www.njbiz.com JANUARY 28, 2013 $2.00

® Power 100 The100 most powerful people in New Jersey business

The rising Anytime you’re planning a list examining who the biggest movers and shakers are, there are dozens of events to consider, and much work to do in sorting out who was at work behind the scenes when things went wrong — or right. That was true in this year’s list, too — right until the wee hours of Oct. 29, when superstorm Sandy came ashore in New Jersey, leaving hundreds of millions of dollars in economic destruction in her wake. Now, in putting the pieces back together and rebuilding the state, “there’s going to be careers made, careers broken,” an insider says. Turn to page 14 to see who made the cut — and how they’re working to help the state rise up.

For address or name corrections, fax label to (732) 846-0421 Zelda / For Higgins Devon and Kurt NJBIZ ® AROUND THE STATE Outsourced dispatch services land in N.J.

XP Corp. of Cranbury, which handles 911 emergency dispatch for municipalities seeking lower costs and increased efficiency through Ioutsourcing, last week landed its first New Jersey contract with Law- rence Township, starting April 1. Richard Krawczun, township manager, estimated Lawrence will save about $1 million over five years in reduced overtime, and by no longer using police officers to cover dispatch. AARON HOUSTON Lawrence Consalvos, iXP senior vice president, said the com- CRDA approved $8.6 million in funds to start a revitalization project near Revel and $100,000 to study the feasibility of an indoor marketplace. pany is talking to a half-dozen other New Jersey municipalities. The Lawrence dispatchers have expressed anxiety about losing their jobs CRDA finances two key projects in Atlantic City to privatization, but Consalvos said, “We are looking forward to sitting down with them, calming their fears, and showing them the career and tate officials last week moved to help finance funding to start its South Inlet redevelopment proj- employment opportunities iXP has.” two key development projects in Atlantic City ect, which will begin with the acquisition and de- Consalvos said iXP uses flexible staffing, scheduling more dis- S— an indoor marketplace and a revitalization molition of 62 low-rise apartments and other units patchers during peak hours. Of Lawrence’s nine dispatch positions, five project near Revel. in the neighborhoods north of Revel. The funding of them are currently filled and the dispatchers are represented by the At its Jan. 22 meeting, the board of the Casino will cover the expenses associated with relocations American Federation of State, County and Municipal Employees; iXP Reinvestment Development Authority approved and professional services tied to the demolition and is nonunion. Krawczun said iXP pays performance-based compensa- $100,000 for a feasibility study by Market Ven- redevelopment, the news release said. tion and bonuses, and cost-of-living increases. He said the township’s tures Inc., according to a news release. The Port- The acquisition and relocation activities are dispatchers currently earn from $36,291 to a maximum of $57,259 for land, Maine-based firm will examine five potential expected to begin within 12 to 18 months. CRDA, a senior supervisors. sites identified for the indoor marketplace and make however, has acknowledged that Revel’s poor per- Spun off from EDS in a 2000 management buyout, iXP is in its recommendations for vendors, operational practices formance since it opened last year has complicated fourth year of providing 911 dispatch for the Atlanta suburb of Sandy and other elements of the project. attempts to finance the ensuing development, pub- Springs. The company provides emergency police and fire technology CRDA’s board also approved $8.6 million in lished reports said last week. – Joshua Burd to New York City and has designed college campus security systems nationwide, including Princeton University. – Beth Fitzgerald

Mack-Cali starts work lord and developer announced on Roseland projects in October that it would acquire Roseland, one of New Mack-Cali Realty Corp. Jersey’s prominent multifamily has started construction on a builders. – Joshua Burd 280-unit Weehawken apartment property being developed by its Rutgers to launch Roseland subsidiary, the com- pany announced last week. center for real estate The project, RiverParc at Rutgers Business School will Port Imperial, is among the first launch a Center for Real Estate to commence in the Roseland and Construction later this year portfolio since Mack-Cali ac- to conduct research and teach quired the multifamily builder graduate students and industry last fall. Construction started professionals. The center will in December on the 10-story also address issues shaping the rental property, which is a joint future of real estate, such as the venture with the Prudential rise of nontraditional com- COURTESY ST. MARY’S HOSPITAL Insurance Co. of America. petitors, sustainability and green The sale of St. Mary’s Hospital in Passaic to Ontario, Calif.-based Prime Healthcare is being reviewed by the Office of the Attorney General. The project costs about $100 construction, and the complex million, Mack-Cali said in a Jan. and shifting landscape of real Process continues for St. Mary’s Hospital purchase 23 news release. It is within Rose- estate finance. land’s sprawling Port Imperial The business school has he process continues for Ontario, Calif.-based Prime has tried to purchase. Last year, Prime backed complex along the Hudson River received $3 million in gifts to Prime Healthcare as it works to break into out of a deal with Christ Hospital when questions in Weehawken. support an endowed real estate Tthe New Jersey market. Currently, the Office about the company were raised by locals. The Edison-based Mack-Cali professorship and to develop of the Attorney General is going through the Com- St. Mary’s has 269 beds, and is the last remain- also announced last week that the center: $1.5 million from munity Health Asset Protection Act review of the ing hospital in Passaic, which at one time had three. it had started construction on Paul V. Profeta, founder of a for-profit company’s purchase of St. Mary’s Hospital, It is sponsored by the Sisters of Charity of St. Eliza- a Roseland project near Boston, West Orange-based real estate according to a report in The Record. beth, which also sponsors St. Joseph’s Healthcare and that it would acquire two investment firm, and $1.5 The review happens whenever a nonprofit System’s two hospitals, in Paterson and Wayne. other rental properties currently million from an anonymous hospital is transferred to for-profit ownership, and The sale of the hospital was announced in late managed by the new subsidiary. donor. can happen at the same time as the Department of November, and published reports have said Prime The acquired properties include The center will recognize Health reviews ownership transfers through the cer- will pay $25 million once the transaction is approved 722 units and are being pur- that “the traditional bound- tificate of need process. by the regulatory bodies, plus begin a strategic capi- chased for about $150 million. aries between industries are This is the second hospital in New Jersey that tal investment in the hospital. – Melinda Caliendo The longtime office land- breaking down,” said RBS Vice

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2 January 28, 2013 X NJBIZ www.njbiz.com ® AROUND THE STATE

WINNERS/LOSERS N.J. Home Purchase Contracts Supply and demand Utility customers – WINNER Revel – LOSER 35% Monthly Year-on-Year Change After pausing in November due to the after-effects of Hurricane The BPU issued 100 improvement mea- Steve Sweeney just came out and 30% Sandy, New Jersey home sales con- sures in response to that big storm — said it: surely someone else can run 25% tinued their rise with a 7 percent but it was Hurricane Irene in 2011, not this place better. Billing itself “the East 20% year-over-year increase in Decem- Sandy in 2012. Still, the measures for Coast’s sexiest beachfront destina- ber. Home purchase contracts rose utilities’ preparedness, communications, tion,” Revel sent a release last week 15% 21 percent in 2012 while unsold infrastructure and more should alleviate about how to raise the “passion level” 10% inventory declined by 18 percent. fallout, and make customers light up. at the resort on Valentine’s Day. But it

Change from prior year Change from 5% Expect the trend of rising purchase was Sweeney turning up the heat. 0% demand, and fewer homes to Frank Lautenberg – LOSER choose from, to continue in 2013. Poll results released on his 89th birth- Prudential Center – WINNER Jul 12 Jan 12 Feb 12 Mar 12 Apr 12May 12 Jun 12 Aug 12 Sep 12 Oct 12 Nov 12 Dec 12 Source: Otteau Valuation Group Inc. day showed 71 percent think his age New Jersey didn’t have a venue big might be a liability to do the work of a enough for the coveted NFL Experi- U.S. senator. Looking a bit cranky, Laut- ence, but landed other high-profile Dean Mitchell Koza, as con- as the official opening of its tween the town and the school. enberg suggested Cory Booker, who events. Media Day, the first official struction equipment makers Hammonton satellite campus. Until this week, Stockton stu- saves people from fires, might need to public event of Super Bowl 2014 fes- expand to become full-service The Kramer Building, set in a dents were taking evening courses be spanked. Not a good way to start tivities, will be held at The Rock. Bring- real estate firms, and compa- refurbished garment factory, will at St. Joseph High School in the your last year as an octogenarian. ing hordes of journalists there is great nies like McDonald’s manage open its doors to students in town. Now classes will be offered exposure for the arena and Newark. extensive global real estate undergraduate, graduate and con- during the day and at night in the Jenkinson’s – WINNER portfolios. – Beth Fitzgerald tinuing education programs. extension facility. The Point Pleasant Beach boardwalk bar Tilman Fertitta – LOSER The facility, previously Stockton already offers has been fighting with town officials The Golden Nugget billionaire played home to the Bertino/National classes at an instructional site in about a proposed midnight closing law. blackjack at Borgata and Revel last Stockton set to open But last week the town and bar reached year — a violation of state regs for ca- Garment Factory, is on the Manahawkin, as well as operates an agreement, which media reports sino owners. Unaware of the ban, Fer- new satellite campus main street of Hammonton, museums and arts facilities in say was expedited by Sandy. Now both titta last week agreed to pay a fine, but The Richard Stockton College and the renovation was part of Atlantic City, Hammonton and sides can move forward in rebuilding the $15,000 nugget is probably like of New Jersey has set Thursday a public-private partnership be- Woodbine. – Melinda Caliendo the boardwalk, and their relationship. the cost of a movie ticket to Fertitta. FACE TIME: LOVED Corrections The latest Quinnipiac poll gives Christie his highest Q A contract for a private company to run some operations of the state lottery would require a $120 mil- rating ever, with majorities of men, women, Republicans, lion upfront payment. The amount was incorrect in a Jan. 14 story about the bidding process for the contract. Democrats, whites, blacks and Hispanics approving. We bet aliens would approve too, if they were polled. Plus, Q The Prudential Center has three tenants: the Devils, Seton Hall and Liberty. The Jan. 21 editorial had the the governor continues to rake in cash for his re-election. wrong number of tenants.

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Q Shipping company SeaCube Container Leasing Ltd., in Park Ridge, agreed to be acquired by the Canada-based long-term equities group of the Ontario Teachers’ Pension Plan for $467 million.

Q Private equity firm InterCore Energy Inc., in Mahwah, acquired Canada-based smart phone application developer SRG Inc. to focus on the development of sleep and fatigue detection software. Terms were not disclosed.

Q Livingston-based accounting firm Sobel & Co. LLC merged with consulting firm Tinari Economics Group, in Livingston, to expand its services for law practices and government agencies.

AARON HOUSTON Q Defense firmITT Exelis Electronic Stephen Santola, left, EVP and general counsel, and Lewis Zlotnick, president of Woodmont Properties, believe the level of activity tied to apartment projects has never been higher. Systems, in Clifton, was awarded a $2.15 million military sales contract by the Air Force Research Laboratory at the Wright-Patterson Air Force Base to research the development of a HIGH HOPES FOR INVESTORS WITH navigation satellite for the base’s current global positioning system. APARTMENTS IN SHORT SUPPLY Q The Mahwah-based retail card services division of TD Bank announced it has been Owners, builders, sellers steadily since its peak of 5.2 percent in 2010, Otteau said. In 2012, permits for new selected by Connecticut home furnishings would reach 2 percent for the first time since apartment projects rose 51 percent in New retailer Pilgrim Furniture City to create and scramble to capitalize at least 1970, the start of Otteau’s records. Jersey, while single-family home permits administer their new branded, private-label on state’s under-built, “I have seen it in places like New York increased by 15 percent. While the housing credit card program. City, which is obviously a very hot spot market has improved, he called the dispari- booming rental market when it comes to the rental market,” Ot- ty a “dramatic” reversal of historical trends. Q The broadcasting division of ValCom Inc., teau said, referring to the low-vacancy “Right now I think you’d build any- in Boonton Township, signed an affiliation BY JOSHUA BURD benchmark. “But I haven’t seen it here in thing you could absolutely immediately,” agreement with a television station in San APARTMENT UNITS will remain in short New Jersey before.” said Stephen Santola, executive vice pres- Antonio, Texas, to launch its network on the supply for at least another year as rental He noted that temporary housing ident and general counsel of Woodmont station’s digital channel. demand surges in New Jersey, industry needs from Hurricane Sandy are also creat- Properties, referring to rental projects. He experts and insiders say, meaning 2013 ing demand. With those factors, and with pointed to the favorable interest rates, la- Q Pharmaceutical firm Celsion Corp., is quickly shaping up to be another deliveries for new multifamily construc- bor pool and market demand that make it in the Lawrenceville section of Lawrence boom time for multifamily owners, sell- tion not expected to pick up until next “a great time if you’re in the ground.” Township, entered into a technology ers and developers. year, rents are expected to rise 4 to 5 per- The Fairfield-based developer in June development agreement with China-based The state’s rental market is poised to cent in 2013, he said. That would follow opened Woodmont Square, a 100-unit Zhejiang Hisun Pharmaceutical Co. Ltd. to reach “virtual full occupancy” this year, the 3 percent rent hike recorded in 2012. luxury rental community in Bridgewater, manufacture its oncology treatment drug for said Jeffrey G. Otteau, president of Otteau Developers here are now rushing to and later broke ground on apartment proj- – Katie Eder the Chinese market. Valuation Group, in East Brunswick. That take advantage of the needs in a market ects in Red Bank and Hanover, said Lewis would mean that vacancy, which has fallen that has been under-built for four decades, > See RENTALS on page 7 More providers turn to palliative care to improve patient satisfaction Holistic approach to managing chronic cases could lower costs patients spend more days in the hospital, responding benefit for our patients,” said and specifically the intensive care unit, Dr. Amy Frieman, medical director of pal- BY MELINDA CALIENDO the most expensive patients can be reduced during the last six months of life than any- liative care for Meridian. NEW JERSEY IS considered to be home to while increasing patient satisfaction. where else in the U.S. This hospitalization “The costs are, to some extent, fo- the most aggressive medical care for those Last May, Meridian Health launched a means inpatient spending in the last six cused on a small group of patients that facing advanced chronic diseases. But that Centers for Medicare and Medicaid Services months of life in New Jersey is nearly 1.35 have multiple co-existing problems,” said doesn’t mean that patients are getting bet- demonstration program that coordinates times that of the national average, adding Dr. Steven Landers, president and CEO ter, or experiencing a higher quality of life. care for more than 400 Medicare patients. up to more than $247 million beyond the of the Visiting Nurses Association Health Around the state, health care providers Meridian is one of four providers around the national average. Group. “And in spite of all the spend- are working on new ways to integrate palli- nation participating in the demonstration. “We provide the most aggressive care, ing for this group, there’s a lot of suffer- ative care — a holistic approach to manag- The Dartmouth Atlas of Health Care we provide the most expensive care and ing and a lot of unaddressed pain and ing advanced diseases — to see if costs for has reported that, as of 2007, New Jersey there’s never been a study that shows a cor- > See CARE on page 9

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Largest claim based on comparison of carriers’ owned/operated networks. Network details & coverage maps at vzw.com. © 2013 Verizon Wireless. F7962A RENTALS buyers who acquire older properties in top > Continued from page 5 locations and then renovate them. … it’s going to be a great opportunity Multifamily trading volume in “pri- Zlotnick, the firm’s president. The 96-unit mary, secondary and tertiary locations … for borrowers of all shapes and sizes … Red Bank project called for condominiums was just unrelenting” in 2012, said Ken when the borough first approved it in 2006, Uranowitz, president of Gebroe-Hammer to lock in lower rates, because this party but was stalled by the recession and then Associates. The Livingston-based broker- recently reconfigured to feature rentals. age closed nearly 90 deals last year, span- could be over in the next six months. Woodmont also is in line to acquire ning all property types — from urban high- Mark Scott, principal, Commercial Mortgage Capital Corp. and build a transit village in Metuchen, rises to suburban garden apartments. Santola said, noting that for the 50-year- “Those are different-tiered asset class- old firm, the level of activity tied to apart- es, but you also have different-tiered inves- even at year’s end — with Gebroe-Hammer “There’s extremely high demand in all ment projects has never been as high as it tors who own that type of product or are closing three deals a week in December — classes, and this is not going to stop,” he said. is now. looking for that type of product,” Uranow- despite concerns over hikes in the federal E-mail to: [email protected] “Back in the better days of for-sale, itz said. He noted that activity was strong capital gains tax. On Twitter: @joshburdnj there might be two or three communities overlapping one another, but not in the rental apartment world, for sure,” he said. Construction deliveries statewide are not expected to accelerate until 2014, Ot- teau said, because the rental market first gained its strength in 2010. The “incuba- tion period” for an apartment project is about three years from conception to being ready for move-in. For real estate investors, the fervent pace of multifamily sales is poised to con- tinue. Mark Scott, a Livingston-based mortgage banker, said “there’s a lot of money on the sidelines that needs to be invested” by institutional sources like pen- sion funds and insurance firms, especially earlier in the year. The state’s supply constraints and lengthy approval process are key drivers GROW. WISELY. for multifamily investment sales, he said. Compounding that are stricter lending re- quirements for developers — lenders are now only willing to finance around 65 per- cent of a project, he said, as opposed to 80 to 85 percent in 2005 to 2008. But perhaps the most important dy- namic for buyers is the concern that inter- est rates may start to rise again before 2013 Everyone wants to grow. But grow how? In which is over. “At least for the next few months it’s markets? At what cost? To grow wisely, you need an going to be a great opportunity for borrow- ers of all shapes and sizes … to lock in low- advisor who really knows your business...and knows er rates, because this party could be over in the next six months,” said Scott, principal you. Who can deliver tailored solutions that create of Commercial Mortgage Capital Corp. He said several of these factors together opportunities, maximize effi ciency and build business. could lower the capitalization rates for apartments, which have fallen from 2010 EisnerAmper is that advisor. We roll up our sleeves Charles Weinstein and are the best of any asset class. Chief Executive Offi cer The demand has led commercial real to get to the bottom of your toughest challenges so 212.949.8700 estate investors to increasingly shift alloca- [email protected] tions from office and retail to multifamily, you get the advice and strategies you need to create said Brian Whitmer, a broker with Cush- Howard Cohen man & Wakefield. And the northern and sustainable growth. Chairman central New Jersey market has started to 732.287.1000 draw funding sources from other parts of [email protected] the country, such as the West Coast and Let’s get down to business.TM the South. www.eisneramper.com “A lot of those who traditionally have stayed within their region are starting to EisnerAmper LLP reach out to us to say, ‘Hey, I’m interested in Accountants & Advisors development and in learning your market,’” said Whitmer, the senior director of C&W’s Independent Member of PKF International Metropolitan Area Capital Markets Group. In turn, the rush to build and own rental assets has trickled down in a big way Follow us: to older properties and to markets further NEW YORK | NEW JERSEY | PENNSYLVANIA | CALIFORNIA | CAYMAN ISLANDS inland from the Hudson waterfront. Whit- mer said “the biggest growth in terms of new investment dollars” has come from

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P S WLVWSL PU [OL 51YLHSLZ[H[LPUK CARE fellowship to complete their training. > Continued from page 5 Expansion of the field has been set back, by the “dangerous, dark mes- unaddressed psychosocial concerns.” sage” sent by politicians when discussing Palliative care is designed to ad- end-of-life care, Contreras said. Palliative dress comfort issues, including mental and hospice care were labeled in national and spiritual issues, for patients with ad- debates on health care reform as “death vanced diseases. Teams can include social panels” as the field was misconstrued as workers, pain management specialists, withholding potential curative treatments. Dr. Amy Frieman, medi- clergy, home care givers and sometimes “Physicians across the country found cal director of palliative massage or acupuncture therapists. it abhorrent that the sickest and most vul- care, and Dr. Richard Landers said when you reduce suffer- nerable became a political football … it was Scott, senior vice presi- ing you also reduce the cost of care by low- very disappointing,” Scott said. dent of medical affairs, at ering readmissions to hospitals and keep- E-mail to: [email protected] Meridian Health. ing people independent longer. On Twitter: @mcaliendo33 AARON HOUSTON The VNA Health Group offers both palliative and hospice care options to their patients. Hospice care can be a form of palliative care offered during the last six months of life, but palliative care is not Who can Your Business count on today? strictly end-of-life care — it can be pro- vided long before a terminal diagnosis and concurrent with curative therapies. “It is often about symptom manage- ment within the patient’s own designs for care,” said Dr. Richard Scott, senior vice president of medical affairs for Meridian. “When they’re not engaged in their care management, then others start to define it for them. And that probably leads to an overabundance of care.” Frieman said Meridian’s palliative spe- cialists consult with patients to free prima- ry care physicians to focus on the disease without adding more to the doctor’s plate. “Their primary physician remains the ‘quarterback,’” Frieman said. “We, as a pal- liative care team, feed all of our informa- tion and recommendations back through the primary doctor,” in order to continue the patient-doctor relationship. Scott said that while other dem- onstrations attempt to “bend the cost curve,” the palliative care demonstration Just like your clients can count on you to give is focused around patient satisfaction. If them dedicated service, you can Count on the demonstration can prove patient sat- isfaction, he said the “other end will take Columbia, the Business Bank of New Jersey, to care of itself.” give you the financial products and services you need Hackensack University Medical Cen- ter’s palliative program takes a different to succeed. And you can always Count on Columbia to approach. Hackensack is using nurses to implement a “train-the-trainer” program, remain true to the principles of community banking. To so any caregiver can initiate conversa- LEARNMOREABOUTOURBUSINESSBANKINGSERVICES CALLOR tions about comfort care or end-of-life choices. Dr. Jose Contreras, director of visit your nearest Columbia Bank office. pain and palliative care, said it is almost “inappropriate” to add an additional team to consult, without a relationship, on dif- ficult choices. “We developed a comfort care order set that any physician can have access to that is a drop down menu with all sorts of ,INESOF#REDITs0RIME,INESOF#REDITFOR0ROFESSIONALS s4ERM,OANSs3"!,OANSs Permanent Mortgages options … to help facilitate that process with the very thought in mind that every- #ONSTRUCTION&INANCINGs Business CheckingsAttorney Escrow Accounts s Direct Payroll Deposit body should be able to do this, and you Night Depositories s Retirement Plans sBusiness Online Banking don’t need a special team to come in and get the orders going,” said Contreras. Palliative care is still in its infancy, ac- cording to Contreras. Hackensack became the first hospital in the state to receive advanced certification in palliative care from the Joint Commission accrediting Convenient Offices Throughout New Jersey body late last year. CMS began using bill- -AIN/FlCE 2OUTEs&AIR,AWN .*s    ing codes for palliative care in 2008, and columbiabankonline.com this will be the first year that palliative Count on Columbia. Member FDIC care subspecialists will be required to do a

www.njbiz.com NJBIZ X January 28, 2013 9 New Jersey tourism team The first bill, A-3049, would clarify that all public corporations incorporated to tackle Super Bowl under New Jersey law are subject to the Neither the Jets nor the Giants made New Jersey Shareholders Protection this year’s Super Bowl — or the playoffs, Act. The bill would also change the rules for that matter — but that doesn’t mean governing business combinations be- New Jersey won’t have a team down in tween a corporation and interested stock- New Orleans for Super Bowl XLVII. holders, which the sponsors say would By Jared Kaltwasser Jim Kirkos, president and CEO of bring them more in line with common the Meadowlands Regional Chamber of business practices. Commerce, said he’ll A-3050 changes the New Jersey Busi- be part of a delegation ness Corporation Act to allow sharehold- of Garden State tour- ers to participate in meetings via remote ism officials manning communication, and would amend a booth at the Super the method by which shareholders can Bowl’s media center. challenge corporate actions, making the “We plan on do- state’s law more in line with the Ameri- ing things like giving can Bar Association’s Model Business away cookies made by Corporation Act. Jim Kirkos the Cake Boss, saltwater The final bill, A-3123, amends state taffy, and things like that,” he said. law surrounding derivative proceedings, Kirkos will be joined by Judy Ross, making it easier to dispense of cases director of the Meadowlands Liberty deemed by disinterested parties to be not Convention and Visitors Bureau, a di- in the company’s best interest. vision of the Meadowlands chamber. Stearns said these are the kinds of The other members of the contingent changes most likely to be followed in will be Leslie Bensley, executive director general counsels’ offices across the state of the Morris County Tourism Bureau; and beyond. Lori Pepenella, chair for New Jersey’s “It sends the right message to the destination marketing organizations; business community,” she said. “…they Michael Davidson, executive director may appear to be small, minor kinds of of the Greater Newark Convention and initiatives but they’re important, and Visitors Bureau; and Bill LaRosa, direc- they’re important to the corporations THINKSTOCK tor of cultural affairs and tourism for that are headquartered here and might be Hudson County. Grace Hanlon, execu- looking at coming here.” tive director of New Jersey’s Division of CWA’s lottery fight wages, Travel and Tourism will also be on hand, Lawmakers, lobbyists prep as will the division’s marketing director, Anthony Minick. for Walk to Washington Christie balks at controversy The Garden State contingent will be joined in the booth by a half-dozen rep- resentatives from New York, Kirkos said. t could be months before we know what the He doesn’t expect a rivalry between the two delegations. Christie administration will do with the lone “There’s going to be enough business Ibid it received to run the operations and mar- to go around,” he said. keting of the state’s lottery, but the legislative ef- Business reform bills forts to stop the partial privatization continue. take cue from Delaware THINKSTOCK A trio of technical but potentially im- “We are asking the Legislature to Corzine ought to give Christie pause. pactful corporate business reform bills This week’s New Jersey State Cham- put pressure on (Chris) Christie to stop this “It says strategic functions and func- appears on its way to passage. ber of Commerce Walk to Washington and start over,” said Seth Hahn, leg- tions core to the lottery have to remain The bills, sponsored by Assembly- will culminate with Christie giving the islative and political director for CWA under state control,” he said. “But it’s man Patrick J. Diegnan Jr. (D-South keynote address at a dinner at the Marriott New Jersey. less clear whether that has to be done by Plainfield) and Assemblyman John J. Wardman Park. But there are plenty of oth- The Assembly is expected this week public employees or private employees.” Burzichelli (D-West Deptford), are de- er side events scheduled across the district. to take up A-3614, a bill that would re- The CWA believes Christie’s plan signed to boost the state’s competitive- Among the groups holding recep- quire any lottery-related state contract wouldn’t pass muster. Hahn said it ness and streamline the laws governing tions are the Smart Growth Economic with a private entity to gain legislative just makes business sense to get the corporations. All three were passed unan- Development Coalition, the Greater approval before it could take effect. The DOJ’s approval before moving forward imously in the Assembly last year, and Atlantic City Chamber of Commerce bill cleared Assemblyman Vincent Pri- with the contract. cleared the Senate Commerce Committee and the newly rebranded Mid-Jersey eto’s (D-Secaucus) budget committee ear- “People in the business community earlier this month. Chamber of Commerce, which previ- lier this month. Not surprisingly the vote talk a lot about predictability,” he said. “It’s a positive ously was the Mercer Regional Chamber went along party lines. “This is a way to provide a very clear step,” said Christine of Commerce. Prieto’s committee also OK’d a non- type of predictability for that contract Stearns, vice president “The parties are kind of tools for the binding resolution asking the Chris- moving forward.” for health and legal af- group that hosts it,” said one State Street tie administration to clear its partial Christie spokesman Michael Drew- fairs at the New Jersey lobbyist. “It increases their level of expo- privatization of the lottery with the U.S. niak dismissed the DOJ question as a Business and Indus- sure and access to key decision makers, and Department of Justice prior to awarding nonissue, saying the state wouldn’t have try Association. “It’s it’s a public relations technique.” any contract. moved forward if the contract were pro- a continuation of the The source said many politicians and Hahn said that’s because serious hibited. He accused Prieto of “ginning process to align New lobbying groups also hold private dinners Christine Stearns questions remain about the legality of up” controversy to please the CWA. Jersey’s corporate law or parties. Firms are taking advantage of the private-sector involvement in running “This is a limited contract; the state with Delaware law.” trip to Washington by lining up meetings state lotteries. He said Gov. Jon S. Cor- is not selling the lottery to a private en- Delaware’s corporate laws are seen as with their D.C. contacts. zine sought a similar opinion back in tity, which would not be permitted,” the most business friendly in the nation, “The nice thing about it is there’s a lot 2008. Hahn said the memo DOJ sent to Drewniak said. Stearns said. of people all in one place,” the source said.

10 January 28, 2013 X NJBIZ www.njbiz.com organizations — for the possibility of a No change with exchange Trenton doesn’t see Christie going the transfer of ownership. Chris Christie has made it clear that hybrid route. “He has already announced grapevine “It is premature to speculate on the he won’t create a state-run health insur- that he will do a federal exchange,” outcome,” Galloway said a statement. ance exchange, citing a lack of informa- the source said. “He could reverse course, “Details will be publicly announced tion from the federal government when but I don’t think it’s likely he will.” Incentives running on empty should a final decision be reached. he vetoed legislsation in December. New Jersey will still have the option of The state’s Urban Transit Hub and Grow Atlantic Health confirmed St. Clare’s Small businesses and individuals will running its own exchange in future years, New Jersey tax credit programs are run- statement through spokeswoman Pam use the exchange to shop for federally and this source predicted that “Christie ning dry, and a source said the business Garretson, who said there was no ad- subsidized health plans this fall under will do a federal exchange for the first year community is now asking what happens ditional information available. the federal Affordable Care Act. and then see how it works, then make a if more “big-time” commercial develop- This is the second time St. Clare’s But Christie has until Feb. 15 to de- decision about what to do going forward.” ment opportunities come along. has had a serious courtship in as cide whether to create a hybrid exchange About $330 million is left to be many years — a deal with national — a partnership between New Jersey and Grapevine reports on the behind-the-scenes buzz awarded under the popular incen- for-profit system Ascension Health the federal government. in the business community. Contact Editor Sharon tive programs, and $100 million has Care Network fell apart last fall. A close watcher of health policy in Waters at [email protected]. been earmarked for residential pro- jects, according to the Economic Devel- opment Authority. Agency spokeswoman Rachel Hartman last week said there “are currently applications in house that could potentially use up the re- maining (Urban Transit Hub and Grow New Jersey) allocations,” but they are on a first-come, first-served basis and are not allocated until the EDA’s board approves them. But rumors are now circulating that the program will be maxed out after the next one or two EDA meetings, an in- sider said. Without action by lawmakers, that would leave the state without two of its biggest weapons in the fight to lure companies to New Jersey. The source said brokers are dis- cussing several large-scale economic development opportunities, includ- ing some business facility needs re- sulting from Hurricane Sandy. The list also includes “the perennial favorite” — the Hunts Point Terminal Pro- duce Market in The Bronx, which in recent years has mulled relocating to New Jersey. The person also pointed to the EDA’s recent request for bids for the $100 mil- lion set-aside for residential projects un- der Urban Transit Hub. With bids sub- mitted for 11 projects, the sum of the tax credits requested eclipsed the allocation by nearly $180 million, and some final- ists are now “rowing in place” because of the uncertainty of what comes after the current pot of money runs out, the per- son said. Reaching the limit for Urban Tran- sit Hub and Grow New Jersey could be a moot point if a new bill finds success in Trenton. In mid-January, Al Coutinho introduced a measure that would over- haul and renew the state’s incentive pro- grams, in part by consolidating five of the programs to two.

Atlantic courts St. Clare’s Two sources have let Grapevine know that the Atlantic Health system is on the verge of yet another expansion. The two health care executives said the Mor- ristown-based system is about to close a deal with St. Clare’s Health System to become the new owners of the four-hos- pital chain. According to St. Clare’s spokes- woman Stephanie Galloway, the system’s parent company Catho- lic Health Initiatives is in discussions with Atlantic Health — as well as other

www.njbiz.com NJBIZ X January 28, 2013 11 HOW TO REACH US

MAILING ADDRESS .compilation NJBIZ, 220 Davidson Ave., Suite 302 Somerset, NJ 08873 PHONE (732) 246-7677 FAX: EDITORIAL (732) 846-0421 N.J. lands key 2014 Super Bowl events FAX: ADVERTISING (732) 249-8952 FAX: OPERATIONS (732) 846-0421 BY JOSH BURD Christie’s announcement SUBSCRIPTIONS (866) 288-7699 New Jersey has landed several ma- came about 90 minutes before a REPRINTS For article reprints and permissions, please contact The YGS Group at (800) 290-5460, jor events and assignments for press conference at New York City ext. 100 or [email protected]. next year’s joint Super Bowl with Hall, where city officials and mem- For photos, please see www.njbiz.com/photos New York, including Media Day, bers of the game’s host committee the first official public event of the unveiled the list of events that will PUBLISHER week leading up to the champion- be held east of the Hudson River. Thomas F. Curtin [email protected] ship game, and hotel lodging for Mayor Michael Bloomberg

ADVERTISING the two teams that will meet at touted attractions such as “Super DIRECTOR OF SALES MetLife Stadium, state officials an- Bowl Boulevard,” a four-day event Mark S. Cialdella [email protected] nounced last week. that will turn a 10-block stretch of SENIOR ACCOUNT EXECUTIVE Media Day, a high-profile Broadway into a corridor of player Penelope Spencer [email protected] event featuring players of both appearances, clinics, concerts and ACCOUNT EXECUTIVES teams, will be held at Newark’s other features. Susan Alexander [email protected] Prudential Center on Jan. 28, Super Bowl Boulevard will Holly Gallicchio [email protected] 2014, Gov. Chris Christie’s office have many of the same features Kevin McCrea [email protected] Molly Miller [email protected] said in a press release. It will mark as the NFL Experience, an annual Mark Modoski [email protected] the first time the event is held out- is a little more than one year away, to be hosted by two franchises. interactive convention-style event Jason Singh [email protected] side the game’s host venue. and in New Jersey, the countdown The Garden State also will that has become a Super Bowl Christie’s office also an- has officially begun,” Christie said host another “mainstay” Super week staple. EDITORIAL nounced last week that both Su- in a prepared statement. “Host- Bowl event, the NFL’s Tailgate Par- Jim Kirkos, president and EDITOR per Bowl teams would stay at New ing the big game on Feb. 2 and its ty, at the Meadowlands Racetrack’s CEO of the Meadowlands Region- Sharon Waters [email protected] Jersey hotels as they prepare at the many celebratory lead-up events grandstand, the press release said. al Chamber of Commerce, said he MANAGING EDITOR during Super Bowl week is a major The event takes place in the final Joe Arney [email protected] Giants’ and Jets’ practice facilities. would have “loved to have the DESIGN EDITOR The NFC team will use the Timex win for the state, its tourism and hours leading up to the event. NFL Experience … but the fact is Robert F. Russo [email protected] Performance Center, in East Ruth- economic developments.” The host committee’s pregame we didn’t have the right venue.” STAFF WRITERS erford, while the AFC team will The 2014 Super Bowl will be party also will be held here, as will Still, he said, “I think New Jersey Real Estate/Sports and Entertainment practice at the Atlantic Health Jets the first in NFL history to be held the postgame parties for both par- fared really well.” Joshua Burd [email protected] Training Center, in Florham Park. in an open-air venue in a cold- ticipating teams, all at venues to be E-mail to: [email protected] Health Care/Retail/Higher Education “Our region’s first Super Bowl weather setting, and also the first announced, state officials said. On Twitter: @joshburdnj Melinda Caliendo [email protected] Online/Transportation Katie Eder [email protected] IN BRIEF Insurance/Banking/Finance/Law/Accounting Beth Fitzgerald [email protected] Southern Jersey ship, confirmed they are in early dis- Both systems said in their any additional comment beyond Trenton Bureau/Economic Development cussions for potential collaborations. statements that they “regularly ex- the statement. Jared Kaltwasser [email protected] hospital systems The two systems issued identical plore collaboration opportunities Statewide, a variety of hospi- CHIEF PHOTOGRAPHER discuss collaboration statements to NJBIZ, saying more de- with other organizations through- tals have considered acquisitions Aaron Houston [email protected] Two more New Jersey hospi- tails will be made available to stake- out the state and in the region,” or mergers, or discussed other RESEARCHER tal systems are considering joining holders at a later time. There was no including “ideas that would benefit ways to collaborate, in recent years Danielle Mack [email protected] forces. Both Virtua Health, based indication of the type of collabora- the residents of the communities because of the many changes oc-

ART / PRODUCTION in Marlton, and Kennedy Health tions being explored, or if ownership we serve.” curring in the health care industry. DESIGN MANAGER System, based in Washington Town- discussions are taking place. Neither system would provide — Melinda Caliendo Andrew Ogilvie [email protected] SENIOR DESIGNER Sara Siano [email protected] DESIGNER SuiteEscape: What is your favorite quote? Kevin Paccione [email protected]

EVENTS EVENTS DIRECTOR Wendy Berg [email protected] EVENTS MANAGER Sarah Heckman [email protected] EVENTS COORDINATOR Melissa Sullenberger [email protected]

BUSINESS OPERATIONS BUSINESS MANAGER AnnMarie Karczmit [email protected] Bill Sarah Albert Thomas H. MARKETING MANAGER Anne Beck [email protected] Castner Clarke Coutinho Kean Sr. ADMINISTRATIVE ASSISTANT Jessica Perry [email protected] Director Executive vice president Assemblyman Former governor Gibbons P.C. New Brunswick Development Corp. “A friend is someone “Where there Published by Journal Multimedia “The pursuit of balance who understands your is no vision, David A. Schankweiler, CEO can create imbalance “You’re gonna need past, believes in your the people perish.” Lawrence M. Kluger, President because sometimes a bigger boat.” future, and accepts you Proverbs 29:18 something is true.” Martin Brody, today for who you are.” Daniel Okrent “Jaws” Author unknown

12 January 28, 2013 X NJBIZ www.njbiz.com Opinion OUR POINT OF VIEW With great power, great responsibility to the state

ake a look at the top 10 people on our an- Let’s go back to those images on television — a in New Jersey, which has lagged as other states shake off nual Power 100 ranking starting on page 14. chunk of Atlantic City’s Boardwalk washed away, the weight of the recession, tourism is a hugely impor- TNow try to imagine what it would look like if tant engine that pumps billions into the coffers. As the Hurricane Sandy hadn’t paid New Jersey a visit. budget deficit continues to grow, the state has much OK, as visuals go, that’s not nearly as striking as A list shaped by Sandy, and a state that to do in order to win back those tourists — something a home teetering upon a newly carved inlet in Man- needs its leaders to reshape the future. more than buses at the capital saying New Jersey is open toloking or a roller coaster mired at sea in Seaside. But for business. it should be a reminder that, months after the storm The people on this year’s list who would be un- slammed the coast, recovery needs to be a top priority. Hoboken Terminal taking on water faster than a mara- knowns were it not for the storm — the Marc Ferzans Builders, boardwalks, casinos, residents and the legion thon runner after a race. We’re willing to bet some New and Lopa Kolluris — have an awesome responsibility to of others who lost power, lost their homes and lost their Jerseyans believe New Orleans is still underwater and the state. How it fares in the upcoming budget year will livelihoods have been treated to the continuing theater the French Quarter has floated halfway to Belize by now. have a lot to say about their leadership, determination of the absurd in Washington, rather than a hasty influx Five years after Katrina devastated the Gulf Coast, the and vision. Let’s hope they can find a way despite the of capital to begin rebuilding. Big Easy has yet to win back its pre-storm crowds. And long odds.

READER FORUM NJBIZ.COM READER POLL Military benefits must be protected for those who gave all Your opinion on plans to hire in 2013: he Washington Post reports that our retired military members receive TRICARE, The post office lost $15.9 billion all-volunteer Armed Forces is no a military-funded HMO plan whose current last year. This is hardly a surprise: losses Tlonger sustainable financially. This annual fee for families is $520, according at the post office have been predictable is not an attack on those soldiers or retirees to the Washington Post. Retirees deserve and inexorable for five years. They know of the military, as they were made promis- the above benefits, and it should be noted what is wrong: Too many post offices. Not es, since the days of Nixon. Arnold L. Pun- that some 80 percent who join the military enough mail. Too many workers making aro, chairman of the Defense Department’s never receive any of the above. too much money. Reserve Forces Policy Board, notes in the Retired soldiers deserve better account- The unions say not to worry: They can Washington Post, “The all-in cost of the ing. We must maintain better bookkeeping fix the post office, all they need is more all-volunteer force is one of the time-tick- now, and keep a lockbox on funding in the money. All the while denying the post of- ing bombs that could explode our defense future. We now have 2.4 million military fice has a problem. capabilities if not dealt with responsibly.” retirees and 1.4 million active duty troops, After five years, numerous commis- Essentially, Pentagon staffers have not according to Punaro in the Washington sions, pounds of reports and endless hear- figured out how to tally costs and meet Post story. We need some accounting and ings, the only thing to change are the expenditures for these precious retire- some methodology or another Congressio- losses. They tripled. Sure they closed a few ment plans, which is indeed a model of nal oversight agency to solve this mess be- branches and consolidated a few distribu- planning and is, by consensus, one of the fore it falls apart and impacts the retirees. tion centers, but that is about it. great retirement plans. Maybe someone at They gave their all, and it remains to us to Think about how FedEx or UPS would the Armed Forces Committee in Congress push for solvency. have approached the prospect of an endless should take a look. Bill Weightman series of $15.9 billion losses. What the Post Under the current plan, military per- Hardyston Office did not do in five years, they would sonnel, who retire after 20 years of service, have done in five weeks. Or five days. Q Expect to hire. Q Will not add staff. Q Too soon to tell. receive at least 50 percent of their salaries No easy fix for post office The day of reckoning is at hand for 14% 86% 0% for the rest of their lives, which is warranted ne of the biggest employers in Amer- the post office. It can be postponed, but for their service. There is a 2 percent benefit ica is crashing, and everything the not cancelled. It’s a poor outlook for employment, levied for more than 20 years of service, and Ofederal government is doing to fix Bill Gunderson based on our unscientific weekly on- all is indexed to inflation increases. Finally, the U.S. Postal Service is just making it worse. San Diego, Calif. line poll. An overwhelming 86 percent of respondents to our poll told us they won’t be hiring staff during 2013. Only 14 QUOTE MARKS percent said they expect to hire this year. But make no mistake, business owners and “I have four children, I love each one of them. managers have strong feelings about when I can’t tell you that one of them wasn’t occasionally disrespectful, it’s the right time to hire. No one who responded to the poll was indecisive or felt so I gave them a spanking and everything was OK.” it was too early to tell if they might bring on more staff during 2013. U.S. Sen. Frank Lautenberg, to Capitol Inq blog on Philly.com, about Newark Mayor Cory Booker considering a run for Senate Next question: How well did we do with our Power 100 list? “I wouldn’t know George Norcross “Class actions are to correct mass Q Great. It included all the state’s if I fell over him.” wrongs that involve small damages. top players. It’s not about the money.” Q OK. Some hits, some misses. Q Awful. What were you thinking? Bergen County Administrator Ed Trawinski, Burlington County Attorney Stephen Q Why wasn’t I on it? to The Record, about the county switching its DeNittis, to Philly.com, about his clients’ insurance broker to Norcross’ company lawsuit against Subway for short subs Visit NJBIZ.com today to vote

www.njbiz.com NJBIZ X January 28, 2013 13 ® Power 100 The100 most powerful people in New Jersey business

Chris Christie (1) 1 He’s top of the heap for the third year in a row. he took on those same zealots in giving Congress “How could he not be?” one insider says. “There’s the tongue-lashing of a lifetime, scoring points by not even a close second.” It takes more than just slamming “the palace intrigue,” the “selfishness the keys to Drumthwacket to hold the top slot on and duplicity” and the “callous indifference” the power list, and Christie “had a Cooperstown- to New Jerseyans. And while he’s committed to worthy year,” as another insider puts it. He got running for governor in November, the White the Rutgers restructuring complete, took over House seems much closer to Trenton than it ever the national spotlight while flirting with the has. “Bill Palatucci and Chris Christie would White House, made Mitt Romney seem electable, have been stomping around at midnight if Mitt and led the charge through and after Hurricane Romney had won,” a source says; there’s “nothing Sandy’s devastation. In particular, the Sandy in it for him” in a Romney administration. Now, rebuild stands out; Christie proved his worth as a he’s “on a very short list of people who could be “constructionist ... strong, but able to reach out” president in a few years.” “What didn’t he do,” to Democrats, as another source says; he couldn’t another source says wryly, “except maybe fix New do that if he were “a right-wing zealot.” In fact, Jersey’s economy?”

George E. Norcross III (3) 2 “He’s described as (Vladimir) Putin of southern happen. “The guy understands power,” that New Jersey, but he’s much more like Daddy source says, though “how he uses it has changed Warbucks,” a source says. Love him, as few do; over time.” He’s able to “use his influence in the hate him, as others do; fear him, as many do; universe to help Rowan and Camden.” Still, he Norcross commands plenty of respect for his didn’t get his ruthless reputation at the bottom of ability to get things done for South Jersey and in a Cracker Jack box: if his opponents “can’t get out higher education. Christie “aligned the stars” for of the way, they’ll be taken out of the way,” an Rutgers, as another source puts it, but Norcross insider says. lined up the players and got them to make it

Jon F. Hanson (6) 3 Just about every source we spoke to puts Hanson areas upon which Christie has hung serious in their top 10. Leave aside the fact that he political capital — the Meadowlands and Atlantic founded a hugely influential real estate firm in City. As of this writing, the Jets and Giants were Hampshire, at which a source says Hanson “was said to be nearing a deal with Triple Five over always an innovator ... the Steve Jobs of the real completing the American Dream project, and estate industry.” Christie “never would have got Revel’s opening and the coming Margaritaville there if Jon wasn’t his finance chair,” a well-placed are his doing. “He is literally the guy who’s been source says. Hanson will again be the finance doing all the negotiations,” another influential chair for the governor as he begins his re-election source says. “He’s a huge player.” campaign, and he’s also been charged with key

14 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

4 5 Marc Ferzan (NR) Robert Barchi (NR)

“Absolutely the guy that’s going to be in the Its new president “will have the most to say” front section of everyone’s Rolodex,” a source about the direction of Rutgers, a place “fraught says of Ferzan, who will be coordinating all with political pitfalls,” as one source puts it. Barchi recovery efforts as New Jersey seeks federal money has won plenty of praise from the executive set and begins the slow process of rebuilding itself. for his decisiveness and promised emphasis on Christie has promised Ferzan will have direct partnerships with business; he’s only been on the access to the governor in the cabinet-level post. job a few months, but there have been plenty Sandy, the source says, will bring more than $30 of big steps taken already. He took care of the billion in financial aid to the state; towns, cities “redhaired bastard child” that was the medical and schools will come running to Ferzan for aid. school problem, a source says, then got the Scarlet And it’s the Shore that will be banging loudest on Knights prepared to play Big Ten ball. The football his door: “The (false) perception now is that Atlantic City is closed, that the team was “looking for a dry place in a storm” as the Big East crumbled, and Boardwalk washed away,” another source says. “We’re starting to get a sense joining the prestigious Big Ten is bigger than any booster could have hoped. of what it would look like if there were no tourism industry in New Jersey.” Now, he’ll have to convince thousands of alumni that it’s a new day as It’ll be up to Ferzan to make sure that doesn’t happen. Rutgers rides the momentum of its expansion, its Big Ten inclusion and the higher ed bond that should help modernize the campuses.

6 7 David Cote (41) Raphael Ghermezian (NR)

His executive mettle has never been in doubt He takes the place of brother Nader on the — look at how successfully Honeywell competes day-to-day negotiations between Triple Five for big contracts and, in New Jersey, big incentives and the state. At press time, it was looking — but he is an increasing and potent force in like there might be reason for optimism on Washington, too, as both sides of the aisle turned American Dream, which was fast becoming a to Cote in angling to get a deal done on the nightmare. While Triple Five is hardly hurrying fiscal cliff. His relationship with President Obama the negotiations along — even in a best-case means he can be influential with Democrats scenario, little can be completed before the 2014 — the president named him to the deficit-cutting Super Bowl — it’s the only developer with the commission in 2010 — yet Republicans seek his chops to see a project like this to completion, counsel when negotiating with the other party. and it knows the state knows that, too.

8 9 Revel creditors (NR) Lopa P. Kolluri (NR)

“Revel is, by any metric, a disappointment,” says The deputy chief of staff for U.S. Housing and an observer; another calls it “a nightmare.” But it Urban Development reportedly will play a key must succeed, if for no other reason than Christie role in the disbursement of federal housing dollars staked his reputation on it. Kevin DeSanctis was in New Jersey, post-Sandy. “As a top adviser to universally panned for how he’s managed his the (HUD) secretary, she has the ability to help casino, so everyone’s waiting for the creditors to him understand the issues and political nuances step in. “It’s gonna work,” another source insists. of New Jersey,” says an insider. Kolluri also has “Someone will run that casino ... they’re just a deep bipartisan network of policy leaders, and going to pack up (DeSanctis’) office one day.” past experience under the Statehouse dome.

10 FELL OFF Caren Franzini (5), Joe Taylor (8), Kevin DeSanctis (9), Mark Trudeau (15), Sol J. Barer (18), Nader Ralph Izzo (NR) Ghermezian (22), Woody Johnson (26), Roger A. Bodman (27), Ralph LaRossa (31), Phillip S. Schaengold (33), Robert Unanue (36), Louis Freeh (42), Richard Bagger (46), Laurence M. Well, once again, a major storm devastated Downes (47), Wilbur L. Ross Jr. (48), John Finnegan (49), Dennis M. Bone (52), Stephen Holmes New Jersey, and PSE&G was spared horrid (53), Jeff Gural (54), Don Marrandino (55), John E. Zuccotti (58), Fred Graziano (59), Frank headlines and screaming customers, when Spencer (60), Robert Iacullo (61), Debra DiLorenzo (63), Gerald Storch (64), Gerald Lipkin (66), its chief competitor, JCP&L, was not. PSEG is Jim Devine (67), John Palmieri (68), Maxine Ballen (69), Raymond G. Chambers (70), Richard P. expanding beyond New Jersey’s borders with Miller (71), William P. Mumma (73), Leo Hindery Jr. (74), Joseph M. Sanzari (77), Denise Morrison the Long Island Power Authority contract. Izzo (82), Joe Scarborough (83), John A. Papa (85), Herman J. Saatkamp Jr. (87), Michael Kempner went through “hand-to-hand combat,” to push (88), Debbie Hart (89), John P. Inglesino (91), Liza Cartmell (92), Beth DeFalco (93), Adrienne through the Rutgers merger, which at one point, Kirby (94), Jim Allen (96), S. Dillard Kirby (97), Marcia McEntyre and Judy Larkin (98), Charlie “was headed for a Chernobyl,” a source says. Tomasello (99), Christopher Costa (100) “The way it turned out was peace on earth.”

www.njbiz.com NJBIZ X January 28, 2013 15 Turning ideas into reality for 125 years.

From horse-drawn ambulances to an air medical helicopter, we’ve been with New Jersey every step of the way.

No one could have imagined when the first patient was seen Robert C. Garrett PRESIDENT AND CEO in 1888 at Bergen County’s first hospital, that Hackensack Hackensack University University Medical Center would grow into the state’s largest Health Network Ranked #2 on 2012 NJBIZ provider of inpatient and outpatient services 125 years later. Power 100 Business List Ranked #4 on 2012 NJBIZ For the past century and a quarter, HackensackUMC has Power 50 Healthcare List dedicated itself to the health and betterment of our communities. We’ve gone from a one-building facility to a sprawling campus boasting some of the most awarded specialty treatment centers in the nation. It’s what has made us the number one hospital in New Jersey, according to U.S. News & World Report.

To learn how one of the nation’s 50 best hospitals can help you, visit HackensackUMC.org. To help you fi nd a doctor, please call (855) 996-WELL (9355). The 100 most powerful people in New Jersey business Power100 ®

11 12 Mary Pat Christie (NR) Richard Smith (29)

Instead of a fleece, the first lady wears a driver’s cap Some very high-profile IPOs have stalled out in the as she steers Sandy relief efforts. The hurricane relief poor financial climate — see Toys R Us — but Realogy fund has brought in tens of millions of dollars, the raised more than $1 billion in its wildly successful question now is how to spend it. Plus, “she’s got offering in October. It’s not a particularly powerful Bruce Springsteen and (Jon) Bon Jovi hanging out company, one observer says, but when housing with her,” a source notes. rebounds, Smith “will be a lot more significant.”

13 14 Al Kelly (20) Michele A. Brown (NR)

“How we plan, and what the Super Bowl really is, The EDA chief replaces Caren Franzini on the list this is all on Al,” one insider says. That’s a huge task, year. Brown “has the governor’s ear like no one else,” particularly with the NFL wanting as much New York a source says. That’s key, because Christie “expects exposure as possible. New Jersey must impress Kelly the EDA to be a vehicle to accomplish his mission.” if it wants a significant share in the revenue windfall Christie clearly trusts her; in Sandy’s immediate the big game brings. aftermath, Brown worked as a point person before Ferzan’s appointment.

15 16 William J. Palatucci (12) Steven J. Pozycki (24)

The governor’s best friend and political strategist was No matter the project, it seems SJP Properties has at dragged through the presses when scandal enveloped least a finger in the pie. Pozycki is involved in two CEC, but he’s now at Gibbons and planning of the major projects reshaping downtown Newark Christie’s re-election campaign. “He’s at the table — the Panasonic and Prudential towers — and has and absolutely critical in fundraising for (the 2013) other projects cooking in hot urban areas. “A really campaign and setting strategy in the state.” good year,” an insider summed up.

17 18 Kevin O’Dowd (4) Christopher J. Paladino (21)

He’s not a type-A killer, as we said last year, one “Right now, everyone’s creating a model for Chris source tells us, “but a babyfaced killer.” The strong but Paladino,” says an insider. That’s because the “quiet” chief of staff “makes things happen without template Paladino has used to rebuild New Brunswick fanfare,” says another source. But given the enormity — one that’s equal parts patience and incentives of challenges and opportunities following Sandy, his — has been a resounding success. He’s “about to stature falls below players like Ferzan and Brown. build a new city in New Brunswick” through the ambitious seminary project.

19 20 Stephen M. Sweeney (25) Kenneth C. Frazier (10)

The Senate president kept popping up as a potential On top of Merck enjoying another outstanding year, future governor. “If you really want to see a Gettysburg, Frazier won praise for how he handled the Penn a Shiloh, in New Jersey, pit Sweeney against Christie,” a State nightmare, as the university trustee helped source said during the talk. But in his current role, he’s investigate the sex abuse charges that rocked the a counterpoint to Christie with the muscle to impact school. “Very few people thought Penn State would state policies and politics, another insider says. get off the mat so quickly,” a source says.

www.njbiz.com NJBIZ X January 28, 2013 17 The 100 most powerful people in New Jersey business ® Power100

21 22 William Mullen (44) David Alan Tepper (28)

Ask Democrats and Republicans for the most Along with Norcross, Tepper is called an invisible influential union leader, and Mullen tops all their architect of the tenure reform initiative that went lists, perhaps because he is close with both Christie down last year. Sources call him “the single most and Sweeney. Expect Mullen’s building trades group important business person in the state” and say to do well with the influx of construction expected “there are few people with a stronger Rolodex.” from Sandy rebuilding and the higher ed bond issue. Another source points out “he has more money than God.”

23 24 David Samson (17) John R. Strangfeld (7)

A good friend of Christie, and “when you look at Prudential’s CEO committed to Newark with a new the big things going on,” like American Dream, “his office tower, the design of which could be make or firm is involved.” But the Port Authority continues to break for the city. A developer says it could become a draw fire; “if you had a mike in every car, you’d hear gateway to University Heights and attract pedestrian a word or two that wouldn’t be too complimentary” traffic, or a gated area that locks employees within. to the agency. “How they decide to stay in Newark is critical.”

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18 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

25 26 Mitchell E. Hersh (37) Greg Brown (11)

He’s reinvented Mack-Cali through the acquisition “Important, but the heavy lifting’s done,” is how one of Roseland, and now sits atop a powerful REIT with source characterizes Brown, whose main job was to a capable residential division that’s specializing in find Barchi. He’s now focused on raising money for multifamily urban infill development — one of the more construction projects. “The fortune of Rutgers only real estate sectors to hold its own during the will be defined on its success over the next four devastating downturn. years,” another source says; Brown helped put those pieces in place.

27 28 Jennifer Velez (NR) John Mara (NR)

The Human Services commissioner “is going to be The battle pitting the Jets and Giants against the much more of a power player” in the coming year, American Dream developers is all Mara, who a source a source reports. Velez will have a major role in says will do anything to block mall traffic on game determining what Medicare and health care reform days: “You talk about holding hostage … it’s Mara.” are going to look like in New Jersey — and how Woody Johnson lost juice in backing Romney, the changes to those establishments are going to be felt source adds, and is “along for the ride.” by employers.

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www.njbiz.com NJBIZ X January 28, 2013 19 The 100 most powerful people in New Jersey business ® Power100

29 30 Bernard M. Flynn (39) Kim Guadagno (19)

The “authoritative voice on insurance issues,” as Close watchers of the administration say there’s one source calls him, has his hands full in managing friction between Christie and Guadagno, though the fallout from Sandy. Still, he’s sought after by she’ll be on the ticket again this year. But she does lawmakers, who want his expertise in managing the serve as a comforting voice to executives, as she’s storm after the storm. Flynn says NJM will pay out willing to visit the corporate front lines to see how some $300 million in claims following Sandy. Trenton can improve its business reputation.

31 32 Jeff Brindle (NR) Jeff Chiesa (14)

Guidance from ELEC’s executive director will be Sources call the attorney general “very strong, critical in the election year, because of ever-increasing influential and highly regarded,” but as one insider pressure on executives to donate to campaigns, and points out, “It wouldn’t be a positive to have a lot of the complicated pay-to-play rules that govern such corruption in a year the governor’s being re-elected,” involvement. A business owner who makes the wrong even if the governor made his name busting contribution “all of a sudden (is) shut out of state corruption as U.S. attorney. Maybe next year. competition” for bids.

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20 January 28, 2013 X NJBIZ www.njbiz.com ®

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To subscribe to the print edition of NJBIZ call (866) 288-7699 The 100 most powerful people in New Jersey business ® Power100

33 34 Robert Hariri (NR) Robert Marino (35)

The “colorful” CEO of Celgene Cellular Therapeutics As the state gears up for implementation of a health is a “man in motion,” whether pioneering the use insurance exchange in 2014, whatever form it may of stem cells or flying fighter jets. A big supporter of take, Marino will have influence and a voice in the Christie, the neurosurgeon and serial entrepreneur is discussions. “They’re going to be the driver,” says one “politically well liked.” “He’s the guy on the move,” source of the state’s largest health insurer. says a source. “The guy’s the real deal.”

35 36 Wayne Hasenbalg (65) Anthony R. Coscia (57)

The “CEO of fun” is charged with improving the A better transit system is a must, post-Sandy, and this tourism climate at a time when Sandy has left many Amtrak board member can best make the case for wondering if it can rebound. As though that weren’t bringing funds to New Jersey. The law firm leader is enough, there’s the Super Bowl, the F1 races and respected by both parties. “Coscia’s grasp of issues, Wrestlemania closing in. He’ll get whatever help he problem-solving reputation and disarming style is his needs to make sure those are successes. entree to the White House, Statehouse and C-suites across the country,” says one source.

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22 January 28, 2013 X NJBIZ www.njbiz.com Power100 ®

37 David J. Satz (34)

The sentiment of sources was that Satz is the player in a challenged Atlantic City casino industry otherwise devoid of power. “In the shark-infested waters of the industry, he is universally disliked by competitors. He must be doing something right,” says a source about the well-connected Caesars senior VP.

38 Joseph N. DiVincenzo Jr. (30)

The county exec is “a practical pol who knows county government better than anyone.” Christie’s SPEED AND greatest ally in Essex County helped keep Cory ADAPTABILITY Booker out of the governor’s race, but “has he played footsies with Christie so publicly that when Dems FACILITATE GROWTH regain the front office … will that be forgotten?”

39 Dale J. Florio (50)

Sources were lukewarm about lobbyists, and only

Florio’s name came up with any enthusiasm. The A hummingbird’s heart rate can reach 1,260 beats per minute while hovering to feed. Princeton Public Affairs Group head remains well At night, or when food is not readily available, they enter a hibernation-like state, connected with the GOP and Christie, which is the slowing the heart rate to 50 to 150 bpm, reducing the need for food. name of the game right now.

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J&J’s chief executive gets on the list by virtue of turning around the tidal wave of recalls the company was flooded with under predecessor Bill Weldon. Now the New Brunswick giant’s McNeil subsidiary is making money selling off some of those brands, like Rolaids, to Sanofi.

Please contact James Blake Partner-in-charge, New Jersey Practice 866.492.1747 [email protected]

How we did it www.WeiserMazars.com/NJBIZ The list was compiled, ranked and written by the editors of NJBIZ, who considered candidates’ involvement in top news events, standing in their industries, impact beyond the walls of their office buildings, and the amount of access they have to the top New Jersey business and government leaders. We talked confidentially to some of the state’s movers and shakers to obtain insight about who should be on the list, but, in the end, this is a subjective list created by WeiserMazars LLP is an independent member fi rm of Mazars Group. Exactly Right. the editors. Send feedback to Sharon Waters at [email protected] or (732) 246-5702, or Joe ACCOUNTINGACCOUNTING | TAX | ADVISORY St. Arney at [email protected] or (732) 246-5726.

www.njbiz.com NJBIZ X January 28, 2013 23 The 100 most powerful people in New Jersey business ® Power100

41 42 Mary O’Dowd (38) Robert Menendez (56)

Plenty of New Jersey hospitals are in financial A thorough victory over challenger Joe Kyrillos in intensive care, as margins get squeezed ever tighter the fall has put him in line for the foreign relations and additional regulations loom large. The challenge committee chairmanship, putting him “right at the of keeping hospitals open will be felt more keenly by epicenter” of relationships with allies. He’s also the O’Dowd going forward, as more takeovers and for- guy who will convince Frank Lautenberg not to run in profit partners push their way to the forefront. 2014: “It’s not South Carolina and Strom Thurmond.”

43 44 Raymond J. Lesniak (40) David L. Rebuck (NR)

His signature accomplishment of 2012 — the move Rebuck’s Division of Gaming Enforcement “stripped to legalize sports gaming in New Jersey — is now the Casino Control Commission,” according to a out of his hands as the courts take it up. Still, a source, as he’s now at the helm of its regulatory Democratic insider notes, “Has there been a person efforts. That could get a lot busier if online and sports that’s been more engaged on economic development gaming both come to pass, as he’ll be the one to than Raymond?” figure out how such bets will be regulated.

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24 January 28, 2013 X NJBIZ www.njbiz.com PRESENTED BY:

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45 46 Finn Wentworth (45) Jim Gerace (NR)

The man with the golden Rolodex figures to be The vice president of the Verizon region covering a key cog in the Christie re-election machine, as New Jersey “gets it,” one source says. He’s said to he’s in the background on projects important to have a direct pipeline to the CEO, and cut his teeth the administration. “A quiet person of enormous in the tough-as-nails New York political scene. While influence,” one source calls him. Meanwhile, his firm predecessor Dennis Bone was “docile,” the source continues to pull off deals worth hundreds of millions. says, Gerace is aggressive.

47 48 Tim Pernetti (NR) Robert C. Garrett (2)

Pernetti fell off last year as the Big East continued He continues to beat back court challenges to Pascack to implode all around him, watching its most Valley’s reopening, which should take place this year, established schools head for greener pastures while and tapped the same for-profit partner to take over weaker also-rans climbed aboard. “To his credit, he Mountainside Hospital last year. But insiders raised does an end-around and scores a touchdown” in eyebrows over Hackensack UMC’s debt load, and getting a Big Ten invite, a source says. wonder if it can afford to do much more expansion.

49 50 Thomas H. Kean Sr. (62) Joseph Colalillo (32)

“A guy who a lot of people look to,” is how one He’s done nothing spectacular over the past year, just source describes Kean, and that’s at least partly the quietly continued to go about the business of running reason the elder statesman was tapped to push the one of the state’s largest private employers in Wakefern. higher ed bond issue. The former Drew president got Given the difficulties in succeeding in grocery stores, it done, just as he did so often when he held the keys that’s suitably impressive in its own right. to Drumthwacket.

51 52 Cory Booker (NR) Emanuel Stern (13)

Newark’s mayor was a national sensation when he Competitors gnash their teeth when Stern’s name rescued a woman from a burning building, and while comes up, because of his success or acerbic style — or he’s yet to rescue Newark, he has a powerful presence both. He didn’t have the same impact as last time on the national stage already. He plans to run for the around, when he essentially held a gun to the state’s U.S. Senate next year, putting heat on Lautenberg. head to get an incentives law changed. But make no Booker could go to Washington, D.C., and stay; he mistake, the guy is still a piranha. “could be Ted Kennedy,” a source says.

53 54 Ray Pocino (72) Barry Rabner (76)

He got “building trades cozy with Christie,” and then He opened the new Princeton HealthCare hospital on scored even more points by being the first union Route 1, part of a $1 billion campus being developed leader to endorse the governor’s re-election. “Pocino’s in Plainsboro. Rabner continues to make sure other got the most political savvy of the group” of union nearby suburban hospitals keep feeling the heat of leaders, says one Democrat. Another source notes the new competition. Pocino’s connections, saying, “He’s got himself wired up. Ray’s smart.”

26 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

55 56 Joel Bloom (NR) Patrick C. Dunican Jr. (84)

The NJIT president is overseeing the transformative He’s at the helm of what may be the most politically Gateway Development Project of housing and retail connected firm in the state, now that he’s added “jet to better integrate the campus and city, and brought fuel” by bringing Palatucci aboard. “He pulled off a in well-respected Monique King-Viehland to help. “It coup with Palatucci,” says one source; another adds is an important project for Newark itself but also the that Gibbons is “in a hell of a different spot today” bigger picture of New Jersey,” says a source. with that hire.

57 58 Albert Coutinho (NR) Annette Catino (51)

“Front and center on every job package,” an insider The dynamo keeps pushing QualCare’s growth, by says. That’s a result of Coutinho’s working-class creating new partnerships and extending the insurer’s upbringing in Newark’s Ironbound neighborhood. brand. Catino is tough and more than holds her own He often co-sponsors business-friendly bills with in a very competitive marketplace full of executives Lesniak: “He’s definitely passionate about economic with sharp elbows. development … (and is) one of the main quarterbacks in the Assembly,” the source adds.

www.njbiz.com NJBIZ X January 28, 2013 27 The 100 most powerful people in New Jersey business ® Power100

59 60 Dennis Drazin (NR) Ken Kobylowski (NR)

A source point out he’s important because he’s trying The capable DOBI chief is fighting two battles: one to save racing in Central Jersey, but even more so on behalf of bankers, who are terrified of Dodd-Frank because he’s preparing Monmouth Park to take sports and Basel III compliance issues, and another with bets, regardless of the lawsuit. “He’s taken the lead insurers who fear costs and changes associated with when, for the most part, the Atlantic City casinos … disastrous storms like Sandy. Kobylowski offers a have shied away from moving forward.” reassuring voice and is respected in those industries.

61 62 Robert Torricelli (NR) Edward J. Graham (NR)

It’s almost like the former senator wants people As chairman, president and CEO of South Jersey to think his torch was extinguished—few know Industries, he runs one of the larger companies in what he’s working on, and that’s the point. The the lower part of the state. Graham is well connected Rosemont Associates lobbyist is well connected with on several fronts, including the many boards he has Democrats and Republicans; an Amazon warehouse served on ranging from Choose New Jersey to the for Robbinsville was just one recent win. “Some fallen local United Way. stars rise again,” says one insider.

63 64 Edward Deutsch (43) Bharat Masrani (NR)

He runs the state’s largest law firm, a powerhouse TD Bank is entrenched in New Jersey, its green logo that keeps building business. Deutsch’s power seeming to crop up on every corner. Masrani runs is enhanced by his close ties to Christie and that empire. The bank’s predecessor, Commerce, is the governor’s inner circle. Deutsch’s longtime where Norcross cut his teeth in the business world; connections serve him, and his 30-year-old firm, well. it wouldn’t be surprising if the loyal alum helps Masrani and other TD execs when the bank needs it.

65 66 Barry Ostrowsky (16) Jerry Zaro (NR)

Is Barnabas just trying to extort the best deal it For a guy whose fortunes were supposed to crater can out of the state to run University Hospital, in when Jon S. Corzine was voted out, Zaro’s done well Newark? It’s a shrewd maneuver, of course, but while for himself. He was a major factor in key deals with the deal remains undone, other hospital systems are Sills, Cummis & Gross a few years ago, and now has a laying the groundwork for expansion. How much high-profile position working to raise Sandy relief aid longer before this major system is left behind? with the first lady.

67 68 Craig Domalewski (86) Al Koeppe (23)

“He’s showing up in a lot of places, isn’t he?” a Several sources accuse Koeppe of not doing enough to source says. Indeed, Domalewski is playing big defend Franzini from Christie, who replaced her on roles with CRDA and the Port Authority, and “his the EDA last year. Others say the Newark advocate, law firm is one of the go-to firms in the Christie along with the rest of the EDA board, handed out administration” — not a surprise, since it counts the oversized awards under Urban Transit Hub that governor as an alumnus. prematurely drained the program and went against its broader mission.

28 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

69 70 Joseph Trunfio (NR) Robert L. Boughner (78)

Atlantic Health may not be in the headlines right Last year, in advance of Revel’s opening, we wrote, now, but a source says Trunfio is working on a “For Boughner, the honeymoon ends Memorial number of possible M&A targets well beyond its Day.” Boy, were we wrong. In less than a year, Revel current footprint. Given the number of struggling has proved looks and luxe aren’t always enough, hospitals in the north and west, Atlantic could go on while Borgata continues to be among the city’s most a spree later this year. successful casinos.

71 72 Dan Moen (NR) Adam Zipkin (81)

The silent partner who’s allowed Hackensack UMC Unlike the super mayor who employs him, you aren’t to continue to branch into new territory in North likely to notice Zipkin when he enters the room, Jersey, Moen’s LHP Hospital Group, in Texas, has sources say, but he gets rave reviews as the guy who worked with Garrett to purchase Mountainside, in gets Newark developments done in what one source Montclair, and rebuff many challenges to reopen calls “an administration that’s frustrating to deal with.” Pascack Valley. He may remain active as other New Jersey hospitals struggle.

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www.njbiz.com NJBIZ X January 28, 2013 29 The 100 most powerful people in New Jersey business ® Power100

73 74 Morris Bailey (NR) Timothy J. Touhey (80)

Bailey seems to have taken on the mantle of Atlantic Adding another two years to the Permit Extension City savior after DeSanctis wore it so poorly. Sources Act was a feather in Touhey’s cap last year, one point out that he developed an alliance to bring the he fought environmentalists hard to win. He can Mohegan tribe to town and brought new assets to “come up with creative policy initiatives to move Resorts, including Jimmy Buffett’s Margaritaville, forward real estate development,” a source says, and “without having to build a crystal palace.” he brokers peace between developers and affordable housing advocates.

75 76 John Lloyd (NR) Ali Houshmand (NR)

When the powerful speak of hospital leaders, Lloyd The Rowan president reaped the benefits as Norcross, is the one mentioned most often. He also gets high et al, worked behind the scenes to create an empire marks for how his hospital system handled Sandy in at the university. He’s done a good job weighing the hard-hit Monmouth and Ocean counties. “Beyond all interests of South Jersey heavyweights Norcross and of the hype about how Meridian has grown, this was Sweeney, a source points out, “who don’t always a test,” and Lloyd got an A-plus, says one source. agree” on the best course for Rowan.

77 78 Doug Johnston (NR) Philip Kirschner (75)

A source calls Johnston “that guy” to a lot of power As president of the New Jersey Business & brokers because of his role as an effective lobbyist with Industry Association, Kirschner helps the Christie AARP. When seniors don’t like something, “that has a administration push its pro-business agenda, in part paralyzing effect” on bills. “If you ask around, people by mobilizing his membership. But Kirschner also will say, ‘That guy, he’s so annoying’ … and he is.” works well with the Democratic Legislature, a key balancing act needed in a time of split government.

79 80 Amy Mansue (79) Kurt Conti (NR)

The water cooler debate is whether Mansue will wait There will be a lot of work for construction to be the next president of Robert Wood Johnson companies, post-Sandy, and the Conti Group is University Hospital, or leave to run a prominent likely to get a piece of the action. Its president and children’s hospital in a major American city? The CEO, who was on Christie’s transition team, is well influential New Jerseyans of both parties who respect connected, and the company already has a federal her are hoping for the former. services division that could give it a leg up on bidding.

81 82 Roseanne Elcenko (NR) Lisa Jackson (NR)

A bunch of high-paid campaign consultants will The ink on the ex-EPA chief’s resignation letter gather demographics and other stats to help their hadn’t yet dried when the rumors of a gubernatorial gubernatorial candidate win in 2013. But the campaign took hold. Then again, she’s a prominent numbers Elcenko compiles will be far more important Democrat, so that isn’t telling by itself. But with her in the election. Each month, the state Labor strong background and credentials, expect Jackson to Department worker crunches the unemployment be a player in Trenton in the very near future. stats, one of the most-watched economic barometers.

30 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

83 84 Jay Biggins/Ted Wes Lang (NR)

Zangari (90) “The mechanic who’s putting the deal together” between New Jersey and Triple Five, according to They draw widespread praise a source watching the negotiations. Hanson is the for their work in economic strategist at the head of the table; Lang, a capital development policy. One source markets expert with Normandy, “sits at his right- calls Zangari “the meat and hand side and gets it done.” potatoes” behind incentives like Urban Transit Hub; another calls Biggins “a great resource to understand, really, the big picture behind business in New Jersey. … They’ve looked to Jay a lot for advice and direction.”

85 86 Matt Klapper (NR) Jim Kirkos (NR)

Booker’s “policy brain” is an “all-star,” who was “There’s no bigger advocate for the Meadowlands Newark’s lead negotiator on the UMDNJ-Rutgers … he’s Meadowlands-crazed,” an insider says of merger and advises the mayor on issues from budget Kirkos, who cheerleads for New Jersey as it aims to to ex-offender re-entry efforts. If a woman needs to get a fair share of the Super Bowl. The source calls be rescued from a burning building and Booker’s Kirkos “a partner” on discussions of the big game and not around, Klapper can handle that too; he has Wrestlemania. His chamber is among the state’s largest. experience as a professional firefighter and EMT.

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www.njbiz.com NJBIZ X January 28, 2013 31 The 100 most powerful people in New Jersey business ® Power100

87 88 Chuck Jones (NR) Carl Goldberg (NR)

“There are literally events I don’t think we should The acquisition of his firm by Mack-Cali drove home plan for,” the FirstEnergy president said after the wisdom in the kind of real estate Goldberg built: subsidiary JCP&L’s poor performance in Irene. If recession-resistant multifamily buildings in solid this oracle wants to keep his job, it should mean markets. One of those markets, Port Imperial, will loosening the purse strings for New Jersey projects, be the site of future F1 races, although Goldberg lost which could help JCP&L’s woebegone image. some luster with the cancellation of the 2013 race.

89 90 Nicole Davidman Drewniak Hetty Rosenstein (NR) (NR) “A pebble in the shoe,” the CWA leader is credited Called the “backbone” of GOP and Christie with helping scuttle Christie’s Supreme Court picks. fundraising, she works closely with Hanson by day “She gave Democrats air cover to blow up the (Philip) and hobnobs with top business and political leaders Kwon and (Bruce) Harris nominations.” Bob Master by night. A quiet evening at home would be spent may be the boss, but Rosenstein is “the quarterback with husband Michael, no doubt discussing the day’s … the intellectual nerve center of the progressive events for Christie’s inner circle. Democrats,” says one insider.

91 92 Robert E. Mulcahy III (NR) Deirdre M. Naughton (NR)

He has built a rapport with Lorenzo Langford — not Chief Justice Stuart Rabner “really trusts” Naughton, an easy task — and helps mediate for the Christie who serves as the Judiciary’s representative to the administration after the governor’s public spat with governor’s office and the Legislature, and coordinates the Atlantic City mayor. As CRDA vice chair, Mulcahy judicial appointments and reappointments for the also balances Langford and the construction activities courts. It’s an important job; the man she replaced desired by industry, an insider says. “He is close to Jon in late 2011 was called an “invisible hand” in the Hanson, and therefore has credibility,” says another. courts. “Bob is critical to getting things through the board.”

93 94 Jeff Vanderbeek (95) Keith Banks (NR)

When last seen on the ice, his team enjoyed a deep Some execs might try to coast as a vice chair of the — and profitable — run to the Stanley Cup finals. 2014 Super Bowl Host Committee, seeing it as a way to When the players were locked out, he refinanced the get tickets. Not Banks, president of Bank of America’s Devils’ debt and took sole control of the team. And private wealth management area, who was named by when there was no ice at the arena, it had an even an insider for doing real work on the committee. hotter ticket: the Rolling Stones.

95 96 Michael Van Wagner (NR) Michael Shipp (NR)

Van Wagner’s role in the Business Action Center has The U.S. district court judge is handling the put him directly on the front line with executives. professional sports leagues’ challenge to New Jersey’s A source says he’s “in every one of those meetings” efforts to legalize sports betting. Shipp’s decision could when a big company is being courted: “When I be a boon or bust for local casinos and track operators: needed answers, I called (Linda) Kellner, now Van Illegal sports wagers are estimated to be $380 million Wagner … I didn’t call the lieutenant governor.” annually, if not higher, in the United States.

32 January 28, 2013 X NJBIZ www.njbiz.com The 100 most powerful people in New Jersey business Power100 ®

97 98 Chris Wood (NR) Eric Shanks (NR)

Most people don’t have a National Guard general The Fox Sports co-president and executive producer calling with direct orders to do whatever you need. will decide what location shots 111 million people Wood not only mobilized service members to Sandy- see during Super Bowl 2014: a lot of Jersey, or the stricken Sea Bright, the restaurant owner also fixed Empire State Building for the umpteenth time. hundreds of meals for residents and volunteers, “Networks don’t want to cover New Jersey; they want launched a charity to support borough rebuilding, to cover New York,” a source says. landed on national news shows and influenced when a state bridge into town would be open during repairs.

99 100 Josh Barbee/David Riley (NR) Dan Robles (NR)

The Bernards Inn is known as the “orbit” of the Forget Christie’s senior staff; you want to know his governor’s campaign finance committee, where body man. Robles is “always with the governor,” Christie can meet with the likes of Palatucci and and cabinet members know a call to Robles can be Hanson — its owner — on the way home to the easiest path to Christie. “Often the governor Mendham. Can you imagine the juicy details the is relaying info through Dan,” says one insider. restaurants maîtres d, Barbee and Riley, are privy to? “Everybody in the cabinet knows Dan. I bet you 50 people on this list know Dan.”

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Questions? Visit www.njbiz.com/events or contact Sarah at [email protected] or (732) 246-5713. CLOSE UP Executive Moves Steve Weinstein Position: General counsel and vice president of government relations, Rowan University. Banking Key role: Assisting in developing Rowan’s new initiatives, including the College of Health Manasquan Savings Bank promoted Elda Beylerian Feldman joins Drinker Sciences in Camden, integration of the School of Osteopathic Medicine in Stratford and Kathie Adams to the Biddle & Reath LLP as counsel from development of Rowan into a comprehensive research university. position of business Riker Danzig. In addition to her work in Goals: To help make Rowan Universityersity the primprimaryary economic driver in South JerseyJersey development officer private practice and as in-house coun- within 10 years by helping to createate an expandedp and and product service sel for a reinsurance company, Feldman highly qualified workforce to attractraact new new emplo employersyers specialist. She’s been a worked for the American Bar Associa- to this region. branch manager with tion Central and Eastern European Law Previous jobs: Partner at Florio Perruccierrucci Stein-Stein- the bank for eight Initiative. Feldman earned her J.D. from hardt & Fader LLC, partner at Blanknk Rome LLPLLP.. years and has more Rutgers Law School and holds a bachelor’s Key strengths: Organization and ffocusocus whiwhilele than 30 years experi- degree from Yale University. understanding the broad picture.e. Kathie Adams ence in the industry. Career high: In the law, having thehe chancechance to Ken Morris has joined Gordon & Rees help every client. In education, chchairinghairing tthehe Paula Durand has joined East West as counsel in the environmental/toxic board of trustees after the $100 millionmillion Rowan Bank as a senior relationship manager. tort practice’s agricultural chemicals and family gift to Glassboro State andd She served five years previously as a senior pesticides group. Morris was corporate president of the Haddonfield venture officer with the counsel at Bayer CropScience and general School Board. New Jersey Economic counsel to its predecessor companies Next: I’ve been counsel at Development Author- for 24 years before retiring from Bayer Rowan for 2 months; the fu- ity, specializing in and launching his own firm in 2005. He ture here is the next challenge. stimulating the state’s brings more than 30 years of transac- Challenges: Making all of the clean technology sector. tional, regulatory, environmental and above happen. Durand holds an MBA litigation experience to Gordon & Rees After hours: Spending time in finance from New with an emphasis on agrichemical and with my family, the Phillies and York University and a specialty chemical law. trying to find time to read a Paula Durand B.A. in economics from good book. Northwestern University. Manufacturing Sharp Electronics Corporation an- Professional Services of health care solutions. Prior to joining Law nounced that Yaz Nakayama has Sparta-based Stascom Technologies an- IGI Health, Romeo was with Xerox, Reed Smith LLP has promoted John joined Sharp Imaging and Information nounced that Tiffany Atieh has joined government health care solutions as T. McDonald to partner in the firm’s Company of America as associate vice the firm as a project manager. Atieh chief innovations officer. She also Princeton office. McDonald, formerly president of strategy development and graduated from Rutgers University with a served at Cognosante as director of an associate, is a partner in the firm’s execution. Nakayama has spent several bachelor’s degree in history. health reform. Romeo served as the labor and employment group. McDonald years in business strategy consulting chief information officer for the New represents employers in a wide array of roles, most recently serving as a direc- Jersey Division of Medical Assistance employment-related disputes, including tor at BTS USA Ltd. Nakayama holds an Sports and Health Services in the Department discrimination, harassment, retaliation, MBA degree from the Darden Graduate The Newark Bears announced that former of Human Services. wrongful discharge, restrictive covenant, School of Business at the University of major leaguer and three-time National and wage and hour litigation. Virginia with an undergraduate degree League All-Star Garry Templeton Hiperos in Somerville announced that it from Hosei University in Tokyo. has been hired as the team’s manager. has appointed Janet Coddington as CFO. Goldberg Segalla is pleased to announce Templeton was a 16-year veteran, who Coddington previously served as CFO of Robert A. White has joined the law Nonprofits spent time with the St. Louis Cardinals, SANpulse Technologies and both CFO and firm as a partner in its The board of governors of the South San Diego Padres and New York Mets dur- vice president of finance at Lumeta Corp. Princeton office. Before Orange Performing Arts Center an- ing his playing career. Templeton has 13 Coddington’s prior work history also joining Goldberg nounced the appointment of Mark years of experience as a manager in both includes executive positions at Telelogic Segalla, White was the Packer as its new executive director. As affiliated and independent ball. He began North America, Inc. and Quality Systems managing partner of the longtime executive director of Appel his coaching career in 1998 with the Ana- & Software, Inc. Morgan Lewis’s New Farms Arts & Music Center, he expanded heim Angels’ minor league system, spend- Jersey office. He also the center to a year-round performing ing four seasons with the organization. He HOW TO SUBMIT Executive Moves items may be e-mailed to ftr@njbiz. served as an assistant arts organization. A native of Montreal, reached as high as Triple-A, before joining com with “Executive Moves” in the subject line. Please include U.S. attorney for the he is a graduate of Kenyon College, the independent leagues in 2003. employee’s full name; a high-resolution headshot photo- Robert A. White District of New Jersey. where he received a B.A. in sociology, graph; the title of the new position; company name; company He received his B.A. from Rutgers Univer- and attended courses toward his Ph.D. Technology location and business; previous position and company; and educational background with degree and institution. For more sity and his J.D. from Columbia Univer- at the University of Pennsylvania and IGI Health announced that Michele Executive Moves listings visit www.njbiz.com. sity Law School. Temple University. Romeo has been appointed director

www.njbiz.com NJBIZ X January 28, 2013 35 Deals Roundup

BANKRUPTCIES

DATE DEBTOR PRIMARY INDUSTRY ADVISERS COURT

1/14/2013 Advanced Diagnosticum Products Inc. In vitro diagnostics Kasen & Kasen Camden, Chapter 7, Case Number 13-10702-JHW

1/14/2013 Eastside Quality Parts LLC Car parts and suppliers Law Office of Bruno Bellucci III P.C. Camden, Chapter 7, Case Number 13-10704-JHW

1/16/2013 Silver City Services LLC Real estate Robert C. Nisenson LLC Trenton, Chapter 11, Case Number 13-10818-KCF

1/16/2013 Pallet Logistics Management Services Inc. Logistics Deiches & Ferschmann Camden, Chapter 7, Case Number 13-10830-JHW

1/18/2013 Pearlmont LLC Real estate Zazella & Singer Esqs. Newark, Chapter 11, Case Number 13-10964

INSIDER TRADING

COMPANY INDIVIDUAL AMOUNT CURRENT HOLDINGS

Covanta Holding Corp. Anthony J. Orlando, chief executive officer $760,800 219,416

The Medicines Co. Glenn P. Sblendorio, president $701,750 97,282

Vonage Holdings Corp. Marc P. Lefar, chief executive officer $616,671 26,369

MERGERS AND ACQUISITION

DATE SELLER/TARGET BUYER/INVESTORS PRICE PERCENT SOUGHT TYPE

1/16/2013 Gerens Hill International SA Hill International Inc. $9,434,000 23.80% Provide project and construction managment services

1/14/2013 GroRite Greenhouses Terra Tech Corp. NA 100% Owner-operated greenhouses

1/14/2013 Phoenix Holding GmbH Curtiss-Wright Corp. $109,684,000 100% Wholesale drugs holding company

Check out www.njbiz.com/events to see a list of our 2013 events and sign up for our events newsletter! eal Friday, March 8 state Tuesday, June 18 2013 SYMPOSIUM A program of NJBIZ

NJBIZ BEST FIFTY Thursday, March 21 Women in Business Tuesday, October 29 2013

NEW JERSEY’S Thursday, April 25 Tuesday, November 19 50 FASTEST 2013 a 2013 program of NJBIZ

Thursday, June 6 Monday, December 9 2013

For more information contact Sarah Heckman at [email protected] or (732) 246-5713

36 January 28, 2013 X NJBIZ www.njbiz.com Deals Roundup

NEW BUSINESS

COMPANY CONTACT ADDRESS COMPANY CONTACT ADDRESS

Britt Lacher P.C. Britt Lacher 75 Avenue Of Two Rivers, Rumson, 07760 In Motion Physical & Occupational Therapy P.A. Antoine Michel Hitti 161 18th St. 7C, Union City , 07087

Paul K. Yoon P.C. Paul K. Yoon 2400 Lemoine Ave., Suite 201, Fort Lee, 07024 Medicsurg P.C. Irfan A. Alladin 680 Broadway, Suite 204, Paterson, 07514

Zaksh Medical Service P.C. Akbar Noormohamed 193 Dixon Ave., Dumont, 07628 Law Offices of Kenneth D. Aita P.C. Kenneth D. Aita Esq. 126 White Horse Pike, Haddon Heights, 08035

Daszkowski, Tompkins, Weg & Carbonella CPA P.C. Michele Tompkins 278 Route 34, Suite 1, Matawan, 07747 Ransd Architecture P.C. Changsoo Sohn 686 Grand Ave., Suite 116, Ridgefield, 07657

Vista Contracting P.C. Julian Rojas 40 Vista Ave., Elizabeth, 07208 Mattea Ad P.C. David Berenbaum 33-11 Broadway, Fair Lawn, 07410

REAL ESTATE

LOCATION SIZE SALE/LEASE OWNER OWNER’S BROKER BUYER/TENANT BUYER’S BROKER

1025 North Pearl St., Bridgeton (R) 17,470 square feet Sale NA CBRE NA CBRE

223 Mount Airy Road, Bernards (O) 16,332 square feet Lease Mack-Cali Realty Corp. NA Regus CBRE

299 Market St., Saddle Brook (O) 6,876 square feet Lease Bergman Real Estate Group In-house Hudson Horizons NAI James E. Hanson

South Orange Towers, Orange (M) 108 units Sale NA CBRE NA CBRE

(I) – Industrial (O) – Office (M) – Multifamily (R) – Retail

MORE INFORMATION Mergers & Acquisitions data were supplied by FactSet Mergerstat and Thomson Reuters. New Businesses include businesses that have moved to New Jersey or opened a new office in the state. The Bankruptcies are obtained from federal courthouse records available on Public Access to Court Electronic information was supplied by the state Treasury’s Division of Revenue. Records, or PACER. Listings are organized by the office in which they were filed. Real Estate Transactions are provided by brokers and their representatives. Listings should include the names Insider Trading reports on the stock transactions reported to the Securities and Exchange Commission by of the buyer and seller or lessee and lessor; the square footage or acreage; the address of the property; and the brokers officers, directors and major shareholders. These data were compiled by Thomson Financial and are listed in order of representing each party. For sales transactions, please include the price. Send all transaction information to [email protected] transaction value. with “real estate” in the subject line.

www.njbiz.com NJBIZ X January 28, 2013 37 Off The Clock The Mironov Group LLC, Certified Public Accountants & Consultants, in Edison participated in the firm’s Coats for Kids drive. Sixty-six new coats recently made their way to young Hurricane Sandy vic- tims in the regional area, just in time for the cold weather.

The attorneys and staff of Becker Meisel LLC hosted a toy drive to Provident Bank announced the three top benefit the United Way of Northern New Jersey. From left are Becker prize winners and charities in its “Commit- Meisel LLC attorneys Adrienne Hollis, Litigation Department; Lauren ted to Share” sweepstakes. The sweepstakes E. Bielskie, Bankruptcy, Insolvency, and Creditors Rights Practice was hosted by Provident to give a financial Group; and Ivan J. Kaplan, Corporate Practice Group. boost to consumers and charities alike, and awarded more than $28,000, including a $5,000 grand prize with a $5,000 matching donation from Provident to a charity. From left, Chris Martin, Provident Bank president and CEO, and Ricki Minix, grand prize win- ner who selected the Hurricane Sandy New Jersey Relief Fund to receive a matching donation from Provident.

HOW TO SUBMIT NJBIZ welcomes your Off the Clock and Guest List items. Pictures, and Drinker Biddle attorneys and staff in Florham Park collected seven captions that identify everyone in the large bags full of toys for Shriners Hospitals. The toys donated to Celebrating the opening of RockPlaza Lofts, a $38-million multiproperty redevelopment on Market Street in Newark photo from left to right, may be e-mailed Shriners will be distributed throughout the year to children who adjacent to the Prudential Center, are from left, Samer Hanini, The Hanini Group principal; Marc Berson, Fidelco Realty to [email protected] with “Off the come to the hospitals for treatment. From left are Brianna Kostecka, Group chairman; Newark Mayor Cory Booker; Adam Zipkin, City of Newark economic development and housing deputy Clock” or “Guest List” in the subject line. Please send electronic files at 300 DPI at an Drinker Biddle attorney, and Patricia Vaccaro, Drinker Biddle staff mayor; Gina Nisbeth, Citi director; Joe DiVincenzo, Essex County Executive; Lyneir Richardson, Brick City Development original size of 6 inches wide. member. Corp. executive director; Luis Quintana, Newark City councilman; and Derek Sibley, RockPlaza Lofts tenant.

what do you need? FGV Media can help you maximize your investments across a variety of channels. From radio and outdoor advertising to We’re Making events, media placement and custom presentations, FGV Media works with you to create memorable messages that Good Impressions; help grow your business. as a matter of fact, NJBIZ.com averages over 40,000 unique visits and 200,000 page views per month! NJBIZ, New Jersey’s only independent weekly business journal, reaches nearly 50,000 readers every week! CONTACT And now, NJBIZ.com has clicked through to another level as the strong online component of NJBIZ. FRAN MASCIANTONIO Phone: (717) 975-9210 s NJBIZ.com averages 60,000 visits and 200,000 page views per month. Email: [email protected] s NJBIZ.com is attracting a new following every day with over 40,000 unique visitors each month. Address: 6 State Road Mechanicsburg, PA 17050 s Our daily e-newsletters have more than 20,000 subscribers. njbiz.com site sponsor: Want to Learn More? www.fgv.com Call (732) 246-5729. VIDEO WEB AND MORE

38 January 28, 2013 X NJBIZ www.njbiz.com Guest List 2012 Economic Vitality Awards Somerset County Business Partnership The Somerset County Business Partnership Annual Meeting & Celebration of Success took place at the Bridgewater Marriott, 700 Commons Way in Bridgewater. The event honored the recipients of the 2012 Economic Vitality Awards, presented annually to recognize Somerset County companies that have made a significant economic impact and have fostered eco- nomic vitality through job creation and retention, job training and retraining, sales growth, profitability and reinvestment, technologic advancement, increased capital assets and influx of new dollars.

From left are Rick Fontana, Morgan Stanley Wealth Management first vice president; Gary Shiman, Somerville Aluminum co-owner; Patrick Boran, left, and Brian Kerwin of Kerwin Wealth Management. and Dick Williams, Somerset County former administrator.

From left are Ralph Izzo, Public Service Enterprise Group Inc. chairman and CEO; Eileen Leahey, Public Service Enterprise Group Inc. representative; Troy Fischer, Bridgewater Com- Troy Fischer, Bridgewater Commons general From left are Anita Ventantonio, Mike Maddaluna, Somerset County Vo-Tech former superin- mons general manager and Somerset County Business Partnership chair; and Mike Kerwin, manager and Somerset County Business tendent; and Jim Ventantonio. Somerset County Business Partnership president and CEO. Partnership chair.

Included: Superior service from a Type Personality.TM We share your PASSION FOR SUCCESS.

NORWALK, CT PAWTUCKET, RI TAUNTON, MA PORT WASHINGTON, NY REVOLVING REVOLVING REVOLVING CREDIT REVOLVING CREDIT FACILITY CREDIT FACILITY FACILITY & TERM LOAN CREDIT FACILITY

$6,500,000 $25,000,000 $9,000,000 $65,000,000

ASSET-BASED FINANCING

At Webster, we care about helping local businesses succeed. That’s why we provide accessible financing that your business needs to achieve its goals. Talk with us today and together, we’ll find a way to make it happen. For more information about our asset-based financing solutions, contact Warren Mino at 212.806.4500, or go to websterbcc.com for an application.

NEW YORK BOSTON HARTFORD PHILADELPHIA

NYSE:WBS ® Business Credit Websterbcc.com

All credit facilities are subject to the normal credit approval process. *The NYSE ticker symbol of WBS is assigned to Webster Financial Corporation and does not constitute an offer to buy or sell securities by the Company, Webster Bank, N.A. its subsidiaries or any associated party and is meant purely for information purposes. Member FDIC Webster Business Credit Corporation is a subsidiary of Webster Bank, N.A. The Webster Symbol and Webster Business Credit are registered in the U.S. Patent and Trademark Office.

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