And Louder NYC’S Tourism Biz Braces for Damage Citywide Minimums from Euro’S Tumble Sought Despite Armory PAGE 4 Fiasco, Mayoral Hostility

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INSIDE It’s Tea, TOP STORIES and no This trash collector sympathy, is piling on, even as for Albany —Alair Townsend the biggies pull out ® on the budget PAGE 2 mess. Page 11 New York & Co. taps VOL. XXVI, NO. 21 WWW.CRAINSNEWYORK.COM MAY 24-30, 2010 PRICE: $3.00 new CEO for fashion remake Living-wage PAGE 2 debate gets State tax breaks play starring role in broader— city’s film fade-out PAGE 3 and louder NYC’s tourism biz braces for damage Citywide minimums from euro’s tumble sought despite armory PAGE 4 fiasco, mayoral hostility

Forget about stocks BY DANIEL MASSEY or bonds or gold. a fierce debate over city-mandated Timber’s your bet wage levels that derailed the redevelop- IN THE MARKETS, PAGE 4 ment of the Kingsbridge Armory in the Bronx late last year is set to spread across the five boroughs.A bill that will force projects that receive any subsidies from the city to pay wages of at least $10 an hour plus benefits for all jobs they create is slated to be introduced in the City Council on Tuesday. The introduction will kick off a citywide push by a coalition of labor, com- See LIVING on Page 30

BUSINESS LIVES EXPANDING: Cathie ‘Shadow’ Black is launching GOTHAM GIGS new titles and bringing in fresh Wendy Wild is crazy. condos dim talent at Hearst. About radio, that is P. 33 G ANNE FISHER on how

redux sale outlook a teen entrepreneur’s boot camp works P. 33 G MOVERS & SHAKERS A Vast supply of units force behind Museum of African Art P. 34 lurking just off market G GAEL GREENE gets could slam prices tamed at The Lion P. 35 Hearst’s in the Black Mag trailblazer grows ads in a recession, BY AMANDA FUNG INDEX a little over two years ago,SDS Procida suspended plans to market The NEIGHBORHOOD JOURNAL ______7 although online is still a work in progress Dillon, its 83-unit Hell’s Kitchen con- THE INSIDER ______8 do, when residential real estate tanked.

SMALL BUSINESS ______9 magazine insiders, but she could just as well have Months later, it faced a second setback: BY MATTHEW FLAMM GREG DAVID ______12 been celebrating Hearst’s upbeat first half. the collapse of the project’s lender. Through a combination of long experience and With financing for The Dillon now in REAL ESTATE DEALS PLUS ______14 at a party atop The Standard Hotel last week, in steel nerves,the 66-year-old Ms.Black proved that it place and condominium sales picking CLASSIFIEDS ______26 a sleek gray and white Michael Kors dress, Hearst is possible to grow a business through the earthquakes up, the developer finally put the units FOR THE RECORD ______28 Magazines President Cathie Black looked about as of an economic downturn and a digital transition. on the block three weeks ago. EXECUTIVE MOVES ______33 happy as a print publisher could be in 2010. She was Ten of the company’s 14 magazines posted ad The Dillon’s owners have lots of

THE WEEK AHEAD ______35 there to introduce the new editors of four titles to a page gains through June, with signature titles Cos- company.Their building is one of more glittering crowd of marketers, media buyers and See HEARSTon Page 30 See SHADOW on Page 30 21

5 TOP PUBLICLY HELD COMPANIES J.P. Morgan Chase ousts Citigroup as New York’s No. 1. ELECTRONIC EDITION News Corp. dethrones Time Warner as city’s largest media company.

NEWSPAPER Managers (the good ones) strut their stuff. And more. PAGES 17-25 71486 01068 0 20100524-NEWS--0002,0003-NAT-CCI-CN_-- 5/21/2010 8:07 PM Page 1

tion two years ago, Mr. Bergamini and his IN BRIEF partners hauled it in for $13 million.In com- Carting company ing weeks, Action will close on the purchase LEHMAN BROTHERS PAID ITS BANKRUPTCY of its first two waste-transfer stations and a LAWYERS AND MANAGERS $794 MILLION IN dozen trucks from another out-of-state the 19 months since it collapsed in September waste industry giant,Republic Services Inc., 2008, according to Securities and Exchange takes bigger haul that wanted out of New York City. Commission filings. Restructuring firm In the three years since Mr. Bergamini Alvarez & Marsal leads the payment stakes, became chief executive, Action has be- taking in $277.4 million in fees through April. come one of the two largest of the city’s 70 Weil Gotshal & Manges, Lehman’s lead Action buys rivals, pushes for higher rates or so carting businesses, not including the bankruptcy lawyer, earned $182.3 million. 180 other companies that pick up only Lehman has said that it may take another five from a senior center on West 49th Street construction and demolition debris. The years to unwind the firm and sell off all of its BY ERIK ENGQUIST and convicts from Midtown Community Action Carting logo has become ubiqui- assets. Court, and turns them into revenue, good- tous on trash bins across the city. ronald bergamini proves the old saying will and productive employees,respectively. Mr.Bergamini and partner Michael Di- THE CITY ECONOMIC DEVELOPMENT CORP. IS that one man’s trash is another’s treasure. Its appetite for society’s unwanted ap- Bella rounded up private equity investors in ISSUING A REQUEST FOR PROPOSALS TODAY His company, Action Environmental plies to business deals,too:When Houston- 2007 and bought a majority interest in seeking a developer to build out a Harlem site, Group, collects beer cans from Yankee Sta- based behemoth Waste Management Inc. Newark-based Action for $7 million. The dubbed Mart 125, which will become home to dium and Citi Field, food waste at no cost decided to sell off its city collection opera- Waste Management deal nearly tripled the National Jazz Museum in Harlem and Action’s size,boosting revenues to ImageNation Sol Cinema.The vacant, city- $65 million from about $23 mil- owned, 10,000-square-foot site—located at lion.They have since edged up to 125th Street between 7th and 8th avenues— $70 million, despite the worst re- would enable the winner to build up to 67,000 cession in decades, and will sur- square feet, including a 2,500-square-foot café pass $100 million after the Re- or retail space. public purchase takes effect. The Republic deal is a rarity TOTAL RADIO ADVERTISING REVENUE GREW for city haulers—few own trans- 6%, TO $3.7 BILLION, IN THE FIRST QUARTER fer stations. For Action, it will of 2010 compared with the prior-year period, mean simpler logistics and fewer according to the Radio Advertising Bureau. middlemen. For the same reason, The results marked the first period of radio Action last year built a $5 million revenue growth in two years and the largest recycling center in the Bronx, percentage increase since the third quarter of where it separates and bundles 2000, when revenue rose 8%. aluminum, cardboard and other materials for sale to China. Cart- ing is “really a logistics business,” Mr. Bergamini says. BY THE NUMBERS The company’s growth is not without risk. New York City is a

Weekly shift of the city’s economy notoriously difficult place to do

HERE + THERE It’s not just the Euros that are business, but it is especially so for struggling. A new high for the proportion of mort- carters, who must navigate addi- gages in foreclosure and a dip in the consumer tional bureaucracies established price index signal problems at home, too. when former Mayor Rudy Giu- liani and former Manhattan Dis- $62M 13,938 10 trict Attorney Robert Morgen- VALUE OF NYC GIGAWATT- NUMBER OF thau squeezed the Mafia out of TALKING TRASH: the industry in the late 1990s. APTS. awarded HOURS of power STOCKS Ronald Bergamini is building permits use in NYC in first on Bloomberg/ expanding his city The Business Integrity Commis- in March, up 13% quarter, down Crain’s New York trash collection sion not only watches carters’ from year earlier 1.1% from year 200 index that business, even as the every move—its review is hold- Source: U.S. Census earlier rose last week Bureau Source: Con Edison giants pull out. ing up the Republic transaction—but limits what they can

buck ennis See CARTER on Page 31 OVER THE HUMP After rising steadily for months, New York City’s seasonally adjusted unemployment rate has been ebbing all year. Tattered clothier is looking t

ries its own brand of midpriced apparel, is riety. Even Ann Taylor, whose profession- With new chief, New suffering an identity crisis. At a time when al apparel is similar to New York & Co.’s most of its competitors are stabilizing from offerings, is known for its petite sizes. York & Co. suits up the recession’s woes, New York & Co. is “New York & Co. sits between the jun- Source: New York State Department of Labor having trouble wooing its customers back. ior world and the contemporary world,” to win back shoppers The firm recently reported a net loss of says Bob Grayson, who runs retail consul- CORRECTIONS $4.9 million for the quarter ended May 1, tancy The Grayson Co. and was president The op-ed column “Union costs: when 0 is a big number” in the compared with a loss of the same amount of New York & Co. when it was Lerner in May 17 issue should have said, “Raises put in reserve for BY ADRIANNE PASQUARELLI a year earlier. It saw revenue rise 1.8%, to the early ’90s. “They’ve been pummeled teachers for the previous round of contracts have been halved.” $237 million,for the quarter.Sales last year competitively from both sides.” The column mistakenly said that those raises had been agreed women’s clothier New York & Co. were about $1 billion. upon. needs a kick in its neutral-colored pants. New York & Co.’s stock price has fall- New vision Michael Lefkowitz is a partner at law firm Rosenberg & Estis. His name and the name of the firm were misstated in the May 17 Fortunately, the company hired Gregory en 7% since the beginning of the year.Most outgoing Chief Executive Richard Crys- article “Tax deals return to bite owners.” Scott, the Bebe Stores Inc. veteran known of the activity took place last week after the tal,who,at 65,is ready for retirement,is hop- for his fashion-forward vision, to do just clothier’s disappointing first-quarter re- ing Mr. Scott can reinvigorate the chain, vol. xxvi, no. 21, may 24, 2010—Crain’s New York Business (issn that. Mr. Scott starts as president on June sults. The stock currently trades near $4. which thrived in the ’90s and did well after 8756-789x) is published weekly, except for combined issues June 1 and will take over as chief executive next The going will get tougher as the econ- going public in 2004. It was renamed New 28/July 5, Aug. 30/Sept. 6, and Dec. 20/Dec. 27, by Crain Com- munications Inc., 711 Third Ave., New York, NY 10017. Periodicals February. omy recovers if New York & Co. doesn’t York & Co.eight years ago.“Now is the ap- postage paid at New York, N.Y., and additional mailing offices. “This will be a real test for Greg,” says develop a clear brand identity.As a special- propriate time to put New York & Co.’s Postmaster: Send address changes to: Crain’s New York Business, Eric Beder, a retail analyst at Brean Mur- ty store catering to women aged 25 to 45, next generation of leadership in place,”said Circulation Department, 1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber service: Call (888) 909-9111.Fax ray Carret & Co. “This is an opportunity New York & Co. faces formidable rivals Mr. Crystal, who was responsible for tak- (313) 446-6777.$3.00 a copy, $59.79 one year, $109.79 two years. to add brand identity and take the chain like Forever 21 and H&M,known for their ing the company public in 2004, in a state- (GST No. 13676-0444-RT) ©Entire contents copyright 2010 by Crain Communications Inc. back to the growth it once had.” stylish wares at cheap prices, as well as de- ment. “Greg is a talented merchant.” All rights reserved. Formerly known as Lerner New York, partment stores like Macy’s and J.C. Pen- Along with his five-year tenure at Bebe, the 92-year-old fashion chain, which car- ney, which offer their shoppers greater va- Mr. Scott, who declined to comment for

2 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0002,0003-NAT-CCI-CN_-- 5/21/2010 8:07 PM Page 2 It’s a showstopper Wall St. And not in a good sticker way: City loses its edge as TV’s place shock to produce series D.C.’s finance regs BY MIRIAM KREININ SOUCCAR would shrink banks’

the four major television net- fattest profit centers works unveiled nearly 40 new shows for the coming season during BY AARON ELSTEIN the annual upfront dog-and-pony show last week—the biggest crop in thirty years of bank deregulation memory. But so far, only one of came to a halt last week when the Sen- them, Tom Selleck’s police drama, ate passed a tougher financial servic- Blue Bloods, is set to be filmed in es reform bill than many on Wall New York. Street had ever imagined possible. Executives at the city’s sound The bill could hurt New York’s stages, where the shows are filmed, economy by barring banks from their are still scrambling to land new pro- most profitable activities, such as grams, but that effort is being se- making trades for their own accounts, verely hobbled, they complain, by crafting exotic derivatives and charg- the lack of a crucial state tax incen- LIGHTS! CAMERA! BUT NOT MUCH ACTION ing merchants hefty fees when con- tive that production companies de- In the absence of big tax breaks, far fewer new shows will be made in New York City this year. sumers pay with debit cards. pend on to lower the cost of work- “[The bill] threatens the basic ing in the city. profits equation for the industry,” says CreditSights analyst David Lucrative opportunity 1 21 $420M Hendler. “Fat margins and leverage as a result, New York looks al- NUMBER of new shows, out NUMBER of pilots shot in New AMOUNT earmarked through have been legislated out of business.” most certain to lose out in the an- of a total of 40, that have York during the peak year of 2014 by Gov. David Paterson The city’s Independent Budget nual battle for new shows, widely committed to production in NY 2008 for film tax credits Office predicts that profits at Wall considered the most lucrative op- Street firms will fall to $14 billion in portunity in the production indus- coming years, after hitting a record try.Successful series can pump tens $61 billion last year, thanks to ultra-

of millions of dollars into the local istockphoto low interest rates.It economy each year. sounds like a dra- The state’s hugely popular tax who have been lobbying relentless- He notes that some jobs are already tives say it will be filmed in Los An- matic drop,but $14 $28B incentive program, which offers a ly,are confident the measure will be leaving.A crew that normally would geles. billion is almost ex- EARNINGS from trading 30% credit on production expendi- signed into law. But with the state’s have worked in New York was re- At this point, industry execu- actly the amount of derivatives last tures if a number of stipulations are budget already two months late and cently dispatched to Stamford, tives say that uncertainty over the profit generated by year for the five met, ran out of money more than a no sign of an end to the legislative Conn., to film a new Showtime se- tax incentive program has all but Wall Street in 2005, largest banks year ago. It was then extended for paralysis in Albany, that extension ries starring Laura Linney and wiped out New York’s pilot busi- according to New just 12 months and is now up for re- may come too late. Gabourey Sidibe called The C Word. ness this year. In contrast, just two York Stock Exchange data. newal. In his most recent budget “These companies are saying, years ago, the city attracted a record For now,Wall Street and its allies proposal, Gov. David Paterson in- ‘We’re not going to wait around for L.A. plays N.Y.C. 21 pilots, some of which went on to in Washington are trying to come to cluded $420 million for the film tax New York; we’ll go somewhere in yet another blow,ABC’s new success as series. grips with what’s just happened. credit and extended the program else,’ ” says John Ford, president of legal drama, The Whole Truth, takes This year’s new-series drought In conference calls with clients on through 2014. Film executives, studio mechanics union Local 52. place in New York, but TV execu- See STUDIOS on Page 31 Friday,industry analysts repeated,almost like chanting a mantra,that the tough Senate bill must still be recon- ciled with a weaker House version purchase apparel, they are looking before it’s signed into law. Talk cen- for more fun and interesting pieces tered on changing tactics and trying for weekends and evenings, rather to weaken some aspects of the bill, g to patch things up than basics and work wear,”says Ms. particularly an amendment from Walters. “New York & Co.’s prod- Sen. Blanche Lincoln, D-Ark., that uct-mix change has helped to regain would force commercial banks to this story because he has not offi- with his youth—Mr. Scott is only ways been able to foresee the trends shoppers’ interest in the store.” spin off their derivatives desks. cially started as president, also 47, while many top retail execu- before other people have.” To entice today’s cash-strapped “The focus before was not on wa- worked at Arden B., a division tives are in their mid-60s— consumers, New York & Co. plans tering down that part of the bill,” of trendy retailer Wet Seal will pay off for him at New Upgrading its mix to open about 25 off-price stores in Jenn Fogel-Bublick of Washington Inc., and Henri Bendel. York & Co. some of the work of upgrading factory-outlet shopping centers consultancy McBee Strategic said in In his first two years at “He’s very original store merchandise has already be- this year, after briefly testing the a conference call.“It was about keep- Bebe, he was credited with when it comes to prod- gun. The clothier, which operates strategy in 2009. Some analysts ing it out altogether.” successfully extending the re- uct,” says Elaine Hughes, about 580 stores nationwide, has question the move, since New York The five largest banks generated tailer into accessories and president of retail execu- begun to add more casual and & Co.’s prices are already low.“Fac- $28 billion in earnings last year from adding more fashionable tive search firm weekend wear to its mix, with a fo- tory-outlet shoppers want to buy trading derivatives and other com- looks. But sources say E.A. Hughes & cus on trends such as safari jackets. brands at prices that they consider plex instruments, according to data Mr. Scott ran into Co. “He’s al- Now, less than 20% of its offer- to be real bargains,” says Mr. from Bloomberg. Forcing banks out trouble when he ings are career-ori- Grayson. “There’s not much room of this trading could cost J.P.Morgan tried to move Bebe New York & ented, as opposed to to show a comparison.” Chase, for instance, about $3 billion in a direction that the 50% of prior sea- One thing Mr. Scott won’t want in annual profits. appealed to older Co. plans to sons, and the stores to do is repeat Mr. Crystal’s expan- A proposed Consumer Financial consumers. He carry a wider selec- sion mistakes,such as his $30 million Protection Agency, which the Oba- ended up resign- open 25 off- tion of activewear, acquisition of Boston chain Jasmine ma administration wants despite in- ing in January denim, shorts and Sola in 2005.The clothier was forced tense industry opposition,also seems 2009. price stores summer dresses,says to shut down the upscale brand after certain to be created. Goldman ana- Even so, retail Lisa Walters, a prin- only two years,since consumers nev- lysts say the new agency alone could experts think his cipal at consultancy er got on board with the label.“They reduce banking profits by 4% annu- contemporary ON DECK: Gregory Retail Eye Partners. spent a long time trying to fix it, but ally by rewriting rules concerning specialty store Scott starts soon as “When shoppers at the end of the day it didn’t work,” mortgage fees and other charges experience, along president of New are in the mood to says Mr. Beder. levied on consumers. York & Co. May 24, 2010 | Crain’s New York Business | 3 20100524-NEWS--0004-NAT-CCI-CN_-- 5/21/2010 7:57 PM Page 1

Weaker euro, stronger dollar IN THE MARKETS could clip NYC tourist boom by Aaron Elstein

Biggest threat: U.S. versity’s Preston Robert Tisch Cen- according to NYC & Co. “People ter for Hospitality, Tourism and might spend less money at the shops, families skip here Sports Management. but they will still come because New The old men and the sea change for cheaper there “Do I open The Wall Street Journal York is more affordable than ever,” every day and see what’s going on? Mr. Fertitta says, noting that the av- in where most of us should invest Sure, it’s concerning,” says Matt erage nightly rate for a Manhattan BY HILARY POTKEWITZ hotel room last year was $238, down ome 1,600 money managers, investment analysts and more than 20% from the 2007 rate. similarly employed folk gathered last week in cold, wet the euro’s dive to a four-year low “Even with a stronger dollar rela- CFA Institute against the dollar has global econo- tive to the euro, New York is a good SBoston for the annual conference of the . mists and international bankers in a deal compared with other gateway There, as the market slid into “correction” territory, they tizzy worrying about the viability of cities in the world,” says Bjorn Han- groused about the soaring U.S. debt and the weakening the eurozone economy and its impact son, professor of hospitality and economies in Europe, among other dismal things. While the on the rest of the world. tourism management at NYU and For many New Yorkers, however, former industry executive. conference’s official theme was the stern command, “Refocus,” all that matters is how it will affect “There are ways to mitigate the a more realistic title would be “Grumpy Old Men.” istockphoto Europeans’ vacation plans. damage [of a weak euro],” he adds, The Big Apple is the No. 1 long- explaining that hoteliers can drop Among the grump- favorite target these days:China’s com- haul destination for vacationers com- Travelers think, prices further to stimulate demand. iest—and oldest— mercial real estate market. ing from France, Germany, Italy and It turns out, however, that Euro- in attendance was In major Chinese cities, he says, Spain,all of whom will be paying a lot ‘Ooh, now I can pean tourists aren’t the only visitors John Bogle, the 81- 30 billion square feet of Class A office more for dollars this summer. New Yorkers should be counting. year-old founder of space are under construction.“That’s So far, New York’s belief that we go to London or “When the dollar was very cheap mutual fund giant a five-by-five cubicle for every man, are, in fact, at the center of the uni- against the euro, it brought a lot of Vanguard. The pio- woman and child in China,” he ob- verse, seems unshaken. “European maybe Paris’ Europeans here, but it also kept U.S. neer in passive index investing blast- serves. Chinese officials can do little visitors who want to experience the travelers in the U.S.,” says John Fox, ed his industry for its, well, passivity, to rein in what Mr. Chanos believes energy and excitement of New York senior vice president of hotel adviso- slamming fund managers for mutely is a massive property bubble. City will visit regardless of the cost ry firm PKF Consulting. accepting corporate boards’ dreadful Yet he played coy when asked how and distance,” says George Fertitta, International vacations were pro- record of oversight of management. investors could bet on a drop in Chi- chief executive of NYC & Co., the Zolbe, director of sales and market- hibitively expensive for many U.S. “We call it the ‘Silence of the Funds,’” nese real estate, saying only, “You city’s marketing and tourism office. ing for the Waldorf Astoria. “But all families, and New York was a popu- he cracked, adding that no mutual have to play the first derivative”—in New York’s tourism industry held of the data suggest our international lar alternative.But the euro’s dramat- fund has ever introduced a share- other words, bet against companies up remarkably well during the reces- clientele are still coming. Our hotel ic slide could change that dynamic. holder resolution that was opposed heavily exposed to Chinese real es- sion—hotel occupancy rates in 2009 has a very European feel right now.” “Now American travelers are by management. tate. That would seem to mean sell- were close to 80%, compared with Of the 8.6 million international thinking,‘Ooh,now I can go to Lon- Christopher Davis, ing short big construction stocks like just 55% in the rest of the country,ac- visitors to New York last year, nearly don or maybe Paris.’ ” Mr. Fox says. chairman of Man- Caterpillar, or perhaps manufacturers cording to data from New York Uni- 3 million came from the eurozone, “There are good deals out there.” hattan’s Davis Advi- like General Electric, which generates sors, a young pup at 16% of its revenues in China. just 45, was also Mr. Chanos still believes Moody’s grumpy. Noting that Investors Service and Standard & Poor’s his grandfather once owner McGraw-Hill Cos. are worth called bonds nothing more shorting, even after their large de- than “certificates of confiscation,” he clines in recent years. Both credit- warns that anyone buying them rating shops face substantial liabili- nowadays “is going to get killed” by ties from the many civil lawsuits they the inflationary pressures that are are named in, he says. Plus, if Euro- sure to come due to heavy govern- pean regulators carry through on ment borrowing. Driving the point plans to create their own rating home, Mr. Davis glumly likens the agency, Moody’s and S&P will see federal government’s balance sheet their business “get killed” in Europe. to that of General Motors in 2000. The grandmaster To prepare for the misery ahead, grump was Jeremy he recommends investing in the few Grantham,the 71-year- companies that could possibly pass old co-founder of in- along rising costs to their customers: vestment firm GMO. Coca-Cola,Nestlé and Procter & Gamble. He urges investors to Asked about Citigroup, in which flee to the woods—that his firm used to be a big shareholder, is, to invest in timber. Mr. Davis says it’s too soon to get Timber,Mr.Grantham says,is one back in, even though the bank seems of the market’s most accurate forecast- to be resolving its problems. “I’m so ers, holding its value during the Great scarred by Citi,” he says. “Of course, Depression and the Great Inflation that makes me want to look at it. But of the 1970s and likely returning 6% when I do, Ken [Feinberg, a partner] annually in the years to come. That slaps my hand and says no.” might not sound terribly exciting,but As rain and fog Mr. Grantham thinks large-cap stocks shrouded Boston in a in the United States will return only thick gray soup, the 0.3% annually for the next several grumps were graced years.Bonds? “Horrible,”he answers. with a visit from James Gold, a traditional refuge for mar- Chanos, one of Wall ket bears,is no better,in his view.Af- Street’s best-known ter its recent run-up, Mr. Grantham short-sellers, who famous- blinked and bought some. But that’s ly saw through the accounting cha- not because it’s a good value, he says, rade known as Enron. The 52-year- adding, “I was so sick of it going up old Mr. Chanos picked on his that I thought I’d kill it.” bloomberg news

THE SHARE OF ASSET MANAGERS attending the CFA Institute’s annual conference last week who said clients refused to invest more 75% money with them as stocks plunged in 2008 and 2009.

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WeiserMazars LLP Big Things Come in Small Packages NEW YORK,NEW YORK Customized solutions with a personal approach. edited by Valerie Block Hands-on service from partners and staff. Large [ rm resources. Technical expertise and a robust suite of services. These are a few of the bene[ ts of being a WeiserMazars client. Our full service team of accounting, tax, audit, and consulting professionals in the New York metro and Philadelphia regions offer the Current TV expands specialty resources of a global [ rm alongside NYC presence the personalized service you’d expect from a local [ rm. former vice president Al Gore’s Whether you are a regional, national or Current TV—the San Francisco- international organization, a closely held or based cable channel that just won family-owned local business, or a high net a coveted Peabody Award for its worth individual, we keep pace with your documentary, The OxyContin business, your industry, and your goals at Express—is spreading out in New every stage, from inception through transition. York. Chief Executive Mark Rosenthal Unwrap the gift of a has been operating out of New stronger [ nancial future. York since he moved to the network from MTV last summer, Contact Victor Wahba at giving the company its first

212.375.6895 today. getty images Manhattan-based CEO. And he has added several Great Lawn preps for 10K+ yogis staffers in Garth Brooks Simon & Garfunkel recent orget and : A huge weeks. crowd is expected in Central Park next month just He to do yoga. brought F on a new Cultural events planner Flavorpill hopes to break a world executive record June 22 with the largest documented yoga event ever vice president newscom by getting more than 10,000 people to take a free class on of affiliate sales, Courtney Menzel, the Great Lawn. A yoga gathering at Lake Tahoe that and a new head of corporate communications, Matthew Frankel. currently holds the record attracted around 9,000 yogis. Both jobs used to be in Celebrity yoga teacher Elena Brower will lead the masses California. A newly created in New York, with her poses broadcast on a giant screen. position, head of East Coast ad And 200 additional instructors will walk the grounds, sales, was just filled by MTV alumnus John Arianas. helping people perfect their downward dogs. Attendees can Despite the growth, the rest of sign up on the organization’s website. Current is staying in San Multiple sponsors, including JetBlue and Smartwater, are Francisco. “Mark is leading an already on board. “We see yoga very much as a cultural investment in our New York City infrastructure, but there are no event,” says Mark Mangan, co-founder of Manhattan-based plans to move the headquarters to Flavorpill, which has already offered yoga sessions in the New York,” a spokesman says. Museum of Modern Art’s galleries. “We are always trying to break the mold of traditional events.” Suite success at St. Regis Chefs make the st. regis New York hotel is house calls sprucing up its most expensive rooms—and apparently, it can hong kong is home to the afford to. speakeasy, an underground Last year, the Fifth Avenue restaurant in a chef ’s home.The property outperformed other Sushi Club, a new catering service luxury hotels in the city by one that brings the chef to its important measure: revenues per customer’s home—or office, or available room, according to Paul private event space—has adapted James, head of St. Regis Hotels & the speakeasy concept for New GOVERNORS ISLAND Resorts, who quotes Smith Travel York foodies.The business WELCOMES POLO Research’s proprietary data. “It’s a specializes in an eight-course sign that business is strong and menu of Japanese cuisine and THE THIRD ANNUAL VEUVE that you need to look after your Asian fusion dishes for dinner CLICQUOT POLO CLASSIC hits most loyal customers,” says Mr. parties of six or more.The twist: Governors Island Sunday, June James. Diners pay their own way, 27. The glamorous event will The hotel just finished splitting the bill as they would in a benefit American Friends of renovating the Imperial and Royal restaurant. “This is a pretty new Sentebale, the U.S. arm of the suites—each has more than one concept,” says Poyi Fung, a partner global charity founded by Prince bedroom, multiple bathrooms and in the venture. “I think we will be Harry of Wales and Prince a kitchen.The starting room rate a pioneer in this market.” Seeiso of Lesotho. Last year, for the Royal Suite is $16,500. The Sushi Club Prince Harry faced off against Now the posh hotel is tackling its (www.nysushiclub.com) is run by polo great Nacho Figueras. other elite suites, last renovated in China natives Rico Lui—who 2006, when the entire hotel got a underwent the rigorous training face-lift.The work will start next required of all sushi chefs in among other ingredients, in their year, says Mr. James. Japan—and Kenny Yeung, owner of elaborate presentations. Prices Kiss’o in New Hyde Park.They start at $108 per person for a party Contributors: Barbara Benson, use fresh fish flown in from Japan, of eight, but discounts are Lisa Fickenscher, Matthew Flamm, wagyu beef and fresh lobster, available through Aug. 31. Miriam Kreinin Souccar

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NEIGHBORHOOD JOURNAL

CLASS ACT: The Health and Doctor’s dream realized in S. Bronx Science Charter School is the brainchild of Dr. Dr. Izquierdo likes to cite data fessionals for training and clinical includes an emphasis on sci- Richard New charter school from a recent study by the Council experience. ence and math. It will also of- Izquierdo. will offer training on Graduate Medical Education, “Even before there was such a fer English, Latin and history, which shows that although blacks thing as charter schools, Dr. as well as dance and martial

for posts in growing and Hispanics make up 25% of the Izquierdo has wanted to do some- arts. As the school grows, cuny.edu U.S. population, they make up only thing like this,” says Mr. Diaz, who sports teams will be added. health care industry 8% of doctors. adds that Dr. Izquierdo was his pe- quierdo enjoys virtual celebrity sta- The Health and Science Charter diatrician when he was growing up. New opportunity tus.In addition to caring for the bor- BY HILARY POTKEWITZ School is the latest iteration of his “He’s wanted to set up some kind of “it’ll be in the incubator stage at ough president as a child, he was master plan to get more local youths educational facility to train kids to first, but at least it’s an opportunity also pediatrician to Supreme Court t a time when most into the medical field.The school is become physicians active in the that didn’t exist before,” says Mr. Justice Sonia Sotomayor and for- schools are winding affiliated with UHP,which will give health of their communities.” Robert. mer Surgeon General Dr. Richard down in preparation for students access to the network’s pro- The charter school curriculum In the neighborhood, Dr. Iz- Carmona. summer break, one school in the South ABronx is just gearing up. The Dr. Richard Izquierdo Health and Science Charter School in Melrose was approved by the state’s Board of Regents earlier this year and is busy getting ready to wel- come its first class of incoming students in September. Approximately 100 sixth- TD BANK graders will enroll in the school, temporarily housed at 800 Home St. It will be the only school of its kind in New York City to offer a technical and career education tailored specifically for the health care MEANS industry. In the borough with the highest unemployment rate and lowest high school graduation rate in the city, the school has big ambitions. “If we are going to make progress in this borough, what better way BUSINESS. than to have a charter school where we teach our young men and women how to live a healthy lifestyle and get training to go into the health care industry?” says Bronx Borough President Ruben Diaz Jr. “We don’t see enough of this theme of science and math in our public schools.” Plans for growth the school is starting small, but it will add one class each year until it serves grades 6 through 12.At some point, it will also move to larger, permanent quarters in the South Bronx. By 2018, the school will be- The power of relationships and experience And, as part of the globally respected gin graduating students with Emergency Medical Technician is essential to your success. TD Bank offers a TD Bank Financial Group, we have the certifications. higher level of personal service, local security, stability and capital strength “It’s great that they’ll get their decision making and innovative solutions. you need in a banking partner. EMT and have an automatic job when they get out,” says John • Asset Based Lending Put the power of TD Bank to work for Robert, district manager of Com- 1-888-751-9000 munity Board 2, who is lobbying to • Commercial Real Estate you. Call or connect to find the school a permanent loca- • Corporate Banking www.tdbank.com. tion in his district. “Hopefully, • Equipment Financing they’ll go on to become doctors.” The facility is the brainchild of • Cash Management Dr.Richard Izquierdo,now 80,who • Healthcare Financing grew up in the neighborhood and returned after medical school in the 1960s to start a clinic in the hospital-starved community. He founded his first family health clinic, the San Juan Health Center in Hunts Point, in 1967. He’s expanded services over the years to the point where it has become a network of clinics and school-based health centers under the Urban Health Plan umbrella. The nonprofit now serves more than 33,000 patients in the South TD Bank Financial Group is a trade name of The Toronto-Dominion Bank. Used with permission. For detailed credit ratings for TD Bank Financial Group and TD Bank, N.A., visit Bronx-Hunts Point area and is http://www.td.com/investor/credit.jsp | Equal Housing Lender | TD Bank, N.A. headed by his daughter, Paloma Izquierdo-Hernandez.

May 24, 2010 | Crain’s New York Business | 7 20100524-NEWS--0008-NAT-CCI-CN_-- 5/21/2010 5:57 PM Page 1

he’s a technical person,” an insider says. Mr. Gee inherited little momentum from Ms. Glynn, who CUT THE RED TAPE It takes 20 agencies THE INSIDER was perceived as strong on policy MAYOR MICHAEL BLOOMBERG is trying to do for business what he’s already but weak at running an done for individual New Yorkers: bring a spirit of customer service to government by Erik Engquist and Jeremy Smerd organization and advancing an bureaucracy. But it’s not as simple as setting up a 311-style hotline—which, in agenda. fact, they hope to make more responsive to businesses’ needs. Last month, a state Senate task At least 20 agencies are already knee-deep in the process. A website, force found $210 million in NYC Business Express (nyc.gov/businessexpress), is one of the first wasteful spending at the DOT and offerings. It spells out the permits and licenses that entrepreneurs will need $60 million in potential cost in order to open their businesses. A restaurateur who wants to serve alcohol savings. Outsourcing, overtime and and have a pool table, for example, needs no fewer than 11 city permits and nighttime work were blamed. No licenses. simple solutions emerged from a The vision in the mayor’s office is to eventually provide business owners follow-up hearing on what the Tri- with one-stop shopping for permits and licenses. A total of 33 licenses can State Transportation Campaign now be applied for online, but that leaves more than 400 paper-based city calls “a convoluted mess.” licenses, permits and certifications, and exams. Transportation insiders say little TROUBLE AT THE City officials say merchants slapped with violations often complain, “I’ve TOP: The state will happen until a new governor transportation takes over. never heard of that rule.” In part, that’s because agencies issue hundreds of agency is bedeviled rules each year, and many are redundant or contradictory. Anthony Crowell, by leadership issues. counselor to the mayor, says the administration is streamlining the city’s rules to make it easier for businesses to comply.

bloomberg news Setback for Senate Part of the challenge is cultural. City lawyers are Republicans being asked to consider how the rules they write to state sen. Thomas Morahan’s implement municipal law may overburden small decision last week not to seek re- businesses. Agency inspectors who hand out fines may Transportation soon find themselves in training sessions that stress election is a setback for Republicans’ efforts to recapture customer service. the chamber.The district—which The administration hopes that within one year, it at a standstill includes Rockland County and part will be able to give businesses a grace period to of Orange County—is more self-correct violations without paying fines, and he state’s transportation agenda has hit a Democratic than Republican, but within 18 months, it will allow businesses to pay or David the 78-year-old Mr. Morahan has adjudicate violations online. But the day when dead end, and not just because Gov. kept the seat for 11 years. Paterson business owners won’t need expediters to deal stopped projects’ funding during the Republicans hold 30 Senate with the city may not come until after the mayor budget crisis.The state Department of seats to Democrats’ 32 and can’t istockphoto has left office. Transportation has been plagued by leadership lose any in order to have a reasonable shot at winning a Tproblems, which could soon get worse. majority.The battle for Mr. Paterson transportation adviser Timothy Gilchrist is rumored Morahan’s seat will divert scarce Two Democratic Assembly short of that goal but would at least to be leaving the administration. Mr. Paterson himself is a GOP resources from other members—Kenneth Zebrowski and deter the Legislature from an lame duck, and the DOT is headed by an acting districts. Ellen Jaffe—represent districts extremely underhanded drawing of The GOP’s best bet in Mr. wholly contained within Mr. districts in 2012. In past years, commissioner, Stanley Gee, a former deputy to the departed Morahan’s district is Rockland Morahan’s. Both are likely to lawmakers have carved districts to Astrid Glynn. “He’s a very nice person, but he’s not a leader— County Executive Scott Vanderhoef. strongly consider making bids. A split up voting blocs or to prevent third Democrat, Clarkstown Town certain individuals from Clerk David Carlucci, a young official challenging their local legislators. who has modernized the clerk’s “Would that happen with the office, is already running. “This is scrutiny they are going to receive? I going to move to the top of the don’t think so,” the insider says. Democratic Senatorial Campaign But many reformers would Committee’s priority list,” says a consider such minimal progress to Democratic consultant. be a defeat. Mr. Koch’s former parks commissioner, Henry Stern,an Uprising leader, asserts that Reviving anything less than independent Power for Jobs redistricting is unacceptable. “It was necessary to march around Jericho senate and assembly Democrats seven times before its walls last week temporarily extended tumbled,” Mr. Stern says. Power for Jobs, and Senate leaders “Someday, the Legislature’s wall of and Gov. David Paterson shook hands self-perpetuation will collapse into on a deal to replace it next year after rubble.” being beaten up by Republicans and Mr. Koch is optimistic. “We’re business groups for allowing it to so far ahead of where we thought expire May 15.The Assembly did we would be,” he says. not immediately sign on.The program provides subsidized power—purchased by the state on New York’s stable the open market—to businesses in tax revenue depressed areas or industries.The revised law, Energize New York, the state faces a budget crunch, will include audits to ensure that but at least tax revenues have recipients aren’t wasting energy. stabilized. A new analysis by the Cut-rate power will be offered in Tax Foundation shows that from seven-year contracts. 2008 to 2009, tax revenue fell by only 0.5%—sixth-best in the nation.The top five states saw Will an Uprising be revenue increase. New Jersey’s knocked down? dropped 11.9%, placing it 41st (property-tax revenue plunged 22% an insider says New York due to lower assessed values). Uprising, the Ed Koch-led push for Connecticut, down 12.5%, placed nonpartisan redistricting, might fall 43rd.

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8 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0009-NAT-CCI-CN_-- 5/20/2010 8:01 PM Page 1

SMALL BUSINESS Goldman lends $500M—gradually

nance,operations,marketing and le- ness planning to mar- Picks first educational, microlender partners gal issues,showing participants how keting to peer mentor- for program that pairs funds, mentoring each discipline fits into their growth ing. GOLS loan plan, says Jane Schulman, vice pres- amounts range from with making sales, handling payroll ident for LaGuardia’s Division of $250,000 to $750,000. BY STEVE GARMHAUSEN and making sure the office is running Adult and Continuing Education. “Goldman gets that buck ennis correctly,” explains Mr. Sanchez, it costs money to exe- INK-THINK: William Sanchez got a new outlook at LaGuardia. oldman sachs is president of operations for the 12- Help with growth goals cute this in the right moving gradually to employee firm in Long Island City, at seedco financial, the Growth, way,” says Lesia Bates disburse the $500 mil- Queens. “This gave me the oppor- Opportunity, Loans and Services Moss, Seedco Financial president. says Ms. Bates Moss. lion that it has pledged tunity to take a couple of steps back initiative targets established busi- Seedco Financial has a healthy Visit www.lagcc.cuny.edu/ace/ to spend over five years and get a different point of view.” nesses that are poised for growth, pipeline of applicants for its tradi- sbdcform.aspx or call Seedco Finan- Gfor small business loans and assis- Lessons cover accounting, fi- helping with everything from busi- tional lending program and GOLS, cial at (212) 473-1169 for details. tance nationwide. But the Wall Street firm says that its “10,000 Small Businesses” initiative is progressing on schedule and at the right pace— although businesses are desperate for credit that could help create jobs. Goldman and its partners “are operating under a very aggressive timeline that we laid out in Novem- ber, building a tailored program in each city,” says Dina Habib Powell, managing director and president of the Goldman Sachs Foundation. It takes time to develop programs that pair money for loans with education, mentoring and networking,Goldman says.But the firm is convinced that such initiatives are more effective than simply increas- ing the amount of capital available. Citigroup takes the latter tack. Emphasizing the immediate need, Citi recently said it would make $200 million available to community development financial institutions to bolster small business lending,especially in underserved markets. Divvying up the dollars goldman’s effort, meanwhile, will direct $200 million to educational institutions and $300 million to community development financial institutions—microlenders— over five years. So far, two institutions have been selected:LaGuardia Community College, which got $200,000 for the education portion of its program, and nonprofit Seed- co Financial Services Inc.,which received $3.24 million in operating funds for professional business advi- Secure financing in San Francisco. sory services and other purposes, plus $20 million in loan capital. Source partnerships in Taipei. Goldman has had success internationally with its “10,000 Women” initiative, launched two years ago, Find buyers in Toronto. which also emphasizes mentoring and networking along with access to capital.The first group of 60 gradu- The simplest products can travel the most complex global routes before they reach ates of the program in Rwanda in- their final destination. Our relationship managers leverage our global network to provide creased sales by an average of 41%. the trade finance solutions you need. With offices in over 60 countries and territories,1 LaGuardia and Seedco Finan- we’re connected with suppliers and buyers wherever your business takes you. cial hope their own multifaceted programs will eventually attract more Visit your local branch, call 866.257.4537 or funders. The college started an 80- go to us.hsbc.com/unlock to find out more. hour certificate program in April, complete with scholarships from Goldman.William Sanchez,a member of the first class, says the course has helped him think about how his family’s printing firm, Technical Digital Services, can become better. “I’m consumed day in and day out To sign up for Crain’s twice-weekly SMALL BUSINESS 1The HSBC Group operates through a network of affiliates and subsidiaries around the world. NEWSLETTER, go to In the United States, products are offered through HSBC Bank USA, N.A. Member FDIC, Equal Credit Opportunity Lender. www.crainsnewyork.com/smallbiz ©2010 HSBC Bank USA, N.A.

May 24, 2010 | Crain’s New York Business | 9 20100524-NEWS--0010-NAT-CCI-CN_-- 5/21/2010 3:15 PM Page 1

VIEWPOINT Charting a course for Charter editor in chief Rance Crain publisher, vp Jill R. Kaplan he city charter revision commission has been discouraged by a system designed to favor EDITORIAL last week identified five subjects that it Democratic Party organizations, commonly known as “the editor Xana Antunes will study before deciding what questions machine.” New Yorkers should be asked if they favor early managing editor Glenn Coleman deputy managing editors Valerie Block, to put to voters in November: term limits, voting, same-day registration, nonpartisan elections and Erik Ipsen contributing editor voter participation, government structure, other measures that could boost turnout. Elizabeth MacBride public integrity and land use. The issue of government structure could mean just about columnists Greg David, Alair Townsend politics editor Erik Engquist In theory, this could be the top-to- anything, although it seems unlikely that voters will be pulse editor Barbara Benson bottom review of city government that Mayor Michael asked to eliminate the offices of borough president or senior reporters Theresa Agovino, Aaron Elstein, Lisa Fickenscher, TBloomberg promised, given that the subject of “government public advocate. Indeed, possible enhancement of their Matthew Flamm, Miriam Kreinin Souccar structure” can be broadly interpreted. Realistically, though, relatively limited power—such as giving them budgets free reporters James Comtois, Amanda Fung, Daniel Massey, Adrianne Pasquarelli, the commission will not have time to look at everything from politicians’ tinkering, or (for the public advocate) Hilary Potkewitz, Jeremy Smerd before submitting its ballot questions to the City Clerk by subpoena power— art director Steven Krupinski deputy art directors Carolyn McClain, the Sept. 2 deadline. should be thoroughly Daniel Mednick Voters can weigh staff photographer Buck Ennis A more thorough review is still possible and should be considered. copy desk chief Wendy Zuckerman done—next year. After the election, the mayor should in on changes to Manhattan Borough copy editor Thaddeus Rutkowski research editor Denise Southwood reappoint commission members willing to continue serving President Scott assistant research editor Maia Blume and perhaps elevate one to chairman if, as we expect, the City Charter Stringer makes a strong editorial researcher Selena Shen Chairman Matthew Goldstein cannot spare any more time in November and case that borough www.crainsnewyork.com away from his job as CUNY president. presidents and web editor Brian Tracey senior producer Elisabeth Butler Cordova As for this year, voters deserve a chance to affirm or undo in 2011 community boards producer Kira Bindrim

the change in term limits that Mr. Bloomberg and 29 City should have a greater EDITORIAL AND ADVERTISING OFFICES Council members passed so controversially in 2008.That is role in planning.The 711 Third Ave., New York, NY 10017-5806 editorial: 212.210.0277 Fax 212.210.0799 the very reason the mayor formed the revision commission. boards’ service component has been rendered redundant by advertising: 212.210.0259 The commission should construct questions that allow the expansion of elected officials’ district offices and the 311 Cable craincom nyk Fax 212.210.0499 voters a clear choice on whether they want term limits and system, but could contribute a grassroots component to Entire contents ©copyright 2010 Crain what they should be. Communications Inc. All rights reserved. rezoning efforts. ®CityBusiness is a registered trademark of MCP If commission lawyers can figure out how to restrict future Private developers deserve changes that would shorten the Inc., used under license agreement. legislative changes to term limits, voters should also be asked time from project conception to completion so they won’t TO SUBSCRIBE: about that.They might decide that future generations have to guess what the economy will be five or eight years Call 888.909.9111; fax 313.446.6777. $3.00 a copy, $59.79 one year, $109.79 two years. should not be subjected to the ugly spectacle of elected hence. But these and other land-use changes appear too www.crainsnewyork.com officials essentially extending their own tenures. Or they complex for the commission to sort out in three months. ADVERTISING AND MARKETING might want to give lawmakers that flexibility. The panel must limit its scope to what it can handle, then advertising director Trish Henry real estate sales manager Cornelius P. Gore Voter participation clearly needs attention. For too long, it pick up next year where it left off. senior account managers Irene Irvill, Courtney McCombs, William E. Squitieri account executive Anthony Mowad sales manager, classified print & online John Gallagher CRAIN’S ONLINE POLL COMMENTS sales coordinator, print & online Lulé Haznedari newsletter product manager WOULD YOU INVEST Alexis Barney credit Todd J. Masura 313.446.6097 YOUR 401(K) WITH marketing director Amy Crossman Everyone’s a critic director, audience development GOLDMAN SACHS? John LaMarca GAEL GREENE, MAYBE YOU other bankers (“Wall St. rescue of Chicago senior audience development manager Date of poll: May 18 SHOULD GET OUT MORE OFTEN? bank sparks GOP outcry,” Tarek Cotran 250 votes CrainsNewYork.com, May 20), but St. general manager, interactive gael greene tells us that she enjoyed her Vincent’s Hospital—in the heart of Greenwich Marc Minardo recent visit to Piquant restaurant on Flatbush Village—expires with a 160-year history of web developer, interactive Avenue in Brooklyn. saving lives, including those of Titanic Chris O’Donnell No way. “I really love almost survivors, despite being beloved in the NEW YORK PRODUCTION

Unless you run everything that hits downtown New York community. production and pre-press director a hedge fund, .

. 46% Michael Corsi Goldman is not 54% the table,” the Something is very, very wrong here with our Insatiable Critic values. advertising production manager going to care Suzanne Fleischman Wies about you. writes in Crain’s May —evette stark 17 issue. “If I’m not PUBLISHED BY CRAIN COMMUNICATIONS INC. rushing back, it’s TIRED OF “TRICKLE-UP” chairman Keith E. Crain only because I need ECONOMICS president Rance Crain Why not? to hitch a ride.” secretary Merrilee Crain Goldman You need to your story “4,000 new luxury condos sitting treasurer Mary Kay Crain employs the hitch a ride to go to steven richter vacant” describes a housing activists’ study that executive vp, operations William Morrow best and senior vp, group publisher Gloria Scoby brightest on inner Brooklyn? You sound like a parody of a “recommends seizing and converting them to group vp, technology, circulation, Wall Street. tired New York City cliché. There is an low-income or affordable housing” manufacturing Robert C. Adams ingenious invention that can take you right to (CrainsNewYork.com, May 11). vice president/production & the restaurant’s doorstep. It’s called the Isn’t this another example of the politically manufacturing David Kamis chief information officer Paul Dalpiaz subway. correct elite rebranding “trickle-up” corporate circulation/audience —michael flynn economics? The local political hacks might development director Kathy Henry have us believe that we have an obligation to founder G.D. Crain Jr. (1885-1973)

istockphoto VALUE PLAY house people. But a home is a privilege, not a chairman Mrs. G.D. Crain Jr. (1911-1996) For this week’s questions: Go to right. New York City should not be a www.crainsnewyork.com/poll to have your say. ok, so a bank in Chicago is saved by General freeloaders’ playground. Electric’s finance division, Goldman Sachs and —darrin todd

10 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0011-NAT-CCI-CN_-- 5/21/2010 3:15 PM Page 1

BPTW4x13_5comp7.pdf 1 5/13/10 10:46 AM OPINION

but they have resisted specific measures to realize them.The governor’s A budget cure: furlough plan could have achieved the promised amount.But,of course, the unions went to court to stop it.As a result, the governor is now consid- aspirin… or tea? ering massive layoffs—up to 10,000 in all. Every day that passes means that more cuts, not fewer, will be re- he governor, the state Senate and the Assembly quired to achieve dramatic savings. are playing a nerve-bending game of chicken over the The Legislature could act to re- scind the wage increases of 4% that budget in Albany. It’s enough to make a taxpayer state employees were recently grant- want to join the Tea Party movement and throw ed, an unconscionable hike during out the incumbent legislators.A pox on all of them. these times. Or lawmakers could Nearly two months into the fiscal year, there is no approved take steps to require larger contribu- T tions for health insurance from ac- budget.The governor has a proposed budget that is close to bal- tive and retired employees,or to fur- anced—if the federal government comes through with Medicaid ther reform pensions. But they are FOR SOME, loathe to antagonize major cam- relief. The Senate and holds with incomes of paign contributors. the Assembly have each up to $250,000. As the clock ticks away, fewer passed budgets, but nei- The governor is us- good options remain for balancing THE LEARNING ther is balanced, and ing his power strategi- this budget. It will come down to they differ significantly. cally by submitting one of two choices, or perhaps both, Both bodies have re- interim spending meas- neither of them good for New York. jected the governor’s ures every week or so, One is to rely heavily on borrowing, call for about $1 billion conserving as much implementing few of the budget re- CURVE IS THE in new taxes on sugary cash as possible. While forms called for in Lt. Gov. Richard drinks and cigarettes. the small allocations are Ravitch’s plan. The other is to opt The Assembly plan calls starting to play havoc for another hike in the personal in- for borrowing $2 billion ALAIR with school districts, come tax, cloaked in the verbiage of FUN PART. for budget relief, the TOWNSEND this strategy gives the having the rich pay their “fair share.” Senate’s, less than half governor the upper Elected officials seem to casually that amount. In a bid to hand for the moment. subvert the public interest with ma- ensure the re-election of its Long Is- Still, this approach won’t close the neuvers to preserve power and to re- land members, the Senate wants to $9 billion budget gap,and it only de- ward powerful interest groups. dish out several hundred million lays the day of reckoning. There’s a reason why taxpayers are dollars in property tax relief—an ap- Employee unions have declined revolting. There’s a reason for anti- palling prospect, given the times. to be part of the solution. They had incumbency fever and tea parties. Tell us why your company is so great by They would send checks to house- promised $250 million in savings, Here’s your tea. One lump or two? nominating it as one of New York City's Best Places to Work. Nominations are open for this annual NYC honor, recognizing outstanding

though parent demand is on the rise. employers in the "ve boroughs. Companies And they inexplicably have called will be pro"led in Crain’s New York Business Why charter cap for eliminating the State University of New York as a charter authorizer and honored at an event in fall 2010. despite its exemplary record of au- thorizing high-quality schools. should be lifted These provisions would effec- tively stall charter school growth regardless of what the cap number is. BY JAMES MERRIMAN Charter schools don’t receive any facility funding from the state and get cross new york state, school districts are so thousands less per pupil, so co-loca- strapped for cash that they’re doing the unthink- tions in Department of Education able—laying off teachers and cutting core pro- space is the only way many can af- grams that directly affect student learning. At the ford to open. Plus, charters tend to open in the communities of greatest same time,the federal government is offering New need, so capping the number that AYork $700 million in education funding for agreeing to reforms can operate in a given neighborhood that have the potential to raise student achievement and offset would steal educational opportunities from the students who need devastating budget cuts. them most. Race to the Top reviewers won’t Yet with a week left to pass the agreed to a new evaluation plan that be fooled by faux reforms, and New reforms necessary to win federal would be partly based on test scores. York’s score will suffer. funding through the Race to the However, the Assembly has yet While the teacher evaluation Top competition, Albany is silent. to even take up the charter cap bill. plan, if passed, will improve the The deadline for the second of And when it does,it’s likely that op- state’s score,it pales in scope and am- the Race to the Top applications is ponents of reform will try to saddle bition when compared with truly June 1. Before then, the Legislature the Assembly’s version of a cap-lift groundbreaking legislation passed must pass legislation that would lift bill with so many onerous provisions by other states, like Colorado, com- the charter school cap and tie restricting charter school growth peting for federal dollars. New York www.bestplacestoworkNYC.com teacher evaluations to student per- that it won’t be a cap lift at all. will not earn the same credit for its formance for the state to have any In recent weeks, charter school own plan as states with more com- shot at winning the Race. opponents have called for stifling prehensive plans. Nearly a month ago, the Senate provisions. For example, they want Bottom line: If New York is to passed a bill that would raise the to prevent charter schools—and the have a chance of winning the federal charter cap to 460 schools.Lawmak- public school students they serve— Race, we can’t limp to the finish line. ers also added provisions that would from co-locating in public school We must raise the cap, and quickly. bolster English Language Learner buildings. They want to cap the and Special Education enrollment at number of charters that can operate James Merriman is CEO of the New York charters. And separately, teachers in any given neighborhood, even City Charter School Center.

May 24, 2010 | Crain’s New York Business | 11 20100524-NEWS--0012-NAT-CCI-CN_-- 5/21/2010 3:15 PM Page 1

OPINION

dium on the far West Side and then rezone How Lieber fills Doctoroff’s shoes the area for a new commercial and residential neighborhood. He led he first time I met Bob Lieber, he had come to not about giving back,’’ he said. When Mr. Lieber the rezoning of Green- “It is about doing something inter- succeeded Mr. Docto- point-Williamsburg, introduce himself to the Crain’s editorial board as esting.’’ roff as deputy mayor a made the deals for the the relatively new president of the Economic De- Given all the people who had year later, he had big new baseball stadiums, velopment Corp. He went through his work on come to edit boards insisting they shoes to fill and a clear and behind the scenes were motivated to “give back’’—a mission. After all, his pushed through ap- Wall Street in real estate, and how he had known cliché that ignores the many business predecessor was rou- GREG proval of Atlantic Yards TDan Doctoroff and admired the deputy mayor’s work to bring benefits of civic work—this was a re- tinely compared with DAVID in Brooklyn. the Olympics to New York and remake the city in the process. freshing answer. the larger-than-life More than a few That straightforward approach Robert Moses. personality clashes and Ready to leave Wall Street, he had decided to join the also marked his tenure in city Mr. Doctoroff was the passion bitter public disputes marked the Bloomberg administration because of the challenge. “This is government. behind the effort to first build a sta- Doctoroff years. Mr. Lieber’s task was to complete the Doctoroff agenda by winning approval for plans to redevelop the polluted Willets Point area in Queens and revive the amuse- ment district and surrounding neighborhood in Coney Island, Brooklyn. Willets Point seemed stalled as the existing business owners—some of whom ran substantial firms and many of whom operated less-than- reputable auto shops—dug in. The local councilman,the now infamous Hiram Monserrate, proclaimed his opposition. Mr. Lieber visited the property owners in Willets Point and offered what he believed was reasonable compensation to move elsewhere in the city. When many balked, he kept working until he split the group and inked deals with the most promi- nent businesses, neutralizing them politically. Meanwhile, he essentially shrugged off Mr. Monserrate’s opposition. He kept in touch with the councilman but made it clear he would negotiate a deal with Mr. Monserrate for affordable housing only when a City Council vote on the project was imminent. That’s the only way Mr. Lieber could ensure he wouldn’t later be sand- bagged with new demands. He won with that same steady and low-key approach he had shown in the editorial board meeting. Ditto for Coney Island. In the past two years, Mr. Lieber has been charged with coming up with ideas that would help blunt the impact of the recession and with de- fending the administration’s economic record. When you team with Union Bank®, you’ll experience the strength of a powerful financial partner working on your It isn’t clear whether all those efforts have amounted to much. He behalf. Through our relationship with Mitsubishi UFJ Financial Group, we can seamlessly deliver the global resources failed to win approval for the you need to access financing, mitigate risk and manage your working capital. And you’ll receive the insight and Kingsbridge Armory redevelop- guidance of local experts in over 40 countries. That’s the benefit of a bank immersed in your business. ment in the Bronx,or to win the ar- gument over living wage require- With Union Bank, the world can be an easy place to do business. Call us today. ments that killed it. Commercial Banking: Commercial Treasury Corporate & Institutional Specialized Financial In the end, he will be known for Services: Treasury Services: Services: completing the agenda. It will always be called the Doctoroff era, Bob Garrett Les J. Goodwin Tim Farrell Grant Ahearn and the final grade will depend on Senior Vice President Senior Vice President Vice President Senior Executive whether those projects survive the 415-705-7160 213-236-5159 917-639-4437 Vice President recession and live up to their 213-236-7514 promise.

CRAIN’S WELCOMES outside submissions to its opinion page. You may send a column ©2010 Union Bank, N.A. of 475 words or fewer to Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial organizations. unionbank.com [email protected]. Please include the writer’s name, address and telephone number.

12 | Crain’s New York Business | May 24, 2010 CN013704 5/13/10 5:42 PM Page 1

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866-889-4696 www.rymaxinc.com/crains 20100524-NEWS--0014-NAT-CCI-CN_-- 5/20/2010 8:09 PM Page 1

Retreat REAL ESTATE DEALS PLUS & Meet Saks bags bigger pulling back on ordering and shut- tering less-profitable stores. It re- The Westchester Way Apartment-house space in Chelsea ported net income of $18.8 million, or 11 cents per share, for the period luxury retailer Saks Inc. will ending May 1, compared with a loss sales rebounding consolidate and almost double its of $5.1 million (4 cents per share) Chelsea office space. the same time a year ago. The company—which operates —amanda fung Saks Fifth Avenue, Saks Fifth Av- in Manhattan enue Off 5th and saks.com—signed a 10-year lease for 27,800 square feet 1700 Broadway at three adjoining buildings located lands two leases anhattan apartment-building sales are at 53 W. 23rd St., 49 W. 23rd St. and 30 soaring as buyers take advantage of lower W. 24th St. Asking rent for the space two firms inked separate deals to- was $32 per square foot. taling 26,086 square feet at 1700 prices and increased availability of credit Saks currently occupies space at Broadway. amid an improving economy. In the first four two different locations in the area, Winged Keel Group Inc. signed months of this year, 132 apartment houses according to James Buslik of Adams a 10-year lease for 13,048 square feet escape..... were sold, a 57% surge from the corresponding period in 2009, & Co. Real Estate, who at the 42-story building M represented the landlord, between 53rd and 54th according to Marcus & Millichap Real Estate Investment Twenty Three R.P.Asso- streets. The asking rent Head north for peace aandndd Services. ciates. The retailer will was $58 per square foot. tranquility - be rejuvenated by relocate to its new full- The life-insurance- your meeting! For stress free “In the last four to six months,in- mired in a steep decline, which is seventh-floor space, brokerage firm is moving planning, email your RFP to [email protected] vestor confidence has come back,” also helping to bolster the enthusi- which stretches across from its similarly sized of- says J.D. Parker, a regional manager asm of both buyers and banks when the three buildings,by the fice at 1430 Broadway to at the firm.“People believe we are ei- it comes to stepping into the apart- end of this month. the 34th floor of the office ther at the bottom of prices or close ment-house market.Average asking “They are a presti- tower, owned by Ruben ®NYSDED ®NYSDED to it.” rents at large, market-rate proper- gious tenant with good Cos. Gregg Lorberbaum The average per-square-foot build- ties in Manhattan are expected to credit,” Mr. Buslik says. and Debra Larsen of ing price dropped 10% compared with fall by 2% this year, to $3,364 per “It’s a good sign to see a Centric Real Estate Advi- the prior year, to $421. Mr. Parker month, while effective rents—cal- retailer expand in this en- sors represented the ten- VISIT OUR WEBSITE notes that despite the credit crisis, culated by including factors such as vironment.” 1700 Broadway ant in lease negotiations. bankers are still willing to lend when rent holidays—will likely slip 3% to Alan Bonett of Adams According to Winged they are dealing with stable, cash- $3,176. In 2009, asking rents & Co. represented the tenant. Keel Group, the company will move CRAINSNEWYORK.COM flow-positive multifamily dropped 8% while effective rents On Tuesday,Saks reported that it into its new office in August. dwellings. slumped 9%. returned to profitability during the Additionally, Capital Business Meanwhile, rents are no longer —theresa agovino first quarter of this year as a result of See BROADWAY on Page 16

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14 | Crain’s New York Business | May 24, 2010 CN013678 5/5/10 11:25 AM Page 1

During the worst global recession in living memory, the men and women who work in the factories, ﬁ elds, laboratories, mines, warehouses, stores, oﬃ ces and boardrooms of

produced revenues of $9.76 trillion as well as the second-largest proﬁ t increase since 1955.

This is their story.

REAL ESTATE DEALS PLUS LEASING UP Newmark Knight Frank represent- eatery will take 1,600 square feet on ed the owner in both transactions. East 44th. Hello Pasta will take Broadway upgrade —james comtois 1,800 square feet on Third. All of the deals are 10 years in length. 1.73M SQUARE FEET of Manhattan office Continued from Page 14 ernization of the lobby—which in- The arrival of the three eateries of- space leased in March Credit renewed the lease for its cluded relocation of the building’s Long-vacant corner fers further proof of the midtown 13,038-square-foot office on the entrance from West 53rd Street to draws 3 eateries Third Avenue strip’s ongoing shift 19th floor of 1700 Broadway for an- the Broadway side of the building— away from apparel tenants. other five years.The asking rent was and new elevator cabs. le pain quotidien, Hello Pasta “The apparel guys just aren’t $55 per square foot. According to Jonathon Yormak and a Thai restaurant will split a making it [there],”says Tom Citron, +10 6% GAIN from leasing activity in The commercial finance compa- of Ruben Cos., the upgrades helped 6,200-square-foot ground-floor the Cushman & Wakefield Inc.bro- ny, which specializes in factoring, win over both tenants. “It is reward- space on the corner of Third Avenue ker who, along with colleague March 2009 was represented by Michael Burgio ing that the lobby and elevator reno- and East 44th Street. Robert Gibson, represented Marx Source: CB Richard Ellis Inc. and Michael Gambino of Cushman vations that we are now concluding Le Pain Quotidien signed on for Realty, owner of 708 Third Ave., in all & Wakefield Inc. played a role in these tenants’ deci- 2,800 square feet of ground-floor three transactions. 1700 Broadway recently under- sion-making process,” he says. space, plus a 700-square-foot base- Le Pain Quotidien, which al- popular for its higher-end lunch of- went an upgrade featuring a mod- Peter Shimkin and David Falk of ment on the corner, and the Thai ready has 22 Manhattan outposts, is ferings. It will open in the summer, adding flavor to a neighborhood teeming with lower-cost choices such as Subway.The space has been vacant since 2005 and has been mar- keted by two different brokerages. The asking rent for the corner spot was $200 per square foot; Mr. Cit- ron says it formerly was north of $200, which may have been a con- tributor to its extended vacancy. “[Le Pain Quotidien] had been looking at this corner for a long time, and the opportunity finally present- ed itself where they were able to get a rent that worked for them,” Mr. Cit- ron says. Amira Yunis of Newmark Knight Frank Retail represented Le Pain Quotidien in the transaction. Asking rent for Hello Pasta, represented by Loren Baron at CB Richard Ellis Inc., was $190 per square foot, while the space for the Thai eatery—which was represented by Marc Ellman and Michael Cohen at Ellman Realty Advisors—had an asking price of $100 per square foot. —adrianne pasquarelli Insurance adjuster triples space an 82-year-old insurance-adjust- ing group that specializes in disabil- ity claims is moving a few blocks to a larger, custom-built office. The Special Funds Conservation Committee signed a 10-year, 17,624-square- foot lease at 60 E. 42nd St., aka 1 Talent. Grand Central Place. The asking rent was $50 per square foot. The group On a planet of 6.6 billion, will move out of its current office at 205 E. 42nd it’s still your most precious resource. St. to the Lin- 60 E. 42nd St. coln Building Associates- owned building in the fourth quarter. CoStar Group Inc. lists the SFCC’s current office as 5,000 square feet. According to William Cohen of It’s bigger than all of us. The fact that companies today must Newmark Knight Frank,who,along with colleague Ryan Kass, brokered do so much more with so much less. Which puts a premium the deal for the landlord in-house, on the performance of everyone in your organization. It’s why the SFCC liked the proximity to in- Right Management makes sure your talent strategy aligns with creasingly popular Grand Central. “We’ve been seeing a lot of tenants your business strategy. So each person in your company can that would have gone to the Plaza reach their full potential. The world of work is changing. Is District seeking out prestigious digs your company ready? Sample our thinking on the subject at in Grand Central,” says Mr. Cohen. Jon Fales and Bruce Surry of CB Right.com/talent Richard Ellis represented the tenant in the transaction. —james comtois

16 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0017-NAT-CCI-CN_-- 5/20/2010 8:01 PM Page 1

BIGGEST COMPANIES INSIDE Largest public companies, ranked by annual revenues PAGE 18 ON THE WEB @ WWW.CRAINSNEWYORK.COM/LISTS ➚The whole shebang: our complete list of the area’s 250 biggest public companies, plus performance data In hard times, managers shine

good, disciplined processes in place to begin Clever leadership with,then it’s easier to focus the business when there’s a setback like a recession,” Ms. Mc- allows 25% to grow Grath says. J.P. Morgan’s against-the-odds performance is largely a credit to Chief Executive profits, many despite Jamie Dimon and his team. “J.P. Morgan Chase is definitely one of the best, if not the lower revenues best-managed bank in the country,” says analyst Dick Bove of Rochdale Securities. BY HILARY POTKEWITZ It starts at the top this year’s list of the largest New York-area while many others stumbled and some col- companies is heavily dominated by its losers— lapsed, Mr. Dimon’s bank emerged from the companies that either saw their profits drop in financial crisis as a Wall Street fixer.The Feds 2009 or actually sank into the red. looked to it to pick up the pieces of Bear And then there is a far smaller group: the Stearns in 2008, and later to take over Wash- roughly 25% of those companies that man- ington Mutual. aged to post profits in a dicey 2008 and then PepsiCo, too, charged through the reces- grow them in a difficult 2009. sion head-on.The Purchase, N.Y.-based food The key word is manage. and beverage company, led by CEO Indra “There is a lot to be said for good manage- Nooyi, made two huge acquisitions last year: ment,” says Rita Gunther McGrath, associate It spent $7.8 billion swallowing both of its professor of management at Columbia Busi- largest bottlers,The Pepsi Bottling Group and ness School, noting that there are always a PepsiAmericas. handful of companies that will do well regard- “You’ve got to have all of the skill sets when less of the economy.“What sets these compa- it comes to acquisitions like that,” says Jack

nies apart is a quality of thoughtfulness about Russo, an analyst with Edward Jones.“Indra is harry pulver what and where they cut.” very highly thought of as a CEO. When lead- Among other things, she says, these con- ership at the top is very competent, that tends ing link between good oral care and good health. have dubbed IBM the “post-multinational sistent money-spinners avoid doing anything to trickle down through the acquisition.” Even during a year when many consumers global corporation”because it has spread more that might disrupt customer service, and they PepsiCo’s revenues were unchanged last were opting for cheaper generic products, than just back-office functions around the are loath to risk their futures by cutting re- year compared with 2008, but profits of $5.9 Colgate-Palmolive’s strong brand name held world. It was willing to move major business search-and-development budgets. billion were up 15.6%. Its beverage business sway over millions of people, enough to allow functions worth 80% of revenues—software These New York success stories span a benefited from lower-cost aluminum and the company to mint profits of $2.3 billion,up and business services—to wherever lower- broad range of industries, from pharmaceuti- glass packaging, while snack foods feasted on an impressive 17.1% over 2008. cost engineers were based. cals to fashion and financials. Their triumphs cheap corn. “Even though the economy’s been tough, Last year, IBM cost-cut its way to prof- fell into three categories. “A favorable commodity environment cer- you’re not going to brush your teeth with some itability by doing such things as opening key Companies like J.P. Morgan Chase, Steve tainly helped profits, but to manage these private-label toothpaste,” Mr. Russo says. software service centers in Berlin, Beijing, Madden, Bed Bath & Beyond and J.Crew companies, with all of that product diversity, Dublin, Melbourne and Taipei, which helped powered their higher earnings the old-fash- you have to be good,” Mr. Russo adds. Cost-cutting saves IBM the company slash its U.S.head count by about ioned way, through higher revenues. Colgate-Palmolive’s advantage was and is in for companies in the last of our three cate- 10,000 people. Colgate-Palmolive, PepsiCo, Henry its brand and in a medicine cabinet full of its gories, with earnings that fell last year, an ag- As for 2010, it’s turning out to be more Schein and a few others squeezed out higher market-leading products. The company was gressive management tango was required. eventful than the transitional year of 2009. profits even though 2009 sales were flat. hurt by the global downturn, which kept 2009 IBM saw a 7.6% drop in revenues for 2009,but Commerce-halting volcanic eruptions in Ice- And then there are companies like IBM revenues flat.But through its relentless focus on CEO Samuel Palmisano and his team still land, a spreading Euro-zone debt crisis and a and Tiffany,which managed to produce earn- selling toothpaste, mouthwash and other oral- succeeded in wringing profits of $13.4 billion catastrophic oil spill in the Gulf of Mexico ings growth despite falling revenues, most hygiene products internationally—roughly out of a dismal year, an improvement of 8.8% have already rocked consumers and the mar- commonly by cost-cutting. 80% of overall sales are outside of the United over the previous year. kets, testing management teams throughout “[ Job cuts] are not fun, but if you’ve got States—the company capitalized on the grow- It wasn’t easy, according to analysts, who New York yet again.

BIG PICTURE CLEAR SIGNS TOTAL REVENUE TOTAL NET INCOME LARGEST SECTORS, BY REVENUE2 of improvement in New York’s 250 biggest public companies are appar- ent in readings on stock market value, profits and revenues. TOTAL MARKET CAP 1

1-Market capitalization: the closing stock price on April 23, 2010, multiplied by the number of common shares outstanding for the most recent quarter. 2-Data for the largest sectors are for the top 25 companies. Sources: Crain’s research; Capital IQ, a Standard & Poor’s business

May 24, 2010 | Crain’s New York Business | 17 20100524-NEWS--0018-NAT-CCI-CN_-- 5/20/2010 6:43 PM Page 1

REPORT BIGGEST COMPANIES NY Area’s Largest Publicly Held Companies Ranked by annual revenues

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B ! ' $>A71=81B5> "(% ;@3@5;3>E7DH;57E (3D=H7 &7I1AD= &1 III D? =3 @ ? ;@3@5;3>E7DH;57E (3D=H7 &7I1AD= &1 III 5;F;9DAGB 5A? ,5A9I>=><=B =3 .2 ,7>75A??G@;53F;A@E /7EF+F &7I1AD= &1 III H7D;LA@ 5A? <5A931= =C5A=1C9>=1;A>D? =3 ! @ ? !@EGD3@57 No. 18 (;@7+F &7I1AD= &1 III 3;95ADBAD3F7 5A? Pharmaceuticals giant =C5A=1C9>=1;DB9=5BB$1389=5B>A? !% A?BGF7DE3@6A88;57BDA6G5FE Bristol-Myers Squibb &7I'D5:3D6*A36 D?A@= &1 III ;4? 5A? Co. rode its two best- '89;9?$>AA9B =C5A=1C9>=1; (% ,A4355A 8AA63@647H7D397BDA6G5FE selling drugs, blood- (3D=H7 &7I1AD= &1 III B:;>;B?ADD;E;@F7D@3F;A@3> 5A? thinner Plavix and $543> 51;C8)>;DC9>=B =3 % + (:3D?35K47@78;FE?3@397?7@F antipsychotic Abilify, (3DEA@E(A@6D;H7 D3@=>;@$3=7E &" III ?765A 5A? which make up one- >;4<1=)138BA>D? =3 + +75GD;F;7E third of its revenue. It /7EF+F &7I1AD= &1 III 9A>6?3@E35:E 5A? also slashed 10,000 '69I5A =3 ( (:3D?357GF;53>E jobs in a cost-cutting @6+F &7I1AD= &1 III B8;L7D 5A? campaign. Profits '5?B9> =3 (( AA63@647H7D397BDA6G5FE soared to $10.6 billion, @67DEA@ ;>>*A36 (GD5:3E7 &1 III B7BE;5A 5A? double 2008 earnings. $5C#965 =3 %, @ ? !@EGD3@57 In addition, Bristol- (3D=H7 &7I1AD= &1 III ?7F>;87 5A? Myers won a lawsuit vs. 'AD45=C91;9=1=391; =3 (*- @ ? !@EGD3@57 a maker of generic DA36+F &7I3D= &" III BDG67@F;3> 5A? drugs for producing %5FB>A? &/+ @ ? @F7DF3;@?7@F3@6?76;3 Plavix illegally. +;JF:H7 &7I1AD= &1 III @7IE5ADB 5A? $>A71=)C1=;5H %+ +75GD;F;7E DA36I3K &7I1AD= &1 III ?AD93@EF3@>7K 5A? 5BB>A? + (7FDA>7G? +;JF:H7 &7I1AD= &1 III :7EE 5A? <5A931=G?A5BB> 0( ;@3@5;3>E7DH;57E .7E7K+F &7I1AD= &1 III 3?7D;53@7JBD7EE 5A? No. 25 *9<5-1A=5A =3 ,/0 @ ? @F7DF3;@?7@F ?76;33@6A@>;@7E7DH;57E For Viacom Inc., last ,;?7/3D@7D7@F7D &7I1AD= &1 III F;?7I3D@7D 5A? year’s profits were all A9BC>; $H5AB)@D922> %1 (:3D?357GF;53>E about summer (3D=H7 &7I1AD= &1 III 4?E 5A? blockbusters ;3>1 =3 @ ? >G?;@33@63>G?;@G?BDA6G5FE Transformers: Revenge (3D=H7 &7I1AD= &1 III 3>5A3 5A? of the Fallen, Star Trek and Paranormal *9<5-1A=5A12;5 =3 ,/ @ ? 34>7F7>7H;E;A@3@6F7>75A??G@;53F;A@E A>G?4GE;D5>7 &7I1AD= &1 III F;?7I3D@7D534>7 5A? Activity, which offset declining revenues in # ><=B >;49=7B =3 $$$ 7DAEB3573@66787@E7 ,:;D6H7 &7I1AD= &1 III > 5A? 5A? nearly every other division. Meanwhile, >;71C5 '1;<>;9E5> $ 73>F:3@6473GFK3;6E flagship cable channel (3D=H7 &7I1AD= &1 III 5A>93F7 5A? MTV got a management AA>F;53CA>=93B =3 */ @ ? >75FDA@;5E makeover and a new %3D5GED;H7 %7>H;>>7 &1 III 3DDAI 5A? slate of shows, #>5FB>A? $ A>6;@95A?B3@K including Jersey Shore. %36;EA@H7 &7I1AD= &1 III >A7IE 5A? ,913>< =3 .! ;>?BDA6G5F;A@3@6534>7F7>7H;E;A@ DA36I3K &7I1AD= &1 III H;35A? 5A? >=B>;941C5449B>= =3 >75FD;53@693EGF;>;FK !DH;@9(>357 &7I1AD= &1 III 5A@76;EA@ 5A? )>A? + @ ? @F7DF3;@?7@F3@6?76;3 / @6+F &7I1AD= &1 III 54E5ADBAD3F;A@ 5A? 'D2;93)5AE935=C5A?A9B5A>D? =3 ( >75FD;53@693EGF;>;FK (3D=(>3L3 &7I3D= &" III BE79 5A? No. 38 &<=93><A>D? =3 '% 6H7DF;E;@9397@5;7E Home-goods retailers %36;EA@H7 &7I1AD= &1 III A?@;5A?9DAGB 5A? like Bed Bath & **>A? !,, 787@E7EKEF7?E3@6E7DH;57E Beyond Inc. have /7EF5:7EF7DH7 /:;F7(>3;@E &1 III ;FF 5A? suffered during the $1AB8$3#5==1=>B %% @ ? !@EGD3@57 housing-market +;JF:H7 &7I1AD= &1 III ??5 5A? meltdown. Without E>='A>4D3CB =3 .( 73>F:3@6473GFK3;6E homebuyers outfitting +;JF:H7 &7I1AD= &1 III 3HA@5A?B3@K 5A? their new pads, sales DC><1C931C1'A>35BB9=7 =3 ( 3F3BDA57EE;@9 dropped. In response, (>H6 *AE7>3@6 &" III 36B 5A? the company—which A51CC;1=C93'139693*51> ( @ ? DA57DKEFAD7E also owns Christmas (3D39A@D;H7 %A@FH3>7 &" III 3BF73 5A? Tree Shops, Harmon BBDA1=C =3 !2 !@EGD3@57 and Buy Buy Baby—cut :3E7%3@:3FF3@(>3L3 &7I1AD= &1 III 3EEGD3@F 5A? costs, slowed 1=:>6%5F/>A:$5;;>=>A? # @ ? 3@=;@9 expansion and /3>>+F &7I1AD= &1 III 4@K?7>>A@ 5A? unleashed a blizzard of coupons. Sales came 318==C5A?A9B5B !( @ ? G;>6;@9AB7D3FAD ;8F:H7 &7I1AD= &1 III ;7>B 5A? back last year, helped by a stronger economy 541C85H>=4 =3 1 A?7EF;59AA6E3@6:A?78GD@;E:;@9E III 47643F:3@647KA@6 5A? and the liquidation of $;47DFKH7 -@;A@ &" main competitor 12;5E9B9>=)HBC5A? . @ ? 34>73@6B3KF7>7H;E;A@ Linens ’n Things. +F7I3DFH7 7F:B397 &1 III 534>7H;E;A@ 5A?

bloomberg news

18 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0019-NAT-CCI-CN_-- 5/20/2010 6:44 PM Page 1

REPORT BIGGEST COMPANIES

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B BCJ5#1D45A>B $ 73>F:3@6473GFK3;6E ;8F:H7 &7I1AD= &1 III 7>5A?B3@;7E 5A? 53C>=93:9=B>=> 0 %76;53>7CG;B?7@F3@6EGBB>;7E 75FA@D;H7 D3@=>;@$3=7E &" III 46 5A? 5ACI;>21; >;49=7B =3 ,2 @ ? ,DG5=;@9 D37>H6 (3D=*;697 &" III :7DFL 5A? 5=AH)3859= =3 +! %76;53>3@6:AEB;F3>7CG;B?7@F GDK73*A36 %7>H;>>7 &1 III :7@DKE5:7;@ 5A? =C5A?D2;93A>D?>6>;5 5A? $3A1F 9;;>B % ( (G4>;E:;@93@6;@8AD?3F;A@E7DH;57E +;JF:H7 &7I1AD= &1 III ?59D3I :;>> 5A? No. 43 >E5A>A? '. !@6GEFD;3>7CG;B?7@F Dental-supply company (3D=H7 &7I1AD= &1 III 6AH7D5ADBAD3F;A@ 5A? Henry Schein Inc. has !1A45=>A? " @ ? A@EG?7DBDA6G5FE a lot to smile about. Its ,:7A6AD7D7?6H7 *K7 &1 III <3D67@ 5A? products are used in 1A=5B%>2;5 =3 #+ AA=EFAD7E about 85% of U.S. ;8F:H7 &7I1AD= &1 III 43D@7E3@6@A4>7;@5 5A? dental offices, and its $1BC5A1A4 =3 % @ ? (3K?7@FEA>GF;A@E 2009 acquisition of a (GD5:3E7+F (GD5:3E7 &1 III ?3EF7D53D6 5A? veterinary-supply company put its '>;>(1;?8#1DA5=>A? *$ BB3D7> %36;EA@H7 &7I1AD= &1 III BA>A 5A? products in three- quarters of U.S. animal- +=9E5AB1;<5A931=>A? -% !@EGD3@57 !@F7D@3F;A@3>D;H7 *K7DAA= &1 III G385 5A? health practices. Meanwhile, Schein’s >>C#>3:5A =3 $ @ ? +:A7EFAD7E III 8AAF>A5=7D ;@5 5A? medical-supply unit / F:+F &7I1AD= &1 serves about 45% of )C1AF>>4 >C5;B(5B>ACB->A;4F945 =3 ', AF7>E office-based /7EF5:7EF7DH7 /:;F7(>3;@E &1 III EF3DIAA6:AF7>E 5A? physicians’ practices, ;13:(>3: =3 $# !@H7EF?7@F36H;57 so any health care @6+F &7I1AD= &1 III 4>35=DA5= 5A? legislation that gets %/)DA>=5GC =3 &10 @ ? +FA5=?3D=7F more people into their /3>>+F &7I1AD= &1 III @KE7 5A? doctors’ offices is good *A1=B1C;1=C93 >;49=7B =3 ,* !@EGD3@57 for business. (;@7+F &7I1AD= &1 III FD3@ED7 5A?

istock photo Continued

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May 24, 2010 | Crain’s New York Business | 19 20100524-NEWS--0020-NAT-CCI-CN_-- 5/20/2010 6:45 PM Page 1

REPORT BIGGEST COMPANIES

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B =3 +A8FI3D7 A?BGF7DEEA5;3F7E(>3L3 !E>3@6;3 &1 III 53 5A? )51;549A>A? + (35=39;@9 *;H7D8DA@F>H6 >?IAA6(3D= &" III E73>763;D 5A? *A>D? =3 !, @ ? A??7D5;3>3@65A@EG?7D8;@3@57 ;8F:H7 &7I1AD= &1 III 5;F 5A? <2139=1=391;A>D? =3 # @ ? @ ? !@EGD3@57 +F3F7+FD77F(>3L3 &7I1AD= &1 III 3?435 5A? >A5BC#12>A1C>A95B =3 *0 (:3D?357GF;53>E ,:;D6H7 &7I1AD= &1 III 8DJ 5A? No. 67 $ =4DBCA95B =3 % @H;DA@?7@F3>3@6835;>;F;7EE7DH;57E Cognizant Technology ;8F:H7 &7I1AD= &1 III 34? 5A? Solutions Corp. ==1;H1?9C1;$1=175<5=C =3 &$1 *73>7EF3F7;@H7EF?7@FFDGEF entered the Fortune +;JF:H7 &7I1AD= &1 III 3@@3>K 5A? 1000 in 2008, and last %1B41@&$.A>D? =3 &) >75FDA@;5EFA5=?3D=7F year, the IT-outsourcing $;47DFK(>3L3 &7I1AD= &1 III @3E63CFD367D 5A? firm proved it belongs. !>=5B??1A5;A>D? =3 "&1 @ ? BB3D7> Profits surged by 24%, DA36I3K &7I1AD= &1 III <@K 5A? to $535 million, on higher revenues. It !5C;D59AF1HB>A? "$- @ ? ;D>;@7 )G77@E>H6 AD7EF ;>>E &1 III <7F4>G7 5A? picked up more clients seeking to streamline >7=9I1=C*538=>;>7H)>;DC9>=B>A? ,+ +A8FI3D7 D3@=/ GDD>H6 ,73@75= &" III 5A9@;L3@F 5A? operations, and reined in costs by siting &# =3 '$ @ ? !@F7D@7FEA8FI3D73@6E7DH;57E software-development DA36I3K &7I1AD= &1 III 5ADB 3A> 5A? centers in Budapest, >138 =3 ' $73F:7DBDA6G5FE Buenos Aires, Manila, / F:+F &7I1AD= &1 III 5A35: 5A? Shanghai, and nine -1A=5A$DB93A>D?>A? /% @ ? *75AD6>347>E cities throughout India. *A5=787>>7D(>3L3 &7I1AD= &1 III I?9 5A?

istock photo welcomemat3.pdf 1 5/20/10 4:11 PM

20 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0021-NAT-CCI-CN_-- 5/20/2010 6:45 PM Page 1

REPORT BIGGEST COMPANIES

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B )HBC5<1G =3 +10 A?BGF7DE3@6D7>3F76BDA6G5FE 3D4AD(3D=D;H7 (ADF/3E:;@9FA@ &1 III EKEF7?3J 5A? #9I;192>A=5 =3 $!2 @ ? BB3D7> DA36I3K &7I1AD= &1 III >;L5>3;4AD@7 5A? D4B>=9CH1=3>A? =3 # 3@=;@9 /7EF 7@FGDK*A36 (3D3?GE &" III :54= 5A? $ =3 %! @ ? @ ? !@EGD3@57 No. 78 #;@9+F D?A@= &1 III ?4;3 5A? While other jewelers fell $;>21; >;49=7B % @ ? !@H7EF?7@F43@=;@93@64DA=7D397 into a discounting ;8F:H7 &7I1AD= &1 III ?89>A43> 5A? frenzy, Tiffany & Co. *A1459=1=391;>A? , @ ? ;@3@5;3>E7DH;57E held its pricing F:+F &7I1AD= &1 III 7FD367 5A? structure. Sales of ,>A=14>(51;CH*ADBC .&' *73>7EF3F7;@H7EF?7@FFDGEF “statement jewelry”— +7H7@F:H7 &7I1AD= &1 III H@A 5A? pieces priced at more *9661=H> ,! "7I7>DKEFAD7E than $50,000— ;8F:H7 &7I1AD= &1 III F;883@K 5A? slumped, but the 5;75=5>A? $ @ ? ;AF75:@A>A9K company shifted its %ADD;EH7 +G??;F &" III 57>97@7 5A? focus to moderately )1:B =3 +#+ @ ? 7B3DF?7@FEFAD7E priced lines like its F:+F &7I1AD= &1 III E3=E;@5ADBAD3F76 5A? 2009 signature pieces, %*/ =3 &,1 (:3D?357GF;53>E the Tiffany Keys +?;F:FAI@H7 *A@=A@=A?3 &1 III @4FK 5A? collection. With ( 1A4 =3 * %76;53>7CG;B?7@F3@6EGBB>;7E pendants from $150 to 7@FD3>H7 %GDD3K ;>> &" III 5D43D6 5A? $35,000, Keys was the best-selling collection in !5665A95BA>D? =3 " @ ? +75GD;F;7E %36;EA@H7 &7I1AD= &1 III <7887D;7E 5A? store history.

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May 24, 2010 | Crain’s New York Business | 21 20100524-NEWS--0022-NAT-CCI-CN_-- 5/20/2010 6:46 PM Page 1

REPORT BIGGEST COMPANIES

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B )9A9DB)1C5;;9C5(149> =3 +!*! @ ? E3F7>>;F7D36;A +;JF:H7 &7I1AD= &1 III E;D;GE 5A? %5F/>A:*9<5B> &1, @ ? (G4>;E:;@9 ;9:F:H7 &7I1AD= &1 III @KF5A 5A? '89;;9?B ,1= 5DB5=>A? (. BB3D7> %36;EA@H7 &7I1AD= &1 III BH: 5A? '1;;>A? ($$ !@6GEFD;3>7CG;B?7@F 3D4AD(3D=D;H7 (ADF/3E:;@9FA@ &1 III B3>> 5A? =C5A=1C9>=1;;1E>ABA17A1=35B =3 ! DF;8;5;3>8>3HADE3@63DA?3E / F:+F &7I1AD= &1 III ;88 5A? No. 91 JA>?>BC1;5 =3 *' BB3D7>EFAD7E Although many apparel / F:+F &7I1AD= &1 III 37DABAEF3>7 5A? companies saw profits A>14A94759=1=391;)>;DC9>=B =3 * 3F3BDA57EE;@9 wither during the %3D5GEH7 $3=7+G557EE &1 III 4DA36D;697 5A? downturn, Warnaco -1A=13>A>D? =3 /* BB3D7> Group Inc.’s earnings +7H7@F:H7 &7I1AD= &1 III I3D@35A 5A? doubled, to $96 )38>;1BC93>A? + $ @ ? (G4>;E:;@9 million, due largely to DA36I3K &7I1AD= &1 III E5:A>3EF;5 5A? its international ==*1H;>A)C>A5B>A? && @ ? BB3D7>EFAD7E business. The ,;?7E+CG3D7 &7I1AD= &1 III 3@@F3K>AD 5A? manufacturer earns $->A;4F945>A? %/ 3?7D3EKEF7?E >;5AD;577JFD35F more than one-half of @6+F &7I1AD= &1 III ?3@68IAD>6I;67 5A? its money overseas. $>>4HB>A? %' D76;FD3F;@9397@5K Back home, its Speedo D77@I;5:+F &7I1AD= &1 III ?AA6KE 5A? unit renewed its sponsorship of %5F/>A:><A? =3 &1 3@=;@9 %7DD;5=H7 /7EF4GDK &1 III ?K@K54 5A? swimming phenom Michael Phelps through ;13:BC>=5A>D? 0 @ ? @ ? ;@3@5;3>E7DH;57E 2013. (3D=H7 &7I1AD= &1 III 4>35=EFA@7 5A?

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22 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0023-NAT-CCI-CN_-- 5/20/2010 6:47 PM Page 1

REPORT BIGGEST COMPANIES

A5E5=D5B =5C9=3><5 (1=: >; '8>=5 -52B9C5 9=<9;;9>=B 381=75 9=<9;;9>=B 381=75 =4DBCAH >65H55B D=A14BCA55C>A? & !@8AD?3F;A@E7DH;57E "#(3D=I3K +:ADF ;>>E &" III 6@4 5A? 89;4A5=B';135(5C19;)C>A5B =3 ($ BB3D7>EFAD7E (>3L3D;H7 +753G5GE &" III 5:;>6D7@EB>357 5A? !>8=-9;5H)>=B =3 "/ (G4>;E:;@9 *;H7D+F A4A=7@ &" III I;>7K 5A? ! A5FA>D? =3 " BB3D7>EFAD7E DA36I3K &7I1AD= &1 III <5D7I 5A? >E1=C1 >;49=7>A? . !@EGD3@57 $3@7*A36 3;D8;7>6 &" III 5AH3@F3:A>6;@9 5A? No. 101 *>A? !, @ ? ,7>75A??G@;53F;A@E Preppy-chic clothier DA36+F &7I3D= &" III ;6F @7F J.Crew Group Inc. $) =4DBCA91;9A53C> %+% !@6GEFD;3>BDA6G5FE started 2009 at the %3J7EE*A36 %7>H;>>7 &1 III ?E56;D75F 5A? center of the free world: -5978C-1C385AB =C5A=1C9>=1; =3 /,/ /7;9:F >AEEE7DH;57E While President Barack %36;EA@H7 &7I1AD= &1 III I7;9:FI3F5:7DE;@F7D@3F;A@3> 5A? Obama was being =C5A3C9E5>A? !! @ ? ,7>7H;E;A@3@6!@F7D@7F;@F7D7EFE sworn into office, soon- / F:+F &7I1AD= &1 III ;35 5A? to-be first lady Michelle 9>)3A9? =3 !'+ @ ? (:3D?35K47@78;FE?3@397?7@F >73D4DAA=*A36 >?E8AD6 &1 III 4;AE5D;B 5A? Obama was holding Lincoln’s Bible and (5E;>= =3 *. 73>F:3@6473GFK3;6E (3D=H7 &7I1AD= &1 III D7H>A@ 5A? wearing a pair of J.Crew ,9;;175)D?5A$1A:5C =3 .$ DA57DKEFAD7E sage green leather %AG@F3;@H7 +BD;@98;7>6 &" III E:ABD;F7 5A? gloves. The Obama girls A966>=>A? @ ? +B75;3>FK4G;>6;@9BDA6G5FEEKEF7?E looked adorable in their ;8F:H7 &7I1AD= &1 III 9D;88A@5ADB 5A? brightly colored J.Crew '1A'81A<135DC931;>B (*0 @ ? (:3D?357GF;53>E coats. Orders flooded ,;57>H6 /AA65>;88$3=7 &" III B3DB:3D? 5A? the company’s website ;;5781=H>A? 1 !@EGD3@57 ?;@7D3>BDA6G5FE all week, crashing its ,;?7E+CG3D7,AI7D &7I1AD= &1 III 3>>79:3@K 5A? servers multiple times. "=978C1?9C1;A>D? =3 &!, +75GD;F;7E Ms. Obama continues /3E:;@9FA@>H6 "7DE7K;FK &" III =@;9:F 5A? to wear J.Crew, and '1AC=5AB =3 ( @ ? >75FDA@;5E75GD;F;7EFD36;@9 people like her style. (3D=H7 &7I1AD= &1 III 495B3DF@7DE 5A? Company revenues 19=5;5BC91;A>D? =3 !& @ ? AA63@647H7D397BDA6G5FE + +7DH;57*A36 %7>H;>>7 &1 III :3;@ 57>7EF;3> 5A? were up 11% last year, while earnings more #5D31491%1C9>=1;>A? $-# @ ? !@EGD3@57 (3D=H7 +AGF: &7I1AD= &1 III >7G536;3 5A? than doubled, to $123 &E5AB51B)89?8>;49=7A>D? =3 '+ +:;BB;@9 million. ,:;D6H7 &7I1AD= &1 III AE9 5A? newscom Continued

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May 24, 2010 | Crain’s New York Business | 23 20100524-NEWS--0024-NAT-CCI-CN_-- 5/20/2010 6:47 PM Page 1

REPORT BIGGEST COMPANIES

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o. 120 / D6+F &7I1AD= &1 III @K3@65A?B3@K 5A? Atlas Air Worldwide #>A1;)?135><=B =3 $'*$ @ ? A??G@;53F;A@E7CG;B?7@F Holdings Inc.’s fleet of ,:;D6H7 &7I1AD= &1 III >AD3> 5A? Boeing 747s and staff &??5=859<5A >;49=7B =3 '(1 @ ? /73>F:?3@397?7@F ;@H7EF?7@F43@=;@9 of flight crews are DA36+F &7I1AD= &1 III AB5A 5A? leased out for freight *>F5AA>D? =3 ,/ ( !@EGD3@57 and charter flights. DA36I3K &7I1AD= &1 III FID9DB 5A? Customers include *1:5 *F> =C5A13C9E5)>6CF1A5 =3 ,,/' @ ? +A8FI3D7 cargo companies, DA36I3K &7I1AD= &1 III F3=793?7E 5A? airlines and %1C9>=1;9=1=391;'1AC=5AB>A? &( @ ? ;@3@5;3>E7DH;57E governments. Earnings %36;EA@H7 &7I1AD= &1 III @8B 5A? rose 22% last year to )395=C96931<5B>A? + %+ @ ? /397D;@93@6>AFF7DKEKEF7?E $77.8 million, driven by $7J;@9FA@H7 &7I1AD= &1 III E5;7@F;8;593?7E 5A? increased military "9<3>(51;CH>A? #!% @ ? *73>7EF3F7;@H7EF?7@FFDGEF business and cost- &7I K67(3D=*A36 &7I K67(3D= &1 III =;?5AD73>FK 5A? cutting. Atlas also won a contract with the )9G;17B =3 +!0 @ ? ?GE7?7@FB3D=E DA36I3K &7I1AD= &1 III E;J8>39E 5A? United States-Africa Energy Association to $9=5A1;B*538=>;>795B =3 %,0 @ ? %;@7D3>BDA6G5FE $7J;@9FA@H7 &7I1AD= &1 III ?;@7D3>EF75: 5A? operate a private charter service between $>=BC5A->A;4F945 =3 %// '@>;@753D77DE7DH;57E3@636H7DF;E;@9 Houston and Luanda, ,:;D6H7 &7I1AD= &1 III ?A@EF7DIAD>6I;67 5A? Angola. The three-flight- 9)C1A9=1=391; =3 +! @ ? *73>7EF3F7;@H7EF?7@FFDGEF per-week service is +;JF:H7 &7I1AD= &1 III ;EF3D8;@3@5;3> 5A? targeted at oil A>D? =3 ! +75GD;F;7E executives. /3F7D+F &7I1AD= &1 III 98;9DAGB 5A? ??1A5;A>D? !!! @ ? BB3D7> +7H7@F:H7 &7I1AD= &1 III 9 ;;; 5A? %1E971C>ABA>D? =3 &. !@EGD3@57 (7@@(>3L3 &7I1AD= &1 III @3H9 5A? ' =4DBCA95B =3 (! (>3EF;5BDA6G5FE (:;>>;BEH7 +AGF: 35=7@E35= &" III 37B;@5 5A? advisoryad6x3h.pdf 1 5/18/10 1:07 PM

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24 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0025-NAT-CCI-CN_-- 5/20/2010 7:57 PM Page 1

REPORT BIGGEST COMPANIES

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o. 147 $7J;@9FA@H7 &7I1AD= &1 III ::9DAGB 5A? Vitamin Shoppe Inc. >F=5> & @ ? A??7D5;3>BD;@F;@9 had a bang-up body- /3F7D+F &7I1AD= &1 III 4AI@7 5A? building year, raising ,9C1<9=)8>??5 =3 .+! .;F3?;@E @GFD;F;A@3>EGBB>7?7@FE $155 million in an IPO EF+F &ADF:7D97@ &" III H;F3?;@E:ABB7 5A? in October and hitting %D >A9I>=B;53CA>=93B>A? &- @ ? >75FDA@;5E the ground at a trot. The %3J7EE*A36 %7>H;>>7 &1 III @G:AD;LA@E 5A? company was bought in ,5A9=C)HBC575A??G@;53F;A@E 2002 by Bear Stearns, + +7DH;57*A36 %7>H;>>7 &1 III H7D;@FEKEF7?E 5A? and it had gotten mired A1<5A3H1?9C1;>A? ## @ ? *73>7EF3F7;@H7EF?7@FFDGEF in the Wall Street firm’s $7J;@9FA@H7 &7I1AD= &1 III 9D3?7D5K53B;F3>5ADB 5A? collapse. Vitamin Shoppe’s 400 stores =E5BC<5=C*538=>;>7HA>D? =3 !, +75GD;F;7EFD36;@9E7DH;57E %36;EA@H7 &7I1AD= &1 III ;F9;@5 5A? offer about 8,000 brands of vitamins and ><=B>A? %,$ A??G@;53F;A@E7CG;B?7@F III 5A?F75:F7> 5A? supplements, as well + +7DH;57*A36 %7>H;>>7 &1 as another 20,000 >ACA5BB =E5BC<5=CA>D? ! @ ? ;@3@5;3>E7DH;57E products online, and +;JF:H7 &7I1AD= &1 III 8ADFD7EE;@H 5A? nutrition nuts are ><6>A35>A? + @ ? 7>BEGBB>KE7DH;57E buying: Earnings DAEEI3KE(3D=D;H7 /AA64GDK &1 III 5A?8AD57 5A? jumped 55% last year #9=3>;=4D31C9>=1;)5AE935B>A? $!& (AEFE75A@63DK76G53F;A@3>E7DH;57E to $12.7 million. J75GF;H7D;H7 /7EF'D3@97 &" III >;@5A>@76G53F;A@3>E7DH;57E 5A? +AGD573B;F3>!) 3+F3@63D6(AADME4GE;@7EE III 53B;F3>;C 5A?366;F;A@3>D7E73D5:4K7@;E7+AGF:IAA6 %3;3>G?73@6+7>7@3+:7@ %5F />A: 1A51 ;@5>G67E &7I 1AD= ;FK 3@6 &3EE3G +G88A>= 3@6 /7EF5:7EF7D 5AG@F;7E ;@ &7I 1AD= 3@6 7D97@ EE7J G6EA@ 3@6 -@;A@ 5AG@F;7E ;@ &7I "7DE7K >> 5A?B3@;7E >;EF76 I7D7 :736CG3DF7D76 ;@ F:7 &7I 1AD= 3D73 3@6 BG4>;5>K FD3676 3E A8 BD;> 3@6 F:7K :36 D7>73E76 F:7;D 73D@;@9E 63F3 4K F:3F 63K G@>7EE AF:7DI;E7 @AF76 >> 8;@3@5;3> 8;9GD7E 3D7 8DA? F:7 ?AEF D757@F #E AD @7IEI;D7 63F3 3H3;>34>7 3E A8 BD;> 3@6 3D7 8AD F:7 53>7@63D K73D 7J57BF I:7D7 @AF76 ,:7 ?AEF D757@F 63F3 8AD 5A?B3@;7E I;F: 8;E53> K73DE 7@6;@9 ;@ %3D5: F:DAG9: 757?47D 3D7 8AD F:7 K73D 7@676 ;@ 3@6 F:7 ?AEF D757@F 63F3 8AD 5A?B3@;7E I;F: 8;E53> K73DE 7@6;@9 ;@ "3@G3DK 3@6 74DG3DK 3D7 8AD F:7 K73D 7@676 ;@ 7J57BF I:7D7 @AF76 *7EG>FE 8DA? BD7H;AGE K73DE 3D7 BDAH;676 8AD F:AE7 5A?B3@;7E 8AD I:;5: ;@8AD?3F;A@ ;E @AF 3H3;>34>7 ?B>AK77 @G?47DE 3D7 8DA? F:7 ?AEF D757@F #E >> @G?47DE :3H7 477@ DAG@676 FA A@7 675;?3> B>357 *3@=;@9E 3@6 B7D57@F 5:3@97E 3D7 43E76 A@ G@DAG@676 @G?47DE @ ? &AF ?73@;@98G> A@7 AD 4AF: 63F3 BA;@FE 3D7 @793F;H7 3@6 B7D57@F 5:3@97 53@@AF 47 53>5G>3F76 ;E53> K73D 7@6E "G@7 ;E53> K73D 7@6E 74 ;E53> K73D 7@6E +7BF ;E53> K73D 7@6E "3@ ;E53> K73D 7@6E %3D5: ;E53> K73D 7@6E '5F ;E53> K73D 7@6E "G>K ;E53> K73D 7@6E %3K ;E53> K73D 7@6E BD;> ;E53>K73D7@6EG9 ;E53>K73D7@6E"3@ 3F33D78AD 3@6 ➚➚ PURCHASE THE FULL LIST OF THE TOP 250 PUBLICLY HELD COMPANIES AND ALL OF CRAIN’S BUSINESS LISTS @ WWW.CRAINSNEWYORK.COM/LISTS ALPHABETICAL LISTING OF COMPANIES

COMPANY RANK COMPANY RANK COMPANY RANK

1-800-Flowers.com Inc...... 142 GFI Group Inc...... 135 National Financial Partners Corp...... 128 ABM Industries Inc...... 62 G-III Apparel Group ...... 136 Navigators Group Inc...... 137 AEP Industries Inc...... 138 Goldman Sachs Group Inc...... 8 NBTY Inc...... 81 Aéropostale Inc...... 89 Gramercy Capital Corp...... 150 New York & Co...... 123 Alcoa Inc...... 19 Great Atlantic & Pacific Tea Co...... 34 New York Community Bancorp Inc...... 96 Alleghany Corp...... 112 Griffon Corp...... 110 New York Times Co...... 85 Ambac Financial Group Inc...... 60 Hain Celestial Group Inc...... 115 News Corp...... 13 American Express Co...... 16 Henry Schein Inc...... 43 Nu Horizons Electronics Corp...... 148 American International Group Inc...... 4 Hertz Global Holdings Inc...... 42 NYSE Euronext Inc...... 55 AmTrust Financial Services Inc...... 140 Hess Corp...... 15 Och-Ziff Capital Management Group ...... 139 Ann Taylor Stores Corp...... 93 Hudson City Bancorp Inc...... 73 Omnicom Group Inc...... 29 Annaly Capital Management Inc...... 63 Hudson Highland Group Inc...... 145 Oppenheimer Holdings Inc...... 125 AOL Inc...... 68 IAC/InterActiveCorp ...... 106 Overseas Shipholding Group Inc...... 117 Arrow Electronics Inc...... 23 Icahn Enterprises ...... 37 Pall Corp...... 87 Assurant Inc...... 35 IDT Corp...... 103 Par Pharmaceutical Cos...... 111 Astoria Financial Corp...... 118 International Business Machines Corp...... 5 PepsiCo Inc...... 10 Atlas Air Worldwide Holdings Inc...... 120 International Flavors & Fragrances Inc...... 88 Pfizer Inc...... 9 Automatic Data Processing Inc...... 33 Interpublic Group of Companies Inc...... 44 Philip Morris International ...... 6 Avon Products Inc...... 32 Investment Technology Group Inc...... 151 Phillips-Van Heusen Corp...... 86 Bank of New York Mellon Corp...... 36 iStar Financial Inc...... 134 Polo Ralph Lauren Corp...... 50 Barnes & Noble Inc...... 48 ITT Corp...... 30 Prudential Financial Inc...... 12 Becton Dickinson & Co...... 41 J.Crew Group Inc...... 101 Public Service Enterprise Group Inc...... 28 Bed Bath & Beyond Inc...... 38 J.P. Morgan Chase & Co...... 1 Revlon Inc...... 108 BGC Partners Inc...... 114 Jarden Corp...... 47 Saks Inc...... 80 BioScrip Inc...... 107 Jefferies Group Inc...... 83 Scholastic Corp...... 92 BlackRock Inc...... 54 JetBlue Airways Corp...... 66 Scientific Games Corp...... 129 Blackstone Group ...... 97 John Wiley & Sons Inc...... 100 Sealed Air Corp...... 58 Bowne & Co...... 146 Jones Apparel Group Inc...... 65 Sirius Satellite Radio Inc...... 84 Bristol-Myers Squibb Co...... 18 Kimco Realty Corp...... 130 Sirona Dental Systems Inc...... 143 Broadridge Financial Solutions Inc...... 90 Knight Capital Group Inc...... 113 Six Flags Inc...... 131 C.R. Bard Inc...... 82 L-3 Communications Holdings Inc...... 21 SL Green Realty Corp...... 122 CA Inc...... 57 Leucadia National Corp...... 116 Standard Motor Products Inc...... 141 Cablevision Systems Corp...... 39 Lincoln Educational Services Corp...... 155 Starwood Hotels & Resorts Worldwide . . . . .53 CBS Corp...... 27 Liz Claiborne Inc...... 72 Systemax Inc...... 71 Celgene Corp...... 79 Loews Corp...... 24 Take-Two Interactive Software Inc...... 127 Children’s Place Retail Stores Inc...... 99 Loral Space & Communications Inc...... 124 Tiffany & Co...... 78 CIT Group Inc...... 59 M&F Worldwide Corp...... 94 Time Warner Cable Inc...... 20 Citigroup Inc...... 2 Macquarie Infrastructure Co...... 144 Time Warner Inc...... 17 Coach Inc...... 69 Madison Square Garden Inc...... 119 Tower Group Inc...... 126 Cognizant Technology Solutions Corp...... 67 Marsh & McLennan Cos...... 31 Transatlantic Holdings Inc...... 56 Colgate-Palmolive Co...... 22 MasterCard Inc...... 49 Universal American Corp...... 51 Comforce Corp...... 154 MBIA Inc...... 74 Verint Systems Inc...... 149 Comtech Telecommunications Corp...... 152 McGraw-Hill Cos...... 45 Verisk Analytics Inc...... 121 Consolidated Edison Inc...... 26 Medco Health Solutions Inc...... 7 Verizon Communications Inc...... 3 Covanta Holding Corp...... 102 MetLife Inc...... 11 Viacom Inc...... 25 Dover Corp...... 46 MF Global Holdings ...... 75 Village Super Market Inc...... 109 Dun & Bradstreet Corp...... 98 Minerals Technologies Inc...... 132 Vitamin Shoppe Inc...... 147 E*Trade Financial Corp...... 76 Monster Worldwide Inc...... 133 Vornado Realty Trust ...... 77 Estée Lauder Cos...... 40 Moody’s Corp...... 95 Warnaco Group Inc...... 91 Foot Locker Inc...... 52 Morgan Stanley ...... 14 Warner Music Group Corp...... 70 Forest Laboratories Inc...... 61 MSC Industrial Direct Co...... 104 Weight Watchers International Inc...... 105 Fortress Investment Group ...... 153 Nasdaq OMX Group Inc...... 64 More online @ www.crainsnewyork.com/lists

May 24, 2010 | Crain’s New York Business | 25 nb21p26-27cl.qxp 5/21/10 11:57 AM Page 26

EXECUTIVE RECRUITER PUBLIC & LEGAL NOTICES

Notice of Qualification of The Helsinki Notice of Formation of Bedford POSITIONS AVAILABLE REQUEST FOR PROPOSALS Group LLC. Authority filed with Secy. Grove, LLC. Articles of Organization of State of NY (SSNY) on 8/17/09. filed with the Secretary of State of Financial Analyst VP, Quant Analyst Office location: NY County. LLC NY (SSNY) on 04/20/2010. Office (AllianceBernstein L.P. - NY, NY) Dvlp, (AllianceBernstein L.P. - NY, NY) Dvlp, formed in Delaware (DE) on 8/10/09. Location: New York County. SSNY create & modify sftwar app cost allo- implement, & apply quant., mathe- SSNY designated as agent of LLC has been designated as an agent cation systems rel. to financial data matical, & applied research tools for a upon whom process against it may upon whom process against it may collection & month-end closing wide range of Growth Style invest- be served. SSNY shall mail process be served. The Post Office address processes. Reqs a Master’s deg in ments. Reqs a PhD in Mathematics, to: c/o Frankfurt Kurnit Klein & Selz, to which the SSNY shall mail a copy Comp Sci or rel tech field & 1 yr of exp Finance, Economics or rel. quant. P.C., 488 Madison Ave., 10th Fl., NY, of any process against the LLC util. business analysis sftwar to per- field such as Physics or Statistics & 3 NY 10022, Attn: Jerrold B. Spiegel, served upon him is C/O the LLC form ad-hoc financial analysis w/r/t yrs exp. providing quantitative invest- Esq. DE address of LLC: 874 Walker Bedford Grove, 2109 Broadway, hardware lease agreements, capital, ment research, risk modeling, & invest- Road, Ste. C, Dover, DE 19904. Arts. #775, New York, NY 10023. Purpose depreciation, & project costing. ment infrastructure & programming of Org. filed with DE Secy. of State, of LLC: to engage in any lawful act Stated exp. must include the follow- srvcs. Stated exp. must incl. the fol- Townsend Bldg., Dover, DE 19901. or activity. Street address of Principal ing: review & analysis of operating lowing: applying mathematical tech- Purpose: any lawful activity. Business location is: 2109 Broadway, expenses & capital expenditures for IT niques for detailed modeling of equi- #775, New York , NY 10023. srvcs; coord. of global IT Finance app ties, currencies, & a wide range of Notice of Formation of STERN dvlpmt throughout all phases of the derivative instruments incl. options, MARCELLUS HOLDINGS, LLC. Notice of Formation of DELAFIELD SDLC; util. of the following tools: HP forwards, variance & correlation Arts. of Org. filed with Secy. of State ART CONSULTANTS, LLC. Arts. of Quality Center, Visual Studio .NET, swaps, & total return swaps; &, util. of NY (SSNY) on 05/06/10. Office Org. filed with Secy. of State of NY Crystal Reports, SQL Server 2005, MatLab, Java, C/C++, & other data location: NY County. Princ. office of (SSNY) on 05/06/10. Office location: Oracle 9i, PL/SQL, & Embarcadero mgmt & programming languages. Exp. LLC: 667 Madison Ave., 24th Fl., NY County. Princ. office of LLC: 7.5 Basic; &, app testing methods incl: may have been gained prior to com- NY, NY 10021. SSNY designated as 159 W. 53rd St., #19F, NY, NY 10019. regression, smoke, & UAT. pletion of PhD. agent of LLC upon whom process SSNY designated as agent of LLC Resumes: J. Johnson, AllianceBernstein Resumes: J. Johnson, AllianceBernstein Notice of Formation of Lindsay Smith against it may be served. SSNY upon whom process against it may L.P., 1345 Ave of the Americas, NY, NY L.P., 1345 Ave of the Americas, NY, NY Architect PLLC, a professional serv- shall mail process to Timothy P. be served. SSNY shall mail process 10105. Ref: NEWGBA 10105. Ref: NEWYCH. ice limited liability company (PLLC). Terry at the princ. office of the LLC. to the LLC, Attn: Kristin Dunlap at Arts. of Org. filed with Secy. of State Purpose: Any lawful activity. the princ. office of the LLC. of NY (SSNY) on 4/29/10. Office Purpose: Any lawful activity. location: NY County. SSNY designat- BLACKDIVINE, LLC. Appl. for Auth. ed as agent of PLLC upon whom filed with Secy. of State NY (SSNY): Notice of Qualification of FULTON REAL ESTATE process against it may be served. 02/12/10. Jurisd. and date of org.: TX OWNER LLC amended to FULTON SSNY shall mail process to: Menaker 11/13/08. NY State office loc.: NY Cty. LESSEE LLC. Authority filed with and Herrmann LLP, 10 E. 40th St., SSNY designated as agent of LLC upon Secy. of State of NY (SSNY) on NY, NY 10016, Attn: Robert F. whom process may be served. SSNY 4/14/10. Office location: NY County. AUCTION OFFICE SPACE Herrmann, Esq. Purpose: practice shall mail process to: c/o KVB PART- LLC formed in Delaware (DE) on the profession of architecture. NERS, 60 Broad St., Suite 3502, New 4/13/10. SSNY designated as agent York, NY 10004. Addr. of LLC in TX of LLC upon whom process against PARK /54TH Notice of Qualification of Kairon is c/o PARACORP INCORPORATED, it may be served. SSNY shall mail Capital, LLC, App. for Auth. filed 3610-2 N. Josey Ln #223, Carrollton, process to: c/o Regi Corp., 15 W. large office in tasteful Sec’y of State (SSNY) 4/7/10. Office TX 75007. Cert. of Form. filed with 34th St., 8th Fl., NY, NY 10001. DE law suite. location: NY County. LLC org. in DE TX Secy. of State, Corps. Sec., P.O. address of LLC: United Corporate 1-2 workstations available. 4/6/10. SSNY designated as agent of Box 13697, Austin, TX 78711-3697. Services, Inc., 874 Walker Rd., Ste. All amenities. LLC upon whom process against it Purpose: any lawful activity. C, Dover, DE 19904. Arts. of Org. may be served. SSNY shall mail filed with DE Secy. of State, 401 212.688.5900 ext. 249 copy of process to Attn: Avinash 940 Fulton LLC. Arts. of Org. filed Federal St., Ste. 4, Dover, DE 19901. Sarma, 111 Broadway, 10th Fl., NY, with Secy. of State of NY (SSNY) on Purpose: any lawful activity. NY 10006. DE office addr.: CSC, 11/3/09. Ofc in NY Cty. SSNY desig- 2711 Centerville Rd., Wilmington, DE nated agent of LLC upon whom Notice of Qualification of Blue Light 19808. Cert. of Form. on file: SSDE, process against it may be served. Capital Management, LLC. Authority Townsend Bldg., Dover, DE 19901. SSNY shall mail process to Ore filed with NY Dept. of State on Advertise on Purpose: any lawful activities. Management LLC, 936 Fulton St 4/13/10. Office location: NY County. Comm. A, Bklyn, NY 11238. Purpose LLC formed in DE on 3/2/10. NY Sec. ONE CENTRAL PARK SOUTH any lawful purpose. of State designated as agent of LLC www.crainsnewyork.com CRETERIUM, LLC a domestic upon whom process against it may Limited Liability Company (LLC) filed NOTICE OF FORMATION of Janeric be served and shall mail process to with the Sec of State of NY (SSNY) Fashions LLC. Arts of Org filed with the principal business address: 43 Call John Gallagher on 9/8/2006. NY office Location: New the Secy of State of New York (SSNY) Crosby St., Ste. 4, NY, NY 10012. DE York County. SSNY is designated as on 10/9/09. Off loc: NY Cty. SSNY has address of LLC: 615 S. DuPont Hwy., @ 212-210-0189 agent upon whom process against been designated as an agent upon Dover, DE 19901. Arts. of Org. filed the LLC may be served. SSNY shall whom process may be served and with DE Sec. of State, 401 Federal mail a copy of any process against shall mail a copy of any process the St., Dover, DE 19901. Purpose: the LLC served upon him/her to The principal bus. add: 214 W. 39th St, 300, investment fund manager. LLC, Greener Cohen LLP, 444 NY NY 10018. Purpose: any lawful act. Madison Ave. Ste. 805, NY, NY Notice of Formation of SYAN ADVI- 10022. General Purpose Notice of Formation of LEXINGTON SORS, LLC, a domestic LLC. Arts. MANAGEMENT ASSOCIATES, LLC. of Org. filed with the SSNY on PUBLIC & LEGAL NOTICES NOTICE OF FORMATION of SOLA Arts. of Org. filed with Secy. of State 01/18/2002, name changed to read: REALTY, LLC. Arts of Org filed with of NY (SSNY) on 04/08/10. Office EAST WIND ADVISORS, LLC on the Secy of State of New York (SSNY) location: NY County. Princ. office of 01/29/2002. Office location: NY Notice of Formation of Deer Stags Notice of Formation of NYC DENTAL on 4/5/10. Office location: NY County. LLC: c/o Pacific Housing Advisors, County. SSNY has been designated LLC. Arts. of Org. filed with Secy. of HOLDINGS, LLC. Arts. of Org. filed SSNY has been designated as an 570 Lexington Ave., 24th Fl., NY, NY as agent upon whom process State of NY (SSNY) on 5/7/10. with Secy. of State of NY (SSNY) on agent upon whom process may be 10022. SSNY designated as agent of against the LLC may be served. Office location: NY Co. SSNY desig- 05/11/10. Office location: NY County. served and shall mail a copy of any LLC upon whom process against it may SSNY shall mail a copy of process nated as agent of LLC upon whom SSNY designated as agent of LLC process to the principal business be served. SSNY shall mail process to: Joshua Schwartz, 215 W. 98th process against it may be served. upon whom process against it may address: 25 E. 11 St., Apt. 3, NY, NY to the LLC at the addr. of its princ. St., Apt 4A, NY, NY 10025. SSNY shall mail process to: Hartman be served. SSNY shall mail process 10003. Purpose: any lawful act. office. Purpose: Any lawful actvity. Purpose: Any Lawful Purpose. & Craven LLP, c/o Neal Dorman, 488 to Corporation Service Co., 80 State Madison Ave., NY, NY 10022. St., Albany, NY 12207-2543. Notice of Qualification of IP III Notice of Qualification of Ivanka Name of For. LP: Blue Square Small Purpose: any lawful activities. Purpose: Any lawful activity. MORTGAGES CARRY LP. Authority Trump Marks II LLC. Authority filed Cap Value Fund LP. Appl. for Auth. filed with Secy. of State of NY with Secy. of State of NY (SSNY) on filed with Sec. of State of NY: 2/6/09. Notice of Qualification of CELLA Notice of Qualification of Concierge (SSNY) on 04/19/10. Office location: 11/10/2009. Office location: New Jurisd. and date of org.: DE 2/5/09. BELLA LLC. Authority filed with Secy. Auctions LLC. Authority filed with NY County. LP formed in Delaware York County. LLC formed in NY State off. loc.: New York Cty. of State of NY (SSNY) on 4/9/10. Secy. of State of NY (SSNY) on (DE) on 10/09/07. SSNY designated Delaware (DE) on 11/04/2009. SSNY Sec. of State designated as agent Office location: NY County. LLC 3/23/10. Office location: NY County. as agent of LP upon whom process designated as agent of LLC upon upon whom process against it may formed in Florida (FL) on 12/10/09. LLC formed in Florida (FL) on 6/25/08. against it may be served. SSNY shall whom process against it may be be served. Sec. of State shall mail SSNY designated as agent of LLC SSNY designated as agent of LLC mail process to the Partnership, 40 served. SSNY shall mail process to: copy of process to: c/o Blue Square upon whom process against it may upon whom process against it may W. 57th St., NY, NY 10019. Name c/o National Register Agents, Inc., Partners LLC, 200 E. 94th St., Ste. be served. SSNY shall mail process be served. SSNY shall mail process and addr. of each general partner are 875 Avenue of the Americas, Ste. 2517, NY, NY 10128. Addr. of LP in to: The LLC, c/o Frank G. Messina, to: National Corporate Research, available from SSNY. DE addr. of LP: 501, New York, NY 10001. Address DE is: c/o National Corporate 40-06 Warren St., Elmhurst, NY 11373. Ltd., 10 E. 40th St., 10th Fl., NY, NY c/o The Corporation Trust Co., Corp. required to be maintained in home Research, Ltd., 615 South DuPont FL address of LLC: 2100 N. Ocean 10016. FL address of LLC: 777 S Trust Center, 1209 Orange St., jurisdiction: 160 Greentree Drive, Ste Hwy., Dover, DE 19901. Name/addr. Blvd., Apt. 2602, Ft. Lauderdale, FL Flagler Dr., Ste. 800, W Palm Beach Wilmington, DE 19801. Arts. of Org. 101, Dover, DE 19904. Arts. of Org. of GP avail. from Sec. of State. 33305. Arts. of Org. filed with FL FL 33401. Arts. of Org. filed with FL filed with Jeffrey W. Bullock; Div. of filed with Secretary of State of Authorized office in DE where Cert. Secy. of State, 2661 Executive Secy. of State, 2661 Executive Corp., John G. Townsend Bldg., 401 Delaware Jeffrey W. Bukkock, 401 of LP is filed is: DE Sec. of State, Center Circle, Tallahassee, FL 32301. Center Circle, Tallahassee, FL Federal St. - Ste. 4, Dover, DE Federal Street, Dover, DE 19901. 401 Federal St., Dover, DE 19901. Purpose: any lawful activity. 32301. Purpose: any lawful activity. 19901. Purpose: Any lawful activity. Purpose: any lawful activities. Purpose: any lawful activity.

26 | Crain’s New York Business | May 24, 2010 nb21p26-27cl.qxp 5/21/10 11:57 AM Page 27

PUBLIC & LEGAL NOTICES

Notice of Qualification of RIVER Notice of Qualification of Warburg Notice of Qualification of PFS Notice of Qualification of WRY Notice of Qualification of Bank of TWICE CAPITAL ADVISORS, LLC. Pincus (Callisto) Private Equity X, Holdings, LLC. Authority filed with DEVELOPER LLC. Authority filed with America Capital Advisors LLC. Authority filed with Secy. of State of L.P. Authority filed with NY Dept. of NY Dept. of State on 3/26/10. Office Secy. of State of NY (SSNY) on Authority filed with NY Dept. of State NY (SSNY) on 04/08/10. Office loca- State on 3/11/10. Office location: NY location: NY County. LLC formed in 04/20/10. Office location: NY County. on 4/20/10. Office location: NY tion: NY County. LLC formed in County. LP formed in DE on 3/9/10. DE on 11/24/09. NY Sec. of State LLC formed in Delaware (DE) on County. Princ. bus. addr.: 100 Federal Delaware (DE) on 03/15/10. SSNY NY Sec. of State designated as designated as agent of LLC upon 03/26/10. Princ. office of LLC: 60 St., Boston, MA 02110. LLC formed designated as agent of LLC upon agent of LP upon whom process whom process against it may be Columbus Circle, NY, NY 10023. in DE on 7/29/98. NY Sec. of State whom process against it may be against it may be served and shall served and shall mail process to: SSNY designated as agent of LLC designated as agent of LLC upon served. SSNY shall mail process to mail process to the principal busi- c/o CT Corporation System, 111 8th upon whom process against it may be whom process against it may be c/o Medley Capital, LLC, 375 Park ness addr.: c/o Warburg Pincus LLC, Ave., NY, NY 10011, regd. agent served. SSNY shall mail process to served and shall mail process to: Ave., 33rd Fl., NY, NY 10152. DE 450 Lexington Ave., NY, NY 10017, upon whom process may be served. c/o Corporation Service Co. (CSC), 80 c/o CT Corporation System, 111 8th addr. of LLC: Corporation Service Attn: General Counsel. DE addr. of DE addr. of LLC: 1209 Orange St., State St., Albany, NY 12207. DE addr. Ave., NY, NY 10011, regd. agent Co., 2711 Centerville Rd., Ste. 400, LP: c/o The Corporation Trust Co., Wilmington, DE 19801. Arts. of Org. of LLC: c/o CSC, 2711 Centerville upon whom process may be served. Wilmington, DE 19808. Arts. of Org. 1209 Orange St., Wilmington, DE filed with DE Sec. of State, 401 Rd., Wilmington, DE 19808. Arts. of DE addr. of LLC: The Corporation filed with DE Secy. of State, Div. of 19801. Name/addr. of genl. ptr. Federal St., Dover, DE 19901. Org. filed with Secy. of State of DE, Trust Co., 1209 Orange St., Corps., 401 Federal St., Dover, DE available from NY Sec. of State. Purpose: any lawful activity. John G. Townsend Bldg., Federal Wilmington, DE 19801. Arts. of Org. 19901. Purpose: Any lawful activity. Cert. of LP filed with DE Sec. of and Duke of York Sts., Dover, DE filed with DE Sec. of State, 401 State, Townsend Bldg., Dover, DE Notice of Formation of WELL BUILT 19901. Purpose: Any lawful activity. Federal St., Dover, DE 19901. NOTICE OF FORMATION of Hotiron 19901. Purpose: any lawful activity. ENTERPRISES LLC. Arts. of Org. Purpose: any lawful activity. Creative, LLC. Arts of Org filed with filed with Secy. of State of NY Notice of Formation of 677 Lexington the Secy of State of New York (SSNY) Notice of Qualification of MREPGlobal4, (SSNY) on 04/29/10. Office location: Acquisition, LLC. Arts. of Org. filed Notice of formation of Onward on 1/13/10. Office location: NY County. LLC, Authority filed Sec’y of State NY County. Princ. office of LLC: with Sec. of State of NY (SSNY) on Earthling LLC. Arts of Org. filed with SSNY has been designated as an (SSNY) 2/1/10. Office loc.: NY County. Attn: Mitchell Kidd, 61 Irving Pl., Apt. 5/1/02. Office location: NY County. Secy. of State of N.Y. (SSNY) on agent upon whom process may be LLC org. in DE 1/28/10. SSNY desig. 5C, NY, NY 10003. SSNY designated SSNY designated as agent of LLC 1/25/10. Office location: New York served and shall mail a copy of any as agent of LLC upon whom process as agent of LLC upon whom upon whom process against it may County. SSNY designated as agent process to the principal business against it may be served. SSNY shall process against it may be served. be served and shall mail process to: of LLC upon whom process against address: 330 E 46 St., 11G, NY, NY mail copy of proc. to Attn: Sarah SSNY shall mail process to the LLC c/o Anderson & Rottenberg, P.C., it may be served. SSNY shall mail 10017. Purpose: any lawful act. Withers, 135 E. 57th St., 16th Fl., NY, at the addr. of its princ. office. 369 Lexington Ave., NY, NY 10017, process to: 121 Macdougal Street, NY 10022. DE office addr.: CSC, Purpose: Any lawful activity. Attn: Charles S. Rich, Esq. Purpose: No. 13, New York, NY 10012. Name: I.W.E., LLC. Art Of Org. Filed 2711 Centerville Rd., Wilmington, DE any lawful activity. Purpose: any lawful activity. Sec. Of State of NY 11/23/2009. Off. 19808. Cert. of Form. on file: SSDE, Notice of Formation of LLC. Bend Loc.: NY Co. SSNY designated as Townsend Bldg., Dover, DE 19901. Oil, LLC (LLC) filed Arts. of Org. with Secy. of State of NY (SSNY) on Notice of Formation of PECK SHEB Notice of Formation of Eastern agent upon whom process against it Purp.: any lawful activities. LLC. Arts. of Org. filed with Secy. of Capital Debt LLC. Arts. of Org. filed may be served. SSNY to mail copy 4/21/2010. Office location: New York County. SSNY designated as agent State of NY (SSNY) on 08/07/09. with Secy. of State of NY (SSNY) on of process to I.W.E., LLC, c/o 4EON Notice of Formation of GOTHAM Office location: NY County. Princ. 4/13/10. Office location: NY County. Inc., Empire State Bldg., NY, NY ONE, LLC. Arts. of Org. filed with of the LLC upon whom process may be served and SSNY shall mail office of LLC: c/o Brian Shebairo, SSNY designated as agent of LLC 10018. Purpose: Any lawful act. Secy. of State of NY (SSNY) on 113 St. Marks Pl., NY, NY 10009. upon whom process against it may 05/03/10. Office location: NY County. process to c/o Gerald F. Stack, Esq., Hiscock & Barclay, LLP, One Park SSNY designated as agent of LLC be served. SSNY shall mail process NOTICE OF FORMATION of King Princ. office of LLC: c/o Guido Place, 300 South State Street, upon whom process against it may to: c/o The LLC, 1407 Broadway, Prester John, LLC. Arts of Org filed Pompilj, Vivaldi Real Estate, Ltd., 236 Syracuse, NY 13202-2078. Purpose: be served. SSNY shall mail process 41st Fl., NY, NY 10018. Purpose: any with the Secy of State of New York E. 78th St., NY, NY 10075. SSNY any business permitted under law. to the LLC at the addr. of its princ. lawful activity. (SSNY) on 1/25/10. Office location: NY designated as agent of LLC upon office. Purpose: Any lawful activity. County. SSNY has been designated as whom process against it may be served. SSNY shall mail process to Name of LLC: FK Global Retail LLC. Notice of formation of EAST SIDE an agent upon whom process may be Notice of Qualification of Cameo By Corporation Service Co., 80 State Auth. filed with NY Dept. of State: NOISE & SPIRITS LLC. Arts. of Org. served and shall mail a copy of any Rux LLC. Application for Authority St., Albany, NY 12207-2543. 3/8/10. Office loc.: NY Co. LLC filed with the Sect’y of State of NY process to the principal business filed with Secy. of State of NY (SSNY) (SSNY) on 4/5/10. Office location NY address: 107 W. 119 St, Unit A, NY, Purpose: Any lawful activity. formed in DE: 1/21/10. NY Sec. of State designated agent of LLC upon on 04/30/2010. Office location: New County. The street address: 154 Grand NY 10026. Purpose: any lawful act. York County; orig. jurisdiction: St. NY, NY 10013. SSNY designated NOTICE OF FORMATION OF LIMIT- whom process against it may be served and shall mail process to: c/o Delaware. SSNY designated as agent as agent upon whom process may be Notice of Formation of CITYWIDE ED LIABILITY COMPANY. NAME: of LLC upon whom process against served and shall mail a copy of any REALM CAPITAL MANAGEMENT Business Filings Inc., 187 Wolf Rd., ASSOCIATES LIMITED LIABILITY Ste. 101, Albany, NY 12205, regd. it may be served. SSNY shall mail process to PO Box 3716, Mt. Vernon, COMPANY, a domestic LLC. Arts. of LLC. Application for Authority was process to the LLC, 176 Broadway, NY 10553. Purpose: any lawful act. filed with the Secretary of State of agt. upon whom process may be Org. filed with the SSNY on served. DE addr. of LLC: 1201 Mezzanine F, New York, NY 10038. 04/02/2010. Office location: NY New York (SSNY) on 04/08/10. The Orange St., Ste. 600, Wilmington, DE Purpose: any lawful act or activity. NOTICE OF FORMATION of Stuntbox, County. SSNY has been designated LLC was originally filed with the 19801. Arts. of Org. filed with DE LLC. Arts of Org filed with the Secy as agent upon whom process against Secretary of State of Delaware on Sec. of State, 401 Federal St., Dover, of State of New York (SSNY) on the LLC may be served. SSNY shall 04/05/10. Office location: New York 53RD GROUP ASSOCIATES LLC a DE 19901. Purpose: any lawful act. 2/23/10. Office location: NY County. mail a copy of process to: 100 County. SSNY has been designated domestic Limited Liability Company SSNY has been designated as an Lafayette St. Ste 301, NY, NY 10013. as agent of the LLC upon whom (LLC) filed with the Sec of State of NY NAME OF LLC: J E - FACE LLC agent upon whom process may be Purpose: Any Lawful Purpose. process against it may be served. on 2/5/10. NY Office location: New SSNY shall mail a copy of process to ARTICLES OF ORG. FILED DEPT OF York County. SSNY is designated as served and shall mail a copy of any STATE OF NY ON 04/08/10. OFFICE process to the principal business FORMATION NOTICE OF THE LIMIT- the LLC, 330 Madison Avenue, 36th agent upon whom process against LOCATION: NY COUNTY. NY SECY. address: 310 E. 44th Street, Apt M, NY, ED LIABILITY COMPANY (LLC). Floor, New York, New York 10017. the LLC may be served. SSNY shall Purpose: For any lawful purpose. OF STATE DESIGNATED AS AGENT mail a copy of any process against NY 10017. Purpose: any lawful act. NAME: SKATE’S, LLC. App. for Auth. OF LLC UPON WHOM PROCESS filed with NY Secretary of State the LLC served upon him/her to The AGAINST IT MAY BE SERVED. LLC, 347 5th Ave., Ste. 1600, NY, NY Local Connections Psychotherapy (SSNY): March 16, 2010 under ficti- Notice of Qualification of Hylas SECY. OF STATE SHALL MAIL A CC tious name SKATE’S ART MARKET Management, LLC, filed under the 10016. General Purposes. LCSW, PLLC Date of filing of the TO: J. CATTAN, MEMBER AT 37 W. Articles of Organization: April 8, RESEARCH, LLC. LLC originally filed original name Hylas Capital 37TH ST., NEW YORK, NY 10018. with DE Secretary of State: February Management, LLC, Authority filed NOTICE OF FORMATION of 2010. County within which the office 1, 2010. Office location: New York Sec’y of State (SSNY) 3/22/10. Office Notice of Formation of LN2 CREAM- Blackman’s Block Productions LLC. is located: New York The Secretary County. SSNY designated as agent loc.: NY County. LLC org. in DE ERY CAFE, LLC, a domestic Limited Arts of Org filed with the Secy of of State is designated as agent of of the LLC upon whom process 11/19/09. SSNY desig. as agent of Liabiltiy Company. Arts of Org filed State of New York (SSNY) on the limited liability company upon against it may be served. SSNY shall LLC upon whom process against it with Secretary of State of NY on 4/12/10. Office location: NY County. whom process against it may be mail copy of process to 575 may be served. SSNY shall mail copy 4/22/2010. Office location: Nassau SSNY designated as an agent upon served. The street address of the Broadway, 5th Floor, New York, New of proc. to 623 Fifth Ave., 25th Fl., County. The street address is: 20 whom process may be served and office: c/o Paul Scherer & Company, York 10012, ATTN: President/CEO. NY, NY 10022. DE office addr.: CSC, Birchwood Park Drive, Syosset, NY shall mail a copy of any process to 1440 Broadway, New York, NY Purpose: All lawful purposes. 2711 Centerville Rd., Wilmington, DE 11791. SSNY has been designated the principal business address: 555 10018. Date of dissolution: 19808. Cert. of Form. on file: SSDE, as agent of the LLC upon whom W 151 St., #63, NY, NY 10031. Perpetual Purpose of Business: Notice of Qualification of IROQUOIS Townsend Bldg., Dover, DE 19901. process against it may be served. Purpose: any lawful act. Licensed Clinical Social Work OPPORTUNITY MANAGEMENT Purp.: any lawful activities. SSNY shall mail process served to L.L.C. Authority filed with Secy. of the LLC at street address. Purpose: Notice of Qualification of ALCLEAR, Notice of Qualification of P&A Film State of NY (SSNY) on 03/22/10. Notice of Qualification of River any lawful act of activity. LLC. Authority filed with Secy. of Fund LLC. Authority filed with NY Office location: NY County. LLC Partners 2003-13, LLC. Authority filed State of NY (SSNY) on 05/05/10. Dept. of State on 4/8/10. Office loca- formed in Delaware (DE) on 05/09/07. with NY Dept. of State on 3/30/10. NOTICE OF FORMATION OF LIMIT- Office location: NY County. LLC tion: NY County. Princ. bus. addr.: 60 Princ. office of LLC: c/o Iroquois Office location: NY County. Princ. bus. ED LIABILITY COMPANY. NAME: formed in Delaware (DE) on S. 6th St., Ste. 3900, Minneapolis, Capital Management, LLC, 641 addr.: 595 Madison Ave., 17th Fl., OM-AH-HUM REALTY LLC. Articles 01/21/10. Princ. office of LLC: 595 MN 55402. LLC formed in DE on Lexington Ave., 26th Fl., NY, NY NY, NY 10022. LLC formed in DE on of Organization were filed with the Madison Ave., 39th Fl., NY, NY 3/19/10. NY Sec. of State designated 10022. SSNY designated as agent of 12/9/03. NY Sec. of State designated Secretary of State of New York 10022. SSNY designated as agent of as agent of LLC upon whom process LLC upon whom process against it as agent of LLC upon whom process (SSNY) on 03/31/10. The latest date LLC upon whom process against it against it may be served and shall may be served. SSNY shall mail against it may be served and shall of dissolution is 12/31/2060. Office may be served. SSNY shall mail mail process to: c/o CT Corporation process to the LLC at the addr. of its mail process to: CT Corporation location: New York County. SSNY process to c/o Corporation Service System, 111 8th Ave., NY, NY 10011, princ. office. DE addr. of LLC: System, 111 8th Ave., NY, NY 10011, has been designated as agent of the Co. (CSC), 80 State St., Albany, NY regd. agent upon whom process may Corporation Trust Center, 1209 regd. agent upon whom process may LLC upon whom process against it 12207-2543. DE addr. of LLC: c/o be served. DE addr. of LLC: The Orange St., Wilmington, DE 19801. be served. DE addr. of LLC: 1209 may be served. SSNY shall mail a CSC, 2711 Centerville Rd., Ste. 400, Corporation Trust Co., 1209 Orange Arts. of Org. filed with Secy. of State Orange St., Wilmington, DE 19801. copy of process to the LLC, c/o Wilmington, DE 19808. Arts. of Org. St., Wilmington, DE 19801. Arts. of of DE, Div. of Corps., 401 Federal St., Arts. of Org. filed with DE Sec. of Eastport, 34 West 33rd Street, 6th filed with Secy. of State of the State Org. filed with DE Sec. of State, 401 Ste. 4, Dover, DE 19901. Purpose: State, 401 Federal St., Dover, DE Floor, New York, New York 10001. of DE, 401 Federal St., Dover, DE Federal St., Dover, DE 19901. Any lawful activity. 19901. Purpose: any lawful activity. Purpose: For any lawful purpose. 19901. Purpose: Any lawful activity. Purpose: any lawful activity.

May 24, 2010 | Crain’s New York Business | 27 20100524-NEWS--0028-NAT-CCI-CN_-- 5/20/2010 8:30 PM Page 1

FOR THE RECORD

tory preproposal conferences are slated Bill Berkis of Winoker Realty Trust exercised options on 40,000 shares for June 14 and 15 at 10 a.m. at 7901 represented the CPA firm in the of common stock at $43.69 between ABOUT THIS SECTION Broadway, Elmhurst, sixth-floor support- transaction, while the landlord was May 3 and May 6, in a transaction worth FOR THE RECORD is a weekly listing of information from the public record that services conference room. Contact represented in-house by Randall Briskin. $1,747,500. During the same period, it Diane Pourakis at (718) 883-6000 or The asking rent was not disclosed. sold 260,000 shares at prices ranging can help businesspeople in the New York area find opportunities, potential [email protected] for more details. from $56.92 to $66.04 in a transaction new clients and updates on competitors. worth $16,626,507. It now indirectly To ask questions or get more information on this section, contact Denise G Housing Authority STOCK TRANSACTIONS holds 2,322,220 shares. Southwood at [email protected]. Seeks competitive sealed bids by June 8 for the installation and removal of vinyl- Following are recent insider transactions at GRAT Remainder Trust exercised composition floor tile in Manhattan, New York’s largest publicly held companies options on 40,000 shares of common Brooklyn and the Bronx. For additional filed with the Securities and Exchange stock at $43.69 between May 7 and May information regarding this bid, call Commission by executives and major 12, in a transaction worth $1,747,500. BANKRUPTCIES York City agencies.To learn how to sell Wanda Mealing at (212) 306-6619. shareholders. Listings are in order of During the same period, it sold 153,333 goods and services to city government, visit transaction value.The information was shares at prices ranging from $58.57 to The following listings are selected from the www.nyc.gov/selltonyc. For a searchable obtained from Thomson Reuters. $63.73 in a transaction worth $9,504,654. most recent available filings by companies database of current procurement notices, REAL ESTATE DEALS It now indirectly holds 2,208,890 shares. seeking bankruptcy protection in the visit www.nyc.gov/cityrecord. Listings are G Greenhill & Co. (GHL) Southern and Eastern Districts of New alphabetical by category and department. Companies that would like to have details of Robert F. Greenhill, founder and Leonard A. Lauder, officer, director and York. Information was obtained from U.S. their recent transactions appear in these director, sold 885,769 shares of common beneficial owner, sold 70,000 shares of Bankruptcy Court records available on CONSTRUCTION SERVICES listings should e-mail descriptions following stock at $84.45 on May 6, in a common stock at prices ranging from Public Access to Court Electronic Records. G Department of Parks and Recreation this format to [email protected], transaction worth $74,803,192. He now $62.73 to $63.50 between May 11 and Listings are in alphabetical order. Seeks competitive sealed bids by 10:30 with “Real estate transaction” in the subject indirectly holds 1,300,960 shares. May 12, in a transaction worth a.m. on June 10 for the reconstruction of line, or enter them online at $4,437,368. He now indirectly holds G 13 East 124th Street the baseball fields at the East New York crainsnewyork.com/submitadeal. Deals are Simon A. Borrows, chairman, sold 295,386 3,410,670 shares. 13 E. 124th St. Vocational High School playground in listed in order of square footage. shares of common stock at $84.45 on May Filed for Chapter 11 bankruptcy Brooklyn. For additional information, 6, in a transaction worth $24,945,348. G SL Green Realty Corp. (SLG) protection on May 17. The filing cites contact Juan Alban at (718) 760-6771 or OFFICE He now directly holds 433,845 shares. Stephen L. Green, chairman and estimated liabilities of $500,001 to [email protected]. G Charles Komar & Sons signed a founder, sold 150,000 shares of common $1 million and estimated assets of 58,098-square-foot renewal and Scott L. Bok, chief executive, sold stock at $63.42 on May 10, in a $500,001 to $1 million. Among the G School Construction Authority expansion at 16 E. 34th St., a 22-story, 286,757 shares of common stock at transaction worth $9,513,000. He now creditors with the largest unsecured Requests competitive sealed bids by June 336,500-square-foot office building $84.45 on May 6, in a transaction worth directly holds 90,342 shares. claims is Con Edison, owed $1,436. 4 at 11 a.m. for the reconstruction of an owned by SL Green Realty Corp.The $24,216,628. He now directly and athletic field at Herbert Lehman High apparel company renewed its space on the indirectly holds 421,169 shares. G Colgate-Palmolive Co. (CL) G 97-13 Realty Corp. School in the Bronx. Questions ninth and 10th floors and is expanding to Stephen C. Patrick, chief financial 32-20 61st St., Queens regarding this bid should be directed to the eighth floor. Gregg Lorberbaum of Colin T.Roy, co-head of European officer, exercised options on 118,700 Filed for Chapter 11 bankruptcy Ricardo Forde at (718) 752-5288 or Centric Real Estate Advisors represented corporate advisory, sold 126,215 shares shares of common stock at prices protection on May 11. The filing cites [email protected]. the tenant, while Larry Swiger of common stock at $84.45 on May 6, in ranging from $48.06 to $54.40 on May estimated liabilities of $1,000,001 to represented the landlord in-house.The a transaction worth $10,658,857. He 6, in a transaction worth $6,092,874. $10 million and estimated assets of GOODS AND SERVICES asking rent was not disclosed. now directly holds 185,377 shares. $1,000,001 to $10 million. Among the G Administration for Children’s Services G Time Warner Inc. (TWX) creditors with the largest unsecured claims Seeks competitive sealed bids by 3 p.m. G Great American Insurance Co. signed Brian J. Cassin, co-head of European James L. Barksdale, director, sold are Yolanda Valdez, owed $23,000; and on June 10 for on-call repair and a 10-year renewal for 20,995 square feet corporate advisory, sold 44,720 shares of 135,317 shares of common stock at Empire Steel Gates Corp., owed $6,500. replacement of electronic security of space at 65 Broadway, a 351,000- common stock at $84.45 on May 6, in a $31.79 on May 10, in a transaction systems in the five boroughs. An square-foot office building owned by transaction worth $3,776,604. He now worth $4,301,416. He now directly G Greenhill NY optional pre-bid meeting is scheduled AM Property Holding Corp. The directly holds 65,679 shares. holds 36,231 shares. 17 Purdy Ave., Rye for May 27 at 10 a.m. at 150 William insurance company will continue to Filed for Chapter 11 bankruptcy St., room 8B1. Questions should be occupy the 20th floor and also lease a G Estée Lauder Cos. (EL) G Henry Schein Inc. (HSIC) protection on May 13. The filing cites directed to Rachel Pauley at portion of the 11th floor. The tenant was Ronald S. Lauder, beneficial owner, sold Steven Paladino, executive vice president, estimated liabilities of $500,001 to $1 (212) 341-3458 or [email protected]. represented by Martin Horner and 420,000 shares of common stock at chief financial officer and director, million and estimated assets of $100,001 Joseph Pollaci of Jones Lang LaSalle. prices ranging from $57.21 to $61.86 exercised options on 52,000 shares of to $500,000. Among the creditors with the G Board of Elections The owner was represented in-house by between May 6 and May 7, in a common stock at $20.41 on May 11, in a largest unsecured claims are Asahi Seafood Requests competitive sealed bids by 10 Paul Wasserman and Nat Wasserman. transaction worth $25,326,270. He now transaction worth $1,061,320. On the Inc., owed $40,000; and Scottsdale a.m. on June 3 for the transportation of The asking rent was not disclosed. directly holds 36,457 shares. same day, he sold 52,000 shares at $59.01 Insurance Co., owed $27,207.92. poll-site voting-systems components. in a transaction worth $3,068,520. He Questions regarding this solicitation G Miller Tabak + Co. renewed its 16,000- Gary M. Lauder GRAT Remainder now directly holds 59,850 shares. G Institute of Traditional Judaism Inc. should be directed to Gwendolyn square-foot lease on the entire fourth, 811 Palisade Ave., Teaneck, N.J. Youngblood at (212) 487-7213 or fifth and 14th floors at 331 Madison Ave., Filed for Chapter 11 bankruptcy [email protected]. a 14-story, 80,000-square-foot office protection on May 14. The filing cites building owned by SL Green Realty DEALS ROUNDUP estimated liabilities of $1,000,001 to G Department of Citywide Administrative Corp. Eric Deutsch, Brad Neddleman $10 million and estimated assets of Services and Silvio Petriello of CB Richard Ellis $1,000,001 to $10 million. Among the Seeks competitive sealed bids by 10:30 represented the tenant in the transaction, TRANSACTION SIZE COMPANY (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE creditors with the largest unsecured a.m. on June 4 for the supply and while SL Green handled the deal in- claims are Travelers, owed $9,174.82; installation of carpet tiles. Contact Anna house. The average asking rent for the Emobile Ltd. $484.7 The Blackstone Group private GCI and Health Net, owed $1,961.22. Wong at (212) 669-8610 or building is about $42 per square foot. equity group (Manhattan), eAccess, [email protected] for Goldman Sachs Group merchant banking G New York Asian Symphony Orchestra Inc. questions regarding this solicitation. G Molod Spitz & DeSantis signed a 10- division (Manhattan) 889 Ninth Ave. year, 12,500-square-foot lease at 1430 Ruhr-Park Shopping Centre $371.5 Perella Weinberg Partners (Manhattan), SB M&A Filed for Chapter 7 bankruptcy G Department of Education Broadway, a 22-story, 332,267-square- MFI management für immobilien AG protection on May 14. The filing cites Seeks competitive sealed bids by 1 p.m. foot tower owned by Steinberg & Angioblast Systems Inc. $163.8 Mesoblast Limited (61.6%) SB M&A estimated liabilities of $500,001 to on June 8 for the initial phases of Pokoik. The boutique law firm will (Manhattan) $1 million and estimated assets of $0 to sourcing for information-technology occupy the entire 21st floor. Evan Select Energy Services $125.0 Crestview Partners (Manhattan) GCI $50,000. Among the creditors with the staff. To obtain bid documents, send an Margolin of Studley represented the Hines 600 Lexington $87.0 CPP Investment Board (45%) FB M&A largest unsecured claims are e-mail to [email protected] tenant in the transaction, while Avenue (Manhattan) Conversation & Co., owed $333,894; with the bid number (#R0842040) and Newmark Knight Frank’s Ken Sequenom Inc. $51.6 OrbiMed Advisors (Manhattan), GCI and Globers Inc., owed $114,210. title in the subject line. For details, Kronstadt and Rick Kramer represented Palo Alto Investors, Perceptive Advisors e-mail [email protected] with the the landlord. The asking rent is in the (Manhattan), Tang Capital Management, G Yearbook Photography of bid number and title in the subject line. mid- to high-$30s per square foot. Deerfield Management Co. (Manhattan), Mamaroneck Inc. Manning & Napier Advisors Inc., Deerfield 155 White Plains Road, Tarrytown G Health and Hospitals Corp., Jacobi G Kurtzman Carson Consultants signed Capital (Manhattan), Visium Asset Management Medical Center (Manhattan), UBS Eucalyptus Management Filed for Chapter 11 bankruptcy a three-year, 7,854-square-foot lease at (Manhattan), Redmile Group, Ramius (Manhattan) protection on May 17. The filing cites Requests competitive sealed bids by 599 Lexington Ave., a 47-story, 1 million- estimated liabilities of $1,000,001 to 10:30 a.m. on July 8 for home-care square-foot building subleased by K&L Think Technology AS $40.0 Ener1 Inc. (Manhattan), GCI RockPort Capital Partners $10 million and estimated assets of medical supplies and services. An Gates. The administrative-services firm $1,000,001 to $10 million. Among the optional pre-bid meeting is scheduled will occupy part of the 39th floor. David Holiday Inn Wall Street $34.8 Hersha Hospitality SB M&A creditors with the largest unsecured for June 8 at 10 a.m. at 160 Water St., E. Malawer of Cushman & Wakefield (Manhattan) claims are Crescent Associates of New ninth-floor conference room. Contact represented the tenant in the MediaTrust Inc. (Manhattan) $18.8 Ropart Asset Management Funds GCI York, owed $60,237; and the Internal Christine Hauptner at (718) 918-3984 transaction, while Evan H. Margolin Small Bone Innovations Inc. $12.0 Olympus Corp. GCI Revenue Service, owed $24,057.58. or [email protected] for and John A. Mambrino of Studley (Manhattan) additional information. represented the sublandlord. The asking Selected deals announced for the week ended May 15 involving companies in metro New York. rent was not disclosed. FB M&A: Financial buyer M&A represents a minority or majority acquisition of existing GOVERNMENT CONTRACT G Health and Hospitals Corp., Queens shares of a company with the participation of a financial buyer. GCI: Growth capital investment OPPORTUNITIES Health Network G Tarlow & Co. signed a 10-year, 7,795- represents new money invested in a company for a minority stake. SB M&A: Strategic buyer Requests proposals for the management square-foot lease at 370 Seventh Ave.,an M&A represents a minority or majority acquisition of existing shares of a company without the participation of a financial buyer. source: capitaliq Following are selected contract and operation of a gift shop at the Elm- 18-story, 368,000-square-foot office opportunities recently announced by New hurst Hospital Center, Queens. Manda- building owned by The Feil Organization.

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Shadow units pose price threat Living-wage push

Continued from Page 1 the first quarter were 11% below Sales at the massive 264-unit Continued from Page 1 raise wages above where they might than a dozen across the city that year-earlier levels. Be@Schermerhorn in downtown munity and religious groups, spear- normally be,” Mr. Malanga explains, were once classified as shadow For now, at least, former shadow Brooklyn resumed last week. The headed by Stuart Appelbaum’s Re- “they shift to using better-paid,more space—apartments completed or units are being well-received. At move comes six months after invest- tail, Wholesale and Department educated workers, but fewer of near completion that are held off the +Art, a 91-unit condo at 540 W. ment firm Jamestown Properties Store Union,to pressure elected offi- them.” market or temporarily converted to 28th St. in Chelsea, near High Line bought the mortgage on the troubled cials to tie wage mandates to eco- Kathryn Wylde, president of the rentals—whose owners are now park, marketing resumed last week. property.The original developer had nomic development projects. The Partnership for New York City, a putting them up for sale. While the Stephen Kliegerman, executive di- stopped selling apartments last year proposed floor for wages is almost consortium of the city’s largest pri- number of units is small,it is expect- rector at Halstead Property, says he following a series of missteps. 40% higher than the state’s mini- vate-sector employers, believes that ed to swell later this year, and that has already received an offer for two mum wage of $7.25. any action on the bill should wait for has some experts worried. penthouse units,which the prospec- Rentals redefined Judging by the Kingsbridge bat- the city to complete its recently an- “It is still early—you’re not see- tive buyer plans to combine. with the market strengthening, tle—in which elected leaders in the nounced study on the impact of living a flood of apartments yet—but “It is a good time for these proj- even buildings that were temporar- Bronx and the City Council ulti- ing-wage mandates. we may see it happen during the sec- ects to come back on line,” says Mr. ily converted into rentals during the mately squashed a project that would “Legislation is forever,” Ms. ond half of the year,” says Jonathan Kliegerman, who anticipated five downturn are being put back on the have yielded 2,200 jobs—the bill will Wylde says. “Markets go up and Miller, chief executive of appraisal more firm offers by the end of last sales block.At 87-unit Olive Park in get a frosty reception from the down, and this could threaten bring- firm Miller Samuel Inc. week.“The market is active.” Williamsburg,for example,30 units Bloomberg administration. ing jobs and economic activity to In some cases, the apart- The buying flurry comes that the developer rented out last As debate over Kingsbridge un- low-income neighborhoods, partic- ments are going up for sale 70% 17 months after the develop- year will come back on line some- folded, Mayor Michael Bloomberg ularly during difficult times.” now because banks have ex- INCREASE in er got its lender’s approval to time this year, Mr. Maundrell says. and his economic development team Mr.Koppell says he is still gather- tended developers’ loans or Manhattan sideline +Art in the wake of As of two weeks ago, six of those repeatedly argued that transforming ing co-sponsors, but he anticipates condo supply taken over projects them- if all “shadow Lehman Brothers’ collapse units were on sale; the rest will be- the empty armory into a retail mall “very broad support” for the bill selves. In other instances, units” were and the freezing of the credit come available as leases expire. would not be viable if the mandate when it is introduced. once-reluctant developers dumped on markets. While those and other develop- for a “living wage”was attached.And have taken the pulse of the market at once The developer of The ments test their luck, a long list of earlier this month, a City Hall offi- In Speaker Quinn’s court strengthening market and Dillon is also doing well. others are queuing up in the wings. cial testified against a separate bill since the measure comes at the re- decided that this is the perfect time Eleven contracts have been sent out In Manhattan, sales are expected to that would require prevailing wages quest of the Bronx borough presi- to relaunch their projects or to take for signatures and another half a resume by the end of the year at 1 for building service workers at city- dent, it’s likely to get the backing of temporarily converted rental units dozen are expected to follow in short Rector Square, a 174-unit condo subsidized projects. the City Council’s entire Bronx del- and put them up for sale. order, according to Corcoran Sun- conversion in Battery Park City; 34 With proponents of the new bill egation. It also seems to be assured shine Marketing Group, exclusive Leonard, a 16-unit TriBeCa co-op seeking to cover all the support of Risk of deluge brokerage firm for the property. conversion; and 245 10th Ave., a jobs created city- the dozen mem- mr. miller estimates that there Even condo projects that only new 22-unit development in Chelsea. wide through sub- bers of the coun- were 6,500 units of shadow space in months ago stood on the brink of The influx of apartments has in- sidized projects, cil’s recently Manhattan alone during the first foreclosure have reignited. Earlier siders wondering how much supply the stakes will be formed Progres- quarter of this year. If those apart- this year, 120-unit Warehouse 11 in the market can cope with before the higher, and the sive Caucus, ments were unloaded all at once, Williamsburg, Brooklyn, returned bottom begins to give way again, es- fight is sure to get which included supply would potentially skyrocket to the market after the developer pecially since much of the former even testier. a living-wage

by 70%.Although such a sudden re- and its lender worked out their dif- shadow space is being offered at cut- The Fair buck ennis economic policy lease is extremely unlikely, there is ferences.Now 75% of the building is rate prices. Wages for New in its founding the possibility that thousands of either in contract or sold, according “If pricing is competitive, you’ll Yorkers Act will be The Kingsbridge platform. units will crowd into a market that’s to David Maundrell, president of see supply rise and sale prices fall,” unveiled by coun- Yet because still fragile: While sales volumes are Aptsandlofts.com, which handles says Mr. Miller of Miller Samuel. cil members Oliv- gang wants only there is virtually rising, median prices at the end of sales for the project. “That is a concern.” er Koppell and never a contest- Annabel Palma, jobs that start at ed vote in the both Democrats overwhelmingly been aggressively beefing up its on- from the Bronx, at $11.50 an hour Democratic Hearst in the Black line properties, it is still getting only the behest of their chamber, the middling grades on the effort. borough’s presi- bill’s future may “Given all the assets they have, dent, Ruben Diaz hinge not so Continued from Page 1 Ms. Black is bringing in Jill they could take more of a leadership Jr. It would require much on a mopolitan, Esquire and Good House- Herzig, a longtime executive editor role,” says Barry Lowenthal, presi- developers of any project that re- counting game but rather on whether keeping all up by double digits over at Glamour—the biggest magazine in dent of ad agency The Media ceives more than $100,000 in city Speaker Christine Quinn makes it a the same period a year ago.Ad pages the stable of Hearst archrival Condé Kitchen. He contrasts Hearst’s ef- subsidies—such as bond financing, priority in negotiations with the overall rose 12%, outpacing the in- Nast—to head up Redbook.Her job is forts with those of Condé Nast, tax abatements or infrastructure im- mayor.The number of backers is not dustry, which was flat, according to to make it a title for the “grownup which developed iPad editions of provements—to guarantee a mini- inconsequential,but it will take more Media Industry Newsletter. Cosmo reader,” Ms. Black says. select titles before the Apple device mum wage of $10 an hour plus ben- than widespread support to give the An industry trailblazer who To run interior design magazine even launched and pitched them to efits,or $11.50 without benefits.The bill traction. helped launch Ms. in 1972 and be- Veranda, she tapped Dara Caponi- advertisers. “Hearst needs to do salary would be indexed to inflation. New York was one of the first came the first female publisher of a gro, a founding editor of Condé something like that,” he says. “Where should the city put its fi- cities to pass a living-wage law: In consumer weekly at New York in Nast’s well regarded shelter title After getting an admittedly late nite resources?” asks Mr. Koppell, 1996, it increased the wages of gov- 1979, Ms. Black also brought out Domino, which folded last year. start with digital, Ms. Black has whose district lies near the armory. ernment-contracted cleaners and se- Food Network Magazine in the teeth Ms. Black has moved Stephen been increasingly focused on that “It should put money into enterpris- curity guards, despite Mayor Rudy of the darkest period in magazine Drucker to Town & Country from side of the business. In particular, es that create good jobs, not that cre- Giuliani’s veto. In 2002, Mr. history. The launch is already one of sister title House Beautiful, which he Hearst has used its websites to sell ate jobs that will maintain poverty- Bloomberg extended the law to Hearst’s all-time success stories and has been credited with revitalizing subscriptions,a key strategy in pow- level conditions.” about 50,000 home health aides. is likely to turn a profit in 2010, its during his five years there.The title’s ering Food Network Magazine’s rap- Some 20% of city families with at More recently, the city has en- first full year of publication—an al- style director, Newell Turner, re- id growth. In July, the new title’s least one full-time,year-round work- tered into agreements linking higher most unheard-of feat for a magazine. placed Mr. Drucker. “It’s new ener- guaranteed circulation will rise to er live in poverty, according to the minimum wages to subsidized proj- Ms. Black has also been building gy, new people,” Ms. Black says. 1.25 million from 1.1 million. Center for Economic Opportunity. ects in Greenpoint/Williamsburg up the company’s digital properties The company has also assembled and Coney Island in Brooklyn and and investing in Hearst’s interna- Devastating plunges a network of 25 sites, adding pure Seen as job killer, by some Willets Point in Queens. tional portfolio, recently launching a still, Ms. Black and her new team digital properties like shopping site the city’s business community “We’re already using wage stan- Vietnamese edition of Cosmopolitan. face a continued uphill climb. Ad Kaboodle and food site Delish to and its allies will work to make sure dards for large-scale projects, and Now,she is turning her attention revenue at Hearst through May was the 14 magazine websites. the measure doesn’t move forward, there’s no indication they’re imped- to underperforming titles,including up 9%, compared to the prior-year Digital ad revenue so far this year insisting that it would be a job killer. ing development,” says Paul Sonn, Redbook and Town & Country— period,to $907 million,according to is running 20% over the same peri- Manhattan Institute Senior Fel- legal co-director of the National among the two oldest in the busi- Publishers Information Bureau. But od last year.“It’s all about expanding low Steve Malanga points to a study Employment Law Project,citing,for ness—shifting editors and bringing that gain follows two years of devas- our portfolio,” Ms. Black says. by the Public Policy Institute of Cal- example,the 29 responses the city has in new talent in a bid to reignite their tating plunges,and cutbacks that in- Observers applaud the executive ifornia which argues that living- received to its request for proposals to appeal to advertisers. cluded the folding of teen title Cos- for managing to continue that ex- wage laws like the one proposed in redevelop Willets Point. “Typically, Hearst doesn’t make moGirl and weekly Quick & Simple. pansion even through the recession. New York actually increase unem- None of those wage deals,howev- [so many] changes all at once,” says Furthermore, no one is expecting “Hearst wasn’t just plugging the ployment among the lowest-paid er,were as expansive as the one about Brenda White, a senior vice presi- marketers to start spending like it’s hole when the industry was bleeding workers by up to 9% within a year of to be proposed—setting up a clash dent at media buying agency Star- 2007 again any time soon. ad pages,”says Carolyn Dubi,direc- implementation. that could make the Kingsbridge com. “To me, change is good.” And though the company has tor of print at Initiative. “When you force employers to fight look tame by comparison.

30 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0030,0031-NAT-CCI-CN_-- 5/21/2010 7:58 PM Page 2

boss would love to be involved in the court because we love to get in- A carter goes where others fear to tread volved in community activities.’ They sat on the bench with me, met Continued from Page 2 contracts and price limits also make pire State Building, in 2008, when a coaches girls’ soccer. my senior staff, and they started charge customers. it hard for carters to add services that plunge in the price of recyclables put He likes to describe his company training and hiring our folks.” Mr. Bergamini’s rapid expansion clients want. Sprint out of business in a matter of as “progressive” and can back it up. Mr. Bergamini has the convicts of Action Carting is a bet that the Adding to carters’ stress, cus- weeks. Action protects itself from His director of sales, Joseph Burke, sort trash at the recycling center for government will lift its heavy hand tomers here are more demanding and such downturns by sharing the risks once struck up a conversation with a about twice the minimum hourly in the near future. “The rate cap is occupy taller buildings than in other and rewards of the fitful recycling fellow airline passenger who turned wage. something that has to go away,” he cities,and all hauling must be done at market with its customers. out to be Judge Richard Weinberg. “He’s giving people chances,” says. “We’re banking on that going night. It’s no mystery why Waste Mr. Bergamini, 47, lives in The judge presides over Midtown says Manhattan Chamber of Com- away.” Management and Republic, which Bergen County, but there’s no So- Community Court, which diverts merce President Nancy Ploeger, If it doesn’t, he’ll be saddled with apply their business models so effi- pranos air about him. In fact, he be- people convicted of nonviolent who credits the Action chief with an operation with price limits,fierce ciently in other cities, wanted out. lies the stereotype of the garbage crimes into job training. helping the chamber’s Green and competition and a lot of headaches. carter with the Italian surname.The Sustainability Committee grow to Carters in the city cannot sign Defying stereotypes NYU graduate is bespectacled, an Courtroom as job exchange include more than 200 companies. clients to contracts longer than two action also snapped up Sprint attorney by trade, and something of “we started schmoozing, and I “That’s just the kind of guy he is. years, leaving them constantly vul- Recycling customers, including an environmentalist. He has a told him about the court,” Judge The carting industry is notorious, nerable to competitors. The short New York University and the Em- teenaged son and daughter and Weinberg recalls.“He said, ‘Oh, my but Ron is not your typical guy.” Studios lose out

Continued from Page 3 comes as the industry is reeling from the May 13 cancellation of its long- running cash cow, Law & Order. According to the Mayor’s Office of Film,Theatre and Broadcasting,the series pumped $79 million into the local economy annually. Over the course of its 20-year run, the show spent an estimated $1 billion. “The hit from that is pretty big,” Mr. Ford says. “We’ve had guys on that show for 15 years.” But as serious as these setbacks are, there is no doubt that the city’s film industry is light-years from death. Kaufman Astoria Studios in Queens, for example, just opened a new sound stage and is already booked for several months with production of the feature film Men in Black 3 and the Showtime series Nurse Jackie. Meanwhile, Steiner Studios in the Brooklyn Navy Yard currently has four HBO series in production on its stages,all of which came in before the tax credit expired. The studio is looking for a replacement for Damages, the now-canceled Glenn Close series that filmed there, but executives are optimistic. In fact, they are moving forward on a $90 million project that will add six stages totaling 270,000 square feet. “Some [producers] are trying to hold off committing until New York has passed the incentive, but we don’t see it as hurting our attractive- ness,” says Douglas Steiner, the stu- Helping Diamond Foods dio’s chairman. “Our waiting list is pretty deep.” keep its lineup growing. Another potential plus for the city is that other states are also in a fiscal mess and are struggling to fund For nearly a century, Diamond Foods has been part of American households. their competing tax credit programs. As their business expanded beyond walnuts to premium snacks, we helped by Rhode Island, for example, is rac- ing to renew its incentive program in arranging the capital and nancing resources needed to go public in 2005, and time to lure Body of Proof,a new ABC later acquire Pop Secret popcorn and Kettle Chips. Working with you, our dedicated series about a medical examiner.The client manager can bring to the table all the solutions your business needs. Call show’s pilot was filmed in Rhode Is- land, and the series is likely to shoot Thomas Carley at 212.796.6947 or visit bankofamerica.com/businesssolutions there if the Rhode Island film and television office makes a good enough offer. The production spent $5.4 million in Rhode Island for its “Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed pilot and received a $1.3 million tax globally by banking af liates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking af liates of Bank of America Corporation (“Investment Banking Af liates”), including, in the United States, Banc of America Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, which are both registered credit. broker-dealers and members of FINRA and SIPC,and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Af liates: Are Not FDIC Insured r May Lose Value r Are Not Bank Guaranteed. New York studio executives are ©2010 Bank of America Corporation AR82314 readying offensives in case Rhode Island should drop the ball.

May 24, 2010 | Crain’s New York Business | 31 CN013554 3/12/10 11:36 AM Page 1 20100524-NEWS--0033-NAT-CCI-CN_-- 5/21/2010 1:23 PM Page 1

Job Search Difficulty Index, May 2010 Job seekers per Rank advertised job 1. Washington, D.C. 1.6 3. New York 2.1 50. St. Louis 13.1 BUSINESS LIVES Source: JuJu.com HOT JOBS EXECUTIVE INBOX

EXECUTIVE DIRECTOR Anne Fisher ORGANIZATION Empire State Pride Agenda Training JOB DESCRIPTION Overseeing a staff of 25 and managing a for teen budget of $3.7 million entrepreneurs MOST IMPORTANT TASKS Work- ing toward passage of the mar- IF YOU HAPPENED to be walking riage equality bill, managing rela- downtown last summer and had tionships to raise funds a hankering for a cup of java, you CREDENTIALS NEEDED Proven WKTU GOES WILD: may have wandered into a coffee political credentials and ability to Wendy Wild went shop at 127 Fulton St. and drive legislative agenda from the local noticed something unusual: The RECRUITER Phillips Oppenheim skating rink to the teenagers working there were big-time. SALARY Current executive director actually in charge. earned $216,350 in 2008 Not only that, but as different kids took over on different days, DOWNSIDE Securing financial support in a strained economy the shop’s name and decor changed, too. One team dubbed UPSIDE Motivating supporters, their enterprise Motley Brew and representing the LGBT community hired a live band to entertain The Empire State Pride Agenda is customers. Another group came New York’s LGBT civil rights and up with the name Mug Shots and advocacy organization. It is made covered the walls in actual up of two corporate entities and photos of suspected criminals, serves to advance the cause of equality and justice for lesbian, donated by the police precinct. gay, bisexual and transgender It was all part of a two-week New Yorkers. workshop run by a nonprofit called Teen Entrepreneur Boot —SELENA SHEN Camp (www.teenentrepreneur bootcamp.org). Priced at $429 or $759, the experience includes EXECUTIVE MOVES lessons in designing and pricing New York State Society a marketable product or service, of Certified Public calculating startup costs, writing Accountants: Joanne S. a business plan, keeping the Barry, 55, was books, and attracting customers. promoted to executive “The kids never believe me at director at the state first when I tell them, ‘Just accounting GOTHAM GIGS opening the doors doesn’t organization, which guarantee you will have represents 28,000 members. She was previously deputy executive director. customers,’ ” says Pam Chmiel, Katz Television Group: Frank Donaldson, TEBC founder and president. 44, was named senior vice president and “But they learn.” director of sales strategy and marketing Wild About Radio Another shock: operating in the media sales and marketing firm’s buck ennis expenses. If landlord Andy Kettler national marketing unit. He was hadn’t donated the space, “the previously senior vice president and while most of her peers live by ipods or mp3 players, Wendy director of network sales for V-me ‘All I want rent on that storefront would Media. Wild, the new midday DJ on dance station WKTU 103.5 FM, have been $18,000 a month, Hudson Legal: Mark S. Yacano, 47, joined to do is remains devoted to radio. “What could be better than relating to which was a real revelation,” Ms. the professional services firm as people through your voice?” asks the 28-year-old former gymnast, Chmiel adds. executive vice president. He was interview whose latest hobby is the flying trapeze.To keep up with pop Ms. Chmiel’s teaching, and previously at LeClairRyan, where he that of guest speakers, seems to was a shareholder and discovery culture, she TiVos three shows per night and reads about 15 blogs solutions practice leader. Lady have sunk in: At the end of the Real Estate Board of daily. ¶ Born Wendy Zilber, the Setauket, L.I., native was always a two weeks, the teens had sold New York: Angela Sung, Gaga!’ radio groupie.To receive WKTU’s signal, she had to rig her antenna enough coffee to break even. 32, was named senior with tinfoil and wire. “My parents knew I had kind of an obsession,” TEBC itself hasn’t quite vice president of achieved that goal yet, but it’s management services she says. ¶ Her first gig was at 15 at the ice-skating rink in Lake growing. This year, Ms. Chmiel and government Grove, when the DJ quit during a free-skate session and she jumped affairs. She was added winter workshops, formerly deputy chief into the booth. After high school, she interned at Nassau County’s including one in March focused of staff to Robert Lieber, deputy mayor of WBLI. ¶ In the decade since, she’s paid her dues working nights on designing, manufacturing and economic development. marketing a handbag with the NBC Local Media: Gregory Gittrich, 35, and weekends at stations in the tristate area. Ms. Wild never help of designer Alicia Kim. was promoted to vice president of finished college but earned an associate’s degree. Now she’s in the digital media and editor in chief. He biggest radio market. ¶ A smooth radio voice masks her inner teeny- DID YOU KNOW when you were a was formerly vice president of content teenager that you wanted to be an and editor in chief of the digital group. bopper. “All I want to do,” she gushes, “is interview Lady Gaga!” entrepreneur? Tell us at www.crains —maia blume —hilary potkewitz newyork.com/execinbox.

May 24, 2010 | Crain’s New York Business | 33 20100524-NEWS--0034-NAT-CCI-CN_-- 5/21/2010 1:23 PM Page 1

RÉSUMÉ REVIEW She can picture it now Is your job search all it could be? We ask the experts.

lentlessly dedicated to this site be- has ever done a full career retrospec- NAME YLORIE C. ANDERSON Head of Museum cause it sits right at the cusp of up- tive. The other thing I would point SUMMARY for African Art looks town and downtown and it bridges so out is we’ll be opening the Nelson Marketing professional with experience in many historic Harlem communities. Mandela Center. It will be the only consumer products and manufacturing to new uptown home We saw ourselves as a place where Mandela-authorized entity outside cultures could come together. South Africa, and will allow us to PROFESSIONAL EXPERIENCE look at all the social and humanitar- Kenra Ltd., 2006-2008 BY MIRIAM KREININ SOUCCAR How is your $95 million campaign going? ian issues that affect the African Director, sales and marketing; led and managed national cross- We are three-quarters of the way continent. functional marketing and sales team for consumer products, increased fter a nomadic existence there. salon-focused revenues by 15%, reduced costs by 17% since opening in 1984, the Will your husband run for mayor again? Brand manager, ethnic hair care; identified new concepts, led Museum for African Art What are the benefits of the new space? I truly believe public service is a call- development team, managed new product introductions will get its own home, a In SoHo,we were a fourth of ing. It’s not something you shirk. ArdorNY.com, 2004-2006 A75,000-square-foot facility on Fifth the size. If we wanted to He’ll be running again. Associate broker, residential real estate; led the redesign of corporate Avenue and East 110th Street, to install a new show, we logo, branding initiatives, marketing and communications; achieved open next year. President Elsie Mc- had to shut down the Will you take an active role in his broker status within 10 months; property sales exceeded $4 million Cabe Thompson,a 51-year-old Har- entire museum. Our campaign? EDUCATION vard-trained operating budget will I took a surprisingly active lawyer, talks double from rough- role this time, but my pri- DePaul University, M.B.A., business administration, 2001 about getting ly $3 million to mary focus has and will al- Norfolk State University, B.S., applied mathematics, 1996 MOVERS & the project off $6 million, but ways be my two full-time jobs: Résumé appears in condensed form. SHAKERS the ground; we have various taking care of my twins— EXPERT ADVICE her husband, contingency they are 12—and the mu- A résumé is a direct reflection of a candidate’s talents. Ylorie does a great former city plans. seum. I nurture them job quantifying her achievements and highlighting the exemplary timeline Elsie Comptroller equally—well, maybe in which she garnered results. She should further emphasize her sales McCabe William What will the the museum takes sec- Thompson; public see? ond place—but the experience. Be brief and to the point. Thompson and making The El An- museum is more than a —connie thanasoulis-cerrachio, career services expert, Vault.com real money. atsui show. job.If I wanted a “job,” To contact this candidate or to be featured in “Résumé Review,” e-mail us He’s a con- I would keep practic- at [email protected]. What drew you to the new space? temporary ing law and actually We started 12 years ago.We were re- artist. No one make some money. winston rodney

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34 | Crain’s New York Business | May 24, 2010 20100524-NEWS--0035-NAT-CCI-CN_-- 5/21/2010 1:22 PM Page 1 chemex / INSATIABLE CRITIC (646) 273-6022 or e-mail flickr.com Gael Greene [email protected] for further THE details. WORKSHOPS WEDNESDAY, JUNE 2 WEEK USINESS CENTER FOR NEW Join the B AMERICANS for a workshop on Internet Late-night dining marketing essentials from 6 p.m. to 8 AHEAD p.m. at 120 Broadway, suite 230. The fee is $25. Call (212) 898-4127 or e-mail

MAY31-JUNE 5 [email protected] for further bloomberg news at The Lion information. CONFERENCES & SEMINARS THURSDAY, JUNE 3 WHAT HE’S John DeLucie brings TUESDAY, JUNE 1 WORKSHOPS IN BUSINESS OPPORTUNITIES Join the AMERICAN BUSINESS FORUM ON will host a legal clinic from 6 p.m. to 8 READING traces of Waverly Inn EUROPE for a program on challenges and p.m. at 245 W. 17th St., ninth floor. The opportunities in the future of business clinic is free. For further details, call CITIGROUP CHAIRMAN Richard to West 9th Street media from 6 p.m. to 8 p.m. at the (212) 684-0854, ext. 0538, or e-mail Parsons is known as a jazz lover, McCann-Erickson Building, 622 Third [email protected]. arts supporter and owner of a t’s the 10 o’clock feeding Ave., 23rd floor. The event is free for Tuscan vineyard. Less well known time at The Lion, and a surge members and $30 for nonmembers. For CULTURAL EVENTS is his passion for reading history. FRIDAY, JUNE 4 Pick of modish narcissi swarm in. further details, call (212) 972-3035 or e- Lately, the former Time Warner mail [email protected]. Head to the HAROLD AND of the We’ve been sitting since MIRIAM STEINBERG CENTER week chief executive has been enjoying 7:30—the unstylish hour we THURSDAY, JUNE 3 FOR THEATRE at 111 W. 46th The Fourth Part of the World, by were unexpectedly lucky to score be- BRAZILIAN-AMERICAN CHAMBER OF Toby Lester, about the early 16th I buck ennis The St. at 7:30 p.m. for Tennessee cause our companion tonight and HUMBLE PIE: Lobster pot pie COMMERCE will hold a seminar on Williams’ classic, The Glass Menagerie, century map that first applied the the man commanding the newly renewable energy in Brazil from 8 a.m. to now enjoying an extended run. Tickets name “America” to the New World. feverish restaurant’s date book dis- 11 a.m. at Dewey & Leboeuf, 1301 Sixth range from $75 to $85 and can be “The guys who created this covered that they were both born in THE LION Ave. Fees are $75 for members and $150 purchased by calling for nonmembers. Call (212) 751-4691 or (212) 719-1300 or by visiting map named [the continent] after Singapore. 62 W. Ninth St. Amerigo Vespucci, which every- Well, of course it will be dark by (212) 353-8400 e-mail [email protected] for www.roundabouttheatre.org. www.thelionnyc.com additional information. body knows. But what most peo- the arrival of the nocturnal nomads. SATURDAY, JUNE 5 ple don’t know is when, or who, or We’re still on our banquette to wit- FRIDAY, JUNE 4 Visit the CENTER FOR ARCHITECTURE, 536 why, or how,” Mr. Parsons says. ness the drama. NEW YORK INSTITUTE OF TECHNOLOGY and LaGuardia Place, to check out the final “This book [gives the] answers.” “You know,” I remind my new the AMERICAN INSTITUTE OF CHEMICAL day of a special exhibition called Sunny Mr. Parsons is also a fan of friend, Cheryl Tan (ATigerInThe CUISINE American ENGINEERS will hold a conference on Memories about solar energy and bookstores. He found the some- Kitchen.com), as we do our Joan PRICE RANGE building a sustainable future from 8 a.m. architecture. The gallery is open from Entrées $22 to what obscure but well-reviewed Rivers quack on the modish proces- $47.50 to 4:30 p.m. at 1871 Broadway. Fees are 11 a.m. to 5 p.m., and admission is sional, “there are countless New $90 for general registration by May 28 free. Head online to title in the Northshire Bookstore SERVING Dinner seven days and $110 thereafter; $60 for NYIT http://main.aiany.org for more in Manchester Center, Vt. Yorkers who eat out all the time and faculty, staff, alumni and nonprofit information. have never heard of The Lion or RESERVATIONS Are you kidding? “It’s the greatest bookstore on agencies; and $35 for students. Call —maia blume the Eastern seaboard,” he says. John DeLucie [the chef-proprietor NOISE LEVEL Convivial —MATTHEW FLAMM who co-founded Waverly Inn, the To view Crain’s full calendar listings, go to www.crainsnewyork.com/events West Village snub house just a few I can’t wait to return. blocks away]. Hard to believe, isn’t I will definitely go back. it?” I’ll let them simmer awhile. Well, the two menus, both pretty straightforward and accessible, NO HATS Never again. are rather similar. Lobster pot pie here (just as good as the chicken pot pie in the old townhouse on Bank sist as my starter. Street). Amish chicken is decked The modest serving of sheep’s out for spring,the dark meat hacked cheese cavatelli is actually a bless- up into a fabulous nectar of spring ing. The tough little nubbins sink onion, ramps, wild mushroom and a in a greasy buerre noisette. None lemony ooze. And a very spare $20 of us wants to eat them anyway. shaving of truffles for your aspara- And would it hurt anyone (except gus evokes but does not replace Wa- maybe a dieter) to offer a second bis- verly’s truffled mac ’n’ cheese. You cuit? don’t need to be a vegan to love the Cheesecake in a jar? Well,at least roasted salsify with mushrooms. it’s served in a jumbo jar, enough for And the biscuits are actually better each of us to get a taste or three.I like here. it better than the too-sweet choco- At Waverly one night recently, late soufflé with espresso ice cream with no chef in sight, the pork chop that was sent as a gift by the kitchen. needed a saw. As for the Nutella crepes, people Actually, The Lion’s thick who order Nutella get what they de- haunch of pork is vexing, too. A serve. server lifts the dome and a choking With backers like David drift of smoke catches your throat, Zinczenko (Men’s Health), Dan the chef at play. And though we Abrams (Mediaite) and MTV’s asked for it medium-rare to rare, Tony DiSanto, and an early run of it’s barely pink. Graciously, the celebrity warm-ups with windows waiter takes it away. And the meat still taped and covered with paper so that replaces it—under its dome mere mortals wouldn’t see Demi with more hacking smell of burn- and Ashton, Mary J. Blige or Nora ing—is perfect, brilliantly Ephron, The Lion has emerged as caramelized, ever so slightly sweet, this week’s jelly bean. really rare. I like that the name harks back to Some of this good stuff makes up an earlier incarnation where Barbra for a few mingy portions—the Streisand once performed in the stinginess of tuna tartare with pick- ’60s. It won’t be easy to score a spot led Asian vegetables and sweetly at a time you like to eat.Who knows sticky sesame crisps, a Cobb salad how long that will last? that is a poor substitute for a true Cobb, a doll-size portion of scal- Copyright © 2010 by Gael Greene. loped potatoes, a side I couldn’t re- Syndicated by www.insatiable-critic.com.

May 24, 2010 | Crain’s New York Business | 35 CN013717 5/18/10 1:38 PM Page 1

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