Board of Directors Partnership For New York City CO-CHAIRMEN Jay S. Fishman, Chairman & CEO, Douglas L. Peterson, President & CEO, PARTNERSHIP FOR NEW YORK CITY Philippe P. Dauman, President & CEO, Viacom, Inc. The Travelers Companies, Inc. McGraw Hill Financial A Business Leadership Organization Laurence D. Fink, Chairman & CEO, BlackRock, Inc. Mark T. Gallogly, Managing Principal, Charles E. Phillips, Jr., Chief Executive Officer, Infor Centerbridge Partners Peter J. Powers, Chairman & CEO, VICE CHAIRS James P. Gorman, Chairman & CEO, Powers Global Strategies, LLC Candace K. Beinecke, Chair, Morgan Stanley Ian C. Read, Chairman of the Board & CEO, Hughes Hubbard & Reed LLP Barry M. Gosin, Chief Executive Officer, Pfizer Inc. Phillippe P. Dauman, President & CEO, Viacom Inc. Newmark Grubb Knight Frank James D. Robinson, III, Co-Founder & Klaus Kleinfeld, Chairman & CEO, Alcoa Inc. Jonathan N. Grayer, President & CEO, General Partner, RRE Ventures Mission Focus Weld North LLC Julio E. Rojas, Chief Executive Officer, Americas, PRESIDENT & CEO To engage the business Robert Greifeld, Chief Executive Officer, Standard Chartered Bank A Network of Business Leaders Kathryn S. Wylde, President & CEO, The NASDAQ OMX Group, Inc. Wilbur L. Ross, Jr., Chairman & CEO, community in efforts to advance The Partnership is a nonprofit membership organization comprised of a select group Partnership for New York City Gerald L. Hassell, Chairman & CEO, BNY Mellon WL Ross & Co. LLC the economy of New York City of two hundred CEOs (“Partners”) from New York City’s top corporate, investment and FOUNDING CHAIRMAN Glenn H. Hutchins, Co-CEO, Silver Lake Michael I. Roth, Chairman & CEO, entrepreneurial firms. Partners are committed to working closely with government, labor David Rockefeller Kenneth M. Jacobs, Chairman & CEO, Lazard Ltd Interpublic Group and maintain the city’s position and the nonprofit sector to enhance the economy and maintain New York City’s position Steven A. Kandarian, Chairman, President & CEO, Steven Roth, Chairman, Vornado Realty Trust as the center of world commerce, as the global center of commerce, culture and innovation. Lee S. Ainslie, III, Managing Partner, Maverick Met Life, Inc. Howard J. Rubenstein, President, Capital Jill Kaplan, Publisher, Crain’s New York Business Rubenstein Associates, Inc. finance and innovation. Through Enhancing the City’s Economy Ajay S. Banga, President & CEO, MasterCard Charles R. Kaye, Co-President, Warburg Pincus LLC Mitchell E. Rudin, President & CEO, U.S. Commercial Worldwide the Partnership Fund for New The Partnership focuses on research, policy formulation and issue advocacy at the city, Henry R. Kravis, Co-Chairman & Co-CEO, Operations, Brookfield Office Properties Inc. David Barger, President & CEO, state and federal levels. By leveraging its network of Partners, the Partnership has the Kohlberg Kravis Roberts & Co. William C. Rudin, CEO and Vice Chairman, York City, the Partnership JetBlue Airways Corporation unique ability to go beyond advocacy to action. Through its affiliate, the Partnership William P. Lauder, Executive Chairman, Rudin Management Company, Inc. Frank A. Bennack, Jr., Executive Vice contributes directly to projects Fund for New York City, the Partnership directly invests in economic development The Estée Lauder Companies, Inc. Kevin P. Ryan, Chairman & CEO, Hearst Corporation projects in all five boroughs of the city. Rochelle B. Lazarus, Chairman Emeritus, Chairman & Founder, Gilt that create jobs, improve Stephen Berger, Chairman, Ogilvy & Mather Worldwide Alan Schwartz, Executive Chairman, Odyssey Investment Partners, LLC economically dis-tressed Research and Policy Richard S. LeFrak, Chairman & CEO, Guggenheim Partners, LLC William H. Berkman, Managing Partner, The Partnership serves as a resource of expertise and creative thinking for public policy The LeFrak Organization Stephen A. Schwarzman communities and stimulate new Associated Partners, LP makers, the media and others who are trying to understand and stimulate the growth of Martin Lipton, Senior Partner, Chairman, CEO & Co-Founder, Mark T. Bertolini, Chairman, CEO & President, business creation. Wachtell, Lipton, Rosen & Katz The Blackstone Group the New York City economy. The Partnership formulates policy by sponsoring economic Aetna Inc. Terry J. Lundgren, Chairman, President & CEO, Jerry I. Speyer, Chairman & Co-CEO, impact studies, conducting business surveys, and convening task force panels and Jeffrey L. Bewkes, Chairman & CEO, Macy’s Inc. Tishman Speyer conferences for Partners, economic experts, public officials and other constituencies Time Warner Inc. Howard W. Lutnick, Chairman & CEO, Frederick O. Terrell , Vice Chairman, concerned with economic development. Leon Black, Founding Partner, Cantor Fitzgerald L.P. Investment Banking, Credit Suisse Apollo Management, L.P. Bridget A. Macaskill, Chief Executive Officer, Mary Ann Tighe, Chief Executive Officer, Issue Advocacy Michael W. Blair, Presiding Partner First Eagle Investment Management, LLC NY Tri-State Region, CBRE, Inc. At City Hall and in Albany and Washington, the Partnership provides the business Debevoise & Plimpton LLP Vikram Malhotra, Chairman of the Americas, James S. Tisch, President & CEO, community a voice on important economic issues. Lloyd C. Blankfein, Chairman & CEO, Loews Corporation Goldman Sachs & Co. McKinsey & Company, Inc. John B. Veihmeyer, Chairman & CEO, KPMG LLP The Partnership agenda for 2012 will focus on four key areas: Jeff T. Blau, Chief Executive Officer, Joel S. Marcus, Chairman, CEO & Founder, George H. Walker, Chairman & CEO, The Related Companies, L.P. Alexandria Real Estate Equities, Inc. 1. Promote Pro-Jobs, Pro-Growth Policies: Helping government to identify and Neuberger Berman Group LLC Kathy Bloomgarden, Chief Executive Officer, Theodore Mathas, Chairman, President & CEO, enact pro-jobs, pro-growth tax, regulatory and investment policies is the top Christopher J. Williams, Chairman & CEO, Ruder Finn, Inc. New York Life Insurance Company The Williams Capital Group, L.P. priority of the Partnership. While the city is generally thriving as an entrepreneurial Tory Burch, Chief Executive Officer, Tory Burch LLC John McAvoy, CEO, ConEdison Company of New York, Inc., President, CEO, ConEdison Barry M. Wolf, and commercial center, its tax base is increasingly strained by demands to both Kenneth I. Chenault, Chairman & CEO, Executive Partner, Chair, Management provide a state-of-the-art platform for global business and to maintain high quality American Express Company Robert McCann, Chief Executive Officer, Americas, UBS Committee, Weil, Gotshal & Manges LLP services for a growing population. The City and State must continue to pursue H. Rodgin Cohen, Senior Chairman, Robert Wolf, Chief Executive Officer, Sullivan & Cromwell LLP Sherilyn McCoy, Chief Executive Officer, policies that make New York more competitive, more affordable and more attractive Avon Products, Inc. 32 Advisors, LLC Michael L. Corbat, Chief Executive Officer, to business and residents. Deborah C. Wright, Chairman & CEO, Citigroup Inc. Heidi Messer, Co-Founder, Chariman, Collective[i] Carver Bancorp Inc. 2. Promote Fiscal Responsibilty in All Levels of Government: Budget deficits plague Anthony J. De Nicola, Co-President, Tim Zagat, CEO & Co-Chair, Zagat Zurvey LLC all levels of government. The Partnership will continue to advocate for sound fiscal Welsh, Carson, Anderson & Stowe Eric M. Mindich, Chairman & CEO, Eton Park Capital Management, L.P. Strauss Zelnick, Chief Executive Officer, management and balanced solutions to deficit problems, including reductions in Chad Dickerson, Chief Executive Officer, ZelnickMedia Corporation Esty, Inc. Edward J. Minskoff, President, spending, reform of entitlement programs and commitment to economic growth. At Edward J. Minskoff Equities, Inc.. Mortimer B. Zuckerman, James Dimon, Chairman & CEO, the same time, the Partnership will insist that New York City receive a fair share of Chairman & CEO, Boston Properties; JPMorgan Chase & Co. Thomas Montag, Co-Chief Operations Officers, state and federal aid and that the state and federal governments provide relief from Bank of America Corporation Chairman & Editor-in-Chief, Irene M. Dorner, President & CEO, HSBC Bank USA mandates that limit flexibility and drive up costs of local government. Deanna M. Mulligan, President & CEO, US News and World Report; William R. Dougherty, Chairman, Executive Guardian Life Insurance Company of America Committee, Simpson Thacher & Bartlett LLP Chairman & Publisher, The New York Daily News 3. Focus on Talent: Economic growth depends on achieving the best prepared K. Rupert Murdoch, Chairman & CEO, Joel S. Ehrenkranz, Senior Partner, and most diverse talent pool, through a combination of education, workforce News Corporation EX OFFICIO Ehrenkranz Partner L.P. development and strategic immigration policies. Duncan L. Niederauer, Chief Executive Officer, William C. Dudley, President & CEO, Roger W. Ferguson, President & CEO, TIAA-CREF NYSE Euronext Federal Reserve Bank of New York 4. Promote Strategic Investment in Infrastructure: The efficient movement of goods, Alan H. Fishman, Chairman, David W. Heleniak, Senior Advisor, information and people is critical to a vibrant and dynamic economy. Modernization Jon Oringer, Founder & CEO, Shutterstock, Inc. 1/31/14 Ladder Capital Finance LLC Richard D. Parsons, Senior Advisor, Morgan Stanley PARTNERSHIP of aging infrastructure is required to accommodate the projected one million Providence Equity Partners Stephen R. Howe, Jr., Americas Area Managing for New York City additional people and 750,000 jobs that New York City expects to add by 2030. John Paulson, President, Paulson & Co., Inc Partner, Ernst & Young LLP Focus (continued...) Partner Companies Economic Development AECOM First Republic Bank Paul, Weiss, Rifkind, Wharton & Garrison LLP The Partnership Fund is the Partnership’s economic development arm. To date, the Fund A.T. Kearney, Inc. Fisher Brothers Paulson & Co., Inc. Membership Levels AT&T Forest City Ratner Companies Pearson has raised in excess of $110 million and made more than 100 investments in businesses AXA Equitable Gerson Lehrman Group, Inc. PepsiCo Partners and nonprofit projects that promote the local economy. Currently, the Fund is working on Accenture Gilt Pfizer Inc. establishing a commercial biotechnology cluster in the city. Aetna Inc. Glenwood Management Corp. Powers Global Strategies, LLC Partners are elected annually and Alcoa Inc. Goldman Sachs & Co. PricewaterhouseCoopers, LLP represent the top leadership of New Recent Accomplishments Alexandria Real Estate Equities, Inc. Grupo Salinas Proskauer Allen & Company LLC Guardian Life Insurance Company of America Providence Equity Partners York’s corporate, investment and New Statewide Economic Development Strategy — In 2007, the Partnership Ally Financial Inc. Guggenheim Partners, LLC Quest Diagnostics entrepreneurial communities. The collaborated with global management consulting firm A.T. Kearney to conduct an Altria Client Services, Inc. HDR, Inc. RBC Capital Markets, LLC roster of Partners is limited to two analysis of the State’s economic development programs. The report recommended that American Airlines HNTB Corporation RRE Ventures the State invest more strategically in activities that capitalize on academic and industry American Express Company HSBC Bank USA RXR Realty LLC hundred. American International Group, Inc. Hearst Corporation Red Apple Group, Inc. assets and focus on high-growth industries that create better paying jobs. These Anheuser Busch Companies, Inc. Hess Corporation The Related Companies, L.P. A Partner is a CEO-level executive recommendations formed the basis of the Excelsior Jobs Program, the State’s new Aon plc Hill+Knowlton Strategies Rockefeller Group International, Inc. of a New York City-based business economic development strategy that was enacted in June 2010. Apollo Management, L.P. Hines Rubenstein Associates, Inc. organization or a global business Arup Howard Hughes Corporation Ruder Finn, Inc. Cities of Opportunity — In March 2010 the Partnership and PriceWaterhouseCoopers Associated Partners, LP Hughes Hubbard & Reed LLP Rudin Management Company, Inc. entity with a presence in New York City. issued the third installment of this internationally recognized, annual ranking of 21 world Astoria Energy LLC IAC SAP America Partners make a commitment to be cities on the basis of factors that are important to business attraction and economic Atco Properties & Management, Inc. IBM Corporation SL Green Realty Corp. personally involved in a peer-to-peer Aurelian Management Infor STV Inc. vitality. The 2010 report finds that New York City is emerging from the global recession Avon Products, Inc. Interpublic Group Sabey Corporation network and to draw on the resources as a winner, but with challenges from cities that offer lower costs and more “livable” BNY Mellon JPMorgan Chase & Co. Shearman & Sterling of their companies to support the environments. Bank of America Corporation Jamestown Properties LLC The Shubert Organization, Inc. Partnership’s agenda. Partners control Barclays PLC JetBlue Airways Corporation Shutterstock, Inc. The Costs of Airport Congestion — The Partnership published a report on the full BlackRock, Inc. Jones Lang LaSalle Sidley Austin LLP the governance and committees of the economic costs of air traffic congestion at the three major airports serving the New York The Blackstone Group K2 Intelligence LLC Siemens Corporation Partnership and set the Partnership’s Metropolitan Region. Grounded: The High Cost of Air Traffic Congestion found that flight Bloomberg L.P. KPMG LLP Silver Lake advocacy agenda. delays caused by air traffic congestion at Kennedy, Newark, and La Guardia airports were Booz & Company Kaufman Organization Silvercup Studios The Boston Consulting Group, Inc. Kirkland & Ellis LLP Silverstein Properties, Inc. responsible for more than $2.6 billion in annual losses to the regional economy in 2008. If Boston Properties Kohlberg Kravis Roberts & Co. Simpson Thacher & Bartlett LLP Corporate Partners no action is taken to reduce congestion, these losses will total $79 billion by 2025. Brookfield Office Properties Inc. Kramer, Levin, Naftalis & Frankel LLP Skadden, Arps, Slate, Meagher & Flom LLP Corporate Partner status is available to Brooklyn Nets Kushner Companies Société Générale Americas Professional Visa Crisis — The Partnership released a study showing how political Bryan Cave LLP Ladder Capital Finance LLC Standard Chartered Bank a company if the CEO is not available deadlock in Washington, D.C. on immigration is damaging the economy of the New CBRE, Inc. Lazard Ltd Sterling Equities personally to serve as a Partner or the York City metropolitan region, which has the largest concentration of the country’s CH2M HILL The Lefrak Organization STUDIOS Architecture company is not headquartered in New professional visas (known as H-1Bs) — 21% of the total. CI Capital Partners LLC Levine Builders Studley CIT Group Inc. Lightyear Capital Sullivan & Cromwell LLP York. Corporate Partners are included Congestion Relief — The Partnership released a breakthrough report that documented Cablevision Systems Corporation Loews Corporation Sumitomo Corporation of America among the two hundred business more than $13 billion a year in economic losses to the Metro Region because of excess Cantor Fitzgerald L.P. LVMH Moët Hennessy Louis Vuitton Inc. SunGard leaders elected as Partners and Capital One Bank M.R. Beal & Company Swiss Re America traffic congestion, focusing on the increased costs and revenue losses that result from Cauldwell Wingate Company MacAndrews & Forbes Holdings Inc. Sysco Corporation participate in governance and agenda traffic delays. Centerbridge Partners McDermott Will & Emery LLP TD Bank, N.A. setting. Centerview Partners Holdings LLC McGraw Hill Financial TIAA-CREF New York City School Reform Progress — The Partnership released a report which Christie’s McKinsey & Company, Inc. Taconic Investment Partners LLC identified a pattern of overall improvement in public education that can be traced to the Citigroup Inc. Macquarie Holdings (USA) Inc. Teneo Holdings Associate Partners introduction of mayoral control and the Department of Education’s “Children First” reform The Coca-Cola Company Macy’s, Inc. Third Point LLC agenda. Con Edison Madison Square Garden Thomson Reuters Associate Partners are entrepreneurs Condé Nast Publications, Inc. Malkin Holdings, LLC Thor Equities Inc. and CEOs of small businesses, agencies, Continental Grain Company Mason Capital Management, LLC Tiffany & Co. or organizations with a significant Historic Achievements The Corcoran Group, Inc. MasterCard Worldwide Time Warner Cable Inc. Crain’s New York Business Maverick Capital Time Warner Inc. profile in the city. Associate Partners, David Rockefeller Fellows Program — A tribute to the civic leadership of the Cravath, Swaine & Moore LLP MetLife, Inc. Tishman Construction Corporation whose membership is by invitation- Partnership’s founder, this annual program offers a select group of business executives Credit Suisse Microsoft Corporation Tishman Speyer only, are represented on various the opportunity to broaden their understanding of New York City’s public needs through Cushman & Wakefield, Inc. Milbank, Tweed, Hadley & McCloy LLP Titan seminars, site visits and discussions with top business and city leaders. Davis Polk & Wardwell LLP Mitsubishi International Corporation The Travelers Companies, Inc. governing bodies and committees Debevoise & Plimpton LLP Mitsui & Co. (U.S.A.), Inc. Trian Partners of the Partnership, ensuring that the New York City Housing Partnership — A former affiliate of the Partnership that Deloitte LLP Modell’s Sporting Goods UBS organization represents the full range promotes the development of affordable housing and revitalization of neighborhoods. Delta Air Lines, Inc. Moelis & Company Holdings LP United Airlines The Depository Trust and Clearing Corporation Moody’s Investors Service Verizon Communications, Inc. of diversity of the city’s business Since 1982, the Housing Partnership has sponsored the development of more than Deutsche Bank Americas Morgan Stanley Viacom Inc. community. 20,000 homes and apartments across the five boroughs. Durst Organization Inc. Morrison & Foerster LLP Vornado Realty Trust E-J Electric Installation Co. Mutual of America Life Insurance Company WL Ross & Co. LLC Breakthrough for Learning — The Partnership established this educational program Edelman The NASDAQ OMX Group, Inc. Wachtell, Lipton, Rosen & Katz One Battery Park Plaza that introduced innovative private sector-style strategies in an effort to turn around low- Edison Properties, LLC NBCUniversal Wal-Mart Stores, Inc. New York, New York 10004-1479 performing public schools. Edward J. Minskoff Equities, Inc. NYSE Euronext Warburg Pincus LLC (T) 212.493.7400 Ehrenkranz Partners LLP National Grid Weil, Gotshal & Manges LLP (F) 212.344.3344 NYC Leadership Academy — The Partnership mobilized private sector support for EisnerAmper LLP Neuberger Berman Group LLC Weld North LLC www.pfnyc.org the Leadership Academy, a system-wide effort to attract and train outstanding principals EmblemHealth Services LLC New York Community Bancorp, Inc. Wells Fargo Bank, N.A. to lead the necessary transformation of the city’s public schools. Empire Blue Cross Blue Shield New York Life Insurance Company Welsh, Carson, Anderson & Stowe Entergy Corporation New York Yankees The Williams Capital Group, L.P. Mayoral Control — Through the Assembly Speaker’s Advisory Committee on School Ernst & Young LLP Newmark Grubb Knight Frank Wilmer Cutler Pickering Hale and Dorr LLP Governance, the Partnership played a key role in securing legislation to abolish the The Estée Lauder Companies, Inc. News Corporation Windels Marx Lane & Mittendorf, LLP Board of Education and transfer control of the public school system to the mayor. Eton Park Capital Management, L.P. Nielsen Holdings N.V. Xerox Corporation Etsy Inc. Norton Rose Fulbright LLP Zagat Survey LLC Economic Impact of 9/11 — The Partnership issued an update of its groundbreaking Evercore Partners Inc. Odyssey Investment Partners, LLC ZelnickMedia Corporation analysis of the economic impact of the 9/11 terrorist attack on New York City and F.J. Sciame Construction Co., Inc. Ogilvy & Mather Worldwide Zurich Financial Services Fifth & Pacific Companies, Inc. OppenheimerFunds, Inc. compiled extensive data on important economic indicators since 9/11. First Eagle Investment Management, LLC Parsons Brinckerhoff Inc. All reports are available online at www.pfnyc.org. Focus (continued...) Partner Companies Economic Development AECOM First Republic Bank Paul, Weiss, Rifkind, Wharton & Garrison LLP The Partnership Fund is the Partnership’s economic development arm. To date, the Fund A.T. Kearney, Inc. Fisher Brothers Paulson & Co., Inc. Membership Levels AT&T Forest City Ratner Companies Pearson has raised in excess of $110 million and made more than 100 investments in businesses AXA Equitable Gerson Lehrman Group, Inc. PepsiCo Partners and nonprofit projects that promote the local economy. Currently, the Fund is working on Accenture Gilt Pfizer Inc. establishing a commercial biotechnology cluster in the city. Aetna Inc. Glenwood Management Corp. Powers Global Strategies, LLC Partners are elected annually and Alcoa Inc. Goldman Sachs & Co. PricewaterhouseCoopers, LLP represent the top leadership of New Recent Accomplishments Alexandria Real Estate Equities, Inc. Grupo Salinas Proskauer Allen & Company LLC Guardian Life Insurance Company of America Providence Equity Partners York’s corporate, investment and New Statewide Economic Development Strategy — In 2007, the Partnership Ally Financial Inc. Guggenheim Partners, LLC Quest Diagnostics entrepreneurial communities. The collaborated with global management consulting firm A.T. Kearney to conduct an Altria Client Services, Inc. HDR, Inc. RBC Capital Markets, LLC roster of Partners is limited to two analysis of the State’s economic development programs. The report recommended that American Airlines HNTB Corporation RRE Ventures the State invest more strategically in activities that capitalize on academic and industry American Express Company HSBC Bank USA RXR Realty LLC hundred. American International Group, Inc. Hearst Corporation Red Apple Group, Inc. assets and focus on high-growth industries that create better paying jobs. These Anheuser Busch Companies, Inc. Hess Corporation The Related Companies, L.P. A Partner is a CEO-level executive recommendations formed the basis of the Excelsior Jobs Program, the State’s new Aon plc Hill+Knowlton Strategies Rockefeller Group International, Inc. of a New York City-based business economic development strategy that was enacted in June 2010. Apollo Management, L.P. Hines Rubenstein Associates, Inc. organization or a global business Arup Howard Hughes Corporation Ruder Finn, Inc. Cities of Opportunity — In March 2010 the Partnership and PriceWaterhouseCoopers Associated Partners, LP Hughes Hubbard & Reed LLP Rudin Management Company, Inc. entity with a presence in New York City. issued the third installment of this internationally recognized, annual ranking of 21 world Astoria Energy LLC IAC SAP America Partners make a commitment to be cities on the basis of factors that are important to business attraction and economic Atco Properties & Management, Inc. IBM Corporation SL Green Realty Corp. personally involved in a peer-to-peer Aurelian Management Infor STV Inc. vitality. The 2010 report finds that New York City is emerging from the global recession Avon Products, Inc. Interpublic Group Sabey Corporation network and to draw on the resources as a winner, but with challenges from cities that offer lower costs and more “livable” BNY Mellon JPMorgan Chase & Co. Shearman & Sterling of their companies to support the environments. Bank of America Corporation Jamestown Properties LLC The Shubert Organization, Inc. Partnership’s agenda. Partners control Barclays PLC JetBlue Airways Corporation Shutterstock, Inc. The Costs of Airport Congestion — The Partnership published a report on the full BlackRock, Inc. Jones Lang LaSalle Sidley Austin LLP the governance and committees of the economic costs of air traffic congestion at the three major airports serving the New York The Blackstone Group K2 Intelligence LLC Siemens Corporation Partnership and set the Partnership’s Metropolitan Region. Grounded: The High Cost of Air Traffic Congestion found that flight Bloomberg L.P. KPMG LLP Silver Lake advocacy agenda. delays caused by air traffic congestion at Kennedy, Newark, and La Guardia airports were Booz & Company Kaufman Organization Silvercup Studios The Boston Consulting Group, Inc. Kirkland & Ellis LLP Silverstein Properties, Inc. responsible for more than $2.6 billion in annual losses to the regional economy in 2008. If Boston Properties Kohlberg Kravis Roberts & Co. Simpson Thacher & Bartlett LLP Corporate Partners no action is taken to reduce congestion, these losses will total $79 billion by 2025. Brookfield Office Properties Inc. Kramer, Levin, Naftalis & Frankel LLP Skadden, Arps, Slate, Meagher & Flom LLP Corporate Partner status is available to Brooklyn Nets Kushner Companies Société Générale Americas Professional Visa Crisis — The Partnership released a study showing how political Bryan Cave LLP Ladder Capital Finance LLC Standard Chartered Bank a company if the CEO is not available deadlock in Washington, D.C. on immigration is damaging the economy of the New CBRE, Inc. Lazard Ltd Sterling Equities personally to serve as a Partner or the York City metropolitan region, which has the largest concentration of the country’s CH2M HILL The Lefrak Organization STUDIOS Architecture company is not headquartered in New professional visas (known as H-1Bs) — 21% of the total. CI Capital Partners LLC Levine Builders Studley CIT Group Inc. Lightyear Capital Sullivan & Cromwell LLP York. Corporate Partners are included Congestion Relief — The Partnership released a breakthrough report that documented Cablevision Systems Corporation Loews Corporation Sumitomo Corporation of America among the two hundred business more than $13 billion a year in economic losses to the Metro Region because of excess Cantor Fitzgerald L.P. LVMH Moët Hennessy Louis Vuitton Inc. SunGard leaders elected as Partners and Capital One Bank M.R. Beal & Company Swiss Re America traffic congestion, focusing on the increased costs and revenue losses that result from Cauldwell Wingate Company MacAndrews & Forbes Holdings Inc. Sysco Corporation participate in governance and agenda traffic delays. Centerbridge Partners McDermott Will & Emery LLP TD Bank, N.A. setting. Centerview Partners Holdings LLC McGraw Hill Financial TIAA-CREF New York City School Reform Progress — The Partnership released a report which Christie’s McKinsey & Company, Inc. Taconic Investment Partners LLC identified a pattern of overall improvement in public education that can be traced to the Citigroup Inc. Macquarie Holdings (USA) Inc. Teneo Holdings Associate Partners introduction of mayoral control and the Department of Education’s “Children First” reform The Coca-Cola Company Macy’s, Inc. Third Point LLC agenda. Con Edison Madison Square Garden Thomson Reuters Associate Partners are entrepreneurs Condé Nast Publications, Inc. Malkin Holdings, LLC Thor Equities Inc. and CEOs of small businesses, agencies, Continental Grain Company Mason Capital Management, LLC Tiffany & Co. or organizations with a significant Historic Achievements The Corcoran Group, Inc. MasterCard Worldwide Time Warner Cable Inc. Crain’s New York Business Maverick Capital Time Warner Inc. profile in the city. Associate Partners, David Rockefeller Fellows Program — A tribute to the civic leadership of the Cravath, Swaine & Moore LLP MetLife, Inc. Tishman Construction Corporation whose membership is by invitation- Partnership’s founder, this annual program offers a select group of business executives Credit Suisse Microsoft Corporation Tishman Speyer only, are represented on various the opportunity to broaden their understanding of New York City’s public needs through Cushman & Wakefield, Inc. Milbank, Tweed, Hadley & McCloy LLP Titan seminars, site visits and discussions with top business and city leaders. Davis Polk & Wardwell LLP Mitsubishi International Corporation The Travelers Companies, Inc. governing bodies and committees Debevoise & Plimpton LLP Mitsui & Co. (U.S.A.), Inc. Trian Partners of the Partnership, ensuring that the New York City Housing Partnership — A former affiliate of the Partnership that Deloitte LLP Modell’s Sporting Goods UBS organization represents the full range promotes the development of affordable housing and revitalization of neighborhoods. Delta Air Lines, Inc. Moelis & Company Holdings LP United Airlines The Depository Trust and Clearing Corporation Moody’s Investors Service Verizon Communications, Inc. of diversity of the city’s business Since 1982, the Housing Partnership has sponsored the development of more than Deutsche Bank Americas Morgan Stanley Viacom Inc. community. 20,000 homes and apartments across the five boroughs. Durst Organization Inc. Morrison & Foerster LLP Vornado Realty Trust E-J Electric Installation Co. Mutual of America Life Insurance Company WL Ross & Co. LLC Breakthrough for Learning — The Partnership established this educational program Edelman The NASDAQ OMX Group, Inc. Wachtell, Lipton, Rosen & Katz One Battery Park Plaza that introduced innovative private sector-style strategies in an effort to turn around low- Edison Properties, LLC NBCUniversal Wal-Mart Stores, Inc. New York, New York 10004-1479 performing public schools. Edward J. Minskoff Equities, Inc. NYSE Euronext Warburg Pincus LLC (T) 212.493.7400 Ehrenkranz Partners LLP National Grid Weil, Gotshal & Manges LLP (F) 212.344.3344 NYC Leadership Academy — The Partnership mobilized private sector support for EisnerAmper LLP Neuberger Berman Group LLC Weld North LLC www.pfnyc.org the Leadership Academy, a system-wide effort to attract and train outstanding principals EmblemHealth Services LLC New York Community Bancorp, Inc. Wells Fargo Bank, N.A. to lead the necessary transformation of the city’s public schools. Empire Blue Cross Blue Shield New York Life Insurance Company Welsh, Carson, Anderson & Stowe Entergy Corporation New York Yankees The Williams Capital Group, L.P. Mayoral Control — Through the Assembly Speaker’s Advisory Committee on School Ernst & Young LLP Newmark Grubb Knight Frank Wilmer Cutler Pickering Hale and Dorr LLP Governance, the Partnership played a key role in securing legislation to abolish the The Estée Lauder Companies, Inc. News Corporation Windels Marx Lane & Mittendorf, LLP Board of Education and transfer control of the public school system to the mayor. Eton Park Capital Management, L.P. Nielsen Holdings N.V. Xerox Corporation Etsy Inc. Norton Rose Fulbright LLP Zagat Survey LLC Economic Impact of 9/11 — The Partnership issued an update of its groundbreaking Evercore Partners Inc. Odyssey Investment Partners, LLC ZelnickMedia Corporation analysis of the economic impact of the 9/11 terrorist attack on New York City and F.J. Sciame Construction Co., Inc. Ogilvy & Mather Worldwide Zurich Financial Services Fifth & Pacific Companies, Inc. OppenheimerFunds, Inc. compiled extensive data on important economic indicators since 9/11. First Eagle Investment Management, LLC Parsons Brinckerhoff Inc. All reports are available online at www.pfnyc.org. Board of Directors Partnership For New York City CO-CHAIRMEN Jay S. Fishman, Chairman & CEO, Douglas L. Peterson, President & CEO, PARTNERSHIP FOR NEW YORK CITY Philippe P. Dauman, President & CEO, Viacom, Inc. The Travelers Companies, Inc. McGraw Hill Financial A Business Leadership Organization Laurence D. Fink, Chairman & CEO, BlackRock, Inc. Mark T. Gallogly, Managing Principal, Charles E. Phillips, Jr., Chief Executive Officer, Infor Centerbridge Partners Peter J. Powers, Chairman & CEO, VICE CHAIRS James P. Gorman, Chairman & CEO, Powers Global Strategies, LLC Candace K. Beinecke, Chair, Morgan Stanley Ian C. Read, Chairman of the Board & CEO, Hughes Hubbard & Reed LLP Barry M. Gosin, Chief Executive Officer, Pfizer Inc. Phillippe P. Dauman, President & CEO, Viacom Inc. Newmark Grubb Knight Frank James D. Robinson, III, Co-Founder & Klaus Kleinfeld, Chairman & CEO, Alcoa Inc. Jonathan N. Grayer, President & CEO, General Partner, RRE Ventures Mission Focus Weld North LLC Julio E. Rojas, Chief Executive Officer, Americas, PRESIDENT & CEO To engage the business Robert Greifeld, Chief Executive Officer, Standard Chartered Bank A Network of Business Leaders Kathryn S. Wylde, President & CEO, The NASDAQ OMX Group, Inc. Wilbur L. Ross, Jr., Chairman & CEO, community in efforts to advance The Partnership is a nonprofit membership organization comprised of a select group Partnership for New York City Gerald L. Hassell, Chairman & CEO, BNY Mellon WL Ross & Co. LLC the economy of New York City of two hundred CEOs (“Partners”) from New York City’s top corporate, investment and FOUNDING CHAIRMAN Glenn H. Hutchins, Co-CEO, Silver Lake Michael I. Roth, Chairman & CEO, entrepreneurial firms. Partners are committed to working closely with government, labor David Rockefeller Kenneth M. Jacobs, Chairman & CEO, Lazard Ltd Interpublic Group and maintain the city’s position and the nonprofit sector to enhance the economy and maintain New York City’s position Steven A. Kandarian, Chairman, President & CEO, Steven Roth, Chairman, Vornado Realty Trust as the center of world commerce, as the global center of commerce, culture and innovation. Lee S. Ainslie, III, Managing Partner, Maverick Met Life, Inc. Howard J. Rubenstein, President, Capital Jill Kaplan, Publisher, Crain’s New York Business Rubenstein Associates, Inc. finance and innovation. Through Enhancing the City’s Economy Ajay S. Banga, President & CEO, MasterCard Charles R. Kaye, Co-President, Warburg Pincus LLC Mitchell E. Rudin, President & CEO, U.S. Commercial Worldwide the Partnership Fund for New The Partnership focuses on research, policy formulation and issue advocacy at the city, Henry R. Kravis, Co-Chairman & Co-CEO, Operations, Brookfield Office Properties Inc. David Barger, President & CEO, state and federal levels. By leveraging its network of Partners, the Partnership has the Kohlberg Kravis Roberts & Co. William C. Rudin, CEO and Vice Chairman, York City, the Partnership JetBlue Airways Corporation unique ability to go beyond advocacy to action. Through its affiliate, the Partnership William P. Lauder, Executive Chairman, Rudin Management Company, Inc. Frank A. Bennack, Jr., Executive Vice contributes directly to projects Fund for New York City, the Partnership directly invests in economic development The Estée Lauder Companies, Inc. Kevin P. Ryan, Chairman & CEO, Hearst Corporation projects in all five boroughs of the city. Rochelle B. Lazarus, Chairman Emeritus, Chairman & Founder, Gilt that create jobs, improve Stephen Berger, Chairman, Ogilvy & Mather Worldwide Alan Schwartz, Executive Chairman, Odyssey Investment Partners, LLC economically dis-tressed Research and Policy Richard S. LeFrak, Chairman & CEO, Guggenheim Partners, LLC William H. Berkman, Managing Partner, The Partnership serves as a resource of expertise and creative thinking for public policy The LeFrak Organization Stephen A. Schwarzman communities and stimulate new Associated Partners, LP makers, the media and others who are trying to understand and stimulate the growth of Martin Lipton, Senior Partner, Chairman, CEO & Co-Founder, Mark T. Bertolini, Chairman, CEO & President, business creation. Wachtell, Lipton, Rosen & Katz The Blackstone Group the New York City economy. The Partnership formulates policy by sponsoring economic Aetna Inc. Terry J. Lundgren, Chairman, President & CEO, Jerry I. Speyer, Chairman & Co-CEO, impact studies, conducting business surveys, and convening task force panels and Jeffrey L. Bewkes, Chairman & CEO, Macy’s Inc. Tishman Speyer conferences for Partners, economic experts, public officials and other constituencies Time Warner Inc. Howard W. Lutnick, Chairman & CEO, Frederick O. Terrell , Vice Chairman, concerned with economic development. Leon Black, Founding Partner, Cantor Fitzgerald L.P. Investment Banking, Credit Suisse Apollo Management, L.P. Bridget A. Macaskill, Chief Executive Officer, Mary Ann Tighe, Chief Executive Officer, Issue Advocacy Michael W. Blair, Presiding Partner First Eagle Investment Management, LLC NY Tri-State Region, CBRE, Inc. At City Hall and in Albany and Washington, the Partnership provides the business Debevoise & Plimpton LLP Vikram Malhotra, Chairman of the Americas, James S. Tisch, President & CEO, community a voice on important economic issues. Lloyd C. Blankfein, Chairman & CEO, Loews Corporation Goldman Sachs & Co. McKinsey & Company, Inc. John B. Veihmeyer, Chairman & CEO, KPMG LLP The Partnership agenda for 2012 will focus on four key areas: Jeff T. Blau, Chief Executive Officer, Joel S. Marcus, Chairman, CEO & Founder, George H. Walker, Chairman & CEO, The Related Companies, L.P. Alexandria Real Estate Equities, Inc. 1. Promote Pro-Jobs, Pro-Growth Policies: Helping government to identify and Neuberger Berman Group LLC Kathy Bloomgarden, Chief Executive Officer, Theodore Mathas, Chairman, President & CEO, enact pro-jobs, pro-growth tax, regulatory and investment policies is the top Christopher J. Williams, Chairman & CEO, Ruder Finn, Inc. New York Life Insurance Company The Williams Capital Group, L.P. priority of the Partnership. While the city is generally thriving as an entrepreneurial Tory Burch, Chief Executive Officer, Tory Burch LLC John McAvoy, CEO, ConEdison Company of New York, Inc., President, CEO, ConEdison Barry M. Wolf, and commercial center, its tax base is increasingly strained by demands to both Kenneth I. Chenault, Chairman & CEO, Executive Partner, Chair, Management provide a state-of-the-art platform for global business and to maintain high quality American Express Company Robert McCann, Chief Executive Officer, Americas, UBS Committee, Weil, Gotshal & Manges LLP services for a growing population. The City and State must continue to pursue H. Rodgin Cohen, Senior Chairman, Robert Wolf, Chief Executive Officer, Sullivan & Cromwell LLP Sherilyn McCoy, Chief Executive Officer, policies that make New York more competitive, more affordable and more attractive Avon Products, Inc. 32 Advisors, LLC Michael L. Corbat, Chief Executive Officer, to business and residents. Deborah C. Wright, Chairman & CEO, Citigroup Inc. Heidi Messer, Co-Founder, Chariman, Collective[i] Carver Bancorp Inc. 2. Promote Fiscal Responsibilty in All Levels of Government: Budget deficits plague Anthony J. De Nicola, Co-President, Tim Zagat, CEO & Co-Chair, Zagat Zurvey LLC all levels of government. The Partnership will continue to advocate for sound fiscal Welsh, Carson, Anderson & Stowe Eric M. Mindich, Chairman & CEO, Eton Park Capital Management, L.P. Strauss Zelnick, Chief Executive Officer, management and balanced solutions to deficit problems, including reductions in Chad Dickerson, Chief Executive Officer, ZelnickMedia Corporation Esty, Inc. Edward J. Minskoff, President, spending, reform of entitlement programs and commitment to economic growth. At Edward J. Minskoff Equities, Inc.. Mortimer B. Zuckerman, James Dimon, Chairman & CEO, the same time, the Partnership will insist that New York City receive a fair share of Chairman & CEO, Boston Properties; JPMorgan Chase & Co. Thomas Montag, Co-Chief Operations Officers, state and federal aid and that the state and federal governments provide relief from Bank of America Corporation Chairman & Editor-in-Chief, Irene M. Dorner, President & CEO, HSBC Bank USA mandates that limit flexibility and drive up costs of local government. Deanna M. Mulligan, President & CEO, US News and World Report; William R. Dougherty, Chairman, Executive Guardian Life Insurance Company of America Committee, Simpson Thacher & Bartlett LLP Chairman & Publisher, The New York Daily News 3. Focus on Talent: Economic growth depends on achieving the best prepared K. Rupert Murdoch, Chairman & CEO, Joel S. Ehrenkranz, Senior Partner, and most diverse talent pool, through a combination of education, workforce News Corporation EX OFFICIO Ehrenkranz Partner L.P. development and strategic immigration policies. Duncan L. Niederauer, Chief Executive Officer, William C. Dudley, President & CEO, Roger W. Ferguson, President & CEO, TIAA-CREF NYSE Euronext Federal Reserve Bank of New York 4. Promote Strategic Investment in Infrastructure: The efficient movement of goods, Alan H. Fishman, Chairman, David W. Heleniak, Senior Advisor, information and people is critical to a vibrant and dynamic economy. Modernization Jon Oringer, Founder & CEO, Shutterstock, Inc. 1/31/14 Ladder Capital Finance LLC Richard D. Parsons, Senior Advisor, Morgan Stanley PARTNERSHIP of aging infrastructure is required to accommodate the projected one million Providence Equity Partners Stephen R. Howe, Jr., Americas Area Managing for New York City additional people and 750,000 jobs that New York City expects to add by 2030. John Paulson, President, Paulson & Co., Inc Partner, Ernst & Young LLP