20150921-NEWS--0001-NAT-CCI-CN_-- 9/18/2015 7:18 PM Page 1 BOOM TIMES ARE TOUGH TIMES FOR THRIFT STORES CRAIN’S® PAGE 4 NEW YORK BUSINESS VOL. XXXI, NO. 38 WWW.CRAINSNEWYORK.COM SEPTEMBER 21-27, 2015 PRICE: $3.00 Can Preet be beat? Next up in the U.S. attorney’s crusade against Albany corruption: the trials of Dean Skelos and Sheldon Silver PAGE 10 bloomberg news 38 5 NEWSPAPER 71486 01068 0 B:11.125” T:10.875” S:10.25” Your business deserves the B:14.75” T:14.5” best S:14” network. Get $350 when you trade in your phone and buy a new Samsung Galaxy S6 edge or Galaxy Note5. New 2-yr. activation on $34.99+ plan req’d. $350=$150 bill credit + $200 smartphone trade-in credit. findmyrep.vzw.com Offer expires 9/30/15. Account credits applied within 2-3 billing cycles. Trade-in must be in good working condition. Bill Credit will be removed from account if line is suspended or changed to non-qualifying price plan after activation. Activation/upgrade fee/line: $40. IMPORTANT CONSUMER INFORMATION: Corporate Subscribers Only. Subject to Major Acct Agmt, Calling Plan, & credit approval. Up to $350 early termination fee/line. Offers & coverage, varying by svc, not available everywhere; see vzw.com. While supplies last. Restocking fee may apply. © 2015 Verizon. 37241 Project Title: New York Crains Team Proof Approval Job Number New York Crains Inks Side 1 CMYK Full Size (W” X H”) Reduced Size (W” X H”) (Initial and Date) Job Type Ad Inks Side 2 n/a Scale 1” 1” Art Director None Project New York Crains Finishing None Resolution 300 dpi 300 dpi Copywriter None Version Code None Template None Bleed 11.125” x 14.75” 11.125” x 14.75” Studio Sholler 125 E. Broad St. Greenville, SC 29601 Pages/Panels 1 of 1 Paper Stock MG Trim 10.875” x 14.5” 10.875” x 14.5” Prod. Mgr. None P: 864.271.0500 | F: 864.235.5941 622 Third Ave, New York, NY 10017 Hardware or Component None Safety 10.25” x 14” 10.25” x 14” Acct. Exec. None P: 212.905.7000 | F: 212.370.0781 Equipment None Finished Identifier None 10.875” x 14.5” Size Comments: PDFx1a with bleed. Include marks, slug. Inks: Cyan, Magenta, Yellow, Black Fonts: Neue Haas Grotesk Text Std, Neue Haas Grotesk Display Std Images: RM_AlcatelLucent_collaboration_CMYK.ai, RM_ML_SS_GlxyNote5_Blk_Frt_Frt-Sept25-BluePop-R5in-MG.psd (258 ppi), RM_ML_SS_GS6Edge_Blk_Frnt-GreenPop-R5in-MG.psd (269 ppi), SS_Galaxy_S6_S6Edge_Lockup.ai, SS_GNote5_Logos.ai, Verizon_CMYK_P.eps 20150921-NEWS--0003-NAT-CCI-CN_-- 9/18/2015 7:15 PM Page 1 EDITOR’S NOTE FYICRAINSNEWYORK.COM Women leaders It was with trepidation that I ventured to the podium last week Fred Wilson’s mission to address a room filled with 50 of to train tech teachers New York’s most powerful women, joined by 600 of their mostly enture capitalist Fred Wilson female guests. If the three-hour (right) stepped into the public- Republican presidential debate the policy spotlight last week as he night before told us anything, it’s V Jeremy Smerd and his foundation joined forces with that there’s no shortage of Mayor Bill de Blasio to get computer- bloviating men. But the luncheon science teachers and courses into every at Cipriani 42nd Street celebrating these public school in the five boroughs by accomplished women presented an opportunity 2025. New York is the third city to to make a point that we don’t hear enough: Boys attempt such a plan, after Chicago and and men need female role models, too. A study San Francisco. Half of the $81 million published a couple of years ago quantified this idea. needed to develop “Computer Science Researchers looked at more than 10,000 companies for All” is expected to come from private and tracked the wages that male CEOs paid their donors. Among the early backers are the buck ennis workers.Their conclusion: CEOs with daughters AOL Charitable Foundation, the Robin paid their female employees more. Having a Hood Foundation and CSNYC, Mr. Wilson’s technology-education-focused organization.The city daughter makes men more empathetic and fair- will need to find or train about 5,000 people who not only can teach computer science, but also minded. And a father who picks up on the needs of want to apply those skills in education rather than in New York’s lucrative and growing tech his daughter is also, we hope, picking up on the sector. Crain’s reported last year that of the school system’s 75,000 teachers, fewer than 100 teach feelings and needs of girls and women in general. It’s computer science. Because most states, including New York, don’t offer certification in the amazing for me to think of my 9-month-old subject, computer-science teachers typically have been math instructors who have picked up daughter as a role model, but she is. Ruby is helping software skills on their own. One of the challenges will be pay. Salaries for engineers, for example, me deepen my conscientiousness about the issues can start at around $90,000, about twice what a new teacher can expect to make. that affect women in general. Not just job discrimination and the pay gap, but domestic CRIME CURRENTLY NOT PAYING DOLANS TO SELL CABLEVISION Hungary from Houston,and transfer violence, rape and the subtle everyday forms of As former Assembly Speaker Shel- European cable company Altice will an additional 400 from South Caroli- gender bias. Not everyone, of course, is lucky enough don Silver waits for his day in court pay $17.7 billion for Cablevision, na, Maine and New York to France. to have a daughter, but we all work with talented to face corruption charges (see Page long controlled by the Dolan family. 10), two former assemblymen were The deal, which requires regulatory GM PAYS UP women.The New York business world is full of sentenced. William Scarborough approval, takes place amid industry General Motors will pay $575 mil- them. Our Most Powerful Women list is an obvious (D-Queens) received 13 months for consolidation as consumers ditch ca- lion to settle lawsuits with about place to find them and learn their stories, as are our claiming false travel expenses, while ble for digital media. 1,380 people over annual 40 Under 40 and Fast 50 features. William Boyland Jr. (D-Brooklyn) ‘At least he its failure to dis- got 14 years for bribery. JFK HOTEL close a major safe- Recognizing and celebrating their accomplishments, The Port Authority of doesn’t have ty defect that formally and informally, is a service to all of us. If you CARNEGIE HALL DISCORD New York and New caused ignition have someone in mind, keep the conversation going Billionaire Ron Perelman stepped Jersey this week is ex- this one strand systems to switch down as chairman of the concert hall’s pected to approve its that he twirls off and disable fea- by tweeting #50powerfulwomen to @crainsnewyork. board of trustees, even though the ex- pick of JetBlue and tures such as pow- ecutive committee agreed to investi- MCR Development over his head er steering and gate the venue’s finances. Mr. Perel- to transform JFK air- like a soft serve airbags. Addition- THIS WEEK IN CRAIN’S man accused management of poor port’s former TWA ally, GM settled a transparency and oversight. terminal—a land- at Dairy shareholder suit mark designed by filed by the New IN THE BOROUGHS-------------------------- 4 Eero Saarinen—into Queen’ York State Teach- —Hillary Clinton to Jimmy the transit hub’s lone ers’ Retirement IN THE MARKETS---------------------------------- Fallon, when the Tonight 5 hotel. System alleging Show host, posing as THE INSIDER ----------------------------------------------- that the carmaker 6 NATION’S Donald Trump, commented that Democratic concealed the REAL ESTATE -----------------------------------------------7 SMARTEST CARS presidential rival problems as in- OPINION-------------------------------------------------------------8 New York City will be Bernie Sanders is balding vestors bought the testing ground for GM stock. GREG DAVID ------------------------------------------------9 new smart-car tech- nology,thanks to a $20 million grant LOVE-HATE NO. 7 REPORT: LAW ----------------------------------------10 from the U.S. Department of Trans- Days after a No. 7 subway station THE LIST ---------------------------------------------------------12 portation.As part of a pilot program, opened in Hudson Yards, one study wireless technology that gives ad- blasted the line for having the worst SOURCE BREAKFAST CLASSIFIEDS -----------------------------------------16 vance warning of changing traffic facilities in the city while another Danish architect Bjarke ap images BUSINESS PEOPLE-----------------------20 patterns and obstacles will be in- commended the 7 for its frequency Ingels is making his mark on QUINN TO LEAD NONPROFIT stalled in about 100,000 cars, taxis and clean cars. The Citizens Budget New York. P. 21 FOR THE RECORD---------------------------22 Former New York City Coun- and buses. Commission found that of the line’s cil Speaker Christine Quinn, 21 stops, 37% had stairs, platform vol. xxxi, no. 38, september 21, 2015—Crain’s New York Business (issn 8756-789x) is who joined the Cuomo admin- GE LOOKS OVERSEAS edges and ventilators in dire need of published weekly, except for double issues the weeks of June 29, July 13, July 27, Aug. 10, Aug. 24 and Dec. 21, by Crain Communications Inc., 685 Third Ave., New York, NY istration after losing the 2013 General Electric may move 500 jobs repair. Separately, the Straphangers 10017. Periodicals postage paid at New York, N.Y., and additional mailing offices. Post- mayoral race, was named head overseas after an Import-Export Campaign ranked the 7 the city’s best master: Send address changes to: Crain’s New York Business, Circulation Department, 1155 of Women in Need, a nonprof- Bank government loan agency that line for the second year in a row, also Gratiot Avenue, Detroit, MI 48207-2912.