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SPECIAL No easy SECTION fix for 100 MOST local INFLUENTIAL news —Valerie Block WOMEN IN NYC on WNBC’s BUSINESS 7 p.m. ® newscast PAGES W1-W32 Page 13

VOL. XXIII, NO. 40 WWW.NEWYORKBUSINESS.COM OCTOBER 1-7, 2007 PRICE: $3.00 Postseason revenues TOP STORIES Bank believes its union ties are key loom large to future growth PAGE 2 of Mr. Steinbrenner and the Mets’ Yankees need them , it looms as a chance Bollywood grows in to turn a profit, to make big money in just a few games. Owners mint cash as ticket NY as Indian media while benefit to prices soar higher with each round firms multiply Mets is long-term and fans rush to show their loyalty by forking over hefty sums to buy PAGE 3 their official playoff and World Se- BY AARON ELSTEIN ries caps and jackets. Café Gray kills For big-city teams like the Yan- catering biz after let the profits roll.In squeak- kees and Mets, the added revenue ing into the playoffs last week, the collected on the postseason road to only seven months Yankees did more than add anoth- the can easily top $40 , NEW YORK, P. 6 er hard-won entry to their long list million, Mr. McDonnell says. of accomplishments. They saved Though ticket receipts and Hotel execs may owner George Steinbrenner’s ba- merchandise revenues must be abandon Javits con. Sadly, perhaps, the Mets have shared with players and other never faced that kind of pressure. teams, the proceeds from $8 cups expansion plan IRA GOLLER, owner of Murray’s Sturgeon “In the model the Yankees have of beer and $5 hot dogs belong INSIDER, PAGE 14 Shop on Broadway, developed, they have to make the solely to the clubs. For both the says independents World Series to make money,”says Yankees and Mets,a trip to the Fall 6 last-minute are leaving the area Wayne McDonnell, a former Classic is worth a cool $18 million left and right. Madison Square Garden financial in pure profit, according to J.C. Columbus executive who is now a professor of Bradbury, a sports economist at weekend getaways sports management at New York Kennesaw State University in CHANGING NEIGHBORHOOD University. “The Mets aren’t in Georgia. BUSINESS LIVES, PAGE 59 that predicament.” “At the very least, $18 million October is great for covers the price of a good starting AT DEADLINE Stores priced out both fans and owners. For the likes See POSTSEASON on Page 7 ENROLLMENT DROPPED 20% FOR A MORTGAGE broker training course that began Friday at the New York Real on Upper W. Side Unions bringing in Estate Institute.The school’s president, Richard Levine, Mom-and-pop shops move, blames layoffs in the out-of-town muscle mortgage industry for the enrollment decline, noting shut down as rents soar; there hasn’t been a falloff in landlords woo national chains students for other types of Big paychecks draw classes, such as property management and real estate BY ELISABETH BUTLER CORDOVA workers; critics want brokerage. more apprentices after selling Mother’s Day bouquets and Valentine ros- EAST MIDTOWN BUSINESSES es to Upper West Siders for more than 80 years, Embassy SUFFERED through snarled Florists moved to New Jersey in July.The gold lettering on BY TOM FREDRICKSON traffic and limited street access for some deliveries, the glass door is all that remains of the family-owned busi- ’s building boom thanks to the General ness at its old Broadway and West 91st Street address. has created so many jobs that Assembly meeting at the Embassy is one of some 20 stores that have shut down unions are reaching out across the United Nations—but they on Broadway between West 72nd and West 93rd streets in country, pulling in as many as See AT DEADLINE on Page 2 See PRICED OUT on Page 10 1,000 temporary workers to sup-

buck ennis plement the city’s construction workforce.

40 New York is a magnet for union 5 COMINGNEXT WEEK plumbers, steamfitters, tilers, lath- lindström bekka Small businesses confront the credit ers and other construction workers crisis: a look at ALTERNATIVE FORMS OF invited here by New York union lo- Sachs headquarters rising in Bat- ELECTRONIC EDITION FINANCING. Also, Hits & Misses, and cals when they are at full employ- tery Park City and installing mar- how to fire a client. ment.These “travelers”are helping ble tiles in new luxury condos all

NEWSPAPER to build the $2.5 billion Goldman See UNIONS on Page 8 71486 01068 0 CNYB 10-01-07 regular book 2 9/28/2007 6:44 PM Page 1

UNION MOVEMENT: “We see a tremendous AT DEADLINE opportunity” to grow where membership is strong, says CEO Continued from Page 1 presidential campaign, will Derrick Cephas. also enjoyed a business boom move to 7 p.m. from 5 p.m.— from the flood of foreign displacing On the Money, which dignitaries. Area hotels were will go on hiatus. However, a fully booked at premium rates. CNBC spokesman says the The Library Hotel at Madison revamp “doesn’t have anything Avenue and East 41st Street to do with any challengers. It increased its daily rates by up to has to do with what’s best for $50. Restaurants also saw a [our] audience.” healthy increase in business. At Aretsky’s Patroon, on East 46th SPRINT AND T-MOBILE SAID LAST Street between Lexington and WEEK THAT THEY are interested in Third avenues, business easily working with Transit Wireless, jumped 15% as a result of the the company that won the right meeting, says General Manager to build a cell phone network in Andrew Kleinman. “We’ve had the city’s 277 subway stations. a tremendously busy week,” he Transit Wireless will have two notes.The General Assembly years to install a network in six continues this week. stations. It needs to partner with at least one major wireless MACY’S INC. WILL DISTRIBUTE carrier before it can turn on cell LUSH COSMETICS’ natural beauty phone service in those stations. products, sources say.The deal, which is expected to be A $2 MILLION AD CAMPAIGN announced this week, will be the PROMOTING the Nov. 2 ING first partnership of its kind for New York City Marathon and Poole, England-based Lush, the Nov. 1 men’s marathon which has been rapidly opening Olympic trial kicks off this week stores around the globe. Lush on buses and subways and in operates five stores in New York major publications.The ads City, including its recently depict the Olympic torch and renovated Herald Square the Statue of Liberty torch with

location. commingled flames. gibbons catheriine

JUST FIVE DAYS BEFORE THE MILLENNIUM PARTNERS SPENT LAUNCH OF THE FOX BUSINESS SEVERAL MILLION DOLLARS to Network, CNBC will debut a convert its extended-stay new “after-hours” program property, at 1965 Broadway, to a lineup on Oct. 10.The NBC fractional apartment property, Banking on the union Universal cable channel will its second in .The 88 move Fast Money to 5 p.m. from new apartments are adjacent to 8 p.m. and will air the show live. Millennium’s Phillips Club, at Amalgamated seeks more pension, lending business Kudlow & Company, a politics 155 W. 66th St., and are selling and business show that could for between $190,000 and gain a higher profile during the $380,000. I BY TOM FREDRICKSON

CORRECTION amalgamated bank, founded 84 years ago by the Amalgamated Clothing Workers, has In a story on female partners in the Sept. 24 Accounting Report, a typographical error altered always stuck to its knitting, serving unions and union members. a quote from Joel Cooperman, managing partner at Citrin Cooperman & Co. The correct quote And it has served them well. In 1924, it became the first bank to issue unsecured credit to is, “It told me that in the next 20 years, women would be promoted on equal terms with men, if we could get them to stay in.” working people, who generally didn’t own homes to put up as collateral. In 1973, it became the first bank in New York City to offer totally free checking. But Amalgamated has not fully capitalized on its union ties, something its owner, the union, THIS WEEK IN CRAIN’S now known as Unite Here, means to change. Derrick Cephas, a no-nonsense attorney and former regulator who was hired as chief VALERIE BLOCK ------13 executive last year, is trying to revamp the bank. Mr. Cephas intends to open 18 new branches over the next two years, many of them in areas THE INSIDER------14 with high concentrations of Unite Here members. He also wants to increase union pension 100 MOST INFLUENTIAL See BANK BUILDING on Page 8 WOMEN IN NYC BUSINESS ------W1 NEIGHBORHOOD JOURNAL------50 61 Energy firm wins VC funds SMALL BUSINESS ------52

REAL ESTATE DEALS------53 ConsumerPowerline, sponse,” helping large energy users into a new business: providing ener- CLASSIFIEDS ------54 such as Kmart and Sears manage en- gy audits and efficiency upgrades to which helps big users ergy use during periods of peak de- large energy consumers. State gov- THE WEEKS AHEAD ------57 mand. Utilities, including Consoli- ernments are expected to require manage demand, gets dated Edison, pay customers if they utilities and energy marketers to WEEK IN REVIEW ------58 $17 million to expand commit to reducing consumption at start offering substantial rebates for BUSINESS LIVES------59 those times. such investments in the face ConsumerPowerline, of growing concerns about CORPORATE LADDER------61 BY TOM FREDRICKSON with more than $10 million $10M global warming,says compa- EXECUTIVE MOVES------62 in annual revenues, is the REVENUES for ny founder and President 63 the company, BOB LAPE ------63 manhattan-based Consumer- third-largest demand-re- the third-largest Michael Gordon. Powerline, an energy management sponse company in the U.S. demand- The financing round was vol. xxiii, no. 40, october 1, 2007—Crain’s New York Business (issn 8756-789x) is published response firm weekly by Crain Communications Inc., 711 Third Ave., New York, NY 10017. Periodicals firm,has raised $17 million in venture country. It operates in most led by Expansion Capital postage paid at New York, N.Y. and additional mailing offices. Postmaster: Send address capital to add products and services, of the nation, with clients Partners. Investors included 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 at least double its workforce of 30,and concentrated in New York, New the New York City Investment Fund copy, $59.79 one year, $109.79 two years. (GST No. 13676-0444-RT) ©Entire contents expand into new geographic areas. England and California. and Bessemer Venture Partners. copyright 2007 by Crain Communications Inc. All rights reserved. Founded in 2000, Consumer- The company intends to use part Powerline provides “demand re- of its first round of funding to get COMMENTS? [email protected]

2 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 3 9/28/2007 7:15 PM Page 1

Carriage owners take reins

Byrne, co-owner of 40-year-old are missing out on the local IAN McKEEVER pened,that we were bound to a price Fearing extinction, Central Park Carriages, which people.” says Shamrock for 18 years,” says Mr. Byrne. Stables is industry fights owned Smoothie. On top of everything hurting because The industry is pushing to hike Driving all these actions is the else, the lengthy renova- fewer day- the charge for the first half-hour of for rate increase, worst crisis the carriage industry— tion of the Plaza Hotel trippers are a ride to $44 from $34 currently.The counters activists consisting of 68 licensed buggies has cast a shadow visiting. price of each additional 15 minutes and 293 licensed drivers—has faced over the indus- could rise to as much as $15, from in . A recent report from the try. Fewer $10 currently. Owners, however, BY LISA FICKENSCHER city comptroller’s office calls for people, espe- fear that the council won’t act to tighter controls on the business. cially in the avoid a fight with animal rights last month, the tragic death just Competition from a new army of evening, groups that want to put the indus- off Central Park of a carriage horse pedicabs, which are far cheaper, is stroll around try’s 221 horses out to pasture. named Smoothie triggered a wave Fifth Avenue of public outrage. A City Council and Central Park Compromises feared member is now vowing to introduce The charge for South, where the “we have been very effective in our legislation that would forever ban carriages wait efforts,” says Elizabeth Forel, presi- horse-drawn buggies from city the first half- for passen- dent of the Coalition to Ban Horse- streets. gers. Instead, Drawn Carriages. Councilman On top of everything else, the hour of a ride Tony Avella, D-Queens, wants to public scrutiny comes at a time is siphoning do his bit. He is drafting legislation when revenues are declining steeply. could hit$44 tourists away for a horse ban. Worried that they could follow from Central While few people think that any Smoothie to the grave, carriage Park, say car- such measure would ever win coun- owners are fighting back.They have riage drivers. cil approval, some carriage owners hired a publicist and convinced Meanwhile, admit that they are worried about Councilman James Gennaro, D- eating into profits.Carriage owners, carriage own- the costs of a victory on the fare Queens, to introduce a bill to give a group of 53 mostly Irish families, ers’ expenses front. In 1989, when the price of the them their first rate increase in over estimate that their earnings are off have been soar- first 30 minutes in a carriage was 18 years. In a move aimed in part to about 30% this year as a result of the ing. Prices of doubled to $34,the city forced own- buck ennis undercut criticism from animal pedicabs and a dip in the number of feed grain have ers to pull their carriages off city rights activists, the owners are ask- New York area suburbanites willing jumped 38% to streets during the evening rush for ing the city for help in stepping up to splurge on buggy rides. $13.80 a bag this three hours. safety measures for the horses and in year alone. A bag of “We fear that our hours could be cleaning up areas where they stand Plaza renovation hurts sawdust used in the horses’ stalls between rising costs and falling rev- cut back [again],” says Conor during the day. “fewer day-trippers are coming sells for $6, more than double the enues—a squeeze made worse by McHugh, who owns four horses. “We are earning less and less,and into the city,” says Ian McKeever, $2.65 price of just two years ago. the city’s rate freeze. this can’t go on,” says Cornelius who owns Shamrock Stables. “We Owners find themselves crushed “This should never have hap- COMMENTS? [email protected]

ASIAN ELEPHANT: Vinodh Bhat says REBNY Website monthly revenues for 212Media are growing at a double-digit rate. challenges Times Bellmarc Realty President Neil Broad residential Binder says he spends “hundreds of listings could hurt thousands of dollars” a year on ads in the Times. Moving to REBNY’s site ads; some skeptics would have lowered that outlay to about $40,000. But he doesn’t think the site will attract much traffic at BY THERESA AGOVINO first, because it had no prelaunch marketing. For now, he says, people the real estate board of New will still look to the Times. York last week launched Residen- “I’m anxious to see how [the site] tialNYC.com, a Web site that lets is promoted,” Mr. Binder says. homebuyers view roughly half the properties for sale in Manhattan and Sooner rather than later a smaller amount of those available rebny president Steven Spinola

buck ennis in the other boroughs. says that prelaunch promotion did- Over the next two months, the n’t make financial sense and that he’s board will spend roughly $300,000 sure skeptical firms will join “sooner promoting the site, which con- rather than later.” The site is not try- sumers can search using criteria like ing to compete with the Times, he Bollywood in the city price and neighborhood. Ads ap- insists. peared on city buses last week and Listings must comply with the Pradesh, debuted in August—well sion producers to film distrib- will start running in local publica- board’s ethics regulations, Mr. Spin- Local and foreign ahead of the film’s release back home utors—rush to plant their flags. In tions on Oct. 3. ola says. For example, a listing must TV, film businesses on the subcontinent. the past two years, more than a The group had hoped to be removed as soon as a property is The film’s producer, Rajnesh dozen of these businesses have one-stop shopping for New York sold so that brokers can’t play “bait burgeon in NY area Domalpalli,wanted to tap the grow- opened or expanded New York area house seekers, but several large bro- and switch.” To list, firms pay a one- ing audience of Indian immigrants offices, or inked distribution deals kerages, including the Corcoran time fee, plus $100 per broker annu- in the New York metro area and the with carriers such as Group, Prudential Douglas Elli- ally. Listings must be exclusives. BY SAMANTHA MARSHALL flourishing crossover market of the and DirecTV. man, and Bond New York Real Es- Rental units are a problem as culturally curious. While many are indigenous New tate Corp., chose not to participate. they’re usually listed with many bro- greenwich village isn’t the most Other Indian media concerns York companies formed by Indian- They could do so later, however. kerages, and REBNY is working on obvious location for the world pre- have also set their sights on this bur- American entrepreneurs, major In- Their decisions will be crucial for ways to present rentals effectively, miere of an Indian movie. But that’s geoning consumer niche. dian conglomerates are also coming , which could Mr. Spinola says. exactly where Vanaja,the story of an Bollywood is booming here as here to establish a toehold in the po- lose a significant portion of its lucra- aspiring young dancer from Andhra Indian media firms—from televi- See BOLLYWOOD on Page 8 tive residential real estate advertising. COMMENTS? [email protected]

October 1, 2007 | Crain’s New York Business | 3 CNYB 10-01-07 regular book 4 9/28/2007 8:03 PM Page 1

IN THE MARKETS HIGHLIGHTS REEL Agribusiness pays big +0.6% but risks rise for Bunge The Bloomberg/ and currency exchange rates,” Morn- Since Bunge’s initial public offering in Crain’s New Steep run-up in price ingstar analyst Anne Gilpin wrote in a re- 2001, revenues have grown at an average York Index rose 0.6% makes stock no bargain; cent investment report. annual clip of 24%, driven mostly by to end the True, Chief Exec- higher global com- results too hard to call utive Alberto Weisser modity prices. The

week at ➡ 381. The has done wonders, company forecasts transforming Bunge earnings growth of S&P 500 BY TOM FREDRICKSON Index rose from a family-con- 10% to 12% for the 0.1%, trolled, South Ameri- near future. closing at hares of bunge ltd., the can-centric com- But such forecasts 1527. White Plains, N.Y.-based com- modities trader riven can be hard to hit. pany that,among other things,is by squabbles among Last year, for ex- the leading fertilizer producer in the owners to a pub- ample, Bunge suffered South America, have been licly traded global from its outsized ex- RISERS Sshooting up like richly nourished corn powerhouse. posure to the fast-ex- 5-DAY 1-MONTH 3-MONTH CLOSING plants in the middle of a moist, sunny Five years ago, in panding Brazilian % CHANGE % CHANGE % CHANGE PRICE summer. one of his boldest market, which ac- Weight Watchers +6.1% +11.4% +12.5% $57.50 The company’s stock closed on Friday moves, Mr. Weisser counted for a big slice at $107.45,up 49% since Jan.1,largely on buttressed Bunge’s of revenues. Earnings Nasdaq +5.8% +18.2% +26.9% $37.68 the strength of better-than-expected re- global position with slumped when fertil- Cognizant +5.2% +14.2% +4.2% $79.79 sults in the first two quarters. Investors the $1.6 billion acqui- izer use there plum- Market cap $13.0 billion Barr Pharmaceuticals +5.1% +13.5% +11.8% $56.91 have also been wowed by Bunge’s manu- sition of French veg- meted after the gov- Bear Stearns +4.7% +13.3% -14.7% $122.81 facture of ethanol and other biofuels, a etable-oil maker Total debt $4.6 billion ernment slashed small but growing piece of this agribusi- Cereol. Bunge is now Projected 2008 P/E 19.8 subsidies. ness conglomerate. the world’s largest Analysts expect SINKERS Investors,beware:This is a good com- oilseed-processing Bunge to earn $4.77 a 5-DAY 1-MONTH 3-MONTH CLOSING pany,but its stock is no longer cheap.The company and largest share this year,up 23% % CHANGE % CHANGE % CHANGE PRICE shares are trading near an all-time high of seller of bottled vegetable oils. from 2006, and revenues are forecast to J. Crew -8.4% -15.0% -20.1% $41.50 22 times trailing 12-month earnings— Mr.Weisser has built new grain termi- soar 41%, to $37 billion. As good as those Maidenform -7.0% -7.0% -19.0% $15.88 more than double the multiple investors nals in places from Argentina to Latvia numbers look, they are still subject to have given archrival Archer Daniels and greatly increased shipping efficiency. huge swings. This is no time to try to Martha Stewart -7.0% -6.4% -31.7% $11.67 Midland Co. Additionally, Bunge’s re- The Brazilian-born executive also started squeeze profits from this already pricey Foot Locker -6.2% -5.4% -30.5% $15.33 sults are anything but predictable. a program to give capital-squeezed oilseed crusher. Aéropostale -5.2% -7.4% -32.1% $19.06 “Profitability can swing wildly on Brazilian farmers fertilizer, which they changes in crop yields, commodity prices pay for with crops. COMMENT? [email protected]

STOCKS TO WATCH by Erik Ipsen Avon Products’ multiyear makeover finally draws an appreciative crowd NEARLY TWO YEARS into its six-year restructuring, Avon Products managed to pique investors’ interest last week. True, the only fresh news was that the seller of beauty items will take yet another charge of as much as $20 million related to yet more layoffs. But some analysts are calling the shares—up barely 1% in the last six months and off 20% from their We are bankers who listen to you. Sterling National Bank, New York’s leading community bank specializing 2004 highs—a relatively risk-free in personal service for business clients, is listening. We understand, It Starts with Hello. bargain. That’s a pretty appealing pitch.

GREAT RELATIONSHIPS START WITH HELLO Last month, Mayor Michael Bloomberg said the credit crisis could sock the city’s economy, and last week, a big real estate mutual fund connected the Sterling is committed to providing alternative financing for growing businesses. When other banks say no, dots. Predicting a decline for Manhattan office space, the fund Sterling's non-traditional funding products can provide a good alternative with many advantages over traditional sold its stakes in several city landlords, including the largest, SL Green bank loans, allowing you to use the value of your current and fixed assets as well as receivables, securing fresh Realty. Shares of the REIT soared 8% last week on the hope of further cuts in working capital. It's a way to put those assets to work every day, growing your business. interest rates but are still down 27% from their February high of nearly $159.

BANKERS YOU CAN REACH Once, 1-800-Flowers just sold Say “Hello” to personal business banking provided by bankers who listen to you. Contact Joseph Costanza, blooms. Now it hawks everything from roses to gourmet food. The Senior Vice President, at (212) 575-3473 or via email at [email protected] today. expansion has transfixed investors, who have driven up the stock 120% over the past year. Naysayers note that others do a better job of delivering some of these products, but it seems that no one does so www.SterlingNationalBank.com much so well. With shares selling at 27 times next years’ earnings, the Our Doors Are Open All The Way To The Top | Est. 1929 • NYSE: STL • Member FDIC blush may be off the rose. charts: lindström bekka

4 | Crain’s New York Business | October 1, 2007 Project4 3/1/07 5:54 PM Page 1

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GREY WORLDWIDE CNYB 10-01-07 regular book 6 9/28/2007 5:33 PM Page 1

NEW YORK,NEW YORK edited by Valerie Block

Café Gray is back, for lunch afé gray’s brief foray into catering didn’t sizzle, forcing the eatery run by celebrity chef Gray Kunz C(left) back into the lunch business. After a seven-month hiatus, the Time Warner Center restaurant will begin serving midday diners again this week. “We weren’t getting enough parties of 25 people or more,” says General Manager Richard Hollocou of the catering experience. The new lunch offering, a prix fixe menu for $38 per person, is less expensive than the former à la carte menu, redux / which ran about $55 per person. Diners can also expect to be served more quickly, says Mr. Hollocou, noting that the menu is smaller, allowing the kitchen to be swifter. Among the dishes is a mini foie gras meatloaf that was previously

the new york timesthe new york available only at the bar.

Firebrand is not the first to use the Lower East Side. And Whiskey makers the little Apple gadgets to impress cosmetics-maker Redken think younger guests. Earlier this month, the distributed the video players, refurbished Mansfield Hotel loaded with hair-care product even booze makers are seeking celebrated by giving away 500 details, and engraved with the the fountain of youth these days. nanos to travel agents and others company logo, to guests at another To attract a younger demographic, affair. Johnnie Walker Blue Label will launch its first 35 Under 35 DIRTY, SEXY MONEY Awards at Gramercy Park Hotel LUST, CAUTION, Ang Lee’s breath- Title promotes on Thursday. taking and sexually graphic film green condos Diageo North America will about love, espionage and fete a cross-section of artists, betrayal, had its green developer Sheldrake entertainers and executives, who New York debut at Organization is inching into the will be promoted with the the Landmark magazine business—and hoping publication of a coffee-table to sell more units in its eco- Sunshine Theater book. Comedian Aziz Ansari,MTV friendly Battery Park City condo, on Thursday. Mr. News producer Joseph Patel, and Riverhouse. artist and designer Kenzo Minami Lee (right), Last Christmas, the developer are among the 35 names on the between hand- issued what it expected would be a Long established list. shakes, photo- one-time-only glossy to help graphs and a tête- “The under-35 community is brokers sell apartments. O2 commitment … not where the bulk of scotch à-tête with Sex and the City’s featured articles on green living, drinkers traditionally comes Kristin Davis at the Bowery Hotel tips about the neighborhood— Bill Topf afterparty, said his partnership Weiser LLP from,” says , vice president and renderings of the certified- Certified Public Accountants of scotch and Irish whisky for with Manhattan-based Focus green condos. More than 100,000 Diageo North America. Features has been invaluable. copies were distributed as inserts, The targeted marketing effort “They’re crazy to invest this kind given to prospective buyers and is Diageo’s way of weaning the of money in Chinese drama,” he handed out at events. But with hipsters off vodka in favor of the said. “And I didn’t tell them only 60% of the 264 units sold, to the more traditional tipple. “This is about the sex scenes.” The Sheldrake is putting out issue New York City New York our way to get out in front of these movie will open Oct. 5. No. 2 in late October. 135 West 50th Street New York, NY 10020 business community people,” says Mr.Topf. getty images “This one will be a little more Tel 212.812.7000 hard-sell,” says Marketing Monique Roeder Fax 212.375.6888 For nearly a century,Weiser has provided at a splashy party. A boutique Director , iPods invade hotel with modern touches, the explaining that the 64-page Long Island accounting, tax, and consulting services, such 3000 Marcus Avenue as state and local tax planning, internal audit gift bags Mansfield chose the iPod gift to luxury-lifestyle magazine will Lake Success, NY 11042 outsourcing, and business restructuring, reflect the docking stations in contain a 32-page insert Tel 516.488.1200 to private clients and business enterprises, ipods are the latest “it” gifts each room. trumpeting the development. Fax 516.488.1238 including closely-held and emerging entities, gracing goodie bags. Firebrand, a During the summer, HBO Westchester in a variety of industries including: media startup hosting its launch filled gift bags with video iPods Contributors: Lisa Fickenscher, Matthew 660 White Plains Road event during Advertising Week when it debuted Voyeur, a long Flamm, Samantha Marshall, Suite 430 • Real estate last Tuesday, handed out 50 of the form commercial, at an event on Alix Strauss Tarrytown, NY 10591 • Manufacturing and distribution newest nanos to attendees.The Tel 914.333.0555 • Auto dealerships Fax 914.333.0556 firm loaded the $150 devices with • Media and communication videos shown during its press BLIND TASTING New Jersey • Banking conference, along with company 399 Thornall Street SEBEKA, a South African vineyard, introduced its chardonnay • Food and dairy info and a Web demo. Edison, NJ 08837 and Shiraz wines to New Yorkers at a quirky dinner party at a • Health care “Everything we do is digital, Tel 732.549.2800 • Financial services NoLIta restaurant last week. Guests at Public, including Brooke Fax 732.549.2898 and traditional press kits seemed • Professional services very old-school to us,” says Román Shields and Chloë Sevigny, were asked to don leopard or zebra www.weiserLLP.com • Not-for-Profit Viñoly, Firebrand’s co-founder and blindfolds to better experience the flavors of the wine and cui- sine. Sebeka, named for an orphaned cheetah cub, brought its For more information, contact at chief creative officer. “A new Douglas Phillips 212.375.6701. media product was a logical fit for wines to the States this year. a new media company like us.”

6 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 7 9/28/2007 8:04 PM Page 1

tional League Championship series. But the Mets’ 2006 revenues of Postseason profits $217 million lag far behind the LOCAL BUSINESSES’ CASH CALL Bombers’$302 million.And though ROBERT DE LA ROSA is counting on the Yankees’ postseason appearances to Continued from Page 1 attendance at Shea has give his family’s Molino Rojo Restaurant, just up the street from the pitcher,” Mr. Bradbury points out. risen significantly in the past few stadium, a reason to celebrate. For the Yankees, staggering be- years—reaching 3.8 million this Before, during and after big games—against the Mets or Red Sox, for neath the burden of a record-crush- year, or an average 47,000 a game— example—the place is packed and a line snakes out the door. Extending such ing $200 million player payroll,such the Mets have 10,000 fewer season- nights beyond the regular season can add as much as 20% to annual a cash injection is all but imperative. ticket holders than the Yankees do. revenues, according to Mr. De La Rosa. The team has posted an operating Meanwhile, total revenue of $140 “We basically count on the Yankees,” he says. loss every year since 2003—its last million last year at Mets’ channel, Unlike , which is largely cut off from its Flushing, Queens, World Series, according to Forbes. New York, was far less neighborhood by expressways, Yankee Stadium stands in the heart of its “When the Yankees say, ‘We than half that at YES, according to community. Owners of businesses on the blocks around the stadium and the must make the World Series,’ they Mr. Mansell. subway stop, at 161st Street and River Avenue, say that a playoff run can add mean that from a financial as well as The Mets declined to comment anywhere from 10% to 25% to their annual revenues. a baseball perspective,” Mr. Mc- on their finances. Local businesses operate on a Yankee calendar. At Jeans Plus on East Donnell says. Helps the medicine go down 161st Street, the window displays—and sales receipts—change according to Getting into that fix has been no the baseball season rather than the weather. And no wonder: More than half mean feat, considering that the lindström bekka postseason play would do a lot to the merchandise racks and wall displays consist of Yankee gear. Bronx Bombers rank as the greatest demonstrate the Mets’ momentum “If the Yankees win, it’s very important for us,” says Djibril Cisse, the money-making machine in baseball the field has also made a juggernaut and persuade corporations to pony store’s manager. “When they lose, people don’t want to buy things.” history. The team sold a record 4.3 of YES, which generated a total of up for luxury boxes, says Maury After watching the hometown team make it the playoffs for the past 13 million tickets this year, an average $340 million in subscription and ad Brown, president of research firm of 53,000 a game. They also reaped revenues last year, according to me- Business of Sports Network. It years, many merchants admit that they have grown to expect it. about $125 million from the YES dia analyst John Mansell. would also help get fans to accept The postseason “has become an integral part of our business,” says Joe cable channel. For the Mets, postseason stakes what experts predict will be a 20% Bastone, owner of the Yankee Tavern on East 161st Street. “It can mean the have always been more skewed to hike in ticket prices in the new sta- difference between no bottom line and a great bottom line.” Accumulated benefit the long term. Being in the postsea- dium, slated to open in 2009. Games bring in large crowds and the opportunity to charge higher prices. the postseason payoff for the son two years in a row for the first “The Mets stand to get a huge re- At Yankee Tavern, for instance, beer is $6 on game days, a buck more than Yankees actually begins well before time since 2000 would go a long way turn if they can establish themselves usual. The corned beef platter, which goes for $8 when the Bombers are at .Chief Operating Offi- toward narrowing the huge revenue as consistent winners,” Mr. Brown the plate, is 50 cents more. Mr. Bastone figures that a single playoff game cer Lonn Trost declined to com- gap with the Yankees. says. “They could charge more for can bring in a week’s worth of normal revenues. ment about finances, but he says The Mets, despite a player payroll corporate sponsorships and more For much of this year, longtime neighborhood residents feared that the that one of the long-term benefits of of $116 million, had $24 million in from cable systems to carry SNY, 2007 season would be a throwback to the bad old days. finishing on top of the American net operating income last year, ac- and get more fans. In short, they Mr. De La Rosa remembers that the Yankees were a losing team when his League East year after year is the cording to Forbes. It was the organi- could become very much like the father bought the Molino Rojo in 1988. “We had to wait until 1996 to taste impact on season-ticket sales,which zation’s first profitable year since Yankees.” the fruit,” he says. have doubled since 1995, to 36,000. 2003,thanks partly to the fact that the —HILARY POTKEWITZ The team’s repeated success on team got to the last game of the Na- COMMENTS? [email protected] Los Angeles The most fl ights. Every day.

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October 1, 2007 | Crain’s New York Business | 7 CNYB 10-01-07 regular book 8 9/28/2007 6:45 PM Page 1

we are bringing in outside construc- Construction Trades Council of tion workers to fill the vacuum Greater New York. Unions bring in out-of-towners rather than grooming more low-in- As the two sides debate the issue, come New Yorkers for positions in travelers are making the most of the Continued from Page 1 months at a time, renting rooms in this industry,” says Jonathan boom. over town. With calls from workers boardinghouses or staying with Bowles,director of the Center for an Plumbers Local 1 has 110 out- pouring in from sluggish regions of friends or family. With overtime, BIGAPPLE BUCKS Urban Future. “With the decline of of-state workers on city job sites, the country and New York construc- they’re earning the kind of pay more Steamfitters’ hourly compensation. manufacturing and other blue-col- along with its 5,000 members.They Pay tion still on a tear,unions are expect- often associated with manipulating Base plus lar jobs, construction jobs are one of hail from union locals as close as ed to bring in many more travelers. a scalpel than wielding a wrench. pay benefits the few remaining middle-income New Jersey and as far away as Cali- They will probably have a hand in “The only reason I come here is Baxley, Ga. $22 $31 occupations today.” fornia, says Donald T. Doherty Jr., building new Manhattan office for the money,”says Chuck Roberts, business agent at large. towers and the new baseball stadi- a steamfitter working at a KeySpan Meridian, Idaho $26$36 Temporary condition Joseph Lockwood, a steamfitter ums in and Queens. refinery in Brooklyn. The Green- Tuscaloosa, Ala. $22 $30 union officials say it would be a brought in by Steamfitters Local boro,N.C.,resident expects to make mistake to sharply increase their 638, came up from Baton Rouge, Meeting demands more than $100,000 in his current New York City $44 $75 ranks because recent increases in La.. He was called here three weeks “with help from travelers and larg- nine-month stint, at least three Source: United Association of Journeymen and construction employment reflect ago to do welding on the Goldman Apprentices of the Plumbing and Pipe Fitting Industry er apprentice classes, I am cautious- times what he would make in the of the and Canada the temporary confluence of several Sachs building. ly optimistic about meeting the de- South over the same period. large construction projects. They “I make good money for doing mands for coming projects,” says But some critics say the unions also argue that the recent rise in em- what I do,” says Mr. Lockwood, Louis Coletti, chief executive of the should be taking advantage of the ning of the decade. A preappren- ployment is deceptive because it who’s living in Orange County,N.Y., Building Trades Employers’Associ- boom to recruit more women and ticeship program for adult residents merely makes up for jobs lost after while he looks for a closer place, in ation. He estimates that the unions minorities in New York City. The of housing projects and public high 2001, the previous cyclical peak. north Bergen County.“It’s not rock- have imported 500 to 1,000 work- unions have added only modestly to school students has added 800 “Nothing in the numbers war- et science, but everybody can’t do it. ers, up virtually from none a year or apprenticeship rolls; about 8,000 women and minorities to the con- rants a massive increase in bringing You have to be trained and skilled.” two ago. apprentices work across the trades, struction industry since 2001. in new members,”says Paul Fernan- Travelers come to New York for compared with 7,000 at the begin- “It is definitely frustrating that des,chief of staff of the Building and COMMENTS? [email protected]

cause Amalgamated can’t offer the have 31 branches nationwide in two stock-based compensation that to three years. Bank building on union ties competitors provide. Amalgamated is also eager to “We recognize we are at a disad- serve the business community by in- Continued from Page 2 dreds of billions of dollars in pen- vantage by not having a publicly creasing its middle-market and funds under management and has sion assets, Amalgamated, the na- traded security,” Mr. Cephas says. commercial real estate lending.The started middle-market and com- tion’s only union-owned commer- “We are looking at ways to provide bank has more than $2 billion— mercial real estate lending units.His cial bank, holds only $13 billion. compensation other than cash.” about half its assets—invested in goal is to double annual profits. The bank is adding five salespeople low-yielding bonds. Unite Here General President to its one-person sales staff to pur- Growth in Las Vegas The money could be more prof- Bruce Raynor says: “We see a sue more of that business. the union ownership is the prime itably put to use in loans. Amalga- tremendous opportunity to expand “For the first time, we are devel- driver of a pending deal to buy three mated has a subpar 0.6% return on by going to where the unions are oping marketing materials, with supermarket bank branches in Las assets compared with publicly trad- strong and union members are professionals actually calling on Vegas, where Amalgamated also ed banks its size,which return an av- strong, and to build on our position people and speaking at big semi- plans to build a stand-alone branch. erage of 1% on assets. as being the financial institution of nars,” Mr. Cephas says. There are 65,000 members in Sin In recent months, Amalgamated the union movement. We selected But being owned by a union is a City, most of them working at casi- has added its first mid-market lend- Derrick to take the bank to the next double-edged sword. In targeting nos, hotels and restaurants. The ing team, which jumped ship from level.” areas where many of its 100,000 bank is also looking to expand in At- North Fork Bank. New York members live, Amalga- lantic City, where Unite Here has a The move into commercial real

Going after pension funds lindström bekka mated is opening branches in neigh- large presence. estate comes as the credit squeeze amalgamated has about $4.6 bil- borhoods—like Long Island City, This year, Amalgamated opened has put the sector under pressure. lion of assets, according to the Fed- mated had pretax income of $14.8 Queens, and Bedford-Stuyvesant, its first new branches in five years, But Mr. Cephas’ team is making eral Deposit Insurance Corp. Mea- million last year, FDIC data show. Brooklyn—abandoned by other one in underbanked Long Island relatively small loans, in the sured by deposits, it’s the city’s For the first half of 2007, it had pre- banks because of meager profits. City and the other near Union $15 million to $30 million range, 25th-largest bank—the same level tax earnings of $10.8 million. And being a union-owned bank Square. The bank, which currently that are missed by some larger com- as a large community bank. Adjust- An obvious growth area is trust with a social mission—meaning has 13 branches,plans to open about petitors. ed for a one-time gain on the sale of and investment management. that it will never go public—limits five in Brooklyn, two in the Bronx its headquarters building, Amalga- While U.S. unions account for hun- its ability to attract top talent, be- and one in Queens. It expects to COMMENTS? [email protected]

Bollywood grows in the city PRINT MAKES ITS MARK AS INDIAN broadcast and film companies expand in New York, old-fashioned Continued from Page 3 That’s not dampening enthusi- is home to about 275,000 South print is thriving as well. After a few turbulent years, the Indian-American tentially lucrative North American asm. Exact investment figures are Asians, who make up one of the community’s largest paper—India Abroad, which is owned by Indian media market. hard to come by, but anecdotal evi- fastest-growing group of immi- giant Rediff.com—now boasts revenue and circulation growth of about 10% “I picked New York because it is dence suggests that the market is grants in the metro area, according a quarter. Ads from Indian banks and airlines, along with better coverage of the ultimate melting pot,and every- growing quickly. to 2005 estimates from the U.S. India’s thriving economy, are fueling the rebound of the broadsheet, which thing is coming together now,” says Census Bureau.The Bollywood au- has a circulation of about 40,000 readers. “We are getting more popular day Filling marketing needs Uday Kumar, the U.S. head of Indi- dience also includes people from the by day,” says Rajeev Bhambri, India Abroad’s chief of operations. an film distributor Adlabs. The masala.com, a public relations and Middle East, Africa and Eastern company came to the States last marketing firm that specializes in Europe. About 1% of the general May and is moving its offices from serving South Asian media and en- market is also interested in Indian Edison, N.J., to . tertainment companies, says it has content, experts say. its staff in the next few months. Indian television is also growing. “We have to be here.” tripled its client base since 2001. “The world is changing rapidly, 212Media, meanwhile, has ex- International Television Broadcast- Of course, as competition heats Another half a dozen Indian firms and people are more accepting of our panded to more than six times its ing, which has been in business in up, the largest players with existing have since opened here to provide culture,” says Adlabs’ Mr. Kumar. original size since it was founded here the metro area for more than two ties stand to gain the most. U.S.- marketing services to film and me- New York,with its concentration in 2003 and now has about 40 em- decades, plans to launch nationwide based mobile, satellite and cable dia companies. of U.S. media and film outlets and ployees. The company says monthly by early next year. companies would rather buy content One of Masala’s biggest clients is vast South Asian population, makes revenues, now in the six figures, are Indian content companies are from a small handful of South Asian Sony Entertainment Television the ideal North American base, es- growing at a double-digit rate. also partnering with U.S. firms. In firms than deal with multiple outlets. Asia, a broadcaster of Indian pro- pecially for film distributors. August, major Indian film producer “Companies like Time Warner gramming that was launched in In- Adlabs, for instance, has released Digital distribution UTV Films signed a deal allowing and Verizon don’t necessarily want dia and has since branched out into 15 movies in theaters and another 38 212media owns Saavn, a digital dis- Commack, L.I.-based TitleMatch to deal with 50 different Bollywood New York City. The network was titles for home video.It earned about tributor of South Asian entertain- Entertainment to sell Indian films players,” says Vinodh Bhat, co- picked up by Cablevision in August. $5 million in its first year of opera- ment; Sportsvite, a social network from UTV’s vast catalog for video founder of 212Media,an Indian mul- Its slate of cricket games, sit- tion. The company, which is owned focusing on recreational sports; and on demand. timedia firm that distributes content coms, movies and news could pick by Mumbai-based conglomerate Speakaboos, an online children’s to digital, cable and mobile carriers. up plenty of viewers.New York City Reliance Industries, plans to triple publisher. COMMENTS? [email protected]

8 | Crain’s New York Business | October 1, 2007 Project1 9/27/07 2:50 PM Page 1 CNYB 10-01-07 regular book 10 9/27/2007 7:31 PM Page 1

Priced out on Upper West Side STAYING PUT AT ALL COSTS AS COMPETITION FOR SPACE HEATS UP, some longtime retailers are bending Continued from Page 1 Union Square and Times Square More closures are surely on the over backward to hold on to their spots. the last few months. All were vic- have already become outdoor malls. way. Locals say that some stores are Optical shop Gruen Eyes relocated its store two doors up when its tims of rising rents. Institutions This northern stretch of Broadway paying rent on a month-to-month landlord wanted to make room for a bank at the corner of Broadway and West such as Morris Bros. department is simply the next in line. basis because their landlords won’t 87th Street. The store has operated in the neighborhood for 20 years, and store, book seller Murder Ink and “I saw the writing on the wall renew their leases. owner Scott Rosenwald was determined to stay. Westend Coffee are only memories about three or four years ago,” says “As the neighborhood gets rich- The Kosher Marketplace is willing to do what it takes to remain at 2442 now as landlords push them out in Lambrose Barbagiannis, the third- er, more nationals take a look at the Broadway, between West 90th and West 91st streets. “We have a base of hopes of landing national retail generation owner of Embassy demographics, and they want in,” customers here,” says owner Alan Kaufman, who has operated his store in chains willing pay double or triple Florist. He moved the business to says Stu Morden, a Newmark the location for nine years. When it opened, the Kosher Marketplace paid the rent. Clifton, N.J., after his landlord Knight Frank Retail broker who is about $85 per square foot in rent. Now, it pays closer to $200 a square In the last year alone, the median jacked the rent up to $24,000 from marketing a handful of store sites in foot. asking rent for retail stores between $16,000 a month. the area. With three years left on his lease, Mr. Kaufman has already started West 72nd and West 86th streets negotiating a new long-term deal with his landlord. He is offering to expand rose to $327 per square foot,up 29% Third-richest neighborhood his 1,800-square-foot shop into a 750-square-foot vacant storefront next door from $254 per square foot, accord- ‘Big retail american eagle outfitters and 15 more years ing to the Real Estate Board of New Geox are two of the chains search- if the landlord will renew his lease for . York. on Broadway ing for space in Manhattan’s third- By taking over the additional space and locking in a deal early, Mr. Kaufman “There are independents leaving richest neighborhood, where the hopes to prevent his landlord from striking up talks with national chains that can left and right because they can’t af- will go all the median household income is afford higher rents. “This is becoming prime real estate,” he says. ford the rent,” says Ira Goller, own- $90,600, according to the U.S. er of Murray’s Sturgeon Shop at way to 116th’ Census Bureau. Another chain, Le 2429 Broadway,between West 89th Pain Quotidien, will soon open be- Street, but they are now said to be Side changes, some retailers know and West 90th streets. His shop has tween West 90th and West 91st searching as far north as West 92nd their time on the avenue is limited. been selling delicacies such as salted streets. Street. The trend is likely to “My landlord has been good to me, salmon and whole whitefish to Up- On Broadway at West 87th strengthen as Whole Foods finishes but he let me know at the last sign- per West Siders for 60 years. “I’m Many of the area’s smaller busi- Street, four retailers, including building its new store at 808 ing that he’s making all the leases in lucky; I have a very nice landlord,” nesses—clothing boutiques, book- Westend Coffee, recently closed. Columbus Ave., at West 100th the building end at the same time,” he says,adding that he is in the mid- stores and hat stores—face more Rumors have been swirling about a Street. says George Bosler, owner of Can- dle of a long-term lease. competition than ever. Even a slight Walgreens taking the four spots,but “Big retail on Broadway will go dlelight Wines at 2315 Broadway, rent increase can push them over the brokers say that deal fell through. all the way to 116th,eventually,”says between West 83rd and West 84th Next in line edge. Meanwhile, landlords are Still, the landlord is combining the Ariel Schuster, a Robert K. Futter- streets. His store is two years into a these few blocks represent a re- willing to keep their properties va- storefronts in hopes of attracting man & Associates broker. He re- 10-year lease. tail change sweeping the city as cant until a big-spending tenant another big tenant. cently finished a deal for national “He would love to see a Home banks and national chains outbid comes along, which is why the Until recently, most of the na- clothier Chico’s at 2300 Broadway, Depot in here.” Mr. Bosler says. the mom-and-pop shops that once neighborhood has so many empty tional players only wanted to rent on at West 83rd Street. dominated Manhattan. SoHo, storefronts right now. Broadway south of West 86th As the face of the Upper West COMMENTS? [email protected]

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10 | Crain’s New York Business | October 1, 2007 Project5 9/10/07 11:50 AM Page 1

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VIEWPOINT Javits supporters on the ropes editor in chief Rance Crain publisher Jill R. Kaplan t took almost two decades for the city’s if the delay and the ballooning price tag aren’t bad enough, EDITORIAL hospitality industry to persuade city and state Mr. Foye wants to put the onus on the industry to come up editor Greg David deputy managing editors Valerie Block, leaders to expand the Jacob K. Javits Convention with the additional billion-plus. Never mind that hotels are Erik Ipsen Center. Now, leading members of the industry, already collecting a $1.50 surcharge on each room night, the assistant managing editors Carmen Fleetwood, Robert Hordt dismayed by escalating costs and the Spitzer key source of revenue for the original plan. columnist Alair Townsend senior reporters Aaron Elstein, administration’s interminable indecision about the The rationale for a larger center—Javits ranks about 17th Lisa Fickenscher, Matthew Flamm, project, are talking about scrapping the plan. among similar facilities nationwide—has always been Tom Fredrickson, Samantha Marshall, Anne Michaud, Miriam Kreinin Souccar Doing so would be a blow to the city’s future but is compelling. It will attract more major meetings, and that is reporters Theresa Agovino, Barbara Benson, inevitable unless the state shows some backbone by taking almost certain to spark the construction of large hotels on Elisabeth Butler Cordova, Erik Engquist, I Amanda Fung, Hilary Potkewitz, Gale Scott responsibility for financing the expansion. the far West Side. Restaurants, cultural groups and even taxi restaurant critic Bob Lape It has been over two years since the state finally approved owners will benefit. So will average New Yorkers.The jobs art director Steven Krupinski deputy art directors Carolyn McClain, a $1.8 billion proposal to increase the center’s space by some created by the tourism Daniel Mednick 300,000 square feet. Almost immediately, soaring industry are among the staff photographer Buck Ennis Both the city copy desk chief Wendy Zuckerman construction costs led to many design compromises. What best first steps on the copy editors Michele Arboit, and state must Thaddeus Rutkowski emerged in the final days of the Pataki administration was a ladder of economic research editor Denise Southwood proposal that dismayed exhibitors, who thought it would success, offering good associate research editor increase their Adrianne Pasquarelli raise their operating costs substantially.The plan also pay, benefits and www.NewYorkBusiness.com encountered opposition from political figures, led by U.S. commitment advancement online editor Catherine Tymkiw online reporter Kira Bindrim Sen. Charles Schumer, who claimed that it was simply not opportunities. EDITORIAL AND ADVERTISING OFFICES ambitious enough. It’s up to the 711 Third Ave., New York, NY 10017-5806 The Spitzer administration arrived on the scene with a administration–which editorial: 212.210.0277 Fax 212.210.0799 advertising: 212.210.0259 promise to review all major economic development projects means Mr. Foye—to Cable craincom nyk in 90 days. Last week, six months after that deadline passed, find the money. He needs to start with the state and the city, Fax 212.210.0499 Entire contents ©copyright 2007 Crain downstate economic development chief Patrick Foye finally which must increase the $350 million that each have Communications Inc. All rights reserved. ®CityBusiness is a registered trademark of MCP gave the hotel industry a preliminary briefing on his committed to a larger Javits. He needs to figure out a way to Inc., used under license agreement. thinking. What took so long remains a mystery. extend the burden to the other businesses that have a direct TO SUBSCRIBE: Call 888.909.9111; fax 313.446.6777. Mr. Foye’s preferred alternative would add 200,000 square stake in the expansion. Only then should he ask hotels to $3.00 a copy, $59.79 one year, $109.79 two years. feet of exhibit area and 100,000 square feet of meeting raise the surcharge. If he doesn’t, he will find even the most www.NewYorkBusiness.com space—marginal improvements—at a cost of $3.2 billion. As devoted advocates of a larger Javits turning their backs on it. ADVERTISING AND MARKETING advertising director Jeff Adler business development manager Robert N. Grossman senior account manager William E. Squitieri LETTERS TO THE EDITOR account executives Andrew Carlin, Lisa Pearly, Jennifer Siniscalchi, Brigitte Stieglitz western account manager Ellen Mazen (Los Angeles) 323.370.2477 sales manager, classified print & online John Gallagher Poll:Will off-peak discount work? newsletter product manager Catherine Evans Gittens I DOUBT GIVE ME sales coordinator, print & online that lower fares in off clean trains and stations, the tolls to force people to take operation. Lulé Haznedari hours will get many to change competent booth agents, and public transportation, and use the david jacoby sales coordinator Anita Perrino their habits. People who have to shorter wait times at night and on toll money to subsidize fares on credit Pat Grondziak 313.446.6082 get to work can’t change; people weekends. public transit. PEOPLE ARE willing to pay for marketing director Amy Crossman who can change timing have doug peterson terry grace improved service. As a West marketing manager Jill H. Bottomley marketing coordinator Jenny Mashberg already done so to avoid the rush- Villager, I’ve seen our population circulation manager Andrea Richardson hour crowding (see Crain’s online I CHOOSE “no FRANKLY, the MTA should be increase and our bus service almost assistant circulation manager poll, Page 13). increase,” with off- privatized, as the private sector disappear. I hope the new regime Rosalie Ford joe peak discounts would produce a far better service will be able to restore the service general manager, interactive whitaker engineered to at lower prices than the we once had and need now more Marc Minardo bring more riders government and still make a than ever before. technical producer Danny Porter YOU’VE GOT to on board. More handsome profit. lois c. schwartz NEW YORK PRODUCTION be kidding me. riders would clifford sondock production and pre-press director tina gray produce more Michael Corsi ONE OF THE GREAT WRITE TO US advertising production manager income. economic Marilyn DeMilta I THINK that the john problems of transit systems is Letters to the Editor: Crain’s New York Business, PUBLISHED BY CRAIN COMMUNICATIONS INC. MTA should papandrea rush-hour capacity. You have to 711 Third Ave., New York, NY 10017. Fax letters to learn to manage its pay the cost to maintain facilities (212) 210-0799. Send e-mail to Crain’s staffers chairman Keith E. Crain Rance Crain money better, but if there must be UNTIL THE MTA balances its budget that don’t get used most of the by using their first initial, their last name and president @Crain.com. For example, Editor Greg David is at secretary Merrilee Crain a fare hike, I think the off-peak and justifies its need for fare time.The greater the period of [email protected]. Names are in the list to the treasurer Mary Kay Crain discount makes more sense. increases, I do not think we time over which you can spread right. All letters are subject to publication, provid- executive vp, operations William Morrow Riders at night and on the should have any increase. Double peak usage, the more economic the ed they are signed. senior vp, group publisher Gloria Scoby group vp, technology, circulation, weekends get far less service for manufacturing Robert C. Adams their $2. It would be nice to at vice president/production & least get a discount for putting up manufacturing David Kamis with the extra hassle. WHAT’S COMING UP IN CRAIN’S? chief information officer Paul Dalpiaz skye mcfarlane corporate circulation director Small Real Health Meetings and Patrick Sheposh MARKET INCENTIVES should be used business estate care conventions founder G.D. Crain Jr. (1885-1973) to help reduce congestion on mass report report report report chairman Mrs. G.D. Crain Jr. (1911-1996) transit as well as on the highways. Oct. 8 Oct. 15 Oct. 22 Oct. 29 john tepper marlin

12 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 13 9/27/2007 6:22 PM Page 1

fail, the broadcaster isn’t the only one to gamble on viewers’ desires and come up with snake eyes. CBS took it on the chin after it heralded the reinvention of network news. With ratings for the Big Three’s evening broadcasts waning, CBS softened its format, introduc- ing opinion segments like freeSpeech and,most significantly,a female anchor, Katie Couric. But it turns out that change was exactly what viewers didn’t want. When ABC put old-faithful Charles Gibson in its anchor chair, continuing with a format developed over decades, the show moved to the top spot.Meanwhile,CBS’s rat- ings in the time period continue to drop. Any network trying to divine viewers’ desires faces a minefield in this daunting age of infinite media john h.john howard choices. But change for change’s sake is clearly not the answer. When it comes to news, old habits die hard.Though some view- ers may want to watch local news at Even if it’s broke, 7 p.m., WNBC probably didn’t need to alter the format. New York Nightly News, it said, would be a news is hard to fix substantive program,with a solo an- chor, following the network news with . No sports, no hen my husband, Mitch, heard about fluff. WNBC’s new 7 p.m. newscast, he got excit- But Mitch wants the local news ed. He loves watching the news but is rarely the way he’s used to getting it. He doesn’t want to see Chuck Scarbor- home in time to catch the 6 p.m. broadcast. ough debriefing his reporters on air. So, when he tuned in a couple weeks ago, I “I want the news, the headlines, was surprised that five minutes later I heard Bart Simpson in the graphics,” Mitch says. W News consultant Al Primo my living room. warns,“If they’re trying to do some- thing different, to give viewers “They were talking evening newscast. something new and fresh, they’re about O.J.,” he com- But the station is making a very big mistake.” plained. “I know about taking a beating.For the These 7 p.m. viewers just got that.” He flipped back, first two weeks of New home; they’re starting from scratch, but soon the Yankees York Nightly News, Mr. Primo says. “Give them a good, stole his attention. WNBC’s ratings in the solid, ‘here’s what happened today’ Game over. WNBC time period plunged by program—the meat and potatoes of had failed to convert my 29% among house- the news.” husband. holds, 20% among total Every media company wants to Breaking with a tra- viewers and 23% among capture younger viewers or recap- dition established over viewers aged 25 to 54 ture its glory days. That can be a decades,WNBC boldly VALERIE compared with num- dangerous game. launched its 7 p.m. pro- BLOCK bers for Extra, which “They need to buckle up to the gram for viewers like had occupied that time core audience and introduce new el- Mitch, who work long slot. ements very carefully,” Mr. Primo hours, commute farther and just Though it’s too early to say says. “They need to respect the don’t get home in time for the early- whether the show will succeed or base.”

CRAIN’S ONLINE POLL WHICH MTA FARE HIKE PROPOSAL WOULD YOU SUPPORT? A SLIM MAJORITY of the 334 respondents favor the plan for an increase of 25 cents in the basic A 25-cent increase in A similar subway fare that would maintain the basic increase current discounts. But 45% prefer fare that .55% 45%. that creates preserves a lower off- the plan in which the quarter hike current peak fare would be accompanied by a discounts discount during nonpeak hours.

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

October 1, 2007 | Crain’s New York Business | 13 CNYB 10-01-07 regular book 14 9/27/2007 8:00 PM Page 1

adversary to Michael Gerrard, the environmental lawyer representing Willets Point property owners BLOOMBERG RUN? One step closer THE INSIDER against a massive redevelopment of WITH SEN. HILLARY CLINTON emerging as the likely Democratic presidential the so-called Iron Triangle. nominee, Michael Bloomberg’s advisers can check off one of the boxes on David Paget by Erik Engquist and Anne Michaud , a partner at Sive the list of requirements to lure the mayor into a presidential run. Next up is an Paget & Riesel, was retained to equally polarizing candidate to emerge as the front-runner among steer the Willets Point project Republicans. If that happens, the way would be clear for a middle-path through what will surely be a candidacy to capture the great swath of voters who pundits say want a contentious approval process. He moderate choice. Execs ponder scrapping Javits plan has been litigating and managing But the biggest hurdle will be convincing the mayor he has a chance to environmental cases since the early win. “He doesn’t want to play Don Quixote” just to raise issues like illegal-gun aced with a nearly doubled price tag for the Jacob K. 1970s, after a stint as an assistant control and immigration reform, one mayoral friend says. Javits Convention Center project, hotel industry U.S. attorney in the Southern To win the needed 270 votes in the Electoral College, an independent District. candidate would need at least 37% of the popular vote and perhaps as much executives are ready to tell state officials to repair the Mr. Paget helped win approval F as 40%. A recent NBC News/Wall Street Journal poll indicates that in a three- for Brooklyn Bridge Park, the new current center, build a way general election, Mrs. Clinton would pull 42%, former Mayor Rudy meeting hall next door Yankee Stadium, the National Tennis Center expansion, Hudson Giuliani would collect 34% and Mr. Bloomberg would and scrap the planned River Park and numerous housing attract only 11%. The question is expansion. developments. whether the mayor could reach 37% if he spent $1 billion on Officials blame a campaign. Tishman Construction Site for startups for underestimating the POSSIBLE OPPONENTS: Mayor comes on line Michael Bloomberg and Sen. expansion cost at Hillary Clinton. $1.8 billion. the bloomberg administration is working on an all- bloomberg news Eliot Spitzer Gov. ’s encompassing Web site for point man on the Javits Center, downstate economic startup businesses in the city.

development chief Patrick Foye, met with hotel executives last Called NYC Business Express, the bloomberg news week to deliver a revised expansion plan that would cost site currently provides a list of all the requirements to open a applicants to file for at least 60 the new agreement, although his $3.2 billion and ask whether they would be willing to raise the restaurant by walking applicants types of licenses and permits board rejected Columbia’s through a series of questions.The online, directly on the Business expansion last month. room tax again to pay for the Mr. Foye, this time site, which is located at Express site. “We’re pushing like The Stringer deal would seem to additional cost.The $1.50 per room accompanied by Deputy Mayor www.nyc.gov/businessexpress, also crazy on this,” says Robert Walsh, overlap with a community benefits tax went into effect in April 2005 Daniel Doctoroff, is scheduled to identifies the needed permits and commissioner of small business agreement that is being negotiated and has raised about $70 million. meet with Hotel Association licenses, as well as tax incentives services. between the West Harlem Local Mr. Foye suggested raising the members Oct. 15. available from city, state and federal Other agencies involved are the Development Corp. and the tax to $2.50, but Hotel Association offices. A list of retail store departments of Finance, Health, university. However, LDC of New York City officials are requirements is expected to be Consumer Affairs, Buildings, and President Pat Jones calls the package planning to reject it.They are Lawyers face off added in the near future. Information Technology & “modest.” Her board continues to fighting a perception that New over Willets Point The goal by late 2009 is to Telecommunications, as well as the talk with school officials about York City is too expensive for broaden the application to dozens Mayor’s Office of Operations. affordable housing, education and conventions, says one insider. city officials have hired a worthy of types of businesses and allow employment. Developers are increasingly offering such packages Pedestrian plazas in exchange for support for their in walking distance projects. Columbia expansion opponent leaders of 12 business Nick Sprayregen, who owns busi- improvement districts across the nesses in the development area, city met last week with the says Mr. Stringer has betrayed the commissioners of the community and had promised not Transportation and Small Business to support Columbia while it was Services departments to discuss the still threatening to use eminent creation of pedestrian plazas.The domain to take people’s property. plazas are an element of Mayor Michael Bloomberg’s PlaNYC 2030 and are being pushed by traffic- Weiner’s office calming DOT Commissioner sees quick exits Janette Sadik-Khan. SBS Commissioner Robert Walsh and the is there trouble in Rep. Anthony BIDs believe plazas could make Weiner’s office? neighborhood shopping strips Kay Sarlin has taken a job as a more vibrant. director with the New York office of the Glover Park Group after a short stint Columbia’s gifts with the to community congressman, who is likely to manhattan borough President run for mayor in Scott Stringer’s deal to support the 2009. Ms. expansion Sarlin, former comes with a list of commitments city Department from the school. of Transpor- Columbia will donate $20 news daily tation million to create an affordable Anthony Weiner communications housing fund, pay $11.25 million to director, was Mr. care for the West Harlem Weiner’s chief of staff from May Waterfront park over 25 years, and through August. Insiders say that build homes for displaced tenants Ms. Sarlin had been told she could in a rent-to-own program. It will operate as chief of staff from New also accommodate parts of York instead of Washington, D.C., Community Board 9’s 197—a but found that was not possible. design for the neighborhood’s The office is becoming known future, such as small retail spaces for turnover. Weiner’s legislative and community access to the new director, Armen Meyer, who started in campus. CB 9’s chairman supports the spring, recently left. I

14 | Crain’s New York Business | October 1, 2007 Project7 8/28/07 1:32 PM Page 1

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Real estate pros go green to win jobs FAST FACTS To earn LEED certification, a building must meet benchmarks and prereq- uisites in five key areas: Get accreditation real estate broker has been studying incentive. requirements. for three months to pass an exam “If my competition isn’t certified, Some experts don’t think accred- Water savings to advise clients that would classify him as an expert they can’t really advise clients [about itation is always necessary. John on building projects; in the design, construction and op- green projects],” says Mr. Benedict, Seitz, a principal of architectural Energy efficiency eration of environmentally friendly a broker at UGL Equis. firm HOK, says that he doesn’t Material selection lawyers see litigation buildings. think brokers need accreditation Engineers and architects have Standard rating system unless they want to specialize in Indoor environmental quality taken the two-hour test, devised by the council is the nonprofit or- green buildings. Sustainable site development BY THERESA AGOVINO the U.S. Green Building Council, ganization that created the nation- “The LEED system is for people for years. Now brokers, lawyers and ally accepted rating system known who put the building together,” says it’s the classic dilemma of a marketing executives are also seek- as Leadership in Energy and Envi- Mr. Seitz. The four classifications of LEED buildings are: young professional—how to attract ing accreditation as environmental ronmental Design,which measures However, Sally Wilson, CB attention. aficionados to help win business. a building’s sustainability. Its test Richard Ellis Inc.’s global director Certified Michael Benedict opted to go Some companies offer training measures an individual’s under- of environmental strategy, says her green.The 27-year-old commercial courses and reimbursement as an standing of LEED practices and LEED accreditation has helped Silver Gold Platinum

her win five brokerage assign- ments, including finding green space in New York City for former vice president Al Gore’s invest- ment firm. CBRE offers free courses to employees interested in taking the test and makes information avail- able on its Web site. Ms. Wilson says a LEED- accredited broker can locate build- ings that could be efficiently up- graded to meet environmental stan- dards. The broker can also help calculate the cost so it can be includ- ed in negotiations with landlords. Attorney Sean Dwyer says he’s been studying for the accreditation test because the environmental standards could lead to new types of litigation. He foresees disputes over whether new buildings actually meet the environmental codes and who is responsible if they do not. “If I know the code, I can antici- pate consequences of the code,” says Mr. Dwyer, a partner at Havkins Rosenfeld Ritzert & Varriale. While designing a green home, ar- chitect Lizbeth Thalheimer hired Mr. Dwyer to draw up a contract to protect her if the construction does- n’t measure up to her plans. Feeling of security “there is so much litigation of everything these days, and I feel more secure with people with knowledge of a situation,” she says. Engineering and architectural executives say that having an ac- credited marketing staff signals a firm’s commitment to green de- sign. AKF Engineers’ director of marketing, Patricia Grew, says LEED knowledge helps her as she creates the company’s materials. “I can’t run to one of the partners every time I have a question [about LEED],” she says. Kristen Sibilia, director of mar- keting and communications at Fx- Fowle Architects, says her accredi- tation allows her to have more sophisticated client conversations, where she points out the costs and other factors involved in green design. Her accreditation is noted on her business cards, and she says people notice. “I think it commands re- spect,” says Ms. Sibilia.

COMMENTS? [email protected]

16 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 1 9/26/2007 3:32 PM Page 1

JEAN AFTERMAN POWER 25 ELLEN ALEMANY DEBRA ALLEE SHARON ALLEN Crain’s first ranking SONIA ATTKISS of the 25 New York LIDIA BASTIANICH ELEANOR BAUM women who wield CANDACE BEINECKE the most clout STEPHANIE BELL-ROSE ROSEMARY BERKERY PAGE W6 SHEILA BIRNBAUM CATHLEEN BLACK JO IVEY BOUFFORD THIA BREEN PAMELA BRIER MARY SCHMIDT CAMPBELL PATRICIA CLOHERTY FAITH HOPE CONSOLO NANCY COYNE ELAINE CROCKER ZOE CRUZ JENNIFER CUNNINGHAM LESLEE DART JULIE HEMBROCK DAUM KAREN DAVIS VISHAKHA DESAI LAURA DESMOND ELIZABETH DILLER MARY CALLAHAN ERDOES KATHERINE FARLEY MICHELLE FELMAN JANE FRIEDMAN SUSAN FUHRMAN BONNIE FULLER ELLEN FUTTER BARBARA GALLAY GLADYS GEORGE MARY GERZEMA 10 0 JULIE GILHART MARYANNE GILMARTIN Most Influential THELMA GOLDEN MARIAN GOODMAN STEFANI GREENFIELD JULIE GREENWALD VERONICA HACKETT Women in NYC DOTTIE HERMAN CHUNG-WHA HONG KAREN BROOKS HOPKINS JUDITH JAMISON NDREA UNG Business A J SURI KASIRER SALLIE KRAWCHECK KAY KRILL EVELYN LAUDER SHELLY LAZARUS BERTHA LEWIS PAMELA LIEBMAN ANITA LO SUSAN LYNE ELIZABETH MCCANN MARY JANE MCCARTNEY JUDY MCGRATH HEIDI MILLER ANN MOORE LIZ NEUMARK BRIDGET O’CONNOR NANCY PERETSMAN LISA PHILLIPS VIKKI PRYOR JENNIFER RAAB EMILY RAFFERTY CAROL RAPHAEL ABBE RAVEN RACHAEL RAY JACQUELINE RESES SYLVIA RHONE JULIE RICHARDSON JANET ROBINSON JUDITH RODIN ROSSANA ROSADO JANE ROSENTHAL DARYL ROTH FAIZA SAEED DIANE SCHUENEMAN KIMORA LEE SIMMONS DARCY STACOM TARA STACOM MARILYN JORDAN TAYLOR MARY ANN TIGHE DOREEN TOBEN DIANE VON FURSTENBERG LAURA WALKER LISA WEBER RANDI WEINGARTEN SUSAN WHITING ANNA WINTOUR DEBORAH WRIGHT KATHRYN WYLDE NINA ZAGAT stephanie dalton cowan stephanie dalton Project4 9/20/07 3:43 PM Page 1 CNYB 10-01-07 A 3 9/26/2007 4:35 PM Page 1

100 MOST INFLUENTIAL WOMEN

Publisher’s note Crain’s picks Breaking down barriers women who throughout business world stand for NY Women climb ladder THOUSANDS OF WOMEN AT YOUR SERVICE oming up with the list of in the arts, finance, sports; the 100 most influential Workforce estimates for the 10 industries in New York City that employ the largest numbers of women. women in New York willing to gears, work business was extremely PERCENTAGE PERCENTAGE OF INDUSTRY OF TOTAL MEDIAN difficult because there are all night to pursue passion INDUSTRY NUMBER WORKFORCE WORKFORCE EARNINGS hundreds of women here who are smart, C Education, health care, social assistance 425,947 71.4% 16.6% $36,351 successful, accomplished and driven. So how do these women distinguish BY MIRIAM KREININ SOUCCAR Professional, scientific, management, 137,970 44.0% 5.4% $46,750 themselves from the others? administrative, waste services They represent the fabric of New when marian goodman earned her master’s Finance, insurance, real estate rental 121,273 39.3% 4.7% $51,432 York, a vibrant array of industries that degree in art history in the 1960s, it was near- and leasing make our city unique and full of ly impossible for a woman to get a job as a mu- Retail trade 82,429 37.4% 3.2% $29,328 opportunity.They seum curator. So she found another way to have risen through break into the clubby and male-dominated art Other services* 69,737 50.7% 2.7% $25,498 the ranks of large scene: She started an art printing business. Arts, entertainment, recreation, 65,500 30.2% 2.6% $27,456 public companies Ms. Goodman is now one of the most in- accommodation, food services and started their fluential contemporary-art dealers in the Public administration 58,552 45.1% 2.3% $47,273 own businesses. world, and women fill the ranks of curatorial Information 55,541 48.3% 2.2% $55,267 They manage departments at New York City’s major muse- nonprofits and run ums. High-profile directors like Lisa Phillips Manufacturing 49,570 39.2% 1.9% $26,336 private firms.They of the New Museum of Contemporary Art Transportation, warehousing, utilities 38,649 21.6% 1.5% $39,029 are iconic movers and Thelma Golden of the Studio Museum in Figures are from 2006. *Excluding public administration. and shakers who are helping to shape Harlem—not to mention Emily Rafferty, the source: u.s. census bureau the trends in their marketplace. And first female president of the Metropolitan lastly, they understand the meaning of Museum of Art—are ample evidence of how trade-offs: Having kids? Not having far women have come in the art industry. forward. Jean Afterman, who joined the Yan- kids? Canceling vacations, or not even And their successes extend far beyond the kees in 2001 as assistant general manager, is TINY NICHE AT THE TOP planning a vacation? arts. Finance, real estate, media, professional one of only three female assistant GMs ever in But what strikes me is that they services … name the business sector; women .Ms.Afterman,whose Gender breakdown of CEOs of New York recognize the extraordinary importance fill high-ranking executive posts there. Crain’s contract expires at the end of this year, is now City-based Fortune 1000 companies. of managing expectations and setting special section identifying the 100 most influ- a top candidate to become the first female GM. realistic goals.They have chosen paths ential women in New York City business “You get very comfortable being in one place, that have provided them with self- highlights the inroads that women but I’m not done yet,” she says. fulfillment in whatever way they have have made into all segments of the Climbing the corporate ladder defined it. local business community. has not come easy for many of our We salute our 100 women for 100 power brokers. Many women have what they have achieved, the gifts Big names in banking INFLUENTIAL achieved success by working near- that they have given back to New women have been climbing the WOMEN ly around the clock. Kimora Lee York and the role models they are ranks on Wall Street for a while,but Simmons,creative director of Baby for the next generation of women never before have so many filled Want to Phat, is under so much pressure to 3 68 cowan stephanie dalton and young girls. major management positions at the know how get everything done that she sleeps NUMBER OF NUMBER OF top investment banks.Just think of only four hours a night. FEMALE CEOs MALE CEOs Sincerely, Rosemary Berkery, vice chairman we picked “I’m the example for young wom- and general counsel at Merrill them? en on the go,” Ms. Simmons says. 1 ANDREA JUNG Avon Products (#283 on Fortune 1000) Lynch; Zoe Cruz, co-president of See readers’ Star architect Elizabeth Diller, 2 JANET ROBINSON The New York Times Co. (#583) Morgan Stanley; and Sallie Kraw- guide Page W4 who is designing the $1 billion ren- check, chief executive of Citigroup ovation of Lincoln Center, begins 3 KAY KRILL Ann Taylor Stores (#783) Jill Kaplan Global Wealth Management. work at 4 a.m. But for her, the dif- Women’s entrée into the biggest boys’ club ferences between day and night, and between Based on the 2007 Fortune 1000 list. sources: cnnmoney.com, catalyst Publisher of all—sports—represents an even greater step See BREAKING on Page W4

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100 MOST INFLUENTIAL WOMEN

DISPARITIES IN THE BOARDROOM Breaking down the barriers Gender breakdown of boards of NYC-based Fortune 500 companies.

NO. OF % OF NO. OF % OF Continued from Page W3 DIRECTORS DIRECTORS DIRECTORS DIRECTORS WHO ARE WHO ARE WHO ARE WHO ARE her work and her home life, are A READERS’ GUIDE COMPANY FEMALE/TOTAL FEMALE COMPANY FEMALE/TOTAL FEMALE blurred: Her husband, Ric Scofidio, Estée Lauder 5/12 41.7% New York Life Insurance 2/12 16.7% is her business partner. HOW DID CRAIN’S DEFINE INFLUENCE? In short: impact that resonates. It is Avon Products 4/10 40.0% TIAA-CREF 1/6 16.7% “I don’t distinguish the differ- illustrated in a woman’s professional biography and in her list of accom- ence between work and play,” Ms. plishments. In some cases, it is revealed by the trends she sets. As we Merrill Lynch 4/11 36.4% Time Warner 2/13 15.4% Diller says. “My husband and I are made our evaluations, we asked a range of questions: How many people CIT Group 3/10 30.0% American Express 2/14 14.3% very obsessed with our work,and it’s does the individual supervise? How much revenue does she generate? KeySpan* 3/10 30.0% CBS 2/14 14.3% contiguous with our personal lives.” We defined business broadly, in keeping with the Crain’s mission. Elected Barnes & Noble 3/11 27.3% Citigroup 2/14 14.3% officials and women working in government jobs were excluded. We didn’t Bristol-Myers Squibb 2/9 22.2% Verizon Communications 2/15 13.3% Babies on board impose any age criteria. The final list features a number of women in their 50s a surprising number of women and 60s, because it generally takes time to build a portfolio of power. MetLife 3/14 21.4% Guardian Life Insurance 2/16 12.5% are working hard with young chil- Finally, while we chose 12 individuals to highlight in longer profiles, we Colgate-Palmolive 2/10 20.0% AIG 2/17 11.8% dren in tow. Jane Friedman, chief presented all 100 in alphabetical order—primarily to make the section easy to Liz Claiborne 2/10 20.0% Bank of New York Mellon 2/18 11.1% executive of HarperCollins, has in- read. But we also wanted to identify a subgroup of women who we believe Loews 2/10 20.0% Interpublic Group 1/9 11.1% terrupted meetings with boss Ru- have the most clout. Thus, for the first time, we bring you Crain’s “Power 25,” Alcoa 2/11 18.2% Jones Apparel Group 1/9 11.1% pert Murdoch to take a call from one on Page W6. Consolidated Edison 18.2% Lehman Brothers 10.0% of her four kids. Mary Callahan Er- 2/11 1/10 does, chief executive of J.P.Morgan Dover 2/11 18.2% Altria Group 1/11 9.1% Private Bank,has three children un- ing their niche. A large number panies in the country—originally Marsh & McLennan 2/11 18.2% Asbury Automotive Group 1/11 9.1% der age 5. Gone are the days when started out as lawyers before switch- wanted to work as a photographer. Omnicom Group 2/11 18.2% IAC/InterActiveCorp 1/12 8.3% women felt they needed to choose ing gears,among them Ellen Futter, She started the catering firm as a Viacom 2/11 18.2% Pfizer 1/12 8.3% between a family and a high-pow- president of the American Museum side business to make ends meet. Assurant 2/12 16.7% L-3 Communications 0/9 0.0% ered career. of Natural History; Stephanie Bell- Julie Gilhart, fashion director at “When I come in on weekends, Rose, president of the Goldman Barneys New York, dropped out of Foot Locker 2/12 16.7% Virgin Media 0/9 0.0% the kids come with me,”Ms.Erdoes Sachs Foundation; and Vikki Pryor, college when she was 20 to become Goldman Sachs Group 2/12 16.7% Bear Stearns 0/13 0.0% says.“They get the conference room, chief executive of SBLI Mutual Life a buyer at Neiman Marcus. She has Hess 2/12 16.7% News Corp. 0/15 0.0% and I get the office.” Insurance. never regretted it. J.P. Morgan Chase 2/12 16.7% Based on the 2007 Fortune 500 list. *KeySpan While the women in Crain’s Others made more unusual “My whole life is about discov- McGraw-Hill 2/12 16.7% was acquired by National Grid in August. group of 100 all have drive and shifts. Liz Neumark, founder of ery,” Ms. Gilhart says. “If I lived to Sources: Company Web sites, as of July 17 determination, many executives Great Performances—the fourth- 200, I still wouldn’t get to do every- Morgan Stanley 2/12 16.7% switched course before finally find- largest independent catering com- thing I want to.” I

W4 | Crain’s New York Business | October 1, 2007 Project12 9/19/07 3:15 PM Page 1

PRUDENTIAL DOUGLAS ELLIMAN CONGRATULATES

CRAIN’S TOP 100 MOST INFLUENTIAL BUSINESSWOMEN IN NEW YORK

ESPECIALLY OUR OWN DOTTIE HERMAN, PRESIDENT AND CEO AND FAITH HOPE CONSOLO, CHAIRMAN, RETAIL GROUP CNYB 10-01-07 A 6 9/26/2007 4:41 PM Page 1

100 MOST INFLUENTIAL WOMEN Power 25 The New York City women who wield the most clout

NAME COMPANY CLOUT FACTOR PAGE

1 ZOE CRUZ Morgan Stanley Survived management upheaval and set revenue records W12

2 ANDREA JUNG Avon Products Grew sales 70% to $9 billion in eight years W20

3 CATHLEEN BLACK Hearst Magazines The voice of the magazine business in a digital age W10

4 MARY ANN TIGHE CB Richard Ellis Heads real estate giant with $36.8 billion in transactions W29

5 SALLIE KRAWCHECK Citigroup Global Wealth Management Runs a unit with $1.4 trillion in client assets W20

6 SHELLY LAZARUS Ogilvy & Mather Worldwide Oversees 10,000 employees in 377 offices across 97 countries W21

7 JUDY MCGRATH MTV Networks Established MTV as a mainstream platform for political activism W23

8 HEIDI MILLER J.P.Morgan Chase Runs a unit with $9 billion in revenues and $15.2 trillion in assets W23

9 ANNA WINTOUR Vogue Her opinion makes or breaks a designer’s career W29

10 DOREEN TOBEN Verizon Communications Slashed the telecom giant’s debt load W29

11 ANN MOORE Time Inc. First woman to head the No. 1 magazine publisher W23

12 JANET ROBINSON The New York Times Co. Grew digital revenues to 10% of the total, from 4% W26

13 SHARON ALLEN Deloitte & Touche Revenues have jumped by more than a quarter under her watch W8

14 JANE FRIEDMAN HarperCollins Turned big book publisher into a profit powerhouse W15

15 NANCY PERETSMAN Allen & Co. LLC Go-to guru for media M&A W24

16 KATHERINE FARLEY Tishman Speyer Power broker in real estate and the arts W15

17 JENNIFER CUNNINGHAM Lobbyist Most powerful unelected woman in New York politics W13

18 ELLEN FUTTER American Museum of Natural History Turned museum into a world-class institution W16

19 SHEILA BIRNBAUM Skadden Arps Slate Meagher & Flom Called the “queen of torts” W10

20 PAMELA LIEBMAN The Corcoran Group Has grown residential brokerage to $14 billion in sales W22

21 RANDI WEINGARTEN United Federation of Teachers Raised salaries for members by 43% since 2002 W29

22 MARILYN JORDAN TAYLOR Skidmore Owings & Merrill Shaping the landscape of New York City W29

23 LAURA DESMOND Starcom MediaVest Group, The Americas Oversees more than $15 billion in ad spending W14

24 JANE ROSENTHAL Tribeca Productions/Tribeca Enterprises Helped turn TriBeCa into Hollywood East W27

25 CAROL RAPHAEL Visiting Nurse Service of New York Touches the lives of 31,000 New Yorkers every day W25

W6 | Crain’s New York Business | October 1, 2007 Project4 5/4/07 11:57 AM Page 1

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© 2007 Liberty Mutual Group. CNYB 10-01-07 A 8 9/26/2007 1:40 PM Page 1

100 MOST INFLUENTIAL WOMEN Jean Afterman Ellen Alemany Debra Allee Sharon Allen Sonia Attkiss Major-league negotiator eyes a GM position

Jean Afterman Matsui, and Matsui means so much to the Yankees,”says Kim Ng,whom Ms. Afterman succeeded when Ms. Ng left to take the same job with the ideki Matsui’s . grand slam in Ms. Ng knows the pressure Ms. his first game at Afterman is under. None of Major Yankee Stadi- League Baseball’s 30 teams has a fe- um in 2003 male general manager, and only marked the ar- three women—Ms. Afterman, Ms. rival of two new Ng and Elaine Steward of the Red stars: Mr. Matsui, a Japanese power Sox—have made it to assistant GM. Hhitter, and Jean Afterman, the base- Ms. Afterman, unassuming and ball executive who brought him to funny,fixes coffee at her stadium of-

the Bronx. fice, thanking the microwave for its buck ennis Ms. Afterman, 50, is one of the service on many late nights. She and most influential people in the Mr. Matsui have been known to to Ms. Afterman, whose grandfa- loopholes in the pact to help players, being an assistant general manager executive suite of the world’s fondly call each other a ther, a Russian immigrant, was a including Hideo Nomo and Hideki won’t be enough, and no doubt she’s best-known sports fran- Japanese slang term that fruit peddler. She taught English as Irabu, get major-league contracts. a leading candidate to become base- chise. She joined the Yan- 75,000 translates loosely as “little a second language before a brief stint “It wasn’t just baseball,” she says. ball’s first female general manager. kees in 2001 and, as assis- MILES FLOWN asshole.” in the movie business and becoming “It was human rights and baseball.” “The question is not whether she tant general manager, has round-trip to Asia Her charm masks a a lawyer. can do it,” says Wayne McDonnell, been at the forefront of the every year fearsome negotiating tal- She went to work for agent Don Short-listed clinical assistant professor at New team’s international brand ent. “She is as tough as they Nomura, representing Japanese ms. afterman’s Yankees contract York University’s Center for Hospi- expansion. Helping to persuade come and one of the smartest players who were barred from expires at year-end. Her future with tality,Tourism and Sports Manage- Mr.Matsui to sign with the Yankees people I know,” says General Man- American ball by a 1967 agreement the team may depend on whether it ment. “It’s whether someone gives is her biggest accomplishment. ager Brian Cashman. between the Japanese and American ends its seven-year championship her the chance.” “She did a phenomenal job with Bridging cultural gaps is natural leagues. She and Mr. Nomura used drought. She concedes that, in time, —elizabeth macbride

Citibank, where she ran businesses downtown redevelopment. She has decisions without help from company, it was WIELDING on both the corporate and consumer also prepared impact statements for everyone you work with,” says Ms. Ms. Attkiss—not sides. “What excites me and gives the Second Avenue Subway, Allen, 56. the bankers who BANKING’S me personal fulfillment is the ability Columbia University’s new Her strategy worked. Annual structured the to lead change, to run a business Manhattanville campus, and the No. revenues jumped more than 27% deal—who found a from the front end to the back end,” 7 subway line extension. over the three years ended in 2006, way for them to SCEPTER says 51-year-old Ms. Alemany. Though the environmental while manpower has grown 26%. save tens of —judith messina review process often puts Ms. Allee She was recently elected to a second millions of dollars. Ellen Alemany and her company under the four-year term as leader of the firm. “We don’t accept ‘no’ as an answer,” Royal Bank of Scotland America microscope, it is her job to remain Now Ms. Allen uses her position she says. “We always look to uncover dispassionate. “I’m a defender of the to aggressively push major ways to get things done.” llen alemany earned her CONSULTANT process,” she says. “It’s what we have, corporations to hire more minorities Ms. Attkiss, 41, grew up in a small stripes in the business world IS QUEEN and it keeps us thinking.” and more women. She also town in Alberta, Canada, where she Eearly on, helping out at her —adrianne pasquarelli participates in two high-powered played varsity basketball and softball, father’s liquor store on Arthur groups: the Women’s Leadership ran track and swam com- Avenue in the Bronx and later OF EIS POWER 25 Board at Harvard University’s John petitively. After grad- working summers as a marketer for a F. Kennedy School of Government, uating from Harvard tennis camp. She went on to finish Debra Allee and the President’s Export Council. University, she college in three years and then held ACCOUNTING —tommy fernandez worked in Ottawa for down a job at IBM while earning her AKRF a member of Parlia- M.B.A. at night. AUTHORITY ment and then That work ethic—along with s founder of one of the PERSPECTIVE spent five years abundant talent— country’s first environmental in advertising. has made her one impact firms, Debra Allee has Sharon Allen FOR RICH “You can’t Hungry to do of the most senior Abeen making or breaking major real Deloitte & Touche make the something women in banking estate developments for two decades. hard entrepre- in the country. Ms. Allee, 68, and three others haron allen became chair of CLIENTS decisions neurial, she This past spring, started Allee King Rosen & Fleming accounting and consulting without earned an Ms. Alemany took in 1981. The consultancy, now called giant Deloitte & Touche in M.B.A. and S Sonia Attkiss help from over as chief AKRF Inc., plays an important, and 2003. It was a low point for the entered the executive of Royal Bank of often controversial, role in the city’s industry: The Enron debacle and the Credit Suisse Private everyone training pro- Scotland’s U.S. operations and real estate scene. It prepares demise of Arthur Andersen had cast Banking you work gram at Don- subsidiaries, a multifaceted group of environmental suspicion on all of the big firms. with” aldson Lufkin & businesses employing 27,000 people, impact statements, Jenrette, which Deloitte was facing intense n 1997, Sonia Attkiss was a —Sharon generating $4 billion in revenues which detail the pressure, and Ms. Allen took fledgling financial adviser trying Allen was acquired by and holding a total of $150 billion probable effect of decisive action. She fostered the Ito build a client base from Credit Suisse in in deposits. Those combined development firm’s consulting operations while scratch. She went looking where the 2000. deposits would make RBS’s business projects. She has rivals were spinning off such money was: among the growing In a complex here the sixth-largest banking oper- built the firm, businesses. She got the 37,000 ranks of technology entrepreneurs. investing ation in the country. Ms. Alemany’s which also people working The strategy paid off. Today, as a environment, job: to integrate the diverse provides transportation planning under her to buy in director at Credit Suisse Private “Sonia’s real skill is businesses and take advantage and green design services, into a by pushing Banking, Ms. Attkiss leads a team of putting all of it in of growth opportunities in the powerhouse with 1,000 clients, more dissenters to bankers managing $2.8 billion in perspective,” says United States. than 2,000 projects and a staff of articulate and hash assets for more than 100 wealthy Dale Miller, her It’s the kind of challenge that she 240. out their views. “I individuals and families. former boss and a loves. Before joining RBS, she Her development work spans the came to the She is known for her client- managing director at worked at Chase Manhattan Bank island of Manhattan—from the conclusion that centered approach: A few years Credit Suisse. and then did a 20-year stint at Hudson Yards rezoning to you can’t make the really hard ago, when two clients sold their —judith messina

W8 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 9 9/26/2007 1:45 PM Page 1

100 MOST INFLUENTIAL WOMEN Lidia Bastianich Eleanor Baum Candace Beinecke

immigrant from Istria, a former Pratt Institute, corporation that sponsors research legal teams. She CHEF LIGHTS region of Italy now also shared by becoming dean of projects in the engineering school. was appointed Croatia and Slovenia, Ms. its engineering She is also on the boards of chair of Hughes FIRE UNDER Bastianich came to the United school in 1985— Allegheny Power System Inc. and Hubbard in States in 1958 with help from the nation’s first the New York Building Congress. 1999, making Catholic Charities. She gives back female engineering She proved her guidance her the first MILLIONS by contributing time and money to dean. Dr. Baum counselors wrong in a number of female chair of a the U.N. Development Fund for was named dean of ways. Dr. Baum has had an major New York Lidia Bastianich Women. ’s engineering school outstanding career and is married to law firm. She is also a founder of the in 1997, and female enrollment has a physicist, Paul Baum, a professor Throughout her career, she has Lidia’s Italy International Association of risen to 30% from 3% since then. at Cooper Union. earned respect from combative and Women Chefs and Restaurateurs, “We knew we were successful —tina traster sometimes outright sexist male idia bastianich didn’t start which helps women who want to when women no longer needed to lawyers, while maintaining her out in the kitchen; in fact, she enter the field. “Opportunity is very be the smartest ones in the class,” firm’s independence in an era of Lstudied medicine in college. important to me,” Ms. Bastianich she says. BALANCING consolidation. It’s been a balancing She was introduced to professional says. “The culinary industry has Dr. Baum, 67, serves as executive act. cooking when her family opened its been very hard for women, director of the Cooper Union “I think my greatest skill is being first restaurant in 1971, and she has especially financially.” Research Foundation, a nonprofit ACT AT TOP able to do tough things without since become New York’s doyenne —tommy fernandez breaking a lot of glass,” she says. of Italian cuisine. LAW FIRM During Ms. Beinecke’s tenure, Despite her lack of formal Hughes Hubbard has ranked training, she has DEFYING Candace Beinecke among the top law firms in the created a culinary country for its corporate practices empire Hughes Hubbard & Reed and diversity hiring, while profits encompassing six RECEIVED per partner have increased 19% each restaurants, five ong before Candace year on average. cookbooks, four WISDOM Beinecke became chair of Ms. Beinecke also serves on a TV shows— LHughes Hubbard & Reed, number of boards. She’s chairman including the Eleanor Baum her mother knew of $35 billion investment fund First public-television series Lidia’s that she’d Eagle Funds, a director of Italy—two wineries, a line of pasta Cooper Union Engineering School become a transportation and energy firm sauces and a travel company. lawyer: Alstom and a vice chair of the Ms. Bastianich, 60, is inspiring hen eleanor baum was “We knew She argued Partnership for New York City. millions of people to cook. The key in high school in the we were too much as —tommy fernandez to her success, she says, is simple: W1950s, guidance successful when a kid. She promotes cooking as a counselors told her that women Ms. Beinecke, 60, collaborative act of affection among couldn’t grow up to be engineers. women no longer was a pioneer in her family members. “My style does not Her mother warned that no man needed to be the field. She was a corporate Stephanie Bell-Rose reflect any rigid culinary school,” would marry an engineer. Dr. smartest ones lawyer during the 1970s, she says. “It reflects home cooking.” Baum paid no attention. in the class” a time when clients Goldman Sachs Foundation Her professional passions are After a brief stint in the —Eleanor Baum thought nothing of dropping Page W10 not limited to the kitchen. An aerospace industry, she taught at a firm that put “girls” on their

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October 1, 2007 | Crain’s New York Business | W9 CNYB 10-01-07 A 10 9/26/2007 1:50 PM Page 1

100 MOST INFLUENTIAL WOMEN Stephanie Bell-Rose Rosemary Berkery Sheila Birnbaum Cathleen Black Jo Ivey Boufford Foundation leader directs funds to deserving students

Stephanie Bell-Rose reach their potential. Ms. Bell-Rose spearheaded a new The foundation’s signature ini- area of research into SAT scores Goldman Sachs Foundation tiative aims to nurture middle- and the subsequent college prog- school students who have potential ress of high-achieving minority tephanie bell-rose for academic success but few re- kids. grew up in poor neigh- sources and no mentors. It has A number of universities are con- borhoods in Brooklyn served more than 1,200 kids, many tinuing her work in the field. and on Long Island.But of whom went on to top-tier uni- In her spare time, Ms. Bell-Rose that didn’t stop her from versities. is a member of numerous boards, helping others. She Ms. Bell-Rose has also worked including the Dean’s Council of started volunteering at hard to assure that her efforts are Harvard Law School and the age 14, working summers at a day making a difference. She American Museum of Natural Scare center and a nursing home. was one of the first foun- History. She is a trustee of “Both of my parents were com- dation executives to hire the Barnes Foundation in mitted to service for the improve- outside experts to gauge $20M and has been ment of the lives of others,”she says. the results of the organi- ANNUAL TOTAL instrumental in helping given by Goldman “That was a part of our family ethos, zation’s charitable activ- Sachs Foundation the famed art institution and I absorbed it from my earliest ities—an idea that has right itself after years of fi- days.” since gained wide acceptance nancial trouble. And when she earned a scholar- among nonprofits. Much of Ms. Bell-Rose’s in- ship to Harvard University, Ms. spiration has come from her moth- Bell-Rose never hesitated about her ‘A visionary leader’ er, who was widowed at age 34 and career choice: public service. Today, “stephanie is a visionary leader raised four children on her own. All as the founding president of the among foundation presidents,” says of them went on to Ivy League Goldman Sachs Foundation, the Ronna Brown, president of the schools. 49-year-old Harvard Law School New York Regional Association of Now, Ms. Bell-Rose instills in graduate controls $200 million in Grantmakers. “Goldman is one of her three sons the same values assets—putting her at the helm of the corporations that is very strate- learned from her family. She also the largest philanthropy on Wall gic in its giving and measuring the uses her children as sounding Street. effectiveness of its grantees’ pro- boards when reviewing which proj- In eight years at the foundation, grams.” ects to fund. Ms. Bell-Rose has focused on one In her previous job as counsel “My kids are the best proposal major issue: helping bright kids and program officer for public af- readers around,” she says. from disadvantaged backgrounds fairs at the Mellon Foundation, —miriam kreinin souccar buck ennis

as Merrill has sought to expand, she In a field notorious for its America, is an BRINGING has played a key role in identifying in-your-face personalities, 67-year- industry champion HEALTH partnerships and acquisition targets, old Ms. Birnbaum is known for and has become a LAW, ORDER negotiating deals and integrating her quiet, pedagogical style. symbol of women’s FOR NYC new businesses. Before entering private practice, rise in corporate —judith messina she spent more than a decade as a America. She TO WALL ST. law professor at Fordham helped launch Ms., AND BEYOND University and at New York was the first Rosemary Berkery POWER 25 University, where she also served as woman publisher at a Jo Ivey Boufford Merrill Lynch an associate dean. weekly consumer New York Academy of Medicine “I try to listen hard to people and magazine—New osemary berkery has a QUIETLY TOPS help them resolve their issues,” she York—and served er appointment in broader mandate than the says, speaking of her style of as the first February as president of the Rtypical general counsel. She IN TORTS managing the 75 attorneys in her publisher of USA HNew York Academy of not only runs all of Merrill Lynch & division. “I prefer being a problem Today. Ms. Medicine caps Jo Ivey Boufford’s Co.’s legal and compliance Sheila Birnbaum solver, rather than one who creates Black sits on extraordinary career in health care. operations; she also oversees global more problems.” the boards of She is the only research and represents Merrill in Skadden Arps —tommy fernandez Interna- woman to have led dealings with numerous Slate Meagher & Flom tional the city’s Health constituencies, POWER 25 Business and Hospitals from governments heila birnbaum has been Machines Corp., and she to individual called “the queen of torts,” and and Coca- served as a top investors. Sshe has earned the title. As the A CAREER Cola. official in the U.S. A trusted partner in charge of the complex “My Department of adviser to Chief mass tort and insurance group at message for Health and Human Services. Executive Stanley Skadden Arps Slate Meagher & OF FIRSTS women is that In her previous position as dean O’Neal, Ms. Flom, Ms. Birnbaum has battled in you really have of ’s Robert F. Berkery was elevated to vice chair in many of the most significant class Cathleen Black to define Wagner Graduate School of July, expanding her influence. actions of the past 30 years. Hearst Magazines what you “My kids are Public Service, she helped shape “Rosemary’s been instrumental in In 2003, she convinced the U.S. want,” she the best proposal the careers of thousands. She now driving growth and new business Supreme Court to reverse a s president of one of the says. “I got leads the nation’s most respected opportunities for the firm,” says Mr. $145 million punitive-damages world’s largest magazine the drive readers around” urban health center. The 160- O’Neal. award against publishers, Cathleen Black and —Stephanie year-old academy, which has a A budget of $23 million, has a broad A Long Island native, Ms. State Farm Mu- makes decisions that touch the lives ambition Bell-Rose Berkery, 54, took the law boards as a tual Automobile of millions. gene.” mandate that ranges from lark and won a full scholarship to St. Insurance Co. as In her 12 years at Hearst Her conducting groundbreaking John’s University. She is “one of the unconstitutionally Magazines, Ms. Black has turned influence is about research on HIV to holding health few people who actually liked law excessive. In the $7 billion company into a lean to grow further classes for more than 500,000 public school,” she says. another Supreme and formidable operation, while with the publication school students. After graduation, she spent five Court case, in ushering venerable brands—from this fall of her book, Dr. Boufford, 62, hopes to create years at Shearman & Sterling; she 1997, she successfully defended Cosmopolitan to Good Housekeeping Basic Black, which is more of a platform for policy then joined Merrill in 1983. She has Metro-North Commuter Railroad to Esquire—into the online era. She aimed at giving other recommendations. “If you do held numerous positions over the against an asbestos lawsuit. Other has pushed into global markets and women the keys to her something well in this city, it years, from associate general counsel clients have included Dow Corning, oversees 200 international editions. success. becomes a model for the nation and to head of securities research to chief Anheuser-Busch, Copley Pharma- Ms. Black, 63, a board member —elizabeth the world,” she says. of private client marketing. Recently, ceutical and American Stores. of the Magazine Publishers of macbride —elizabeth macbride

W10 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 11 9/26/2007 1:52 PM Page 1

100 MOST INFLUENTIAL WOMEN Thia Breen Pamela Brier Mary Schmidt Campbell

and she’s got special Schmidt for undergraduate scholarships. HOT ON THE warmth,” says PIED PIPER Campbell became The dean led a $50 million longtime health care its dean in 1991. campaign for capital improvements SCENT OF lobbyist Maureen FOR ARTISTS That’s how it to the school’s Maurice Kanbar Connelly. should be, because Institute of Film & Television and Ms. Brier’s role at Ms. Campbell for renovations to the Institute for EXPANSION Maimonides, which IN TRAINING believes there’s no Performing Arts. Ms. Campbell was serves many low- greater mission recently nominated to the board of Thia Breen income families, al- “If Mary Schmidt than seeding the careers of young the New York State Council on the Estée Lauder lows her to make her someone Campbell people who are ready to learn. Arts, a position that will let her presence felt in the gets great “We want students to come foster the arts beyond NYU. hia breen’s impressive community.“Even service, Tisch School of the Arts, here, whether or not they can afford —tina traster career in cosmetics started though I’m not that’s New York University to,” she says. To that end, the humbly. Her first job as a working for gov- the 59-year-old art historian, author Tteenager in Benson, Minn., was ernment anymore, reflection he number of and former museum curator has Patricia Cloherty selling Bonne Bell makeup at her I still feel that I’m of the applications for raised funds to pay for 30 high parents’ small-town drugstore. That a public servant,” brand” the Tisch School school students to attend an annual Delta Partners early experience stuck with Ms. she says. — Thia Breen Tof the Arts has grown summer program at Tisch. And the Page W12 Breen, now the president of Estée —gale scott threefold since Mary school’s 2006 gala raised $1 million Lauder Worldwide. “The only thing that really matters is customers coming to the beauty counter,” she says. “If someone gets great service, that’s the reflection of the brand.” Ms. Breen, 57, has spent most of her career promoting and developing Estée Lauder’s brands. She started with the company in 1977 as an account executive for Clinique. As she climbed the ladder, Ms. Breen managed the Aramis and Origins brands, and later helped make Clinique the top cosmetics brand in U.S. department stores. Today, she focuses her energy on increasing The Estée Lauder Cos.’ global business, which spans 130 countries and territories. Last year, the parent company reported $7 billion in sales. Although she’s come a long way from hawking Bonne Bell in her hometown, Ms. Breen takes her success in stride. “I just add a few zeros to the orders these days,” she says. —elisabeth butler RESULTS THAT ARE OFF THE CHARTS Pamela Brier Maimonides Medical Center aimonides Medical Your friendly, neighborhood global fi nancial company. Center in Brooklyn was Malready on its way to becoming a standout community hospital when Pamela Brier became chief executive in 2003. She took the institution to the next level. This year, a survey by HealthGrades YOU WANT THE STABILITY of a big company, and the benefıt education to one-on-one retirement named Maimonides the state’s best personal attention of a local shop. At The Principal,® and fınancial planning for your employees. hospital for cardiology and pulmonary care we offer you the best of both. 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Securities offered through increase patient loyalty and bring in Princor Financial Services Corporation, (800) 247-4123, member SIPC and/or independent broker/dealers. Securities sold by a Princor Registered Representative new business. So she spruced up the are offered through Princor.® Bank products offered through Principal Bank,® member FDIC, Equal Housing Lender. Principal Life, Princor,® Principal Bank and birthing rooms and hired more Principal Financial Services, Inc., are members of the Principal Financial Group,® Des Moines, IA 50392. Insurance and annuities are not FDIC insured, not obligations staff. or deposits of Principal Bank, not guaranteed by Principal Bank, and subject to investment risks, including possible loss of the principal invested. #5216072009 Fifteen years in New York City’s municipal hospital system armed Ms. Brier, 62, with sharp executive and political skills. “She’s indefatigable,

October 1, 2007 | Crain’s New York Business | W11 CNYB 10-01-07 A 12 9/26/2007 4:32 PM Page 1

100 MOST INFLUENTIAL WOMEN Patricia Cloherty Faith Hope Consolo Nancy Coyne Elaine Crocker Zoe Cruz Capitalist adventurer mines Russia’s free-market frontier

Patricia Cloherty vestment pot targeted at the Russ- backed numerous success stories, ian market. such as chip maker Tessera and sev- Delta Private Equity Partners In Russia, where corporate own- eral biotech firms.Among them was ership isn’t always clear and the rule Scotland’s PPL Therapeutics,which atricia cloherty of law is a work in progress,Ms.Clo- engineered Dolly the cloned sheep. is used to taking herty’s involvement often goes be- “I like the performance orienta- risks.In the 1960s,as yond investing. In 1998, the city of tion of the business— one of the first St. Petersburg nullified her fund’s backing early-stage companies and applicants to the majority position in a porcelain fac- trying to beat the big guys,”she says. newly formed Peace tory and refused to compensate her. Ms.Cloherty later served as dep- Corps, she ended up She sued and won back control. uty administrator of the U.S. Small being the lone volunteer in a remote “She doesn’t like simple chal- Business Administration,under Poutpost in Brazil where women lenges,”says venture capital- President Jimmy Carter, and weren’t even allowed to drive. ist , a former as president of the National “It was an experiment to see if a partner of Ms.Cloherty’s. $10B Venture Capital Associa- woman could work alone in central SIZE OF THE FUND tion.She helped launch the Profiting on properties Ms. Cloherty managed Brazil,”she says.“I learned flexibility.” at Patricof Committee of 200, which More recently, she has parlayed many of her early invest- aims to stimulate entrepre- her yen for adventure into backing ments have paid off hand- neurship among women. entrepreneurs in the Wild East of somely.She has sold some prop- In 1994, President Bill Clin- newly capitalist Russia. Since 1995, erties for as much as two to four ton appointed her chair of the U.S.- Ms. Cloherty has been bankrolling times her original investment to Russia Investment Fund, which startups—including finance com- buyers including Nestlé, GE Con- made equity investments in promis- panies and a chain of sandwich sumer Finance, Société Générale ing Russian companies. shops—that aim to serve the coun- and Fidelity Investments. Even though the Russian govern- try’s growing middle class. Ms.Cloherty,65,cut her teeth in ment is continuing to play an activist Over the years, she doled out the VC world at Patricof & Co.Ven- role in the economy,Ms. Cloherty is $330 million from the Washington- tures,where she started as a research gearing up to start a third fund. backed U.S.-Russia Investment analyst in 1969. She was named a “The capitalist genie is out of Fund. Now, as chief executive of partner within a year;eventually,she the bottle,” she says. “It will not be Delta Private Equity Partners, she became president and co-chair,along held back.” controls a $120 million private in- with founder Mr. Patricof. She —judith messina

Elliman Group, Ms. Consolo directs musical in the past three decades. rarefied universe, is president of oe cruz survived the A LITANY OF 200 brokers across the country and When business plummeted $13 billion Moore Capital power struggle that roiled helps retailers with national—even immediately after the Sept. 11 Management, where she runs the Morgan Stanley two years PIONEERING international—expansions. One terrorist attacks, Ms. Coyne compliance, personnel, legal and ago,Z which brought John Mack example: a 52-store, 20-city package convinced Broadway’s fiercely finance operations and helps find back to the company as chief she completed for Papyrus. competitive producers to band and develop portfolio managers. executive. RETAIL DEALS Ms. Consolo, whose often-seen together, creating the first Ms. Crocker, 62, handles her role She had already proved herself advertising tagline is “You need Faith,” industrywide ticket discount “with the experience born of to be a formidable force on Wall Faith Hope Consolo is a relentless self-promoter. But the initiative, The Season of Savings. dealing with many talented but Street. From 2000 to 2005, Ms. Prudential Douglas Elliman hype isn’t empty: She made it to the Broadway had its best winter ever. difficult-to-manage traders and Cruz ran the investment bank’s top in a field dominated by men. The 60-year- with the needs of investors through profitable global fixed-income, n her 25 years of bringing —elizabeth macbride old executive many investing commodities and foreign exchange retailers to New York City, real credits her success cycles,” says business. Iestate broker Faith Hope to her mother, who Moore Capital Under her leadership, 2004 Consolo has helped transform STAR worked tirelessly founder and revenues from fixed-income sales dozens of neighborhoods from to help her Chairman Louis and trading reached $5.6 billion. shabby to chic or fading to on- daughter become Bacon. That record-breaking figure fire. “I think every place can offer OF B’WAY the Shirley Temple A New Jersey represented 14% of Morgan something better,” she says. of their native Silver Spring, Md., as native, Ms. Stanley’s total revenues that year. Ms. Consolo, 58, ADS well as first in her high school class. Crocker took a job in 1970 with Now, as head completed 207 transactions Ms. Coyne, now a grandmother of fledgling trading company of Morgan just last year. Over the “I feel Nancy Coyne 7-month-old twin boys who live in Commodities Corp., eventually Stanley’s biggest course of her career, she has very Serino Coyne her building, is equally passionate rising to the position of executive business— handled some of the city’s maternal about and protective of her clients. vice president. Among other institutional most important retail leases. toward my nyone who’s “I feel very maternal toward my responsibilities, she headed trading securities—as She helped jump-start the shows” seen a TV shows,” she says. “I do everything I administration; in that role, she well as its retail Flatiron district’s commercial can for them to thrive.” sought out promising traders and brokerage, Ms. —Nancy A commercial ascent when she for Cats or walked —miriam kreinin souccar helped to train them. Cruz is again demonstrating her oversaw a Coyne past a billboard for She once turned Mr. Bacon mettle. deal for Wicked is familiar down for a job, telling him to go get The securities operation, clothier Paul with Nancy Coyne’s PRACTICED some experience. Later, she gave which includes underwriting and Smith, and work. In fact, Ms. him seed money to trade stock and bond sales and trading, she helped Coyne has created independently. He went on to posted record revenues in the solidify virtually every TRAINER found Moore Capital; in 1995, he second quarter; at $7.4 billion, they Times Broadway tapped Ms. Crocker to join his were up 39% from year-earlier Square’s advertisement for the OF TRADERS team. levels. reputation as a family- past 30 years. —judith messina Ms. Cruz, 52, joined Morgan friendly destination by Her agency, Serino Elaine Crocker Stanley’s investment banking putting Toys “R” Us into Coyne Inc.—which was Moore Capital Management division in 1982, straight out of 100,000 square feet there. bought by giant POWER 25 Harvard Business School. Her clients on Fifth Omnicom Group four nown in hedge fund circles In 1990, she was named a Avenue have included years ago—has 100 for her ability to identify and WALL STREET managing director, and from 1993 Fendi, Versace and employees and an 80% Knurture talented traders, to 2000, she was co-head of the Cartier. share of the Broadway ad Elaine Crocker has spent more than foreign exchange division. As chairwoman of market. It handles 15 of the 30 years helping to launch some of SURVIVOR Colleagues have referred to her as a the retail leasing and 16 top-grossing shows the industry’s most skilled players. “Cruz missile,” a nod to her direct sales division of and has represented just Ms. Crocker, one of the few Zoe Cruz approach. Prudential Douglas about every Tony-winning women in the upper reaches of that Morgan Stanley —judith messina

W12 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 13 9/26/2007 1:59 PM Page 1

100 MOST INFLUENTIAL WOMEN Jennifer Cunningham Leslee Dart Julie Hembrock Daum Karen Davis

POWER 25 used nurses and old people to scold Big Apple is booming, Ms. Dart has Each year, Ms. Daum develops the the new governor. shown that you don’t have to be on RECRUITER Spencer Stuart Board Index,a “It was contentious,” she says. “It the West Coast to be a success in publication detailing trends at A FORCE IN was an odd assumption that because the movie busi- PUTS WOMEN national boardrooms, and is also there was this new ‘tough guy,’ we ness. Unlike most responsible for the creation of the would have any other response than of her competitors, Directors’ Forum, a “boot camp” for NY POLITICS to do right by health care workers who are based in ON BOARDS first-time board directors, at the Jennifer Cunningham and patients.” Hollywood, Ms. Wharton School of the University —anne michaud Dart anchors her Julie Hembrock Daum of Pennsylvania. Lobbyist agency in New “We see ourselves as more than York, where more Spencer Stuart just recruiters,” says Ms. Daum. ennifer cunningham has been “We see ourselves as advisers in the called the most powerful unelect- PR VETERAN than half of her staff works. In ulie hembrock daum is addition to entertainment boardroom.” ed woman in New York politics. tackling one of the most glaring —adrianne pasquarelli J As the former political director FOCUSES ON marketing, the firm provides more gender inequities in corporate unique services, like awards- J for the state’s largest health care America: the lack of women union, 1199 Service Employees In- FILMMAKERS campaign counseling and board directors. Ms. Daum, ternational Union, as well as the suc- crisis planning. head of the North American board- CONSENSUS- cessful manager of Attorney General In its first two staffing practice at Spencer Stuart, Andrew Cuomo’s 2006 campaign, Leslee Dart and a half years, has helped place 350 women on BUILDER ON Ms. Cunningham, 45, is a rising star. 42West 42West’s clients have boards since 2000. One of her first victories, in the already racked up “I once had a company mid-1990s, was to persuade Gov. er client roster proves hundreds of Oscar interested in recruiting a woman, HEALTH CARE George Pataki to provide health Leslee Dart’s impact in nominations. but she had to speak German and insurance for the the entertainment in- “It’s not a like to go bird Karen Davis H matter of working poor, via dustry.The founder and chief shooting,” says “We see pulling out a The Commonwealth Fund a program called executive of public relations ourselves as Ms. Daum. “That Family Health agency 42West, Ms. Dart rep- PR 101 kind of thing n the fractious field of more than notebook,” Ms. Plus. This past resents high-profile film- recruiters; doesn’t happen health care policy, Karen year, as a lobbyist, makers Wes Anderson, Mike Dart explains. anymore.” Davis, president of The Com- we’re “You really create I she convinced the Nichols, and Ms. Daum, 53, monwealth Fund for 12 years, Legislature to . advisers a campaign for has worked at stands out as a consensus-builder raise home health aides’ hourly pay The 53-year-old publicist in the each individual Spencer Stuart for 14 years, whose practical ideas are helping to $10 from $5. says she started her own agency boardroom” project.” Judging following a career as a consultant at states to reform their health care Ms. Cunningham’s pride in in 2004 after she was fired from —Julie from the Academy McKinsey & Co. The notches on systems. public service is plain, and one powerhouse PMK/HBH Inc.— Hembrock Award triumphs her gun include some of the world’s A case in could get the idea that she’s a softy and took most of her clients with Daum of recent films largest corporations. She filled the point: an from her friendly manner. But that her. 42West, which began as the Crash and The entire board of the newly public influential 2003 would be wrong. When Gov. Eliot two-employee Dart Group and Departed, it’s not a Delta Air Lines last spring, and also article she co- Spitzer tried to cut hospital and changed its name last fall, has bad strategy. staffs the boardrooms for American wrote that nursing home funds last spring, Ms. since grown to 54 employees. —adrianne Express, Pfizer, General Mills and outlined, among Cunningham wrote the ads that At a time when filming in the pasquarelli UnitedHealthcare, to name a few. other things, how

October 1, 2007 | Crain’s New York Business | W13 CNYB 10-01-07 A 14 9/26/2007 2:03 PM Page 1

100 MOST INFLUENTIAL WOMEN Vishakha Desai Laura Desmond Elizabeth Diller Mary Callahan Erdoes Michelle Felman Instincts give acquisitions exec real advantage

Michelle Felman ing and structuring their acquisi- tion. Vornado’s enterprise value has Vornado Realty Trust grown to $34 billion from $1.5 bil- lion during her decade with the n an industry dominated company. by outsize masculine per- “She has very good instincts for sonalities, being a woman good deals,” says Vornado President has its advantages. Michael Fascitelli. “Women are extremely Ms. Felman, 45, has engineered intuitive,” says Michelle some of Vornado’s most prominent Felman,executive vice pres- transactions. She helped steer Vor- ident at Vornado Realty Trust. “You nado’s $2.5 billion purchase of Iunderstand other people’s motiva- Charles E. Smith Commercial Re- tions, and you can respond to them alty,which added 14.3 million square buck ennis in a way that gets both sides what feet to Vornado’s burgeoning port- they want.” folio and made the REIT the largest ter a period of reduced buying ac- how to structure deals.” rector of global acquisitions and Ms. Felman, head of acqui- commercial property owner in tivity. A few years ago, she helped The daughter of a Holocaust business development, she was in- sitions for the country’s sec- the Washington, D.C., area. launch the company’s profitable survivor and a former Israeli police- volved in $5 billion worth of corpo- ond-largest real estate in- She also has been in- mezzanine lending business. woman, Ms. Felman, a self-de- rate and property acquisitions. She vestment trust, combines $18B strumental in the acquisi- scribed tomboy, grew up on Long joined Vornado in 1997 and was her intuition with the VALUE OF VORNADO’S tion of numerous marquee Behind the scenes Island. She majored in economics at named head of acquisitions in 2000. skills of a savvy and disci- acquisitions since properties, including the “she’s not just a deal-doer,” says the University of California, Berke- Her advice to would-be deal-mak- plined deal-maker.Her job Ms. Felman joined Manhattan Mall and the Steven Mnuchin, co-chief execu- ley and earned an M.B.A. from the ers:“Only worry about the important is finding and valuing in- former Manufacturers Han- tive of Dune Capital Management, Wharton School. things, and deal with those first and vestment properties—from of- over Trust headquarters at 350 who has worked with Ms. Felman Following Wharton, she spent up front. If you can’t figure out the fice buildings to shopping malls— Park Ave. The latter purchase re- on a number of transactions. “She’s three years in real estate finance at one or two most important things, and overseeing the often complex established Vornado as a player in very creative and really understands Morgan Stanley and then headed to you should not be doing the deal.” process of underwriting, negotiat- the New York City office market af- both the real estate business and GE Capital where, as managing di- —judith messina

to cover the uninsured by expanding Vishakha Desai, Asia rises in importance, if the Asia Starcom. In 2000, she became CEO overhaul of Lincoln Center, and also public health programs. Some of 58, a native of Society doesn’t rise in importance, of Starcom MediaVest’s Latin won the bid to transform New York’s Ms. Davis’ ideas have been taken up India, presides we should close our doors,” she says. American division; within three High Line into a park. by presidential candidates and have over it all. —miriam kreinin souccar years, she had doubled revenues. Ms. Diller, 53, did not seek out inspired officials in Massachusetts Ms. Desai, a In 2003, she became CEO of the mainstream commissions for most of and other states searching for scholar of classical troubled MediaVest USA unit. She her career, favoring small art progressive solutions. Indian art and POWER 25. turned it around and soon won $350 installations instead. But in 1999, “She’s always thinking of ways former performer million in business from Coca-Cola she and her husband became the you can mix and match ideas, trying of South Indian dance, was and a slew of new assignments from first architects to win a so-called to weave them into a broader cloth,” promoted to president ADVERTISING other heavyweights, including genius grant from the MacArthur says Dr. James Mongan, chief of the 50-year-old Wendy’s and Wal-Mart. “Her Foundation. After that, clients like executive of Partners HealthCare institution three ADVOCATE leadership and our knowing she was the Boston Institute for System in Boston. years ago—the first at the helm made a big difference to Contemporary Art came calling. The 89-year-old Common- woman ever in that Laura Desmond us,” says Chuck Fruit, a senior Still, Ms. Diller, who teaches wealth Fund supports everything post. Since then, the adviser to Coca-Cola. full-time at Princeton and works from rural health to improvements $30 million Starcom MediaVest Group, Ms. Desmond was named CEO from 4 a.m. until 9 p.m. nearly every in elder care with some $20 mil- organization The Americas of SMG, The Americas last year. day, takes on only projects she’s lion in grants each year. Ms. Davis, “If the Asia has expanded —judith messina passionate about. 64, an economist by training and Society its global aura desmond first “I don’t distinguish the difference the first woman to head an doesn’t rise in reach. Last considered advertising as a between work and play,” says the agency of the U.S. Public Health importance, year, it went on Lcareer in an unlikely setting: ARCHITECT Poland-born daughter of Holocaust Service, says she isn’t finished we should a $100 million her college rhetoric class. She was survivors. “My husband and I are forcing change. “I find it a close our building spree, the only student to argue that GIVES CITY very obsessed with our work, and it’s tragedy when there are things we doors” creating glitzy advertising has a positive impact on contiguous with our personal lives.” know how to do and we don’t do —Vishakha outposts in Hong society.“I thought there must be —miriam kreinin souccar them,” she says. Desai Kong, Houston something [to advertising], since I A NEW LOOK —elizabeth macbride and elsewhere. was so positive embracing it,” she Previously, says. “I thought I had better check it Elizabeth Diller MATH MAJOR Ms. Desai served out.” Diller Scofidio + Renfro INDIA NATIVE as director of She did more museum and than test her lizabeth diller never TAKES MAJOR PROMOTES cultural theory: Ms. wanted to become an BANK ROLE programs at the Desmond became Earchitect: It was her parents’ Asia Society, a major player in idea. But the former Cooper Union ALL OF ASIA which became the the ad game. As art student took an architecture Mary Callahan Erdoes first U.S. chief executive of course on a lark and ended up J.P. Morgan Private Bank Vishakha Desai institution to the Americas division of giant media switching her degree. Asia Society present buyer Starcom MediaVest, she is Now she is changing the face of hen she graduated contemporary Asian responsible for more than $15 billion New York. Together with her former from Georgetown Uni- ecent speakers at the Asia art. Artists she in annual media buys for advertising college professor and now husband, Wversity, Mary Callahan Society include Afghan introduced in a 1998 titans such as General Motors and Ric Scofidio, Ms. Erdoes, the only woman in her class RPresident Hamid Karzai and museum show are today Procter & Gamble. Diller has become to receive a degree in mathematics, former U.S. Secretary of State fetching record prices at Ms. Desmond, 43, wasted no the go-to architect didn’t know a balance sheet from a Henry Kissinger. Composer auctions. time climbing the career ladder after for cultural and spreadsheet. “What I knew was that Philip Glass attends Ms. Desai is proud of graduating from the University of civic projects. The being a female math major was performances, scouting for the the Asia Society’s Iowa. She won a coveted position at firm is designing unique, and I had to figure out a way hottest Asian musicians newfound prominence, the prestigious media division of the lion’s share of to use it,” she says. to collaborate with. but not surprised. “As Leo Burnett, predecessor to the $1 billion She got the jump start she

W14 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 15 9/26/2007 2:07 PM Page 1

100 MOST INFLUENTIAL WOMEN Katherine Farley Jane Friedman Susan Fuhrman

needed from a crash course in finance POWER 25 current hits like The Dangerous Book having her finger on the pulse of the and a job as an analyst at Bankers for Boys and literary gems like mass market, is breaking more A LEADER Trust. She joined J.P.Morgan Private Annie Dillard’s The Maytrees. ground with her project to digitize Bank in 1996 as head of the fixed- Ms. Friedman, 62, who began the company’s backlist. The OF THOSE income group, handling wealthy IT’S ALL IN her career as a Dictaphone typist, mammoth undertaking will make clients, foundations and endow- was an executive with Alfred A. books searchable and pave the way ments. THE BOOK Knopf before for HarperCollins to sell them in WHO TEACH Eight years later, she was taking the top spot digital form. named chief executive of the Jane Friedman at HarperCollins A working mother of four Susan Fuhrman private bank, the third-largest in the in 1997. before it became common for world. On her watch, assets under HarperCollins Since then, the women with children to climb the Teachers College, management have grown more than ane friedman is head of the subsidiary of corporate ladder, Ms. Friedman Columbia University 33%, to $422 billion. world’s fourth-largest Rupert Murdoch’s has been known to interrupt a Colleagues credit Ms. Erdoes, publishing company, a $1.34 News Corp. has meeting with Mr. Murdoch to take usan fuhrman knows how to 39, with first-rate coaching and J a call from her son. billion giant with 3,000 nearly doubled in size. With fix schools. She began her communication employees and expanding operating income of $159 million, it “That is my rule,” she says, career as a professor of skills. When she “that my sons can always reach me S operations worldwide. has the largest profit margins in the education policy at Rutgers took over the HarperCollins Publishers produces industry. by phone—no matter what.” University and for more than a private bank, she 4,500 books a year, including Ms. Friedman, known for —elizabeth macbride decade has carried out her ideas set up shop in the trenches alongside the portfolio managers, private bankers and estate advisers. She holds a daily 8:15 a.m. conference call, during which she fields questions from any of the bank’s 3,500 employees in 38 countries. Her toughest challenge now is managing billions of dollars in a turbulent market. “The big job is making sure we’re doing the best for clients in good markets and bad, being able to weather any storm,” Ms. Erdoes says. —judith messina

POWER 25 REAL ESTATE ANDTHE ARTS Katherine Farley Tishman Speyer atherine farley is a power broker in two worlds: real Kestate and the arts. As a senior managing director at Tishman Speyer—where she has worked since 1984 and where she met her husband, Jerry Speyer, the company’s chief executive— Ms. Farley is responsible for all of the real estate behemoth’s busi- ness in emerging markets. The 58-year-old executive, who has a master’s in architecture from Har- vard, presides over $600 million in investments in Brazil and $700 mil- lion in India, as well as projects in China totaling close to $1 billion. And that’s her day job. Ms. Farley, Our custom-made business solutions vice chair of Lincoln Center for leave other banks behind. the Performing Arts, is leading the center’s $1 billion redevelopment Not every business challenge can be solved with the same approach. Imagine a bank that will project, the city’s largest and most important cultural expansion. She is treat your needs unlike any other bank would. Now imagine that same bank making those dreams also a trustee of the Alvin Ailey happen. At Banco Popular we are committed to the success of your business. With over 114 years American Dance Theater. of banking experience we offer a wide variety of financing alternatives and experienced She made headlines a few years professionals that will provide unique solutions for your particular banking needs: ago when, as chair of the New York Lending options for commercial and Real Estate projects • Cash Management Services Philharmonic’s real estate Depository Accounts • Insurance and payment processing committee, she led the orchestra’s If you are looking for innovative solutions other banks may not offer, come to Banco Popular. ill-fated negotiations to merge with Carnegie Hall. In general, Ms. Visit us or go to www.bancopopular.com for more information. Farley shies away from the spotlight. “She cares much more about the work than about herself,” says Reynold Levy, president of Lincoln Center. “She is very modest and Call our Commercial Banking Specialists to find out about our services: 1-800-250-6968 self-effacing.” —miriam kreinin souccar ©2007 Banco Popular North America. Member FDIC. Equal Housing Lender.

Michelle Felman Vornado Realty Trust Page W14

October 1, 2007 | Crain’s New York Business | W15 CNYB 10-01-07 A 16 9/26/2007 3:39 PM Page 1

100 MOST INFLUENTIAL WOMEN Bonnie Fuller Ellen Futter Barbara Gallay Gladys George Julie Gilhart Free spirit finds a home as a fashion guiding light Julie Gilhart She has also moved established ing the world to uncover trends and stars like Helmut Lang,Alber Elbaz, designers and returning with fresh Barneys New York Balenciaga and Proenza Schouler ideas for magazine shoots. into the mainstream.For instance,af- In 1992, she reluctantly accepted hen Ju- ter she brought French luxury hand- an unsolicited job offer from Bar- lie Gil- bag and luggage company Goyard to neys to head up its expansion.“I told hart ar- the United States, Bergdorf Good- them that I didn’t like the corporate rives at man and other stores followed suit. structure of a retail organization,” the SoHo “Thanks to Julie, we’ve had a Ms.Gilhart recalls.“I liked the free- office of continuous parade of fresh talent,” dom and creativity and spontaneity fashion says Howard Socol, president of of freelance work.” designer Rogan Gregory,it’s hard to Barneys. As it turns out, she found believeW that she isn’t one of the mod- He says that Ms. Gilhart the long leash she craved at els. The reed-thin Ali McGraw has been a significant force Barneys. Ms. Gilhart has look-alike is wearing short-shorts, a in the company’s success weathered the past decade flowing Lanvin blouse and chunky but declines to disclose Avid of corporate expansions SURFER who has hit sandals. financial data. Barneys’ beaches worldwide and contractions and is But Ms. Gilhart, 49, doesn’t stalk holdings include five full- dealing with Barneys’pend- the catwalk. As fashion director at scale department stores, 14 ing sale to a Dubai-based in- Barneys New York,she decides what co-ops,11 outlets,a Web site and vestment fund. is for sale at some of the world’s most a licensing agreement with a Japan- Ms. Gilhart, who lives in the important fashion emporiums.“Julie ese company—and Ms. Gilhart’s West Village with her 15-year-old got us exposure at the most well- influence permeates all of them. Jack Russell terrier, supervises two respected retailer,”Mr.Gregory says, people and maintains a hectic adding that Barneys accounts for Independent bent schedule of markets, fashion shows, 30% of his wholesale business. born and raised in Dallas by her and meetings with buyers and sales- Ms. Gilhart, known industry- mother, aunt and grandmother, Ms. people. wide as the shepherdess of undis- Gilhart,49,left college at age 20 and “My whole life is about discov- covered designers, scored a coup by became a buyer for Neiman Marcus. ery,” Ms. Gilhart says. “If I lived to promoting green clothing,including After five years, she rejected the de- 200, I still wouldn’t get to do every- Mr.Gregory’s line of organic-cotton partment store career path for the thing I want to.” casual wear. life of an independent stylist,travel- —tina traster buck ennis

from top positions at two of the that she used became museum president 13 years leading cruise lines. nation’s leading academic CELEBRITY these skills just ago. It wasn’t her last. Ms. Gallay, a 66-year-old New institutions. before there was The 58-year-old former lawyer Jersey native, is president of one of Ms. Fuhrman, 63, recently GOSSIP’S an explosion of has turned the once-stagnant the world’s most exclusive travel completed her first year as celebrity-driven 138-year-old museum into a world- agencies. Among her affluent president of Columbia’s Teachers media,” says class institution. The museum’s clients: the top brass at numerous College, where GODMOTHER Martin Walker, annual traffic has doubled to 4 Fortune 100 corporations, members she is working chairman of million visitors, its endowment has of European royalty, and The Red to bridge gaps in Bonnie Fuller Walker Communications, a grown 143% to $571 million, and its Hot Chili Peppers. the city’s under- American Media magazine consulting firm. operating budget has tripled to Ms. Gallay, who as a young served schools. In April 2006, Ms. Fuller, 51, $156 million. It recently secured woman was told Before that, she onnie fuller, the former published her first book, The Joys of authorization to grant graduate she was too tall to was for 11 years editor of Us Weekly who is Much Too Much: Go for the Big Life— degrees in science, making it the first pursue her dream dean of the Bcredited with defining the The Great Career,The Perfect Guy, American museum awarded that of becoming a University of Pennsylvania’s Grad- celebrity weekly maga- and Everything Else You’ve Ever right. stewardess, has run uate School of Education, where zine, took her star power Wanted. Ms. Fuller, who has four Firsts are nothing new to the Linden Travel for her accomplishments included to American Media Inc. children, says she wants women to Long Island native. At 32 she the past 32 years. creating a model pre-K-through-8 in 2003. As chief editori- know “they can have a full life and a became president of her alma mater, More than 100 public school al director, she oversees career”—and plenty of celebrity Barnard College, and the youngest associates work for her. Last year, in West 15 titles, including gossip. person ever to head a major U.S. Linden reached $100 million in Phila- Star, Shape, Men’s —tina traster college. During 13 years in that revenue. In the first six months of delphia. Fitness, Natural post, she preserved Barnard’s the year, sales were 11% ahead of the Her Health and Fit POWER 25 independence from Columbia previous year’s levels. initiatives have been Pregnancy. University and built a dorm giving She is so busy that she barely has copied by other “I like Ms. Full- all students the option to live on time for her first love: personal reformers. “Her study on being a er, whose campus. “I like being a provocateur travel. “I have planned Bhutan twice state and federal policy on provocateur résumé UPDATING for change in ways that advance the and had to cancel it,” Ms. Gallay elementary and secondary for change includes stints at institutions while also staying true to says. “But my business is so education puts her in the while also YM, Marie Claire, ‘HISTORY’ their history or tradition,” she says. rewarding that I sometimes pinch forefront of reform,” says Jim staying Cosmopolitan and —miriam kreinin souccar myself because I can’t believe I’ve Kelly, president of the true to Glamour, has Ellen Futter done this.” National Board for institutions’ transformed Star from American Museum —miriam kreinin souccar Professional Teaching history” a tabloid to a glossy TRAVEL AGENT Standards. —Ellen Futter title. Circulation has of Natural History Ms. Fuhrman controls jumped 24% since her EXEC KEEPS a budget of $170 million. arrival, to 1.5 million t’s hard to imagine the OPERATES She has spent the past copies, though she is American Museum of Natural HOSPITAL year recruiting key under intense IHistory without the Rose Center FIRST-CLASS personnel and developing pressure to keep for Earth and Space, which has more transparency in fiscal bumping up those introduced millions of people to the Barbara Gallay HEALTHY and policy matters. Perhaps numbers as readers move to wonders of Linden Travel her biggest influence is the Internet. The number of astronomy since it Gladys George being felt off campus: Ms. advertising pages is up 36% opened in 2000. hen simon cooper, Lenox Hill Hospital Fuhrman is implementing since 2004. Construction of president of The Ritz- professional-development “Bonnie Fuller has a well- the $210 million Carlton Hotel Co., wants eventeen years ago, the project was one of W programs at a dozen honed sense of how to deal advice on his hotels, he turns to recruiter seeking to fill the top Harlem high schools. with celebrities, but her real Ellen Futter’s first Barbara Gallay. So do the heads of job at Lenox Hill Hospital feats after she S —tina traster success derives from the fact many other five-star hotels and didn’t think Gladys George, then the

W16 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 17 9/26/2007 1:35 PM Page 1

100 MOST INFLUENTIAL WOMEN Mary Gerzema MaryAnne Gilmartin Thelma Golden

general counsel and acting Chief Executive Nick Brien, boasts important projects so far in the new president, was qualified to hold the TOUGH AD of the time she threatened to lead a millennium. THE PRIZE post permanently.The hospital’s revolution against him because he That Forest City CEO Bruce directors thought differently. It EXEC WITH had been rude to colleagues during Ratner gave Ms. Gilmartin the job CURATOR turned out that they were right. a meeting in London. “Mary isn’t reveals her stature in real estate. Ms. George, known for her intimidated by figures of authority. With the Renzo passion for the job and VELVET GLOVE That’s one of the many great things Piano-designed OF HARLEM unassuming style, has steadied about her,” he says. New York Times Thelma Golden Lenox Hill during a tumultuous Mary Gerzema —tommy fernandez building, she era for hospitals. showed the field Studio Museum in Harlem She leads a giant institution: Universal McCann that it was possible he studio museum in 652-bed Lenox Hill treats 225,000 Julie Gilhart to do a speculative dvertising executive Harlem has long been a patients a year. project with a top- Mary Gerzema has a Barneys New York local landmark. Since Combined with tier architect. T reputation for being a fist in Thelma Golden took the helm, subsidiary A Page W16 Other developers a velvet glove. Early in her career, it’s become known worldwide. Manhattan Eye, are now following the accomplished, straight-shooting her lead. “Wherever you go in the art Ear and Throat Midwesterner planned on world, when you say ‘Thelma,’ Hospital, the Ms. Gilmartin, becoming a lawyer. She probably DEVELOPER 43, says the you don’t have to say organization has would have been a litigator. “I can’t ‘Golden,’ ” says Nancy revenues of paucity of female fake it. Everybody knows where I WITH KEEN developers made Lane, a Studio Museum $637 million. Though it sits in the am coming from,” trustee. “Thelma has shadow of three major academic it easier to carve “I’ve helped she says. create a new moved us to a truly global medical centers, it has been named STYLE SENSE out a space in her She has to be own style, which image for stage.” among the nation’s best hospitals tough. Ms. The 41-year-old star for heart care, orthopedics and includes an developers” Gerzema, 44, is MaryAnne Gilmartin artistic —MaryAnne curator joined the neurology and neurosurgery. president of the $6 million museum, For Ms. George, 61, the hard Forest City Ratner sensibility. She Gilmartin U.S. business of sits on the which presents work by work is far from over. She has Universal aryanne gilmartin, artists of African descent, in fought to keep Lenox Hill advisory board of McCann, a $6 billion media executive vice president of the New York 2000 and became independent at a time when many services enterprise. She manages the Forest City Ratner Cos., is its director two other hospitals have merged. The M City Ballet and is advertising purse strings of many of about to change Brooklyn forever. a member of the years ago. hospital has been struggling the world’s biggest corporations, She is spearheading the colossal The Queens financially, but its prospects are Architectural League including Johnson & Johnson, Sony Atlantic Yards project, a $4 billion of New York. native, who had improving. Ms. George, one of only and Microsoft. She makes decisions development that “I’ve helped create a wanted to work two women leading major New that ripple throughout the media includes an arena new image for in the arts since York City hospitals, says she has no industry—from choosing which designed by Frank developers,” she says. the sixth grade, thought of leaving. agencies handle which projects to Gehry, a 511-foot “Women have a place in got her big break when the “I love my hospital,” she says. deciding where ads get placed. tower and 6,400 this world, and they can be Whitney Museum of American Art “Having this job has been a Clients and colleagues love the residential units. It authentic here.” hired her as a curator in 1991. She privilege.” Minnesota native’s moxie. Her boss, ranks among the —elizabeth made headlines with a controversial —elizabeth macbride Universal McCann Worldwide city’s most macbride show, “Black Male,” and earned a

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October 1, 2007 | Crain’s New York Business | W17 CNYB 10-01-07 A 18 9/26/2007 3:41 PM Page 1

100 MOST INFLUENTIAL WOMEN Marian Goodman Stefani Greenfield Julie Greenwald Veronica Hackett Chung-Wha Hong S.Korea native fights for rights of immigrants

Chung-Wha Hong enforcement and mandating quick action by landlords to ensure that all New York Immigration Coalition violations are promptly addressed, a move that will help immigrant- and onths after low-income families living in homes she took over without hot water or heat. the New Those are just a few of Ms. York Immi- Hong’s victories in a 20-year career gration fighting for the rights of immi- Coalition grants.“I’ve never seen anyone in my two years life show such a strong commitment ago, Chung-Wha Hong organized and dedication for social justice,” Mthe largest immigration rally in New says S.J. Jung, president of the York City history, attracting more Young Korean American Service buck ennis than 300,000 people for a march on and Education Center. “She is the City Hall. hardest-working person on earth.” them to a staffer and said, “These moved to Boston, where they lived After years of lobbying for immi- Around the same time, the Stories of Ms. Hong’s tenac- must go out today.” in housing projects, and Ms. Hong gration reform, she is still smarting 41-year-old native of South ity are legendary. About 10 went on to graduate from the Uni- over the recent demise of federal leg- Korea helped win an influx years ago, when she was ex- Following parents’ work ethic versity of Pennsylvania. islation. But she is plotting the next of $700 million in state $2.1M ecutive director of the Na- ms. hong, who arrived in St. Louis Now that Ms. Hong, who lives in battle. “There were people who funds for local schools to ANNUAL BUDGET tional Korean American at age 11 with her family, is follow- Flushing, Queens, with her three thought that finally they would be help immigrant students of NY Immigration Service and Education ing the work ethic she saw her par- children,is established here,she feels able to come out of the shadows and who don’t speak English. Coalition Consortium, Ms. Hong ents exhibit. Her father and mother it is her responsibility to help new- live as Americans with equal rights, And this past summer, af- worked around the clock for worked multiple jobs as they built comers. The coalition is made up of and that was pretty devastating,” she ter intense lobbying from a coali- days until she finally collapsed lives in the United States.Ms.Hong 215 immigrant organizations.When says. “That’s why we’re going to pull tion put together by Ms.Hong,May- and was rushed to the hospital. As came to the country without know- Ms. Hong meets with government together a multisector coalition and or Michael Bloomberg enacted a law she was falling to the floor, she ing English and spent her after- officials, she always brings represen- create new momentum.” dramatically changing housing-code grabbed a stack of mailings, handed noons with a tutor. The family later tatives of these groups. —miriam kreinin souccar

reputation for presenting chal- German photographer Thomas label and co-owns 13 stores in nine tough-love approach in her lenging ideas. Struth, who had a 2003 cities worldwide. Sales figures for MUSIC EXEC management style. “She has an She serves on numerous retrospective at the Metropolitan her stores are impressive, ranging aggressive, cutting-edge approach international art prize committees Museum of Art. Ten years ago she from $1,000 to $2,500 per square LEADS WAY to A&R, marketing and promotion, and is a juror for nearly all of the opened a gallery in Paris. foot annually. She which encourages her staff to public art commissioned in New Ms. Goodman, who declines to appears on The constantly push the creative York City. She traipses the world in give her age, originally hoped to Today Show as a TO TECH AGE boundaries in developing our search of new artists to champion. “I land a curatorial job after earning a fashion expert and artists,” says Mr. Cohen. still have the same feeling I had as a master’s in art history from is collaborating Julie Greenwald —samantha marshall 15-year-old traveling the city by Columbia University, but found with the Home Atlantic Records myself going to exhibitions,” she those positions scarce for women at Shopping Net- says. “At that time I was so moved by that time. work usic maven Julie DEVELOPER the experience of artworks, and it Now she is one of the most on a show that will Greenwald has had her still happens, sometimes every day.” influential dealers in the world. “I feature Scoop’s labels Mgrind on ever since she TRANSFORMS —miriam kreinin souccar was on a mission to introduce these and star Ms. joined Def Jam Records as the wonderful European artists to the Greenfield as co- personal assistant to Lyor Cohen, United States,” she says. “I host. head of the hip-hop label at the LANDSCAPE ART DEALER conducted somewhat of a crusade Without fail, time. She flexed that eventually succeeded.” each trend that her work ethic Veronica Hackett —miriam kreinin souccar Ms. Greenfield and moved up to The Clarett Group HAS GLOBAL welcomes into “I was on a executive vice her stores mission to president of woman in an industry ROSTER TREND GURU develops into introduce what became dominated by men, and an the next wonderful Universal Aoutsider in a city where old- Marian Goodman FASHIONS fashion craze. European Music’s Island line families still call the shots, Marian Goodman Gallery She has an artists Def Jam Group before she Veronica Hackett, 62, has built one uncanny to the turned 30. of the most important development n the mid-1970s, Marian MINI-EMPIRE ability to United Today, as president of companies in New York City. Goodman was running an art identify Atlantic Records—under Warner The Clarett Group, which she printing business when she fell emerging States, Music Group, where Mr. Cohen co-founded eight years ago with the Stefani Greenfield which Iin love with the work of Belgian Scoop NYC trends—for is chief executive—she’s late Neil Klarfeld, is responsible for artist Marcel Broodthaers. She example, her eventually running one of the biggest nearly $2 billion worth of searched for a gallery to represent tefani greenfield’s early succeeded” record labels in the world. It’s development, including residential him in the United States—when no inspiration for Scoop NYC endorsement —Marian her job to lead Atlantic into towers in Fort Greene, Brooklyn, one would, Ms. Goodman opened Scame from friends who said of skinny Goodman the digital age by finding ways and in Harlem. one herself. things like, “I wish I could shop in jeans and to bring music to consumers The firm’s Since then, your closet.” When she opened her ballet flats. through technology—“and managing partner, Ms. Goodman, a first boutique downtown 11 years But she make kids pay for it,” she Ms. Hackett has New Yorker whose ago, she displayed her merchandise remains notes. expanded its father was a the way she organized her closet— humble. This is an experimental operations to collector, has used organizing items by color and trend “There’s no crystal phase for the industry, but Ms. Washington, D.C., her East 57th rather than by brand. ball,” she says. “You Greenwald isn’t afraid to fail. and to California. Street gallery to Scoop met with immediate follow your internal “Trying new things makes you She is currently at work on a 1 build a roster of superstar artists, success and has since evolved into a concept and hope it smarter, wiser and more powerful,” million-square-foot project in most of them Europeans. Her stable mini fashion empire that boasts its leads in the right she says. Hollywood that is the centerpiece of includes German painter Gerhard own brand and online sales direction.” Ms. Greenwald, 37, expects no a downtown revival. Richter, who recently had a show at operation. Ms. Greenfield, 40, heads —adrianne less from the 160 people who report Ms. Hackett, who shares equity the Museum of Modern Art, and the design team for Scoop’s private pasquarelli to her, taking an unabashedly in the business with most of her 47

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100 MOST INFLUENTIAL WOMEN Bonnie Hammer Dottie Herman Karen Brooks Hopkins

employees, is one of the Committee Elliman, one of the largest real and title firm. BAM president and her mentor, of 200, a nonprofit network of top estate brokerages in the metro area, She has adopted novel BAM HEAD eight years ago. Since then, annual women entrepreneurs who help with projected 2007 sales volume strategies gleaned from outside the attendance has tripled to 500,000, other women in business. She takes of $14 billion. city, such as maintaining a desk to DELIVERS and the budget has more than dou- a special interest in the unusual few “You can’t be afraid to fail,” get Internet queries answered in bled to $35 mil- with the nerve and vision to become claims Ms. real time. lion. She has built developers. Herman, 54. Always in demand as an MORE BANG an endowment of “With development, there’s this “People laughed inspirational speaker, Ms. Herman $60 million from physical ability to transform the in my face while I often mentions the sign in her Karen Brooks Hopkins nothing. landscape,” she says. “That’s was doing this.” office: “Success is just failure Brooklyn Academy of Music In fact, with amazing.” Ms. Herman, turned inside out.” programs like —elizabeth macbride who broke into —elizabeth macbride hen karen brooks the acclaimed the city by buying Hopkins came to the Next Wave Festival and Sundance Douglas Elliman soon after Sept. Brooklyn Academy of film-screening series—and edgy NAILING THE 11 had roiled the market, now Chung-Wha Hong MusicW as a development assistant in campaigns to market them—Ms. oversees an empire: 3,300 brokers New York Immigration Coalition 1979, the place was a tough sell to Hopkins’ success wooing young NETWORK and 1,000 staffers involved in the funders and patrons. No longer. audiences has been copied by major brokerage, a mortgage company, Page W18 Ms. Hopkins took over from Manhattan institutions like Lincoln CHIEF’S JOB property management operation Harvey Lichtenstein, longtime Center. Ms. Hopkins’ imprint also Bonnie Hammer USA Network and Sci Fi Channel onnie hammer fell into television. Back when she Bwas a photographer working on the set of a public television show, she was offered the job of production assistant to replace someone who had just been fired. She stepped right into the promotion. That’s been a major theme in Ms. Hammer’s career: embracing what comes her All Rights © Reserved. 2007 LLP. Dickstein Shapiro way.“I’m Experience comfortable taking risks, going places where other people won’t go,” says Ms. Hammer. “If someone tells me that something can’t be done, I just work harder.” As a programming executive at USA Network, she crafted its diversity prestigious “Erase the Hate” public service campaign. She was then assigned to help develop programming for the World Wrestling Federation. She initially hated the sport so much that she almost quit, but she decided to give the job a try. She made it work. Then in 2001, Barry Diller, #1 for Overall Diversity, head of USA Networks Inc., made Vault Top 100 Law Firms, 2008 edition Ms. Hammer head of the Sci Fi Channel, an underdeveloped property. He told her, “Do 2007 Best Law Firms for Women, something with this,” she says. She Working Mother magazine turned the channel from a genre wallflower into a ratings powerhouse. In 2004, she became Top 100 Law Firms for Diversity, president of USA as well. 2006 & 2007 MultiCultural Law magazine Now she’s turning the industry upside down. USA Network is the top-rated channel on cable, and Sci 2006 Minority Corporate Counsel Fi is rated No. 5. Together, they have won nine Emmys and a Association’s Thomas L. Sager Award, Peabody.The networks, now part Mid-Atlantic Region of the NBC Group, are available in more than 90 million homes. —tommy fernandez CHUTZPAH DICKSTEIN SHAPIRO LLP is committed to the advancement of women. The Firm is an industry leader in crafting cutting-edge solutions to issues of work-life balance, and as a result, attracts exceedingly talented women attorneys BUILDS and fosters an environment that is consistently employee- and family-friendly. In 2006, Dickstein Shapiro’s Chairman, Michael Nannes, received the Women’s Bar Association of the District of Columbia’s “Star of the Bar” award for his A NAME efforts to improve the professional lives of women attorneys by encouraging their development and retention. In Dottie Herman addition, the Firm’s Diversity/Pro Bono Counsel and all of its Chief Officers are women, as are the managing Prudential Douglas Elliman partners of its New York and Los Angeles offices. Dickstein Shapiro’s women partners and leadership continue to ottie herman personifies champion women’s issues in the legal marketplace through research, events, and media coverage. the conviction required to Dsucceed in New York’s residential real estate business. She started out as a broker on Long Island and built a company WASHINGTON, DC | NEW YORK | LOS ANGELES | DICKSTEINSHAPIRO.COM through a series of acquisitions that began in 1989. She is now chief executive of Prudential Douglas

October 1, 2007 | Crain’s New York Business | W19 CNYB 10-01-07 A 20 9/26/2007 4:45 PM Page 1

100 MOST INFLUENTIAL WOMEN Judith Jamison Andrea Jung Suri Kasirer Sallie Krawcheck Kay Krill Lobbyist knows how to navigate allies of power

Suri Kasirer just two other senior lobbyists on staff, Kasirer Consulting represents Kasirer Consulting the Israeli real estate firm that bought the Plaza Hotel; several our years ago, nonprofits, including Safe Hori- when Spanish firm zons and the American Cancer So- Cemusa walked in- ciety; and about 30 other clients. to New York City, Ask anyone about Ms. Kasirer, its prospects of 47, and they will tell you that she is winning a $1.3 bil- always beautifully groomed and al- lion city contract ways working. Even her lunches are

were, in the words of lobbyist Suri a well-orchestrated bit of network- buck ennis FKasirer, “very, very slim.” Its ing, eaten at a regular table at competitors were household City Hall restaurant. But his mock fury is tied to pride Her only brother and his wife 1998, newspapers wrote that she names. “She doesn’t shut off,” in the $3 million business his wife has have eight children, and both of used her husband’s connections to But Ms. Kasirer liked $44M says William Rapfogel, built in 11 years.“Suri takes her work them teach at a yeshiva school. Ms. lobby the Giuliani administration. Cemusa’s designs for bus AMOUNT that city head of the Metropolitan extremely seriously;she’s deeply com- Kasirer jokes that she is the black After a scandal about whether one shelters, newsstands and lobbyists grossed Council on Jewish Pover- mitted,” Mr.Teitelbaum says, noting sheep, although she is happily mar- of her clients received special park- public toilets, and she out- in 2006 ty. “She’s extraordinarily that she wakes up to jot down ideas. ried and gave birth to a daughter, ing privileges, the mayor barred his lined a winning path. ambitious,and she mixes that Sophia, last November. staff from doing business with her. “She can plan a strategy very with this burning commitment Thinking for herself Ms. Kasirer served as a special With her rise post-Giuliani, she quickly,” says Cemusa’s chief execu- to work and the causes she cares for.” the daughter of an orthodox rab- adviser to Gov. Mario Cuomo and has put the sniping behind her.“I’ve tive, Toulla Constantinou. “I trust Her husband has a different take bi, Ms. Kasirer grew up in Queens worked for Hillary Clinton’s 1992 been vindicated that it is not about her instincts.” on Ms. Kasirer’s drive.“It’s infuriat- and graduated from Yeshiva Uni- Senate campaign. any one particular relationship,” she Navigating New York is one of ing! Infuriating!” says Bruce Teitel- versity. She thought about becom- She is driven in part by the char- says. “It’s not about any one person the talents Ms. Kasirer brings to her baum, a lawyer and former chief of ing a lawyer, but her parents did not itable work of her nonprofit clients. putting an arm around my shoulder position as its top-grossing lobbyist, staff to Mayor Rudy Giuliani. “The expect her to become anything be- She also set out, years ago, to prove and saying, ‘Whatever you need.’ ” a title she captured in 2005. With BlackBerry is glued to her hand.” yond a wife and mother, she says. some powerful critics wrong. In —anne michaud

extends outside the arts world. She Her feat should come as no the top job in POWER 25 overcome a conflict-of-interest is the first cultural executive in surprise. Mr. Ailey handpicked her 1999. scandal. Now, with oversight of decades to become a New York state to run the company shortly before That year, the Citi’s 46,000 employees in global regent and is playing a leadership his death in 1989. company reported GEEK RISES wealth management, Ms. role in the revitalization of Since then, she has pulled Ailey revenue of Krawcheck is drawing on her Brooklyn’s Fort Greene out of the red and doubled its $5.3 billion. Since reputation and skills to wield neighborhood. budget to $24 million. She has led becoming chief TO THE TOP uncommon influence. The 55-year-old mother of a Ailey dancers to performances executive, Ms. —tom fredrickson college-age son says there is rarely a worldwide, set up dance camps Jung has grown Avon’s sales to Sallie Krawcheck moment when she isn’t working. around the country and established $9 billion by expanding the “BAM is not a job, but a crusade,” a joint bachelor’s program with company’s reach around the world, Citigroup Global Wealth she says. “Building it has been Fordham University. introducing Avon to a younger Management RETAIL EXEC my life.” Ms. Jamison, who grew up in generation of shoppers and —miriam kreinin souccar a close-knit, churchgoing family striking innovative alliances n high school, Sallie REACHES in , credits her faith such as the fragrance deal Krawcheck blossomed into a for her success. “That’s how I’ve Avon made last year with Isocially secure homecoming LOFT-Y GOAL gotten as far as I’ve gotten, Yankees shortstop Derek Jeter. queen and track star, but she never DANCER HAS because it sure isn’t all me,” she “She has made Avon forgot the earlier years she spent as a says. “Whatever gift God gives more relevant to the loner. Today, she draws on both sides Kay Krill “BAM STEPPED UP us is what we’re here to do.” women who sell it and of her personality as chief executive Ann Taylor Stores —miriam kreinin souccar is not the women who buy it,” of one of the world’s largest financial a job, but a says Connie Maneaty, operations: Citigroup Global Wealth t didn’t take long for Kay FOR AILEY crusade. an analyst at BMO Management, which oversees Krill to change the DNA of Ann Building Capital Markets who $1.4 trillion in client assets. Taylor Stores Corp. Within a POWER 25 it has been I Judith Jamison covers the The 42-year-old former year of signing on as vice president Alvin Ailey American Dance Theater my life” cosmetics securities analyst loves nothing of merchandising in 1994, she SHE FINDS —Karen industry.“It was better than poring over spreadsheets launched and began nurturing Loft, t’s been three years since the Brooks Hopkins always one of in the morning— a casual-apparel chain designed to opening of Alvin Ailey CALLING those brands in “I am a geek complement the company’s core IAmerican Dance Theater’s the back of your through and offering, Ann Taylor. Although Ann stunning new building on West mind, but now through,” she Taylor has experienced ups and 55th Street, but Judith Jamison still Andrea Jung it’s more says—then downs, Loft eventually outgrew its gasps in disbelief every time she Avon Products contem- trotting off to sister brand, and now the two lines walks in the door. porary.” wealth- generate a combined $2.4 billion in The 64-year- uring her 13 years Ms. Jung, a 48-year-old management annual sales. old artistic with Avon Products graduate of Princeton office visits in the afternoon and Industry director—a DInc., Andrea Jung has University, grew up in client functions at night. observers and legendary done nearly everything except Massachusetts as a daughter of “A successful businessperson has company insiders choreographer actually ringing customers’ immigrant parents and speaks to move seamlessly through both say the key to who was once one doorbells. She started with the fluent Mandarin Chinese. worlds,” Ms. Krawcheck says. Loft’s success was of the most cosmetics firm as a marketing —elisabeth butler But it was also her reputation Ms. Krill herself, famous dancers in executive and worked her way for integrity that prompted now chief the world—convinced her board of through various positions, with Citigroup Chief Executive Charles executive. She is known for her directors that Ailey needed its own responsibility for research and Suri Kasirer Prince to elevate her from CEO of remarkable merchandising savvy and home. She helped raise $75 million development, strategic planning and Smith Barney to chief financial hands-on management style, not to to build the facility, the largest one joint ventures. Kasirer Consulting officer in 2004, a position she held mention her lingering Southern in the nation used exclusively for The breadth of her See above until early this year. drawl. dance. experience helped Ms. Jung land Mr. Prince needed her help to Ms. Krill, a 52-year-old North

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100 MOST INFLUENTIAL WOMEN Evelyn Lauder Shelly Lazarus Bertha Lewis

Carolina native, studied psychology founder of the company, raised $18 POWER 25 commitment to her job that she the New York Association of and economics at Agnes Scott million to establish the Evelyn H. brings to her outside pursuits, like Community Organizations for College in Atlanta, but she learned Lauder Breast Center at Memorial hiking, biking and skiing. And she Reform Now, has logged thousands the apparel industry on the job. In Sloan-Kettering, which has become a MARKETING hires only people who approach of miles collecting signatures, 1977, she went through Macy’s worldwide model for coordinating advertising in the same way.“I walking picket lines and getting out executive training program before supportive services for breast cancer believe that people who are the vote. landing a job at Talbot’s in the patients. In the early 1990s, Ms. FIREBRAND passionate about Along the way, she has become 1980s. Ms. Krill also served in Lauder started the company’s pink- what they do the leader of a grassroots force that various management positions at ribbon campaign to Shelly Lazarus succeed,” she says. can make or break many a well- Hartmarx and Carroll Reed before spread awareness Ogilvy & Mather Worldwide “You need that crafted business deal. she got to Ann Taylor. about breast health. kind of passion in Ms. Lewis, 56, started down the “Kay’s depth of experience in the The Breast Cancer rom her perch the people around road almost 20 years ago, fighting industry, combined with her talent Research atop a sprawling you.” successfully for everything from for effectively shaping and building Foundation, Fmarketing network, Ms. Lazarus, squatters’ rights to a higher brands, have made both her and our which Ms. Shelly Lazarus preaches 59, acquired the passion when she minimum wage. In 1998, she company more successful over Lauder the religion of “360- joined Ogilvy, following a short helped found the union-allied time,” says Michele Patton, a Loft established in 1993 to address degree branding”— stint at Clairol immediately after Working Families Party. senior vice president and director of a lack of funding for “Once a projecting a single she earned her master’s degree from The WFP is as much a lobbying stores. research, has raised message Columbia Business School. She had group as it is the choice on a ballot —elisabeth butler $180 million. year, I’m throughout print, planned to stay just a few years at line; politicians of all stripes “Evelyn’s a popular television, radio the agency; instead, she built her routinely seek Ms. Lewis’ foundation brings girl. These and Internet career there. She has served as endorsement. COSMETICS together the are advertising chairman and chief executive for the “Once a year, scientists and people campaigns. “You past 10 years. I’m a popular girl,” clinicians, which is a that have to understand —tommy fernandez she says. “These EXEC HARDLY new way to make a otherwise every possible way are people that difference in the fight wouldn’t the brand interacts otherwise SKIN-DEEP against breast cancer,” says bother to with customers,” she A BELIEVER wouldn’t bother to Dr. Larry Norton, deputy spit on says. spit on me.” Evelyn Lauder physician in chief for breast me” Ms. Lazarus is FIGHTS THE Ms. Lewis has recently used her Estée Lauder cancer programs at the —Bertha chief executive of clout to help derail one Memorial Sloan-Kettering Lewis Ogilvy & Mather controversial development plan, very woman is frightened Cancer Center. Worldwide Inc., an GOOD FIGHT Starrett City, and assist another, about breast cancer,” says Ms. Lauder, 70, is singularly advertising Atlantic Yards. This past summer, Evelyn Lauder, senior focused on this battle. An avid conglomerate with Bertha Lewis she helped 60,000 child care Ecorporate vice president of The photographer, she has donated 10,000 employees in 377 New York Acorn providers win the right to unionize. Estée Lauder Cos. She is one of the $1 million in proceeds from offices across 97 Her vision extends beyond New most prominent New Yorkers published photo collections countries. Total billings last ertha lewis has a passion York: Ms. Lewis is helping groups raising funds to fight the disease. and gallery exhibitions to the year reached more than for left-wing politics, and in half a dozen states establish In 1989, she and her husband, foundation. $10 billion. She says that Bfeet that are not at all pretty. liberal third parties of their own. Leonard Lauder, son of the late —tina traster she brings the same Ms. Lewis, the executive director of —elizabeth macbride

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October 1, 2007 | Crain’s New York Business | W21 CNYB 10-01-07 A 22 9/26/2007 4:49 PM Page 1

100 MOST INFLUENTIAL WOMEN Pamela Liebman Anita Lo Susan Lyne Elizabeth McCann Mary Jane McCartney Restaurateur acts out longtime food obsession

Anita Lo York edition of the Michelin Guide. food and travel, instilling in Ms. Lo But Ms. Lo’s reach extends be- a passion for international cuisine. Annisa restaurant yond Annisa’s upscale patrons, many of whom wait a month for First in her class nita lo, 41, reservations. In 2005, she and busi- after majoring in french at Co- dressed in a beat- ness partner Kenny Lao opened lumbia University, Ms. Lo got a de- up T-shirt and Rickshaw Dumpling Bar, a fast- gree in cooking at the prestigious shorts, arrives at food dumpling restaurant on West Ritz-Escoffier school in France, her restaurant on 23rd Street. graduating first in her class. She a rickety bicycle The duo added a second location worked her way up the food chain at with a basket full on East Eighth Street last month. several well-known restaurants, of fresh fennel and rhubarb for the They plan to roll out another including Bouley and Chan- Aevening’s dinner. She barely stands six locations in the next two terelle. out on a tiny Greenwich Village years. Ms. Lo is also plan- Her creative juices flow street. ning to launch a 120-seat $400K the most at her house on The same can’t be said for her Asian barbecue restau- AMOUNT SPENT Long Island, where she by Ms. Lo to open her award-winning restaurant Annisa. rant on Bleecker Street restaurant Annisa catches fresh fish to go with The critical success of the 45-seat this fall. produce from her garden for eatery has made Ms. Lo one of the “I am trying to build an her own meals. most highly regarded chefs in the empire,” says Ms. Lo, who That is where she invents world. caused a stir among foodies when she the dishes that keep her patrons “Her food is phenomenal,” says defeated Mario Batali on Iron Chef in salivating. Dana Cowin, editor in chief of Food 2005. It was the first time a woman Ms.Lo says she knows that she is and Wine, which chose Ms. Lo as a beat a man on the American Food only as good as the last meal she has “best new chef ”in 2001.“She is tru- Network competition program. served any of her demanding cus- ly among the best chefs overall— Born in Birmingham, Mich., to tomers. “You don’t choose this in- anywhere.” Chinese immigrant parents, Ms. dustry; it chooses you,” she says. Annisa, which Ms. Lo opened Lo credits her upbringing as the in- “You have to be obsessed with it— seven years ago, is one of only two spiration for her career in the food you have to really want it and need it woman-owned restaurants to earn a business. in order to sustain it.” coveted star in the two-year-old New Her mom and stepfather loved —miriam kreinin souccar buck ennis

POWER 25 themselves and improve their were immigrants from Scotland but Anita Lo lifestyles in new ways,” Ms. Lyne everyone thinks I’m Irish, which A NATURAL Annisa restaurant says. makes me happy because no one BUILDING The executive, 56, is able to draw knows how shrewd the Scots are FOR GAS See above on a variety of professional with a dollar.” experiences. Steel and wit is how the diehard ON A LEGEND She was formerly managing New Yorker broke into the OPERATIONS editor of The Village Voice, the creator clubby theater world more than Pamela Liebman MANAGING and editor of Premiere Magazine, and 40 years ago and has stayed on top Mary Jane McCartney The Corcoran Group president of ABC Entertainment, ever since. Ms. McCann, 76, has Consolidated Edison MARTHA’S where she championed hit shows produced a dizzying array of hits, amela liebman says that Lost, Grey’s Anatomy and Desperate including The Elephant Man, ary jane mccartney conversation at dinner parties Housewives. Copenhagen and Who’s Afraid of delivers gas to 1.1 million inevitably lands on two topics MAKEOVER “I think at ABC, I was able to Virginia Woolf? She has homes and offices in New P steer programming toward ‘girl won eight Tony Awards of almost equally wide appeal: sex and M York City and Westchester. She real estate. “I’m not sure which is at Susan Lyne shows’—shows that women could along the way. Never doesn’t drive a truck: For the past the top of the list,” she says, but she Martha Stewart Living Omnimedia look upon as their own,” she says. one to shy away from 14 years, she has served as head of does know that she can comfortably —tommy fernandez edgy material, Ms. gas operations at Consolidated lead any discussion n 2005, when Martha Stewart, McCann has Edison Co. about real estate. fresh out of prison, spoke to produced all of It’s her job to assure that a Ms. Liebman, employees of Martha Stew- “You Edward Albee’s steady flow of natural gas makes I plays during 45, has been chief art Living Omnimedia Inc. while PRODUCER don’t choose its way here from as far away as executive of The the TV cameras rolled, Susan this the last 20 the Gulf of Mexico and Canada. Corcoran Group Lyne was the other woman on the COMMANDS industry; years. During her tenure, natural gas Inc. for seven stage. Today, while Ms. Stewart it chooses Ms. usage has increased 149.5% since years, succeeding remains the you” McCann’s 1993. legendary founder Barbara Corcoran. personification of BROADWAY —Anita Lo love affair “We really see On her watch, the residential the brand, Ms. with the gas as a factor in brokerage has grown from $2 billion Lyne is center Elizabeth McCann theater reducing New York in annual sales to a forecast stage in the Theater producer began at age City’s carbon $14 billion for 2007, expanded to executive suite. 16, when dioxide footprint,” Long Island and Palm Beach, and In the two ith her tough- her cousin she says. bought Citi Habitats, a firm and a half years talking demeanor, took her to Ms. McCart- specializing in rental units. that she’s served as chief executive, Broadway producer her first ney, 59, supervises a team of 1,000 W show. She Corcoran, with 2,500 employees Ms. Lyne has overseen an Elizabeth McCann sounds people who respond to emergency and brokers, is one of the city’s expansion of the lifestyle empire like a character in one of her started in the calls about gas leaks and build, repair largest residential brokerage firms built by Ms. Stewart, who remains award-winning plays. business as a ticket and inspect gas pipes. Her division and probably the best-known, with the company as a creative She peppers a con- taker, earned a law has shepherded innovative changes partly because the eloquent Ms. consultant but is barred from versation with wisecracks. degree from such as the introduction of robotic Liebman is so often the voice of the serving as an officer or director. Ms. “Getting Fordham, and was gas-pipe sealers to minimize industry. Lyne has signed more than a dozen ahead in managing director disturbances on New York City’s Inspired when a family friend major merchandising deals, business for the Nederlander streets. was diagnosed with leukemia, she including one for a massive line of means having family before going In a field dominated by men, has also become a rising health care products for Macy’s, and launched an ability to out on her own. Ms. McCartney commits herself to philanthropist, helping to run a additional publications, including compromise your Among the shows assisting female colleagues foundation and holding a seat on Blueprint. conscience, and you she produces: the Tony through brown-bag lunch programs the Leukemia & Lymphoma “Our focus has been to create get better at it the Awards. and by arranging special work Society board. new products and new businesses older you get,” she says. —miriam kreinin schedules for women returning from —elizabeth macbride that allow women to express Later, she expounds, “My parents souccar maternity leave. She is proud of the

W22 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 23 9/26/2007 4:52 PM Page 1

100 MOST INFLUENTIAL WOMEN Judy McGrath Heidi Miller Ann Moore

role she plays in the city. “If you fly and simpler processing for and Yale, Ms. Miller started her POWER 25 magazine publisher straight out of into New York and you see the customers. The 54-year-old “If career at Chemical Bank in Harvard Business School in 1978. lights,” says Ms. McCartney,“you executive has streamlined you 1979, later moving to Travelers She joined for love, not money. know that the work we’re doing is J.P.Morgan Chase’s fly Insurance. She became chief Time Inc.’s offer was the lowest of keeping the city going.” securities services into financial officer of Citi- MAGAZINES’ the dozen or so that she received, —adrianne pasquarelli business and New York group in 1998 when Citi- but Ms. Moore, introduced new and see the corp and Travelers merged. NO.1 FAN 57, was crazy POWER 25 products to lights, you Following top-level about magazines. treasury know our stints at Priceline.com Ann Moore Her passion services, work is and Marsh Inc., she Time Inc. paid off: By the CHANNELING while keeping was named CFO of late 1980s she was increasing the city Bank One; there, she or a groundbreaking founding publisher revenues, going” helped chief Jamie Dimon executive who has risen to of Sports Illustrated PASSIONS transaction accomplish a stunning for Kids. As president of People from —Mary Fthe top of her profession, volumes and turnaround. She assumed 1993 to 2001, she turned Time Jane Ann Moore hasn’t wandered far. Judy McGrath assets under her current position when The chairwoman and chief Inc.’s most profitable publication McCartney MTV Networks custody. Bank One and J.P.Morgan executive of Time Inc. since 2002— into the launching pad for Armed with Chase merged in 2004. and the first woman to head the juggernauts In Style and Real Simple. hen she was a child, degrees from Princeton —judith messina company—was hired by the No. 1 Those three titles have Judy McGrath wanted to W be a conductor. She did become a conductor of sorts—but her orchestra rocks. Ms. McGrath, 54, is the chief executive of MTV Networks Co., which operates 138 cable channels—including MTV, VH1, Nickelodeon, Comedy Central and Logo–and more than 270 Web sites. With 500 million viewers worldwide, MTV channels are so widely watched that imams in Islamic countries use them to run announcements alerting teens to come to prayer. Ms. McGrath joined the nascent MTV in 1981 as an on-air promotions writer and quickly rose through the ranks by adopting the company’s youthful, maverick tendencies. She still sneaks off at night to watch Beastie Boys concerts in Central Park. Her greatest professional pride stems from the extent to which MTV has established itself as a mainstream platform for political activism. By offering programming like Darfur Is Dying, Rock the Vote and the recent Presidential Forum held on Logo, Ms. McGrath’s networks provide a voice for kids yearning to change the world. “We serve superpassionate fans who are always reaching, always changing,” she says. “That’s at the heart of everything we do.” —tommy fernandez

POWER 25

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October 1, 2007 | Crain’s New York Business | W23 CNYB 10-01-07 A 24 9/26/2007 4:54 PM Page 1

100 MOST INFLUENTIAL WOMEN Liz Neumark Nancy Peretsman Lisa Phillips Vikki Pryor Executive unites catering, culture to hit the big time

year contract to cater events in the Liz Neumark storied ballroom of The Plaza when Great Performances the renovated hotel reopens early next year. n 1979, Liz Neumark was The Plaza deal is a joint venture a recent Barnard College with Delaware North Cos., a giant graduate trying to start a international food service con- career as a photographer. glomerate that is providing the fi- But she had a problem:She nancial muscle. The exclusive gig, was broke. So she hatched which will put Great Performances a plan to launch a catering at the center of high-society func- outfit that would support her and tions, is a source of great pride for Iother female artists. Ms. Neumark. Great Performances: Artists as “I grew up in Manhattan,” she Waitresses,which started out as a fi- says. “There are event spaces, and nancial safety net, has evolved then there’s The Plaza.” into the country’s fourth- The chief executive nearly

largest independent ca- walked away from it all three buck ennis tering firm. The business 6 years ago when her 6-year- NUMBER OF HOURS generated $35 million in Ms. Neumark spends old daughter,Sylvia,died of about agriculture and nutrition. duce—an arrangement that dove- introduced this month. sales last year. cooking for her family a brain aneurysm. tails with the caterer’s mission of us- “Liz is a marketing wizard,”says Great Performances on weekends After a great deal of soul- A lifeline ing locally grown food. No other Carl Sacks, director of consult- provides the food service for searching, Ms. Neumark de- “the farm is life-affirming,” catering business in the city has ing for Catersource, which pro- many of New York’s major cul- cided to remain active in the says Ms. Neumark, 51. “Food cre- branched out into farming. vides education and training to tural institutions, including the business and honor her daughter’s ates community, and the farm is a In addition, Ms. Neumark is food professionals.“She has done a Brooklyn Academy of Music, memory by starting The Sylvia Cen- wonderful extension of that.” launching a line of retail items superb job of taking the company Sotheby’s and Jazz at Lincoln Cen- ter, a nonprofit facility on a 35-acre Katchkie Farm, so called for from the upstate farm. The first, to a position that is unique in the ter. This year, Ms. Neumark scored farm she bought last year. The cen- Sylvia’s family nickname, provides Thunder Pickles, debuted last industry.” another coup when she signed a 25- ter teaches underprivileged children Great Performances with fresh pro- year; Katchkie Ketchup is being —lisa fickenscher

continued to bolster Time Inc. as just as the digital media age was leadership, the New Museum is America’s working class. competition from the Internet has Bridget O’Connor dawning. As a managing director of preparing to open a $50 million Before Ms. Pryor, 53, stepped taken a toll on stalwarts Time and Lehman Brothers the investment banking firm, she building on the Bowery in into the role of chief executive nine Fortune. has helped December. The facility, a huge step years ago, SBLI’s products were sold With some analysts calling Time Page W26 construct up from the museum’s former only in New York banks. She Inc. a drag on earnings and a poor fit countless marquee location in a SoHo storefront, is launched training programs for all within parent Time Warner, Ms. deals, including already the talk of the art world. the company’s employees, Moore’s focus now is on POWER 25 News Corp.’s Ms. Phillips has also increased the streamlined its offerings and kick- transforming the publisher into a successful $5.6 institution’s budget to $10 million started Web operations. Now the multiplatform content company billion bid for from $2 million, tripled its company’s with a host of profit-generating Web MARQUEE Dow Jones. “It’s endowment and helped create a products are sold sites. But she still finds time for her all about timing,” says Ms. board so desirable that it has a in 49 states first love. MEDIA DEALS Peretsman. “Sometimes it’s the waiting list. through banks, “I got to read four magazines on wrong time for a transaction and At the Whitney, Ms. Phillips Web sites and the way back from an out-of-town Nancy Peretsman you have to tell people that or, organized the first major museum walk-in customer meeting this morning,” Ms. Moore conversely, recognize that it’s the shows in New York for Julian centers, as well as says. “That’s my work. How lucky is Allen & Co. LLC right time.” Schnabel, Richard Prince and over the phone. that?” n the hypercompetitive —judith messina Cindy Sherman, putting those The company has nearly 400,000 —matthew flamm world of mergers and artists on the map. policyholders, $16.7 billion of acquisitions, Nancy Peretsman Despite her accomplishments, insurance in force and $1.5 billion I the 52-year-old native New in assets. is on everyone’s list of power MUSEUM Liz Neumark players. No wonder. Her track Yorker—whose secret passion is Ms. Pryor says she expanded the record has made her the go-to guru DIRECTOR meteorology—is restless. “I had a company’s presence in order to Great Performances for Barry Diller and other leading lot of recognition early on, but revitalize its connection to blue- See above media bosses. success is something else,” she says. collar clients, the core of its “She thinks like an owner,” says THINKS BIG “I keep raising the bar for that one customer base. “Our products are Herbert Allen, president of affiliate and re-evaluating what success vitally important for the average investment firm Allen & Co. Inc., Lisa Phillips means.” person,” she says. “We are always who has known Ms. Peretsman New Museum of Contemporary Art —miriam kreinin souccar focused on how these programs since she was in college and babysat reflect how these families live and for his kids. “She’s got a better ight years ago, Lisa work.” batting average of being right than Phillips was starting a new INSURING The executive’s other obsession anyone I’ve ever seen.” Ejob as director of the New is education. Five years ago, Ms. Ms. Peretsman, Museum while curating a huge BLUE-COLLAR Pryor—a former trial attorney with 53, had planned to exhibition of 20th-century the U.S. Treasury—established the “I got become a lawyer American art for Promise Prize, a law school to read after she graduated her former CONNECTION academic award, in memory of her magazines on from Princeton employer, the grandmother. the way back University, but she Whitney Vikki Pryor Business colleagues say that her from a became disenchanted with Museum—and SBLI USA Mutual Life Insurance low-key personality belies her meeting. That’s that idea and headed to the while pregnant resolve. “Never mistake her my job. How lucky Yale School of Management with twins. When ikki pryor has quietly and quietness for a lack of strong is that?” instead. She spent a dozen years her doctor patiently remade SBLI USA feelings,” says Robert Catell of Ms. —Ann Moore at Salomon Brothers, where she ordered her to go on bed rest, Ms. VMutual Life Insurance Co. Pryor, who served on his board led the media investment banking Phillips rolled a couch into her Once a New York-centric niche when he was chief executive of group. office and kept working. player, SBLI is now a leading KeySpan Corp. She joined Allen & Co. in 1995, It’s no wonder that under her financial services provider for —tommy fernandez

W24 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 25 9/26/2007 4:57 PM Page 1

100 MOST INFLUENTIAL WOMEN Jennifer Raab Emily Rafferty Abbe Raven Rachael Ray

Ms. Raab, 51, married to Daily Today, 58-year-old Ms. Rafferty— was a lot of skepticism about what A SCHOOL News columnist Michael Goodwin, the first woman to run the Met’s MOVING we were doing.” came to Hunter after seven years at day-to-day operations—oversees In 2005, Ms. Raven was named the city Landmarks Preservation 2,000 employees, a $190 million PAST ABC’S chief executive of A&E Television FINDS ITS Commission as an appointee of annual operating budget and an Networks—a $1 billion enterprise Mayor Rudy Giuliani. The former $80 million merchandising that operates seven RESTORER practicing attorney served as issues business. She is close to wrapping OF CABLE channels available director in Mr. Giuliani’s 1989 up a $1 billion capital campaign. to 300 million Jennifer Raab mayoral campaign. Ms. Rafferty’s influence Abbe Raven viewers. She also “Often, the key to success is to extends well beyond the Met. remains active in Hunter College change the culture,” she says. She has A&E Television Networks education: The —tina traster men- 54-year-old hen jennifer raab took tored “At elevision Queens native over as president of dozens first, these executives recently served as principal for a day WHunter College in 2001, of mu- shows were a Tturned up their at her old high school, Andrew the City University of New York MET LIFER’S seum profes- little different. noses at shows Jackson, in Cambria Heights, and had just scrapped its decades-long sionals who have There was about offbeat she leads a kind of class discussion open admissions policy.The ugly EMPLOYEES gone on to careers topics like drug each week with small groups of her public fight over the change left the a lot of interventions all over the country. skepticism employees. “Good ideas come from morale of Hunter students and Even now, she says, her and ancient everywhere,” she says. faculty in tatters. TOP PRIORITY about what Roman sewers—until employees are her top we were —tommy fernandez “Departments had been shut priority.“The thing I Abbe Raven proved down, and it was hard to attract Emily Rafferty doing” that such infotainment worry about the most is —Abbe Raven faculty,” she says. Metropolitan Museum of Art the health and well-being content was The story is different now. Ms. of the staff,” says Ms. programming gold. FOOD MAVEN mily rafferty is a Met Raab has made the school Rafferty, who grew Ms. Raven, a former lifer. She began her career in competitive in the faculty market by up blocks from the teacher, has devoted her HAS TASTE 1975 at the Metropolitan raising $25 million in private E Met. “Our people are 23-year television career Museum of Art as a 25-year-old donations for what make this place to tapping viewers’ assistant in the development office. FOR SUCCESS improved come alive.” appetite for shows that She worked her way up to run the facilities, as well as —miriam kreinin other networks deemed Met’s national and international for professional souccar boring or weird. She was Rachael Ray training programs fundraising oper- part of the creative team Cooking entrepreneur and scholarships. ations, where she POWER 25 that launched The History The college, raised hundreds of Channel in 1995 and y now, everyone in the which has an millions of dollars Carol Raphael resuscitated the flagging A&E country knows Rachael Ray. annual budget of $170 million and and added Network in 2004 by debuting BThe Queen of Quick started 21,000 students, is also mining its thousands of Visiting Nurse Service nontraditional fare such as Dog a sensation in 1998 when she alumni for donations. Additionally, members. the Bounty Hunter, Growing Up published her first cookbook, 30- faculty members have received Then, three of New York Gotti and Intervention. “At the Minute Meals. The book evolved $39 million in research grants in years ago, she was named president, Page W28 time, these shows were a little into a Food Network show of the recent years. the No. 2 position at the museum. different,” Ms. Raven says. “There same name, which won an Emmy

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October 1, 2007 | Crain’s New York Business | W25 CNYB 10-01-07 A 26 9/26/2007 4:59 PM Page 1

100 MOST INFLUENTIAL WOMEN Bridget O’Connor Jacqueline Reses Sylvia Rhone Julie Richardson Janet Robinson Tinkerer-turned-technocrat creates competitive edge

Bridget O’Connor petitive advantage,” Ms. O’Connor thing to be always available, always remarks. resilient,” she says. Lehman Brothers Under her leadership, Lehman A computer science major, created LehmanLive, a Web portal Ms. O’Connor, 43, earned an asso- ridget o’connor, that delivers the company’s products ciate degree from Middlesex nicknamed Gadget and services—from trading to em- County College in New Jersey. by her family, spent ployee benefits processing—to She intended to get a bachelor’s her high school clients and employees. degree by going to school part- years taking apart LehmanLive proved crucial fol- time, but she was diverted from her car and tinker- lowing the Sept. 11 terrorist at- that goal by two challenging ing with early ver- tacks. Ms. O’Connor, then chief jobs—the first at an e-commerce sions of the personal computer. technology officer, was among company and the next with B“I like creating things, fixing 750 Lehman employees AT&T Bell Labs. She things and understanding how who escaped from their joined Lehman in 1991; things work,” she says. “I had every offices at 1 World Trade 6,000 in 2002, she was named gadget known to man.” Center. But the firm was NUMBER of employees CIO. That tinkerer’s talent helped Ms. shut out of its headquar- and consultants Ms. Among her other O’Connor manages O’Connor become a major player ters at the World Financial worldwide talents, according to her in Wall Street technology. As chief Center, the site of its pri- boss, Lehman President Joe information officer and global head mary data center and 2,700 di- Gregory, is the gift of com- of business continuity at Lehman rect lines to clients. munication. Brothers, she is responsible for the “In a complex world where end hardware and software that power Back up and running users and technologists rarely speak the firm’s business around the although 5,500 employees were the same language, she’s incredibly world. forced to work from home offices, adept at bridging both,” he says. Her greatest challenge is ensur- hotel rooms or borrowed space And she’s still acting like Gad- ing that the firm’s technology serves around the city, LehmanLive al- get. She recently hooked up her its bottom line. lowed the firm to resume critical BlackBerry to the GPS and tracking “It’s about bringing the possibil- functions within days. device in her teenage son’s car. She ities of technology to the table, Ms. O’Connor continues to live gets an alert when he goes outside about engineering a relationship and breathe the lessons of that cata- the boundaries or exceeds the between the business guy and the strophic time. limits she’s set for him. technology guy to achieve a com- “It’s about engineering every- —judith messina buck ennis

Award in 2006. She has since But her desire to do something diversity in action at a company that de facto telecom person,” she says. cooked up a mini-empire. PRIVATE entrepreneurial was irrepressible. I’ve ever seen.” Now, she is doing the Ms. Richardson continued to “I think She left Goldman, eventually going same thing as president of Universal sharpen her credentials. She left people like EQUITY to head a Motown Records, where she Merrill Lynch in 1998 for J.P. anything that’s technology manages a staff of 200. Morgan, where she eventually accessible, that startup. In 2001, Ms. Rhone—born and raised in became chair of the telecom group they can look at PERSONALITY she joined Apax— Harlem—has been recognized and a banker to heavyweights like and say, ‘Hey, I a leading private throughout her career for her ability AOL Time Warner and Verizon. could see Jacqueline Reses equity firm, with to spot and nurture great artists. Her She was J.P.Morgan’s lead banker myself more than $20 roster at Motown fuses legends like for in that company’s doing that,’ ” she says. billion under Stevie Wonder with new stars $72 billion hostile takeover of Ms. Ray hosts the s the head of the U.S. management—and a year later, she India.Arie, Erykah AT&T’s broadband business. Food Network’s Tasty media group at Apax founded its U.S. media group. Badu and Lil’ Former colleague Robert Kindler, Travels and a syndicated Partners, Jacqueline Reses is —judith messina Wayne. The 55- who worked with her on that deal, television talk show, A year-old Ms. says she was one of the best bankers one of the few women in the Rachael Ray, carried by upper reaches of the private Rhone, a Wharton in the business. 194 stations and equity world. Earlier this A&R EXPERT graduate, holds “She’s clearly the reaching 4.3 million “My job is year, she led the Apax team dozens of career smartest person in people every day. about that won one of the most awards and has the room,” says Mr. Her cookbooks—12 competitive private equity BREAKS taken the lead in a series of Kindler, now vice in all—take turns engineering a community causes, ranging from chairman of relationship deals of recent years: the appearing on The $7.8 billion acquisition of BARRIERS rebuilding burned churches to Morgan Stanley. New York Times between the Thomson Learning, the supporting the Alvin Ailey Ms. Richardson, bestseller list, and business second-largest Sylvia Rhone American Dance Theater. 44, now heads the New York office her magazine, guy and the educational publisher in —samantha marshall of buyout firm Providence Equity Every Day With technology the country. Universal Motown Records Partners. In 2005, she led a Prov- Rachael Ray, has guy” Ms. Reses has been hen sylvia rhone was idence team in the $11.3 billion 1.3 million readers. —Bridget applying her business named chairman of FROM BRAINY buyout of software maker SunGard. Ms. Ray has also O’Connor instincts from way Atlantic’s Elektra “Twenty years into it,” she says, “I started a nonprofit, back. When she was 8 EntertainmentW Group in 1994, the BANKER TO still love what I do every day.” the aptly named years old, she veteran music executive achieved —judith messina Yum-o, to accompanied her father on two industry milestones: She encourage BUYOUT BOSS sales trips and late-night became the first woman and the first POWER 25 healthier eating deliveries for his African-American to be tapped to habits in medical supply business. run a major label. Julie Richardson children. As president of her high Ms. Rhone has been breaking Providence Equity Partners In spite of her school class, she invested the ground for years. At Elektra, she GRAY LADY’S full plate, Ms. Ray, class’s money in a money market guided the delicate merger of here weren’t a lot of tele- 39, remains as cool account. At the University of Elektra, East West and Sire Records communications deals being WEB POWER as the cucumber she uses Pennsylvania’s Wharton School, she and fashioned one of Warner Music done when Julie Richardson in her spicy no-bake T majored in entrepreneurial Group’s most competitive labels. She cut her teeth in investment banking at Janet Robinson beans. management and marketing. also mentored young female and Merrill Lynch 20 years ago. But the The New York Times Co. “If I only have one “Entrepreneurialism is in my blood,” minority executives, prompting ones she did prepared her for the front day off every 20 days, it’s says 37-year-old Ms. Reses. Time Warner Chairman Dick lines when giant telecom transactions anet sees where the media OK,” she says. “I know Her first job after Wharton was Parsons to comment, “The Elektra started to pop in the 1990s. business is going,” says Janet how to cram a lot in.” at Goldman Sachs, where she Entertainment Group was one of “I was 27 and had done a couple JRobinson’s boss, Arthur —adrianne pasquarelli worked in mergers and acquisitions. the most actualized examples of of deals and suddenly, I became a Sulzberger Jr., publisher of The

W26 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 27 9/26/2007 5:02 PM Page 1

100 MOST INFLUENTIAL WOMEN Judith Rodin Rossana Rosado Jane Rosenthal Daryl Roth

New York Times. “She knows how to and a $50 million commitment produced 22 movies. Patricia Harris, who has worked listen to people who weren’t translate all we do in print for a with the Bill and Melinda Gates Perhaps Ms. Rosenthal’s most with Ms. Rosenthal since the first encouraging.” digital audience.” Foundation to enhance crop important contribution to the city, festival, says, “Anytime the city It has been nearly 20 years since Ms. Robinson, 57, worked her production in Africa. The however, came in the wake of the needs her help, she is always ready the 63-year-old producer put on her way up through the ranks over a scattershot approach, in which she Sept. 11 attacks. She and Mr. De to lend a hand.” first show and fulfilled a lifelong quarter of a century with the paper. says the foundation dispersed Niro, along with Ms. Rosenthal’s —adrianne pasquarelli dream. Now a major force on and Chief executive of The New York money through “too many small, husband, real estate financier Craig off Broadway, the New Jersey native Times Co. since 2005, she unrelated grants,” has been Hatkoff, launched the Tribeca Film has a reputation for finding high- spearheaded the acquisition of jettisoned. Festival to help revive downtown. PRODUCER quality work and supporting About.com and Dr. Rodin, 63, developed her “As filmmakers, the only thing emerging talent. A few years ago, other Internet bottom-line leadership style during we knew how to Ms. Roth started properties. Digital her 10 years as president of the do was to screen THRIVES ON-, an annual theater revenues have University of Pennsylvania, where pictures,” says Ms. fund, allowing grown to 10% she returned a money-losing Rosenthal, 50. OFFSTAGE investors to put from 4% of the medical center to profitability. The first their money into total since 2004, “Grant-making today must be festival, in 2002, Daryl Roth whatever projects and The Times’ conditioned on performance,” she attracted 150,000 Daryl Roth Productions she chooses for the Web site has more unique visitors says. visitors. The event season. They trust than any other newspaper’s, —tina traster has grown into an annual aryl roth has produced her to make the calls. according to Nielsen//NetRatings. celebration of worldwide film and five Pulitzer Prize-winning Her influence is felt offstage, as These are challenging times to culture that most recently brought plays, including Wit and well. In 1996, she bought a former preside over a traditional media A KNOWING in 500,000 people for screenings, DProof. She has received two Tony bank building on Union Square and company adapting to a digital concerts, family events and panel Awards and countless nominations. turned it into a theater. The Daryl environment—and perhaps no discussions. When fellow producers have a hot Roth Theatre has been a major operation is under more scrutiny VOICE FOR “We are everybody’s festival,” project, they call Ms. Roth first, catalyst in making the than The Times. Ms. Robinson led a says Ms. Rosenthal. “You don’t just teaming up with her on hits like The neighborhood a destination. $200 million cost reduction that LATINOS have to be in the movie industry to Year of Magical Thinking and Curtains. —miriam kreinin soucar included consolidating printing come to TriBeCa.” Ms. Roth, a former interior plants, trimming paper size and Rossana Rosado In addition to her dealings designer who is married to real cutting staff. downtown, Ms. Rosenthal is active estate magnate Steven Roth, Faiza Saeed “I’m focused on running the El Diario La Prensa in Democratic Party politics as a achieved her clout through tenacity. company for the benefit of he publisher of El Diario fundraiser—she’s backing Sen. “I had no fear of failing,” she says. “I Cravath Swaine & Moore shareholders and making sure we La Prensa since 1999, Rossana Hillary Clinton for the 2008 still remember feeling I had to just Page W30 transition to the digital age as Rosado is one of the most presidential race. Top mayoral aide keep looking forward and refuse to quickly and effectively as possible.” T prominent voices for Latino New Rupert Murdoch’s acquisition of Yorkers. She has steered the ship The Wall Street Journal—the nation’s through a stormy time. During her other great national paper—makes tenure, the daily newspaper has her task even more urgent. been sold and resold, most recently —tina traster to ImpreMedia Co., which earlier this year also scooped up rival CHARITY’S Spanish-language paper Hoy New BOTTOM-LINE York from the Tribune Co. “Other ENFORCER newspapers have made the mistake of becoming Judith Rodin disconnected from their readers,” The Rockefeller Foundation says John Paton, ImpreMedia’s chief executive. “Rossana has an s president of The intense local focus.” Rockefeller Foundation, Ms. Rosado, 46, started at AJudith Rodin controls a the paper as a reporter and later $3.7 billion endowment that became its editor. El Diario GETTING BAD RESUMES dispensed $147.5 million last year now generates annual revenue for urban and agricultural of $22 million, and national redevelopment in 34 countries. But advertising sales have risen 28% FROM THE OTHER GUYS? writing checks is not the only way in three years. The paper has a she makes her presence felt. circulation of 50,000 and reaches “There’s more to charitable more than 295,000 readers. (There’s a use for them after all.) giving than giving,” says Both those measures have Dr. Rodin, who has grown over the past two years as shaken up the 94-year- many newspapers watched old institution since readership decline. she took the helm two Her access to government years ago. “We’re officials, nonprofits and looking for community groups has given Ms. Rosado leverage “to represent a “Grant- community that hasn’t had making influence and power,” she must be says. conditioned on Her newfound clout— Get the quality New York candidates you really want from CareerBuilder.com. performance” and that of her readers—is —Judith Rodin likely to only keep growing. —tina traster CareerBuilder.com not only results in 20 times more applicants than comparable

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October 1, 2007 | Crain’s New York Business | W27 CNYB 10-01-07 A 28 9/26/2007 5:06 PM Page 1

100 MOST INFLUENTIAL WOMEN Carol Raphael Diane Schueneman Kimora Lee Simmons Darcy Stacom Tara Stacom Health care policy pro works on the front lines

POWER 25 principal, is the first non-nurse to orous performance measurements head 114-year-old VNSNY. Af- and accountability standards,and she Carol Raphael ter getting her master’s degree in has set up a research division to test Visiting Nurse Service of New York public policy, the Brooklyn native new approaches to health care. Last worked for Mayor , head- year, VNSNY opened a hospice. It fter graduating ing the city’s $1.4 billion Med- also operates a long-term-care from Harvard Uni- icaid program and other programs HMO, one of the first in the nation. versity’s John F. such as home health care and public Thanks to Ms. Raphael’s suc- Kennedy School assistance. cesses at VNSNY, she is in demand of Government, Her intense time in City Hall among policy-makers. She has been Carol Raphael was formative. a member of MedPAC, which ad- could have moved “It’s very easy to be divert- vises Congress on Medicare into a career as a health care policy ed by putting out another policy, and now serves on an Awonk.But she didn’t want to be a re- fire or trying to address an- Institute ofMedicine work- former on the sidelines. She wanted other crisis,”she says.“But 31,000 force committee. She was to go “eyeball to eyeball” with the you can’t take your eye off NEW YORKERS recently elected chair of served daily by Visiting people she served. what you want to endure: Nurse Service of NY the New York eHealth She’s been on the front lines ever building the infrastructure Collaborative, which aims since. Today, as chief executive of and capacity of an organiza- to increase the use of tech- the Visiting Nurse Service of New tion that will outlast you.” nology and information-sharing York,she oversees more than 12,000 across health care organizations. employees and a budget of nearly Sound and sophisticated Ms. Raphael now spends much $1 billion. During her 15 years at ms. raphael has made VNSNY a of her time positioning VNSNY the helm, VNSNY has become the model of sound fiscal management for a future in which demand for nation’s largest nonprofit home and technological sophistication. home health care and other services health care organization. Using a system patterned after that for aging baby boomers is expected “She’s been able, year after year, used by FedEx,VNSNY nurses car- to soar. to look into the future and come ry mobile computers for entering “We have to be careful that we up with the right direction for patient data. Soon they will be able grow in a way that provides care in a VNSNY,” says former board Chair to use the devices to communicate quality way—that we’re not expand- Carl Pforzheimer III. and exchange data with patients’ ing at the expense of things that Ms. Raphael, 65, who was for- physicians. matter,” she says. merly a public school teacher and The CEO has also instituted rig- —judith messina buck ennis

business, you have to be agile and the go,” declares Ms. Simmons, who sales in 2006 alone. She continues to furniture,” she OUT IN FRONT recognize a changing trend early says she sleeps four hours a night. break ground by expanding her recalls. on,” she says. She is also melding her business 15-member team’s practice to the Ms. Stacom AT BROKER’S —judith messina pursuits with her advocacy for other boroughs. was Cushman’s animal rights. Her involvement in civic life No. 1 producer in “I’m trying to make my clothing increases along with her status. Ms. 2004—the first BACK OFFICE line 100% fur-free,” she says. “I’m Stacom serves on the board of one of woman to achieve HIGH STEPS almost there.” the city’s largest hospital systems, that spot—and Diane Schueneman —tina traster Continuum Health Partners, and continues to be a top broker at the Merrill Lynch OF A FASHION played a role in efforts to lower real firm, which did $9 billion worth of estate taxes and create incentives for deals in iane schueneman started companies to move downtown. Manhattan last at Merrill Lynch & Co. in FABULON A RECORD- —elizabeth macbride year. As a Dpreautomation days, member of the working at night as a billing clerk Kimora Lee Simmons SETTER,ON company’s while she was still in high school. It Baby Phat board of was an inglorious beginning for PRO directors, someone who now, as head of global ver a decade, this 32-year- HER TERMS “We she had infrastructure solutions, runs the old former supermodel and PUTS IT have to be a hand back office of the nation’s biggest hip-hop style icon has Darcy Stacom careful to in the brokerage. She manages services, Oturned herself into a one-woman CB Richard Ellis grow in operations, technology and fashion powerhouse. ON LINE a way that information security for the firm, In 2004, Kimora Lee Simmons ive years ago, Darcy Stacom provides which has net revenues of and estranged husband Russell left Cushman & Wakefield Tara Stacom quality $35 billion. Simmons sold their company, Baby FInc., where her father and Cushman & Wakefield care” Ms. Schueneman, 55, is one of a Phat Fashions, to apparel giant older sister are top real estate —Carol recent handful of women Kellwood Co. for $140 million. Ms. brokers, for its biggest competitor. he elder of two sisters in a Raphael decision to in top technology Simmons is now creative director of “I wanted the opportunity to prove family of influential real estate sell a jobs on Wall Baby Phat by Kimora Lee Simmons myself,” says Ms. Stacom, vice chair Tbrokers, Tara Stacom, vice majority Street. Her rise at (part of Baby Phat Fashions) and of CB Richard Ellis Group. chair at Cushman & Wakefield Inc., stake to the Merrill began in controls the And prove herself she has, in has brokered leases for millions of IFIL 1971 when, licenses for many spades. Late last year, Ms. Stacom, square feet of space. Group of lacking the money of its products— who specializes in commercial deals, Over a 20-year career, she has Italy. to finish college, licenses that brokered the record-breaking worked with some of the city’s most Ms she parlayed her early jobs there into generated $750 $5.4 billion sale of Stuyvesant Town important companies, including Stacom, a position in fixed-income sales. million in retail and Peter Cooper Colgate-Palmolive Co., J.&W. 49, is Over the next 33 years, she headed sales last year. Village to Tishman Seligman & Co. and the Bank of deeply numerous businesses. She has a Speyer Properties. New York. She also works on the involved in She oversaw a $1 billion overhaul SoHo boutique and several other It was the latest landlord side, managing the leasing Girls Inc., a of brokers’ workstations, a watershed stores internationally, and recently in a string of of 10 million square feet. New York-based accomplishment that experts say has launched the KLS line. successes. Known Within two weeks after Sept. 11, nonprofit that given Merrill a several-year Ms. Simmons’ book, Fabulosity: as an innovator in Ms. Stacom had tapped her aims to give girls advantage over its competitors. What It Is and How to Get It, was structuring knowledge and store of goodwill to nationwide the In 2004, she won her current job. released in August. And her reality transactions, Ms. find temporary offices for 4,000 confidence to take The continuing challenge, she says, TV show, Life in the Fab Lane,is Stacom, 47, was the top broker Bank of New York employees. on challenges. is keeping up with change. now airing on the E! network. “I’m worldwide for CB Richard Ellis in “I gave my handshake —elizabeth “If you’re going to be in our the example for young women on 2005 and 2006, with $11 billion in personally for a warehouse full of macbride

W28 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 29 9/26/2007 5:39 PM Page 1

100 MOST INFLUENTIAL WOMEN Marilyn Jordan Taylor Mary Ann Tighe Doreen Toben Diane von Furstenberg Laura walker Lisa Weber Randi Weingarten Susan Whiting Anna Wintour

POWER 25 clients, the New York Academy of children, Tatiana and Alexandre, time in her office. She’s usually out 1.4 million-member American Sciences, was the first company to and her second husband, media in the field, meeting with managers, Federation of Teachers and is ready sign a lease at 7 World Trade mogul Barry Diller. financial advisers and support to assume broader LOW-PROFILE Center. “You always need someone Ms. von Furstenberg, who was staffers. She watches how they responsibility to believe first,” she says. Often, that named president of the Council of work, listens to what makes them there, saying, “I person has been Ms. Tighe. Fashion Designers of America last frustrated and encourages them to would accept the CITY SHAPER —elizabeth macbride year, was on the offer suggestions about how she can role of president of cover of Newsweek make their jobs easier. the AFT if asked.” Marilyn Jordan Taylor POWER 25 at age 28 and later The executive One of the Skidmore Owings & Merrill helped pioneer TV learned the value city’s most shopping of human powerful union forces, Ms. rchitect marilyn jordan channels. resources while Weingarten serves as vice president Taylor is the main force be- CFO DIALS Success is not serving as of the New York City Central Labor Ahind Columbia University’s about fame, MetLife’s chief Council and head of the Municipal ambitious Manhattanville develop- FOR DOLLARS though, she says. “You have to have administrative Labor Committee. ment, the East River Waterfront an honest product.” officer from 2001 —tina traster master plan and the new interna- Doreen Toben —tina traster to 2004. “Anyone can copy a tional arrivals terminal at John F. Verizon Communications product or service. No one can Kennedy airport. For someone who copy the power of your people,” MAVEN is shaping the landscape of New oreen toben has some RADIO CHIEF Ms. Weber points out. “Always be York, Ms.Taylor keeps a low profile. advice for young women out there: That’s my managerial “I’m not really interested in being hankering for big jobs. style.” OF MEDIA a ‘starchitect,’ ” says Ms.Taylor, part- D RESCUES “Stop thinking it’s because you’re a All that sweat and all those ner and head of the urban design woman that something hasn’t miles have translated into major MEASURING and planning practice at Skidmore happened to you,” she says. “You STATION boons for MetLife. Annual Owings & Merrill. “My hope is to have to be a risk-taker; you have to operating earnings for the Susan Whiting be an effective advocate for making do tough jobs and produce results.” Laura Walker company’s retail business— Nielsen Media Research the city a better The 57-year-old chief financial WNYC Radio including individual, auto and home place for officer of Verizon Communications policies—have reached roughly usan whiting helped make everyone.” Inc. follows her own advice every aura walker rescued $2 billion, up 50% since Ms. Weber a media Ms. Taylor, day. She regularly awakens at 3 a.m. WNYC Radio.Twelve years became president three years ago. powerhouse. As a young who grew up in to work out and read analysts’ She has aggressively increased her S ago, the municipal-owned innovator at Nielsen Media Montezuma, Iowa reports. Last year, she structured L division’s third-party business and station was suffering from neglect Research Inc. in the 1980s, she (pop. 1,432), has Verizon’s $8.5 billion acquisition of and the city was ready to unload it to overseen the integration of two big helped created the rating systems achieved that goal MCI, and under her leadership, the highest bidder. Ms. Walker, 49, acquisitions. that allowed sponsors to track cable for clients Verizon has reduced its debt and came aboard as chief executive and Now she is setting her sights on viewers and consequently gain the worldwide since joining SOM pumped money into the key areas of helped raise $20 million and the ultimate long-distance race: the confidence they needed to spend nearly 40 years ago. In 2005, she was wireless broadband and fiber. She establish a foundation to buy the courting of America’s exploding billions of dollars on advertising. appointed chair of the Urban Land now spends much of her time on station. retiree market. It was a labor of love for Ms. Institute, the first woman and the strategy, helping to position the She has since transformed the —tommy fernandez Whiting, who joined Nielsen right first architect to head the company in a telecom sector roiled operation: The audience of the AM out of college 29 years ago. “We prestigious research organization. by new entrants and new and FM station has risen 43% and is POWER 25 were basically running with ideas as The 60-year-old’s passion for technologies. the largest for any public radio soon as we developed them,” she her profession has made an impact Ms. Toben’s introduction to the outlet in the country. WNYC Radio says. “We were helping a whole at home, too: Her son is going to telecom business is doubling the size of its newsroom TEACHERS’ industry build itself.” architecture school, and her came in 1972, and moving out of its famously That industry turned on her in daughter has an urban studies when, as a college dilapidated quarters at 1 Centre St. 2005, when degree. But despite Ms. Taylor’s graduate looking to a new facility in FAVORITE Nielsen’s new love for cities, when she really wants for a job in a tough Hudson Square. It digital meters to relax, she heads to her log cabin market, she found produces national Randi Weingarten reported ratings in New Hampshire. a position in shows such as On United Federation of Teachers for some channels —miriam kreinin souccar AT&T’s treasury the Media and is that were lower department. From there, she moved ramping up its he president of the United than previous POWER 25 to Bell Atlantic, a Verizon programming Federation of Teachers measurements. predecessor, where she once efforts by Tcommands an army of Media executives lobbied pol- managed the crews that dug ditches partnering with Public Radio 160,000 active and retired New York iticians to intervene, and Ms. AT THE HEAD and manned switches. International to create a morning City teachers and other education Whiting had to testify in support Later, as controller and CFO, news program this fall aimed at professionals.To get what she wants, of the new systems at two she played a key role in a series of younger listeners. Randi Weingarten uses a tireless congressional hearings. She OF A GIANT mergers that led to the formation of Under Ms. Walker, WNYC advocacy, loud voice and deft eventually won the war and gained Verizon in 2000. She was named has developed a distinctive voice skill for crafting political allies. Mary Ann Tighe CFO in 2002. in a noisy media marketplace. partnerships with city In January, 51-year-old Ms. —judith messina “We’re doing something which officials. Whiting was named chair of CB Richard Ellis New York is thirsting for,” she Since 2002, the Nielsen Media Research and ary ann tighe, 59, is in says. “And we’re doing it in a UFT has raised salaries executive vice president of charge of one of New York DYNASTY way that fits with the for union- The Nielsen Co., its Dutch City’s largest commercial lifestyles of New Yorkers.” “I’m represented parent. These market M employees real estate services operations. —adrianne research companies are ESTABLISHED not really by 43%. She was a star broker for Insignia/ pasquarelli interested active in more than 100 ESG before she became local chief “We must countries, with over ON A DRESS in being a continue to executive of CB Richard Ellis ‘starchitect’ ” 38,000 employees. They Group five years ago, just months debate how collect data on every PEOPLE —Marilyn before the two firms merged, and Diane von Furstenberg to bring television show in the Jordan ended up running both. Ms. Tighe Diane von Furstenberg Studio teachers the United States and more recruited other stars while firing POWER: Taylor respect they than 70% of global Inter- laggards, and revamped the einvention is the name of deserve,” she net activity, and they track says. combined firm to emphasize the game in fashion, and IT PAYS “When I box-office grosses for more teamwork and mentoring. Diane von Furstenberg has While than 50,000 movie screens. R Lisa Weber trying to gain licensed CB Richard Ellis’ tristate opera- made a career of it. After selling her my brand, I —tommy tion has more than 1,000 employees first company and moving to Paris MetLife greater fernandez and completed $36.8 billion worth in 1985, she stopped designing stewardship lost control. The brand lost its of sale and lease transactions in 2006. clothes and founded a French- isa weber runs an of schools POWER 25 Ms. Tighe, who has a background language publishing house. average of 43 miles a for educators point of view” in arts and entertainment and was a She rebooted in 1997, launching week on the streets and parents, —Diane von Furstenberg TV executive at ABC before getting her new company and reintroducing Lof New York—starting at Ms. Wein- STYLE’S into real estate, is altering the her signature wrap dress for a new 3:45 nearly every morning garten con- cityscape. Her deal-making brought generation of fans. The Studio, before work—and she tinues to Condé Nast to Times Square and which forecasts revenue of $200 mil participates in two lobby for fair wages ARBITER the New York Times Co. to its new lion for 2007, sells to boutiques and marathons a year. She and better conditions for building on specialty stores in 57 countries. shows the same stamina teachers. “Our salaries were Anna Wintour Eighth Avenue. “When I licensed my brand, I as president of MetLife not competitive with those Vogue A leader in re- lost control,” says Ms. von Inc.’s retail business, in the suburbs,” she says. populating down- Furstenberg, 60. “The brand lost its which has $18 billion in Before taking the helm, Ms. he feared and town, CB Richard point of view.” Today, she sells a sales and 20,000 Weingarten, 49, spent 12 years as revered editor in chief Ellis filled giant complete collection of women’s employees. a lead contract negotiator for Tof the world’s leading 55 Water St., and sportswear, handbags and shoes. Ms. Weber, 44, UFT.She is also vice fashion magazine, Anna one of Ms. Tighe’s Her business partners are her spends little president of the Wintour, has used her

October 1, 2007 | Crain’s New York Business | W29 CNYB 10-01-07 A 30 9/26/2007 5:42 PM Page 1

100 MOST INFLUENTIAL WOMEN Faiza Saeed Deborah Wright Kathryn Wylde Nina Zagat Unflappable attorney has M&A in her DNA Faiza Saeed to become about you,” she says. looking for any problems that could “Whether someone on the other cause the resulting businesses to Cravath Swaine & Moore side is irritating or pleasant is irrele- crater. She finished her education at vant. You have to find a way to work Harvard Law School. aiza saeed, one of with everyone.” Her gifts make her an invaluable 12 female partners Ms. Saeed—now in her ninth corporate adviser, says Katherine at law firm Cravath year as a partner at Cravath, a firm Kendrick, corporate counsel for Swaine & Moore, with 400-plus lawyers—adds that it DreamWorks Animation.Ms.Saeed has helped hammer pays to appreciate the fact that cor- has played an instrumental role in out some of the porate negotiations are rife with every transaction the company has most significant twists and turns. done over the past decade, Ms. mergers and acquisitions of the past “There is so much compli- Kendrick says. Fdecade. cated give-and-take in any Jeffrey Katzenberg, chief Ms. Saeed, 42, was lead counsel deal,” she notes. “It’s like executive of DreamWorks for in the three-way, $46 making goulash.” $165B Animation, says Ms. billion transaction with VALUE of Time Saeed’s contribution to his Creating clout Warner/AOL merger, and Canal+ Group that gave birth to in which Ms. Saeed business goes well beyond Vivendi Universal. Ditto for the ms. saeed’s intellectual represented TW providing legal counsel. $12.5 billion merger between Lycos background also helps ex- “She is a strategic partner and Terra Networks. She also han- plain how she has gained such whose input is sought before we dled the $4.1 billion initial public clout so early in her career. She make many of the critical business offering of entertainment goliath studied molecular biology at decisions impacting our company,” DreamWorks. the University of California, Berke- he says. One of the keys to Ms. Saeed’s ley and dreamed of unraveling the When not constructing mega- success is her understated style of secrets of the human genome. The deals, Ms. Saeed is busy counseling deal-making. Navigating a merger mental training she received in these foreign leaders through the World or acquisition may traumatize her academic studies now help her han- Economic Forum. The Geneva- clients; she has seen people yell and dle mergers in the media sector. based group brings together aca- pound tables,and she has gotten her “Technology is such a big driver demics, politicians and other ex- share of panicked late-night calls. in this industry,” she says. perts to tackle the thorny issues of Ms. Saeed stands out by remaining While at UC Berkeley, she also global poverty. Last year, the group calm and unruffled. majored in economics, which has named her a “young global leader.” “You don’t ever want the deal proved valuable as she vets deals, —tommy fernandez buck ennis

authority to turn the title into a “Landscapes are good for the Born in North Ms. Wylde is also a civic leader ina zagat has always loved product line. Condé Nast has added soul,” she says. Carolina, Ms. who assisted in the city’s recovery restaurants, but she’s never Teen Vogue, Men’s Vogue, and Vogue —tina traster Wright settled in after Sept. 11 and helped Mayor Nbeen very fond of food- Living. The family of magazines New York City Michael Bloomberg gain control establishment critics and their generated $500 million in adver- after attending over the public schools. At 61, she outsize influence. tising revenue in 2006, according to CEO RIGHTS business and law works for the city’s future by She and her husband, Tim, Publishers school at Harvard championing the mayor’s sustain- started Zagat Survey nearly 30 Information A BANK ON University. ability programs, years ago, in the belief that their Bureau, and the She went to work for the including his plan wine-club friends could review September 2007 partnership, where she led the to alleviate traffic eateries as well as anyone. Zagat issue of Vogue,at THE BRINK marketing of its first project congestion. Survey has since brought power to 840 pages, was promoting affordable-home An expert in the people in the world of dining the largest Deborah Wright ownership: Towers on the Park in housing and and leisure. consumer Carver Bancorp Harlem. She later served as economic devel- Ms. Zagat, who was a practicing monthly ever. commissioner of housing opment policy, attorney when the company was “Vogue is a powerful n 1999, Deborah preservation and development under Ms. Wylde has given the partner- launched, brand, but we need to “We Wright became Mayor Rudy Giuliani and then as ship—made up of 200 chief execu- mimeographed make sure we don’t thought Ichief executive of the head of the Upper Manhattan tives—a wide reach. “We redefined surveys and dilute it,” says Ms. regular an institution on the Empowerment Zone. ourselves as a credible source of collected reviews Wintour, 55, people were verge of blowing up. When she joined Carver, she information and support for the by hand, often whose signature savvy enough Carver Federal saved the institution with swift city’s broader interests,” she says. working through dark glasses and to decide what Savings Bank, a action, closing unprofitable The New York City Investment the night. She also blunt bob have subsidiary of Carver branches and recruiting talented Fund, the organization’s economic reviewed hundreds they liked Bancorp Inc., had established a all by managers. And Ms. Wright, 49, is arm, has raised more than of restaurants herself. public persona of written off millions of not finished. “We have to be bigger,” $100 million for such projects as the “We really believed in the elusive iciness. The themselves” dollars in bad loans and she says. “There’s a certain scale and East River Science Park’s biotech idea,” Ms. Zagat says. “We were magazine has legs, she —Nina Zagat was the target of a level of innovation that’s required of center. It also maintains a $2 million confident that regular people were says, because “we don’t hostile takeover bid. small guys to beat the big guys at fund for loans to nonprofit arts and savvy enough to decide what they talk down to readers, and With the support of their game.” cultural groups. liked and didn’t like all by we haven’t given in to the city’s business —judith messina “Kathy has both the knowledge themselves.” tabloid journalism.” leaders, Ms. Wright was and the drive to get things done,” Their labor of love has paid off. The British-born editor able to weather the proxy says Time Warner CEO Richard Zagat Survey employs 120 people in held a series of jobs at battle, and she began a TAKING CARE Parsons. “That’s not easy in New New York and is growing Harpers & Queen, Harper’s turnaround. Since then, York City.” aggressively. Zagat.com, launched in Bazaar, British Vogue, New Carver has nearly doubled OF THE CITY’S —tina traster 1999, allows users to access reviews York and Home & Garden its assets and has become of more than 30,000 restaurants, before taking the top spot profitable. hotels, nightclubs and other at Vogue in 1988. Ms. “She has turned it into the BUSINESS attractions in 104 countries. Ms. Wintour, who has raised most successful African- LETTING Zagat brainstorms and tests ideas, more than $12 million American-owned banking Kathryn Wylde while her husband and co-chair for AIDS research and institution in the country,” says Partnership for New York City EVERYBODY serves as front man and more than $31 million Kathryn Wylde, president of administrator. Not a day goes by for the Metropolitan the Partnership for New York s chief executive of the BE A CRITIC without leisure-loving people Museum of Art’s City, a network of local Partnership for New York thanking 65-year-old Ms. Zagat Costume Institute, finds business leaders. “But for ACity, Kathryn Wylde is one Nina Zagat personally for the chance to be refuge in her Long Island Debbie Wright, Carver of the city’s most powerful advocates heard. garden. would have disappeared.” for business. Zagat Survey —tommy fernandez

W30 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 A 31 9/26/2007 5:11 PM Page 1

100 MOST INFLUENTIAL WOMEN getty images Women take alternative paths to get to the top

omen make up only 14.7% of the direc- and Lehman Brothers, women hold high-powered positions. tors of Fortune 500 companies. At this But only Andrea Jung heads a rate, Catalyst, the organization that an- Fortune 500 company. One fac- alyzes barriers to full participation by tor, beyond men’s comfort level with other males, surely must be women in our economic life,says that “it the demands of family life for willW take women 73 years to reach parity with men in the women with children. boardrooms.” The figure is only slightly higher for officers Most working mothers face in the nation’s largest companies. problems at some point in ar- ranging child care, finding I take great pride in the accomplishments of the 100 enough time for their children, women Crain’s is highlighting in this issue.The stark truth, coping with fatigue and the de- however, is that few women get to the upper reaches of big mands of their employers. For corporations. Most women have faced issues their male those with career aspirations, the problems are compounded. Young, early-career couples and Knowledge counterparts have not. I think the Magazines, also have sales back- single moms are often unable to same is true for their working-age grounds. afford or house 24-hour, live-in daughters. We have a long way to Others among the Crain’s 100 caregivers. go.We won’t get there without ac- women eschewed corporate life Advocacy organizations have is power. knowledging reality: The rungs and are entrepreneurs or run non- long argued for corporations to on the corporate ladder are still profit organizations. Entrepre- maximize their investment in slippery for many neurs such as Marian managerial-level women through women. Goodman, Elizabeth measures such as flexible hours,job Crain’s offers a series of Breakfast Consider how McCann, Veronica sharing and reasonable parental Forums throughout the year that many of the women Hackett and Stefani leave. Corporate acceptance has on the list have cho- Greenfield charted been mixed.And womenwho avail will enlighten and empower you. sen alternative routes their own courses and themselves of family-friendly to success, beginning trusted their fate to policies often find their upward Log on to newyorkbusiness.com with sales and sales the judgment of the progress thwarted. Women who management. marketplace. It ap- step off their career tracks during and click on Events for a list of Once allowed to proved. child-bearing years frequently upcoming Forums. sell, women could Nonprofit organi- find it difficult to get back on. show their stuff be- zations have long Life in upper management is cause the numbers ALAIR been more hospitable grueling.Neither government nor spoke for themselves. TOWNSEND to women in the exec- corporations can require that men No qualitative assess- utive suite. That’s share equally in family responsi- ments were necessary. provided an avenue bilities. Corporations are unlikely The crack in the door was all that for the notable accomplishments to reduce their demands on top was needed for real estate world- of people such as Pamela Brier, managers. beaters such as Faith Hope Con- Ellen Futter, Jennifer Raab and As the tidal wave of baby solo, Dottie Herman, Pamela Thelma Golden. boomers begins to retire, top tal- Liebman, Mary Ann Tighe and Admittedly, some of the city’s ent will grow even scarcer. I hope CRAIN’S BREAKFAST FORUMS Darcy and Tara Stacom. Janet largest companies have promoted changing demographics will in- THE MOST TRUSTED NAME IN NEW YORK BUSINESS® Robinson, chief executive of The women. At MetLife, Citigroup, ject new urgency into efforts to tap New York Times Co., and Cath- J.P. Morgan Chase, Verizon, women’s full potential. Seventy- leen Black, president of Hearst Morgan Stanley, Merrill Lynch three years is too long to wait. I

October 1, 2007 | Crain’s New York Business | W31 Project4 9/26/07 12:30 PM Page 1

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www.cushmanwakefield.com CNYB 10-01-07 regular book 17 9/27/2007 8:01 PM Page 1

Ad sales firm first in line to mine online radio market

2003 and recently topped $10 mil- More than half of those listeners Ronning Lipset grows lion in revenues. The independent are going to the pure-play online ra- in expanding world operation expects to double its per- dio sites that Ronning Lipset repre- sonnel to 10 in the coming months. sents, with the rest visiting the Web of streaming music; The firm’s two executives have sites of terrestrial players, such as discounts royalty fuss experience in both terrestrial ra- Clear Channel and CBS Radio. dio—they met while working at ad Ad revenues for Internet radio— sales firm Interep—and online. Mr. including Web site ads—will grow BY MATTHEW FLAMM Lipset was director of sales at AOL by about 40% this year and next, Music and Mr. Ronning was an ex- reaching $228 million in 2008, J.P. the dispute over higher royalty ecutive director at Yahoo when they Morgan says. With sales for terres- rates that boiled over this summer decided to start their own business. trial radio flat at about $20 billion

between webcasters and perform- The gamble worked out. for the past three years,online has be- buck ennis ance-rights organization Sound “Every sign points to this mar- come the industry’s one growth area. THE EXTRATERRESTRIALS: Andy Lipset (left) and Eric Ronning are benefiting from listeners’ Exchange continues to simmer. But ketplace taking off right now,” says “To some degree, we’ve moved growing taste for the pure-play Internet radio sites that Ronning Lipset represents. the founding duo behind Ronning Mr. Lipset. “We can see from who’s all of our clients slowly into that Lipset Radio, an advertising sales coming on board with us.” space,” says Chris Fontana, group firm that has bet its future on Inter- director of audio activation at Me- The pure plays were also hit hard- net radio operators have, the more net radio, remains unfazed. Backed by the big boys diaVest. “We’re following the con- er by the royalty rate hike,which took they can charge for their ads. Managing partners Eric Ron- in recent months, heavyweights sumers, and to them, it’s just radio.” effect earlier this year: They stream AOL and other large players, ning and Andy Lipset say there is including Wal-Mart,Kraft and Proc- While the marketplace is taking more songs than the terrestrials’ on- such as Yahoo Launchcast, are cur- too much at stake in this surging ter & Gamble have begun streaming off,the Internet radio business is still line stations, which fill airtime with rently negotiating with Sound Ex- business for the parties not to settle ads on the likes of ’90s Indie on in its infancy. Online sales contrib- their DJs’ talk and commercials. change for lower royalty rates. the dispute. AOL Radio, and Radio Enigma on ute around 1% to 5% of revenues for Ronning Lipset executives think a Their company’s rapid growth Live365.com—two services in the terrestrial operators, and the pure- Costs vs. benefits compromise will come,and there will testifies to the fact that, at the least, Ronning Lipset radio network. play services that compete with them, aol radio Managing Director Lisa be enough ad dollars to go around. online radio is making headway with The advertisers are following the like AOL, are still finding their way. Namerow says the giant webcaster “Advertisers have been through listeners and advertisers. Ronning listeners: The number of unique “Is there any sort of large revenue has cut back on marketing efforts this before,”says Mr.Ronning.“Ca- Lipset,which links marketers with a monthly visitors to Internet radio number for the pure plays? No,”says because the more listeners it has,the ble TV changed the world—and network of online stations, has been sites has quadrupled in the past two John Blackledge, a media analyst at more the company has to pay. A more money came in to television.” growing at an average rate of 60% to years, to some 65 million, comScore J.P. Morgan. “They’re figuring out Sound Exchange spokesman re- 70% a year since its founding in Media Metrix and J.P.Morgan say. ways to monetize [their user base].” sponds that the more listeners Inter- COMMENTS? [email protected] The MostUnique Space In Manhattan Never Before Available at 1501 Broadway

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October 1, 2007 | Crain’s New York Business | 49 CNYB 10-01-07 regular book 18 9/27/2007 6:19 PM Page 1

NEIGHBORHOOD JOURNAL Bronx brownfields to get revamp Project targets into viable commercial space. The vice president of economic develop- determined. move is being driven by the sharp ment.“And we’re finding it harder to “By the end of MYRTLE defunct gas stations; uptick in small- and medium-sized find space for all these companies.” 2007, we will have AVENUE will be businesses looking to take advan- To help answer that need, freed up sites that made more rising B’klyn strip tage of the cheaper rents and good SoBRO plans to buy the defunct gas have been frozen in inviting for highway access in the Bronx. Many stations,which occupy more than an time,”says Mr.Par- pedestrians. set for a face-lift of those firms have been driven out acre of what is currently designated iser. The acquisi- of gentrifying areas in Brooklyn and as brownfields, and clean up the tions will not be the first for SoBRO, ed from earlier industrial use. In the he south bronx Over- Queens. land. Two are on Bruckner Boule- which successfully bought and 1.5-square-mile Hunts Point area all Economic Develop- “Every week we’re getting calls vard, and the third is on East 138th cleaned up two other brownfield alone, there are more than 104 po- ment Corp. is planning from businesses that want to move Street.The acquisitions are expected sites in the area in 2003 and in 2005. tential brownfield sites,according to to turn three of the area’s into Port Morris and Hunts Point,” to cost between $8 million and $10 The South Bronx has plenty of a recent survey by the Bronx Over- abandoned gas stations says Neil Pariser, SoBRO’s senior million.Cleanup costs have yet to be space, but much of it is contaminat- all Economic Development Corp. T “It’s gotten to the point where some of the only options left for de- velopment are brownfields,” says Christina Ficicchia, BOEDC’s eco- nomic and environmental planner. Mr. Pariser has already begun working with the owners of the three properties to begin the inves- tigation and permit process. —hilary potkewitz Myrtle Avenue redevelopment by any measure, Myrtle Avenue in Clinton Hill, Brooklyn, has come a long way in recent years. Rents have soared, condominiums are sprout- ing, five restaurants have opened in the last two months alone, and re- cent zoning changes are expected to spur even more development. Now, local advocates and city of- ficials are hoping to consolidate those gains by giving four sections of the strip a face-lift.The effort began two years ago when the Myrtle Avenue Brooklyn Partnership, which con- sists of a business improvement dis- trict and local development corpora- tion, teamed up with Pratt Institute to find ways to make the strip more inviting for pedestrians. Last week, the partnership met with city trans- portation and small business officials to move the plans forward. “We have a very receptive admin- istration for these types of improve- ments,” says Michael Blaise Backer, executive director of the partnership. “We want to move quickly.” The partnership hired the non- profit Project for Public Spaces to solicit community input and craft different designs. One proposal gaining favor is the removal of some or all of a service road and the instal- lation of a pedestrian plaza in front of Pratt’s planned 150,000-square- foot academic building, which will include ground-floor storefronts. “There isn’t any public space on the avenue to have markets, con- certs, anything,” says Mr. Backer. Another priority is renovating a key four-block stretch between Hall Street and Emerson Place, where the street layout is a poster child for failed 1960s urban renewal. The sidewalk beside the stores—includ- ing the avenue’s anchor supermar- ket, an Associated—is a mere nine feet wide. “There’s very little room on the sidewalk,and there’s not a good flow in that area,” says Doug Bowen, a real estate broker, landlord and eight-year resident of Clinton Hill. —erik engquist

50 | Crain’s New York Business | October 1, 2007 SSM-167_Tomb_Crainsr 9/10/07 4:38 PM Page 1

Great deals.

Beacon Capital Partners 2007 $6.35 billion 14.7 million sf Office properties Broadway Callahan Partners Capital Partners 2007 2007 $4.78 billion $750 million 9.6 million sf Over 2 million sf Office properties Office portfolio DCD Group/ Equity One Witkoff 2007 2007 Valuation of £280 million-plus retail properties 186,000 sf throughout Devonshire Building Gale the U.S. in London International Mack-Cali 2005-2007 2007 $25-$30 billion $273 million Master Plan development of Songdo City, 524,500 sf South Korea. Largest privately Office space in New York’s financed RE development in Korean Financial District history Metropolitan Quadra Real Estate Investors Realty Trust, Inc. 2007 2007 $1 billion $250 million equity 3 million sf SL Mortgage REIT IPO Office properties Green Realty 2007 $6 billion Acquisition of Reckson Associates Realty Corp. 9.2 million sf Office buildings Amazing clients. We’re pleased to share our clients’ recent accomplishments valued at over $50 billion– and our leading role in helping to execute these outstanding deals. As an international firm dedicated 24/7 to real estate and finance, SMG’s horizons keep expanding. From New York to LA to London to Songdo City, we’re amazed at how far our clients have taken us.

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SMALL BUSINESS

AT A GLANCE ACCIÓN/UMEZ Microlending gets big lift in Harlem LOAN PROGRAM

AVERAGE AMOUNT $9,000 Manhattan Empowerment Zone, a crolender—lenders that make loans Fund expects to lend $1 million; effort largely publicly funded nonprofit. of up to $50,000—has lent more INTEREST RATE 6.99% to unites Acción NY and empowerment zone than $700,000 from the UMEZ 10.99% (depending on strength To the rescue fund and forecasts a year-end total of application) perience in the industry and the within a week, the Wynns had a of $1 million. TERM Six months to five years BY DIANE HESS confidence that they could make it $15,000 Acción loan, which they “We refer people to Acción who on their own. All they needed was used to lease 975 square feet on [will someday be] approved by a FOR MORE INFORMATION hen bernice and some seed money. Lenox Avenue and to build inven- bank but aren’t there yet,” says Car- www.accionnewyork.org Dejuan Wynn de- When several banks rejected tory. A $3,000 loan in April helped men Diaz, executive director of the cided to open an their loan application, the Wynns buy a lens-finishing machine. Audubon Partnership, a nonprofit eye-care business turned to Acción New York, which “It was always a dream to have development corporation serving these people wouldn’t get anything.” in Harlem late last January established a $5.5 mil- our own place,” Ms. Wynn says. Washington Heights and Inwood. Acción’s 12 loan officers look be- lastW year, they brought 12 years’ ex- lion microloan fund with the Upper Acción, the nation’s largest mi- “If this kind of service didn’t exist, yond credit scores to things like commitment to paying down debt. The approval process typically in- cludes at least one on-site visit or face-to-face interview and takes five to 10 business days. Borrowers are also eligible for one-on-one training sessions on how to run a business. “Our objective is economic devel- opment through small business de- velopment,” says Jennifer Spaziano, Acción’s vice president of business You provide development. Borrowers include seasoned en- trepreneurs like Milka Luciano, a fi nancial reports. native of Puerto Rico and owner of Abuelas Cocinas, a rice-and-beans takeout eatery with two locations. Buying some time in april, Ms. Luciano received $20,000 through the Acción/ UMEZ program to buy equipment for her newest store, in East Harlem. Getting loans from Acción is old hat for Ms. Luciano. She landed her first six years ago, after she fell into debt when construction on her shop in Yorkville was delayed. Turned down by the bank, she heard about Acción and secured a $15,000 credit. “One of their employees came to my restaurant, looked at my books and agreed to get me the money,” says Ms. Luciano, adding that the loan let her cover the rent while the store was being finished. We provide The two spots now serve a total of 450 patrons and gross $2,000 a day. A few blocks away,Wynn Optics direct reports. has done about $100,000 in sales since opening its doors in January. “Owning a business has been We deliver the skilled candidates you need – fi nancial better for our family,” Ms. Wynn Recognized as one of the 400 professionals who are matched to your job requirements. says. “It’s something that’s yours; No fi rm has a network as far-reaching as Robert Half Best Big Companies in America by you feel better about yourself.” Finance & Accounting, with immediate access to over Forbes magazine for the sixth year. 2 million fi nancial professionals. And no fi rm is more COMMENTS? [email protected] skilled at putting experienced people at your fi ngertips, quickly and cost-effectively. Think of us as your direct GOOD MODEL line for direct reports. THE PROGRAM that Acción New York has established with the Upper Manhattan Empowerment Zone—funders include Banco Midtown, NY • Wall Street, NY • Uniondale, NY • Hauppauge, NY • White Plains, NY • Stamford, CT Popular, J.P. Morgan Chase and Jersey City, NJ • Paramus, NJ • Parsippany, NJ • Woodbridge, NJ • Princeton, NJ • Mt. Laurel, NJ TD Bank USA—is something that the group would like to replicate. “Our goal is to find low-cost sources of capital to increase our 1.800.474.4253 capacity to lend,” says VP roberthalf.com Jennifer. Spaziano, who adds that keeping small business owners from using loan sharks is always a challenge. On its own, Acción lent $11 million to small business owners in the metropolitan area last year. © 2007 Robert Half Finance & Accounting. An Equal Opportunity Employer. 0807-2005

52 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 21 9/27/2007 2:05 PM Page 1

REAL ESTATE DEALS

“They came to Airline spreading its wings at JFK us,” says Jerry Mor- ganstern, an attor- ney with Hofheim- ciates. The asking rent was $40 per Wooster St., between Prince and ments at its West 15th Street er Gartlir & Gross, North American square foot. Spring streets. showroom.High-end stores who negotiated the to combine offices, —elisabeth butler cordova The shop, which will carry such as Bergdorf Goodman deal on behalf of women’s and men’s clothes and and Barneys New York also building owner 120 warehouse; arrival TSE’s new line of handbags, is ten- carry TSE’s cashmere appar- Wooster. “SoHo in garment district TSE opening tatively scheduled to open in Febru- el. One of its light-gray, seems to be the up- ary. It will be the first downtown knee-length cardigans cur- and-coming area store in SoHo 120 Wooster St. orth american Air- Manhattan store for TSE, which rently sells for about $1,200 for all sorts of lines will touch down tse, which specializes in cashmere operated a store at 827 Madison at Saks Fifth Avenue. retailers.” in around 50,000 clothing, plans to open a store in Ave. until last year. The asking rent was about $238 Laura Pomerantz, a principal at square feet of space SoHo in time for the spring season. Since the uptown shop closed, per square foot for the ground floor, PBS Realty Advisors, represented later this year at Build- The company recently signed a 10- TSE has been selling its goods to cus- and the space comes with a 2,000- the tenant. Ning 141 at John F. Kennedy International year lease for 2,500 square feet at 120 tomers through private appoint- square-foot basement for storage. —elisabeth butler cordova Airport. The new location allows the air- line to combine its offices and ware- house at one site and provides room for expansion, says a spokesman for Global Aero Logistics Inc., which owns North American. The airline currently has 30,000 square feet at the airport, but its offices and ware- house are at different locations. North American is moving into a third of the first floor, where rents are around $15 a square foot, and all of the second floor, where rents are about $25 a square foot, says Louis Buffalino of CB Richard Ellis Inc., who represented the airline. North American is primarily a charter airline. Its largest customer is the U.S. military. It also provides limited scheduled service, flying to Nigeria, Ghana and Guyana. The building, which also houses a high school specializing in aero- nautic education, is owned by the Port Authority of New York and New Jersey, which negotiated on its own behalf. —theresa agovino Fashion designer finds studio space fashion designer and retail veter- an Rita Watnick is planning to open her first New York City studio, in the garment district. Ms. Watnick recently signed a seven-year lease for 7,000 square feet at 231 W. 39th St., between Sev- enth and Eighth avenues. The ask- ing rent was $40 per square foot. The space will serve as a studio and showroom for Lily et Cie, a high-end fashion line that is popular with celebrities such as Renée Zell- weger and sells in the couture depart- ment at Bergdorf Goodman. The fashion line is just three seasons old. Lily et Cie is named after Ms. Watnick’s 28-year-old vintage thrift shop in Beverly Hills.She is bringing Lily et Cie to New York to help it ma- ture and better accommodate retail buyers who want to carry the line. “There is a mega-talent pool in New York,”she says.“For the U.S.,it’s the center of the garment industry.” Ms. Watnick chose the West 39th Street location because the building offers an eclectic tenant mix. “They wanted to be with a lot of different garment companies in- stead of just dresses,” says Jeffrey Buslik,an Adams & Co.broker who represented the tenant in the deal. James Buslik, an Adams & Co. principal, negotiated on behalf of landlord 231/249 W.39th St.Asso-

October 1, 2007 | Crain’s New York Business | 53 nb40p54_55_56cls.qxp 9/27/07 4:23 PM Page 54

BUSINESS MANAGEMENT SECURITY PUBLIC & LEGAL Business Management Services Jay Richards Security, Inc. REAL ESTATE Cash Management Services ● Bill Payment Voted #1 Hands on Security OFFICE SPACE NOTICES Tax & Financial Services ● Financing Assistance Operation in NYC! (212) 631-9500 ● www.mayercpa.com Security Guards • Bldg Security Notice of Formation of Shruti Realty, LLC, Art. Bonded & Insured • NYS Lic. IMMEDIATE OFFICE SPACE of Org. filed Sec'y of State (SSNY) 4/11/07. Offices in NYC, Brooklyn & L.I. Space by the day, week, month, year and even virtual. Office location: NY County. SSNY designated Cash Management & CFO Services Call 718-858-1180 as agent of LLC upon whom process against 212.573.0909 it may be served. SSNY shall mail copy of BUSINESS SERVICES TELECOMMUNICATIONS VornadoFurnishedOffices.com process to Myron Kove, Esq., 1199 Park A Ave., Apt. 8F, NY, NY 10128. Purpose: any

90 Park 909 Third 330 Madison 770 Broadway COMPANY lawful activities.

OFFICE SPACE PROFESSIONAL SPACE Notice of Qualification of BR 1355 First Avenue, LLC, App. for Auth. filed Sec'y of State (SSNY) LOOKING TO BUY REAL ESTATE IN WESTCHESTER, 6/29/07. Office location: NY County. LLC org. EMERGENCY PUTNAM OR DUTCHESS COUNTY?? in DE 3/29/07. SSNY designated as agent of COMMUNICATIONS 212-947-5500 LLC upon whom process against it may be FOR ALL OFFICE, RETAIL & LOFT SPACES INVESTMENT PROPERTIES AVAILABLE served. SSNY shall mail copy of process to SYSTEMS New York City, Brooklyn, Queens Call Helen Sclafani 914.522.9547 c/o Nat. Reg. Agents, 875 Ave of the Americas, 500–50,000 SF Ste. 501, NY, NY 10001. DE office addr.: 2711 SPECIALISTS UNDER MARKET SUBLETS – NO FEE! SEE MY LISTINGS AT: www.helenprudentialworldhomes.com Centerville Rd., Wilmington, DE 19808. Cert. EVENT PLANNER Search our listings @ www.midcomre.com • FREE PICKUP & DELIVERY HABLO ESPAÑOL! Prudential World Homes Realty of Form. on file: SSDE, Townsend Bldg., Dover, Call Paul 212 947-5500 x 100 DE 19901. Purpose: any lawful activities. Sugar & Spice • 48 HOUR TURNAROUND Notice of Formation of Dorian May LLC. Arts. Catering and Events ON REPAIRS PUBLIC & LEGAL NOTICES of Org. filed with Secy. of State of N.Y. (SSNY) • Private Chef Services • FREE ENGRAVING on 8/21/07. Office location: NY County. SSNY • Special Events designated as agent of LLC upon whom • SHORT & LONG Notice of Qualification of MayerCap, LLC, Notice of Qualification of Harbert Merger process against it may be served. SSNY shall • Event Planning TERM RENTALS filed under the original name Mayer Capital Arbitrage and Event Driven GP, L.L.C., App. for mail process to principal business location: Auth. filed Sec'y of State (SSNY) 11/2/06. Being Fresh is Good Advisors, LLC, App. for Auth. filed Sec'y c/o Dorian May, 160 E. 65th St., NY, NY of State (SSNY) 5/13/03. Office loc.: NY Office location: NY County. LLC org. in DE 10021. Purpose: any lawful activity. Chef Amy Hillenbrand County. LLC org. in DE 5/8/03. SSNY 10/31/06. SSNY designated as agent of LLC The largest Motorola Dealer in NY State designated as agent of LLC upon whom upon whom process against it may be served. 212-988-5664 307 Fifth Avenue, NY 10016 Name of LLC: ELISABETH HAHN LLC. Arts. of process against it may be served. SSNY SSNY shall mail copy of process to 555 Org. filed NY Dept. of State 8/15/07. County Event Planner 212-532-7400 shall mail copy of process to CSC, 2711 Madison Ave., 16th Fl., NY, NY 10022. DE www.metrocomradio.com off. loc.: New York Cty. Principal bus loc.: 76 Gabrielle Rolon Centerville Rd., Wilmington, DE 19808, office addr.: c/o CSC, 2711 Centerville Rd., W. 86th St., #3D, NY, NY 10024. Sec. of State 201-788-6884 the DE office addr. of LLC. Cert. of Form. Wilmington, DE 19808. Cert. of Form. on file: designated as agent of LLC upon whom on file: SSDE, Townsend Bldg., Dover, DE SSDE, Townsend Bldg., Dover, DE 19901. process against it may be served. Sec. of State [email protected] www.newyorkbusiness.com 19901. Purp.: any lawful activities. Purpose: any lawful activities. shall mail a copy of process to c/o Elisabeth Hahn, 76 W. 86th St., #3D, NY, NY 10024. Notice of Formation of KAL Realty Partners Notice of Qualification of Waldo’s $1 Mart, Purpose: any lawful activity. LLC. Arts. of Org. filed with Secy. of State LLC. Authority filed with NY Dept. of State on EXECUTIVE RECRUITER of N.Y. (SSNY) on 8/14/07. Office location: 8/30/07. Office location: NY County. Principal Notice of Formation of Project Graphic NY County. SSNY designated as agent of LLC business address: 831 Pearl St., Boulder, CO Management LLC. Arts. of Org. filed with NY upon whom process against it may be served. 80302. LLC formed in Delaware (DE) on Dept. of State on 7/19/07. Office location: NY POSITION AVAILABLE SSNY shall mail process to principal business 11/17/98. NY Secy. of State designated as County. Secy. of State designated as agent of location: c/o Stuart Rich, Esq., Meister Seelig agent of LLC upon whom process against it LLC upon whom process against it may be Crain’s Investment News, a dynamic and fast growing newspaper for the financial & Fein LLP, 140 E. 45th St., 19th Fl., NY, NY may be served and shall mail process to: c/o served and shall mail process to: McBreen & 10017. Purpose: any lawful activity. CT Corporation System, 111 8th Ave., NY, NY Kopko, 110 Summit Ave., Montvale, NJ industry, currently has an opening for an experienced Executive Coordinator. The 10011, registered agent upon whom process 07645. Purpose: any lawful activity. successful candidate will provide administrative support to the Publisher as well Name of LLC: 1854 NOYACK PATH LLC. may be served. DE address of LLC: 1209 as working with the marketing department on various projects. Arts. of Org. filed NY Dept. of State 5/9/07. Orange St., Wilmington, DE 19801. Arts. of REQUEST FOR PROPOSALS County off. loc.: Suffolk Cty. Sec. of State Org. filed with DE Secy. of State, P.O. Box 898, designated as agent of LLC upon whom Dover, DE 19901. Purpose: any lawful activity. Responsibilities include but are not limited to: process against it may be served. Sec. of REQUEST FOR • telephone coverage State shall mail a copy of process to: 1854 Notice of Formation of AIKIDO KOKIKAI Noyack Path, Noyack, NY 11963. Purpose: OF NYC, LLC, a domestic Limited Liability PROPOSAL • correspondence any lawful activity. Company. Arts. of Org. filed with the SSNY Proposal to operate a combined Gift • coordinating travel and calendars on 07/23/07. Office location: New York Shop/News Stand/Coffee • various administrative projects Notice of Formation of Oceangate Land County. SSNY has been designated as Holdings L.P. Cert. filed with NY Dept. of State agent upon whom process against the LLC Shop/Souvenir Shop/at the Coler- • other duties as assigned on 8/17/2007. Office location: NY County. may be served. SSNY shall mail a copy of Goldwater Specialty Hospital and Secy. of State designated as agent of LP upon process to: The LLC, One Penn Plaza - Nursing Facility. Interested candidates must: whom process against it may be served and Suite 2410, New York, NY 10119. Purpose: A mandatory pre-bid conference will shall mail process to the principal business Any Lawful Purpose. • possess a minimum of three years of administrative support experience address of the LP: c/o Starrett Corp., 70 E. be held in the Purchasing Dept. on • have proven/advanced computer skills in Word, Excel and PowerPoint 55th St., 7th Fl., NY, NY 10022, Attn: Stephen Name of LLC: Safari Global Consulting LLC. the Goldwater campus, 1 Main Salup. Name/address of each genl. ptr. • have excellent verbal and written communication skills Arts. of Org. filed NY Dept. of State 8/7/07. Street, Roosevelt Island, NY 10044, available from Secy. of State. Term: until County off. loc.: New York Cty. Sec. of State on 10/11/07 and 10/12/07 at 10:30 • be detail-oriented, well organized and manage multiple tasks 12/31/2032. Purpose: any lawful activity. designated as agent of LLC upon whom process against it may be served. Sec. of State AM. The bid is due on 10/23/07 at Notice of Formation of Scott Colee LLC, Art. 3:00 PM. For additional information This candidate will also be working with the marketing department on coordination shall mail a copy of process to Brian Fortune, of Org. filed Sec'y of State (SSNY) 7/17/07. c/o Hunter Global Investors L.P., 485 Madison please contact Ms. Carmen Salgado of Investment News events as well as other marketing projects, both in print Office location: NY County. SSNY designated Ave., 22nd Fl., NY, NY 10022. Purpose: any at (212) 318-4248. and online. This position holds opportunity for advancement. Crain offers an as agent of LLC upon whom process against lawful activity. it may be served. SSNY shall mail copy of excellent flexible benefit plan including profit sharing and a service reward process to c/o Golenbock Eiseman Assor Bell REQUEST FOR PROPOSALS plan. A Bachelor’s degree or some college is a plus. & Peskoe LLP, Attn: Lawrence R. Haut, 437 Madison Ave., NY, NY 10022-7302. Purpose: Metropolitan Transportation Authority any lawful activities. Resumes along with cover letters and salary requirements and can be submitted for Request For Proposals consideration at www.crain.com Notice of Qualification of Akana Incubator We thank you for your interest in Crain Communications and invite you to continue to Fund, LP, App. for Auth. filed Sec'y of State FOOD & BEVERAGE VENDING MACHINE SERVICES (SSNY) 12/5/06. Office location: NY County. visit our Web site as positions are updated regularly. Crain Communications is an Equal LP org. in DE 12/4/06. SSNY designated as Seeking Qualified Parties for Vending Machine Services at Various Opportunity Employer. agent of LP upon whom process against it may be served. SSNY shall mail copy of New York City Transit (NYCT) & MTA Bus Company Facilities FINANCE POSITION AVAILABLE process to Attn: John Bu, 444 Madison Ave., MTA NYCT & MTA Bus Co. are seeking proposers to operate food & beverage vending machines 12th Fl., NY, NY 10022. DE office addr.: c/o at 55 different NYCT & MTA Bus Co. facilities throughout New York City. CSC, 2711 Centerville Rd., Wilmington, DE Employee-Only VP, Equity Research Advertise on 19808. Cert. of LP on file: SSDE, Townsend Services are to be offered in facilities. No public or passenger access Seeking an individual to oversee Equity Bldg., Dover, DE 19901. Name/addr. of each will be made available through this Request for Proposals (RFP). Research Department: perform detailed gen. ptr. avail. at SSNY. Purpose: any lawful To obtain a copy of this RFP or for more information about this RFP or the RFP process, analyses on global equities with a focus on activities. please contact one of the two following Designated Points of Contact for this RFP: North America & BRIC; publish first call newyorkbusiness.com Notice of Qualification of Palatine Hill For a copy of this RFP, contact: For more info on this RFP, contact: notes, reports, & recommendations; and Emerging Markets Fund, LP, App. for Auth. Odette Forestier John Coyne develop institutional business. 40 hrs/week, filed Sec'y of State (SSNY) 4/23/07. Office Tel: (212) 878-7049 Tel: (212) 878-7158 M-F. CA or CPA equivalent required along location: NY County. LP org. in DE 4/20/07. Fax: (212) 878-0162 Fax: (212) 878-0162 with MBA with an International focus plus Call John Gallagher SSNY designated as agent of LP upon whom [email protected] [email protected] 4 years’ global equity experience.Alternative process against it may be served. SSNY shall All contacts with the MTA relating to this RFP must be made through one of these two Designated combination of education/experience may mail copy of process to 600 Fifth Ave., 26th Points of Contact. Contacts with anyone else at MTA relating to this RFP may be a violation of Fl., NY, NY 10020. DE office addr.: c/o CSC, be acceptable. Fax resume & cover letter the law and could result in the disqualification of the proposer. 2711 Centerville Rd., Wilmington, DE 19808. to: (212) 658-9934 or mail to: HR Dept, @ 212-210-0189 Cert. of LP on file: SSDE, Townsend Bldg., Metropolitan Transportation Authority Scarsdale Equities LLC, 30 Rockefeller Dover, DE 19901. Name/addr. of each gen. ptr. Plaza, Suite 4250, NY, NY 10112. EOE. avail. at SSNY. Purpose: any lawful activities.

54 | Crain’s New York Business | October 1, 2007 nb40p54_55_56cls.qxp 9/27/07 4:24 PM Page 55

PUBLIC & LEGAL NOTICES

Agent of Change LLC. Articles of Organization Notice of Qualification of Invus Advisors, Notice of Qualification of Pinkerton Government Notice of Qualification of R-Roof IV, LLC. ISHIDA/CRANDALL LLC Articles of Org. filed with New York Department of State on L.L.C. Authority filed with NY Dept. of State on Services, LLC. Authority filed with Secy. of Authority filed with Secy. of State of N.Y. filed NY Sec. of State (SSNY) 7/17/07. Office July 31, 2007. Office Location: New York 8/23/07. Office location: NY County. Principal State of NY (SSNY) on 8/2/07. Office location: (SSNY) on 8/2/07. Office location: NY County. in NY Co. SSNY desig. agent of LLC upon County. Secretary of State designated as business address: 750 Lexington Ave., NY, NY NY County. LLC formed in Delaware (DE) on Principal business location: 5847 San Felipe, whom process may be served. SSNY shall agent of LLC upon who process against it 10022. LLC formed in Delaware (DE) on 6/30/89. SSNY designated as agent of LLC Ste. 4650, Houston, TX 77057. LLC formed in mail copy of process to 373 Broadway, may be served and shall mail process to 3/13/03. NY Secy. of State designated as agent upon whom process against it may be served. Delaware (DE) on 6/11/07. SSNY designated Ste. D8, NY, NY 10013, which is also the Agent of Change LLC, One River Place, of LLC upon whom process against it may be SSNY shall mail process to: c/o National as agent of LLC upon whom process against principal business location. Purpose: Any Suite 3122, NY, NY 10036. Purpose: Any served and shall mail process to: c/o CT Registered Agents, Inc., 875 Ave of the it may be served. SSNY shall mail process to: lawful purpose. lawful activity. Corporation System, 111 8th Ave., NY, NY Americas, Ste 501, NY, NY 10001. Address c/o Corporation Service Company, 80 State 10011, registered agent upon whom process to be maintained in DE: 160 Greentree Dr., St., Albany, NY 12207. DE address of LLC: Notice of Formation of NewQuest Manager NOTICE OF FORMATION OF LIMITED LIABILITY may be served. DE address of LLC: 1209 Ste 101, Dover, DE 19904. Arts. of Org. 2711 Centerville Road, Ste. 400, Wilmington, LLC. Arts. of Org. filed with Secy. of State COMPANY. NAME: BLOGGERMED LLC. Orange St., Wilmington, DE 19801. Arts. of filed with DE Secy. Of State, 401 Federal DE 19808. Arts. of Org. filed with DE Secy. of of N.Y. (SSNY) on 8/31/07. Office location: Articles of Organization were filed with the Org. filed with DE Secy. of State, 401 Federal St., Ste 4., Dover, DE 19901. Purpose: any State, 401 Federal St., Ste. 4, Dover, DE NY County. SSNY designated as agent of Secretary of State of New York (SSNY) on St., Ste. 4, Dover, DE 19901. Purpose: any lawful activities. 19901. Purpose: any lawful activity. LLC upon whom process against it may be 08/15/07. Office location: New York County. lawful activity. served. SSNY shall mail process to: c/o The SSNY has been designated as agent of the Notice of Formation of 37-24 24th Street Notice of Qualification of Enclave Capital LLC, 275 Madison Ave., Ste. 702, NY, NY LLC upon whom process against it may be Notice of Qualification of Dry Brook Credit Member LLC. Arts. of Org. filed with NY Dept. LLC. Authority filed with NY Dept. of State 10016. Purpose: any lawful activity. served. SSNY shall mail a copy of process Opportunities, LP, App. for Auth. filed Sec'y of State on 2/6/07. Office location: NY County. on 7/6/2007. Office location: NY County. to the LLC, c/o Peter Juhng, 7 Dogwood of State (SSNY) 6/25/07. Office location: Secy. of State designated as agent of LLC LLC formed in Delaware (DE) on 5/31/1995. Name of LLC: ALEXANDRIA LIND LLC. Arts. Lane, Tenafly, New Jersey 07670. Purpose: NY County. LP org. in DE 2/26/07. SSNY upon whom process against it may be served NY Secy. of State designated as agent of of Org. filed NY Dept. of State 6/13/07. For any lawful purpose. designated as agent of LP upon whom and shall mail process to: c/o Robert Kantor, LLC upon whom process against it may be County off. loc.: New York County. Principal process against it may be served. SSNY Esq., 55 5th Ave., 15th Fl., NY, NY 10003, served and shall mail process to the principal bus. loc.: 19 East 95th Street, 3F, New York, Notice of Qualification of Crestview Partners shall mail copy of process to Attn: Tanya principal business address of the LLC. business address of the LLC: 708 3rd Ave., NY 10128. Sec. of State designated as agent TE (Outbound), L.P. Authority filed with NY Pulver, 400 Madison Ave., Ste. 5D, NY, NY Purpose: any lawful activity. NY, NY 10017. DE address of the LLC: 1209 of LLC upon whom process against it may be Dept. of State on 7/31/07. Office location: 10017. DE office addr.: c/o CSC, 2711 Orange St., Wilmington, DE 19801. Arts. of served. Sec. of State shall mail a copy of Name of LLC: PELLA 166 LLC. Arts. of NY County. LP formed in Cayman Islands Centerville Rd., Wilmington, DE 19808. Cert. Org. filed with DE Secy. of State, 401 Federal process to 19 East 95th Street, 3F, New York, Org. filed NY Dept. of State 6/29/07. County (CI) on 10/24/06. NY Secy. of State designated of LP on file: SSDE, Townsend Bldg., Dover, St., Ste. 4, Dover, DE 19901. Purpose: any NY 10128. Purpose: any lawful activity. as agent of LP upon whom process against DE 19901. Name/addr. of each gen. ptr. avail. off. loc.: New York County. Sec. of State lawful activity. it may be served and shall mail process to at SSNY. Purpose: any lawful activities. designated as agent of LLC upon whom process against it may be served. Sec. of VENICE II LLC. Arts. of Org. filed with the the principal business address of the LP: Notice of Qualification of NY Credit Operating SOS of NY (SSNY) on 7/23/07. Office loc.: 667 Madison Ave., 10th Fl., NY, NY 10021. Notice of Qualification of Hawkshaw Capital State shall mail a copy of process to Company LLC. Authority filed with Secy. of Handsman & Kaminsky LLP, 600 Lexington NY County. SSNY designated as agent of CI address of LP: c/o M&C Corporate Partners, LP, App. for Auth. filed Sec'y of State State of N.Y. (SSNY) on 8/8/07. Office location: LLC upon whom process against it may be Services Ltd., P.O. Box 309GT, Ugland (SSNY) 2/7/03. Office location: NY County. LP Avenue, 10th Floor, New York, NY 10022. NY County. Principal business location: 230 Purpose: any lawful activity. served. SSNY shall mail process to: Irving House, S. Church St., George Town, Grand org. in DE 2/6/03. SSNY designated as agent Park Ave., Ste. 1160, NY, NY 10169. LLC J. Gotbaum, 568 Broadway, Suite 505, New Cayman, CI. Name/address of genl. ptr. of LP upon whom process against it may be formed in Delaware (DE) on 4/5/07. SSNY York, NY 10012. Purpose: any lawful activity. available from SSNY. Cert. of LP filed with served. SSNY shall mail copy of process to Notice of Formation of JS 180 Broadway LLC. designated as agent of LLC upon whom Registrar of Exempted LPs, Citrus Grove Arts. of Org. filed with Secy. of State of N.Y. Attn: Frank Byrd, 400 Madison Ave., NY, NY process against it may be served. SSNY shall Notice of Formation of Stawski Group, LLC, Bldg., George Town, Grand Cayman, CI. 10017. DE office addr.: c/o CSC, 2711 (SSNY) on 8/6/07. Office location: NY County. mail process to: c/o Corporation Service Purpose: any lawful activity. Principal business location: c/o Wharton Art. of Org. filed Sec'y of State (SSNY) Centerville Rd., Wilmington, DE 19808. Cert. Company (CSC), 80 State St., Albany, NY 7/12/07. Office location: NY County. SSNY of LP on file: SSDE, Townsend Bldg., Dover, Realty, 20 E. 46th St., NY, NY 10004. SSNY 12207. DE address of LLC: c/o CSC, 2711 Notice of Qualification of Rex Uniondale Hotel designated as agent of LLC upon whom designated as agent of LLC upon whom DE 19901. Name/addr. of each gen. ptr. avail. Centerville Road, Ste. 400, Wilmington, DE process against it may be served. SSNY LLC. Authority filed with Secy. of State of N.Y. at SSNY. Purpose: any lawful activities. process against it may be served. SSNY shall 19808. Arts. of Org. filed with DE Secy. of (SSNY) on 1/18/07. Office location: NY mail process to: Corporation Service Company, shall mail copy of process to c/o Hofheimer State, 401 Federal St., Ste. 4, Dover, DE 19901. Gartlir & Gross LLP, 530 Fifth Ave., NY, NY County. LLC formed in Delaware (DE) on Notice of Qualification of VII West 75th Street 80 State St., Albany, NY 12207. Purpose: Purpose: any lawful activity. 1/2/07. SSNY designated as agent of LLC any lawful activity. 10036. Purpose: any lawful activities. Latest Owner, LLC, App. for Auth. filed Sec'y of State date 12/31/2057. upon whom process against it may be served. (SSNY) 7/26/07. Office location: NY County. Notice of Qualification of Clutch Group LLC. SSNY shall mail process to: 625 Reckson LLC org. in DE 7/3/07. SSNY designated as Notice of Qualification of BON ALLER NEW Authority filed with Secy. of State of N.Y. Plaza, Uniondale, NY 11556. DE address of agent of LLC upon whom process against it YORK, LLC. Authority filed with Secy. of State (SSNY) on 9/5/07. Fictitious name in NY State: Notice of Qualification of Dollar Land LLC: 1209 Orange St., Wilmington, DE 19801. may be served. SSNY shall mail copy of of N.Y. (SSNY) on 8/20/07. Office location: NY Clutch Group Acquisition Company LLC. Associates LLC. Authority filed with NY Dept. Cert. of Form. filed with DE Secy. of State, process to c/o Nat. Reg. Agents, 875 Ave of County. LLC formed in Delaware (DE) on Office location: NY County. LLC formed in of State on 5/18/07. Office location: NY County. P.O. Box 898, Dover, DE 19903. Purpose: any the Americas, Ste. 501, NY, NY 10001, the 7/30/07. SSNY designated as agent of LLC Delaware (DE) on 7/31/07. SSNY designated LLC formed in Delaware (DE) on 4/30/07. NY lawful activity. Reg. Agt. upon whom proc. may be served. upon whom process against it may be served. as agent of LLC upon whom process against Secy. of State designated as agent of LLC DE office addr.: 160 Greentree Dr., Ste. 101, SSNY shall mail process to: c/o Corporation it may be served. SSNY shall mail process upon whom process against it may be served Notice of Formation of Sunshine Entertainment Dover, DE 19904. Cert. of Form. on file: Service Company, 80 State St., Albany, NY to principal business location: c/o The LLC, and shall mail process to: c/o CT Corporation Group (NY), LLC. Arts. of Org. filed with Secy. SSDE, Townsend Bldg., Dover, DE 19901. 12207. DE address of LLC: 2711 Centerville 370 Lexington Ave., Ste. 1410, NY, NY 10017. System, 111 8th Ave., NY, NY 10011, of State of N.Y. (SSNY) on 6/1/07. Office Purpose: any lawful activities. Road, Ste. 400, Wilmington, DE. Arts. of DE address of LLC: c/o United Corporate registered agent upon whom process may be location: NY County. SSNY designated as Org. filed with DE Secy. of State, Federal & Services, Inc., 874 Walker Road, Ste. C, served. DE address of LLC: 1209 Orange St., agent of LLC upon whom process against it Duke of York St., Dover, DE 19901. Purpose: Dover, DE 19904. Arts. of Org. filed with Wilmington, DE 19801. Arts. of Org. filed with may be served. SSNY shall mail process to: NOTICE OF FORMATION OF LIMITED LIABILITY COMPANY. NAME: PINE 3103, any lawful activity. DE Secy. of State, Townsend Bldg., Dover, DE Secy. of State, Townsend Bldg., Dover, DE c/o Bruce Lipnick, 800 Third Avenue, NY, NY DE 19901. Purpose: any lawful activity. 19901. Purpose: any lawful activity. 10022. Purpose: any lawful activity. LLC. Articles of Organization were filed with the Secretary of State of New York Notice of Qualification of QSG Management, L.L.C. Authority filed with Secy. of State of CHAUFFEURED TRANSPORTATION Notice of Formation of NR-OT HAND REHAB (SSNY) on 02/17/06. Office location: New York County. SSNY has been designated N.Y. (SSNY) on 7/13/07. Office location: NY PLLC, a Professional Limited Liability County. Principal business location: 11th Fl., Company. Arts. of Org. filed with the SSNY on as agent of the LLC upon whom process against it may be served. SSNY shall mail a 350 Park Ave., NY, NY 10022. LLC formed in DESTINATION? 06/26/07. Office location: New York County. Delaware (DE) on 3/13/07. SSNY designated SSNY has been designated as agent upon copy of process to the LLC, c/o VL Owners, Inc., ATTN: Sergei Perotine, Manager, 8 as agent of LLC upon whom process against Anytime. Anywhere. whom process against it may be served. it may be served. SSNY shall mail process to: SSNY shall mail a copy of process to: C/O the Yellowstone Drive, Old Bridge, New Jersey 08857. Purpose: For any lawful purpose. Corporation Service Co., 80 State St., Albany, PLLC, 61-18 190th Street, Suite 201, Fresh NY 12207, registered agent upon whom Business Meetings and Events, Meadows, NY 11365. Purpose: To Practice process may be served. DE address of LLC: The Profession Of Occupational Therapy. NOTICE OF FORMATION OF BMDB Enterprise Road Shows, and 18-hour days; LLC. Article of Organization filed with the 2711 Centerville Rd., Ste. 400, Wilmington, DE 19808. Arts. of Org. filed with DE Secy. we know where you’re coming from Notice of Formation of Paul Devlin Productions, Secretary of State of NY (SSNY) on 5/8/07 Office location NEW YORK County. SSNY of State, Townsend Bldg., Dover, DE 19901. and we know how to get you there. LLC. Arts. of Org. filed with Secy. of State Purpose: any lawful activity. of N.Y. (SSNY) on 8/13/07. Office location: has been designated as agent upon whom Anytime. Anywhere. NY County. SSNY designated as agent of process against it may be served. The Post Notice of Qualification of Rolling Cash Equity LLC upon whom process against it may be Office address to which the SSNY shall mail Group LLC. Authority filed with Secy. of State Commonwealth Worldwide provides served. SSNY shall mail process to: c/o a copy of any process against the LLC served of N.Y. (SSNY) on 7/27/07. Office location: Cowan, DeBaets, Abrahams & Sheppard upon him/her is C/O the LLC 585 Leonard St premium chauffeured transportation NY County. LLC formed in Delaware (DE) on LLP, Attn: Robert I. Freedman, 41 Madison #3. Brooklyn, NY 11222. Date of Dissolution: 7/26/07. SSNY designated as agent of LLC services for discriminating corporate Ave., 34th Fl., NY, NY 10010. Purpose: any Purpose of LLC: to engage in any lawful act upon whom process against it may be served. lawful activity. or activity. Street address of Principal clients including senior executives, Business location is: 585 Leonard St #3. SSNY shall mail process to principal business and private aviation passengers. Notice of Qualification of Perella Weinberg Brooklyn, NY 11222 location: Sam Liebman, 1430 Broadway, 14th Partners Capital Management LP. Authority Fl., NY, NY 10018. DE address of LLC: filed with NY Dept. of State on 6/19/07. Office EPOLOGY LLC, a foreign Limited Liability c/o Corporation Service Company, 2711 Celebrating Our 25th Year Centerville Road, Ste. 400, Wilmington, DE location: NY County. LP formed in Delaware Company (LLC) filed with the Sec of State of 1982-2007 (DE) on 2/28/07. NY Secy. of State designated NY (SSNY) on 5/04/07. NY office Location: 19808. Arts. of Org. filed with DE Secy. of as agent of LP upon whom process against it NEW YORK County. SSNY is designated as State, 401 Federal St., Ste. 4, Dover, DE may be served and shall mail process to: 767 agent upon whom process against the LLC 19901. Purpose: any lawful activity. 5th Ave., NY, NY 10153, principal business may be served. SSNY shall mail a copy of any address of the LP. DE address of LP: c/o process against the LLC served upon him/her Notice of Qualification of Summit Rock National Corporate Research, Ltd., 615 S. to THE LLC, 261 BROOME ST., APT. 3A, NEW Diversified Strategies Portfolio, L.P. Authority DuPont Hwy., Dover, DE 19901. Name/address YORK, NY 10002. General purposes. filed with Secy. of State of N.Y. (SSNY) on of genl. ptr. available from NY Secy. of State. 7/30/07. Office location: NY County. LP Cert. of LP filed with DE Secy. of State, 401 Notice of Qualification of Roundtable formed in Delaware (DE) on 6/22/07. SSNY Federal St., Dover, DE 19901. Purpose: any Managers LLC. Authority filed with Secy. of designated as agent of LP upon whom lawful activity. State of N.Y. (SSNY) on 6/28/07. Office process against it may be served. SSNY shall location: NY County. LLC formed in Delaware mail process to: c/o Corporation Service Notice of Formation of Kusa Makura LLC. Arts. (DE) on 9/15/06. SSNY designated as agent Company (CSC), 80 State St., Albany, NY of Org. filed with Secy. of State of N.Y. (SSNY) of LLC upon whom process against it may be 12207, registered agent upon whom process on 8/8/07. Office location: NY County. SSNY served. SSNY shall mail process to: 280 Park may be served. DE address of LP: CSC, 2711 Avenue, NY, NY 10017. DE address of LLC: Centerville Road, Ste. 400, Wilmington, DE designated as agent of LLC upon whom The World’s #1 Chauffeured Transportation Company process against it may be served. SSNY shall 2711 Centerville Rd., Ste. 400, Wilmington, 19808. Name/address of each genl. ptr. mail process to principal business location: DE 19808. Cert. of Form. filed with DE Secy. available from SSNY. Cert. of LP filed with c/o The LLC, 224 E. 12th St., NY, NY 10003. of State, P.O. Box 898, Dover, DE 19903. DE Secy. of State, 401 Federal St., Ste. 4, Purpose: any lawful activity. Purpose: any lawful activity. Dover, DE 19901. Purpose: any lawful activity. 866.770.1677 or 718.706.5500 • commonwealthlimo.com

October 1, 2007 | Crain’s New York Business | 55 nb40p54_55_56cls.qxp 9/27/07 4:24 PM Page 56

PUBLIC & LEGAL NOTICES

Notice of Qualification of Centerbridge Capital CODEBOX LLC, a domestic Limited Liability Notice of Formation of 200 West 55th Street, Notice of Qualification of Dynamis ETF, LLC. Notice of Qualification of JWS Partners I, Partners PNG-D, L.P. Authority filed with NY Company (LLC) filed with the Sec of State of LLC, Art. of Org. filed Sec'y of State (SSNY) Authority filed with Secy. of State of N.Y. L.P. Authority filed with Secy. of State of NY Dept. of State on 8/8/07. Office location: NY NY (SSNY) on 1/12/07. NY office Location: 11/21/05. Office location: NY County. SSNY (SSNY) on 8/22/07. Office location: NY (SSNY) on 09/11/07. Office location: New County. Principal business address: 375 Park NEW YORK County. SSNY is designated as designated as agent of LLC upon whom County. LLC formed in Delaware (DE) on York County. LP formed in Delaware (DE) Ave., 12th Fl., NY, NY 10152. LP formed in agent upon whom process against the LLC process against it may be served. SSNY 7/25/07. SSNY designated as agent of LLC on 09/07/07. SSNY designated as agent of Delaware (DE) on 7/27/07. NY Secy. of State may be served. SSNY shall mail a copy of any shall mail copy of process to c/o Dahan & upon whom process against it may be served. LP upon whom process against it may be designated as agent of LP upon whom process against the LLC served upon him/her Nowick LLP, 1700 Broadway, NY, NY 10019. SSNY shall mail process to principal business served. SSNY shall mail process to: c/o process against it may be served and shall to C/O THE LLC, 30 VESEY STREET, 11TH FLR., Purpose: any lawful activities. location: 75 Rockefeller Plaza, 18th Fl., NY, NY Northeast Securities, 100 Wall St., NY, NY mail process to: c/o CT Corporation System, NEW YORK, NY 10007. General purposes. 10019. DE address of LLC: c/o Corporation 10005, Attn: Jon W. Salmanson. Address 111 8th Ave., NY, NY 10011. DE address of Notice of Qualification of Betsey Johnson Service Co., 2711 Centerville Rd., Ste. 400, required to be maintained in home jurisdiction: LP: c/o The Corporation Trust Co., 1209 Notice of Formation of T-Parc LLC. Arts. of LLC. Authority filed with Secy. of State of Wilmington, DE 19808. Cert. of Form. filed 160 Greentree Dr., Ste., 101, Dover, DE Orange St., Wilmington, DE 19801. Org. filed with Secy. of State of N.Y. (SSNY) NY (SSNY) on 8/1/07. Office location: NY with DE Secy. of State, Townsend Bldg., Dover, 19904. Name/address of genl. ptr. available Name/address of genl. ptr. available from NY on 7/30/07. Office location: NY County. SSNY County. LLC formed in Delaware (DE) on DE 19901. Purpose: any lawful activity. from SSNY. Cert. of LP filed with DE Secy. designated as agent of LLC upon whom Secy. of State. Cert. of LP filed with DE Secy. 6/29/07. SSNY designated as agent of LLC of State, John G. Townsend Bldg., 401 Federal of State, Townsend Bldg., Dover, DE 19901. process against it may be served. SSNY shall VERDE ENVO LLC Articles of Org. filed NY St., Ste. 4, Dover, DE 19901. Purpose: any Purpose: any lawful activity. mail process to principal business location: upon whom process against it may be Sec. of State (SSNY) 5/31/07. Off. in lawful activities. David B. Gardner, Esq., c/o Kline, Gardner & served. SSNY shall mail process to: c/o Westchester Co. SSNY desig. agent ot LLC National Registered Agents, Inc., 875 Ave Notice of Qualification of Emerging Sovereign O’Connor, P.C., 96 Middle St., Gloucester, MA upon whom process may be served. SSNY Notice of Formation Vvensta LLC art. of org. Fund LP, App. for Auth. filed Sec'y of State 01930. Purpose: to own real estate. of the Americas, Ste 501, NY, NY 10001. shall mail copy of process to the principal filed Secy. of State NY (SSNY) 6/14/07. Off. (SSNY) 2/4/02. Office location: NY County. LP Address to be maintained in DE: 2711 address of the LLC: 24 Midland Ave, Yonkers, loc. in NY Co. SSNY designated as agent of org. in DE 1/30/02. SSNY designated as agent EMERALD GREENE, LLC App. for Auth. filed Centerville Rd., Ste 400, Wilmington, DE NY 10705. Purpose: Any lawful activity. LLC upon whom process may be served. of LP upon whom process against it may be NY Sec. of State (SSNY) 8/12/05, doing 19808. Arts. of Org. filed with DE Secy. Of SSNY shall mail copy of process to: Hang Notice of Qualification of HY 707 LLC. served. SSNY shall mail copy of process to business under the fictitious name EMERALD State, 401 Federal St., Ste 4., Dover, DE Guo, 51-29 72 St, Woodside, NY 11377. 101 Park Ave., 48th Fl., NY, NY 10178. DE GREEN NYC. LLC was organized in DE on Authority filed with Secy. of State of N.Y. 19901 Purpose: any lawful activities. Purpose: Any lawful purpose. office addr.: c/o CSC, 2711 Centerville Rd., 7/29/05.Office in NY Co. SSNY desig. as agent (SSNY) on 9/11/07. Office location: NY Wilmington, DE 19808. Cert. of LP on file: of LLC upon whom process may be served. County. LLC formed in Delaware (DE) on Notice of Qualification of 655 FIFTH OWNER SSDE, Townsend Bldg., Dover, DE 19901. SSNY to mail copy of process to c/o DCD Notice of Qualification of BRS Coinvestor LLC. Authority filed with Secy. of State of N.Y. Name/addr. of each gen. ptr. avail. at SSNY. Capital, 57 W. 38th St., NY, NY 10018, which GP III, L.L.C. Authority filed with Secy. of 6/20/07. SSNY designated as agent of (SSNY) on 8/29/07. Office location: NY Purpose: any lawful activities. is the principal NY office. Cert. of Org. filed LLC upon whom process against it may State of NY (SSNY) on 9/6/07. Office loca- County. LLC formed in Delaware (DE) on with SSDE, Div. of Corps. 401 Federal St., Ste. be served. SSNY shall mail process to: tion: NY County. LLC formed in Delaware 8/27/07. SSNY designated as agent of LLC Notice of Qualification of Shaka Capital #4, Dover, DE. Purpose: Any lawful purpose. (DE) on 8/29/07. SSNY designated as c/o KMM Telecommunications, 9 Law upon whom process against it may be served. Holdings, LLC. Authority filed with NY Dept. Drive, Ste. 13, Fairfield, NJ 07004. DE of State on 8/13/07. Office location: NY agent of LLC upon whom process against SSNY shall mail process to: c/o Hiro Real Notice of Formation of CHASE MARLEY LLC, address of LLC: Trolley Square, Ste. 20C, County. LLC formed in Delaware (DE) on it may be served. SSNY shall mail process Estate Company, 650 Madison Ave., NY, NY Art. of Org. filed with Sec'y of State of NY 10022, Attn: Frank Ward. DE address of LLC: 8/7/07. NY Secy. of State designated as agent (SSNY) 07-20-07. Office Location: NY to: The LLC, 126 East 56th St., NY, NY Wilmington, DE 19806. Arts. of Org. filed of LLC upon whom process against it may be with DE Secy. of State, 401 Federal St., c/o Corporation Service Company, 2711 County. SSNY designated as agent of LLC 10022. Address to be maintained in DE: Centerville Road, Ste. 400, Wilmington, DE served and shall mail process to the principal upon whom process against it may be served. Ste. 4, Dover, DE 19901. Purpose: own & 2711 Centerville Rd., Ste 400, Wilmington, 19808. Cert. of Form. filed with DE Secy. business address of the LLC: 27 Century SSNY shall mail copy of process to c/o The develop real property. Ridge Rd., Purchase, NY 10577, Attn: Arif DE 19808. Arts. of Org. filed with DE Secy. of State, 401 Federal St., Ste. 4, Dover, DE LLC, 315 E. 65th St., Ste. 1B, NY NY 10065. 19901. Purpose: any lawful activity. Imam. DE address of LLC: c/o Corporation Purpose: any lawful activities. Of State, 401 Federal St., Ste 4., Dover, DE Notice of Formation of Axelrod Energy Service Co., 2711 Centerville Rd., Ste. 400, 19901 . Purpose: any lawful activities. Projects, LLC, Art. of Org. filed Sec'y of State Name of LLC: Uphook filed Ny. dept of state Wilmington, DE 19808. Arts. of Form. filed Notice of Formation of Rising Development – (SSNY) 6/22/07. Office location: NY County. with DE Secy. of State, 401 Federal St., Ste. 4, 38 Main, LLC. Arts. of Org. filed with Secy. 05/31/07. County of New York sec. of state Notice of Qualification of GS Capital SSNY designated as agent of LLC upon whom designated agent of LLC Upon whom process Dover, DE 19901. Purpose: any lawful activity. of State of N.Y. (SSNY) on 9/6/07. Office process against it may be served. SSNY shall location: NY County. SSNY designated as Partners 2000 Employee Fund, L.P. against it may be served, secretary of state mail copy of process to c/o Lawrence Axelrod, Shall mail copy of process to Ice: aka Gayle Notice of Conversion of Cooperative Equities agent of LLC upon whom process against it Authority filed with Secy. of State of N.Y. 214 West 96th St., NY, NY 10025. Purpose: Group IV, a partnership, to Cooperative may be served. SSNY shall mail process to: (SSNY) on 7/27/07. Office location: NY Johnson 130 Jane St. New York 10014. any lawful activities. Purpose: any lawful activity. Equities IV LLC. Cert. filed with Secy. of State The LLC, 3261 Broadway, NY, NY 10027. County. LP formed in Delaware (DE) on of NY (SSNY) on 10/22/02. Office location: NY Purpose: any lawful activity. 4/5/00. SSNY designated as agent of LP Notice of Qualification of PowerQX LLC. County. SSNY designated as agent of LLC Authority filed with NY Dept. of State on Notice of Formation of NY GO 72nd LLC. Arts. upon whom process against it may be served Notice of Qualification of Centurion Global upon whom process against it may be 11/8/06. Office location: NY County. Principal of Org. filed with Secy. of State of N.Y. (SSNY) and shall mail process to: Philip Brody, c/o Partners, L.P. Authority filed with Secy. of served. SSNY shall mail process to: 85 business address: 375 Park Ave., NY, NY on 6/1/07. Office location: NY County. SSNY Time Equities, Inc., 55 5th Ave., 15th Fl., State of N.Y. (SSNY) on 8/30/07. Office Broad St., NY, NY 10004. DE address of 10152. LLC formed in Delaware (DE) on designated as agent of LLC upon whom NY, NY 10003, registered agent upon location: NY County. LP formed in Delaware LP: Corporation Trust Center, 1209 Orange 10/26/04. NY Secy. of State designated as process against it may be served. SSNY shall mail process to: c/o Gotham Organization, whom process may be served. Purpose: (DE) on 8/22/07. SSNY designated as agent St., Wilmington, DE 19801. Name/address agent of LLC upon whom process against it any lawful activity. of LP upon whom process against it may be may be served and shall mail process to: c/o 1010 Ave. of the Americas, 4th Fl., NY, NY served. SSNY shall mail process to principal of each genl. ptr. available from SSNY. CT Corporation System, 111 8th Ave., NY, NY 10018. Purpose: any lawful activity. NOTICE OF FORMATION OF LIMITED business location: 101 Park Ave., NY, NY Cert. of LP filed with DE Sec. of State, P.O. 10011, registered agent upon whom process LIABILITY COMPANY. NAME: PINE 1809, 10178. DE address of LP: c/o Corporation Box 898, Dover, DE 19903. Purpose: any may be served. DE address of LLC: c/o The Notice of Qualification of SG Mortgage LLC. Articles of Organization were filed Service Company, 2711 Centerville Road, Ste. lawful activity. Corporation Trust Co., 1209 Orange St., Securities, LLC. Authority filed with Secy. of with the Secretary of State of New York 400, Wilmington, DE 19808. Name/address Wilmington, DE 19801. Cert. of Form. filed State of N.Y. (SSNY) on 6/6/07. Office location: NY County. LLC formed in Delaware (SSNY) on 02/17/06. Office location: New of each genl. ptr. available from SSNY. Notice of Formation of ALBERT 2 LLC. Arts. with DE Secy. of State, Townsend Bldg., York County. SSNY has been designated Cert. of LP filed with DE Secy. of State, 401 Dover, DE 19901. Purpose: any lawful activity. (DE) on 5/17/05. SSNY designated as agent of Org. filed with NY Dept. of State on 9/5/07. of LLC upon whom process against it may be as agent of the LLC upon whom process Federal St., Dover, DE 19901. Purpose: any Office location: NY County. Secy. of State against it may be served. SSNY shall mail a lawful activity. Notice of Formation of 180 BROADWAY served. SSNY shall mail process to: c/o CT designated as agent of LLC upon whom LLC. Arts. of Org. filed with Secy. of State of Corporation System, 111 8th Ave., NY, NY copy of process to the LLC, c/o VL Owners, process against it may be served and shall Notice of Qualification of Turtle Creek 10011, registered agent upon whom process Inc., ATTN: Sergei Perotine, Manager, 8 mail process to the principal business N.Y. (SSNY) on 6/15/07. Office location: NY Investment Advisors, LLC. Authority filed may be served. DE address of LLC: 1209 Yellowstone Drive, Old Bridge, New Jersey address of the LLC: c/o United American County. SSNY designated as agent of LLC with Secy. of State of NY (SSNY) on 7/24/07. Orange St., Wilmington, DE 19801. Arts. 08857. Purpose: For any lawful purpose. Land, LLC, 430 W. Broadway, 3rd Fl., NY, NY upon whom process against it may be Office location: NY County. LLC formed in of Org. filed with DE Secy. of State, 401 10012. Purpose: any lawful activity. served. SSNY shall mail process to: c/o Notice of Formation of PH II Realty Associates Delaware (DE) on 3/23/07. SSNY designated Federal St., Dover, DE 19901. Purpose: all Eastern Property Associates, LLC, 194 W. LLC, Art. of Org. filed Sec'y of State (SSNY) as agent of LLC upon whom process against lawful purposes. Notice of Formation of JASON 2 LLC. Arts. of 1/11/01. Office location: NY County. SSNY it may be served. SSNY shall mail process 10th St., L-1, NY, NY 10014, Attn: Joseph Org. filed with NY Dept. of State on 9/6/07. designated as agent of LLC upon whom to: Kirkpatrick & Lockhart et al, Attn: Holly D. Edery. Purpose: any lawful activity. Office location: NY County. Secy. of State process against it may be served. SSNY shall Hatfield, Esq, 599 Lexington Ave., NY, NY designated as agent of LLC upon whom mail copy of process to Kenneth J. Rosen, 10022-6030 . Address of principal office: 301 Notice of Formation of Integrated Technology process against it may be served and shall Coming Up Esq., 67 Wall St., 19th Fl., NY, NY 10005. East 75th St., Ste 16E, NY, NY 10021. Arts. of Systems NYC LLC. Authority filed with New mail process to the principal business address Purpose: any lawful activities. Org. filed with DE Secy. Of State, 401 Federal York Dept. of State 1/10/06. Office location: St., Ste 4., Dover, DE 19901. Purpose: any of the LLC: c/o United American Land, LLC, New York County. LLC formed in Delaware on the Calendar 430 W. Broadway, 3rd Fl., NY, NY 10012. Notice of Qualification of KFGF Management, lawful activities. (DE) on 12/21/05. Sec. of State designated Purpose: any lawful activity. LLC. Authority filed with Secy. of State of as agent of LLC upon whom process against N.Y. (SSNY) on 8/1/07. Office location: NY Notice of Qualification of Haven Avenue it may be served. Sec. of State shall mail County. Principal business location: 787 Owner LLC. Authority filed with Secy. of State Notice of Qualification of Blackstone TT Fund process to: 509 Madison Ave. Suite 1200, NY, October 8th Seventh Ave., 6th Fl., NY, NY 10019. LLC of N.Y. (SSNY ) on 6/18/07. Office location: L.P., App. for Auth. filed Sec'y of State (SSNY) NY 10022. DE address of LLC: 3500 South formed in Delaware (DE) on 6/27/07. SSNY NY County. Principal business location: c/o 5/24/07. Office location: NY County. LP org. in DuPont Highway, Dover, DE 19901. Cert. of Small Business designated as agent of LLC upon whom Vantage Properties, LLC, 750 Lexington Ave., DE 5/21/07. SSNY designated as agent of LP Formation filed with DE Sec. of State, P.O. process against it may be served. SSNY shall NY, NY 10022. LLC formed in Delaware (DE) upon whom process against it may be served. Box 898, Dover, DE 19903. Purpose: Any mail process to: c/o Corporation Service on 3/19/07. SSNY designated as agent of LLC SSNY shall mail copy of process to Attn: J. lawful activity. Company (CSC), 80 State St., Albany, NY upon whom process against it may be served. Tomilson Hill, 345 Park Ave., NY, NY 10154. October 15th 12207. DE address of LLC: c/o CSC, 2711 SSNY shall mail process to: c/o Corporation DE office addr.: c/o CSC, 2711 Centerville Rd., Notice of Formation of 142 Wooster Street Centerville Road, Ste. 400, Wilmington, DE Service Company, 80 State St., Albany, NY Wilmington, DE 19808. Cert. of LP on file: LLC, Art. of Org. filed Sec'y of State (SSNY) Holiday Party Guide 19808. Arts. of Org. filed with DE Secy. of 12207. DE address of LLC: The Corporation SSDE, Townsend Bldg., Dover, DE 19901. 7/19/07. Office location: NY County. SSNY State, 401 Federal St., Ste. 4, Dover, DE Trust Company, 1209 Orange St., Wilmington, Name/addr. of each gen. ptr. avail. at SSNY. designated as agent of LLC upon whom 19901. Purpose: any lawful activity. DE 19808. Arts. of Org. filed with DE Secy. of Purpose: any lawful activities. process against it may be served. SSNY shall State, 401 Federal St., Dover, DE 19901. mail copy of process to c/o Nat. Reg. Agents, October 22nd Notice of Qualification of 2500/2700 Purpose: any lawful activity. Notice of Qualification of GII Fund L.P., App. 875 Ave of the Americas, Ste. 501, NY, NY Westchester Avenue SPE LLC. Authority filed for Auth. filed Sec'y of State (SSNY) 6/13/07. 10001, the Reg. Agt. upon whom proc. may Health Care with Secy. of State of N.Y. (SSNY) on 1/18/07. NOTICE OF FORMATION OF Cocktail Caterers Office location: NY County. LP org. in DE be served. Purpose: any lawful activities. Office location: NY County. LLC formed in LLC. Arts. of Org. filed with the Secy. of State 6/11/07. SSNY designated as agent of LP Delaware (DE) on 12/20/06. SSNY designated of NY (SSNY) on 6/8/2007 Office location upon whom process against it may be served. Notice of Formation of Paramount Fee Mezz, as agent of LLC upon whom process against NEW YORK County. SSNY has been designated SSNY shall mail copy of process to Attn: J. LLC, Art. of Org. filed Sec'y of State (SSNY) To place your classified it may be served. SSNY shall mail process to: as agent upon whom process against it may Tomilson Hill, 345 Park Ave., NY, NY 10154. 8/21/07. Office location: NY County. SSNY 625 Reckson Plaza, Uniondale, NY 11556. DE be served. SSNY shall mail process to: 875 DE office addr.: c/o CSC, 2711 Centerville Rd., designated as agent of LLC upon whom ad call John Gallagher address of LLC: 1209 Orange St., Wilmington, Avenue of the Americas, Suite 501. New York, Wilmington, DE 19808. Cert. of LP on file: process against it may be served. SSNY shall DE 19801. Cert. of Form. filed with DE Secy. NY 10001. Principal business Location: 416 SSDE, Townsend Bldg., Dover, DE 19901. mail copy of process to Nat. Reg. Agents, 875 @ 212-210-0189 of State, P.O. Box 898, Dover, DE 19903. West 23rd Street, 4B , NY, NY 10011. Purpose: Name/addr. of each gen. ptr. avail. at SSNY. Ave of the Americas, Ste. 501, NY, NY 10001. Purpose: any lawful activity. any lawful act. 891443 Purpose: any lawful activities. Purpose: any lawful activities.

56 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 25 9/28/2007 11:57 AM Page 1

THE WEEKS AHEAD

THIS WEEK’S EVENTS (212) 387-0494 or (212) 264-4507 or [email protected]. (212) 210-0739 or [email protected]. OCTOBER 2 [email protected]. OCTOBER 10 www.newyorkbusiness.com/events. OCTOBER 18 Networking for Professionals holds OCTOBER 10 Industrial and Technology Assistance Manhattan Chamber of Commerce networking reception. 6:00 p.m. to 8:00 Institute of Real Estate Management, Corp. holds workshop on lean OCTOBER 15-21 holds networking reception. 5:30 p.m. to p.m., Barna, 365 Park Ave. South. Fee: greater New York chapter, holds lunch manufacturing. 9:30 a.m. to 4:30 p.m., OCTOBER 17 8:00 p.m., Club 101, 101 Park Ave. Fee: $10 members and $15 nonmembers in meeting on the operational 253 Broadway, suite 302. Fee: $95. New York Commercial Real Estate $25 members and $35 nonmembers in advance; $20 for all at door. responsibilities of the Federal Reserve (212) 442-2990 or [email protected]. Women Inc. holds program on the advance; additional $5 for all at door. (212) 227-6556 or Bank of New York. 11:30 a.m. to 1:30 OCTOBER 11 development of Hudson Yards. 6:00 (212) 473-7805 or [email protected]. p.m., New York Helmsley Hotel, 212 E. Crain’s New York Business holds p.m. to 8:00 p.m., Harvard Club, 27 W. [email protected]. OCTOBER 2 42nd St. Fee: $65 members, $130 networking breakfast and program with 44th St. Fee: $50 members, $75 New York Public Library’s Science, nonmembers. (212) 944-9445 or Avi Schick, chairman of the Lower nonmembers. (212) 499-6566 or OCTOBER 22-28 Industry and Business Library holds [email protected]. Manhattan Development Corp. 8:00 [email protected]. OCTOBER 22 lecture on financial plans. 5:30 p.m. to OCTOBER 10 a.m. to 9:30 a.m., Hilton New York, OCTOBER 17 Financial Women’s Association holds 7:00 p.m., 188 Madison Ave., room 018. Score NYC holds seminar on e- 1335 Sixth Ave. Fee: $65. Japan Society holds program on information session on transitioning Free. (212) 592-7000. commerce for small businesses. 10:00 multilateralism in Asia. 5:30 p.m. to your career to nonprofits. 5:45 p.m. to OCTOBER 2 a.m. to 1:00 p.m., New York Public More meetings online at 8:15 p.m., 333 E. 47th St. Fee: free for 8:00 p.m., Alliance Française, 22 E. 60th National Speakers Association holds Library’s Science, Industry and Business www.newyorkbusiness.com members, $15 nonmembers, $10 for St. Fee: $35 members, $45 nonmembers. meeting on making and selling Library, 188 Madison Ave., lower level. Click on “Events” academics or members of government. (212) 533-2141. information products. 6:00 p.m. to 9:00 Fee: $40 in advance, $50 at door. (212) 715-1247 or —adrianne pasquarelli p.m., Media Training Worldwide, 110 W. 40th St., suite 203. Fee: $20 members, $40 nonmembers. (212) 724-8782. OCTOBER 3 Five O’Clock Club’s Executive Job Search Group holds seminar on shortcutting the job search. 6:30 p.m. to 8:30 p.m., 11 Penn Plaza, fifth floor. Fee: $50. (914) 788-5482 or [email protected]. OCTOBER 4 Magazine Publishers of America holds digital matters forum. 12:00 p.m. to 2:00 p.m., 810 Seventh Ave., 24th floor. Fee: $125 members, $225 nonmembers. (212) 872-3733 or [email protected]. OCTOBER 4 South Asian Women’s Leadership Forum holds program with Mira Kamdar, author of Planet India. 5:30 p.m. to 8:30 p.m., J.P.Morgan Private Bank, 345 Park Ave., 11th floor. Fee: $30. (704) 277-8893 or [email protected]. OCTOBER 4 ’s Small Business Development Center holds workshop on business planning. 5:30 p.m. to 7:30 p.m., 163 William St., 15th floor. Free. (212) 618-6655 or [email protected]. OCTOBER 5 Magnificent Women Organization holds conference on the art of personal branding. 8:00 a.m. to 2:00 p.m., Helen Mills Theatre, 137-139 W. 26th St. Fee: $197.(678) 315-9718 or [email protected]. OCTOBER 5 York College/CUNY holds executive leadership breakfast. 8:00 a.m. to 9:30 a.m., 94-20 Guy R. Brewer Blvd., faculty dining room, Jamaica, Queens. Free. (718) 282-3810 or [email protected]. OCTOBER 8-14 OCTOBER 9 NYC Business Solutions holds seminar on how and where to get financing. 10:00 a.m. to 12:00 p.m., 110 William St. Free. (212) 618-8862. OCTOBER 9 State Bank of Long Island holds seminar on equal employment opportunity: issues and updates. 8:00 a.m. to 9:30 a.m., Yale Club, 50 Vanderbilt Ave., Saybrook Room. Free. (516) 240-6220 or [email protected]. OCTOBER 10 Smith Barney holds workshop on small business. 6:00 p.m. to 7:00 p.m., 1 Penn Plaza, 43rd floor. Free. (212) 643-5703 or [email protected]. OCTOBER 10 Acción New York holds seminar on starting a home-based business. 6:00 p.m. to 8:00 p.m., 290 Lenox Ave. Free. MAKING A CASE FOR TEAMWORK. Ellen L. Shapiro One Chase Manhattan Plaza, 35th Floor TO LIST YOUR EVENT New York, NY 10005-1417 Listings can be submitted only through the Crain’s T 212.440.4400 F 212.440.4401 Web site. To submit a calendar listing, go to www.newyorkbusiness.com and click on “Events.” Sponsors have a choice of several free or paid list- CALIFORNIA :: DELAWARE :: FLORIDA :: NEW JERSEY :: NEW YORK :: PENNSYLVANIA :: VIRGINIA :: WASHINGTON, DC ing options. All business events will be posted online within two business days.

October 1, 2007 | Crain’s New York Business | 57 CNYB 10-01-07 regular book 26 9/28/2007 5:34 PM Page 1

WEEK IN REVIEW For daily news updates, go to www.NewYorkBusiness.com Vault.com sells ECONOMIC SPOTLIGHT majority stake private equity firm Veronis Suhler Stevenson said it will acquire a majority stake in Vault.com Inc., a publisher of college and career search content. Erik Sorenson, former president of MSNBC, will become chief executive of Vault.com. Port Authority to cut 100 jobs the port authority of New York and New Jersey said it would eliminate 100 jobs, or approximate- ly 1% of its workforce, as part of a long-term effort to cut costs.The agency said the positions are primarily managerial and Bear surges on Buffett talks administrative. BEAR STEARNS COS.’ stock surged 7.7% in one day on talk that billionaire investor WARREN BUFFETT (above) was close EEOC sues Tavern to buying a stake in the struggling Wall Street firm. Bear has the u.s. equal Employment Opportunity Commission sued been trying to revive earnings and its stock price since mid- Tavern on the Green for Economy Watch June, when two of its hedge funds failed because of bad discrimination based on gender, race and national origin.The suit The NY area price index posted its first month-to-month drop since last No- bets on mortgage-backed securities. The firm’s stock has claims the restaurant failed to vember, and the lowest 12-month rise since the period ended in June 2002. dropped more than 24% from the start of the year. address accusations of racial bias JULY ’07 AUGUST ’07 COMPARISON ap images by former director of operations NY area inflation change +0.2% -0.1% +1.9%1 Bloomberg LP Leon Drogy, and retaliated against NYCunemployment rate 5.7% 5.7% 4.6%2 to secure 47.6% of OMX’s shares. employees who spoke out. AUGUST JOB TOTAL3 12-MONTH CHANGE faces lawsuit NYCemployment Cash for diamonds 3,704,800 +55,700 bloomberg lp was sued by the Bristol-Myers 1-Inflation rate for the latest 12-month period. 2-U.S. unemployment rate. 3-Not seasonally Equal Employment Opportunity jewelry retailer Finlay acquires Adnexus adjusted. Commission for discriminating Enterprises Inc. agreed to buy the against women who became Bailey Banks & Biddle division of bristol-myers squibb co.said it NYC Hotel Stats Broadway Stats pregnant and took maternity leave. Zales Corp. for $200 million, will acquire Adnexus Therapeutics The lawsuit accuses the news and sending Finlay’s stock up as much for $430 million to advance its role Average room rates and occupancy In the week ended 9/23, attendance financial services company of as 55% in one day. Finlay expects in biologics and cancer treatment. figures took a downward turn in July, and gross started edging out of their replacing, demoting and reducing Bailey Banks & Biddle to Adnexus, which will become a PKF Consulting data show. Aver- mid-September lull, The League of the pay of women after they contribute up to $300 million in subsidiary of Bristol-Myers, will ages for the first seven months of American Theatres and Producers announced they were pregnant. additional revenue for 2009. remain in Waltham, Mass. 2007 were above year-earlier levels, says. For the season to date, levels at $270.28 and 85.1%, respectively. were up 8% and 8.6%, respectively. Morgan settlement Sweet victory morgan stanley will pay $12.5 for Domino factory million to settle claims by the Financial Industry Regulatory the domino Sugar Refinery Authority that its Dean Witter Building, which was shuttered in subsidiary failed to provide emails 2004, received landmark status related to pending arbitration from the Landmarks Preservation

bloomberg news cases.The firm had claimed the Commission.The designation will THE MTA has two proposals for fare hikes. information was destroyed during not affect Community Preservation the Sept. 11 terrorist attacks. Corporation Resources’ plans to Fare hike options develop 2,200 apartments on a site Delta adds flights surrounding the Brooklyn refinery. the metropolitan Transporta- —from staff reports and tion Authority outlined two delta air lines will add 14 bloomberg news reports proposals for subway fare hikes— international routes at John F. Capital IQ’s Weekly Deals Report each raising single-ride fares by a Kennedy International Airport to quarter to $2.25. One plan meet increased demand.The TRANSACTION SIZE COMPANY/LOCATION (in millions) BUYER/INVESTOR TRANSACTION TYPE preserves current discounts but airline will reduce peak-hour increases the unlimited-card fare flights while increasing flights EDO Corp. $1,571.5 ITT Corp. SB M&A Manhattan by 4%.The other increases the with larger planes. American Express Bank $1,160.0 Standard Chartered plc SB M&A cost of unlimited cards by up Manhattan to 8%, but offers a cheaper off- OANDA Corp. $100.0 New Enterprise Associates, T. Rowe GCI peak fare. Jones Apparel Manhattan Price Group Inc., Cascade Investment, Legg Mason Inc. ratings slashed Mimeo.com Inc. $25.0 Goldman Sachs Principal Strategies GCI Nasdaq, Borse moody’s investors service Manhattan Group, Draper Fisher Jurvetson, Draper Fisher Jurvetson Gotham up OMX bid dropped its ratings on Jones Ventures, HarbourVest Partners, Apparel Group Inc. into junk Hewlett-Packard Co. nasdaq and borse dubai raised territory, citing challenges in the Delcath Systems Inc. $14.2 Not disclosed GCI their bid for Sweden’s OMX retailer’s wholesale and retail Manhattan exchange by 15% to $4.9 billion in businesses.The company recently Selected deals announced during the week of Sept. 16 for companies headquartered in metro New response to a rival bid from a sold Barneys New York for $362 York. GCI: 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 group from Qatar. Nasdaq and million, but it remains saddled with

shares of a company without the participation of a financial buyer. Borse Dubai also entered a host of lackluster department bloomberg news

bekka lindström bekka agreements with key shareholders store lines (Crain’s, Sept. 10). THE DOMINO BUILDING is a landmark.

58 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 27 9/28/2007 11:27 AM Page 1

BUSINESS CORPORATE LADDER Getting jazzed about gig at Lincoln Center PAGE 61 buck ennis

GOTHAM GIGS Leaf peeper MARY PAT DRISCOLL, 48, Joys of the (fall) season captains the 80-foot yacht Manhattan, operated by Classic Harbor Line. She conducts fall foliage tours up Six local getaways the , earning roughly $30 an hour. for relaxing, family fun LIFE AQUATIC Ms. Driscoll got her captain’s license 15 years and more ago, after spending over a decade with the Coast Guard Reserve. “I always loved being around the water,” says the native of Rochester, N.Y.The $85 tours—four hours to the Palisades and back—run through early November. She embroiders and sells Irish dance costumes in the off- season. AT THE HELM She and her three-person crew usually have about 40 passengers. Ms. Driscoll steers while offering commentary, but sometimes she turns the wheel over to her mates to mingle with clients. NATURAL BEAUTY The water near the Palisades is her favorite. “You see very little man-made interference,” Ms. Driscoll says. “The cliffs, the trees and the calmness of the river there are very beautiful.” —adrianne pasquarelli EXPERT OPINIONS HOW CAN I CELEBRATE OKTOBERFEST? though oktoberfest traditionally runs for two weeks, from the end of September through the first weekend in October, New York City starts later because most Americans believe it’s GUESTS OF THE SPA AT NORWICH INN can celebrated only in October. luxuriate in a body wrap, Zum Schneider, a Bavarian then take in afternoon tea outdoor beer garden, is one of and a wine tasting. the places New Yorkers can go to party as they do in Munich. This means marking the THE STATS occasion with special Bavarian BY LOUISE KRAMER AVERAGE AREA TEMPS beers, roast chicken, pork IN EARLY OCTOBER shank, cheese spread and ummer ended too quickly this year for many New Yorkers, who were sausages. I encourage people forced to abandon the beach to battle waves of bad economic news. to dance and conduct their With fall filling up with more gloomy financial reports, it may come as a own sing-alongs. Get a couple pleasant surprise that next Monday is Columbus Day—a chance for a of people together and 67HIGH celebrate in your break. Following are six suggestions for weekend getaways within 150 lederhosen. miles of Manhattan that will let you glory in autumn’s beauty and shed —sylvester some city-induced stress. If you can’t spare the whole weekend, at least schneider Owner treat yourself to a day of leaf peeping. Check out www.iloveny.com/foliage See FALL WEEKEND on Page 60 Zum Schneider to catch trees’ fall finery at its peak. 47LOW istockphoto S October 1, 2007 | Crain’s New York Business | 59 CNYB 10-01-07 regular book 28 9/28/2007 11:33 AM Page 1

BUSINESS LIVES

ing, where you can front parking spot is tough during shed your New the summer, it’s not a problem in Fall weekend getaways York stress with af- October. And getting there on New ternoon tea and Jersey Transit takes just an hour and Continued from Page 59 for public viewing. No visit is com- tional chain, has wine tastings. 15 minutes from Penn Station. plete without seeing nearby Olana, built-in crowd con- A member of Filled with Victorian-era inns The art of time the Persian-influenced home of trol: Users must be the Historic Ho- and bed and breakfasts,Spring Lake Frederick Church, a leader of the staying at the resort, tels of America,the provides a cozy spot for quiet pleas- in Hudson River School, the land- which comprises Georgian-style inn ures like cycling—most hotels offer oak up some contemporary scape art movement of the mid- 401 suites. sits on 42 acres, bikes gratis—or reading a book in a culture in Hudson,N.Y.,while 19th century. Many activities with plenty of trees wicker rocker on the porch. Sgoing back in time. To find lodging, go to here can be enjoyed for leaf peeping. The leaves will soon be turning A once-forlorn river town two www.columbiacountylodging.com. together or sepa- Rooms in the main on the tree-lined streets, and if the hours north of Manhattan,Hudson’s One Hudson pick is Union Street rately—from the building boast ocean isn’t enough, there is indeed a mile-long main street, lined with Guest House. Available rooms start Aveda spa to bed- four-poster beds lake in the center of town, complete 19th-century buildings, has become at $225. And you don’t need a car: time story-telling and a floral decor, with foot bridges and edged with a magnet for antique dealers and The train station is near the center and role-playing while adjacent vil- weeping willows. artists,many of them New York City of town. game MagiQuest. POOL TIME at the Spa at Norwich Inn. las have fireplaces Warning: Spring Lake wears a refugees. The town offers a thriving Holiday week- and kitchenettes. lot of chintz, and it shuts down ear- restaurant and live-music scene, as ends book up fast, Pad around all ly. For dinner, try Island Palm Grill well the annual ArtsWalk festival, Poconos, beyond but keep checking for availability. day in a spa robe and slippers,or pick on Third Avenue, the main com- which runs through Columbus Day. the honeymoon Rates begin at $329, including four up the pace with the 2.5-mile morn- mercial street. It’s BYOB, and the Now in its 13th year, ArtsWalk water park passes;there’s a two-night ing walk, led by a fitness instructor. chef is a veteran of Bobby Flay’s has grown to feature open and juried orget heart-shaped bath- minimum if a stay includes a Sat- The Mashantucket Pequot Trib- Mesa Grill in Manhattan. Visit exhibits from regional artists,includ- tubs and red satin sheets. The urday night. For additional infor- al Nation, owners of the nearby ing a show in a former cannonball FPocono Mountains have be- mation, visit www.greatwolf.com/ Foxwoods Resort and Casino, factory and dance performances— come downright family-friendly.To locations/poconos. bought the Norwich Inn in 1994. all free. ArtsWalk has plenty for kids make a big splash with the kids, Can’t stand the snail’s pace? Golf this year,too,like an art treasure hunt head to the Great Wolf Lodge in and gambling are a short drive away. on Oct. 6. Scotrun, Pa., less than two hours by Blissful fitness Fall rates start at $252 a room, in- Many car from the city. in cluding tax. For information, go to local artists Once you’ve shed all vestiges of www.thespaatnorwichinn.com. open their New York cool, you may have as here’s no starbucks at the studios,and much fun as your children splashing Spa at Norwich Inn, in Nor- Celebrating the local around the two-year-old resort’s Twich,Conn.,but there’s plenty of chapter of huge indoor water park. It has 11 coffee—like ground Arabica beans America’s pastime the Daugh- water slides, including fast-paced used in an exfoliation process and ters of the tubes that wind through the park green-coffee extract as a component f you didn’t get enough dur- RIGHTFULLY NAMED: Spring Lake’s lake. American and gentler ones for younger kids. in a cellulite-busting body wrap. ing the regular season, head up- Revolution The six pools include one with big Such treatments are among Istate to the Baseball Hall of Fame makes its waves and a whirlpool for adults dozens of services offered for men and Museum in Cooperstown. www.historicinnsofspringlake.com, collection who need a break. and women, from facials to fitness Crowds are manageable at the which offers 11 lovely lodging se- of Civil War Though many water parks are classes, at this spot 113 miles from hall—still fresh from a $20 million lections, including Ocean House, ARTSWALK in historic memorabil- swamped with splash-happy visi- midtown. The facility is a modern renovation completed in 2005—in where room rates start at $143.75. Hudson, N.Y. ia available tors, this one, part of a growing na- contrast to the historic main build- the autumn. Vibrant foliage is an- other reason to visit this sports shrine about 144 miles from Man- Locate the elusive hattan, on the edge of Lake Ostego inner peace between the Catskill and Adiron- dack mountains. The Third Annu- f you really need to relax,head THIS IS OUR MARKET... al Baseball Hall of Fame Fantasy to Kripalu Center for Yoga and Camp starts Oct. 5. IHealth in Lenox,Mass.A special A visit to the museum can claim plus is breakfast, where guests are a whole day. Those who can’t take asked not to speak. that much trivia have other options: The center, in a former Jesuit golf, a farm museum and the Feni- monastery on 150 wooded acres more Art Museum, home to noted about 120 miles from Manhattan, collections of American folk and offers hundreds of specialized pro- Indian art as well as paintings by the grams on topics as diverse as stress likes of Grandma Moses, Gilbert reduction, singing and watercolor Stuart and Thomas Cole. Folk Art painting—everything connecting on Fire, a special exhibit, celebrates back to yoga. the bravery and camaraderie of The “retreat and renewal” pro- 19th-century firefighters. gram lets you select from a menu of The Otesaga Resort Hotel, built yoga classes and sessions on well- in 1909, is a grande dame. Rooms ness, self-awareness and personal start at $478 a night, including growth. There’s a full-service spa breakfast and dinner for two,tax and with “healing arts” treatments, like gratuity;tack on $50 for a child aged stone massages,and plenty of hiking seven to 18. For reservations, go to paths. www.otesaga.com. Meals are served buffet style in a dining room with tables reminis- A different kind cent of a high school cafeteria. Admit One, the trusted source for the acquisition and sale of live event tickets for over 20 years… The menu is mostly vege- On the Buy side and Sell side — we offer our clients true market value, secure transactions and dependable service. of beach day tarian, with some poultry Let Admit One connect you and your clients to the events that matter. and fish—a concession to NFL MLB ow key by the sea is omnivores. Call today, our market makers are standing ready to BUY or SELL all regular season and playoff tickets. the vibe at Spring Rooms are spare; some LLake, N.J., in the fall. are dormitory-style.A double (646) 307-4239 Take in the fresh salt air along starts at $286 a person,includ- this quaint spot’s two-mile ing three meals. For reserva- www.admitone.com boardwalk, which is remark- GET YOUR tions, go to www.kripalu.org. email: [email protected] ably free of the taffy om on at For a fancier Lenox re- 1412 Broadway, New York, NY shops and souvenir Kripalu. treat, take a look at emporiums that are so Canyon Ranch (www. SPORTS •THEATER •CONCERTS common in other canyonranch.com/lenox). On the Bloomberg Terminal: Type TIXX or email [email protected] towns “down the shore.” While finding an ocean- COMMENTS? [email protected] istockphoto 60 | Crain’s New York Business | October 1, 2007 CNYB 10-01-07 regular book 29 9/28/2007 5:32 PM Page 1

BUSINESS LIVES CORPORATE LADDER Adrian Ellis Thinking man’s hep cat Jazz at Lincoln Center landed him,” says Ben Cameron, program director for the arts at the PERSONNEL FILE scores coup by hiring Doris Duke Charitable Founda- tion. “He is among the most rigor- ORGANIZATION Jazz at Lincoln renowned consultant; ous thinkers about the performing Center fine-tuning needed arts in the entire world—if not the TITLE Executive director most rigorous.” AGE 51 BY MIRIAM KREININ SOUCCAR An easy decision RÉSUMÉ President of AEA mr. ellis was originally hired by Consulting n his 17 years as an interna- Jazz at Lincoln Center as a consult- tionally known arts consult- ant to create a strategic plan for the FAVORITE RESTAURANT Rack & ant, Adrian Ellis has worked organization after its $131 million, Soul, on Broadway and West with institutions like the Na- 100,000-square-foot facility opened 109th Street tional Gallery in London and in the Time Warner Center in fall of PERSONALITY TYPE Type A IThe Frick Collection in Manhattan. 2004. When he was offered the top He turned around the flailing San job,he says,it took him all of 30 sec- Francisco Opera and helped execu- onds to make the decision to take it. deficit and that no major overhaul is tives think through their decision He replaces Katherine Brown, who required. not to build a new home for the New recently resigned after 10 years with The most pressing issue, he says, York City Opera. the institution, the last two as exec- is building Jazz at Lincoln Center’s The invitation that finally per- utive director. meager $11 million endowment.

suaded Mr. Ellis to focus all his at- “After 17 years pontificating That will help the arts group reduce buck ennis tention and expertise on one place about organizations, the opportu- its reliance on renting out its halls came from a famed organization fo- nity to go back and actually run and allow it to present more of what in these halls leads to red ink, so vantage: They can be positioned as cused on jazz—an art form he has something is irresistible,” says Mr. it’s supposed to: jazz. Right now, we need more contributed income having a larger agenda linked to so- been passionate about since he was Ellis. the Rose Theater is used for the to do that.” cial change. a boy growing up in North Wales, Jazz at Lincoln Center has suf- institution’s jazz programs only Mr. Ellis, who started his career As for promoting the prolif- listening to the jazz hour on Voice of fered growing pains since it be- 25% of the time and The Allen in the arts by setting up the Design eration of the art form, Mr. Ellis America. Mr. Ellis, an economist by came the operator of three perform- Room,18%.Mr.Ellis hopes to dou- Museum in London, says it’s is already working on building fu- training and a former civil servant in ance halls, increasing its budget to ble the number of jazz programs in tougher these days to sell culture to ture audiences. He recently took the Thatcher administration, takes $38 million from $11 million in just the next five years. philanthropists, many of whom are his kids, aged 8 and 11, to Dizzy’s the reins as executive director of Jazz four years.It has blown through four pouring their resources into loftier Club Coca-Cola at Jazz at Lincoln at Lincoln Center today. top administrators in about seven Putting money where the music is pursuits, like eradicating diseases in Center. “Jazz at Lincoln Center is the years. However, Mr. Ellis says that “i want to turn the volume up on Africa. But among cultural institu- envy of the arts world because they the organization does not have a jazz,” he says. “But presenting jazz tions,jazz organizations have an ad- COMMENTS? [email protected] BUSINESS BREAKFAST FORUM YOUR PRIVATE TERRACE MEET LOWER MANHATTAN’S DEVELOPMENT CHIEF unique opportunity overlooking Penn Station

Avi Schick, Chairman of the Lower Manhattan Development Corporation, will discuss developments at the World Trade Center and other projects under way downtown. He will be questioned by Crain’s editor Greg David and another journalist. Avi Schick

DATE: THURSDAY, OCTOBER 11, 2007

PLACE: HILTON NEW YORK 1335 Avenue of the Americas between 53rd and 54th streets

TIME: Networking Breakfast 8:00–8:30 a.m. Program 8:30–9:30 a.m.

COST TO ATTEND: $65 for individual ticket(s) $600 for table(s) of ten if pre-registered by Oct 4th if pre-registered by Oct 4th $70 thereafter. $700 thereafter. 12,500 SQ. FT. ON THE TOP FLOOR IS NOW AVAILABLE FOR LEASE To register go to newyorkbusiness.com, or fax your business card and credit card information to “Schick Breakfast” at 212-210-0499. 8,000 sq. ft. private terrace • Up to 19’ ceilings • Skylights Unobstructed river-to-river views • Steps to Penn Station, 1,2,3,9, A, C and E subway lines You must be pre-registered to attend these events. All tickets are non-refundable. For more information, call the Events Hotline at 212-210-0739. Peter Turchin Eric Deutsch Jason Pollen Zachary Freeman 212.984.8364 212.984.8284 212.984.6675 212.984.6609 SPONSORED BY: [email protected] [email protected] [email protected] [email protected]

October 1, 2007 | Crain’s New York Business | 61 CNYB 10-01-07 regular book 30 9/28/2007 12:00 PM Page 1

REPORT Like your home, EXECUTIVE MOVES ACCOUNTING & CONSULTING Greenberg Traurig: John W.Weiss,34, Friedman: David Schneyman,45,was joined as shareholder. He had been an promoted to director of affordable associate at Latham & Watkins. housing taxation, a newly created Kirkpatrick & Lockhart Preston Gates your mortgage should rest position, from tax manager. Ellis: Andrew Morrison, 44, joined as Schonbraun McCann Group: Philip L. partner. He was formerly a partner at Brady, 48, joined as senior tax partner. Reed Smith. He had been chief financial officer and tax director at Zerep Holdings. MEDIA & ENTERTAINMENT on a solid foundation. Cartoon Network: William Blair,39,was ADVERTISING & COMMUNICATIONS appointed vice president, ad sales CBX: Todd Maute, 44, joined as senior promotions and marketing. He had been vice president and partner. He had been vice president of divisional partnerships vice president of marketing at Daymon at Time Warner Global Media Group. Worldwide. Advertising Sales: Sara Cubitt Jacobs & Prosek Communications: Kaliski, 31, was promoted to vice At BNY Mellon Wealth Management, Brian Hickey, 49, joined as managing president, online advertising sales, from director. He was formerly principal and director, online advertising sales. head of professional and financial One, A Magazine: Yash Egami, 35, was we keep our mortgage loans in our own portfolio. services at Walek & Associates. promoted to editor in chief from OgilvyAction: Michele Colombo, 47, was managing editor of the One Club This means we are able to customize promoted to managing director and publication. continues as executive vice president and ShowBizCafe.com: Jack Rico, 33, joined as managing partner. editor in chief. He had been weather and our mortgages to each client situation, entertainment anchor at ARCHITECTURE & DESIGN WXTV/ 41’s Al Despertar. approve and close loans quickly, and provide clients HDR Architecture Inc.: Stanley Stark,59, joined as vice president and national REAL ESTATE director of life sciences. He was formerly Brown Harris Stevens: Shlomi Reuveni, with peace of mind – in any market environment. contributing editor at R&D Magazine. 40, joined as executive vice president and TSC Design: Wey Lee, 58, joined as chief senior managing director. He was Our experienced mortgage specialists operating officer. He had been a senior formerly a real estate broker at The associate at Ted Moudis Associates. Corcoran Group. Massey Knakal Realty Services: Jessica will work with you and your advisors to FINANCE & INSURANCE Paindiris, 24, joined as director of Jefferies & Co.: Brian S. Shipman, 38, marketing, a newly created position. She recommend a program that recognizes joined as senior equity research analyst. had been an account executive at Cason He had been senior publishing and Nightingale Creative Communications. advertising analyst at UBS. The Richman Group: Michael W. Gilliard, your unique needs, tax situation, RREEF Private Equity: Adam Graev,34, 29, joined as vice president of joined as a director, DB Secondary development, a newly created position. and liquidity requirements. Opportunities private equity fund. He He had been senior project manager, was formerly a vice president at Pomona development, at The Bluestone Capital. Organization Inc. —adrianne pasquarelli HIGH TECH & NEW MEDIA and sarah studley Digitas: Todd Stanley, 39, joined as senior vice president, marketing. He was EXECUTIVE PROMOTIONS formerly president of the Toronto office at Lowe Worldwide. Crain’s lists the promotion and hiring of New York area senior executives on a space-available basis, There can be stability, even in today’s mortgage market. LAW with priority given to positions in New York City. Cadwalader Wickersham & Taft: Dorothy The fastest way to get an announcement into We invite you to claim a piece of it by contacting Auth, 45, joined as special counsel. She Crain’s is to submit details online by filling out the had been a partner at Morgan & form at www.NewYorkBusiness.com/submit. Erin M. Gorman, Managing Director, Finnegan. The Executive Moves column is also available John Moehringer, 40, joined as special online. at 1-800-446-0278 or [email protected]. counsel. He had been a partner at Crain’s cannot confirm receipt of listings or say Morgan & Finnegan. when they will appear.

HOT JOBS Across market cycles. Over generations. Beyond expectations. The Practice of Wealth Management.® WANTED: CHIEF EXECUTIVE COMPANY Marsh Inc. JOB DESCRIPTION Oversee operations at the insurance subsidiary of Marsh & McLennan Cos. MOST IMPORTANT TASK Replacing $800 million in annual fees lost from a 2004 bid-rigging scandal CREDENTIALS NEEDED Proven management experience SALARY Former CEO made $3.5 million in total cash compensation in Investment Management 2006 Wealth and Estate Planning RECRUITER Internal Private Banking and Finance UPSIDE Manage the flagship unit, which accounts for 50% of total Family Office Services revenues Business Banking DOWNSIDE Marsh has yet to recover from charges that it steered clients Charitable Gift Services to insurers that paid it hidden commissions Former CEO Brian Storms stepped down last month, after repeated attempts to revive the battered unit were unsuccessful. Michael www.bnymellon.com Cherkasky, president and CEO of Marsh & McClennan, is serving as interim chief executive. —KIRA BINDRIM

Mellon Bank, N.A. Member FDIC © 2007 The Bank of New York Mellon Corporation. CNYB 10-01-07 regular book 31 9/28/2007 12:07 PM Page 1

BUSINESS LIVES TABLE TALK by Bob Lape through it. Broth is ladled over the Africa and the Middle East and in- exciting Mediterranean-American grain, then vegetables and meats are cludes Moroccan, Algerian, cuisine. layered on top before the addition of Lebanese and Israeli bottles among seasoning—more broth blended the choices. Perhaps it’s a holdover Pera Mediterranean with harissa. Fun, and perfect for from the recent club activity at this Brasserie ½ sharing. Harissa is hot stuff, so it’s address, but vigorous markups are 303 Madison Ave. (between East better to start gently and crank up the rule, with many wines priced 41st and East 42nd streets), Man- the heat meter gradually. 300% or more above retail. hattan. (212) 878-6301. Great-look- One of the side dishes is cous- ing, friendly contemporary Turkish cous colored black with squid ink COMMENTS? [email protected] attraction with an emphasis on and complemented with dry raisins. tender grilled meats, mezes and Though its Moroccan prove- salads. nance is doubtful, the steak here, a BEST OF BOB LAPE 16-ounce cut, is from the organic Featherstone Ranch in Texas and it’s Following are reviews of other out- terrific—served simply with of-the-ordinary restaurants. spinach, roast potatoes and lemon. Pan-seared salmon is another Anthos Strictly kosher gift baskets for the holidays, condolence, & year-round events. American offering, presented over 36 W. 52nd St. (between Fifth and www.kosherline.com • 888-567-4378 chick peas, fennel and tomato. Sixth avenues), Manhattan. Desserts ($9) hold delicate sur- (212) 582-6900. It’s Donatella prises, from grapefruit brûlée Arpaia and chef Michael Psilakis crowning wine granité to butter- (Dona) again as the chef bids to milk-based panna cotta and fresh gain for modern Greek cuisine the doughnuts with rosewater dip. same respect accorded French, Ital- The charming Mr. Zoughbi ian and Spanish cooking. works the floor, as he did earlier at San Domenico and La Goulue. His Axia Taverna service teammates pitch in seam- 18 Piermont Road, Tenafly, N.J. lessly; even the bartender will step (201) 569-5999. A highly appealing up to deliver food to tables if the new Greek restaurant from builder need arises.The overall helpful atti- Michael Parlamis, whose firm has tude is also a tribute to the profes- done a thousand of them. Designed sionalism of General Manager by Tony Chi, the location features Patrick Faup, a seasoned restaurant impressive modern cuisine and styl- man-about-town. ish surroundings. This is a first-rate party location.

buck ennis As small as the street-level restau- Amalia ½ NORTH AFRICAN NIGHTS: Lush decor and low seating add to the exotic experience of dining at rant may be, the lounge downstairs 204 W. 55th St. (between Broadway Azza Restaurant and Lounge. The midtown space was formerly home to a nightclub. accommodates 120 and has a DJ, and Seventh Avenue), Manhattan. state-of-the-art audiovisual equip- (212) 245-1234. A stunning new ment and a pool table. multilevel setting for chef Ivy Stark’s Azza’s wine list strives for multi- Organic road lateral representation of North to Morocco Autumn is read in the dim light, so pocket Meze, couscous flashlights are useful here. dishes are highlights The small-plate meze ($5 to $12) are fresh and flavorful, with Now Open at Azza; wine list highest marks going to savory “ci- gars,” phyllo-like cylinders stuffed carries hefty markups with tangy goat cheese and spinach; AZZA RESTAURANT grilled baby octopus with mint and AND LOUNGE n the same place Fizz fiz- lemon;and seared slices of yellowfin 137 E. 55th St. Time Out New York zled, Azza offers exotic, ro- tuna over mâche salad with harissa (at Lexington Ave.) mantic pizzazz and even sauce.Only a stone-cold of lamb (212) 755-7055 Crain’s New York Business razzmatazz. sliders marred the picture. Fizz, a members-only Mr. Ferdinand is bullish on local Isupper club and lounge,went flat af- farms and taps many for seasonal in- CUISINE French-Moroccan ter a short run in a duplex configu- gredients, which he deploys in sal- WINES 75 choices, 15 by the ration near the corner of Lexington ads and small dishes like beets with Avenue and East 55th. orange and yam fries served with glass Enter Algerian-born Djamal spicy ketchup. DRESS No code Zoughbi, French partner Thierry Sugar-dusted pastillas encase NOISE LEVEL Loud when full Pomies, and American chef Steven minced chicken or squab, eggs, can- Ferdinand. Their impressive cre- died almonds, cinnamon and more. PRICE RANGE $28-$36 ation is the place to go for the Mo- Tagines, the hat-shaped ceramic WINE MARKUP 100%-400% roccan medley of meze, couscous steamers of the Middle East, come and tagines. The fare is also stu- to the table heaped with vegetables, CREDIT CARDS All major diously organic. lamb, seafood or chicken. My fa- RESERVATIONS Azza meals play out in an almost vorite is the Couscous Royal,a giant Recommended magical setting designed in part by assemblage of lamb, chicken, mer- HOURS Dinner, Mon.-Sat., Jacques Garcia of the Rockwell guez sausage and vegetables. Last 5:30 p.m.-midnight Park Avenue Autumn Group. The 50-seat dining room is week’s seasonal selection was 100 E. 63rd at Park Avenue done in bold gold and red, and dec- tagine-cooked butternut squash. = Outstanding orated with Persian rugs and chan- Azza’s engaging staff explains = Excellent 212.644.1900 deliers from Egypt. Low seating is how a couscous dish is to be eaten. = Very good www.parkavenyc.com accented with pillows and cozy cor- The moist, nutty grain is spread on = Good ners for cuddling.Menus are hard to the plate, and a trough is shaped

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