I Manufacturing, Distribution and Retail also shifting a dozen lawyers from Criminal intent civil to criminal investigations. tax attorney Mark Klein, a part- I Nonprofit Organizations “These are the first steps—and ner in the Manhattan office of Hodg- I only the first steps—in the effort to son Russ, says many businesses that Litigation Services recover more tax revenue,” says Mr. in the past would have faced civil I Comiskey. suits may now find themselves the Media and Entertainment Mr. Comiskey has also assigned defendants in criminal cases. a group of seven investigators to de- For example, he notes, bars are velop better techniques for using supposed to keep a receipt for every data such as credit card records to drink sold.Because it’s hard to man- hunt down tax cheats. The group is age all the paper on a busy Saturday examining retail businesses includ- night, many taverns maintain slop- ing restaurants and gasoline sta- py files. Mr. Klein says that in the tions.The aim is to pinpoint cases in past, businesses that failed to keep which the taxpayers report lower adequate records might have faced sales than their credit card receipts only civil penalties. Not anymore. indicate. Such businesses may be “It used to be that you could wind Certified Public 622 Third Avenue 88 Froehlich Farm Blvd. 660 White Plains Road Accountants and New York, NY 10017-6701 Woodbury, NY 11797-2921 Tarrytown, NY 10591-5107 evading sales and income taxes. up paying a lot of money because of Consultants Tel 212 503 8800 Tel 516 992 5900 Tel 914 524 9000 Once the auditors identify busi- your record-keeping problem,” says Fax 212 370 3759 Fax 516 992 5800 Fax 914 524 9185 nesses that have failed to report sub- Mr.Klein.“Now the state wants you stantial amounts of income, the to go to jail.” state will file criminal charges, Mr. Comiskey says. He hopes that news COMMENTS? [email protected]

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22 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 23 9/20/2007 3:36 PM Page 1

REPORT ACCOUNTING

job market is growing but still rela- tively small, and the veterans often Big 4 retirees extend their careers have their pick of positions. Mr.Waldman,for example, con- has 30 partners.“We got quite a few be at retirement age by 2020. Firms Four are trying to stretch in that di- sidered going outside the profession Forced retirement congratulatory phone calls when of all sizes will have to find ways to rection. Some have begun using to become a chief executive, but is a boon for smaller people heard he was coming here.” use older accountants to meet de- their retired partners as consultants, Holtz Rubenstein offered him an Most major firms have long- mand, experts say. says Janette Marx, senior vice presi- especially appealing spot: partner in firms; obstacles can standing policies that partners must “It’s easier to shift a small organ- dent for recruiter Ajilon Finance. charge of commercial audit devel- retire at a certain age, usually 60. ization than a big [one],” says Dawn The Big Four are generally stick- opment. be overcome That makes room for new partners Fay, regional vice president for re- ing to their guns, however. Though Other firms provide more work- and creates incentives for younger cruiter Robert Half International. that’s good news for smaller ac- life balance. BY ELIZABETH MACBRIDE employees. But how long firms will “But everyone has to be thinking counting operations,including ones Lester Marks, a former Ernst & be able to retain such practices is in about this.” that serve regional markets, compe- Young partner whose practice in- it could have been a retirement question. According to the Ameri- tition for seasoned workers is heat- cluded important sports organiza- bash. Instead, Larry’s Waldman’s can Institute of Certified Public Ac- Heated competition ed.The number of senior-level peo- tions like Major League Baseball, party at KPMG turned out to be a countants, 75% of its members will a few signs indicate that the Big ple from the Big Four who are in the See FORCED on Page 24 send-off to his next job at accounting firm Holtz Rubenstein Reminick. Mr. Waldman, 60, is one of a growing number of partners at Big Four accounting organizations who are facing mandatory retirement but are not ready for the rocking chair.As a result,they’re joining smaller firms. “Sixty is the new 40,’’ says Mr. Heavyweights in the Middle Market. Waldman, who HELP was with KPMG for 34 WANTED years and was managing partner of the firm’s Long Island practice for 12 years. “I just knew I wanted to keep working.” With a shortage of accountants in general,and experienced hands in particular,people like Mr.Waldman are a windfall for firms with more flexible retirement policies.They ar- rive with top-notch training, ideas and connections, as well as the abil- ity to mentor younger professionals. Quite a coup “i just knew I’d love to have this guy,” says Frank Candia, managing partner at Holtz Rubenstein, which istockphoto

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September 24, 2007 | Crain’s New York Business | 23 CNYB 09-24-07 A 24 9/20/2007 3:38 PM Page 1

You focus on what you do best. So do we. REPORT Forced retirement

Continued from Page 23 such high levels, firms must also moved to regional firm Eisner— guard against alienating longtime even bringing along some of his less workers or filling jobs that others Your success is our success... high-profile clients. He now works were counting on getting. While you take a product or idea from three days a week “We want to make sure that this start to finish, our team of accountants and business advisors help you navigate HELP and loves his is an add-on, a way to expand the through the challenges and opportunities facing your business. WANTED new job. business in a different way,”says Bob We provide: “It’s a Wilson, senior director of human great experience resources for RSM McGladrey Inc., Innovative Solutions here,” Mr. Marks says. “It’s not a fast-growing Minneapolis firm Professional Excellence predatory at all; there’s no cutthroat Personalized Service pricing.” In connection with: Former Big Four partners join- Firms will have • SEC Compliance Services • Corporate Recovery ing a regional group at a full work- • Assurance Services • Sarbanes-Oxley Consulting Services load are typically given pay packages to utilize older comparable to their previous com- • Family Office • Personal Financial Planning • Corporate Management pensation, Ms. Marx says. professionals Services • Tax Advisory Services Services There are some obstacles,includ- ing cultural differences. Big Four to meet demand firms tend to be more formal, and We provide practical business advice and the strategic thinking necessary to age can sometimes widen the gap. adapt to change and prosper in the future. “I don’t agree with the casual dress code,” says Mr. Marks, who good-naturedly tries to persuade with offices in New York. It has younger colleagues at Eisner to wear hired half a dozen Big Four partners suits more often. “Chinos are for here over the past three years. cleaning the garage.” The challenges are minor,accord- In most cases,smaller groups and ing to Mr. Wilson. “I hope the big the principals they’re bringing on firms don’t change their policies,” he must be sure that a position doesn’t says.“These are very valuable people, www.mahoneycohen.com • 1065 Avenue of the Americas • New York,NY 10018 • 212-790-5700 violate a noncompete agreement, and I’d like to keep hiring them.” which most accounting firms ask partners to sign. When hiring at COMMENTS? [email protected]

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24 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 25 9/20/2007 7:23 PM Page 1

REPORT ACCOUNTING

COST OF COMPLIANCE THE BIG FOUR’S SHARE The accounting industry has been a major beneficiary of the Sarbanes-Oxley Act. The charts below illustrate how audit fees have By number of NY area professionals in 2007 increased since SOX was enacted in 2002. The first shows the fees for the five top firms on Crain’s list of the area’s largest public companies; the second shows the average fee for all 250 companies.

’01 FEES, ’06 FEES, COMPANY IN MIL. IN MIL. % CHANGE Citigroup $24.7 $52.9 +114.2% American International Group $15.5 $87.7 +465.8% J.P. Morgan Chase $18.4 $38.3 +108.2% International Business Machines $12.2 $27.3 +123.8% Verizon Communications $5.1 $28.2 +452.9% Source: Standard & Poor’s Compustat bekka lindström bekka New York Area’s Largest Accounting Firms Ranked by number of area professionals

2007 NY area 2007 NY area 2006 audit and 2007 management firmwide Managing partner(s) 2007 NY area 2006 NY area accounting NY area tax advisory services 2007 firmwide revenues Rank Firm Phone/Web site in New York area office professionals1 professionals2 professionals professionals professionals professionals1 (in millions)3

Deloitte & Touche USA 4 (212) 436-2000 Gregory T. Durant 7,439 6,890 3,858 1,498 2,083 32,483 $9,849.0 5 2 World Financial Center www.deloitte.com/us 1 New York, NY 10281

KPMG 6 (212) 758-9700 Robert F. Arning 5,022 7 4,508 1,255 873 932 90,935 $16,900.0 345 Park Ave. www.us.kpmg.com 2 New York, NY 10154

PricewaterhouseCoopers 4 (646) 471-3000 Brendan P. Dougher 4,688 3,936 2,520 1,420 748 115,614 $22,000.0 300 Madison Ave. www.pwc.com 3 New York, NY 10017

Ernst & Young 4 (212) 773-3000 Mark Manoff, 4,423 8 4,298 2,844 1,165 34 98,659 $18,400.0 5 Times Square www.ey.com Carmine DiSibio 4 New York, NY 10036

RSM McGladrey Inc./McGladrey & (212) 372-1000 Donald A. Lipari, 777 719 495 206 76 6,298 n/d Pullen/Goldstein Golub Kessler 9 www.rsmmcgladrey.com Steven J. Mayer 5 1185 Sixth Ave. New York, NY 10036 Grant Thornton 10 (212) 599-0100 Jack Katz 638 582 419 142 77 4,501 $885.9 11 666 Third Ave. www.grantthornton.com 6 New York, NY 10017

J.H. Cohn 12 (212) 297-0400 Robert DeMeola 604 526 361 126 117 788 $175.3 1212 Sixth Ave. www.jhcohn.com 7 New York, NY 10036

BDO Seidman 4 (212) 885-8000 Alan Sellitti, 524 491 n/d n/d n/d 2,223 $558.0 11 330 Madison Ave. www.bdo.com Robert Pedersen 8 New York, NY 10017

Weiser (212) 812-7000 Douglas A. Philips 500 475 372 103 25 500 $110.0 135 W. 50th St. www.weiserllp.com 9 New York, NY 10020

Amper Politziner & Mattia 13 (212) 682-1600 Peter Bible, 411 378 239 85 87 423 $85.0 6 E. 43rd St. www.amper.com Philip H. Politziner 10 New York, NY 10017

Eisner 12 (212) 949-8700 Charly Weinstein 403 394 230 120 53 403 $105.0 750 Third Ave. www.eisnerllp.com 11 New York, NY 10017

Marcum & Kliegman (212) 981-3000 Jeffrey M. Weiner 400 350 210 135 55 400 $75.0 655 Third Ave. www.mkllp.com 12 New York, NY 10017

Rothstein Kass (212) 997-0500 Steven Kass, 380 361 309 71 0 14 583 $95.0 1350 Sixth Ave. www.rkco.com Howard Altman 13 New York, NY 10019

Berdon (212) 832-0400 Stanley H. Freundlich 374 349 138 127 109 374 $73.0 360 Madison Ave. www.berdonllp.com 14 New York, NY 10017

Marks Paneth & Shron (212) 503-8800 Steven C. Baum, 330 309 210 83 37 330 $72.0 622 Third Ave. www.markspaneth.com Arnold A. Gruber 15 New York, NY 10017

Anchin Block & Anchin 6 (212) 840-3456 James Anchin, 281 261 195 74 12 281 $85.0 1375 Broadway www.anchin.com Frank A. Schettino 16 New York, NY 10018

Continued

September 24, 2007 | Crain’s New York Business | 25 CNYB 09-24-07 A 26 9/20/2007 7:27 PM Page 1

REPORT ACCOUNTING

2007 NY area 2007 NY area 2006 audit and 2007 management firmwide Managing partner(s) 2007 NY area 2006 NY area accounting NY area tax advisory services 2007 firmwide revenues Rank Firm Phone/Web site in New York area office professionals1 professionals2 professionals professionals professionals professionals1 (in millions)3

Citrin Cooperman & Co. (212) 697-1000 Joel A. Cooperman 235 181 145 75 15 235 $48.0 529 Fifth Ave. www.citrincooperman.com 17 New York, NY 10017

Mahoney Cohen & Co. 13 (212) 790-5700 Mark D. Garten 215 200 154 56 5 240 $56.7 1065 Sixth Ave. www.mahoneycohen.com 18 New York, NY 10018

O’Connor Davies Munns & Dobbins (212) 286-2600 Kevin J. Keane, 215 200 175 35 5 225 $36.5 60 E. 42nd St. www.odmd.com Thomas P. Dobbins 18 New York, NY 10165

Schonbraun McCann Group (212) 840-7383 Bruce S. Schonbraun 212 161 47 72 93 212 $45.6 750 Third Ave. www.smgllp.com 20 New York, NY 10017

Friedman (212) 842-7000 Bruce A. Madnick 206 184 163 35 8 206 $43.3 1700 Broadway www.friedmanllp.com 21 New York, NY 10019

Margolin Winer & Evens (212) 973-1000 Teddy Selinger 198 194 159 35 4 198 n/d 330 Madison Ave. www.mwellp.com 22 New York, NY 10017

Rosen Seymour Shapss Martin & Co. (212) 303-1800 Fred Shapss 183 175 136 43 4 183 $30.0 757 Third Ave. www.rssmcpa.com 23 New York, NY 10017

Holtz Rubenstein Reminick 6 (212) 697-6900 Francis J. Candia 162 152 98 45 19 162 $36.0 1430 Broadway www.hrrllp.com 24 New York, NY 10018

Grassi & Co. (516) 256-3500 Louis Grassi 102 85 68 21 13 102 n/d 2001 Marcus Ave. www.grassicpas.com 25 Lake Success, NY 11042

New York area includesNewYorkCity andNassau,Suffolk andWestchester countiesin NewYork, and Bergen, Essex, Hudson andUnion countiesin New Jersey. Crain’sNewYork Business usesstaff research, extensive surveys and the most current references availabletoproduce its lists, but there is no guarantee that the listings are complete. To qualify for this list, firms musthave an office in the NewYork area. All information wassupplied by the firms. In caseoftied figures, firms are listed alphabeticallyunder the same ranking number. n/d Not disclosed. 1-Full-timeand full-time-equivalent, as of June 30. 2-Full-timeand full-time-equivalent, as of Dec. 31. 3-Revenue figures for firms with fiscal years ending in May through December are for the year endedin 2006, and revenue figures for firms with fiscal years ending in January through April are for the year endedin 2007. 4-Fiscal year ends June 30. 5-For fiscal year ending June 30, 2007. 6-Fiscal year ends Sept. 30. 7-A total of 1,962 professionals practicesin client support services. 8-A total of 380 professionals practice in transaction advisory services. 9-RSM McGladrey Inc.,McGladrey &Pullen and GoldsteinGolub Kessler are affiliated through an alternative practice structure. 10-Fiscal year ends July 31. 11-Net revenue. 12-Fiscal year ends Jan. 31. 13-Fiscal year ends March 31. 14-Firmdoes not offer this service. Research: Denise Southwood, Adrianne Pasquarelli and Sarah Studley

26 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 27 9/20/2007 7:12 PM Page 1

BUSINESS BREAKFAST FORUM THIS WEEK ON

Resources Get easy links to MEET LOWER MANHATTAN’S DEVELOPMENT CHIEF government agencies, industry groups and other organizations that Avi Schick, Chairman of the Lower Manhattan can assist businesspeople in the New York area. Development Corporation, will discuss developments at Events View a current listing of the World Trade Center and other projects under way local meetings, seminars and other networking events of interest to downtown. He will be questioned by Crain’s editor Greg Real Estate Insider Sign up for local businesspeople. David and another journalist. Crain’s Real Estate Insider, a weekly Subscribe Use the “Subscribe now” Avi Schick e-mail newsletter featuring the latest button to get the weekly print edition DATE: THURSDAY, OCTOBER 11, 2007 deals, events and personnel moves of Crain’s, as well as digital in one of the hottest industries. Go subscriptions to the newspaper, the PLACE: Hilton New York 1335 Avenue of the Americas to www.NewYorkBusiness.com/ daily Insider political newsletter and between 53rd and 54th streets signup. the daily Pulse health care Breaking news E-mail alerts from newsletter. TIME: Networking Breakfast 8:00–8:30 a.m. Crain’s keep you up-to-date about Crain’s offers Program 8:30–9:30 a.m. the most important business stories readers free two- of the day. week trial COST TO ATTEND: subscriptions to Company alerts Visitors to the Web $60 for individual ticket(s) $600 for table(s) of ten site can sign up for e-mail alerts the two online if pre-registered by Oct 4th if pre-registered by Oct 4th that provide news about a particular newsletters. Visit business. the Web site, $70 thereafter. $700 thereafter. and click on (American Express, Visa or MasterCard only) Online polls Express your opinions Health Pulse or To register go to newyorkbusiness.com, or fax your business card and credit card information to “Schick about key issues Insider under Breakfast” at 212-210-0499. of the week. “Features” on YOU MUST BE PRE-REGISTERED TO ATTEND THESE EVENTS. Back issues Use the upper left ALL TICKETS ARE NON-REFUNDABLE. FOR MORE INFORMATION, CALL THE EVENTS HOTLINE AT 212-210-0739. the archives to side of the home SPONSORED BY: find Crain’s stories page. In the blue in any previous tools box, click edition of the on “Request a paper. Free Trial.”

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September 24, 2007 | Crain’s New York Business | 27 CNYB 09-24-07 A 28 9/20/2007 3:45 PM Page 1

SMALL BUSINESS

Entrepreneurs seek advice at Columbia IN A NUTSHELL SMALL BUSINESS M.B.A. students The club assigned a battery of 10 up a tiny 1,100-square-foot plant, listed the consultants’ aid on a sec- CONSULTING graduate students to analyze the churning out product by hand. ond project. PROGRAM provide expert aid; plan from all angles. “We were busy producing,but we In the end, they persuaded Mr. really needed to know how much it Act II FOUNDED 1998 theater group gets Wilkerson and his team to scrap the was costing us and how to expand early in 2006, a team of students COMPANIES marketing boost idea. “We decided it was premature and make a profit,” says Bob Mc- assisted Ms. Thomas in writing a COUNSELED IN for us to open the central bakery be- Clure. The Brooklynite freely ad- business plan for her fledgling non- 2006-07 30 fore we had the business to support mits the obvious: He and his broth- profit. During the past academic BY JON KALISH it,” he says. er have no business background. year, a second team helped her mar- STUDENTS PARTICIPATING Little Pie Co. is one of dozens of The Columbia consultants sug- ket Thirteenth Night’s latest pro- IN 2006-07 102 ntrepreneurs are small outfits that have turned to gested ways to speed up production, duction, Estimated Time of Arrival. TEAMS 30 people blessed with vi- the Columbia club for help. Free including the use of machinery.The “They did tons of surveys and sion and boldness, but advice is supplied by teams of targeted specific groups,” says Ms. FOR MORE INFORMATION sometimes, a second M.B.A. students, who in turn have Thomas. “It actually increased tick- www.gsb.columbia.edu/ opinion about a critical access to as many as six mentors pro- The club has et sales.” students/organizations/sbcp Eissue can save the day.Arnold Wilk- vided by management consulting This academic year, the club has erson found that out a couple of firm McKinsey & Co. already taken already taken on 55 firms, including years ago after he came up with a Businesses interested in taking Global Gophers. Operating out of give us some sort of strategy and tell plan to revamp the production advantage of the club’s services sub- on 55 firms this New York and New Jersey,the Web- us if our price points are on target.” process at Little Pie Co., which he mit applications, which are evaluat- based service offers to buy goods at Of course, the various entrepre- and a partner had founded 20 years ed ahead of each school semester. In academic year stores in the United States,Australia, neurs are not the only ones benefit- earlier. the final phase of the selection pro- France and two other countries and ing from Columbia’s consulting pro- The company’s three retail loca- cess, entrepreneurs are asked to at- ship them anywhere in the world. gram: So are the students. tions were doing well,but Mr.Wilk- tend a student/client mixer at which Global Gophers has fulfilled “They find in their [job] inter- erson thought that he could increase they plead their cases. about 1,500 orders so far this year, views that they actually have some- efficiency and maximize the growth Bob McClure of McClure’s McClures are studying the recom- but Mel Tolhurst, chief operating thing tangible to talk about,like,‘This potential of his concept by central- Pickles went to the mixer last year, mendations. officer, complains that the enter- is what I did with this company, and izing baking at a single large facility. shortly after he, his brother Joe and Sarah Megan Thomas, the artis- prise is “sort of stuck.” this is what we achieved,’ ” says Sonja their parents decided to start selling tic director of Thirteenth Night “We have a lot of business with Kosman,president of the Small Busi- The old college try jars of the popular treats that they Theatre Company in Manhattan, one particular customer, but we re- ness Consulting Program. “They’re to test his theory, he contacted had been giving away to friends in took advantage of the small business ally need to attract others,” he says. finding that really helpful.” the Small Business Consulting Pro- Detroit and New York for years.The program last year and was so im- “We’re hoping that [the Columbia gram at Columbia Business School. Michigan-based company started pressed with the results that she en- students] can do a market analysis, COMMENTS? [email protected]

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28 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 29 9/20/2007 7:45 PM Page 1

FREE TRIALS NY Times’ best-seller lists get longer OF HEALTH PULSE CRAIN’S OFFERS READERS two- Sunday Book Review Book Review—when bigger sections,” Mr. it with another section, and other week trial subscriptions to Crain’s their titles are New Tanenhaus says. He newspapers around the country have Health Pulse. This separates paperbacks, York Times best sellers. points out that space cut or eliminated book coverage. online newsletter Under the new for reviews has grown on the business of Ad revenue rising ranks 40 more titles arrangement, the Book since he took over the health care is avail- in ad-driven move Review will list 110 review in 2004, and meanwhile, ad revenue at the Book able by 6 a.m. best sellers every that advertising rev- Review grew 10% last year, accord- daily. Subscrip- week, up from 70. enue growth has paid ing to Vice President of Business BY MATTHEW FLAMM tions are $295. It will lose a page of for it. Development Todd Haskell, and is For a free trial, go editorial space, but the In fact, the Book on track to grow another 10% this to www.NewYorkBusiness.com the new york times Book Review section may get it back Review is one of the year. Book-related ad revenue on- and click on Health Pulse under is redefining and expanding its best- if the new layout suc- rare successes among line is up 131% so far this year, Mr. seller lists. ceeds in bringing in more advertising. newspaper book sections. The Los Haskell says. “Features,” on the upper left side On Sunday, the Book Review “It’ll be a week-to-week ques- Angeles Times recently reduced the of the home page. launched two separate lists for pa- tion if the support is there to give us size of its book review and combined COMMENTS? [email protected] perback fiction:one for mass market titles and one for the larger,more ex- pensive trade paperback format. The Book Review will continue to rank nonfiction paperbacks on one list. Each paperback list will run 20 titles, up from 15 in the current arrangement. Both the hardcover and paperback lists in the Advice, How-To and Miscellaneous catego- ry will also expand,going to 10 titles each from five. The changes were part of a redesign of the section. The changes to the Book Review came the same week the Times dropped its two-year-old subscrip- The Book Review will list 110 best- sellers every week, up from 70

tion program, Times Select, which charged readers for online access to Op-Ed columns and the paper’s archives.The program had generat- ed about $10 million a year in sub- scription revenue, but turned away traffic that was becoming increas- ingly valuable to advertisers. Trade format gets more space the addition of a new paperback fiction list reflects the growing im- portance of trade paperbacks among literary publishers, which are in- creasingly using the format for young and emerging writers. Some of those books were often kept off the best-seller list by mass market ti- tles, which are sold in huge quanti- ties at big-box retailers. “Now you have a list that corresponds closely to what we review in the section and what we gauge our readers to be in- terested in,” says Sam Tanenhaus, editor of the Book Review. Business considerations at the Times are also playing a role in the changes.The paper has seen a steady erosion of advertising revenue in the last few years. Book publishing in- siders say that adding a third page of lists is clearly aimed at boosting ad- vertising. Visa’s smart, simple and secure payment options enable small business owners “It’s completely ad-driven,” says BUSINESS a top executive at one of the major to fulfill their dreams. For more information, go to Visa.com/smallbusiness. TAKES houses. “People want to buy a posi- tion next to the lists.” Publishers are also more likely to ©2007 Visa U.S.A. Inc. buy ads—whether in the weekday book pages of the Times or in the

September 24, 2007 | Crain’s New York Business | 29 CNYB 09-24-07 A 30 9/20/2007 7:48 PM Page 1

LAS VEGAS is a popular destination for international As demand grows, airlines travelers, who rank it among their must- see U.S. cities. say, ‘Viva, Las Vegas!’

attract more international cus- rants and shopping for its jump in American, other tomers: fly from New York to Vegas, visitors. carriers add nonstop baby! American Airlines is hoping to The airline started its first non- capitalize on the city’s internation- flights from New stop flight from John F. Kennedy al appeal by offering easy transfers York to Sin City International Airport to Las Vegas from its inbound Europe flights. this month, with a schedule geared The airline currently offers non- to its European flights arriving at stop service from Brussels, Zurich, BY HILARY POTKEWITZ JFK. London, Milan and Barcelona to Las Vegas’ popularity as a desti- New York. american airlines is betting it has nation has been growing dramati-

corbis come up with a winning strategy to cally in recent years, especially Making connections among international visitors and “to make those flights success- business travelers. ful, we’re looking for good connect- Airlines have been responding, ing opportunities, like Vegas,” says adding Las Vegas Chuck Imhof, to their New York American Air- flight schedules in About 945,000 lines’managing di- an effort to grab a rector of opera- share of some of passengers tions for greater the lucrative mar- New York. ket that has prima- flew from NY “Most people rily belonged to assumed we al- JetBlue Airways to Las Vegas ready flew nonstop and Continental to Vegas. But the Airlines in recent last year reality is, we’ve years. been flying about “There always 2,000 to 3,000 seems to be room passengers per for one more Las month from New Vegas flight,” says York on connec- Ray Neidl, airline analyst at Calyon tions through Dallas and Chicago,” Securities. he adds. About 945,000 passengers flew The new route is likely to provide from New York to Las Vegas last a moderate boost to the airline’s Eu- year, 21% more than five years ago, ropean operations at JFK, says Mr. according to the Las Vegas Conven- Neidl. tion and Visitors Authority. Las Vegas has also been attract- Not surprisingly, the number of ing increasing numbers of business flights from New York has in- conventions, as corporations and creased sharply. Next month, 23 trade groups have been avoiding flights per day are scheduled from hurricane hot spots such as New New York area airports to Las Ve- Orleans, Orlando and the Carib- gas’ McCarran International Air- bean. port, a 35% jump in daily flights since Oc- tober 2003. GETTING THERE Airlines say they Scheduled nonstop flights from New York to Las Vegas are just responding to for October 2007. demand. Since 2004, JetBlue has offered DAILY five daily flights from AIRLINE FLIGHTS AIRPORT JFK, while Continen- Continental Airlines 7 Newark tal has increased its daily flights from US Airways 6* JFK and Newark Liberty Inter- Newark national Airport to JetBlue Airways 5 JFK seven from five. In the Delta Air Lines past year, since acquir- 4 JFK ing America West, US American Airlines 1 JFK Airways has jumped TOTAL 23 into the Vegas game, *U.S. Airways operates three daily flights from JFK and three daily flights launching three daily from Newark flights each from JFK Source: Las Vegas McCarran International Airport and Newark to the Nevada resort city, while Delta Air Lines increased its The city was the second-ranked daily flight count from JFK to four, business-travel destination out of up from two last year. the New York area airports this summer, according to Orbitz for Among the top 5 Business—a big jump from the as the country’s No. 1 port of en- summer of 2006, when Sin City try, New York greets more U.S.- didn’t even crack the top 10. Los bound travelers than any other city, Angeles was No. 1. and international travelers ranked “Vegas has done extremely ag- Las Vegas in the top five must-see gressive marketing for group travel,” cities in the continental United explains Jim Cohn, a senior manag- States last year, according to State er for corporate travel for Orbitz Department statistics. Worldwide.“Plus,you can’t beat the Travel professionals credit Las weather.” Vegas’ aggressive marketing cam- paigns and growth in shows, restau- COMMENTS? [email protected]

30 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 31 9/20/2007 7:21 PM Page 1

“I’ve also had M.B.A. from Columbia announced a couple of that he wanted to open a restaurant. Restaurant group’s lobbyist bombs that I lost “I told him to see a psychiatrist,” my shirt on,” Mr. Hunt says. notes Mr. Hunt, Despite the warning, Kevin is 71. “It’s a risky hunting for a location. When he takes bite out of menu rule business. I look opens his eatery,the right man will be in the mirror representing him at City Hall: Dad. the ruling, he says, city officials “saw tels there that catered to military every morning “He’s got the depth and breadth Persuasive official no room for any compromise.” Mr. personnel. and thank the of experience in the industry from a helps overturn local Hunt is awaiting the city’s next Lord that I don’t lot of different angles, which is sec- move before he cooks up a new plan U.S. success Chuck Hunt own a restaurant ond to none, really,” says Robert mandate; awaiting of attack. returning stateside, he was hired anymore.” Bookman, counsel to the New York city’s next move Mr. Hunt’s empathy for the in- by hotels and restaurants in Balti- Yet there is no shortage of others Nightlife Association, which re- dustry comes from having spent a more, Washington, Chicago, New who aim to follow his lead. cently became a chapter of Mr. lifetime in food-related fields. He York and Boston before opening his “I get budding restaurateurs who Hunt’s organization.“They couldn’t BY ERIK ENGQUIST grew up on a dairy farm in upstate own eatery,Gulliver’s,in Port Ches- call for advice,and I’m happy to help have a better representative here in Oswego County, was a chef ’s help- ter, N.Y. He later launched many them,” Mr. Hunt says. the city.” don’t tell chuck hunt you can’t er in his teens, went to Germany more, including Olliver’s in White One inquiry came from his old- fight City Hall. As the New York with the Army and worked in ho- Plains, which had a 20-year run. est son, Kevin, who after getting an COMMENTS? [email protected] State Restaurant Association’s top official in New York City, that’s his job. And when he wins—as he did this month, when a judge cut down a city regulation requiring chain restaurants to post nutritional infor- mation on their menu boards—the victory is as sweet as a McDonald’s ice cream sundae. To be sure, association lawyers, not Mr. Hunt, convinced the judge that the rule conflicted with fed- eral law. But it was the septuagenar- ian lobbyist who successfully cast fast-food establishments as victims of government zealotry, using the sociable manner he cultivated dur- ing four decades of running restau- rants before he joined the associa- tion in 1998. Hunt v. Health Department in the menu-labeling case, the Bloomberg administration’s health commissioner,Dr.Thomas Frieden, demanded that restaurants current- ly providing calorie counts do so in type as large as that used for prices. Eateries not offering any data were let off the hook. “The companies that were af- fected were already providing that information. They just weren’t do- ing it in the way the Health Depart- ment wanted it done,” Mr. Hunt says.“It was really a case of ‘no good deed goes unpunished.’ ” The city could appeal the judge’s decision or rewrite its regulation to align with a federal law, which would cover even more restaurants. “We’re very concerned,” Mr. Hunt admits. In settlement talks held before

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September 24, 2007 | Crain’s New York Business | 31 CNYB 09-24-07 A 32 9/20/2007 3:40 PM Page 1

REAL ESTATE DEALS Executive search firm seeks, finds more space

west and moves to 1114 trance is on West 42nd to CoStar Group Inc. drick & Struggles. Heidrick & Struggles Sixth Ave., better known Street. For the six months ended June —theresa agovino moving to 6th Ave.; as the Grace Building. Heidrick & Strug- 30, Chicago-based Heidrick & The firm recently gles, which is currently Struggles reported earnings of Carlyle Group signed a 15-year lease located at 245 Park $31.3 million on revenue of $303.2 Investment firm for the building’s entire Ave.,between East 46th million. closes the gap takes another floor 24th and 25th floors, and East 47th streets, Brookfield acquired the Grace about 60,000 square will move in the second Building when it bought Trizec there’ll be no more gaps at The xecutive search firm feet, according to a half of next year. Rents Properties Inc. last year. Duncan Carlyle Group. Heidrick & Struggles spokeswoman for at the 1.5 million- McCuaig, who is a leasing repre- The private equity firm, one of International Inc. will building owner Brook- square-foot Grace sentative at Brookfield, managed the world’s largest, recently signed a be doubling its space in field Properties Corp. Building average $105 a the deal. Alan Desino of CB lease to rent the entire 40th floor, midtown as it heads The building’s main en- Grace Building square foot, according Richard Ellis Inc.represented Hei- about 22,000 square feet, at 520 E Madison Ave., between East 53rd and East 54th streets. The firm already occupies the 39th floor, as well as floors 41 through 43. The asking rents at the building are between $120 and $165 a square foot. The firm is expected to move in next year, according to a spokesman. He says the firm needs more space for additional staff.The firm has more than 200 employees in New York. Sources say the long-term lease was written to expire along with the other existing leases, but it was un- clear when that would happen. —theresa agovino Audio book service opening in hotel simply audiobooks,a membership service for people who like to listen to recordings of books instead of reading them, has signed a lease for a 900-square-foot store in the Roo- sevelt Hotel at 40 E. 46th St.,between Vanderbilt and Madison avenues. The Toronto-based company chose the midtown location to tap the commuter traffic at Grand Cen- tral Terminal, says Lori Peddrick, the Rice & Associates broker who negotiated the 10-year deal for the tenant. Doug Rice, a principal at Rice & Associates, represented the hotel.The asking rent was $105 per square foot. Slated to open by Christmas, it will be Simply Audiobooks’ first U.S. location.The company opened a store in Toronto earlier this year and plans to open more stores in London, Chicago, Los Angeles and

MAKING A CASE FOR TEAMWORK. Ellen L. Shapiro One Chase Manhattan Plaza, 35th Floor New York, NY 10005-1417 T 212.440.4400 F 212.440.4401

CALIFORNIA :: DELAWARE :: FLORIDA :: NEW JERSEY :: NEW YORK :: PENNSYLVANIA :: VIRGINIA :: WASHINGTON, DC SIMPLY AUDIOBOOKS, based in Toronto, will open a store near Grand Central by Christmas.

32 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 33 9/20/2007 3:42 PM Page 1

REAL ESTATE DEALS

San Francisco by the end of 2008. gotiated the Third Avenue deal for nies in the Hudson Square area. It He says the agency outgrew the Simply Audiobooks, which Qdoba. “They’re moving quickly.” recently signed a 10-year lease for 5,000 square feet it had been renting started as an online service, works Broker Michael O’Neill of 17,000 square feet of space at 175 at 135 Spring St. much the same way as Netflix, the Cushman & Wakefield Inc. repre- Varick St. The additional space will allow popular online movie rental busi- sented building owner Eastgate Re- AKQA will occupy the top floor the firm to add about 40 more peo- ness. Customers pay a monthly fee alty Corp.The asking rent was $175 of the 10-story building. Rent is in ple over the next 12 months, bring- for unlimited audio book rentals, per square foot. the mid-$40s per square foot, says ing the total number of employees in and they set up a list of the books Qdoba is slated to open the store Martin Meyer, a broker at GVA Manhattan to 100, Mr. Wieynk they want to receive. Members can by the end of the year. Williams, who represented the says. choose to either receive CDs in the —elisabeth butler cordova landlord. The space’s great natural light mail—the company pays shipping AKQA is in temporary space in and roof access helped seal the deal. both ways—or download MP3s the building now but hopes to “I wanted a relaxed, creative envi- from their computer. Ad agency expands move into its permanent home ronment. I wanted something a bit At the Manhattan store, whose in Hudson Square sometime in November, says Guy different,” he explains. entrance will be on East 46th Street Wieynk, managing director of the AKQA was represented by E.N. between Vanderbilt and Madison digital ad agency AKQA is join- San Francisco-based agency’s New Cutler of Newmark Knight Frank. 175 VARICK ST. houses the AKQA ad agency, avenues, customers will be able to ing scores of other media compa- York office. —theresa agovino which is moving to the top floor. sign up for a membership without setting up an account online. And online members who use the mail option rather than the download service will also be able to exchange their rentals in the shop. Simply Audiobooks offers more than 30,000 titles, including popu- lar fiction such as the Harry Potter series,nonfiction books,profession- al lectures and study guides. The fees are a little pricier than what Netflix charges.To receive two books at a time, members pay $24.95 per month, unless they pre- pay for a year,which reduces the cost to $20.95 a month. —elisabeth butler cordova Mexican grill targets midtown qdoba mexican grill is bringing more burritos to Manhattan. The fast-food chain recently

875 THIRD AVE. will be the site of the first company-owned Qdoba grill in the city.

signed a 10-year lease for a 3,000- square-foot space at 875 Third Ave.,at East 53rd Street. It will be the first company- owned Qdoba in the city. San Diego-based Jack in the Box Inc., which owns the restaurant chain, plans to open as many as 20 more lo- cations in Manhattan in the next couple of years. All of the company-owned stores will be located south of Houston Street and north of 34th Street.The territory between those corridors belongs to a Qdoba franchisee, who opened the city’s first Qdoba at 208 E. 34th St. earlier this year. Mid- town is Qdoba’s biggest target. “Their focus is the lunch busi- ness,” says Andrew Mandell, a Rip- co Real Estate Corp.broker,who ne-

September 24, 2007 | Crain’s New York Business | 33 CNYB 09-24-07 A 34 9/20/2007 8:29 PM Page 1

whom he would not name. “Once we get the official approval by the Subway cell service faces hurdles board, we will proceed to discus- sions with carriers.” A spokesman for Sprint Nextel the service to their customers. outfit six downtown Manhattan sta- challenge will be getting carriers to says the company will review the Vote to approve Next week,the board of the Met- tions within two years and complete participate.Wireless companies will fees and determine if it makes sense builder doesn’t ropolitan Transportation Authority the system in the rest of the stations have to determine if offering service for the company to participate. is expected to vote in favor of letting in the next four. But before people on subway platforms and stairwells assure provider Transit Wireless, a consortium of can start using their phones in the will benefit them, analysts said. In the dark four telecom and construction com- subway,carriers will have to agree to “It is a business issue,” says Ellen verizon wireless and T-Mobile participation panies, build a cell phone network pay Transit Wireless fees to offer the Daley, an analyst at Forrester Re- would not comment on their plans. for the subway. service to customers. search. “Carriers have to assess AT&T Wireless, which led a com- BY AMANDA FUNG Transit Wireless would pay New whether it is worthwhile.’’ peting consortium made up of York City Transit at least $46.8 mil- Traffic ahead “We are confident that carriers providers, declined to comment be- new york city transit is one step lion over 10 years, according to the some question how Transit Wire- will respond,” says Gary Simpson, cause the MTA had not informed it closer to building a cell phone net- MTA.The group would also spend less will recoup what it has to spend chief executive of Nab Construction that its bid had been rejected. work in its 277 subway stations, but an estimated $150 million to $200 to build the network. Wiring sta- Enterprises, a member of the con- The MTA began accepting bids it remains to be seen if mobile phone million to install the network. tions will be a technical hurdle but sortium. He says that he has already to build a cell phone network in late providers are going to pay to offer Transit Wireless says it would once the network is operational, the received a call from a provider, 2005. It says it selected Transit Wireless—which, in addition to Nab,is made up of Dianet Commu- nications Inc., Q-Wireless and Transit Technologies—because the group’s bid included more money than any of the other three offers.

COMMENTS? [email protected] You provide Discounts fi nancial reports. for visitors to NY state JetBlue, others give travelers breaks as part of ad campaign

BY KIRA BINDRIM

it will cost a little less to travel in New York state this autumn because several corporations have agreed to offer discounts as part of a fall “I n New York” campaign. JetBlue Airways and Cam- bridge,Mass.-based Zipcar Inc.will offer discounts to customers for travel within the state. We provide Last week, JetBlue also initiated a 72-hour sale that offers $30 one- direct reports. way fares on certain days of the week between John F. Kennedy Interna- tional Airport and Buffalo, Roch- We deliver the skilled candidates you need – fi nancial ester or Syracuse. Recognized as one of the 400 New members of Zipcar, a car- professionals who are matched to your job requirements. sharing company, will receive $30 No fi rm has a network as far-reaching as Robert Half Best Big Companies in America by worth of free driving.The company Finance & Accounting, with immediate access to over Forbes magazine for the sixth year. also plans to debut 10 cars wrapped n 2 million fi nancial professionals. And no fi rm is more with the “I New York” logo, and skilled at putting experienced people at your fi ngertips, will reduce weekly fares for travel within the state through Oct. 31. quickly and cost-effectively. Think of us as your direct Amtrak, a third partner, will also line for direct reports. offer 20% discounted rates for rail travel within New York if customers use a specific “I n New York” dis- count code. “In today’s marketplace, it is im- Midtown, NY • Wall Street, NY • Uniondale, NY • Hauppauge, NY • White Plains, NY • Stamford, CT portant that we go where the con- Jersey City, NJ • Paramus, NJ • Parsippany, NJ • Woodbridge, NJ • Princeton, NJ • Mt. Laurel, NJ sumers are,” says Gov. Eliot Spitzer. The fall campaign is the second advertising push since the state hired advertising agency Saatchi & 1.800.474.4253 Saatchi to handle the “I n New roberthalf.com York” campaign in May. The “Get Out of Town”theme will be featured in the fall campaign, valued at around $1 million. Advertisements are slated to ap- pear in New York City and Toronto in both print and digital media. © 2007 Robert Half Finance & Accounting. An Equal Opportunity Employer. 0807-2005 COMMENTS? [email protected]

34 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 35 9/20/2007 7:50 PM Page 1

Neighborhood Journal THE SUITEST SPOT IN THE JFK deicing’s toll FINANCIAL DISTRICT

on Jamaica Bay DUE TO THE OVERWHELMING SUCCESS OF THE sible for picking up the cost of the SUITES AT 14 WALL, New rules to require cleanup. ADDITIONAL PRE-BUILT UNITS ARE NOW AVAILABLE. testing of runoff; Last year, the Port Authority completed a $13 million deicing FROM 2,500 RSF TO 40,000 RSF unsung Kensington hangar at JFK, which cuts chemical becomes hot market use by 90% by treating a plane with DOWNTOWN’S LARGEST CAPITAL radiant heat. But the process can IMPROVEMENT PROGRAM: handle only one plane at a time and or years, airlines at won’t replace the spraying of chem- • New Lobby, Entrance & John F. Kennedy Inter- icals—especially in the midst of Operating Systems national Airport have winter storms. • High-End Turnkey Installations sprayed barrels of deic- —hilary potkewitz • World-Renowned Landmark ing chemicals on their • Steps to Subway & All Transit Fplanes every winter. And for years • Across from NYSE those chemicals have run untreated Brooklyn area straight into Jamaica Bay. is the place to be That will soon begin to change. By month’s end, new state regula- in recent years, a wave of rising tions will require frequent measur- property values has swept across ing and testing of the runoff by the brownstone Brooklyn, pushing airport’s owner, the Port Authority rents in Brooklyn Heights, Carroll 14Wall.com of New York and New Jersey. Gardens, Park Slope and even less- The testing marks a major victo- er-known areas like Windsor Ter- ry for the Natural Resources De- race to Manhattan-like levels.The For leasing information, please contact: Exclusive Leasing Agent: fense Council, a nonprofit that has wave now appears to be reaching HOWARD FIDDLE BRADLEY P. GERLA JONATHAN A. COPE MICHAEL HIGGINS long been fighting to clean up Ja- Kensington,the previously unsung maica Bay.The NRDC had sued the neighborhood abutting the south- 212.984.6525 212.618.7066 212.618.7015 212.618.7011 state’s Department of Environmen- west corner of Prospect Park. [email protected] [email protected] [email protected] [email protected] “Any property I put on the mar- ket is getting 50, 60 offers,” says Ja- son Maier, director of sales in Kens- ington for Massey Knakal Realty Services. “There’s a dramatic change going on.” Brad Lander, director of the Brooklyn-based Pratt Center for Community Development, calls Kensington the rare neighborhood

istockphoto where the two major trends pushing TOXIC? The Port Authority will hire a consult- up city property values—gentrifica- ant to test for glycol in airport drainage. tion and immigration—are at work simultaneously. He notes that Rus- sians, Pakistanis, Bangladeshis and tal Conservation to update its per- South Asians are competing for mit guidelines for what chemicals housing in the southern half of the airport needs to monitor. Kensington, while yuppies are “Those regulations were written ratcheting up prices in the northern decades ago,” says Lawrence Le- half. vine, staff attorney for the NRDC. “A price escalation is good for “Deicing chemicals weren’t even folks who own,” notes Mr. Lander, around.” “and nobody else.” He notes that, as a result, the de- Even dilapidated buildings are icing fluids used today have never being snapped up by developers. been on the list of toxins to monitor Last fall, for example, Mr. Maier in airport drainage. was asked to find a buyer for a pre- The Port Authority will have to war apartment building on Beverley hire an environmental consultant Road. Its eight three-bedroom rail- and fund vast fieldwork in the area road apartments were run-down, so to test for levels of glycol, the pri- he didn’t have high hopes when he mary toxic deicing chemical. tacked up a sign out front. “It’s a very big undertaking,”says He got 297 calls and 77 firm of- Ed Knoesel, manager of environ- fers.The winning bid was $775,000. IS MONEY mental services for the aviation de- Express buses reach lower Man- partment of the Port Authority.“It’s hattan from Ocean Parkway in 15 also a cost that we didn’t have to in- minutes, and the F train gets there cur earlier.” in 25. Everyone who runs a business knows that time is a precious commodity. The Port Authority would have “Kensington is the last hope for Business Banking from HSBC has solutions to help you make the most of liked the airlines to share the bill, people who are looking to live in your time and money. which will run into the hundreds of close proximity to Manhattan and thousands of dollars. The bistate still get low rents,”Mr.Maier points >Visit your local branch agency deices the taxiways and out. >1-866-427-2103 runways, but the airlines use the Some folks might dispute his bulk of the toxic deicing chemi- definition of “low.” One-bedrooms >us.hsbc.com/business cals—about 80%—on planes. that went for $1,100 a month sever- However, the airlines are not listed al years ago now fetch $1,500, and on the DEC’s permit,since they are newly constructed ones command Products in the United States offered by HSBC Bank USA, N.A. or HSBC National Bank USA. Both banks are Member FDIC. only leaseholders at the airport, $1,700. ©2007 HSBC Bank USA, N.A. leaving the Port Authority respon- —erik engquist

September 24, 2007 | Crain’s New York Business | 35 CNYB 09-24-07 A 36 9/20/2007 6:15 PM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS [email protected]. Fifth Ave., rooftop, Cornelia Cafe. Fee: p.m., Sette, 191 Seventh Ave. Fee: SEPTEMBER 26 SEPTEMBER 25 SEPTEMBER 25 $125 members, $150 nonmembers. $44.90 members, $54.90 nonmembers. NYC Business Solutions holds seminar Service Management Applications holds Amalgamated Bank and Women’s (212) 599-6181 or [email protected]. (212) 227-6556 or on business basics. 2:00 p.m. to 5:00 seminar on strategies to manage Venture Fund hold workshop on getting SEPTEMBER 26 [email protected]. p.m., Lower Manhattan Business transition and change. 9:00 a.m. to capital for your business. 5:00 p.m. to New York Public Library’s Science, SEPTEMBER 26 Solutions Center, 110 William St., 12:00 p.m., Microsoft, 1290 Sixth Ave., 7:00 p.m., 1745 Broadway. Free. Industry and Business Library holds Score NYC holds seminar on starting fourth-floor conference room. Free. sixth floor. Free. (914) 686-0300 or (212) 245-3200 or workshop on advertising planning for a and managing a food services business. (212) 618-8862 or [email protected]. [email protected]. [email protected]. business. 5:30 p.m. to 7:00 p.m., 188 1:00 p.m. to 4:00 p.m., American SEPTEMBER 26 SEPTEMBER 25 SEPTEMBER 25 Madison Ave., room 018. Free. Management Association, 1601 Sales Strategy Corp. holds workshop on Goodwin Procter and Mergers & Women’s Economic Round Table holds (212) 592-7000. Broadway, eighth floor. Fee: $40. breaking the rules to win business. 9:00 Acquisitions magazine hold forum on forum on health care for all. 6:15 p.m. to SEPTEMBER 26 (212) 264-4507 or [email protected]. a.m. to 11:00 a.m., 1375 Broadway, third financial services M&A. 3:00 p.m. to 7:45 p.m., Time & Life Building, 1271 Five O’Clock Club’s Executive Job SEPTEMBER 26 floor. Fee: $39. (347) 385-8500 or 5:30 p.m., Regency Hotel, 540 Park Sixth Ave., conference room 2. Fee: $15 Search Group holds seminar on search Lehman College’s Small Business [email protected]. Ave. Fee: $99. (212) 803-8833 or in advance only. (914) 922-1747 or firms and ads. 6:30 p.m. to 8:30 p.m., 11 Development Center holds workshop SEPTEMBER 27 [email protected]. Penn Plaza, fifth floor. Fee: $50. on business plans and marketing Purple Dot Group holds seminar on More meetings online at SEPTEMBER 25 (914) 788-5482 or [email protected]. strategies. 11:00 a.m. to 2:00 p.m., 250 creating a cost-effective lead generation www.newyorkbusiness.com Association of Real Estate Women SEPTEMBER 26 Bedford Park Blvd. West, library room campaign. 6:30 p.m. to 8:30 p.m., 352 Click on “Events” holds networking reception. 6:30 p.m. to Networking for Professionals holds B27C, Bronx. Free. (718) 960-8697 or Seventh Ave., 16th floor. Fee: $49. 8:30 p.m., Cornelia Day Resort, 663 networking lunch. 1:00 p.m. to 3:00 [email protected]. Registration required. (800) 514-3557 or www.purpledotmag.com/events. SEPTEMBER 27 U.S. Federation of Small Businesses and WCBS News Radio 880 hold sales and marketing panel discussion. 6:00 p.m. to 8:00 p.m., Guardian Building, 7 Hanover Square, 15th floor. Fee: free for USFSB members, $15 nonmembers. (718) 701-0087 or http://nyc.usfsb.com/networkingevents.aspx. SEPTEMBER 27 Arts & Business Council of New York and American Express Co. hold workshop on using public relations in a marketing plan. 9:00 a.m. to 12:30 p.m., 200 Vesey St. Fee: $35 Arts & Business Council members, $55 nonmembers. (212) 279-5910, ext. 29. SEPTEMBER 27 Power Networking Business Series holds networking reception. 6:00 p.m. to 8:00 p.m., Baton Rouge Restaurant, 145 W. 145th St. Fee: $20. (718) 380-2062 or [email protected]. SEPTEMBER 28 Japan Society holds lecture on Japan’s economic health. 11:30 a.m. to 1:30 p.m., 333 E. 47th St. Fee: free for members, $15 nonmembers, $10 academics and government employees. (212) 715-1247 or [email protected]. OCTOBER 1-7 OCTOBER 2 DePaul University holds speed networking reception. 5:30 p.m. to 8:00 p.m., Latitude, 783 Eighth Ave. Fee: $30. (203) 610-2808 or o’[email protected]. OCTOBER 2 Association of Real Estate Women holds lunch program on the impact of architecture on real estate development and city skylines. 11:30 a.m. to 2:00 THE NUMBER ONE SMALL BUSINESS ISSUE IS HOW TO p.m., Club 101, 101 Park Ave. Fee: free for members, $110 nonmembers. (212) 599-6181 or [email protected]. PAY FOR HEALTH INSURANCE. IT DOESN’T HAVE TO BE. OCTOBER 2 Albertazzi & Associati of Milan holds seminar on doing business in Italy. 8:45 If you’re not quoting HIP, you can rest assured that your competition is. a.m. to 12:00 p.m., Association of the Bar of the City of New York, 42 W. 44th • 6% Commission on HIP Select EPO/PPO* St., meeting hall. Free. (917) 582-7634 or [email protected]. • 4% Commission on HIP Classic HMO OCTOBER 2 Foundation for Accounting Education • Plans starting as low as $223/mo. holds bankruptcy conference breakfast. • Free eyeglasses, massage therapy, $200 gym 8:30 a.m. to 11:15 a.m., 3 Park Ave., • Leading facilities like Montefiore Medical Center, reimbursement and alternative medicine.** 19th floor. Fee: $100 members, $125 North Shore / Long Island Jewish and Lenox Hill Hospital. nonmembers. (800) 537-3635 or • Rated “excellent” by the National Committee for www.nysscpa.org. • 25,000 physicians in neighborhoods where your Quality Assurance for Commercial HMO & POS plans. OCTOBER 2 clients live and work. • Flexible cost-sharing options available. New York County Lawyers’ Association holds forum on nonprofit law. 6:00 p.m. • A broad range of products to suit your client’s needs to 8:00 p.m., 14 Vesey St. Free. for both slice or full replacement. (212) 267-6646 or [email protected]. OCTOBER 2-NOVEMBER 13 Dynamic Executive Coaching holds Call for more Visit HIPUSA.COM information: 1-888-447-7864 TO LIST YOUR EVENT

* For new business on Select EPO/PPO only. Accredited by the National Committee for Quality Assurance (NCQA). A nationally recognized Listings can be submitted only through the Crain’s ** Only applies to HIP Classic and Small Group HIP Select EPO/PPO products. evaluation that purchasers, regulators and consumers can use to assess managed care plans. Web site. To submit a calendar listing, go to www.newyorkbusiness.com and click on “Events.” ® 2007 HIP Health Plan of New York. Commercial HMO and Commercial Point-of-Service plans. Sponsors have a choice of several free or paid list- ing options. All business events will be posted online within two business days.

36 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 37 9/20/2007 6:19 PM Page 1

workshops on sales skills for 9:00 a.m. to 12:30 p.m., 200 Vesey St. entrepreneurs. Tuesdays, 6:45 p.m. to Fee: $35 for Arts & Business Council 9:45 p.m., Sage Theater, 711 Seventh members, $55 nonmembers. Ave., second floor. Fee: $200. (212) 279-5910, ext. 29. (917) 338-7858 or OCTOBER 11 [email protected]. B’nai B’rith Real Estate Unit holds OCTOBER 3 lunch meeting on the new Harlem. NYC Business Solutions and Banco 12:00 p.m. to 2:00 p.m., Cornell Club, 6 Popular hold workshop for restaurant E. 44th St., Ivy Room. Fee: $55 in owners. 4:00 p.m. to 6:00 p.m., 441 advance, $65 at door. (212) 885-7239 or Second Ave. Free. (212) 679-1201 or [email protected]. [email protected]. OCTOBER 3 OCTOBER 15-21 RSM McGladrey holds information OCTOBER 16 session on manufacturing and wholesale Camba’s Small Business Services holds distribution. 3:30 p.m. to 6:30 p.m., workshop on starting your own business. Club 101, 101 Park Ave. Free. 3:00 p.m. to 5:30 p.m., 884 Flatbush (212) 372-1682 or [email protected]. Ave., second floor, Brooklyn. Free. Space OCTOBER 3 is limited. Registration is required. Wall Street Technology Association (718) 282-2500, ext. 242, or holds seminar on IT networking trends [email protected]. and technology solutions. 7:30 a.m. to OCTOBER 18 12:30 p.m., Warwick New York Hotel, Gumley Haft Real Estate Management 65 W. 54th St., second floor. Fee: free for holds seminar on emergency members, $295 nonmembers. preparedness for co-op and condo (732) 530-8808. boards. 5:30 p.m. to 8:00 p.m., Friar’s OCTOBER 3 Club, 57 E. 55th St. Free. Business Networking International, (212) 371-2525, ext. 286, or New York City outer boroughs, holds [email protected]. sales program. 5:30 p.m. to 9:00 p.m., OCTOBER 18 Flushing Town Hall, 137-35 Northern City Bar Center for Continuing Legal Blvd., Flushing, Queens. Fee: $55. Education holds program on reasonable (718) 981-8600 or [email protected]. accommodation requests from persons OCTOBER 5 with disabilities in co-ops or condos. Magazine Publishers of America holds 6:00 p.m. to 9:00 p.m., 42 W. 44th St. seminar on research for online and Fee: $195 members, $205 nonmembers. integrated ad sales. 9:00 a.m. to 12:00 (212) 382-6663. p.m., 810 Seventh Ave., 24th floor. Fee: $225. (212) 872-3733 or OCTOBER 22-28 [email protected]. OCTOBER 22 Financial Women’s Association holds OCTOBER 8-14 information session on transitioning OCTOBER 9 your career to nonprofits. 5:45 p.m. to Holtz Rubenstein Reminick holds not- 8:00 p.m., Alliance Française, 22 E. 60th for-profit fiscal workshop. 1:30 p.m. to St. Fee: $35 members, $45 nonmembers. 5:00 p.m., Friars Club, 57 E. 55th St. (212) 533-2141. Free. (212) 697-6900 or OCTOBER 23 [email protected]. Baruch College’s School of Public OCTOBER 10 Affairs holds seminar on lobbying. 8:00 Illuminating Engineering Society of a.m. to 10:00 a.m., Newman Conference New York holds information session on Center, 151 E. 25th St., seventh floor. the new codes and their effect on Free. (646) 660-6851 or lighting design. 5:30 p.m. to 8:00 p.m., [email protected]. Center for Architecture, 536 La Guardia OCTOBER 24 Place. Fee: free for members, $10 Bank of New York holds networking nonmembers. (212) 473-3139. reception and breakfast on public policy OCTOBER 10, 12, 17 and diversity. 7:45 a.m. to 11:00 a.m., Real Estate Academy holds three-day Bank of New York Mellon, 1 Wall St. seminar on current real estate trends. Fee: $35 members, $45 nonmembers. SAVE 9:00 a.m. to 5:00 p.m., New York (212) 252-1100 or [email protected]. Athletic Club, 180 Central Park South. OCTOBER 24 Fee: $199. (212) 262-2662 or Strategies for Growth and Banco [email protected]. Popular hold seminar on surviving OCTOBER 11 business growth. 6:00 p.m. to 8:00 p.m., LatinVision Media and Portada Online 441 Second Ave. Free. (212) 679-1201 hold conference on Hispanic digital and or [email protected]. print media. 12:00 p.m. to 9:00 p.m., OCTOBER 25 New York University, 53 Washington New York City Department of Design Square South, King Juan Carlos of and Construction, Office of Business Spain Center. Fee: $149 members, $199 Opportunity, holds networking nonmembers. (516) 396-0179 or reception and trade show. 9:00 a.m. to [email protected]. 1:00 p.m., 30-30 Thomson Ave., atrium, OCTOBER 11 Long Island City, Queens. Free. Arts & Business Council of New York Registration required. (718) 391-1549 or and American Express Co. hold [email protected]. networking breakfast and workshop. —adrianne pasquarelli

EXPLORING CAREERS Now you can deposit checks from your business and see them in your account GROUP SEEKS HOST BUSINESSES in as little as 24 hours. Remote Deposit Capture¹ is just one of the many solutions from HSBC that can save you time and help your business thrive. THE GREATER NEW YORK COUNCILS’ Exploring program is seeking businesses to host educational sessions offering high school students the >Visit your local branch chance to explore various industries and make better decisions about >1-866-427-2103 possible career choices. >us.hsbc.com/business The Exploring program puts together groups of 15 to 25 students interested in specific fields. The student groups meet at the host businesses after school for four or more sessions, learning about career ladders, educational requirements, salaries and what people in their selected fields ¹For all checks correctly scanned using Remote Deposit Capture scanner and transmitted to HSBC by 8:00 pm Eastern Time, actually do. customer will receive same-day ledger credit of funds. All checks scanned after 8:00 pm will post the following business day. The Bank’s policy is to make funds from customers’ deposits quickly available to the customer according to a schedule which is For more information, please call Exploring director Bob Hayes at based on where the check is drawn. Certain fees and charges may apply. For details, please contact an HSBC business (212) 651-2808, or visit www.nyexploring.org. representative at 877-HSBC-BIZ option 3. Products in the United States offered by HSBC Bank USA, N.A. or HSBC National Bank USA. Both banks are Member FDIC. ©2007 HSBC Bank USA, N.A.

September 24, 2007 | Crain’s New York Business | 37 Project1 9/20/07 6:59 PM Page 1 CNYB 09-24-07 A 39 9/20/2007 8:43 PM Page 1

Magazine veteran Brownridge back, slinging barbs

when powerhouse agency Media- Executive commits Vest threatened to pull its magazine Blender to stringent spending if something didn’t give. “As somebody who’s ultimately circ reporting; calls paying the bills, what I’m looking for is accountability and transparen- out others who don’t cy,” MediaVest client Donna Cam- panella, Avon’s executive director BY NAT IVES for global media, said at the time. “In this age when there are so many kent brownridge hasn’t been choices out there, particularly in the back in the magazine business two digital arena,traditional media need months, but he’s already making to step up and really prove value, waves, committing music title good or bad.” Blender to the stringent circulation reporting standards that advertisers Old standards die hard want and calling other publishers’ the response has been uneven, reasons for not doing the same complicated by the secretive dy- “pathetic.” namics of negotiating ad buys. The remark is vintage Brown- Wenner Media’s Rolling Stone is ridge—the veteran executive once sticking with “the industry stan- dubbed “Dr. Evil”— but the matter dard” of guaranteeing circulation of measuring per- averaged across six formance is all about months,according to the future. Marketers a spokesman. and their media agen- But Malcolm cies are increasingly Campbell, publisher demanding faster, of another Blender more precise metrics rival, Spin magazine, from magazines, a says he has been hap- drive fueled partly by py to meet advertis- an ascendant Internet ers’ demands. model that seems to “They’ll mandate promise instant ac- it in a lot of cases,” countability. Mr. Campbell says. Under Mr. “What are you going RIGHT NOTE: Brownridge says Brownridge, Blender advertisers demand new metrics. to do, say ‘No, that’s is joining the Audit not our policy?’ ” Bureau of Circula- Asked whether it tions’ Rapid Report system, which was fair to accept penalties for un- has allowed near-real-time sales re- der-delivery without getting credit ports since last year—and guaran- for overages, Mr. Campbell laughs. teeing each issue’s paid circulation. “The door only swings one way,” Longtime practices provide circula- he says. AND LET THE tion data just twice a year, and guar- The picture beyond music mag- antee circulation only when aver- azines is at least as mixed. “This is a aged across multiple issues. major issue right now,”says the pub- lisher of one men’s monthly, speak- Trade secrets ing on condition of anonymity.“Any though there are notable ex- publisher that comes out against it is ceptions like Time, which joined putting a bull’s-eye on his chest.” Rapid Report in July, most major Although executives at the magazines have stuck with biannu- country’s biggest publishers, Time CASH al circulation reports, partly because Inc. and Condé Nast Publications, they fear giving their competitors an have previously expressed reserva- intelligence edge. Most publishers tions about the cost and importance don’t want to be seen promising of issue-specific guarantees, both each issue’s paid circulation either, declined to comment for this story. arguing that they shouldn’t be pe- Men’s Health said recently that it is nalized for under-delivery while giving qualified clients issue-by-is- advertisers don’t credit them for sue guarantees—but the title’s own- over-delivery. Shortfalls are rare er, Rodale, made it very clear after- FL W anyway, they say. Surely there are ward that the statement was not a A dedicated business relationship manager from HSBC has solutions that better uses for the industry’s time precedent. can help save you time and money. From competitive rates on a business and capital. For Mr. Brownridge, the move is But those are the objections that a way to train attention on Blender’s line of credit to credit card processing solutions, your business relationship Mr. Brownridge calls “wimpy.” growing circulation before its rate manager can help your business thrive. HSBC knows the challenges of running “It’s not something advertisers base goes up to 900,000 from a business, and we have many ways to help you meet them. might want,” he says. “It’s some- 800,000 with the January-February thing that they absolutely do want issue. “People will see that we’re al- >Visit your local branch and they have absolutely been ready delivering it,” he says. Blender >1-866-427-2103 clamoring for. It’s absolutely some- sibling Maxim is also entering thing that irritates them that they Rapid Report and will begin guar- >us.hsbc.com/business don’t get a straight answer on and anteeing individual issue circulation they don’t get uniformly through next year. our industry.” The push for issue-specific guar- Nat Ives is a reporter for Advertising Age, Products in the United States offered by HSBC Bank USA, N.A. or HSBC National Bank USA. Both banks are Member FDIC. ©2007 HSBC Bank USA, N.A. antees burst into the open in May, a Crain publication.

September 24, 2007 | Crain’s New York Business | 39 Project14 11/21/06 5:40 PM Page 1

Competitive Advantage.

It’s tough out there. Competition has never We provide the hard news you need to make the been fi ercer. New ways of doing things arrive tough choices – to help you seize the opportunity at a dizzying pace. Pressure mounts to become before the other guy fi gures it out. We’re Crain more productive and effi cient. Do you bet the ranch, Communications and we publish 30 newspapers play your hand, or attack the middle ground? You and magazines, in a half-dozen strategic industries, need an edge. That’s where we come in. dedicated to helping you make the diffi cult calls. Hard news for hard choices. That’s what we’re here for.

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BUSINESS MANAGEMENT EDUCATION PUBLIC & LEGAL NOTICES Business Management Services GREEN

Cash Management Services ● Bill Payment BUILDING Notice of Formation of AIKIDO KOKIKAI Notice of Qualification of AG Diversified Name of LLC: Safari Global Consulting LLC. Tax & Financial Services ● Financing Assistance DESIGN OF NYC, LLC, a domestic Limited Liability Credit Strategies GP LLC. Authority filed with Arts. of Org. filed NY Dept. of State 8/7/07. (212) 631-9500 ● www.mayercpa.com Company. Arts. of Org. filed with the SSNY Secy. of State of N.Y. (SSNY) on 7/25/07. County off. loc.: New York Cty. Sec. of State on 07/23/07. Office location: New York Office location: NY County. Principal business designated as agent of LLC upon whom Overview Course for Architects, County. SSNY has been designated as location: 245 Park Avenue, 26th Fl., NY, NY process against it may be served. Sec. of State Cash Management & CFO Services Developers, and Engineers. agent upon whom process against the LLC 10167. LLC formed in Delaware (DE) on shall mail a copy of process to Brian Fortune, c/o Hunter Global Investors L.P., 485 Madison The Cooper Union may be served. SSNY shall mail a copy of 6/21/07. SSNY designated as agent of LLC BUSINESS SERVICES process to: The LLC, One Penn Plaza - upon whom process against it may be served. Ave., 22nd Fl., NY, NY 10022. Purpose: any for the Advancement Suite 2410, New York, NY 10119. Purpose: SSNY shall mail process to: c/o Corporation lawful activity. of Science and Art Any Lawful Purpose. Service Company (CSC), 80 State Street, Albany, NY 12207. DE address of LLC: c/o Notice of Qualification of 655 FIFTH OWNER Information and registration: Notice of Formation of Scott Colee LLC, Art. CSC, 2711 Centerville Road, Wilmington, LLC. Authority filed with Secy. of State of N.Y. www.cooper.edu/ce of Org. filed Sec'y of State (SSNY) 7/17/07. DE 19808. Arts. of Org. filed with DE Secy. (SSNY) on 8/29/07. Office location: NY 212.353.4198 Office location: NY County. SSNY designated of State, Townsend Bldg., Dover, DE 19901. County. LLC formed in Delaware (DE) on as agent of LLC upon whom process against Purpose: any lawful activity. 8/27/07. SSNY designated as agent of LLC it may be served. SSNY shall mail copy of upon whom process against it may be served. SECURITY process to c/o Golenbock Eiseman Assor Bell Notice of Qualification of MayerCap, LLC, SSNY shall mail process to: c/o Hiro Real & Peskoe LLP, Attn: Lawrence R. Haut, 437 filed under the original name Mayer Capital Estate Company, 650 Madison Ave., NY, NY Jay Richards Security, Inc. Madison Ave., NY, NY 10022-7302. Purpose: Advisors, LLC, App. for Auth. filed Sec'y 10022, Attn: Frank Ward. DE address of LLC: c/o Corporation Service Company, 2711 Voted #1 Hands on Security any lawful activities. of State (SSNY) 5/13/03. Office loc.: NY Advertise on County. LLC org. in DE 5/8/03. SSNY Centerville Road, Ste. 400, Wilmington, DE Operation in NYC! 19808. Cert. of Form. filed with DE Secy. www.newyorkbusiness.com Notice of Qualification of Akana Incubator designated as agent of LLC upon whom of State, 401 Federal St., Ste. 4, Dover, DE Security Guards • Bldg Security Fund, LP, App. for Auth. filed Sec'y of State process against it may be served. SSNY 19901. Purpose: any lawful activity. Call John Gallagher Bonded & Insured • NYS Lic. (SSNY) 12/5/06. Office location: NY County. shall mail copy of process to CSC, 2711 Centerville Rd., Wilmington, DE 19808, Offices in NYC, Brooklyn & L.I. LP org. in DE 12/4/06. SSNY designated as Notice of Formation of Dorian May LLC. Arts. @ 212-210-0189 agent of LP upon whom process against it the DE office addr. of LLC. Cert. of Form. Call 718-858-1180 of Org. filed with Secy. of State of N.Y. (SSNY) may be served. SSNY shall mail copy of on file: SSDE, Townsend Bldg., Dover, DE on 8/21/07. Office location: NY County. SSNY process to Attn: John Bu, 444 Madison Ave., 19901. Purp.: any lawful activities. VIDEO PRODUCTION designated as agent of LLC upon whom 12th Fl., NY, NY 10022. DE office addr.: c/o process against it may be served. SSNY shall CSC, 2711 Centerville Rd., Wilmington, DE Notice of Formation of Oceangate Land mail process to principal business location: 19808. Cert. of LP on file: SSDE, Townsend Holdings L.P. Cert. filed with NY Dept. of State c/o Dorian May, 160 E. 65th St., NY, NY Bldg., Dover, DE 19901. Name/addr. of each on 8/17/2007. Office location: NY County. 10021. Purpose: any lawful activity. CM A Merchandise & gen. ptr. avail. at SSNY. Purpose: any lawful Secy. of State designated as agent of LP upon activities. whom process against it may be served and Name of LLC: ELISABETH HAHN LLC. Arts. of Television Production Company shall mail process to the principal business Org. filed NY Dept. of State 8/15/07. County Notice of Formation of Shruti Realty, LLC, Art. address of the LP: c/o Starrett Corp., 70 E. off. loc.: New York Cty. Principal bus loc.: 76 of Org. filed Sec'y of State (SSNY) 4/11/07. 55th St., 7th Fl., NY, NY 10022, Attn: Stephen W. 86th St., #3D, NY, NY 10024. Sec. of State Creating Concerts with sponsorship & combining Office location: NY County. SSNY designated Salup. Name/address of each genl. ptr. designated as agent of LLC upon whom as agent of LLC upon whom process against available from Secy. of State. Term: until process against it may be served. Sec. of State Television Production & recording on sight. it may be served. SSNY shall mail copy of 12/31/2032. Purpose: any lawful activity. shall mail a copy of process to c/o Elisabeth process to Myron Kove, Esq., 1199 Park Hahn, 76 W. 86th St., #3D, NY, NY 10024. DVDs & Cds. Ave., Apt. 8F, NY, NY 10128. Purpose: any Notice of Qualification of Harbert Merger Purpose: any lawful activity. lawful activities. Arbitrage and Event Driven GP, L.L.C., App. for Auth. filed Sec'y of State (SSNY) 11/2/06. Notice of Qualification of Waldo’s $1 Mart, Notice of Qualification of BR 1355 First Avenue, Office location: NY County. LLC org. in DE LLC. Authority filed with NY Dept. of State on 347-242-7612 / [email protected] LLC, App. for Auth. filed Sec'y of State (SSNY) 10/31/06. SSNY designated as agent of LLC 8/30/07. Office location: NY County. Principal 6/29/07. Office location: NY County. LLC org. upon whom process against it may be served. business address: 831 Pearl St., Boulder, CO in DE 3/29/07. SSNY designated as agent of SSNY shall mail copy of process to 555 80302. LLC formed in Delaware (DE) on LLC upon whom process against it may be Madison Ave., 16th Fl., NY, NY 10022. DE 11/17/98. NY Secy. of State designated as REAL ESTATE served. SSNY shall mail copy of process to office addr.: c/o CSC, 2711 Centerville Rd., agent of LLC upon whom process against it c/o Nat. Reg. Agents, 875 Ave of the Americas, Wilmington, DE 19808. Cert. of Form. on file: may be served and shall mail process to: c/o SSDE, Townsend Bldg., Dover, DE 19901. OFFICE SPACE Ste. 501, NY, NY 10001. DE office addr.: 2711 CT Corporation System, 111 8th Ave., NY, NY Centerville Rd., Wilmington, DE 19808. Cert. Purpose: any lawful activities. 10011, registered agent upon whom process of Form. on file: SSDE, Townsend Bldg., Dover, may be served. DE address of LLC: 1209 DE 19901. Purpose: any lawful activities. Notice of Qualification of Credit Suisse GTAA Orange St., Wilmington, DE 19801. Arts. of IMMEDIATE OFFICE SPACE Global Macro Co-Investors, LP. Authority filed Org. filed with DE Secy. of State, P.O. Box 898, Space by the day, week, month, year and even virtual. Notice of Formation of 200 West 55th Street, with Secy. of State of N.Y. (SSNY) on 7/11/07. Dover, DE 19901. Purpose: any lawful activity. LLC, Art. of Org. filed Sec'y of State (SSNY) Office location: NY County. LP formed in 212.573.0909 11/21/05. Office location: NY County. SSNY Delaware (DE) on 5/4/07. SSNY designated as Notice of Formation of NY GO 72nd LLC. Arts. VornadoFurnishedOffices.com designated as agent of LLC upon whom agent of LP upon whom process against it of Org. filed with Secy. of State of N.Y. (SSNY) A process against it may be served. SSNY may be served. SSNY shall mail process on 6/1/07. Office location: NY County. SSNY 90 Park 909 Third 330 Madison 770 Broadway COMPANY shall mail copy of process to c/o Dahan & to principal business location: c/o DLJ LBO designated as agent of LLC upon whom Nowick LLP, 1700 Broadway, NY, NY 10019. Plans Management Corporation, 11 Madison process against it may be served. SSNY shall OFFICE SPACE PROFESSIONAL SPACE Purpose: any lawful activities. Ave., NY, NY 10010. DE address of LP: c/o mail process to: c/o Gotham Organization, Corporation Service Co., 2711 Centerville Rd., 1010 Ave. of the Americas, 4th Fl., NY, NY 141 East 55th Street, N.Y.C. Notice of Formation of 142 Wooster Street Ste. 400, Wilmington, DE 19808. Name/address 10018. Purpose: any lawful activity. Reasonable small business/professional/ of each genl. ptr. available from SSNY. Cert. of 212-947-5500 therapist space available. Approx. 12 x 20 LLC, Art. of Org. filed Sec'y of State (SSNY) 7/19/07. Office location: NY County. SSNY LP filed with DE Secy. of State, 401 Federal St., Notice of Qualification of Perella Weinberg FOR ALL OFFICE, RETAIL & LOFT SPACES 212-355-5136 Dover, DE 19901. Purpose: any lawful activity. Partners Capital Management LP. Authority New York City, Brooklyn, Queens designated as agent of LLC upon whom process against it may be served. SSNY shall filed with NY Dept. of State on 6/19/07. Office 500–50,000 SF Notice of Qualification of Rex Uniondale Hotel To place your classified mail copy of process to c/o Nat. Reg. Agents, location: NY County. LP formed in Delaware UNDER MARKET SUBLETS – NO FEE! LLC. Authority filed with Secy. of State of N.Y. ad call John Gallagher 875 Ave of the Americas, Ste. 501, NY, NY (DE) on 2/28/07. NY Secy. of State designated Search our listings @ www.midcomre.com (SSNY) on 1/18/07. Office location: NY @ 212-210-0189 10001, the Reg. Agt. upon whom proc. may as agent of LP upon whom process against it Call Paul 212 947-5500 x 100 County. LLC formed in Delaware (DE) on be served. Purpose: any lawful activities. may be served and shall mail process to: 767 1/2/07. SSNY designated as agent of LLC 5th Ave., NY, NY 10153, principal business upon whom process against it may be served. address of the LP. DE address of LP: c/o PUBLIC & LEGAL NOTICES Notice of Formation of KAL Realty Partners SSNY shall mail process to: 625 Reckson National Corporate Research, Ltd., 615 S. LLC. Arts. of Org. filed with Secy. of State Plaza, Uniondale, NY 11556. DE address of DuPont Hwy., Dover, DE 19901. Name/address of N.Y. (SSNY) on 8/14/07. Office location: LLC: 1209 Orange St., Wilmington, DE 19801. of genl. ptr. available from NY Secy. of State. Notice of Qualification of R-Roof IV, LLC. Notice of Qualification of SG Mortgage NY County. SSNY designated as agent of LLC Cert. of Form. filed with DE Secy. of State, Cert. of LP filed with DE Secy. of State, 401 Authority filed with Secy. of State of N.Y. Securities, LLC. Authority filed with Secy. of upon whom process against it may be served. P.O. Box 898, Dover, DE 19903. Purpose: any Federal St., Dover, DE 19901. Purpose: any (SSNY) on 8/2/07. Office location: NY County. State of N.Y. (SSNY) on 6/6/07. Office SSNY shall mail process to principal business lawful activity. lawful activity. Principal business location: 5847 San Felipe, location: NY County. LLC formed in Delaware location: c/o Stuart Rich, Esq., Meister Seelig Ste. 4650, Houston, TX 77057. LLC formed in (DE) on 5/17/05. SSNY designated as agent & Fein LLP, 140 E. 45th St., 19th Fl., NY, NY REQUEST FOR PROPOSALS Delaware (DE) on 6/11/07. SSNY designated of LLC upon whom process against it may be 10017. Purpose: any lawful activity. as agent of LLC upon whom process against served. SSNY shall mail process to: c/o CT it may be served. SSNY shall mail process to: Corporation System, 111 8th Ave., NY, NY Name of LLC: 1854 NOYACK PATH LLC. THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY c/o Corporation Service Company, 80 State 10011, registered agent upon whom process Arts. of Org. filed NY Dept. of State 5/9/07. St., Albany, NY 12207. DE address of LLC: may be served. DE address of LLC: 1209 County off. loc.: Suffolk Cty. Sec. of State REQUEST FOR PROPOSALS FOR PERFORMANCE OF EXPERT 2711 Centerville Road, Ste. 400, Wilmington, Orange St., Wilmington, DE 19801. Arts. designated as agent of LLC upon whom PROFESSIONAL CUSTOMER SATISFACTION STUDIES FOR DE 19808. Arts. of Org. filed with DE Secy. of of Org. filed with DE Secy. of State, 401 process against it may be served. Sec. of State, 401 Federal St., Ste. 4, Dover, DE Federal St., Dover, DE 19901. Purpose: all State shall mail a copy of process to: 1854 THE PORT OF NEW YORK & NEW JERSEY DURING 2007 AND 2008 19901. Purpose: any lawful activity. lawful purposes. Noyack Path, Noyack, NY 11963. Purpose: The Port Authority of New York and New Jersey is seeking to identify firms interested any lawful activity. in responding to a Request for Proposal (RFP) for performing expert professional Notice of Qualification of Enclave Capital Notice of Qualification of BON ALLER NEW Tenant/Customer Satisfaction Studies at the Authority’s port facilities in New York and LLC. Authority filed with NY Dept. of State YORK, LLC. Authority filed with Secy. of State Notice of Qualification of Palatine Hill New Jersey. on 7/6/2007. Office location: NY County. of N.Y. (SSNY) on 8/20/07. Office location: NY Emerging Markets Fund, LP, App. for Auth. LLC formed in Delaware (DE) on 5/31/1995. County. LLC formed in Delaware (DE) on filed Sec'y of State (SSNY) 4/23/07. Office A copy of this RFP will be furnished to interested firms upon request at NY Secy. of State designated as agent of 7/30/07. SSNY designated as agent of LLC location: NY County. LP org. in DE 4/20/07. [email protected]. It can also be obtained directly via download at www.panynj.gov. LLC upon whom process against it may be upon whom process against it may be served. SSNY designated as agent of LP upon whom Addenda to the RFP, if any, shall also be posted at this website. You should therefore served and shall mail process to the principal SSNY shall mail process to: c/o Corporation process against it may be served. SSNY shall monitor the advertisement for this RFP on said website, as appropriate, to ensure you business address of the LLC: 708 3rd Ave., Service Company, 80 State St., Albany, NY mail copy of process to 600 Fifth Ave., 26th have all such information. NY, NY 10017. DE address of the LLC: 1209 12207. DE address of LLC: 2711 Centerville Fl., NY, NY 10020. DE office addr.: c/o CSC, Upon requesting the RFP, please reference RFP Number: 14043 in the subject line. Orange St., Wilmington, DE 19801. Arts. of Road, Ste. 400, Wilmington, DE. Arts. of 2711 Centerville Rd., Wilmington, DE 19808. Your e-mail should include the following information: firm name, e-mail address, contact Org. filed with DE Secy. of State, 401 Federal Org. filed with DE Secy. of State, Federal & Cert. of LP on file: SSDE, Townsend Bldg., person, mailing address and telephone number. Proposals shall be due on or about St., Ste. 4, Dover, DE 19901. Purpose: any Duke of York St., Dover, DE 19901. Purpose: Dover, DE 19901. Name/addr. of each gen. ptr. October 15, 2007. lawful activity. any lawful activity. avail. at SSNY. Purpose: any lawful activities.

September 24, 2007 | Crain’s New York Business | 41 nb39p41_42_43cls.qxp 9/20/07 12:19 PM Page 42

PUBLIC & LEGAL NOTICES

Agent of Change LLC. Articles of Organization Notice of Qualification of Source Broadband Notice of Formation of Impark Cadman LLC. Notice of Formation of Olmstead 315 LLC. EPOLOGY LLC, a foreign Limited Liability filed with New York Department of State on Services, LLC. Authority filed with Secy. Arts. of Org. filed with Secy. of State of NY Arts. of Org. filed with Secy. of State of N.Y. Company (LLC) filed with the Sec of State of July 31, 2007. Office Location: New York of State of N.Y. (SSNY) on 7/2/07. Office (SSNY) on 3/3/06. Office location: NY County. (SSNY) on 7/18/07. Office location: NY NY (SSNY) on 5/04/07. NY office Location: County. Secretary of State designated as location: NY County. LLC formed in Delaware SSNY designated as agent of LLC upon whom County. SSNY designated as agent of LLC NEW YORK County. SSNY is designated as agent of LLC upon who process against it (DE) on 5/15/07. SSNY designated as agent process against it may be served and shall upon whom process against it may be served. agent upon whom process against the LLC may be served and shall mail process to of LLC upon whom process against it may mail process to: c/o CT Corporation System, SSNY shall mail process to principal business may be served. SSNY shall mail a copy of any Agent of Change LLC, One River Place, be served. SSNY shall mail process to: c/o 111 8th Ave., NY, NY 10011, registered agent location: c/o Olmstead Properties, Inc., 575 process against the LLC served upon him/her Suite 3122, NY, NY 10036. Purpose: Any CT Corporation System, 111 8th Ave., NY, NY upon whom process may be served. Purpose: 8th Ave., Ste. 2400, NY, NY 10018. Purpose: to THE LLC, 261 BROOME ST., APT. 3A, NEW lawful activity. 10011, registered agent upon whom process any lawful activity. any lawful activity. YORK, NY 10002. General purposes. may be served. DE address of LLC: 1209 NOTICE OF FORMATION OF LIMITED LIABILITY Orange St., Wilmington, DE 19801. Arts. of Notice of Qualification of Och-Ziff Real Estate Notice of Qualification of North Hill Holding Notice of Qualification of QSG Management, COMPANY. NAME: BLOGGERMED LLC. Org. filed with DE Secy. of State, 401 Federal Management, L.L.C. Authority filed with NY of New York, LLC. Authority filed with NY L.L.C. Authority filed with Secy. of State of Articles of Organization were filed with the St., Ste. 4, Dover, DE 19901. Purpose: all Dept. of State on 5/29/07. Office location: NY Dept. of State on 8/3/07. Office location: NY N.Y. (SSNY) on 7/13/07. Office location: NY Secretary of State of New York (SSNY) on lawful purposes. County. Principal business address: 9 W. County. LLC formed in Delaware (DE) on County. Principal business location: 11th Fl., 08/15/07. Office location: New York County. 57th St., NY, NY 10019. LLC formed in 7/16/07. NY Secy. of State designated as 350 Park Ave., NY, NY 10022. LLC formed in SSNY has been designated as agent of the Notice of Qualification of Seidman Private Delaware (DE) on 11/14/03. NY Secy. of agent of LLC upon whom process against it Delaware (DE) on 3/13/07. SSNY designated LLC upon whom process against it may be Advisors, LLC. Authority filed with Secy. of State designated as agent of LLC upon whom may be served and shall mail process to as agent of LLC upon whom process against served. SSNY shall mail a copy of process State of N.Y. (SSNY) on 7/24/07. Office process against it may be served and shall the principal business address of the LLC: it may be served. SSNY shall mail process to: to the LLC, c/o Peter Juhng, 7 Dogwood location: NY County. LLC formed in Delaware mail process to: c/o CT Corporation System, 51 E. 42nd St., Ste. 300, NY, NY 10017. DE Corporation Service Co., 80 State St., Albany, Lane, Tenafly, New Jersey 07670. Purpose: (DE) on 4/21/04. SSNY designated as agent 111 8th Ave., NY, NY 10011, registered agent address of LLC: c/o The Corporation Trust NY 12207, registered agent upon whom For any lawful purpose. of LLC upon whom process against it may upon whom process may be served. DE Co., 1209 Orange St., Wilmington, DE 19801. process may be served. DE address of LLC: be served. SSNY shall mail process to: c/o address of LLC: The Corporation Trust Co., Arts. of Org. filed with DE Secy. of State, 2711 Centerville Rd., Ste. 400, Wilmington, Notice of Qualification of Crestview Partners Corporation Service Co. (CSC), 80 State St., 1209 Orange St., Wilmington, DE 19801. 401 Federal St., Dover, DE 19901. Purpose: DE 19808. Arts. of Org. filed with DE Secy. TE (Outbound), L.P. Authority filed with NY Albany, NY 12207. DE address of LLC: c/o CSC, Arts. of Org. filed with DE Secy. of State, any lawful activity. of State, Townsend Bldg., Dover, DE 19901. Dept. of State on 7/31/07. Office location: 2711 Centerville Rd., Ste. 400, Wilmington, Townsend Bldg., Dover, DE 19901. Purpose: any lawful activity. NY County. LP formed in Cayman Islands DE 19808. Arts. of Org. filed with DE Secy. Purpose: any lawful activity. Notice of Qualification of VII West 75th Street (CI) on 10/24/06. NY Secy. of State designated of State, Townsend Bldg., Dover, DE 19901. Owner, LLC, App. for Auth. filed Sec'y of State Notice of Qualification of Domino's Pizza as agent of LP upon whom process against Purpose: any lawful activity. Notice of Qualification of Hawkshaw Capital (SSNY) 7/26/07. Office location: NY County. Franchising LLC. Authority filed with NY it may be served and shall mail process to Partners, LP, App. for Auth. filed Sec'y of State LLC org. in DE 7/3/07. SSNY designated as Dept. of State on 3/22/07. Office location: the principal business address of the LP: Notice of Qualification of Invus Advisors, (SSNY) 2/7/03. Office location: NY County. LP agent of LLC upon whom process against it NY County. Principal business address: 24 667 Madison Ave., 10th Fl., NY, NY 10021. L.L.C. Authority filed with NY Dept. of State on org. in DE 2/6/03. SSNY designated as agent may be served. SSNY shall mail copy of Frank Lloyd Wright Dr., Ann Arbor, MI CI address of LP: c/o M&C Corporate 8/23/07. Office location: NY County. Principal of LP upon whom process against it may be process to c/o Nat. Reg. Agents, 875 Ave of 48106. LLC formed in Delaware (DE) on Services Ltd., P.O. Box 309GT, Ugland business address: 750 Lexington Ave., NY, NY served. SSNY shall mail copy of process to the Americas, Ste. 501, NY, NY 10001, the 3/2/07. NY Secy. of State designated as House, S. Church St., George Town, Grand 10022. LLC formed in Delaware (DE) on Attn: Frank Byrd, 400 Madison Ave., NY, NY Reg. Agt. upon whom proc. may be served. agent of LLC upon whom process against it Cayman, CI. Name/address of genl. ptr. 3/13/03. NY Secy. of State designated as agent 10017. DE office addr.: c/o CSC, 2711 DE office addr.: 160 Greentree Dr., Ste. 101, may be served and shall mail process to: available from SSNY. Cert. of LP filed with of LLC upon whom process against it may be Centerville Rd., Wilmington, DE 19808. Cert. Dover, DE 19904. Cert. of Form. on file: c/o CT Corporation System, 111 8th Ave., Registrar of Exempted LPs, Citrus Grove served and shall mail process to: c/o CT of LP on file: SSDE, Townsend Bldg., Dover, SSDE, Townsend Bldg., Dover, DE 19901. NY, NY 10011, registered agent upon whom Bldg., George Town, Grand Cayman, CI. Corporation System, 111 8th Ave., NY, NY DE 19901. Name/addr. of each gen. ptr. avail. Purpose: any lawful activities. process may be served. DE address of LLC: Purpose: any lawful activity. 10011, registered agent upon whom process at SSNY. Purpose: any lawful activities. 1209 Orange St., Wilmington, DE 19801. may be served. DE address of LLC: 1209 NOTICE OF FORMATION OF LIMITED Arts. of Org. filed with DE Secy. of State, Name of Foreign LLC: Helmut Lang LLC (Fict. Orange St., Wilmington, DE 19801. Arts. of Notice of Formation of MATTERMINDS LIABILITY COMPANY. NAME: PINE 3103, 401 Federal St., Dover, DE 19901. Purpose: Name: Helmut Lang New York LLC). Appl. for Org. filed with DE Secy. of State, 401 Federal SEARCH LLC. Arts. of Org. filed with the LLC. Articles of Organization were filed any lawful activity. Auth. filed NY Dept. of State: 6/27/07. Jurisd. St., Ste. 4, Dover, DE 19901. Purpose: any Secy. of State of NY (SSNY) on 7/19/07. with the Secretary of State of New York and date of org.: DE 3/13/06. County off. loc.: lawful activity. Office location: NY County. SSNY designated (SSNY) on 02/17/06. Office location: New NOTICE OF FORMATION OF BMDB Enterprise New York County. Princ. bus. loc.: 38 as agent of LLC upon whom process against York County. SSNY has been designated LLC. Article of Organization filed with the Gansevoort St., NY, NY 10014. Sec. of State Notice of Qualification of Dry Brook Credit it may be served and shall mail process to: as agent of the LLC upon whom process Secretary of State of NY (SSNY) on 5/8/07 designated as agent of foreign LLC upon Opportunities, LP, App. for Auth. filed Sec'y The LLC, 173 East 74 th Street, 3A, New York, against it may be served. SSNY shall mail a Office location NEW YORK County. SSNY whom process may be served. The Sec. of of State (SSNY) 6/25/07. Office location: NY 10021. Purpose: any lawful activity. copy of process to the LLC, c/o VL Owners, has been designated as agent upon whom State shall mail copy of process to the LLC: NY County. LP org. in DE 2/26/07. SSNY Inc., ATTN: Sergei Perotine, Manager, 8 process against it may be served. The Post 38 Gansevoort St., NY, NY 10014. Addr. of designated as agent of LP upon whom Notice of Formation of Michael Andrews Yellowstone Drive, Old Bridge, New Jersey Office address to which the SSNY shall mail foreign LLC in DE is: c/o National Corporate process against it may be served. SSNY LLC, Art. of Org. filed Sec'y of State (SSNY) 08857. Purpose: For any lawful purpose. a copy of any process against the LLC served Research, Ltd., 615 South DuPont Hwy., shall mail copy of process to Attn: Tanya 3/14/06. Office location: NY County. SSNY upon him/her is C/O the LLC 585 Leonard St Dover, DE 19901. Auth. office in DE where Pulver, 400 Madison Ave., Ste. 5D, NY, NY designated as agent of LLC upon whom Notice of Qualification of Pinkerton Government #3. Brooklyn, NY 11222. Date of Dissolution: Cert. of Form. filed: Sec. of State of DE, John 10017. DE office addr.: c/o CSC, 2711 process against it may be served. SSNY Services, LLC. Authority filed with Secy. of Purpose of LLC: to engage in any lawful act G. Townsend Bldg., Dover, DE 19901. Centerville Rd., Wilmington, DE 19808. Cert. shall mail copy of process to Michael Brian State of NY (SSNY) on 8/2/07. Office location: or activity. Street address of Principal Purpose: any lawful activity. of LP on file: SSDE, Townsend Bldg., Dover, Mantegna, 90 Clinton St., Ste. 2H, NY, NY NY County. LLC formed in Delaware (DE) on Business location is: 585 Leonard St #3. DE 19901. Name/addr. of each gen. ptr. avail. 10002. Purpose: any lawful activities. 6/30/89. SSNY designated as agent of LLC Brooklyn, NY 11222 Notice of Formation of Sunshine Entertainment at SSNY. Purpose: any lawful activities. upon whom process against it may be served. Group (NY), LLC. Arts. of Org. filed with Secy. NOTICE OF QUALIFICATIONS OF West SSNY shall mail process to: c/o National Notice of Qualification of Rolling Cash Equity Monroe Partners LLC. Articles of Organization of State of N.Y. (SSNY) on 6/1/07. Office Notice of Formation of Flamengo Partners Registered Agents, Inc., 875 Ave of the Group LLC. Authority filed with Secy. of State filed with the Secretary of State of New York location: NY County. SSNY designated as LLC. Arts. Of Org. filed with Secy. of State of Americas, Ste 501, NY, NY 10001. Address of N.Y. (SSNY) on 7/27/07. Office location: on May 18, 2007. N.Y. Office Location: New agent of LLC upon whom process against it N.Y. (SSNY) on 07/20/2007. Office location: to be maintained in DE: 160 Greentree Dr., NY County. LLC formed in Delaware (DE) on York County. LLC formed in Delaware on April may be served. SSNY shall mail process to: New York County. SSNY designated as agent Ste 101, Dover, DE 19904. Arts. of Org. 7/26/07. SSNY designated as agent of LLC 17, 2002 SSNY has been designated as agent c/o Bruce Lipnick, 800 Third Avenue, NY, NY of LLC upon whom process against it may be filed with DE Secy. Of State, 401 Federal upon whom process against it may be served. of LLC upon process against it may be 10022. Purpose: any lawful activity. served. SSNY shall mail process to: c/o Gallet St., Ste 4., Dover, DE 19901. Purpose: any SSNY shall mail process to principal business served. The P.O. address to which the SSNY Dreyer & Berkey, LLP, 845 Third Avenue, 8th lawful activities. location: Sam Liebman, 1430 Broadway, 14th shall mail a copy of any process against the Floor, New York, NY 10022-6601- Att: David Fl., NY, NY 10018. DE address of LLC: Notice of Formation of NR-OT HAND REHAB LLC served upon him/her is C/O the LLC: 175 Notice of Formation of 37-24 24th Street L. Berkey, Esq. Purpose: any lawful activity. c/o Corporation Service Company, 2711 PLLC, a Professional Limited Liability W. Jackson Blvd. Suite 2200, Chicago IL Member LLC. Arts. of Org. filed with NY Dept. Company. Arts. of Org. filed with the SSNY on of State on 2/6/07. Office location: NY County. Centerville Road, Ste. 400, Wilmington, DE 60604. The Principal Business Address of the 19808. Arts. of Org. filed with DE Secy. of 06/26/07. Office location: New York County. Notice of Qualification of Insight Venture LLC is: 175 W. Jackson Blvd. Suite 2200, Secy. of State designated as agent of LLC SSNY has been designated as agent upon Partners VI (Co-Investors), L.P. Authority filed upon whom process against it may be served State, 401 Federal St., Ste. 4, Dover, DE Chicago IL 60604. Dissolution date N/A. 19901. Purpose: any lawful activity. whom process against it may be served. with Secy. of State of NY (SSNY) on 7/11/07. Purpose of LLC: Full service technology and and shall mail process to: c/o Robert Kantor, SSNY shall mail a copy of process to: C/O the Office location: NY County. LP formed in business consulting firm. Esq., 55 5th Ave., 15th Fl., NY, NY 10003, PLLC, 61-18 190th Street, Suite 201, Fresh Delaware (DE) on 3/29/07. SSNY designated principal business address of the LLC. Notice of Qualification of Summit Rock Meadows, NY 11365. Purpose: To Practice as agent of LP upon whom process against it Notice of Formation of Life Long Fitness Purpose: any lawful activity. Diversified Strategies Portfolio, L.P. Authority The Profession Of Occupational Therapy. may be served. SSNY shall mail process to: LLC. Arts. of Org. filed with Secy. of State filed with Secy. of State of N.Y. (SSNY) on c/o National Registered Agents, Inc., 875 of NY (SSNY) on 7/18/07. Office location: Name of LLC: PELLA 166 LLC. Arts. of 7/30/07. Office location: NY County. LP Avenue of the Americas., Ste. 501, NY, NY Notice of Formation of Paul Devlin Productions, NY Co. SSNY designated as agent of LLC Org. filed NY Dept. of State 6/29/07. County formed in Delaware (DE) on 6/22/07. SSNY 10001, also registered agent. DE address of LLC. Arts. of Org. filed with Secy. of State upon whom process against it may be served. off. loc.: New York County. Sec. of State designated as agent of LP upon whom LP: 1209 Orange St., Wilmington, DE 19801. of N.Y. (SSNY) on 8/13/07. Office location: SSNY shall mail process to: The LLC, 56 designated as agent of LLC upon whom process against it may be served. SSNY shall Name/address of genl. ptr. available from NY County. SSNY designated as agent of Ludlow St., 2nd Fl, NY, NY 10002. Purpose: process against it may be served. Sec. of mail process to: c/o Corporation Service SSNY. Cert. of LP filed with DE Secy. of State, LLC upon whom process against it may be any lawful activities. State shall mail a copy of process to Company (CSC), 80 State St., Albany, NY served. SSNY shall mail process to: c/o Federal & Duke of York Sts., Dover, DE 19901. Handsman & Kaminsky LLP, 600 Lexington 12207, registered agent upon whom process Cowan, DeBaets, Abrahams & Sheppard Purpose: any lawful activities. Notice of Qualification of Embassy House Avenue, 10th Floor, New York, NY 10022. may be served. DE address of LP: CSC, 2711 LLP, Attn: Robert I. Freedman, 41 Madison Owner LLC. Authority filed with Secy. of State Purpose: any lawful activity. Centerville Road, Ste. 400, Wilmington, DE Ave., 34th Fl., NY, NY 10010. Purpose: any Notice of Formation of Royal Field Management of N.Y. (SSNY) on 7/18/07. Office location: NY 19808. Name/address of each genl. ptr. lawful activity. Company LLC. Arts. of Org. filed with Secy. County. LLC formed in Delaware (DE) on Notice of Formation of JS 180 Broadway LLC. available from SSNY. Cert. of LP filed with of State of N.Y. (SSNY) on 11/17/06. Office 7/16/07. SSNY designated as agent of LLC Arts. of Org. filed with Secy. of State of N.Y. DE Secy. of State, 401 Federal St., Ste. 4, Notice of Formation of Project Graphic location: NY County. SSNY designated as upon whom process against it may be served. (SSNY) on 8/6/07. Office location: NY County. Dover, DE 19901. Purpose: any lawful activity. Management LLC. Arts. of Org. filed with NY agent of LLC upon whom process against it SSNY shall mail process to principal office Principal business location: c/o Wharton Dept. of State on 7/19/07. Office location: NY may be served. SSNY shall mail process to: address of LLC: c/o National Registered Realty, 20 E. 46th St., NY, NY 10004. SSNY Notice of Qualification of Blackstone Real County. Secy. of State designated as agent of Royal Field, LLC, 164 W. 128 St., Ste. 1C, Agents, Inc., 875 Ave. of the Americas, designated as agent of LLC upon whom Estate Acquisitions III L.L.C. Authority filed LLC upon whom process against it may be NY, NY 10027. Purpose: any lawful activity. Ste. 501, NY, NY 10001, the registered process against it may be served. SSNY shall with NY Dept. of State on 6/1/07. Office served and shall mail process to: McBreen & agent upon whom process may be served. mail process to: Corporation Service Company, location: NY County. Principal business Kopko, 110 Summit Ave., Montvale, NJ Notice of Qualification of Roundtable Arts. of Org. filed with DE Secy. of State, 80 State St., Albany, NY 12207. Purpose: address: 345 Park Ave., NY, NY 10154. LLC 07645. Purpose: any lawful activity. Managers LLC. Authority filed with Secy. of 401 Federal St., Ste. 4, Dover, DE 19901 any lawful activity. formed in Delaware (DE) on 2/19/99. NY State of N.Y. (SSNY) on 6/28/07. Office Purpose: real estate investment. Secy. of State designated as agent of LLC Notice of Formation of LK 530 LLC. Arts. of location: NY County. LLC formed in Delaware Notice of Formation of Stawski Group, LLC, upon whom process against it may be served Org. filed with Secy. of State of N.Y. (SSNY) (DE) on 9/15/06. SSNY designated as agent Notice of Formation of Kusa Makura LLC. Arts. Art. of Org. filed Sec'y of State (SSNY) and shall mail process to: c/o CT Corporation on 7/18/07. Office location: NY County. of LLC upon whom process against it may be of Org. filed with Secy. of State of N.Y. (SSNY) 7/12/07. Office location: NY County. SSNY System, 111 8th Ave., NY, NY 10011, Principal business location: 737 Park Ave., NY, served. SSNY shall mail process to: 280 Park on 8/8/07. Office location: NY County. SSNY designated as agent of LLC upon whom registered agent upon whom process may NY 10021. SSNY designated as agent of LLC Avenue, NY, NY 10017. DE address of LLC: designated as agent of LLC upon whom process against it may be served. SSNY be served. DE address of LLC: c/o The upon whom process against it may be served. 2711 Centerville Rd., Ste. 400, Wilmington, process against it may be served. SSNY shall shall mail copy of process to c/o Hofheimer Corporation Trust Co., 1209 Orange St., SSNY shall mail process to: c/o Corporation DE 19808. Cert. of Form. filed with DE Secy. mail process to principal business location: Gartlir & Gross LLP, 530 Fifth Ave., NY, NY Wilmington, DE 19801. Arts. of Org. filed with Service Company, 80 State St., Albany, NY of State, P.O. Box 898, Dover, DE 19903. c/o The LLC, 224 E. 12th St., NY, NY 10003. 10036. Purpose: any lawful activities. Latest DE Secy. of State, 401 Federal St., Dover, DE 12207. Purpose: any lawful activity. Purpose: any lawful activity. Purpose: any lawful activity. date 12/31/2057. 19901. Purpose: any lawful activity.

42 | Crain’s New York Business | September 24, 2007 nb39p41_42_43cls.qxp 9/20/07 12:20 PM Page 43

PUBLIC & LEGAL NOTICES

Notice of Qualification of Centerbridge Capital CODEBOX LLC, a domestic Limited Liability Notice of Formation of Henpecked LLC. Arts. Notice of Qualification of WRA Investments Notice of Qualification of Dynamis ETF, LLC. Partners PNG-D, L.P. Authority filed with NY Company (LLC) filed with the Sec of State of of Org. filed with Secy. of State of N.Y. (SSNY) LLC, App. for Auth. filed Sec'y of State (SSNY) Authority filed with Secy. of State of N.Y. Dept. of State on 8/8/07. Office location: NY NY (SSNY) on 1/12/07. NY office Location: on 7/24/07. Office location: NY County. SSNY 2/10/03. Office location: NY County. LLC org. (SSNY) on 8/22/07. Office location: NY County. Principal business address: 375 Park NEW YORK County. SSNY is designated as designated as agent of LLC upon whom process in DE 1/27/03. SSNY designated as agent of County. LLC formed in Delaware (DE) on Ave., 12th Fl., NY, NY 10152. LP formed in agent upon whom process against the LLC against it may be served. SSNY shall mail LLC upon whom process against it may be 7/25/07. SSNY designated as agent of LLC Delaware (DE) on 7/27/07. NY Secy. of State may be served. SSNY shall mail a copy of any process to principal business location: 99 served. SSNY shall mail copy of process to upon whom process against it may be served. designated as agent of LP upon whom process against the LLC served upon him/her Suffolk St., NY, NY 10002. Purpose: any 101 Park Ave., 48th Fl., NY, NY 10178. DE SSNY shall mail process to principal business process against it may be served and shall to C/O THE LLC, 30 VESEY STREET, 11TH FLR., lawful activity. office addr.: c/o CSC, 2711 Centerville Rd., location: 75 Rockefeller Plaza, 18th Fl., NY, NY mail process to: c/o CT Corporation System, NEW YORK, NY 10007. General purposes. Wilmington, DE 19808. Cert. of Form. on file: 10019. DE address of LLC: c/o Corporation 111 8th Ave., NY, NY 10011. DE address of Notice of Qualification of Chickasaw Capital SSDE, Townsend Bldg., Dover, DE 19901. Service Co., 2711 Centerville Rd., Ste. 400, LP: c/o The Corporation Trust Co., 1209 Notice of Formation of T-Parc LLC. Arts. of Management LLC, App. for Auth. filed Sec'y of Purpose: any lawful activities. Wilmington, DE 19808. Cert. of Form. filed Orange St., Wilmington, DE 19801. Org. filed with Secy. of State of N.Y. (SSNY) State (SSNY) 4/3/07. Office location: NY County. with DE Secy. of State, Townsend Bldg., Dover, Name/address of genl. ptr. available from NY on 7/30/07. Office location: NY County. SSNY LLC org. in DE 5/29/03. SSNY designated as Name of LLC: ALEXANDRIA LIND LLC. Arts. DE 19901. Purpose: any lawful activity. Secy. of State. Cert. of LP filed with DE Secy. designated as agent of LLC upon whom agent of LLC upon whom process against it of Org. filed NY Dept. of State 6/13/07. of State, Townsend Bldg., Dover, DE 19901. process against it may be served. SSNY shall may be served. SSNY shall mail copy of County off. loc.: New York County. Principal process to 277 West End Ave., NY, NY bus. loc.: 19 East 95th Street, 3F, New York, Notice of Qualification of Haven Avenue Purpose: any lawful activity. mail process to principal business location: Owner LLC. Authority filed with Secy. of State David B. Gardner, Esq., c/o Kline, Gardner & 10023. DE office addr.: c/o CTC, 1209 NY 10128. Sec. of State designated as agent Orange St., Wilmington, DE 19801. Cert. of of LLC upon whom process against it may be of N.Y. (SSNY) on 6/18/07. Office location: Notice of Formation 441 East 57th Street LLC O’Connor, P.C., 96 Middle St., Gloucester, MA NY County. Principal business location: c/o art. of org. filed Secy. of State NY (SSNY) 01930. Purpose: to own real estate. Form. on file: SSDE, Townsend Bldg., Dover, served. Sec. of State shall mail a copy of DE 19901. Purpose: any lawful activities. process to 19 East 95th Street, 3F, New York, Vantage Properties, LLC, 750 Lexington Ave., 10/31/05. Off. loc. in NY Co. SSNY designated NY, NY 10022. LLC formed in Delaware (DE) as agent of LLC upon whom process may be NY 10128. Purpose: any lawful activity. EMERALD GREENE, LLC App. for Auth. filed QUATTRO CONSTRUCTION MANAGEMENT, on 3/19/07. SSNY designated as agent of LLC served. SSNY shall mail copy of process to: NY Sec. of State (SSNY) 8/12/05, doing upon whom process against it may be served. Flank Management LLC, Attn: Jonathan Kully, LLC, a domestic Limited Liability Company ISHIDA/CRANDALL LLC Articles of Org. business under the fictitious name EMERALD (LLC). Articles of Organization filed with filed NY Sec. of State (SSNY) 7/17/07. Office SSNY shall mail process to: c/o Corporation 548 West 28th Street, NY, NY 10022. Purpose: GREEN NYC. LLC was organized in DE on Service Company, 80 State St., Albany, NY Any lawful purpose. Secretary of State on 5/29/07. NY Office in NY Co. SSNY desig. agent of LLC upon 7/29/05.Office in NY Co. SSNY desig. as agent location: NEW YORK County. Secretary of whom process may be served. SSNY shall 12207. DE address of LLC: The Corporation of LLC upon whom process may be served. Trust Company, 1209 Orange St., Wilmington, Notice of Qualification of Emerging Sovereign State is designated as agent upon whom mail copy of process to 373 Broadway, SSNY to mail copy of process to c/o DCD process against the LLC may be served. Ste. D8, NY, NY 10013, which is also the DE 19808. Arts. of Org. filed with DE Secy. of Fund LP, App. for Auth. filed Sec'y of State Capital, 57 W. 38th St., NY, NY 10018, which State, 401 Federal St., Dover, DE 19901. (SSNY) 2/4/02. Office location: NY County. LP Secretary of State shall mail a copy of any principal business location. Purpose: Any is the principal NY office. Cert. of Org. filed process against the LLC served upon lawful purpose. Purpose: any lawful activity. org. in DE 1/30/02. SSNY designated as agent with SSDE, Div. of Corps. 401 Federal St., Ste. of LP upon whom process against it may be him/her to DAVID LENEFSKY, ESQ., #4, Dover, DE. Purpose: Any lawful purpose. Notice of Qualification of Clutch Group LLC. NOTICE OF FORMATION OF Cocktail Caterers served. SSNY shall mail copy of process to 1 COLUMBUS PLACE, S48C, NEW YORK, Authority filed with Secy. of State of N.Y. LLC. Arts. of Org. filed with the Secy. of State 101 Park Ave., 48th Fl., NY, NY 10178. DE NY 10019. General purposes. Notice of Formation of CHASE MARLEY LLC, (SSNY) on 9/5/07. Fictitious name in NY State: of NY (SSNY) on 6/8/2007 Office location office addr.: c/o CSC, 2711 Centerville Rd., Art. of Org. filed with Sec'y of State of NY NOTICE OF FORMATION OF LIMITED Clutch Group Acquisition Company LLC. NEW YORK County. SSNY has been designated Wilmington, DE 19808. Cert. of LP on file: (SSNY) 07-20-07. Office Location: NY LIABILITY COMPANY. NAME: PINE 1809, Office location: NY County. LLC formed in as agent upon whom process against it may SSDE, Townsend Bldg., Dover, DE 19901. County. SSNY designated as agent of LLC LLC. Articles of Organization were filed Delaware (DE) on 7/31/07. SSNY designated be served. SSNY shall mail process to: 875 Name/addr. of each gen. ptr. avail. at SSNY. upon whom process against it may be served. with the Secretary of State of New York as agent of LLC upon whom process against Avenue of the Americas, Suite 501. New York, Purpose: any lawful activities. SSNY shall mail copy of process to c/o The (SSNY) on 02/17/06. Office location: New it may be served. SSNY shall mail process NY 10001. Principal business Location: 416 LLC, 315 E. 65th St., Ste. 1B, NY NY 10065. York County. SSNY has been designated West 23rd Street, 4B , NY, NY 10011. Purpose: Notice of Qualification of Shaka Capital to principal business location: c/o The LLC, Purpose: any lawful activities. as agent of the LLC upon whom process 370 Lexington Ave., Ste. 1410, NY, NY 10017. any lawful act. 891443 Holdings, LLC. Authority filed with NY Dept. against it may be served. SSNY shall mail a of State on 8/13/07. Office location: NY DE address of LLC: c/o United Corporate Notice of Formation of Rising Development – copy of process to the LLC, c/o VL Owners, Services, Inc., 874 Walker Road, Ste. C, Notice is hereby given that a License Number County. LLC formed in Delaware (DE) on Inc., ATTN: Sergei Perotine, Manager, 8 8/7/07. NY Secy. of State designated as agent 38 Main, LLC. Arts. of Org. filed with Secy. Dover, DE 19904. Arts. of Org. filed with (PENDING) for on-premises has Been applied of State of N.Y. (SSNY) on 9/6/07. Office Yellowstone Drive, Old Bridge, New Jersey DE Secy. of State, Townsend Bldg., Dover, for by the undersigned to sell Liquor at retail of LLC upon whom process against it may be 08857. Purpose: For any lawful purpose. served and shall mail process to the principal location: NY County. SSNY designated as DE 19901. Purpose: any lawful activity. in a Restaurant under the Alcoholic Beverage business address of the LLC: 27 Century agent of LLC upon whom process against it Control Law at 2 Lexington Avenue, New York, may be served. SSNY shall mail process to: Notice of Formation of PH II Realty Associates Notice of Qualification of Dollar Land NY 10010 for on-premises consumption. Ridge Rd., Purchase, NY 10577, Attn: Arif LLC, Art. of Org. filed Sec'y of State (SSNY) Associates LLC. Authority filed with NY Dept. Imam. DE address of LLC: c/o Corporation The LLC, 3261 Broadway, NY, NY 10027. 2 LEXINGTON AVENUE BAR COMPANY LLC Purpose: any lawful activity. 1/11/01. Office location: NY County. SSNY of State on 5/18/07. Office location: NY County. Service Co., 2711 Centerville Rd., Ste. 400, designated as agent of LLC upon whom LLC formed in Delaware (DE) on 4/30/07. NY Wilmington, DE 19808. Arts. of Form. filed Name of LLC: Uphook filed Ny. dept of state Notice of Qualification of Centurion Global process against it may be served. SSNY shall Secy. of State designated as agent of LLC 05/31/07. County of New York sec. of state with DE Secy. of State, 401 Federal St., Ste. 4, mail copy of process to Kenneth J. Rosen, upon whom process against it may be served Dover, DE 19901. Purpose: any lawful activity. Partners, L.P. Authority filed with Secy. of designated agent of LLC Upon whom process State of N.Y. (SSNY) on 8/30/07. Office Esq., 67 Wall St., 19th Fl., NY, NY 10005. and shall mail process to: c/o CT Corporation against it may be served, secretary of state Purpose: any lawful activities. System, 111 8th Ave., NY, NY 10011, Shall mail copy of process to Ice: aka Gayle Notice of Qualification of Blackstone location: NY County. LP formed in Delaware registered agent upon whom process may be Johnson 130 Jane St. New York 10014. Mezzanine Capital Commitment Partners II (DE) on 8/22/07. SSNY designated as agent Notice of Qualification of KFGF Management, served. DE address of LLC: 1209 Orange St., Purpose: any lawful activity. L.P. Authority filed with NY Dept. of State of LP upon whom process against it may be served. SSNY shall mail process to principal LLC. Authority filed with Secy. of State of Wilmington, DE 19801. Arts. of Org. filed with on 6/1/07. Office location: NY County. N.Y. (SSNY) on 8/1/07. Office location: NY DE Secy. of State, Townsend Bldg., Dover, DE Principal business address: 345 Park Ave., business location: 101 Park Ave., NY, NY 10178. DE address of LP: c/o Corporation County. Principal business location: 787 19901. Purpose: any lawful activity. NY, NY 10154. LP formed in Delaware (DE) Seventh Ave., 6th Fl., NY, NY 10019. LLC Coming Up on 5/27/05. NY Secy. of State designated as Service Company, 2711 Centerville Road, Ste. 400, Wilmington, DE 19808. Name/address formed in Delaware (DE) on 6/27/07. SSNY Notice of Qualification of NY Credit Operating agent of LP upon whom process against it designated as agent of LLC upon whom Company LLC. Authority filed with Secy. of on the Calendar may be served and shall mail process to: of each genl. ptr. available from SSNY. Cert. of LP filed with DE Secy. of State, 401 process against it may be served. SSNY shall State of N.Y. (SSNY) on 8/8/07. Office location: c/o CT Corporation System, 111 8th Ave., mail process to: c/o Corporation Service NY County. Principal business location: 230 NY, NY 10011, registered agent upon whom Federal St., Dover, DE 19901. Purpose: any lawful activity. Company (CSC), 80 State St., Albany, NY Park Ave., Ste. 1160, NY, NY 10169. LLC process may be served. DE address of LP: 12207. DE address of LLC: c/o CSC, 2711 formed in Delaware (DE) on 4/5/07. SSNY October 1st c/o The Corporation Trust Co., 1209 Orange Centerville Road, Ste. 400, Wilmington, DE designated as agent of LLC upon whom St., Wilmington, DE 19801. Name/address Notice of Qualification of Investor Education Fastest Growing Collaborative, LLC, App. for Auth. filed Sec'y 19808. Arts. of Org. filed with DE Secy. of process against it may be served. SSNY shall of genl. ptr. available from NY Secy. of State, 401 Federal St., Ste. 4, Dover, DE mail process to: c/o Corporation Service State. Cert. of LP filed with DE Secy. of of State (SSNY) 4/16/04. Office location: Companies NY County. LLC org. in DE 4/1/04. SSNY 19901. Purpose: any lawful activity. Company (CSC), 80 State St., Albany, NY State, 401 Federal St., Dover, DE 19901. 12207. DE address of LLC: c/o CSC, 2711 Purpose: any lawful activity. designated as agent of LLC upon whom process against it may be served. SSNY Notice of Qualification of Turtle Creek Centerville Road, Ste. 400, Wilmington, DE Investment Advisors, LLC. Authority filed 19808. Arts. of Org. filed with DE Secy. of Notice of Formation of Pinky Wolman Designs shall mail copy of process to 17 State St., October 8th NY, NY 10004. DE office addr.: c/o CSC, with Secy. of State of NY (SSNY) on 7/24/07. State, 401 Federal St., Ste. 4, Dover, DE 19901. LLC, Art. of Org. filed Sec'y of State (SSNY) Office location: NY County. LLC formed in Purpose: any lawful activity. 7/25/07. Office location: NY County. SSNY 2711 Centerville Rd., Wilmington, DE 19808. Small Business Cert. of Form. on file: SSDE, Townsend Delaware (DE) on 3/23/07. SSNY designated designated as agent of LLC upon whom as agent of LLC upon whom process against Notice of Formation of NewQuest Manager process against it may be served. SSNY shall Bldg., Dover, DE 19901. Purpose: any lawful activities. it may be served. SSNY shall mail process LLC. Arts. of Org. filed with Secy. of State mail copy of process to 15 Park Ave., #11A, to: Kirkpatrick & Lockhart et al, Attn: Holly D. of N.Y. (SSNY) on 8/31/07. Office location: NY, NY 10016. Purpose: any lawful activities. NY County. SSNY designated as agent of To place your classified Notice of Conversion of Cooperative Equities Hatfield, Esq, 599 Lexington Ave., NY, NY LLC upon whom process against it may be Group IV, a partnership, to Cooperative 10022-6030 . Address of principal office: 301 ad call John Gallagher Notice of Qualification of Arnhold and S. served. SSNY shall mail process to: c/o The Equities IV LLC. Cert. filed with Secy. of State East 75th St., Ste 16E, NY, NY 10021. Arts. of Bleichroeder Advisers Inc. Diversified LLC, 275 Madison Ave., Ste. 702, NY, NY @ 212-210-0189 of NY (SSNY) on 10/22/02. Office location: NY Org. filed with DE Secy. Of State, 401 Federal International Equity Fund LLC, App. for Auth. 10016. Purpose: any lawful activity. County. SSNY designated as agent of LLC St., Ste 4., Dover, DE 19901. Purpose: any filed Sec'y of State (SSNY) 5/17/07. Office lawful activities. location: NY County. LLC org. in DE 8/6/02. upon whom process against it may be served SSNY designated as agent of LLC upon and shall mail process to: Philip Brody, c/o Notice of Qualification of First Eagle Value In whom process against it may be served. Time Equities, Inc., 55 5th Ave., 15th Fl., Biotechnology Fund (QP), LP, App. for Auth. SSNY shall mail copy of process to Attn: NY, NY 10003, registered agent upon filed Sec'y of State (SSNY) 7/7/05. Office Mark Goldstein, 1345 Ave of the Americas, whom process may be served. Purpose: location: NY County. LP org. in DE 7/5/05. NY, NY 10105. DE office addr.: c/o CTC, 1209 any lawful activity. SSNY designated as agent of LP upon whom Orange St., Wilmington, DE 19801. Cert. of process against it may be served. SSNY shall Form. on file: SSDE, Townsend Bldg., Dover, Notice is hereby given that a License Number mail copy of process to Attn: Daniel Declue, DE 19901. Purpose: any lawful activities. (PENDING) for on-premises has Been applied 1345 Ave of the Americas, NY, NY 10105. DE for by the undersigned to sell Liquor at retail office addr.: c/o CSC, 2711 Centerville Rd., Notice of Qualification of 2500/2700 in a restaurant under the Alcoholic Beverage Wilmington, DE 19808. Cert. of LP on file: Westchester Avenue SPE LLC. Authority filed Control Law at 103 Essex Street, New York, SSDE, Townsend Bldg., Dover, DE 19901. with Secy. of State of N.Y. (SSNY) on 1/18/07. NY 10002 for on-premises consumption. Name/addr. of each gen. ptr. avail. at SSNY. Office location: NY County. LLC formed in L.E.S DEVELOPMENT LLC, d/b/a TENEMENT Purpose: any lawful activities. Delaware (DE) on 12/20/06. SSNY designated as agent of LLC upon whom process against VENICE II LLC. Arts. of Org. filed with the VERDE ENVO LLC Articles of Org. filed NY it may be served. SSNY shall mail process to: SOS of NY (SSNY) on 7/23/07. Office loc.: Sec. of State (SSNY) 5/31/07. Off. in 625 Reckson Plaza, Uniondale, NY 11556. DE NY County. SSNY designated as agent of Westchester Co. SSNY desig. agent ot LLC address of LLC: 1209 Orange St., Wilmington, LLC upon whom process against it may be upon whom process may be served. SSNY DE 19801. Cert. of Form. filed with DE Secy. served. SSNY shall mail process to: Irving shall mail copy of process to the principal of State, P.O. Box 898, Dover, DE 19903. J. Gotbaum, 568 Broadway, Suite 505, New address of the LLC: 24 Midland Ave, Yonkers, Purpose: any lawful activity. York, NY 10012. Purpose: any lawful activity. NY 10705. Purpose: Any lawful activity.

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BUSINESS TABLE TALK The Tourondel team scores again with BLT Market PAGE 50 arnold adler arnold

GOTHAM GIGS RELIEVED: “I thought I was a little bit bonkers,” says technology expert Swingin’ Anne Keating. GEORGE GEE, who calls himself the Buddha of Boogie, has led his own big band orchestra for 27 years. Such groups make $500 to $1,000 per musician in New York, depending on the event. NY, NY Mr. Gee, whose idols include Count Basie and Benny Goodman, started the 17-piece ensemble in Pittsburgh and moved it to his native New York in 1990. “It was time to come back,” he says. “As the song says, ‘If you can make it here, you can make it anywhere.’ ” JUMP, JIVE AND WAIL With five albums out, Mr. Gee and his band perform regularly at such venues as the Rainbow Room and the Supper Club, and for Lincoln Center’s Midsummer Night’s Swing. The orchestra also entertained at Ozzy Osbourne’s 50th birthday party and has appeared with Bill Cosby at Disney World several times. IN THE MOOD As bandleader, Mr. Gee is responsible for getting the crowd moving. “Sometimes folks need a little egging on,” he says. “That’s where I come in.” —adrianne pasquarelli EXPERT OPINIONS WHERE CAN I WATCH SOCCER ON TV? if you can’t get games at home, visit a pub. A lot of fans frequent Nevada Smith’s, in the East Village, one of the levinekarjean first pubs in the marketplace to show soccer.There’s also McCormack’s in Murray Hill, MAKING the Red Lion in Greenwich CONTACT Village and Clancy’s on the Asperger’s on the job WAYS TO IMPROVE the Upper West Side. Each pub workplace for employees has its own flavor. Nevada’s with Asperger’s: crowd gets into hard-core Condition includes obsessive focus, repetition singing and chanting, and I SPEAK instead of plenty of pints go around, BY TOM FREDRICKSON using gestures or whereas the other three serve nonverbal cues nne keating is prone to panic when someone makes small changes in traditional English and Irish I BE SPECIFIC about breakfasts.They get pretty her schedule, like moving an appointment from 6 p.m. to 5:30 p.m. She when projects are crowded but show all the becomes anxious when dining with others in a crowded restaurant because due Football Association games. —peter holland all the conversations merge into one. What she considers a straightforward I MINIMIZE CHANGES Founder discussion at the office can erupt into confrontation without her in routine Manchester understanding how or why. I EDUCATE OTHERS in United “I thought I was a little bit bonkers,” says Ms. Keating, 44, chief Membership the workforce about and Supporters technology officer at General Theological Seminary in Manhattan. the disorder Club USA But when she was told a year ago that she has See ASPERGER’S on Page 46 istockphoto A September 24, 2007 | Crain’s New York Business | 45 CNYB 09-24-07 A 46 9/20/2007 8:27 PM Page 1

BUSINESS LIVES Asperger’s in the workplace OVERCOMING OBSTACLES SHE DOESN’T normally show much emotion, but Continued from Page 45 however.They have difficulty read- Difficulty returning someone’s Devin McGhee jumped up and down when she Asperger’s Syndrome, a relatively ing body language and maintaining gaze is a consistent problem. The was hired for an office job at Daylight Forensic & mild form of autism often found in eye contact. disorder involves disruptions with Advisory, a Manhattan accounting firm. people with above-average intelli- The condition’s symptoms may digesting sensory information, so “I call this my dream job,” says Ms. McGhee, gence, Ms. Keating felt a lot better. seem trivial to others but can lead to registering changes in expression— 29. “I have been working a long time to get it.” “It was a real relief that these ostracism, misunderstanding and particularly when simultaneously Though those with Asperger’s frequently blend were not all separate things but failure on the job. Some aspies can processing speech—is simply over- in at the office, people like Ms. McGhee, who has signs of extreme stress coming from change their behavior to make their whelming to them.Ms.Keating,for classic autism, are unlikely to find employment a single cause,” she says. “I was not work lives easier;others can’t and re- example, used to watch people’s without the help of special programs. simply falling apart.” main chronically unemployed. mouths when they spoke. She got her position through YAI/National It’s estimated that about 1 mil- Eric Serxner, 40, a Brooklyn res- Despite the many challenges,Ms. Institute for People with Disabilities, which each lion people in the United States, in- ident who has worked off the books Keating earned a doctorate in Amer- year helps about 200 developmentally disabled roger hagadone cluding 25,000 in New York City, at warehouses but is unemployed, ican Studies and was an adjunct pro- Devin McGhee has found her New York City residents find jobs. “dream job.” have Asperger’s. had a crack a few years ago at his ide- fessor at New York University and Because it’s important for autistic people to The disorder was first described al job: working in a large video store. other colleges. She mastered com- have a structured routine, Ms. McGhee gets a daily list of her duties. Her 20- by an Austrian doctor in 1943 but puters on her own while teaching. not formally recognized by the The eyes have it “These profound interests are hour-a-week job includes stocking the pantry, filling the copying machines American Psychiatric Association mr. serxner took an entertain- what many aspies have in place of and ordering supplies. until 1994. More adults and young ment-trivia test as a precursor to an social contacts and friendships and Since starting in February, she hasn’t missed a single day. people are now receiving a diagno- interview at Virgin Megastore in relationships,” she says. sis of Asperger’s. Some are mildly Union Square. He scored higher on Ms.Keating became a consultant affected, while others are severely the movie portion than almost any- to supplement her small teaching Burnley, executive vice president at Ms. Keating is careful about dis- impaired, says Fred Volkmar, a pro- one the company had ever quizzed, income, and writing a book about the General Theological Seminary. closing her condition, however. She fessor of child psychiatry, pediatrics he says,matching actors with Oscar- technology in higher education “It enabled me to say,‘Anne, you are usually offers an excuse, like saying and psychology at Yale University. winning films and listing the years helped her break into the field of looping; tell me the next part,’ she needs to sit at the front to hear It isn’t unusual to find “aspies,”as they were made.Virgin called him in university computer networks. which she is able to do graciously.” better, and warns people that she they are called, working as account- about a managerial job, but he blew After learning about her condi- Ms. Burnley also told Ms. Keat- tends to repeat herself under stress. ants, engineers and computer spe- the interview because he couldn’t tion, Ms. Keating told her boss that ing that she didn’t have to move to a “When you admit to suffering cialists, and in other professions look the interviewer in the eye. it is Asperger’s that causes her to be- temporary office during remodel- from something like this, you risk that benefit from the craving for or- “People think you are dishonest come nervous and repeat herself in- ing until she had finished a project having people look at you and think der and routine that aspies com- when you can’t make eye contact and cessantly when confronted with even she was working on. “Anne couldn’t you are less than competent,” Ms. monly possess. your eyes are constantly shifting back mild contradiction or questioning. possibly be a better employee— Keating says. Their obsessive attention to de- and forth,”says Mr.Serxner,who was “When she explained Asperg- what her telling me did was make tail makes them socially awkward, diagnosed with Asperger’s in 2000. er’s,it all made sense,”says Maureen me a better employer.” COMMENTS? [email protected]

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46 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 47 9/20/2007 6:04 PM Page 1

BUSINESS LIVES CORPORATE LADDER Robert Iommazzo Outsider to inner circle Scalamandré hires categories, such as bedding and tableware, as well as enter overseas PERSONNEL FILE experienced hand markets and partner with celebrity designers to create buzz. COMPANY Scalamandré Silks Inc. to rejuvenate, expand TITLE President On a quest for cash family-run textile firm to make such moves, Scalaman- AGE 59 dré will need cash. Mr. Iommazzo is RÉSUMÉ Principal, Nachman- BY ELISABETH BUTLER CORDOVA already talking with private equity HaysBrownstein Inc.; CEO, Apple investors about selling a minor- Tree Art Publishing; CEO, Papel hen first lady ity stake in the business, which Freelance Laura Bush re- would be another first for the firm. decorated the Most important,the energetic exec- PET PEEVE Slow walkers Green Room in utive must make these changes PERSONAL DETAIL Married his the White House without tarnishing Scalamandré’s college sweetheart thisW past summer, she called on storied reputation among the up- Scalamandré Silks Inc. to provide scale interior designers and archi- the opulent silk moiré wall cover- tects it counts as clients. The brand By bringing an outsider into

ings that would complete the room’s does not sell at retail. the inner circle, the scions are look- byrne daniel new look. Directing a family-owned busi- ing to give the staid family busi- For more than 80 years, high- ness is challenging for any outsider, ness an edge. York School of Interior Design. ry to a more manageable 2,500 items. profile clients like Mrs. Bush have but Mr. Iommazzo has an inside Mr. Iommazzo has experience Next,he aims to generate buzz by relied on designs from the family- advantage. Before joining Scala- Shifting perspectives heading up companies in transition. partnering with a top fashion de- owned textile firm to update their mandré full-time, he worked with “we’re taking the company in a He previously served as chief exec- signer, such as Diane von Fur- dwellings. Now, a newcomer is owners Mark and Robert Bitter, direction that is more forward- utive of two giftware companies,Pa- stenberg or Vera Wang,to produce a planning to update Scalaman- grandsons of founder Franco Scala- thinking,” Mark Bitter says. “We pel Freelance and Apple Tree Art co-branded line of bedding. Scala- dré. Robert Iommazzo, who was mandré, as a principal of consulting needed some fresh blood to get that Publishing, using outside-of-the- mandré started a similar partnership named president last month, is firm NachmanHaysBrownstein Inc. done.” He declines to disclose the box strategies to revamp those firms. this summer,when it launched a line the first outsider to be appointed During his two years as Scala- firm’s revenues, saying only that the He revived Apple Tree by selling art of furniture with luxury house to a top executive post at the firm. mandré’s adviser, Mr. Iommazzo business generates more than $35 prints in bodegas around the city. Henredon. “The family is really looking to helped the firm refinance its debt million a year. To spruce up Scalamandré, he’ll “Scalamandré has a brand name expand its horizons,” Mr. Iommaz- and cut costs by moving most of its Industry insiders agree that retire thousands of older fabrics, that is truly exceptional,” Mr. Iom- zo says. production to Europe and Asia from Scalamandré needs new ideas. wallpapers and trims.The company mazzo says. “We’re in a position to Mr. Iommazzo has big plans for South Carolina. “They don’t have the promi- offers 6,000 products,some of which do some really great things.” achieving that goal. He wants to “We needed to focus on our core nence they once had,” observes sell for as much as $4,500 a yard;Mr. push the brand into new product strategy:design,”Mr.Iommazzo says. Scott Ageloff, dean of the New Iommazzo wants to cull the invento- COMMENTS? [email protected]

September 24, 2007 | Crain’s New York Business | 47 CNYB 09-24-07 A 48 9/20/2007 8:30 PM Page 1

BUSINESS LIVES

EXECUTIVE MOVES

ACCOUNTING & CONSULTING executive vice president and head of LAW AlixPartners: Steven Filchock, 41, joined digital media. He had been a director at HOT JOBS Dewey Ballantine: Charles F.Carroll, 49, as director, finance. He had been a N-Gen Studios. joined as partner. He had been vice principal at Deloitte Consulting. president, deputy general counsel and Harvey Rubinson, 64, joined as director, ARCHITECTURE & DESIGN WANTED: corporate secretary at KB Home. finance. He had been a managing SBLM Architects: Edward W. Bredow, 52, Frankfurt Kurnit Klein & Selz: Elizabeth L. director at XRoads Solutions Group. joined as senior project manager. He CHIEF FINANCIAL OFFICER Lascoutx, 56, joined as counsel. She was Bain & Co.: John Frelinghuysen, 42, joined had been a director at BL Cos. formerly a director at the Council of as partner. He was formerly a vice COMPANY Mimeo.com Better Business Bureaus Inc. president at Booz Allen Hamilton. FINANCE & INSURANCE Jones Day: Carolyn Joy Lee, 50, joined as Bluewolf: Randy Rodriguez, 50, joined as Jefferies & Co.: Jordan White, 37, joined JOB DESCRIPTION Manage accounting, finance and legal operations partner. She had been a partner at director, central region. He had been a as head of special situations, equities. MOST IMPORTANT TASKS Maintain accurate financial records and Roberts & Holland. vice president at GMAC. He was formerly an executive director at Phillips Nizer: Wilfredo Pesante, 54, joined Deloitte Financial Advisory Services: Morgan Stanley. establish relationships with investors and financial institutions as partner. He was formerly a principal Gregory C. Swinehart, 46, was promoted Mitsubishi UFJ Securities (USA) Inc.: CREDENTIALS NEEDED 10 to 15 years of accounting experience, with at Pesante & Associates. to national leader, forensic and dispute Randall Chafetz, 48, was promoted to strong planning, organizational and analytical skills Proskauer Rose: Timothy M. Clark,41, services, from regional managing chief operating officer from executive joined as partner. He had been a partner partner. vice president and head of investment SALARY Minimum $190,000 annually, based on experience at Dechert. Prophet: Russell Brackett, 49, joined as banking. RECRUITER Internal Keisha-Ann G. Gray, 33, joined as senior partner. He was formerly vice president Pine Brook Road Partners: Craig Jarchow, counsel. She had been an assistant U.S. and client partner at Gen3 Partners. 47, joined as managing director. He was DOWNSIDE Following former CFO, who co-founded the firm nine years attorney for the Eastern District of New Phyllis Rothschild, 40, joined as partner. formerly a director at First Reserve ago York. She had been a director at Mercer Corp. Reed Smith: Christopher Bennett,36, Management Consulting. Shelterwood Financial Services: William UPSIDE Chance to be a part of a fast-growing local tech company joined as partner. He had been a senior Schonbraun McCann Group: Barry M. E. Rankin, 55, was named president and Former CFO John Delbridge became chief operating officer earlier this associate at Latham & Watkins. Barovick, 58, joined as partner, strategy chief executive. He had been chairman Harry A. Kritzer, 53, joined as counsel. group. He was formerly senior at Atlantic Trust Co. and chief executive month. The Manhattan firm, which is venture-backed, specializes in He had been of counsel at Wachtel & managing partner at HelixGlobal, which at Stein Roe Investment Counsel. online management, printing and distribution of documents for small Masyr. he co-founded. Trenwith Securities: Gregory Mark Hill, and midsize businesses. —AMANDA FUNG Liz Kulik, 51, joined as partner, strategy 42, joined as managing director. He was MEDIA & ENTERTAINMENT group. She was formerly senior formerly a director at Tsinghua Capital Associated Content: Dan Shanoff, 34, managing partner at HelixGlobal, which Management. joined as vice president, content. He she co-founded. U.S. Trust, Bank of America Private was formerly a columnist at Wealth Management: Jennifer Bowes- ESPN.com. ADVERTISING & COMMUNICATIONS McCann, 31, joined as trust officer. She HIGH TECH & NEW MEDIA as vice president, product development Hachette Filipacchi Media U.S.: Tom AzoogleAds: Michael Sprouse, 33, joined had been an associate at Rubinstein & FeedRoom Inc.: Mark Portu, 44, joined as and user experience. He had been a Donohue, 51, was named senior vice as chief marketing officer. He had been Rubinstein. chief executive and president. He had senior director at the Hertz Corp. president and chief technology officer, senior vice president of marketing at Vincent Savino, 39, joined as trust been a senior vice president at Open Mark Spielman, 49, joined as vice a new position. He had been a vice Playboy Enterprises. officer. He had been an attorney in Text Corp. president, business development. He had president at Reed Business TBA Global: Tim McCord, 44, joined as private practice. SharedBook Inc.: Peter Budd, 43, joined been a principal at MHS Consulting. Information.

48 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 49 9/20/2007 8:33 PM Page 1

JumpTV Inc.: William Stephen, 58, was to executive managing director from 168th street development. appointed head of global sales. He was senior managing director. formerly senior vice president of sales Erik Schmall, 41, was promoted to senior be part of the big picture. and strategy at LAT34.com. managing director from corporate National Basketball Association: Kerry D. managing director. Chandler, 43, joined as senior vice Dan Posy, 30, was promoted to president, human resources. She had managing director from associate. been senior vice president, corporate Jason Schwartzenberg, 31, was promoted responsibility, at The Walt Disney Co. to managing director from assistant Qtrax: J. Christopher Roe, 35, joined as director. chief technology officer. He was formerly chief technology officer at SERVICES AFG Interactive. IAG Research: Eric M. Gould, 42, was Rainbow Media Holdings: Olivia Dupuis, named president and continues as chief 28, was named director, corporate information officer. SEEKING PROPOSALS FOR ... communications. She had been an Peace of Mind Technologies: Michael The New York City Economic Development Corporation is seeking account director at Goodman Media Mitkowski, 35, joined as project International Inc. manager. He was formerly project proposals for the sale and redevelopment of a site, potentially Sony/ATV Music Publishing: Peter manager at Visual Management 300,000+ sq ft, located within the newly approved Jamaica Rezoning Brodsky, 44, joined as executive vice Systems. president, business and legal affairs. He Union Square Partnership: Thomas District in Jamaica, Queens. had been senior vice president, legal and Curitore, 44, joined as director of business affairs, at BMG Music operations. He was formerly Staten Publishing. Island borough commissioner for the RESPONSES ARE DUE NO LATER THAN 4:00 p.m. on Thursday, Sundance Channel: Jean Claude city Department of Transportation. November 29, 2007. Submission guidelines and requirements are Cancedda, 42, joined as creative director, —adrianne pasquarelli print and broadcast design. He had and sarah studley outlined in the RFP, which can be downloaded at www.nycedc.com/rfp, been design director at the Food or picked up at NYCEDC, 110 William Street, 6th floor, New York, NY, Network. EXECUTIVE PROMOTIONS Monday - Friday, between 9:30 a.m. and 4:30 p.m. REAL ESTATE Crain’s lists the promotion and hiring of New York Fortuna Realty Group: Ben Haghani, 26, area senior executives on a space-available basis, joined as director of acquisitions, a new with priority given to positions in New York City. position. He had been a vice president at The fastest way to get an announcement into Paramount Corp. Crain’s is to submit details online by filling out the Halstead Property: Bess Dulany, 42, form at www.NewYorkBusiness.com/submit. joined as director of sales, Brooklyn. She The Executive Moves column is also available had been manager and owner of Harbor online. REQUEST FOR PROPOSALS View Realty. Crain’s cannot confirm receipt of listings or say Studley: Marc Shapses, 43, was promoted when they will appear.

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September 24, 2007 | Crain’s New York Business | 49 CNYB 09-24-07 A 50 9/20/2007 7:15 PM Page 1

BUSINESS LIVES TABLE TALK icate puff pastry wraps a juicy chunk by Bob Lape of sausage heaped with Gruyère cheese,sauerkraut and a dot of Ray’s artisanal mustard from Maine. An Autumn is Open. all-American charcuterie board sports tissue-thin curls of prosciut- to from Iowa and wild boar pro- sciutto from upstate, with butter pickled vegetables for counterpoint. Dinner Tuesday, September 25th at 6pm Warm baguettes of bread are paint- ed with garlicky pesto butter. A menu column listing what’s in season serves to keynote many dish- es. Among appetizers ($12 to $25), ###### Time Out New York an heirloom tomato and watermel- on salad incorporates Vidalia onion #### and Westfield sheep’s milk cheese. Crain’s New York Business Softshell crabs play off a mélange of grilled local corn, dates and pickled ramps.The best grilled octopus I’ve had anywhere starred with cranber- ry beans and Valencia orange dress- ing in an August special salad that I hope returns. Throughout the menu, the Tourondel kitchen crew led by chef de cuisine David Malbequi wrings utmost flavor intensity from farm- fresh ingredients, and tastes are bright, clear and wonderful. Pan-seared langoustines part- nered with basil broth-scented risotto and Wisconsin stravecchio Park Avenue Autumn cheese make a memorable medley, 100 E. 63rd at Park Avenue and rigatoni tossed with summer squash and Esposito sausage almost 212.644.1900 shouts “Just in!” and “Delicious!” www.parkavenyc.com BLT Market main courses please up and down the price points, from veal-and-pork ricotta meatballs with rosemary cornmeal and pea shoots, to roasted Jamison Farm lamb loin. Gnocchi and minted fava bean purée accompany the tender lamb.A six-inch-high stack of shoe- A MATTER OF buck ennis photos Perspective CREATORS OF FINE DINING: Laurent Tourondel (left) and David Malbequi of BLT Market, where informality and whimsy are blended with a dash of sophistication and elegance. Tourondel team scores on park BLT MARKET BLT Market specializes of Manhattan magnetism and Cen- 1430 Sixth Ave. tral Park serenity. It blends infor- (at Central Park South) in fresh, seasonal food mality and whimsy with a soupçon (212) 521-6125 M&K takes a closer look. in country-chic setting; of sophistication and elegance. ###½ It’s been a long wait for the arrival As certified public accountants and business consultants, cheese only quibble of chef Tourondel, just honored by CUISINE Seasonal new American we understand that the difference is in the details. From number - Bon Appétit as its restaurateur of the year; service-meister Keith Treyball; WINES 620 choices, 17 by the crunching to strategic business planning, M&K looks at your lt market, a perfect and BLT Group financial guru Jim- glass; sommelier business and financial situation from every point of view. It’s not just union of the Bistro Lau- my Haber. Opening the restaurant’s DRESS No code rent Tourondel team and sides to the avenue and creating its about the bottom line, but how you get there. That’s the M&K Way. NOISE LEVEL Lively the Ritz-Carlton New own entrance involved many engi- York, personifies fine neering and construction challenges. PRICE RANGE $26-$43 Bdining in New York, circa 2007. Step past the beach umbrella- WINE MARKUP 175%-215% It is pretension-free, fresh ingre- covered al fresco seating and dient-driven, and bursting with de- through the revolving door into a CREDIT CARDS All major licious food, attentive professional bright, clean country-chic setting RESERVATIONS Essential service, clever cocktails and oceans done in coffee and cream tones.An- Marcum & Kliegman LLP of wine framed against a backdrop tique farm tools, reclaimed wood HOURS Breakfast, daily, Certified Public Accountants & Consultants furniture and a wide-plank oak floor 7-11 a.m.; Lunch, Mon.-Sat., NEW YORK 11:45 a.m.-2 p.m.; Dinner, daily, Can you guess combine with Marilyn Sommer’s MELVILLE www.MKLLP.com bold paintings of colorful produce 5:30-10 p.m.; Brunch, Sun., 800.921.0777 what this image is? 11:45 a.m.-2:30 p.m. GREENWICH Email your answer to: and photographer Quentin Bacon’s GRAND CAYMAN portraits of BLT Market purveyors. ####= Outstanding [email protected]. That’s even better than having their ###= Excellent brand name on the menu. ##= Very good A slice of lip-smackin’ good pig- #= Good in-a-blanket starts meals here. Del-

50 | Crain’s New York Business | September 24, 2007 CNYB 09-24-07 A 51 9/20/2007 7:17 PM Page 1

string potatoes soars over succulent David Burke Fromagerie seasonal decor and menus. One of and Walker streets), Manhattan. stuffed Amish chicken Provençal. 26 Ridge Road (at Avenue of Two the Island’s best for food and (212) 625-1007. A culinary trail- As guests move through the de- Rivers), Rumson, N.J. drink. blazer returns to Manhattan with lightful preliminaries and mains, (732) 842-8088. Mr. Burke and his an artful, sophisticated contem- they should remember Laurent culinary crew celebrate the chef ’s re- Park Avenue Fall porary American restaurant, fea- Tourondel was a pastry chef earlier turn to his rustic roots. Hot and an- 100 E. 63rd Street (at Park Ave- turing tablecloths, fine service in his career, and desserts ($10 to gry lobster,scallops Benedict,Bronx nue), Manhattan. (212) 644-1900. and all. $11) dazzle. veal filet mignon and cheesecake From Quality Meats’ son-father Roasted cherries “jubilee” are pops feature among other whimsical team of Michael and Alan Still- Arthur’s Landing banked with Amaretti whipped treats. man, a truly seasonal restaurant, Pershing Circle, Port Imperial, cream and cherry sorbet, for in- with new decor, food and wine Weehawken, New Jersey. stance. Peach tart tatin is great with Four Food Studio every three months. Chef Craig (201) 867-0777. New chef Michael frangipane, black currants and and Cocktail Salon Koketsu and pastry dynamo Rich- Haimowitz ties up at the 16-year- frozen almond milk. My only quib- 515 Broadhollow Road (Route 110), ard Leach combine in a flavorful- old waterside window on Manhat- ble during several visits was insuffi- Melville, L.I. (631) 577-4444.New focus on the freshest ingredients. tan. His flavorful contemporary ciently ripe Mecox Sunrise cheese chef James McDevitt gives an food at the ferry port stirs new from Long Island. Asian-American savory charge to Dennis Foy ½ interest on the vibrant west shore PARK AVENUE FALL is a truly seasonal spot, BLT wine director Colin Camp- the $4 million showplace with its 313 Church St. (between Lispenard of the Hudson. with new decor and food every three months. bell has plenty to play with since his list incorporates a treasury of famous French bottles from the restaurant’s predecessor in the 600-plus options. In an only-in-New York mo- ment, sitting inside the restaurant’s windows, one could look out on a pretty woman ensconced at a terrace table being chatted up by a passerby seeking alms,or maybe a reservation. Alms would be easier to get.

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