EXTENDED UNTIL DEC. 9! 40under40

40 UNDERFORTY

NOMINATIONSEXTENDED UNTIL DEC. 9!www.crainsnewyork.com/

40under40

U.S. bankscash inon Eurothrash

BY AARON ELSTEIN

With cash flying out of their vaultshere, bloodied European banks aresounding the retreat from the U.S.,providing their New York rivals arare opportunity to seize the busi-ness being left behind.

Anxious depositors have yankednearly $200 billion from the U.S.branches of European banks thisyear, according to Nomura Securi-ties, depriving the institutions ofthe cash they need to make loans tocommercial clients. As a result,loans worth $350 billion are up forgrabs, mainly big-ticket items likeaircraft leases or lines of credit toglobal corporations.That’s the sortof business craved most by institu-tions like JPMorgan Chase, Citi-group and relative newcomers tothe New York scene, such as WellsFargo and U.S. Bancorp.

It’s a striking turn of events:Only two years ago, this city’sbiggest banks were facing such

BY MATTHEW FLAMM

Acquisition fever has hit NewYork’s bubbling tech scene. Lastmonth, advertising technologyfirm interclick sold itself to Yahoofor $270 million, recommendationengine Hunch peeled $80 million

from eBay, and urban hipster par-enting site Babble tapped Disneyfor $40 million. Those deals fol-lowed 35 acquisitions by varioustech players in the third quarter—up from eight in the year-earlier pe-riod, according to CB Insights.

The bug bit investors as well.Venture capital funding in the

metro region topped $890 millionin the third quarter,a level of invest-ment that hasn’t been seen since thelast days of the dot-com bubble, ac-cording to the MoneyTree Reportfrom PricewaterhouseCoopers andthe National Venture Capital Asso-ciation, based on data from Thom-son Reuters. That put New York inthe No. 2 spot behind Silicon Val-ley—and ahead of Boston—foronly the second time in a decade.

Buoyed by the success of local

names such as Union Square Ven-tures—an early backer of Twitterand online gaming company Zyn-ga—and by a thriving entrepre-neurial culture, the tech sector herehas bucked general business trendsby remaining a bright spot in thecity’s economy.

“It’s a great time for New York,”said Linda Gridley, chief executiveof banking firm Gridley & Co.,which specializes in technology

Startups get snapped up

See STARTUPS on Page 46

See BANKS on Page 47

NY jumps to No. 2 in flurry of tech M&A, VC activity, but deals still on small side

Wells Fargo, others swoop as overseasplayers here swoon

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VOL. XXVII, NO. 49 WWW.CRAINSNEWYORK.COM DECEMBER 5-11 2011 PRICE: $3.00

BY SHANE DIXON KAVANAUGH

Eva Moskowitz asked the simmering crowd of parents,teachers and public school advocates to quiet down.Nearly 100 of them had packed the basement of a li-brary in Cobble Hill in late October to hear Ms.Moskowitz—who runs a growing network of high-performing charter schools throughout the city—dis-cuss the school she plans to open next fall in their mid-

dle-class Brooklyn neighborhood.As she ran through her background as a city coun-

cilwoman and school reformer, critics began to yell,heckle and interrupt. “I can’t shout over people,” saidMs. Moskowitz, who had also faced opposition andeven a lawsuit earlier this year when she started aschool on the Upper West Side.

But the sniping persisted, so Ms. Moskowitz leftthe basement. It was the first time she’d had to aban-

See ALL ABOUT EVA on Page 46

EVA-LUTION

TOP STORIES

INDEX

Food banks areoverflowing, andnot in a good wayPAGE 2

The sketchy mathbehind tenants’Stuy Town buyoutPAGE 2

What the L? WhyBillyburg merchantscurse the weekendNEIGHBORHOODS, PAGE 3

Peninsula Hospitalbankruptcy drama:the latest twistPAGE 3

THE INSIDER _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _8SMALL BUSINESS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _9OPINION _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _11REAL ESTATE DEALS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _12FOR THE RECORD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _25TOP SBA LENDERS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _26CLASSIFIEDS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _44EXECUTIVE MOVES _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _49THE WEEK AHEAD _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _51

INSIDE

GOTHAM GIGSShe spins a good yarnwith those needles

● ANNE FISHER Closingthe tech skills gap P. 49

● MOVERS & SHAKERSMogul Ricardo SalinasPliego shows interest inU.S.banking P. 50

● GAEL GREENE Ode to aGreek grandmother P. 51

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CLASS WARFARE: Afterfending off union attacks inHarlem, Eva Moskowitz isexpanding her grade-schoolchain to the Upper WestSide and Cobble Hill.

20111205-NEWS--0001-NAT-CCI-CN_-- 12/2/2011 8:44 PM Page 1

ELECTRONIC EDITION

2 | Crain’s New York Business | December 5, 2011

BY MIRIAM KREININ SOUCCAR

Melissa Doktofsky has been receiv-ing so many calls for help at her char-ity lately that her phone systemcrashed last week.

Since September, Toys ofHope—which gives new clothes,household items, toys and otherforms of support to some 65,000needy people in the New Yorkarea—has been fielding 400 calls aday, up more than 35% from thesame time a year ago. The requests,which had come primarily fromhomeless shelters, now include fam-ilies who until recently lived com-fortable lives.

“This is the largest demand andthe most varied demand I have seensince I started this in 1994,” said Ms.Doktofsky, the founder of the Hunt-ington,L.I.-based nonprofit.“I nev-er found so many people that used toown homes and cars who are nowselling off their belongings just tofeed themselves.”

Hidden problem

The recession has technically beenover for more than a year. But social servicesworkers say the situation is getting worse fora growing segment of the city’s population.In a city filled with the fabulously wealthy,where reservations at the priciest restaurantsstill need to be made weeks in advance,there’s a growing undercurrent of dire need.In fact, food pantries have so many new cus-tomers they can’t feed them all.

“There are so many needy New Yorkers

who are totally hidden,” said MargarettePurvis, chief executive of the Food Bank ofNew York City. “While people are sittingat work, there are lines around the cornersat food pantries.”

The number of children living in fami-lies that could not afford enough food roseto nearly 500,000, or one in four, between2008 and 2010, according to the New YorkCity Coalition Against Hunger. That was

up 37% from the pre-vious three-year peri-od. Overall, 1.47 mil-lion New Yorkers, orone in six, are strug-gling against hunger.

“The number ofpeople in poverty inNew York City is larg-er than the entire pop-ulation of Philadel-phia,” said Joel Berg,executive director ofthe coalition. “It’s theworst I’ve seen it in afew decades.”

Savings run out

Nonprofit execu-tives blame the highrate of long-term un-employment for theincreased demand.Many of the peoplewho were laid off dur-ing the recession wereliving on unemploy-ment benefits or sav-ings,which have sincerun out.

“Being unem-ployed for twomonths is bad,but be-ing unemployed for ayear spirals your fam-ily out of control,”said Richard Buery,chief executive of TheChildren’s Aid Soci-

ety, where housing-assistance requests areup 40% this year.

Robert Doar,commissioner of the city’sHuman Resources Administration, saidthe city is doing everything it can to assistthe needy. It has made getting food stampsmuch easier, for example, doling out $3.5billion worth in 2011, up from $1.5 billionin 2009.

Number of needy New Yorkersgrowing at alarming rateFood banksstruggle to keepup with demandas funding drops

FACEBOOK WILL MAKE NEW YORK ITS FIRSTENGINEERING HUB OUTSIDE OF THE WESTCoast, and will begin hiring in the new year.Chief Operating Officer Sheryl Sandbergmade the announcement on Dec. 2 at the socialmedia giant’s midtown offices, where itemploys 100 people in ad sales and globalmarketing. She declined to say how manyengineers would be hired, insisting that thenumber would depend on how much talent thecompany could find, but she noted thatFacebook would be looking for new offices.

NEW YORK STATE’S FILM AND TELEVISIONPRODUCTION INDUSTRY IS PUTTING PEOPLEback to work.The number of core productionjobs in 2010 jumped to 43,000, up 22% fromthe previous year, according to a new analysis of labor statistics by the Motion PictureAssociation of America. Annual job growthoverall during that period in New York was flat.Film executives attribute the gains solely to theexpansion last year of the state’s 30% refundabletax credit for production costs.This year,applications to film here are up 66% over lastyear, with 137 filed to date.They include 91motion pictures and a record 26 televisionseries, according to the Governor’s Office ofMotion Picture and Television Development. n

IN BRIEF

BY THE NUMBERS

HOLIDAY CHEER Many indicators glowed greenlast week, including those for consumerconfidence, holiday spending, manufacturingand most important the unemployment rate.

BIG DEAL The proposed initial public offering of stock inFacebook would be one for the U.S. record books, rankingamong the top five ever.

Weekly shift of the city’s economy

�

9.6%RISE in NY

electricity cost lastyear, vs. flat rates

nationwide Source: U.S. Energy

InformationAdministration

Kraft Foods

Facebook (speculated for April 2012)

AT&T Wireless Group

General Motors

Visa

$17.9B

$15.8B

$10.6B

$10.0B

$8.7B

vol. xxvii, no. 49, december 5, 2011—Crain’s New York Business (issn8756-789x) is published weekly, except for double issues the weeks ofJuly Fourth, Labor Day and Christmas, by Crain CommunicationsInc., 711 Third Ave., New York, NY 10017. Periodicals postage paid atNew York, N.Y., and additional mailing offices. Postmaster: Sendaddress changes to: Crain’s New York Business,Circulation Department,1155 Gratiot Avenue, Detroit, MI 48207-2912. for subscriber serv-ice: Call (877) 824-9379. Fax (313) 446-6777. $3.00 a copy, $99.95 oneyear, $179.95 two years. (GST No. 13676-0444-RT)©Entire contents copyright 2011 by Crain Communications Inc.All rights reserved.

ADDICTED TO NUMBERS? GET A DAILY DOSE AT @STATSANDTHECITY

30KNUMBER of LED

lights on theRockefeller Center

Christmas treeSource: Rockefeller

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$1BNYC’S Black

Friday weekendspending, 2% of

the U.S. totalSource: NYC

EconomicDevelopment Corp.

BY THERESA AGOVINO AND AMANDA FUNG

Arlynne Miller has been disgusted bychanges at Stuyvesant Town/Peter Coop-er Village in recent years, ranging from afalloff in building maintenance to the in-stallation of a ice-skating pond that resi-dents must pay to use.

But there’s hope. Ms. Miller said she’sexcited by plans for tenants to team up witha deep-pocketed Canadian firm to buy therent-regulated complex and turn it into af-fordable condos.

Will she buy her apartment?“It depends on the terms,” said Ms.

Miller, a 35-year resident of the complex,

which stretches along the East River all theway from East 14th to East 23rd streets.

It’s a common refrain among the com-plex’s 25,000 residents.The unprecedentedeffort to transform the enormous complexinto affordable condos kicked off last week,when the tenants joined forces with Brook-field Asset Management in an effort to buythe historic property, which hasabout 11,000 units. But given thata concrete plan has yet to be devel-oped, the biggest question—howmuch?—remains a total mystery.

Long and winding road

Determining that figure andsorting out myriad other details promisesto be a long, arduous task, since any planmust satisfy the differing goals of varioustenants and financial backer Brookfield—not to mention CWCapital, which nowcontrols the property.

“The project seems fraught with prob-lems,” said Ronald Kremnitzer, co-chair of

the real estate practice at law firm PryorCashman. “How are they going to balanceout the needs of those varied groups tocome up with a bid?”

For openers, the partners have pledgedthat tenants won’t be evicted if they want tocontinue to rent.The greater the number ofrenters, the lower the size of the bid. And it

remains to be seen just what pricetenants will be willing to pay if theywant to buy their apartments.

Further complicating matters,tenants are considering a two-tieredpricing structure, with a deeply dis-counted rate for buyers who’d agreeto limit their profit when they even-

tually sell, and a somewhat higher insiderrate without a cap on the resale price.

Meanwhile,Brookfield will have to fig-ure out if it can make a healthy profit basedon the tenants’ decisions.

Another wild card: the amount of backrent that is owed to some tenants becauseof a 2009 court ruling stating that the prop-

See NEEDY on Page 48

At least two bidders want to buy complex; fixing price will be tricky

$1.8BESTIMATE ofthe complex’svalue made by S&P twoyears ago

Source: Renaissance Capital

CORRECTIONS AND CLARIFICATIONS

Economic Development Corp. President Seth Pinsky’s name wasmisspelled in the Nov. 28 “What He’s Reading.”

Colliers New York’s Richard Warshauer predicts that thecompletion of the World Financial Center will prompt tenants ofdowntown’s better buildings to leave for newer spaces. That willfree up space so that other tenants can leave Class B and Cbuildings, which are then ripe for conversion to either residentialor office condos. The full extent of this chain reaction was notmade clear in the Nov. 28 story “Office condos’ rising appeal.”

Opponents of the city’s carriage-horse industry have proposedreplacing horse-drawn vehicles with all-electric replicas of a1909 Pierce Arrow. Michael Gross had described the cars asModel T’s in his Nov. 28 column, “Let’s talk horse sense.”

NOT GOOD: LoveKitchen’s Jewell Jones isseeing many people whoare new to food pantries.

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20111205-NEWS--0002,0003-NAT-CCI-CN_-- 12/2/2011 9:09 PM Page 1

s pleasing everyoneerties’ former owners violated the law by dereg-ulating units while receiving tax breaks. A ten-ants’ lawyer calculates that they may be owed$200 million.Various parties are hammering outthe final figure,which will have a bearing on howmuch the bidders are willing to pay.

Buying in at 75% off

There’s already been a resurrection of a com-peting plan for the conversion of the property.Last week, a joint venture of investment firmWestwood Capital and developer Gerald Guter-man, who was known for co-op conversions inthe 1980s, sent tenants a letter reiterating a de-tailed proposal made last year. Under that plan,tenants would pay about $175 per square foot fortheir apartments—a quarter of the estimatedmarket value of $700 per square foot.

“We would still love to do this deal,” saidDaniel Alpert, managing partner of WestwoodCapital. “Our plan makes sense for tenants.”

Sources close to the tenants said the residentsand their advisers don’t believe that partnership hasthe financial backing to complete a deal—a claim

that Mr. Alpert denies.Ultimately, CWCap-

ital will decide which, ifany, bid is best. To date,it hasn’t even signaled adesire to sell.

CWCapital tookcontrol in late 2009 afterthe former owners,Tish-man Speyer Propertiesand BlackRock Real-ty—which bought thecomplex in 2006 for arecord $5.4 billion—defaulted on loans.CWCap-ital represents the bondholders of the $3 billionfirst mortgage, and some have suggested thatbidders would have to offer at least that amountto tempt the company. However, Standard &Poor’s estimated the value of the complex at $1.8billion two years ago.

“We have to deliver a bid that is the best when[CWCapital] assesses the risk of any others,”said Barry Blattman, senior managing partner atBrookfield, adding that it is too early to specu-

late on the size of a bid.If bondholders think the figure too low, they

may opt to hold out for a better price down the roadonce the economy is stronger,say industry experts.

There’s one more hurdle that some say may bethe highest of them all.

“The biggest challenge that I see to a deal isthat it would be awfully hard to raise debt forsuch a large transaction,” said Ted Hunter, chair-man of the real estate department at law firmLowenstein Sandler. n

BY ADRIANNE PASQUARELLI

William Norton spent the daysleading up to the crucial Black Fri-day shopping weekend taping upflyers and composing an email blastto the 7,000 patrons of Peachfrog,

his Williamsburg, Brooklyn-basedstore. But after ringing up 120transactions that Friday,sales plum-meted on Small Business Saturdayand again on Sunday—the samedays the neighborhood’s primarylink with Manhattan, the L train,was shut down for maintenance.

“Nobody was here,” said Mr.Norton, who sells an eclectic mix ofapparel, shoes and antiques. “I lost80% of my business,compared with

last year.”Weekend ridership on the L has

jumped 141% since 1998, largelybecause it is the only line servingthe heart of increasingly trendyWilliamsburg.The problem nowa-days is that all too frequently, thatlifeline has been cut, inconvenienc-ing residents and battering localbusinesses. What’s more, evenwhen the L is up and running, thewaiting time between trains is longand the cars overcrowded.

Since July, the MetropolitanTransportation Authority has com-pletely or partially shut down serv-ice on the L on a dozen weekends.

The weekend after Black Fridaywas the worst, though. Merchantsreported that business slumped20% to 80% from last year’s levels.In response, they’ve begun meetingwith community leaders and reach-ing out to local politicians and theMTA to figure out alternatives.

“We’re not crazy people,” saidFelice Kirby, co-owner of Teddy’sBar and Grill on North EighthStreet and Berry Avenue. “Weknow they have work to do, and wewant people to get to work onweekdays, but we count, too—there’s an imbalance.”

Hospitalbuyouthits newhurdle

BY BARBARA BENSON

The new operators of bankruptPeninsula Hospital Center are soenmeshed in conflicts of interestthat they should be stripped of con-trol of the Queens hospital, the U.S.trustee in the bankruptcy case hascharged.

The allegations come as Penin-sula approaches its payroll obliga-tions next week. After nearly threemonths in bankruptcy, Peninsulastill does not have court approval fora proposed $8 million debtor-in-possession loan.

The hospital’s legal team, itscreditors and court officials arelocked in talks to hammer out anagreement on a restructuring strate-gy and a DIP loan.If a Revival trans-action doesn’tfall into placesoon, and if noother lendercomes for-ward,Peninsu-la could runout of moneyto fund opera-tions and maybe forced toslash 600 jobs.

Complicating the sensitive talksare the trustee’s allegations about thefor-profit company that runs Penin-sula, an affiliate of Brooklyn-basedRevival Home Health Care. Underthe Revival affiliate, Peninsula lacks“independent leadership, which ispreventing [it] from making anymeaningful progress towards reor-ganization,” the trustee wrote lastweek in a motion filed with thecourt.

Peninsula adviser Howard Fen-sterman of law firm Abrams Fen-sterman said that the motion has “nomerit” and that the hospital “vigor-ously opposes it.”He added,howev-er, that Peninsula “will work cooper-atively to satisfy the trustee’sconcerns.”

The trustee wants to remove Re-vival primarily because one of itshigh-ranking employees, ToddMiller,was named chief executive ofPeninsula in September. Mr. Millerresigned from Revival last week, onthe day the trustee filed the objec-tions.

Mr. Miller last month informedthe state Department of Health thatSteven Zakheim, a controversialhealth care entrepreneur who ismarried to the owner of RevivalHome Health Care, is serving as anunpaid consultant to Peninsula

WATCH THE GAP:Businessslumped 20%to 80% theweekend afterBlack Friday,when the Ltrain was shutdown.

Train wreck for retailWeekend L-trainshutdowns cutoff W’burg shopsfrom customers

See PENINSULA on Page 48

See L TRAIN on Page 4

Bankruptcy trustee:conflicts of interestin Peninsula deal

December 5, 2011 | Crain’s New York Business | 3

NEIGHBORHOODJOURNAL

TALL ORDER: The scale of Stuy Town, which has 35 buildings and 25,000 tenants, is staggering.

LIFELINE?

$8MLOAN sought by bankrupt facility as payrollcomes due

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20111205-NEWS--0002,0003-NAT-CCI-CN_-- 12/2/2011 9:09 PM Page 2

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According to the MTA,the trackwork and train upgrades are neces-sary and will improve service.

“We work hard to take commu-nity needs into consideration,” saida spokeswoman, noting that theagency will try to concentrate workduring weeknights.“In this case, thework had to be done at this time.”

Meanwhile, a ferry servicelaunched in June is helping to fill thetrain gap, but the numbers are mod-est. For the weekend after Black Fri-day, the East River Ferry carriedaround 5,500 passengers—slightlymore than half of the summer week-end peak but well above expectationsfor the fall. In contrast, last year onan average weekend, 38,000 peopleused the Bedford Avenue stop.

“North Williamsburg is ourbusiest stop in Brooklyn andQueens,” said Paul Goodman, chiefexecutive of the BillyBey Ferry Co.,which runs the ferry for New YorkWaterway. He described the recentweekend ridership as “surprising.”

Shop owners, however, use an-other word: inadequate. For Ms. Kir-by, whose 124-year-old Victoriantavern is featured in many tourguides, missing out on weekendbrunch sales is crippling.Half of Ted-dy’s patrons come from outsideWilliamsburg. She noted that the Lwas also out of service on Sept.18,theday of the big annual Taste Williams-burg/Greenpoint fundraiser, inwhich local restaurants donate theday’s proceeds toward the building ofa community center. This year, the

event raised $84,000, 16% less thanin 2010, Ms. Kirby said.

Crying in their beer

Nearby, on North 11th Street,people are typically lined up aroundthe block for tours of the BrooklynBrewery on Saturdays and Sundays.Owner Steve Hindy said that whenthe L is out of commission, salestypically slip about 20%. Similarly,at jewelry shop Brooklyn Charmjust a few blocks away off BedfordAvenue, owner Tracie Campbell es-timated that as many as 40 transac-tions were lost on each of the twodays after Black Friday.

“It’s frustrating that someone outthere didn’t pay attention enough torealize they shut us down on thebiggest shopping weekend of theyear,” she said.

For Jon Marchisio, the problemisn’t just that he normally does 60%of his business at his beer hall, BerryPark, on the weekends, but thatmany of his staffers rely on the L toget to work. Some of them live as faraway as Coney Island, others live inManhattan. In both cases, they haveto take cabs when the train is out ortake multiple trains and buses.

“It’s a straight shot to 14th Streetfrom wherever, then boom! It’s liter-ally three minutes to Williamsburgfrom First Avenue,” he said. “It def-initely hurts when [the L] closes.”

To improve the situation, Mr.Norton of Peachfrog is meeting withthe local community board this weekto find ways to open a dialogue withthe MTA and better coordinate out-ages. Other shop owners, such asMs.Kirby,are also immersing them-selves in campaigns to introduce ad-ditional transit opportunities to theburgeoning neighborhood.

The MTA is paying attention.After a recent review of congestionproblems requested by Sen. DanielSquadron, D-Brooklyn, the agencyannounced plans to add 11 round-trips on Saturdays,seven on Sundaysand 16 on weekdays next year. Theline will also finish its conversion toa new signaling system, which Mr.Squadron expects will eliminatesome of the need for shutdowns.

“The L train is the artery to therest of the city,” he said. “Some serv-ice disruptions are inevitable, butthey should be coordinated in waysthat make sense.” n


Buyer flips. Seller flips out

In private equity, the nameof the game is to buy acompany, fix it up, then sell

it to someone else for more.Typically, this process takes afew years to play out. Butearlier this year, New Yorkfirm Castle Harlan managed tospeed things up. It flipped acompany a mere seven hours after buying it.

Some context: Seven hours is about the time that it takes tofly from New York to Paris. It’s how long Joseph Stalin spentaddressing a Communist Party congress in 1939. It’s one-eighth the length of Britney Spears’ 2004 marriage to JasonAllen Alexander. Heck, even Kim Kardashian’s made-for-TVunion with Kris Humphries lasted 1,728 hours before shefiled for divorce last month.

Our story begins early this year, when a company called Norcast decidedto sell its Canada-based Norcast Wear Solutions, which manufactures productsfor the mining and oil business. Norcast’s bankers at UBS began solicitingbids and Castle Harlan raised its hand. At the same time, Norcast enlistedGoldman Sachs to see if a competitor, Bradken, was interested. But Bradken,based in Australia, expressed no interest and didn’t make an offer, accordingto a court filing.

On June 17,Castle Harlan’s $190 million bid for NWS was accepted andthe deal closed on July 6. Then, those seven hours later, Castle Harlan soldNWS to Bradken for about $27 million more than it paid.

Now, Norcast is alleging that there was an “improper” arrangement be-hind the scenes between Castle Harlan and Bradken that enabled those twoparties to strike their deal so quickly. How else, Norcast argues in a federalcourt, could Bradken have performed the necessary due diligence to acquireNWS? (There is always the possibility, of course, that Bradken didn’t do anydue diligence.)

A Castle Harlan spokesman said that the firm and Bradken have a longhistory of working together on deals, so it had a good idea that Bradkenmight be interested in NWS.

Anyhoo, a federal judge in Manhattan last month allowed Norcast tosubpoena evidence from Castle Harlan, but turned down its request to de-pose the firm’s co-president.

Former hedge fund manager Raj Ra-

jaratnam (below) lost his bid last weekto remain free on bail while he ap-peals his conviction on insider-trad-ing charges, and was ordered to re-port to prison today. He’ll serve his11-year sentence atthe federal prison in

Ayer, Mass., north-west of Boston.Andwhat kind of place isthe Ayer prison, youmight wonder? A2004 posting on Pris-

ontalk.com from aformer inmate, whoseems to be fromNew York, offers some insight.

Education programs were “few,”but, the poster wrote, he made thebest of it by teaching fellow inmatesclasses in contract, tax and labor law,which suggests that Mr.Rajaratnammay have the chance to teach secu-

rities analysis if he chooses.As for recreation, well, there was

lots of time for card games, softballwas “very big” in the summer, andonce a month there was a prison-sponsored bingo game, where the

winners receivedGatorade andsnacks. Visitorscould bring nothingmore than a singlepack of cigarettesand a matchbook.

The food was “fora prison … excel-lent,” and noticeablybetter than what was

available at the Brooklyn lockup thatthe inmate said he’d been to beforeAyer. Pasta and rice were readilyavailable, and there was a salad bar,but the quality of meat was “poor.”

“Hey, it’s prison and not thePalm,” the inmate wrote. n

10%INCREASE IN THE KBW BANK INDEX last week. It was the

bank-stock index’s best weekly performance since August

2009.

The lamb shank redemption

L train derails shopsContinued from Page 3

IN TALKS: William Norton, owner ofPeachfrog, is meeting with the localcommunity board about L train outages.

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NEW YORK,NEW YORK

Ravenous for NY jobsJob seekers, take heart: If you’rewilling to work in a kitchen orcoddle fussy customers, there areplenty of positions in therestaurant business—or so itwould seem given the explosion ofjob websites targeting eateries.Since last year at least four siteshave launched—including 86List, Culintro, Eater Jobs andGood Food Jobs.

Unemployment may bestubbornly high, but “restaurantsare hiring,” said Stephanie Berghoff,co-founder of Culintro, a tradeorganization that facilitatesnetworking events and started arestaurant job board in New YorkCity nearly a year ago. Culintro islaunching a board in SanFrancisco in January.

Craigslist has long been the

go-to source for job postings, butthe latest websites are cultivating acommunity for foodies, said Taylor

Cocalis, co-founder of Good FoodJobs. Her site, focused onsustainability, includes jobs atfarms, restaurants and nonprofits.It has posted 2,400 jobs andamassed a database of 14,000users.

Eater Jobs caters to high-endeateries, posting a few dozen jobseach week, said Josh Albertson,general manager of CurbedNetwork, Eater’s parent.

—lisa fickenscher

Fashion firmsmeet funding In this economy, getting fundingfor a fashion startup is no cinch.So firms pitching investors at theFashInvest Capital Conference onWednesday need to choose their

words carefully.Last year, at the event’s

debut, only 15 contenders wereselected to hit up 60 investors.This year, 25 hopefuls, culled from125 applications, will face 75 potential backers.

“Next year, we’ll need a largervenue,” predicted FashInvest co-founder Karen Griffith Gryga, aventure capitalist.

At the event, fledgling firmsincluding Fitted Fashion, whoseautomated pattern technology

eliminates the need for a pattern-maker, will have eight minutes toimpress the likes of New York-based FirstMark Capital and Chris

Burch’s J. Christopher Capital.“We want to be the platform to

bring everyone together,” said Ms.Griffith Gryga, noting that “thisindustry is going to go through alot of change and disruption withthe convergence of technology.”

—adrianne pasquarelli

Times Square kiosksdo double duty

Digital ads are now playingon phone kiosks in TimesSquare. But the latest

upgrade in outdoor advertising isn’tmeant to shock pedestrians alreadydazzled by the lights on Broadway.¶ “We don’t want New Yorkers tofeel it’s too intrusive,” said Dave

Etherington, senior vice president ofmarketing and mobile for Titan,which just started a pilot run ofthree digitally enabled kiosksaround West 49th Street andSeventh Avenue. ¶ The ads changeevery seven and a half seconds, and range from a static image for Jameson Irish Whiskey toan active HD video spot for the Broadway play Venus in Fur. An 11-month test run will helpTitan figure out what is the best length of time for making an impression and how wild theads can get. ¶ “It should be animated enough that it catches people’s attention,” explainedScott Goldsmith, chief commercial officer of Titan. ¶ The most eye-popping element may bethe business model. Each digital panel cycles through half a dozen ads in less than a minuteand can be updated throughout the day. “Four to five times the revenue will be generated ona digital panel versus a static panel,” Mr. Goldsmith said.Titan controls the ad inventory onnearly 1,800 New York phone kiosks, but zoning regulations for digital signage will limitwhere the new ones can go. ¶ “They’re not appropriate for every neighborhood,” Mr.Goldsmith said.

edited by Valerie Block


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cause for concern.”That’s the consensus among

business leaders. But while thebusiness-backed Committee to SaveNew York is gearing up for a $10million advocacy campaign, it mightfocus on cutting state workers’pension benefits, not on taxes.

The Business Council of NewYork State gives Mr. Cuomo thebenefit of the doubt. “We’re prettyconfident that the administration islooking at things that will improvethe economic climate,” aspokesman said. And Kathryn Wylde,president of the Partnership forNew York City, praised thegovernor because he has “refused todemonize rich people.”

Mr. Cuomo’s effort could be anopportunity to expand tax breaksthat business groups like.Theywant the Excelsior programextended to companies with fewerthan 50 employees, a proposalthat’s been floated by the city’sregional economic developmentcouncil.The state’s single-sales-factor apportionment formulacould be extended to LLCs andLLPs. “That would certainlyencourage businesses to locate inthe state,” said Wayne Berkowitz, apartner at accounting firm Berdon.

Property tax hikewhispersThere are whispers in businesscircles of a possible hike in cityproperty taxes. But a spokesman forCity Council Speaker Christine

Quinn said that she is “absolutely notconsidering” an increase, andCouncilman Brad Lander said that

he’s heard nothing about it.But even when rates go

unchanged, property taxes tend toclimb because the city raisesvaluations. Property taxes areexpected to reach $17.8 billion thisyear—a 35% increase over the pastfour years despite a lackluster realestate market.

Shipping off Navy Yard methods The city-owned Brooklyn Navy Yard

has been so successful in the lastdecade—adding businesses andjobs right through the recession—that the Brookings Institute ispushing to replicate its methodselsewhere. But not necessarily inNew York City, where industrialspace is limited.

Rather, depleted urban areassuch as Detroit are the targets.

Schools turn downisland getawayAll but one school—long shotAmity University—took a pass onproposing a tech campus onGovernors Island, and theBloomberg administration has noplan B for the land, except toexpand recreational space.

But once the island’s utilities,potable water and vacant buildingsare restored, officials expect moreideas from commercial developers,an administration insider said. “Youget much more interest and muchhigher value [for real estate] whenthe infrastructure that’s promised iscloser to reality,” the insider noted.

The first phase of construction,slated to begin next year, includes anew 22-acre park and 2.2-milepromenade.

BQE study sinksThe state Department ofTransportation last week cut shortan environmental impact statement

on reconstructing the Brooklyn-Queens Expressway north ofAtlantic Avenue, saving $6 million.The agency explained that it’spointless to evaluate projects that itcan’t afford.

“At least they’re trying to bemore transparent,” said Craig

Hammerman, district manager ofBrooklyn’s Community Board 6.But he called it “rather alarmingthat when we get to the end of theuseful lifespan of a criticalcomponent of our local highwaysystem, money does not exist for aproject to rehabilitate it.”

MTA’s Apple dealnot so shiny?Apple Inc.’s $60-a-square-footlease for its new store at GrandCentral Terminal is not as sweet asa New York Post report last weeksuggested, according to theMetropolitan TransportationAuthority.

While Apple is paying less thanmost tenants at the transportationhub, the MacBook maker had toshell out $5 million to a restaurantthat previously occupied the spaceand invest $2.5 million in

infrastructure improvements forthe property—costs that the MTAnormally would have covered.While the restaurant had paid$250,000 a year, Apple’s annualrent to the MTA will beapproximately $1.1 million.

State Comptroller Thomas

DiNapoli is investigating. n

Business groups are nervous that Gov. Andrew

Cuomo (above)last week broached reform of thestate tax code.They have no shortage of suggestedtax tweaks to stimulate job growth, but many lackconfidence that an overhaul won’t boost taxes on

high earners to help close a widening budget gap and placatethe 99%.

“I’m just reading the tea leaves,” said Mike Durant, whoheads New York’s chapter of the National Federation ofIndependent Business. “Any talk of tax reform right now is a

THE INSIDERby Jeremy Smerd and Shane Dixon Kavanaugh

After the city’s bedrock financial sector tanked in

scrambling for the city’s blessing to build a campus

Crain’s

past Silicon Valley as the world’s leading tech center,

city’s offer of land on Roosevelt Island, Governors

York’s business community when state

expanding the office’s powers, which

It’s enough to make a New Yorker look

INTRIGUING IDEA ‘Pay for success’ADVOCACY GROUPS have long pitched programs for children as investments

that ultimately save taxpayers money by steering youth toward productive

careers and away from prison or government dependency. Getting public

funding, though, is challenging because a return on investment is not

guaranteed.

Soon it could be. The Children’s Aid Society is pushing a pilot project in

New York state involving “social impact bonds,” also known as “pay for

success bonds.” The Manhattan-based nonprofit has received a grant from

the Rockefeller Foundation to showcase the concept, which debuted in the

United Kingdom last year.

The idea is for private investors to sponsor services for at-risk children over

a period of years. If the youngsters achieve the goals outlined in the bond,

such as getting into college, the government repays the

investors’ principal with interest.

“We’re actively moving it forward,” said Richard

Buery (right), president and chief executive of the

Children’s Aid Society, which is working with the Cuomo

administration and social justice organizations on the

project.

The allure for government is that it could see

services launched during difficult economic times

and pay for them later—and only if they have

already succeeded.


Cuomo’s tax talkraises concerns

For daily political and government news, subscribe to

@ www.crainsnewyork.com/insider

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BY EMILY SACHAR

From a small office indowntown Brooklyn, astartup called Runa ischanging the way morethan 1,000 farmers in

Napo, a province in Ecuador, live.And the venture is receiving financialand mentoring support from the Hi-tachi Foundation to make its mark.

Runa manufactures and marketsa tealike product that is made fromthe guayusa leaf, and sells it at largeretailers such as Whole Foods aswell as independent shops.Farmers,whom Runa trains and supports,cultivate the guayusa plants.

At a time when many young en-trepreneurs in New York are gettingfinancing for socially responsiblestartups through crowdsourced-funding websites like Kickstarter,some are turning to another option:competitions geared toward suchbusinesses. With more foundationsbacked by major companies runningcontests to tease out the best social-ly responsible entrepreneurs, thosesimilar to the Hitachi Foundation’shave, for some, become a usefulsource of prize money, mentoring,networking opportunities, and eventies to angels or venture capitalists.

“A foundation like Hitachi canreally move the needle for a compa-ny like ours,”said Dan MacCombie,co-founder and executive vice pres-ident of Runa,which expects sales of$300,000 in 2011 and $1.3 millionin 2012, when the firm will add abottled beverage to its line.

Grant funds inventory, fights poverty

Hitachi’s two-year $40,000 grantshould enable Runa, launched in2009, to build up its inventory morequickly.The foundation also has pro-vided mentors from Investors’Circle,a national group of socially and envi-ronmentally minded angel investors.

Corporate foundations say theyare determined to back young talentso that they can be part of the con-versation about socially responsiblebusiness practices.

“The next-gen business leadershave a lot to teach us about runningsocially responsible firms that ad-dress poverty in the United Statesand also around the world,” saidBarbara Dyer, president and CEOof the Hitachi Foundation, based inWashington, D.C. In 2011, Hitachiawarded five $40,000 grants to so-cially minded entrepreneurs focusedon eradicating poverty in the U.S.

The downside of such contests isthat they can require a lot of prepa-ration time, and not everyone wins.But for entrepreneurs with intrigu-ing business concepts—and the

ability to get judges excited aboutthem—a victory can jump-start abusiness and offer a prestigious im-primatur for their marketing efforts.

Take Benita Singh and SummerRayne Oakes. While working asconsultants to apparel brands look-ing to source fabrics in a more envi-ronmentally friendly way, the twowomen saw a need to link small sup-pliers to buyers. In 2009, they co-founded Source4Style, an onlinemarketplace that enables fashion de-

signers and sourcing officers at ap-parel brands to search for and buysustainable material from more than40 suppliers around the world.

Startup advances technology

After recently winning a $20,000grant from the Cartier Women’sInitiative Awards,the entrepreneursare receiving coaching and access tointernational networks and consult-ing from McKinsey & Co.

“We believe in the spirit of so-

cially driven enterprise,” said FrejaDay, project leader of the awards.

Source4Style is now about tolaunch its 2.0 technology:a member-ship-model website promoting morethan 1,600 different textiles. Thefirm hopes to generate $500,000 inrevenues in 2012—and, with its re-cent award as a calling card, to attractfinancial backing. “We’re taking thatshow of support to investors who ap-preciate the rigor of the process,”Ms.Singh said. n

Corporate backersare eager to alignwith social ventures

Contests fund mission-driven firms


To sign up for Crain’sSMALL BUSINESS newsletter, go to www.crainsnewyork.com/smallbiz.

SEED CAPITAL: Runa’s prize money ishelping Dan MacCombie grow his startup.

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S M A L L B U S I N E S S


Stephen Berger is one of those rare people withthe gumption to tell the emperor he’s wearingno clothes and the expertise to design him anew outfit. He does this in the crucial area ofhealth care, where New York wastes anunconscionable amount of money and in manyplaces achieves poor results.

Mr. Berger, best known for leading a state commissionthat in 2006 called for shuttering hospitals to cut theoversupply of beds, unveiled further recommendations lastweek for the state’s troubled institutions. His report calls forrestructuring the hospitals before bad management andgovernment cuts do the deed far more brutally.

The 88-page analysis argues a reckoning is inevitable forinstitutions with weak balance sheets because the Medicareand Medicaid gravy trains are finally being slowed byWashington and Albany. Ailing hospitals across the statewill not be able to survive without fundamental reforms tothe way they are managed and paid.

Mr. Berger’s report focuses on six sickly Brooklynhospitals and says its prescriptions for them could be appliedto similar facilities across the state. It advises:�Coordinating care, rather than letting patients bounce

from doctor to doctor, running up costs and gettingconflicting or duplicative treatment.� Expanding community-based and primary care to

improve public health and reduce expensive emergencyroom visits and hospitalizations.�Reducing the number of hospital beds because they

increase hospitals’ overhead and prompt them to admitpatients unnecessarily.� Paying medical providers for performance, not volume.Health care is the state’s top expense and its greatest

opportunity for savings, given the high rates of preventable

hospitalization and the enormous cost of treating chronicbut preventable conditions like Type 2 diabetes. In Brooklyn,46% of emergency room patients who aren’t admitted don’thave true emergencies or could be treated by primary caredoctors at far lower expense.

The solutions are staring New York in the face, but anunsustainable status quo persists at local hospitals run likefiefdoms by well-paid administrators. Some institutionshave managed to gorge themselves on taxpayer dollars whileburying themselves in debt, with the apparent strategy ofoutlasting their competitors. Others have stabilized

themselves but lackbusiness plans toremain viable when theMedicare and Medicaidspigots are tightened.

The allegedwatchdogs of theseinstitutions are theirvolunteer boardmembers, who typicallyhave little experience in

health care and are obsequious before the administratorsthey’re supposed to be directing. Mr. Berger’s answer is forthe state Department of Health to replace inept or profligateoperators and boards. If this seems like an overreach ofgovernment into the private sector, consider who is payingcommunity hospitals’ bills: taxpayers.

Restructuring many of these institutions will requiregrants from the state.The Berger report insists that rescueplans be revenue-neutral.That is, they would pay for reformsthat later recoup the state’s investment. Given the untoldbillions of dollars being squandered, that should be an easystandard to reach.

How to save ailing hospitals

Budget cuts andbad managementrequire majorreform

V I E W P O I N T


CARRIAGES FOE: NO, MICHAEL GROSS,I AM NOT AFTER THEIR REAL ESTATE

People may have issues with my opposition tothe carriage-horse industry, but I am disturbedby columnist Michael Gross’ personal attack(“Let’s talk horse sense,” Nov. 28).

If he had attempted to contact me beforewriting his column, I would have told him this:I live on Central Park West. I am a horse ownerand have rescued a carriage horse.The ASPCAwould not have partnered with me if it knewmy goal was to acquire the carriage-horseindustry’s West Side real estate. And the fact is,I have no interest in acquiring that real estate.

—stephen w. nislickChief executive

Edison Properties

IRA, WE HARDLY KNOW YE

An acquaintance of controversial billionaire IraRennert describes him as “a nice guy” and“religious” (“Inside Ira Rennert’s dirtiestbusiness,” Nov. 28). Based on Mr. Rennert’svery ostentatious lifestyle and his apparentacceptance of polluting the environment inother people’s backyards in the pursuit of profit,

he had better hope that the Old Testament’sadmonition about not putting Mammon beforeGod has been revoked for “nice guys” like him.

—dennis middlebrooks

ZUCCOTTI PARK, MELTING IN THE DARK

Crain’s is able to set aside the manner in whichMayor Bloomberg and the NYPD clearedZuccotti Park (Editorial, Nov. 21). I can’t.

Not only was the raid conducted “in themiddle of the night,” as you stated, but withparamilitary weapons and tactics, and withoutrespect for the right of the press or the public tobear witness to the use of overwhelming forceagainst unarmed citizens.

You praise the mayor for “taking responsi-bility” for his act of aggression.Taking realresponsibility would have meant getting a courtorder for it, or at least conducting the raid indaylight in full view of concerned citizens.

—helen zuman

From the horse’s mouthCOMMENTSCRAIN’S ONLINE POLL

SHOULD HOMELESSPEOPLE HAVE TO PROVETO SHELTERS THEY HAVENOWHERE ELSE TO GO?Date of poll: Nov. 29

285 votes

For this week’s questions: Go to www.crainsnewyork.com/poll to have your say.

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Yes.“Shelters

should be therefuge of last

resort, notthe first.”

32%

68%

No. “It’s crueland punitive.And how do youprove you arefriendless?”

.

.

CRAIN’S WELCOMES SUBMISSIONS to its opinion

pages. Send letters to [email protected].

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name, company, address and telephone number.

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O P I N I O N

ing the No.7 tunnel to Hoboken Ter-minal.Hoboken can’t solve Amtrak’scongestion issues at Penn Station di-rectly, but it can serve NJ Transitmuch better than Secaucus can.

There are three important rea-sons to consider Hoboken over Se-caucus. First, extending the No. 7 toSecaucus would take 21,000 feet ofconstruction, while Hoboken Ter-minal sits only 9,000 feet away,which would incur billions less inconstruction costs.

Second, Hoboken Terminal is ahuge facility with plenty of spare ca-pacity.It sits on 50 acres,has 17 plat-form tracks and is used by only32,000 passengers a day. By com-

parison, New York’s Penn Stationsits on two blocks, has 21 tracks andis used by over 500,000 passengers aday. It has no spare capacity.

Third, the original ARC projectwas designed to double NJ Transit’s

rail ridership—Secaucus is not capa-ble of accomplishing this withoutmajor track changes.Only two trackslead into Secaucus from Newark,which is why it is a major choke pointon the Northeast Corridor.

Mr. Bloomberg’s initial responseto the canceled ARC project wouldwork brilliantly in Manhattan be-cause it uses spare capacity on the No.7 to avoid building a station underMacy’s.By the same token,Hobokenhas spare terminal and track capacityand is much closer to the 7 than Se-caucus. Marrying Hoboken Termi-nal and the 7 would cost half as muchas the other projects, or less.

NJ Transit’s ARC project was tocost $11 billion to $14 billion,which Gov. Chris Christie said wastoo much. Amtrak’s Gateway proj-ect would build two tunnels and ex-pand Penn Station south and is es-timated at $13 billion-plus. But itwould not satisfy NJ Transit’s futureridership growth—more of theservice would focus on intercitytravel. Mr. Bloomberg’s plan to ex-tend the 7 to Secaucus is expectedto come in at just under $10 billion,but would not achieve the goal ofdoubling NJ Transit rail capacity.

When Mr. Christie canceledARC last year, he made a commit-ment to consider more reasonablesolutions to meet NJ Transit’s goals.Hoboken Terminal is a prize wait-ing to be discovered.

Bob Previdi is a former planner andspokesman for New York City Transit.

BY BOB PREVIDI

It is easy to see how the public can be confused aboutwhich Hudson River tunnel project to support. Threeproposals have been debated: Access to the Region’sCore, which was canceled; Amtrak’s Gateway project,which is seeking funding from congress; and extending

the No. 7 subway to Secaucus, which has recently been studiedin more detail by Mayor Michael Bloomberg.

But there’s a fourth option that has been overlooked: extend-

Hoboken: lightat end of tunnel

review of the tax code,although he says he willsupport only changesthat would increase jobsand that he will consultwith economists on howto do that. Here are thekey questions.How can the state revise the

code to increase jobs?

This is an easy one.Raising taxes and in-creasing governmentspending will increasethe number of public-sector jobs.

A hike in taxes will not increase—and will probably decrease—private-sector jobs. As the governor says allthe time, New York’s dubious honorof having one of the top three stateand local tax burdens drives individ-uals and businesses elsewhere. It isn’t

much comfort that theother two high-taxstates are Connecticutand New Jersey, as a re-cent interview by TimeWarner CEO JeffreyBewkes shows so clear-ly.He is looking to movejobs from New York toplaces like Florida,where taxes are not go-ing up and companiesreceive incentives to re-locate.What exactly is the gover-

nor’s strategy?

The governor’s willingness toconsider higher taxes was news be-cause it seemed to represent an about-face. Instead, say political insiders,consider it another sign of Mr. Cuo-mo’s adept political maneuvering.He’s now in control of the discussion

again, and he has effectively punc-tured the millionaire’s tax balloon.Sounds like this makes a lot of sense,

right?

Maybe. While the governor hasregained the initiative,any time a re-former like Mr. Cuomo admitsthere is a need for new revenues, itlessens the pressure on the unionsand other big spenders to rein inNew York’s off-the-charts spendingand public employee salaries andbenefits.How can one evaluate the governor’s tax

code changes?

The answer to this question canbe found by looking beyond the taxissue to spending. The first Cuomobudget increased spending by 1.9%,a very low figure for New York. Ifnext year’s budget grows by aboutthe same amount, fiscal disciplineremains in force. If the hike is clos-er to 5%, the governor has aban-doned his principles.Can a tax increase be paired with long-

term reforms?

Another maybe. Soaring pen-sion costs are a major threat to thefiscal health of the state and the city.A modest increase in taxes in returnfor major reductions in pensionsand health care benefits for retireesmight be a deal worth making. Andwhile Mr. Cuomo is at it, a long-term financial fix for the MTAmight be worthwhile, too.

Last week, business leaders werestill sticking with the governor, con-vinced that he hasn’t abandoned thetenets that have made him a hero tomost of them. Let’s hope their con-fidence is not misplaced.

The battle is on to raise taxes in New York.The po-litical drumbeat to reinstate the millionaire’s tax,which has been given a big boost by Occupy WallStreet’s attacks on the rich,has undercut Gov.An-drew Cuomo’s “Government is the problem”

mantra. Beyond the political pressures, the governor needs tofigure out how to close a budget deficit for next year that hasgrown to more than $2 billion. The governor has launched a

Is guv’s tax reform betrayal of allies?

GREGDAVID

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Staten Island, NY 10314

Bus: 718-447-3900

www.michaeltharianagency.net

Deborah A Valentine Agcy IncDebbie Valentine

1667 Richmond Road


Bus: 718-987-6363

Eric Safarian3982 Amboy Road


Bus: 718-227-1500

www.ericsafarian.com

Rodney Shannon1950 Fulton Street

Brooklyn, NY 11233

Bus: 718-221-2900

www.rodneyshannon.com

Gus Simeon1559 Ralph Avenue

Brooklyn, NY 11236

Bus: 718-451-5800

www.gussimeon.com

Rob Perelmuter171 Avenue U

Brooklyn, NY 11223

Bus: 718-627-4500

www.robagency.com

Nereyda Perez9411 5th Avenue

Brooklyn, NY 11209

Bus: 718-238-4020

www.nereydaperez.com

Christine Relyea2791 Richmond Ave Ste 204


Bus: 718-698-5803

www.christinerelyea.com

Terry Monroe3135 Victory Boulevard


Bus: 718-761-4310

www.terrymonroe.biz

Kate Murray1707 Kings Highway

Brooklyn, NY 11229

Bus: 718-787-4500

www.katemurrayagency.com

Steven Pante2090 Hylan Boulevard


Bus: 718-987-6889

www.stevepante.com

John Garfinkel203 A Nassau Avenue

Brooklyn, NY 11222

Bus: 718-609-5600

www.johngarfinkel.com

Maureen Lavelle262 Arden Avenue


Bus: 718-948-4111

www.maureenlavelle.com

Brian Levitt704 5th Avenue

Brooklyn, NY 11215

Bus: 718-768-7500

www.weinsurenewyork.com

Sharon Crescitelli Agcy IncSharon Crescitelli

7304 13th Avenue

Brooklyn, NY 11228

Bus: 718-331-4500

Susan B DeSimone Agcy IncSusan DeSimone

2077 Flatbush Avenue

Brooklyn, NY 11234

Bus: 718-377-0483

Christopher Foster625 Church Avenue

Brooklyn, NY 11218

Bus: 718-633-2886

www.insuremechris.com

Steve Bernstein Agcy IncSteve Bernstein

1301 Coney Island Avenue

Brooklyn, NY 11230

Bus: 718-692-2500

Larissa Buerano1228 Forest Ave


Bus: 718-727-1000

www.larissabuerano.com

Mark Butler658 Grand Street

Brooklyn, NY 11211

Bus: 718-388-3892

www.markbutleragency.com

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C R A I N ’ S N E W YO R K B U S I N E S S

TAKING THE 7 TO NJ


Apair of deals has beensigned for a total of35,500 square feet ofoffice space at 88 Pine

St., a white aluminum-clad 32-story tower designed by thearchitecture firm of Pritzker Archi-tecture Prize winner I.M. Pei.

Law firm Marshall DennehyWarner Coleman & Goggin re-newed its lease for roughly 13,800square feet and tacked on about3,700 square feet at the building,be-

tween Water and Frontstreets.The asking rent forthe acreage,which takes upnearly 84% of the 21stfloor, was $42 a squarefoot.

The firm needed morespace because it is consoli-dating employees from anoffice nearby at 140Broadway, according to its CBREGroup Inc. broker, Ken Rapp, whoworked with colleague Patrick

Dugan on the deal.Mr. Rapp said the firm

looked at other spaces butwas committed to stayingdowntown, and reallyliked the building and itslocation.

Meanwhile, sourcessaid construction compa-ny Gilbane Building Co.

inked a deal for about 18,000 squarefeet in the building.The asking rentfor the deal,which covers about 84%

of the 27th floor, was $43 a squarefoot.The company is slated to movefrom its current home at 2 Rector St.next month. Gilbane’s brokers,Richard Levine and Michael Rizzoof CBRE, declined to comment.

Cushman & Wakefield Inc. bro-kers Frank Centro and Robert Con-stable, who represented the proper-ty’s owner, Orient OverseasContainer Line Ltd., also declinedcomment.

—theresa agovino

French outfit bags outpostLuxury handbag purveyor PerrinParis 1893 is making its New Yorkdebut.The Paris-based company re-cently signed a five-year lease foraround 550 square feet at 987 Madi-

son Ave.The asking rent for the spaceon the block occupied by the CarlyleHotel was $1,060 a square foot.

The new store will be accessibleboth from the street and from with-in the hotel.The 118-year-old retail-er plans to openin the first quar-ter of next year.

“It’s small,but it’s a greatlocation for usto have a foot inNew York,” saidowner MichelPerrin.

Mr. Perrinwas represented by Faith HopeConsolo and Joseph Aquino of Pru-dential Douglas Elliman. Both bro-kers noted that the internationalclientele visiting the Carlyle Hotelwill provide an instant customerbase for the handbag company,whose ostrich-leather purses sell fornearly $3,000.

Landlord Rosewood HotelsCorp. was represented by StuartEllman of Judson Realty.

—adrianne pasquarelli

Copy this: Price is rightXerox Corp. inked a five-year deal at250 W. 57th St. with W&H Proper-ties. The company will occupy a2,000-square-foot office beginninglater this month.

The group of technicians andoperations staffers for Connecticut-based Xerox is currently housed at245 Park Ave. At an asking rent of$54 per square foot, the new spaceoffers a good alternative,price-wise.

“It’s a small deal, but small dealslead to big deals,” said Fred Posniak,senior vice president of W&HProperties.

About 18 months ago, 250 W.57th St. underwent an $82 millionupgrade. The 536,000-square-footbuilding is about 88% leased.

Douglas Neye and Bill Pickrell ofJones Lang LaSalle represented Xe-rox.Mitchell Arkin and Haley Kleinof Cushman & Wakefield Inc. bro-kered the deal for W&H Properties.

—rebecca olles


R E A L E S T A T E D E A L S

Lawyer, builder take shine to Pine

2007 2008 2009 2010 2011*

$875

LONG ROAD BACK

Avg. price psf paid to buy midtown

Class A space.

$941

$335

$581$652

*First three quarters.Source: Cushman & Wakefield Capital

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INSIDE

#2 Mr Youth

#3 Conductor Inc.

#4 Hunton & Williams

#5 interclick inc.

#6 NetApp

#7 Text 100

#8 RightsFlow

#9 Bingham McCutchen

#10 ZocDoc

#11 RAND Engineering & Architecture

#12 360i

#13 Bluewolf

#14 Tarter Krinsky & Drogin

#15 Undertone

#16 Bonobos

#17 Grassi & Co.

#18 Shared Technologies Inc.

#19 Firstborn

#20 Myriad Supply

#21 Signature Bank

#22 Eze Castle Integration

#23 Aerotek Inc.

#24 Animoto

#25 Silverstein Properties Inc.

#26 ID Media

#27 Studley Inc.

#28 Vibrant Media Inc.

#29 GolinHarris

#30 Frankfurt Kurnit Klein & Selz

#31 New York Cares

#32 National Futures Association

#33 Village Pourhouse – East Village

#34 Goodwin Procter

#35 Gibbons

#36 Hachette Book Group

#37 Insperity

#38 Telx

#39 Kimpton Hotels & Restaurants

#40 appssavvy

#41 Rothstein Kass

#42 SourceOne Inc.

#43 Alston + Bird

#44 Friedman

#45 Situation Interactive

#46 Linedata

#47 Wiss & Co.

#48 The Execu|Search Group

#49 Marcum

#50 Anchin Block & Anchin

IN THE WORLD OF SPORTS, winning isn’t everything; it’s the only thing. And while landing on Crain’s listof the 50 Best Places to Work in New York City rightfully means a great deal to the winners, they’ve wontheir top spots not because of ruthlessness or arrogance but because of a steadfast commitment to treatingemployees with dignity and respect.They’ve also gone to tremendous lengths to imbue the workplace withwarmth and a sense of fun. ¶ From one year to the next, companies move up, down, on and off the chart.And this year’s fourth annual list of Best Places to Work is no different, with one notable exception:Thequality of winners—and even those that missed the cut—was stronger than ever, thanks, in part, to a slowlyrecovering economy driving more companies to court and keep talented and dedicated employees.The poolof surveyed firms was so competitive that about 20 nonwinners would have landed on the list in previousyears. ¶ This year,The North Highland Company, a large management consulting firm, captured the topspot. A first-time Crain’s Best Place to Work winner, North Highland grants a

ON THE WEB VIEW GALLERIES OF CURRENT AND PAST WINNERS AT CRAINSNEWYORK.COM/BESTPLACES

bu

ck

en

nis


Management Consulting

www.northhighland.com

@NHighlandGLOBAL

NYC employees 40

U.S. employees 900

2010/2009 revenues

(millions) $200/$150

Average salary n/d

Voluntary turnover 0%

Layoffs 0%

New positions 9

Paid holidays 8

Time off 271

Health care premiums

80%

A DEEP-ROOTED COMMITMENT

to employee autonomysets the tone at TheNorth HighlandCompany—and lifts themanagement consultingfirm to the top of Crain’s

50 Best Places to Work inNew York City. Employees

not only own a stake in thecompany, thanks to an employee

stock ownership plan, but they are also in control oftheir everyday working lives.They set their ownschedules and travel plans.

For example, they are free to opt out of clientassignments that require driving more than 90minutes or staying overnight in a hotel. With 900employees stretched across 20 offices in the U.S., theAtlanta-headquartered firm doesn’t fret aboutfinding another worker to handle the account.

Employee ownership “is entrepreneurial and en-

ergizes us to go the extra mile,” said Robert Hogan,the vice president who heads the New York office.

And for travel-loving workers, there are plenty ofattractive opportunities to pursue that passion—onshort- and long-term assignments. They can do 12-to 24-month stints at one of the firm’s 28 officesoverseas, in Europe, Asia, Australia and the MiddleEast.

Employees can also dictate how much they wantto work—whether it’s part-time or overtime, whichcan amount to as much as 30% over the firm’sstandard 50-hour week. Of course, theircompensation is adjusted accordingly.

In addition, the firm allows unpaid sabbaticals ofup to six months, regardless of the number of yearsindividuals have logged in at the firm—as long as theydon’t spend their extended break at another company.

“You’re able to own your life,” said Sunil Trivedi, aManhattan-based consultant specializing in saleseffectiveness and change management.

#1

THE NORTH HIGHLAND COMPANY

See #2 MR YOUTH on Page 16

See BEST PLACES on Page 14

Tuitionreimbursement

Time off forcommunityservice

Telecommuteoption

Greenpractices

1-Employees are entitled to 27 paid days off each year,

starting from the first day of employment.



R E P O R T

wide swath of autonomy to its workers,who notonly have an ownership stake in the companybut also can dictate their own work and travelschedules.

“You’re able to own your life,” said SunilTrivedi, a Manhattan-based consultant spe-cializing in sales effectiveness and changemanagement.

There’s no secret formula for making thelist. The 50 Best Places to Work, which wereranked according to a statistical analysis ofemployee surveys and company benefits, allreceived high marks for a collegial atmos-phere,challenging work,advancement oppor-tunities and a myriad of perks and benefits.

Even though the top 50 share a commit-ment to fostering employee satisfaction, theyare a diverse bunch. They employ anywherefrom 25 to more than 500 workers in NewYork, and they’re headquartered not just in

the city but as far away as Seattle. They alsospan more than a dozen industries,with tech-nology,public relations, advertising, account-ing and law firms enjoying a particularlystrong presence in the rankings.

Last but certainly not least, the top 50 em-ployers include 10 firms that have landed an-nually on the esteemed list since its inceptionin 2008. These four-time winners are Alston+ Bird, Bingham McCutchen, Friedman,Hunton & Williams, ID Media, KimptonHotels & Restaurants, RAND Engineering& Architecture, Silverstein Properties Inc.,Studley Inc. and Undertone.

That kind of staying power requires “au-thenticity,” said Lynn Fantom, CEO of IDMedia, this year’s BPW No.26.“As a businessleader, you really have to believe that yourpeople are the key drivers to your businesssuccess, because if you aren’t authentic in thatcore belief, you won’t be able to consistentlymaintain all those recognition and communi-cations programs that are necessary to beinga great place to work.”

—cara s. trager

BY JUDITH MESSINA

In 2008,as the economy was sinking,manage-ment at Marcum came to an unavoidable con-clusion: It needed to freeze pay and eliminatebonuses. The accounting profession was reel-ing from a shrinking workload, with clientsbringing their growth plans to a screechingstop or, in the most severe cases, going bust.The upshot was that many accountants wereout on the street, looking for jobs.

Three years later, accounting firms are ona hiring binge,as the recovering economy stirsup more business and a tough regulatory en-vironment prods corporate clients to focusmore closely on compliance issues that requireaccountants’ expertise.

The hiring activity has sharpened competi-tion for talent, and Marcum, No. 49 on Crain’s

2011 Best Places to Work list,once again start-ed giving out raises and bonuses in 2009.Its to-tal compensation, said Jeffrey Weiner, NewYork City managing partner, has increasedabout 10% to 15% over2008’s levels.

“We have had to be morecompetitive than [we were]two years ago,” said Mr.Weiner.

As the economy gradual-ly improves, albeit at a slug-gish pace, many BPW win-ners are focused on goingthe extra mile to recruit andretain top-notch talent. In-variably, that means makingsure their compensation andhealth care benefit packages are competitive,while increasing their arsenal of cash and non-cash perks. Typically, they’re using moderatesalary increases and incentive pay, limitingtheir largesse to positions where there is thestrongest demand for specialized talent, suchas in the accounting and technology fields.

Tricky balancing act

Companies are “going to put the moneywhere the need for talent is,” said StephenMork, a principal in Buck Consultants’ glob-al compensation and benefits practice.

It can be a tricky balancing act. About athird of BPW companies are responding toskyrocketing health insurance costs by offer-ing a high-deductible plan as an option, forexample. But in many instances, these com-panies are also providing a generous—andeven quirky—array of health care benefits,such as pet health insurance, as well as long-term care, wellness programs and health ad-vocacy services.

“We’ve had a double-digit increase eachyear in [medical premiums], but we’ve triednot to reduce benefits,” said Mr. Weiner. “Ifyou give people a raise and then take it awayby reducing benefits, you haven’t accom-plished anything.” Marcum is among 46

BPW winners that pick up at least 50% of em-ployees’ medical premiums.

The resurgent demand for accountingservices has led Wiss & Co.,BPW No.47,notonly to give higher raises to staffers but also tobegin paying for a CPA review course for newaccountants and to increase its bonus for pass-ing the exam to $2,000 from $500.

“We looked at what our competitors aredoing and had to do what is best for ourstaff,” said Lisa Calick, Wiss’ director of hu-man resources.

Going to great lengths

And with the city’s Silicon Alley burgeon-ing and the importance of technology in thecorporate world continuing to grow, manyBPW winners in the tech sector are going togreat lengths to court and keep skilled em-ployees who can help them sustain their rap-id growth.

“The market is brutally hot,” said GreggGrossman, president of Manhattan-basedVantage Point Associates, a recruiter foremerging technology companies. “Compa-nies can’t find enough people.”

Myriad Supply, BPW No. 20, which buys,sells, leases and rents pre-owned telecommuni-cations equipment and requires a deep benchof engineers, is among the best places that

gave out raises even duringthe recession. The firm re-wards its tech professionalsand non-sales employeeswith annual salary increasesthat typically range from5% to 10%—and even morefor job performance thatgoes above and beyond thecall of duty.

Additionally, CEO andfounder Andrew Fisher thisyear started sharing thefirm’s financial results with

employees, as well as soliciting their sugges-tions for improving the company. Now, ifMyriad Supply beats its quarterly net incomegoal, everyone gets a bonus.

“We’ve moved beyond the discretionarybonus,”said Mr.Fisher.Employees “know ex-actly what they can earn and what they haveto do to get there.”

Conductor Inc., BPW No. 3, bumped upthe salaries of its engineers this year, and co-founder and CEO Seth Besmertnik has be-gun distributing some of his personal foundershares—which can increase in value as thefirm prospers or if it goes public or is sold—toemployees who have been with the companya year. He plans to continue the practice fornew workers, too.

Another tech company, Undertone, BPWNo. 15, is spending more on perks, includingyoga classes, in-office massages and specialprograms, such as a session with a private chefwho taught employees how to make veggiesushi rolls. In addition, Undertone has raisedstarting salaries and regularly hands out on-the-spot bonuses.

“We reward based on talent,” said CEOMichael Cassidy. “We try to support peoplealong the way when they are doing a particu-larly good job.” n

Best Places

Hiring is on the upswing at firms seeking specializedskills to sustain their growth

Financialrewards forperformanceabound

Retaining talent withbonuses, perks, more

How Crain’s

found the BestPlaces to Work

To identify the Best Places to Work,Crain’s partnered with Best CompaniesGroup, an independent research firm,which conducted 12,494 surveys ofemployees in New York City.

To be eligible, businesses had toemploy 25 or more workers in the

city. Scores from employees, who answered aconfidential 72-question survey, were combined withscores from an 80-question survey of employers.Questions focused on everything from benefits andpolicies to opportunities for advancement and corporateculture. Results from the employee surveys made up75% of the total score; results from the employersurveys made up 25%.

Cara S.Trager served as the contributing editor ofthis section, which was written by Theresa Agovino,Barbara Benson, Ylonda Gault Caviness, HillaryChura, Aaron Elstein, Lisa Fickenscher, MatthewFlamm, Amanda Fung, Steve Garmhausen, FranHawthorne, Shane Dixon Kavanaugh, Daniel Massey,Judith Messina, Rebecca Olles, Adrianne Pasquarelli,Elaine Pofeldt, Emily Sachar, Jeremy Smerd, MiriamKreinin Souccar and Tina Traster.

Continued from Page 13

INITIATIVES & PERKS KEY

BEST PLACES TO WORK FOOTNOTESn/d: not disclosed. Average salary: average annual salary for exempt employees in the mostrecently completed fiscal year. New positions: full-time, hourly or salaried positions createdin the last fiscal year. Voluntary turnover: rate of voluntary departures in the last fiscal year.Layoffs: rate of involuntary departures in the last fiscal year. Time off: vacation, sick,personal and PTO (personal time off) days after one year of employment. Health carepremiums: proportion of employees’ medical premiums paid by employer.

1-Employees are entitled to 27 paid days off each year, starting from the first day ofemployment. 2-Fiscal year ends March 31. 3-Figure is for fiscal 2010. 4-Figure is for fiscal2009. 5-As of Oct. 4, 2011. 6-Firm has 310 employees in New York City, but ranking pertainsonly to downtown location. 7-North America region only.

illu

st

rat

ion

s:d

an

ielle m

cm

an

us

Greeninitiatives

On-site fitness/wellness programs

On-sitemeals/snacks

Telecommuteoption

Time off for community service

Tuition reimbursement


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CN014772 11/11/11 3:20 PM Page 1

#4HUNTON & WILLIAMSLaw

www.hunton.com

@hunton_privacy

NYC employees 114

U.S. employees 1,630

2011/2010 revenues

(millions) $6002/$615

2

Average salary $204,230

Voluntary turnover 24.2%

Layoffs 0%

New positions 21

Paid holidays 13

Time off 21


75% to 99%

AFTER EVERY executive committeemeeting, Lisa Sotto, Hunton &Williams’ New York City managingpartner, updates all employees on thefinances of the Richmond, Va.-headquartered law firm. Theorganization’s transparency is part of itsopen communications policy, whichincludes focus groups, monthly staffmeetings and a “sounding board”committee charged with seeking outemployees’ ideas and feedback—whichhave resulted in benefits like freeMetroCards and a healthy-livingprogram.

“We’re a democracy,” said Ms. Sotto.“We make sure we’re listening andresponding.”

#3CONDUCTOR INC.Technology

www.conductor.com

@conductor

NYC employees 52

U.S. employees 52

2010/2009 revenues

(millions) $15/$10



Layoffs 0%

New positions 23

Paid holidays 11

Time off 46


75% to 99%

RECENTLY PROMOTED to team manager,Maria Bradley says that her new titlestill doesn’t describe what she does atConductor Inc., a 5-year-old searchengine optimization technologycompany. “It’s very collaborative here,”said Ms. Bradley, who joined the firmtwo years ago as strategic accountdirector. “I do a lot of things that don’tnecessarily fall into my role.”

That cooperative spirit amongemployees is fostered by an open floorplan, a dress code so casual workers wearshorts in the summer, weekly all-company gatherings—and the ringingof a giant gong whenever a deal isclosed. The aim, said CEO and co-founder Seth Besmertnik, is “a culturewhere people feel part of somethingthat’s more than a job.”


R E P O R T

#2MR YOUTHAdvertising/Public

Relations/Marketing

www.mryouth.com; @mryouth

NYC employees 130

U.S. employees 130

2010/2009 revenues

(millions) $20/$17

Average salary n/d


Layoffs 0%

New positions 40

Paid holidays 10

Time off 365

Health care premiums 100%

MR YOUTH encourages employees to getsome balance in their lives. Besidesallowing its 140 employees to take asmuch time off as they want, the 9-year-old social media marketing firm recentlybegan footing the bill for their personalhealth and wellness programs, which caninclude everything from rock-climbingclasses to guitar lessons. “Work-lifebalance is something we think aboutmore than salaries,” said Chief OperatingOfficer Dan LaFontaine. “People whowork longer hours are not necessarilybetter employees. Creative people needtime to clear their heads.”

The company’s culture hasn’t onlyscored big with employees but apparentlywith LBi International, too; it acquiredMr Youth three weeks ago for about $50million.

50companieshave greencompaniescompanies

initiatives,such as aneco-friendlyworkplaceeco-friendlyeco-friendly

and recycledworkplaceworkplace

productsrecycledrecycled

INTERCLICK INC. Online Media

www.interclick.com

@interclick

NYC employees 75

U.S. employees 131

2010/2009 revenues

(millions) $101.4/$55



Layoffs 6%

New positions 36

Paid holidays Unlimited

Time off Unlimited


FOR EMPLOYEES at interclick inc., theattraction isn’t just about working withdiverse marquee clients such as Verizon,McDonald’s and Ford, or using thefirm’s leading-edge proprietarytechnology to help them identifycustomers online. It’s also about beingpart of a fast-growing, 5-year-oldpublicly held digital marketing firm thathas retained its strong entrepreneurialspirit. Projects are innovative, and noone is micromanaged. “We create anenvironment in which people domeaningful work and are autonomous,”said CEO Michael Katz.

#6 NETAPP IT Infrastructure

www.netapp.com/us

@NetApp

NYC employees 126


2010/2009 revenues

(billions) $3.93/$3.5

4


Voluntary turnover 8%5

Layoffs 0%

New positions 44

Paid holidays 10

Time off 29


75% to 99%

WHEN NETAPP’S EMPLOYEES decided tosupport a children’s cancer charity, 70workers shaved their heads in solidarity,then emailed their photos to family andfriends and raised nearly $311,000.Thatkind of teamwork characterizes this fast-growing,worldwide and publicly held firm.

It is so well-known for its collegialatmosphere that Rob Salmon, itsexecutive vice president, has shared itsformula for cohesiveness at such far-flungplaces as Stanford University and theSkolkovo Moscow School ofManagement. At the heart of its teamspirit is “a culture of open communicationand transparency,” said Bill Hogan, vicepresident of enterprise sales. Rather thanhuddle behind closed doors, for instance,its senior management team streams itstop-level gatherings live to the desks ofthe entire workforce.

#7TEXT 100Public Relations

www.text100.com

@text100

NYC employees 44

U.S. employees 113

2010/2009 revenues

n/d

Average salary n/d


Layoffs 6%

New positions 18

Paid holidays 8

Time off 39


FOUR YEARS AGO, Nicole Fachet got thegreen light to expand Text 100’s publicrelations services to clean-energycompanies. Today, the firm, which catersto tech clients such as IBM, serves fourclean-energy companies, including onewith multibillion-dollar revenues. “It’sthat kind of empowerment that reallyencourages people to take risks,” said Ms.Fachet, an eight-year veteran of theLondon-based firm and vice president/managing consultant of its New York office.

Text 100 goes out of its way to makeworkers—regardless of their experienceor seniority—feel comfortable abouttaking initiative, said CEO AedhmarHynes. In its open-plan office inManhattan, senior employees sit next tojunior staffers to promote easy dialogue;entry-level personnel with great ideasparticipate in meetings with large clients.

#8RIGHTSFLOW Licensing

www.rightsflow.com

@RightsFlow

NYC employees 25

U.S. employees 27

2010/2009 revenues

(millions) $5.5/$2



Layoffs 0%

New positions 9

Paid holidays 10

Time off 20


75% to 99%

RIGHTSFLOW, which assists its creativeclients with royalties and licensing,doesn’t have dead-end jobs. In 2009, forexample, Courtney Howard joined theManhattan firm as licensing coordinatorand has since gotten two promotions,most recently to manager of licensing. “Ifsomeone is willing to get their handsdirty and get a lot of work done, there aredefinitely rewards,” said Ms. Howard.

And thanks to his innovative idea,not only was an intern hired as a full-time employee, but his suggestion ledthe firm to build an online tool thatsimplifies the process of copyrightregistration for songs and other creativeproducts. “The interns don’t make thecoffee here,” said CEO Patrick Sullivan.“RightsFlow makes the coffee for the interns.”

#9BINGHAM McCUTCHENLaw

www.bingham.com

@BinghamLaw

NYC employees 305


2010/2009 revenues




Layoffs 1.4%

New positions 21

Paid holidays 12

Time off 23


75% to 99%

BINGHAM McCUTCHEN is about everyoneworking together. “You don’t feel thehierarchy in this company,” said JessicaDillon, who joined the Boston-headquartered firm last May as a seniorparalegal. “We’re all working as a team.”

The law firm creates thatcollaborative spirit in many ways,including, for example, providingopportunities for associates to work notonly with one another in a variety ofpractice areas, but also with differentpartners. “We make sure we keep an eyeon the ball with simple things—communication, respect, and makingsure people are informed and involved,”said Robert M. Dombroff, managingpartner of Bingham’s New York office.

42companiesgive theircompaniescompanies

employeesgive give

the option toemployeesemployees

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expand into next and why. Send your report

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CN014806 11/29/11 1:05 PM Page 1

#15UNDERTONEDigital Advertising

www.undertone.com

@undertone101

NYC employees 128

U.S. employees 164

2010/2009 revenues n/d

Average salary n/d


Layoffs 0%

New positions 65

Paid holidays 15

Time off 19


AT UNDERTONE, a decade-old digitaladvertising firm, Alex Vlasto was blownaway by the thoroughness of the jobinterview process and then the highlyorganized training and induction heexperienced. “I’ve worked for severalcompanies, but I’ve never seen one thatpays so much attention to its humanresources,” said Mr. Vlasto, who joinedthe firm four months ago as vicepresident of marketing.

Undertone’s HR professionals—whose backgrounds range fromorganizational development tomanagement—provide employees withinformation on benefits, as well as focuson talent development, careeradvancement and succession planning.

“We’re a small company with a bigemphasis on human resources,” saidPresident Michael Cassidy. “It pays off.”

#12360iDigital Marketing

www.360i.com

@360i

NYC employees 163

U.S. employees 325




Layoffs 0%

New positions 54

Paid holidays 10

Time off 15 to 20 days


75% to 99%

DIGITAL MARKETING AGENCY 360i makesit possible for employees to keep pace ina dynamic industry. “If you’re notcomfortable with change, you can’tfunction in this environment,” saidCEO Bryan Wiener. The firm’s 360iUniversity offers employees training ineverything from search enginemarketing to storytelling. The fast-growing 13-year-old company recruitedMark Avnet, chair of the creative trackfor the advertising and marketinggraduate program at VirginiaCommonwealth University, as the in-house educational program’s dean.

And by offering beer on tap forinformal office celebrations and taking onvolunteer projects at Harlem Children’sZone, 360i fosters collegial relationshipsamong employees, so they feelcomfortable learning from one another.


#11 RAND ENGINEERING & ARCHITECTUREEngineering

www.randpc.com; @randpc

NYC employees 65

U.S. employees 65

2010/2009 revenues

(millions) About $7/about $7

Average salary n/d


Layoffs 4.6%

New positions 0

Paid holidays 11

Time off 16


75% to 99%

RAND ENGINEERING & ARCHITECTUREexudes a clubby feeling—literally.Employees can pursue their personalinterests after work at the monthlyHistorical Preservation Club and GreenTeam Club. And junior associates canparticipate in the Associates Club, atutoring and mentoring group thatprovides study support for engineeringand architecture examinations. Andwhere other companies would seenepotism, RAND sees an opportunity tocreate a warm familial atmosphere, withmany of its employees related to oneanother—as spouses, siblings andnephews.

“It’s a high level of camaraderie,” saidValerie Landriscina, a project associate.

R E P O R T

#10ZOCDOCHealth Care

www.zocdoc.com

@zocdoc

NYC employees 90

U.S. employees 160


Average salary n/d


Layoffs 0%

New positions 115


Time off Unlimited


IT’S NO ACCIDENT that ZocDoc hires lessthan 1% of its job applicants. The firm,which helps patients book medicalappointments online, limits its employeeroster to team players—and thenrewards them with innovative projectsand lots of perks to convey itsappreciation for their work andprofessionalism.

Employees are so motivated that thecompany doesn’t dictate the specificnumber of hours they need to work, andthey can take an unlimited number ofvacation days—without jeopardizingtheir salaries. And when they’re in theoffice, Friday evening happy hour and anon-site game room are among the manyways they can unwind.

#14TARTER KRINSKY & DROGINLaw

www.tarterkrinsky.com

NYC employees 71

U.S. employees 73


Average salary n/d


Layoffs 4.2%

New positions 10

Paid holidays 9

Time off 30


75% to 99%

TARTER KRINSKY & DROGIN givesemployees more than a little help ingetting ahead. Courtesy of the firm, itsfinancial controller has taken out-of-town management and training coursesto prepare for the CFO spot. And on-the-job training enabled a secretary toadvance to a paralegal and an assistantsecretary to work her way up the ladderto firm administrator, with responsibilityfor coordinating internal operations.

The company, said ManagingPartner Alan Tarter, is committed toproviding “a support network tohelp all of our professionals andemployees grow.”

BONOBOS E-Commerce

www.bonobos.com

@Bonobos

NYC employees 39

U.S. employees 40

2010/2009 revenues

(millions) $9/$4

Average salary n/d

Voluntary turnover n/d

Layoffs 0%

New positions 17

Paid holidays 11

Time off Unlimited


75% to 99%

SIX MONTHS AGO, when Web designerTrina Wittman joined Bonobos, anonline-only men’s apparel company, shelooked forward to having a voice in the4-year-old entrepreneurial firm. Shedidn’t anticipate that her involvementwould extend to speaking up at thecompany’s regular book club meetings.

“I’ve never been at a place where theyhave a book club,” she said

Besides hosting the club in theevenings, the firm gives each worker aKindle upon joining the company, and itpays for all the books. But the firm isn’tjust bookish. It also foots the tab forother types of activities, includingsemiformals, camping trips and frequentstaff outings to bars, barbecues andkaraoke events.

#17GRASSI & CO.Accounting

www.grassicpas.com

@grassicpas

NYC employees 25

U.S. employees 149


Average salary n/d


Layoffs 4%

New positions 5

Paid holidays 6

Time off 24


75% to 99%

LONG BEFORE ACCOUNTING MAJORSapply for positions at Grassi & Co., theyget to meet and mingle with the firm’spartners. And once they’re at Grassi, apersonal career coach—one of 20partners—nurtures their individualpaths, from intern to junior accountant,and from semi-senior accountant tomanager and, ultimately, to partner.Included in the mentoring are tips forworking with clients and managingstaff.

The 31-year-old firm also listens toemployees. Adopting an employee’ssuggestion, for example, Grassi isincreasing its contributions to the 401(k)retirement plans of workers who havebeen with the firm for more thana decade.

#18SHARED TECHNOLOGIES INC.Communications

www.sharedtechnologies.com

@SharedTec

NYC employees 95





Layoffs 6%

New positions 15

Paid holidays 11

Time off 18


75% to 99%

PROFESSIONAL DEVELOPMENT is a toppriority at Shared Technologies, aTexas-based subsidiary of the publiclytraded Arrow Electronics Inc.Employees can hone their tech skillswith online computer-based trainingand vendor-led seminars. And besidesproviding tuition reimbursement forM.B.A. and technical certificationprograms, the firm offers employeestime off for learning—withoutjeopardizing their vacation schedules.

“Education empowers ouremployees,” said Glenn Means,company president.

FIRSTBORNDigital Creative Agency

www.firstborn.com

@firstborn_nyc

NYC employees 65

U.S. employees 65

2010/2009 revenues

(millions) $13/$9



Layoffs 0%

New positions 19

Paid holidays 12

Time off 15


AT 14-YEAR-OLD FIRSTBORN, employeesdon’t need to move on to move up. Thedigital creative agency’s founder andCEO Michael Ferdman has madeindividual advancement a high priority.The firm recognizes hard work andcreativity with financial rewards andpromotions.

“It’s nice to know you can stay at onecompany where there’s room forgrowth,” said Creative Director AaronPollick, who joined the firm five yearsago as senior designer.

BLUEWOLFTechnology Consulting

www.bluewolf.com

@BluewolfUSA

NYC employees 100

U.S. employees 270




Layoffs 15%

New positions 150


Time off Unlimited


SOME EMPLOYERS FROWN on workerschatting with a prospective hire, fearingthat staff will bad-mouth the firm.That’s not a concern at Bluewolf, whereworkers praise the company for thefreedom they enjoy. The 11-year-oldoperation allows employees to take asmuch vacation as they want, as long asthey have finished their work. And forthose who crave a change of scenery,Bluewolf has an exchange program thatlets staff members trade a week or twowith colleagues in one of its four otherU.S. offices.

“They treat you like an adult,”said Aaron Bata, a 25-year-old account director.


Newark New York Trenton Philadelphia Wilmington www.gibbonslaw.com

Gibbons is headquartered

at One Gateway Center

Newark, New Jersey 07102

973-596-4500

Great things are happening at Gibbons, because Gibbons is a great place to be. Our law firm is committed

to work-life balance and diversity. Along with many of our clients, we share the distinction of being one of the

best places to work. And by being one of the best places to work, we attract the best possible employees

to provide the best possible service to our clients.

One of the Best Places to Work in New York

CrainÕs New York Business

2009 Catalyst Award for outstanding

achievement in the advancement of women

in the workplace

25 Best Medium-Size Companies to Work

for in America

Society for Human Resources Management

and the Great Places to Work Institute

One of the Best Places to Work

in New Jersey

NJBIZ magazine, six consecutive years

Top 50 Law Firms for Women

Working Mother magazine

Top 100 Firms for Diversity

Top 100 Firms for Women

MultiCultural Law magazine

Best Places to Work in Pennsylvania

Philadelphia Business Journal

Central Penn Business Journal

CN014781 11/16/11 2:28 PM Page 1

#27STUDLEY INC.Real Estate

www.studley.com

NYC employees 153

U.S. employees 567




Layoffs 4.5%

New positions 5

Paid holidays 9

Time off 23


50% to 74%

IN THE COMPETITIVE WORLD ofcommercial real estate brokerage,Studley Inc. literally goes to greatdistances to keep its employeesmotivated and happy. Each year, the firmrewards its professionals with a planeticket to a different U.S. city, and top-producing brokers are swept off tolocales like Madrid or Berlin. And whenthey’re not globe-trotting, employeescan relieve stress at such company-sponsored events as the Margarita TeaParty or snack on cupcakes in theHappy Room.

#22EZE CASTLE INTEGRATIONHedge Fund Technology

www.eci.com

@EzeCastleECI

NYC employees 150

U.S. employees 350




Layoffs 2%

New positions 30

Paid holidays 9

Time off 15


75% to 99%

EZE CASTLE INTEGRATION’S employeescan perform their jobs with confidence,courtesy of Eze Castle University, wherestaffers learn how to do everything fromproviding good service to dealing withdifficult clients. The Boston-headquartered firm, which manages ITand back-office operations for hedgefunds, even has a wiki that employeescan access for self-training, andmanagers regularly sit down withstaffers to create a curriculum for them.

“We want [employees] to grow, getpromoted and get better jobs in thefirm,” said Vinod Paul, the New YorkCity office’s managing director.


#21SIGNATURE BANK Banking

www.signatureny.com

NYC employees 525

U.S. employees 687

2010/2009 revenues

(millions) $35/$36

Average salary (for exempt

workers) $110,000


Layoffs 2%

New positions 58

Paid holidays 10

Time off 22


75% to 99%

SIGNATURE BANK barely spends anymoney on marketing, and many of its 25branches are just about invisible, tuckedaway in office buildings.

But this below-the-radar-screenfinancial institution is a bastion ofstability and success in an industryplagued by turmoil. Since launching 10years ago, Signature has grown to $13billion in assets, becoming a popularplace for executives defecting fromNorth Fork and other large banks. ChiefExecutive Joseph DePaolo, a veteran ofRepublic National Bank (which wasswallowed up years ago by HSBC),knows what it takes to keep his growingworkforce focused and happy: This year,he plans to disperse $17 million inbonuses not only among bankers whobring in business but also to back-officesupport staff.

R E P O R T

#20MYRIAD SUPPLYNetwork Equipment

www.myriadsupply.com

@MyriadSupply

NYC employees 42

U.S. employees 43

2010/2009 revenues

(millions) $15/$10



Layoffs 5%

New positions 3

Paid holidays 9

Time off 15


25% to 49%

WHENEVER IT HANDS OUT BONUSES,

Myriad Supply makes sure no one goeshome empty-handed. With bonusesdistributed at 2% of its sales force’ssalaries and 10% of salaries for those inoperations, the firm has already givenbonuses—ranging between $1,000 and$3,500—for two out of three quartersthis year. And because employeecompensation reflects corporateprofitability, employees have taken itupon themselves to do everything fromswitching to cheaper suppliers toanalyzing the cost benefits of owning orleasing a printer.

“We want to hear from employeesbecause if they save the company money,that affects everyone’s bottom line,” saidHilary DeCourcey, vice president ofpurchasing and client support.

28companiesprovide on-sitefitness/wellnessprograms

#23AEROTEK INC.Staffing

www.aerotek.com

@AerotekJobs

NYC employees 35


2010/2009 revenues

(billions) $3.5/$2.4

Average salary n/d


Layoffs n/d

New positions n/d

Paid holidays 6

Time off 18


50% to 74%

AEROTEK’S COMMUNICATIONS go wellbeyond business matters. If an employeeis getting married, looking ahead to avacation or saving for a down paymenton a home, the firm conveys that news atstaff meetings. The practice helpscultivate a collegial environment andimproves job satisfaction, with co-workers responding by encouraging andhelping each other. It’s not unusual, forexample, for employees to take on acolleague’s workload to ensure that histasks are finished prior to his vacation.

“We’re all about hyper-communication as far as making sureeveryone on the team knows each other’spersonal, as well as professional, goals,”said Gerard Reynolds, account executivein Aerotek’s architecture andengineering group.

#24ANIMOTOVideo Web Applications

www.animoto.com

@Animoto

NYC employees 51

U.S. employees 75




Layoffs 3%

New positions 40

Paid holidays 11

Time off 15


AT GREENWICH VILLAGE-BASED ANIMOTO,which helps consumers create onlinevideos with photos and music, theatmosphere is fun-loving, creative andcasual. On Friday afternoons, beer is ontap for employees—as well as for theirnonstaff friends, and there are field tripsto places like the Museum of theMoving Image. During the workday,employees can also leave the office towork on their laptops in nearbyWashington Square Park.

Beyond those niceties, employeeslove the work they do. “The product isimpacting people’s lives in a personalway,” said Jason Hsiao, president and co-founder of the 4-year-old company, “andthat’s very fulfilling.”

#25SILVERSTEIN PROPERTIES INC.Real Estate

www.silversteinproperties.com

NYC employees 228

U.S. employees 229


Average salary n/d


Layoffs 4.7%

New positions 7

Paid holidays 7

Time off 18


DESPITE THE DIFFICULT ECONOMY,

Silverstein Properties is one of the fewdevelopers that has kept busy, and onehuge project has particular resonancewith employees: helping to rebuild theWorld Trade Center site. This effort, aswell as the developer’s construction of anew residential tower on Manhattan’sWest Side last year and its globalprojects in far-flung places such asWarsaw and Chongqing, China, infusesthe firm with a vibrant and stimulatingwork environment.

But Silverstein isn’t all work and noplay, thanks to a regular company outingthat enables employees to kick back, aswell as half-day Fridays every week.

companies offer tuition companies companies

reimbursement

#26ID MEDIAAdvertising/Public

Relations/Marketing

www.idmediaww.com

NYC employees 103

U.S. employees 161




Layoffs 0%

New positions 23

Paid holidays 14

Time off 23


75% to 99%

NINE-YEAR-OLD ID MEDIA makes no bonesabout how much it appreciates itsemployees. The firm’s reception-areadigital bulletin board notes employees’birthdays; its hallway is festooned withphotos of workers marking theanniversary month they joined thecompany; and, when employees boot uptheir computers, a message appearsintroducing a new hire to the company.

Employees are also recognized at thecompany’s end-of-year all-star awards,which encompasses categories like“caregiver,” “sunshine” and “innovator.”And every quarter, managers hand outBravo Bucks—which typically run $50or $100—for solid job performance.CEO Lynn Fantom said she alwaysknew that positive strokes help bring outthe best in employees. “Maybe it’sbecause I’m a mom,” she said.


#28VIBRANT MEDIA INC.Advertising/Public Relations/Marketing

www.vibrantmedia.com

@VibrantMedia

NYC employees 100

U.S. employees 148

2010/2009 revenues

(millions) More than $100/n/d



Layoffs 0%

New positions 68

Paid holidays 11

Time off 24


THE ADVERTISING BUSINESS is notoriousfor its competitiveness—even amongcolleagues. But 11-year-old VibrantMedia has consciously taken steps tocreate a collegial atmosphere. “We donot have a lot of sharp elbows here,” saidCEO Cella Irvine. All new employeesare assigned a “buddy” to show them theropes and explain the firm’s culture ofcooperation. As a result, colleagues atVibrant Media are so friendly that theyoften spend time together after work—and on weekends, too.

FRANKFURT KURNIT KLEIN & SELZLaw

www.fkkslaw.com; @FrankfurtKurnit

NYC employees 97

U.S. employees 97




Layoffs 0%

New positions 6

Paid holidays 11

Time off 15


25% to 49%

FRANKFURT KURNIT KLEIN & SELZ is alaw firm where employees count asmuch as clients do. The Manhattan-headquartered firm accommodates thedemands of its staff ’s personal lives byoffering everything from part-time workto job-sharing to telecommuting. Andlast month, the firm began offering anoff-site emergency child care programoperated by an independent vendor. Theprogram’s daily fee runs $20 per child or$40 per family, considered a bargain forparents accustomed to paying $20 anhour for child care.

GOLINHARRISAdvertising/Publicity

www.golinharris.com

@GolinHarris

NYC employees 40

U.S. employees 500


Average salary n/d


Layoffs n/d

New positions n/d

Paid holidays 11

Time off 20


50% to 74%

AT CHICAGO-BASED GolinHarris,employees are teammates, ready to cheerone another for work-related andpersonal achievements. That supportand camaraderie come into full viewevery year with Work a Week, a contestthat encourages junior-level employeesto submit a proposal for working atanother GolinHarris location. In May, aNew York staffer went to Hong Kong.

Said Adam Pawluk, vice president of health care, “It’s not a cutthroatenvironment.”

R E P O R T

#32NATIONAL FUTURES ASSOC.Industry Regulator

www.nfa.futures.org

NYC employees 38

U.S. employees 288

2010/2009 revenues

(millions) n/d/$34



Layoffs 0%

New positions 3

Paid holidays 9

Time off 26


75% to 99%

WHILE THEIR WALL STREET JOBS don’tcome with supersize paychecks or end-of-the-year Hamptons-buying bonuses,employees at the National FuturesAssociation treasure what it does givethem: quality of life. Besides granting 26days off after only a year on the job, theorganization encourages telecommutingfor those who need to be close to theirfamilies.

“We recognize [that] work-lifebalance is important,” said CarrieBaffes, director of compensationand benefits.

NEW YORK CARESSocial Services

www.newyorkcares.org

@newyorkcares

NYC employees 64

U.S. employees 64

2011/2010 public support

and revenues (millions) $9/$9


Volunteer turnover 15%

Layoffs 0%

New positions 8

Paid holidays 14

Time off 28


NEW YORK CARES’ employees considertheir work—running volunteerprograms for 1,200 nonprofits, cityagencies and public schools—a labor oflove. They love their workplace, too.Employees receive comp time forweekend work; the office closes betweenChristmas and New Year’s; and monthlystaff meetings at the 25-year-oldorganization are fun, themed gatheringswith coffee, treats and a strong collegialspirit. And staffers are encouraged toimplement their ideas.


#35GIBBONS Law

www.gibbonslaw.com

@GibbonsPC

NYC employees 78

U.S. employees 380

2010/2009 revenues

(millions) $106.3/$111



Layoffs 0%

New positions 6

Paid holidays 11

Time off 23


50% to 74%

GIBBONS DOESN’T TAKE KINDLY toattitudinal employees. In an industrywhere billable hours reign supreme, thefirm expects everyone—from staffers totop-ranked lawyers—to play well in the sandbox.

“If an associate hopes to advance andthey’re not going to be good to our staff,they’re not going to make partner,” saidPatrick C. Dunican Jr., the firm’schairman and managing director.“When we’re interviewing, we look forhow people will fit in—their personalityin addition to their other attributes.”

That focus on friendliness extends tothe outside community. As part of itsGibbons Cares initiatives, the firmhas written wills pro bono for policeofficers, firefighters and otherfirst responders.


#34GOODWIN PROCTER Law

www.goodwinprocter.com

@goodwinprocter

NYC employees 251


2010/2009 revenues

(millions) $678.5/$658



Layoffs 10.71%

New positions 18

Paid holidays 10

Time off 26.5


75% to 99%

GOODWIN PROCTER doesn’t takeemployees for granted. It recognizestheir legal skills, efficiency, productivity,professional development and pro bonowork with bonuses. And when theattorneys’ caseloads are light and they’vesatisfied their quota of billable hours,they’re free to leave the office—even tocatch a midafternoon movie.

Meanwhile, monthly wine andcheese gatherings foster something elsethe firm values: the relationshipsemployees have with one another.

R E P O R T

#33VILLAGE POURHOUSE Sports Bar/Restaurant (East Village)

www.villagepourhouse.com

@PourhouseDwnTwn

NYC employees 606

U.S. employees 358

2010/2009 revenues

(millions) $3.5/$3.5

Average salary n/d


Layoffs 3%

New positions 5

Paid holidays 11

Time off 16


Less than 25%

FOR VILLAGE POURHOUSE’S East Villageemployees, it’s almost like the recessionnever happened. Staffers have continuedto enjoy an annual trip to Disney World,a perk the watering hole introducedbefore the economic downturn. Andwith the recent addition of a dental plan,its workers’ health care benefits havegotten a little better.

In an industry that can sometimesproduce high turnover and cantankerousservers, this East Village eatery sportsnine employees who’ve been at the placesince it opened in 2006, and all of themhave been rewarded for their tenure,hard work and dedication—with sharesin the company and a cut of thecompany’s profits.

#37INSPERITY Business Advisers

insperity.com

@insperity

NYC employees 25


2010/2009 revenues

(billions) $1.7/$1.65

Average salary n/d


Layoffs n/d

New positions n/d

Paid holidays 8

Time off 19


75% to 99%

AT INSPERITY, charity begins in theworkplace. Employees not only give uptheir unused personal time off tocolleagues who need extra days toaddress health and family matters, theyhave also helped a co-worker pay for arelative’s funeral and defrayed the travelexpenses of a colleague seeking out-of-town medical care for a child. Inaddition, the Houston-based companycompensates employees for 12 hours ofcommunity service per quarter.

And with each of its 56 U.S. officescompeting for the greatest participationin their volunteer efforts, New Yorkemployees have gotten involved withcharities like Ronald McDonald Houseand Adopt a Soldier.

#39KIMPTON HOTELS & RESTAURANTSHotels and Restaurants

www.kimptonhotels.com; @Kimpton

NYC employees 536


2010/2009 revenues

(millions) $689.9/$574.3

Average salary n/d


Layoffs 2%

New positions n/a

Paid holidays 6

Time off 17


75% to 99%

KIMPTON HOTELS & RESTAURANTS isn’tjust hospitable to guests. As the operatorof four boutique hotels in New York—The Muse, 70 Park Avenue, Ink48 andEventi—the San Francisco-headquartered firm retains workers withits advancement opportunities, generallypromoting from within its existingemployee ranks. A companywide,yearlong program provides mentors toworkers who show promise, matchingthem with higher-level employees whocomplement their skills.

“I’m a prime example of how thecompany cultivates its own talent,” saidEricka Nelson, The Muse’s generalmanager, who joined Kimpton a decadeago as sales manager for its fourWashington, D.C., properties and wasonce a mentee.

#38TELXTelecommunications

www.telx.com

@Telx_Group

NYC employees 177

U.S. employees 242

2010/2009 revenues

(millions) $130/$98



Layoffs 0%

New positions 47

Paid holidays 8

Time off 18


75% to 99%

TELX SHOWERS EMPLOYEES withrecognition for their accomplishmentsin everything from product developmentto sales to customer service. Thecompany announces praiseworthyefforts in its communications and beforethe entire company at Telx’s well-attended quarterly meetings. It alsohands out a range of rewards, includinggift cards; trips to places like Las Vegas,Miami and Puerto Rico; and collegescholarships.

Telx’s culture of shout-outs “inspirespeople to go above and beyond,” saidCEO Eric Shepcaro.

APPSSAVVY Digital Advertising

www.appssavvy.com

@appssavvy

NYC employees 45

U.S. employees 60

2010/2009 revenues

(millions) $20/$9



Layoffs 5%

New positions 36

Paid holidays 9

Time off 31

Sick days Unlimited


75% to 99%

AT APPSSAVVY, a 4-year-old social mediacompany, there are fun activities foremployees, such as a race in CentralPark and an on-site beer pong table.Staff members can also bring their dogsto work every Friday. Those perks, alongwith the employees’ shared passion forthe firm’s cutting-edge digital work,have imbued the workplace with astrong collegial atmosphere, turningcolleagues into friends—inside andoutside the office.

“There’s a lot of camaraderie,” saidYael Zeman, director of strategicpartnerships. “It’s a family-typeenvironment that we nurture here.”

#41ROTHSTEIN KASSAccounting

www.rothsteinkass.com/

@Rothstein_Kass

NYC employees 202

U.S. employees 846

2010/2009 revenues

(millions) $163.2/$169.5



Layoffs 6%

New positions 8

Paid holidays 9

Time off 35


75% to 99%

SMART, DRIVEN and eco-consciousmillennials thrive in Rothstein Kass’New York office, where the average ageis around 30. With clients tilted towardhigh-energy financial companies,including alternative investmentmanagers and private-equity funds, thework is exciting and challenging. And ina nod to its youthful employees’ stylepreferences, there’s Jeans Fridays, whilegreen practices, such as printing double-sided copies, acknowledge theirenvironmental concerns.

“We always try to be aware ofmotivators,” said Steve Kass,co-managing partner. “Millennials are ageneration that appreciates strongcorporate citizenship.”

#42SOURCEONE INC.Energy Management and Consulting

www.sourceone-energy.com

NYC employees 35

U.S. employees 69




Layoffs 0%

New positions 5

Paid holidays 11

Time off 30


75% to 99%

SOURCEONE INC. employees don’t feellocked into their current positions. TheBoston-headquartered firm gives itsworkers as much responsibility as theycan handle, allowing them to develop attheir own pace and move into higherpositions. After less than a year at thefirm, for example, Lily Perrette waspromoted from an assistant data entrystaffer to a project engineer who workswith major clients.

“At this company, I don’t feel like Iwill reach a wall,” Ms. Perrette said. Toencourage further advancement, thefirm also offers tuition reimbursement.

HACHETTE BOOK GROUPPublishing

www.hachettebookgroup.com

@HachetteBooks

NYC employees 411

U.S. employees 934


Average salary n/d


Layoffs 1%

New positions 24

Paid holidays 10

Time off 17

Sick days Unlimited


75% to 99%

A FLEXTIME PROGRAM that allows editorsto work from home, a generous benefitspackage and “opportunities for people tovent if they want to,” said CEO DavidYoung, all contribute to a good workingenvironment at Hachette Book Group, adivision of French publishing giantHachette Livre. And given thecompetition within the sector for talent,the publisher of James Patterson andStephanie Meyer makes sure to provideitems like large computer screens withintwo weeks of employees’ requests.

“If I became complacent, we’d losestaff very quickly,” Mr. Young said.


#45SITUATION INTERACTIVE Social Media Marketing

www.situationinteractive.com

@situationOnBway

NYC employees 46

U.S. employees 49


Average salary n/d


Layoffs 0%

New positions 0

Paid holidays 10

Time off 19


NOT LONG AGO, six employees saw aperformance of the Tony-winning showWar Horse while others attended theNew Orleans premiere of the play TheAddams Family. Those aren’t one-timebenefits—but periodic perks for staff atdecade-old Situation Interactive, amarketing company that uses socialmedia like Twitter and Facebook topromote its clients in the entertainmentindustry. Employees also get to voiceopinions, ideas and suggestions at amonthly meeting that’s followed by acompany happy hour.

Free food daily, use of a corporateDunkin’ Donuts account and anopportunity to play on variouscompany-sponsored sports teams add upto a firm that’s filled with fun andgames.

#44FRIEDMANAccounting

www.friedmanllp.com

@friedmanllp

NYC employees 230

U.S. employees 340

2010/2009 revenues

(millions) $81/$75



Layoffs 0%

New positions 32

Paid holidays 11

Time off 21


75% to 99%

AT MANY ACCOUNTING FIRMS, makingpartner is an elusive dream—especially ifyou’re working on a flex schedule, raisingyoung children or caring for agingparents. Not so at 87-year-oldFriedman, where nearly half of theemployees are partners or on their wayto entering its upper echelon. With two-thirds of Friedman’s 51 partnersexpected to retire in the next decade, thefirm has implemented a formal partner-grooming program that helps employeesdevelop a range of critical skills,including managing career, clients,colleagues and supervisors.

“We’re taking an aggressive approachto succession planning that’s importantfor the firm and great for employees,”said Managing Partner Bruce Madnick.

R E P O R T

#43ALSTON + BIRD Law

www.alston.com

NYC employees 237



Average salary n/d


Layoffs 0%

New positions 5

Paid holidays 10

Time off 29


75% to 99%

EACH DAY, around midmorning, Alston +Bird employees meet for 10 minutes todiscuss a way to improve as a firm.Thegathering is part of a larger staffdevelopment effort—and a reason whythe New York office’s 250 employeeshave bonded together. “Employees at alllevels here know they are an importantpart of the big picture,” said AdamBaker, a four-year general litigationassociate in the New York office of the118-year-old Atlanta-based firm.“Maybe it comes from our roots inSouthern hospitality.”

That collective congeniality not onlywins over employees but also has driventhem to donate their unused personaltime to a colleague caring for a sickrelative.

36companiesallow forcommunityserviceduring theworkday

#46LINEDATA Financial Services Software

www.linedata.com

@Linedata

NYC employees 29

U.S. employees 183

2010/2009 revenues

(millions) $51/$477

Average salary n/d


Layoffs n/d

New positions n/d

Paid holidays 9

Time off 24


CHARITABLE GIVING is a longtimeemployee tradition at Linedata, a 13-year-old financial software companyheadquartered in Boston. But lastsummer, its New York employees didmore than donate money. They wentbowling with a group of teens from TheFamily Center, a Manhattan nonprofitthat supports and counsels families inthe midst of crisis or loss.

Employees also benefit from thefirm’s compassion. When Tyler Gowen,a sales executive, was stressed out abouthaving to juggle sales calls with hiswife’s doctors visits—she experiencedhealth challenges during herpregnancy—Mr. Gowen said hismanager’s response was “family comesfirst,” in no uncertain terms.

#47WISS & CO.Accounting

www.wiss.com

@wissllp

NYC employees 30

U.S. employees 200

2010/2009 revenues

(millions) $25-$30/$25-$30



Layoffs 6%

New positions 1

Paid holidays 11

Time off 20


50% to 74%

EMPLOYEES at 42-year-old CPA firmWiss & Co. feel both valued andtrusted. That’s thanks in part to theelimination of an across-the-boardpolicy that had required accountants—regardless of their practice areas—towork 55 hours a week (includingmandatory evenings and weekends)during tax season, from mid-January toApril 15. Accountants are stillresponsible for getting their work done,but they can decide for themselves whenthe demands of their jobs require longerhours, including overtime. As a result,employees’ job satisfaction andproductivity have increased.

#48THE EXECU|SEARCH GROUP Staffing

www.execu-search.com

@ExecuSearch

NYC employees 92

U.S. employees 130

2010/2009 revenues

(millions) $34/n/d

Average salary n/d


Layoffs 0%

New positions 20

Paid holidays 10

Time off 18


25% to 49%

THE EXECU|SEARCH GROUP’S perks arefun and plentiful, ranging from playingPing-Pong and pool in the companyrecreation room to wearing jeans towork and raising money for charities.But what thrills employees most are theunlimited opportunities for growth theManhattan-based staffing firm offers. Inless than four years, Bradley Sona wentfrom entry-level researcher to recruiterto director at its Third Avenueheadquarters. And his story is notuncommon.

“They want to see you advance andkeep growing,” said Mr. Sona, who hasbeen with the firm for almost six years.

#49MARCUMAccounting

www.marcumllp.com

@marcumllp

NYC employees 500

U.S. employees 950

2010/2009 revenues




Layoffs 0%

New positions 10

Paid holidays 8

Time off 23


50% to 74%

FROM THE GET-GO, Marcum takes itsaccountants’ professional growthseriously. Early in their careers,employees have regular, frequent contactwith clients, which allows them to beginto think like decision-makers, andreceive training in understanding themindset of clients. The firm encouragesstaff to access industry experts andspecialists in business areas in whichthey wish to develop expertise—such asfinance, retailing or technology. Andwith the knowledge and skills theyacquire, staff members can fast-forwardtheir career development, includingtaking on work in specific practice areas,such as alternative investments, hightechnology, international matters andforensic accounting.

#50ANCHIN BLOCK & ANCHIN Accounting

anchin.com

@anchincpa

NYC employees 350

U.S. employees 350

2010/2009 revenues

(millions) $90/$90



Layoffs 3.64%

New positions 4

Paid holidays 10

Time off 20


50% to 74%

AT ANCHIN BLOCK & ANCHIN, employeesdo more than service clients. They’realso helping a bunch of elementaryschool kids. For the second consecutiveyear, the 88-year-old firm has adoptedan entire fifth grade, which encompassesseven classes and 175 kids, at P.S. 8 inthe Bronx. Not only do Anchinemployees visit the school and packstudents’ knapsacks with games, treatsand learning activities, but the firm’spartners and other accounting staff also host the kids at Anchin’s midtown office.

Anchin’s kindness extends to itsemployees, too. Flexible schedules allowthem to work three-day weeks to carefor family members—without falling offthe partner track.

23companies offer mealsand snacks



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mobile app for door-to-door

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100+ cities worldwide

CRAIN’S CONNECTS

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While browsing Crain's

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CN014794 11/17/11 6:09 PM Page 1

BANKRUPTCIES

The following listings are selected from themost recent available filings by companiesseeking bankruptcy protection in theSouthern and Eastern Districts of NewYork. Information was obtained from U.S.Bankruptcy Court records available onPublic Access to Court Electronic Records.Listings are in alphabetical order.

● Chait Properties Inc.2856 Lindenmere Drive, Merrick, L.I.Filed for Chapter 11 bankruptcyprotection on Nov. 21. The filing citesestimated liabilities of $1,000,001 to$10 million and estimated assets of$1,000,001to $10 million.

● Qualcon Construction511 Barry St., BronxFiled for Chapter 11 bankruptcyprotection on Nov. 22. The filing citesestimated liabilities of $1,000,001 to$10 million and estimated assets of$1,000,001 to $10 million. Among thecreditors with the largest unsecuredclaims are Elise Investments PTYLTD., owed $1,454,545.45; SheilaEasley, owed $700,000; and Tomcon,owed $199,289.59.

GOVERNMENT CONTRACTOPPORTUNITIES

Following are selected contractopportunities recently announced by NewYork City agencies. To learn how to sellgoods and services to city government, visitwww.nyc.gov/selltonyc. For a searchabledatabase of current procurement notices,visit www.nyc.gov/cityrecord. Listings arealphabetical by category and department.

CONSTRUCTION SERVICES● Department of CorrectionSeeks competitive sealed bids by 11 a.m.on Dec. 27 for a mechanicalconstruction requirement contract onthe east side of Rikers Island and VernonC. Bain Center in the Bronx. Biddocuments are available for $25 bycertified check or money order, madepayable to the: commissioner of finance.Bid packages may be obtained in-personbetween the hours of 9 a.m. to 4 p.m. atDOC, Bulova Corporate Center,Central Office of Procurement, 75-20Astoria Blvd., suite 160, East Elmhurst,Queens. To make inquiries, contactCassandra Dunham at (718) 546-0766or [email protected].

● Department of Design and ConstructionSeeks competitive sealed bids by 2 p.m.on Dec. 13 for construction of amaintenance building, a comfort stationand rain shelter at Ferry Point GolfCourse in the Bronx. Bid documents areavailable at www.nyc.gov/ddc. ContactBen Perrone at (718) 391-2614.

● Department of Parks and RecreationSeeks competitive sealed bids by 10:30a.m. on Dec. 16 for the reconstruction ofthe men’s and women’s locker rooms atthe Hansborough Recreation Center inManhattan. Bid documents are availablefor a fee of $25 in the blueprint room,Olmsted Center, Queens, from 8 a.m. to3 p.m. The fee is payable by companycheck or money order to the City of NY,Parks and Recreation. Contact Juan

Alban at (718) 760-6771 [email protected].

● Department of Parks and RecreationSeeks competitive sealed bids by 10:30a.m. on Dec. 20 for the reconstructionand installation of the bronze doors atthe recreation center in Mullaly Park inthe Bronx. Bid documents are availablefor a fee of $25 in the blueprint room,Olmsted Center, Queens, from 8 a.m. to3 p.m. The fee is payable by companycheck or money order to the City of NY,Parks and Recreation. Contact JuanAlban at (718) 760-6771 [email protected].

GOODS AND SERVICES● Department of EducationSeeks competitive sealed bids by 4 p.m.on Dec. 13 for science supplies andequipment. Bid opening will take placeon Dec. 14 at 11 a.m. To make inquiries,email [email protected]; referto “PIN# B1969040/science suppliesand equipment” in the subject line.

● Department of TransportationRequests proposals by 2 p.m. on Jan. 9for transportation planning,transportation engineering, urbandesign and related services. A deposit of$50 in the form of a certified check ormoney order made payable to the NewYork City Department of Transportationis required to obtain bid and contractdocuments. Ensure that your company’saddress, telephone and fax numbers aresubmitted by your company ormessenger service when picking upcontract documents at 55 Water St.,Manhattan. To make inquiries, contactEllen Zielinski at (212) 839-6478.

● Health and Hospitals Corp.Seeks competitive sealed bids by 11 a.m.on Dec. 15 for special-editionstethoscopes that are 10-karat-goldplated. To make inquiries, contactNadine Patterson at (718) 616-4271 [email protected].

REAL ESTATE DEALS

Companies that would like to havedetails of their recent transactions appearin these listings should emaildescriptions following this format [email protected], with“Real estate transaction” in the subjectline, or enter them online atcrainsnewyork.com/submitadeal. Deals arelisted in order of square footage.

COMMERCIAL● Human Rights Watch renewed46,000 square feet and took anadditional 24,000 square feet for almost14 years at the Empire State Building,350 Fifth Ave. The firm will occupy spaceon the 33rd, 34th and 35th floors.Newmark Knight Frank’s Larry Bank,Rick Kramer, Kenneth Kronstadt andBrian Waterman represented the tenant.William Cohen and Ryan Kass, also ofNewmark Knight Frank, represented thelandlord, W&H Properties. The askingrent was $55 per square foot.

● News Corp. signed a 15-year lease for9,000 square feet at 1211 Sixth Ave. Thetenant was represented by CBRE GroupInc.’s Tim Dempsey, Ken Rapp and

Mary Ann Tighe. The landlord, BeaconCapital, was represented by Cushman &Wakefield Inc.’s Mitch Arkin, JoshKurlioff, Gene Spiegelman and DavidTricarico. The asking rent was between$525 and $625 per square foot.

RETAIL● Knoll Inc. signed a temporary lease for17,000 square feet at 766 Sixth Ave.Bellmarc Realty’s Rochelle Bassrepresented the tenant, while RoseAssociates’ Bill Bergman and BruceSpiegel represented the landlord. Theasking rent was $150 per square foot.

● Sabon signed a 10-year lease for 665square feet at 1450 Broadway. The luxurybath and body-brand retailer will occupyspace on the ground floor. The landlord,The Zar Group, was represented byWinick Realty’s Michael Gleicher. Theasking rent was $475 per square foot.

● Coco Fresh Tea & Juice signed a leasefor 600 square feet at the Sky ViewCenter, 40-24 College Point Blvd., inFlushing, Queens. The tea company wasrepresented by Super Connection Inc.’sRicky Wong. The landlord, Onex RealEstate Partner, represented itself in-house.The asking rent was not disclosed.

● Designer Malia Mills signed a leasefor 400 square feet at 1225 Madison Ave.The tenant was represented by JudsonRealty. The landlord, 45 East 88thStreet Co-Op, was represented byJoseph Aquino and Faith Hope Consoloof Prudential Douglas Elliman’s RetailGroup. The asking rent was $300 persquare foot.

STOCK TRANSACTIONS

Following are recent insider transactions atNew York’s largest publicly held companiesfiled with the Securities and ExchangeCommission by executives and majorshareholders. Listings are in order oftransaction value. The information wasobtained from Thomson Reuters.

● Bed Bath & Beyond Inc. (BBBY)Leonard Feinstein, co-chairman,exercised options on 255,509 shares ofcommon stock at prices ranging from$37.51 to $41.35 between Nov. 17 andNov. 18, in a transaction worth$10,455,911. During the same period,he sold 255,509 shares of common stockat prices ranging from $60.03 to $60.79,in a transaction worth $15,514,085. Henow directly holds 2,150,680 shares.

Warren Eisenberg, co-chairman,exercised options on 255,507 shares ofcommon stock at prices ranging from$37.51 to $41.35 between Nov. 17 andNov. 18, in a transaction worth$10,455,832. During the same period,he sold 255,507 shares of common stockat prices ranging from $60.03 to $60.79,in a transaction worth $15,513,965. Henow directly holds 3,470,570 shares.

● Estée Lauder Cos. (EL)GRAT Remainder Trust exercisedoptions on 100,000 shares of commonstock at $43.10 between Nov. 14 andNov. 15, in a transaction worth$4,310,000. During the same period, itsold 130,000 shares of common stock atprices ranging from $114.36 to $116.38,in a transaction worth $14,957,803. Itnow indirectly holds 535,410 shares.

Fabrizio Freda, president, chief executiveand director, sold 44,237 shares ofcommon stock at prices ranging from$114.02 to $115.78 on Nov. 14, in atransaction worth $5,102,663. He nowdirectly holds 5,170 shares.

● CBS Corp. (CBS)Leslie Moonves, president, chief

executive and director, exercised optionson 216,763 shares of common stock at$5.20 on Nov. 15, in a transaction worth$1,127,168. On the same day, he sold216,763 shares of common stock at$25.66, in a transaction worth$5,562,919. He now directly holds1,804,340 shares.

● Moody’s Corp. (MCO)Mark E. Almeida, president, Moody’sAnalytics, exercised options on 50,000shares of common stock at $19.99between Nov. 17 and Nov. 18, in atransaction worth $999,375. During thesame period, he sold 50,000 shares ofcommon stock at prices ranging from$32.75 to $32.83, in a transaction worth$1,639,500. He now directly holds122,115 shares.

● Abovenet Inc. (ABVT)William G. LaPerch, president, chiefexecutive and director, sold 25,549shares of common stock at pricesranging from $58.64 to $60.04 betweenNov. 16 and Nov. 17, in a transactionworth $1,512,843. He now directlyholds 193,423 shares.

● American Express Co. (AXP)Douglas E. Buckminster, president,international consumer and smallbusiness services, exercised options on

39,984 shares of common stock at$31.94 on Nov. 14, in a transactionworth $1,277,129.

● Colgate-Palmolive Co. (CL)Hector I. Erezuma, vice president-taxation, exercised options on 11,000shares of common stock at $60.68 onNov. 14, in a transaction worth$667,480. On the same day, he sold11,000 shares of common stock at$88.93, in a transaction worth $978,239.He now directly holds 34,362 shares.

Delano E. Lewis, director, exercisedoptions on 1,333 shares of common stockat $81.20 on Nov. 15, in a transactionworth $108,240. On the same day, hesold 1,445 shares of common stock atprices ranging from $88.75 to $88.92, ina transaction worth $128,263 He nowdirectly holds 12,800 shares.

● Public Service Enterprise Group Inc.(PEG)Ralph Izzo, president, chairman andchief executive, exercised options on25,000 shares of common stock at$20.39 on Nov. 15, in a transactionworth $509,625. On the same day, hesold 19,800 shares of common stock atprices ranging from $33.34 to $33.55, ina transaction worth $663,018. He nowdirectly holds 269,896 shares. n

ABOUT THIS SECTIONFOR THE RECORD is a weekly listing of information from the public record that

can help businesspeople in the New York area find opportunities, potential

new clients and updates on competitors.

To ask questions or get more information on this section, contact Suzanne

Panara at [email protected].

DEALS ROUNDUP

Burill Venture Capital, $11,011.7 Gilead Sciences Inc. SB M&A

SV Life Sciences

Advisers, Baker Brothers

Investments (Manhattan),BlackRock Advisors,

Horizon Technology

Finance Management,

Roche Venture Fund,

T. Rowe Price Associates Inc.,

Visium Asset Management

(Manhattan)/Pharmasset Inc.

Not disclosed/ $7,200.0 Kohlberg Kravis Roberts & Co. FB M&A

Samson Investment Co. (Manhattan), NGP Energy Capital

Management, Itochu Corp.,

Crestview Partners (Manhattan)

American Home $4,540.5 Alleghany Corp. (Manhattan) SB M&A

Assurance Co. (Manhattan), American International

Group Inc. (Manhattan),BlackRock Inc.,

JPMorgan Chase & Co.,

Davis Selected Advisers/

Transatlantic Holdings Inc.

(Manhattan)

Coöperatieve Centrale $2,297.7 Safra Group asset management SB M&A

Raiffeisen-Boerenleenbank B.A./ arm (Manhattan) (46.07%)

Bank Sarasin & Cie AG

BOS International $967.0 Brookfield Asset Management Inc., SB M&A

(Australia) Ltd./ The Goldman Sachs Group Inc.

BOS International (Manhattan)

(Australia) Ltd. property

loans in New Zealand

BOS International $676.9 Morgan Stanley Real Estate Fund Inc. SB M&A

(Australia) Ltd./ (Manhattan)

BOS International

distressed property

loans on a portfolio

of 15 loans to Gold

Coast Properties

Not disclosed/ $64.1 Corporate Resources Services Inc. SB M&A

TS Staffing Corp. (Manhattan)

(Manhattan)

Angelo Gordon & Co. $44.3 Cole Real Estate Investments SB M&A

(Manhattan), Fulcrum

Asset Advisors/

Caremark Tower II

MF Global UK Ltd./ $41.9 JPMP Capital (Manhattan) (4.84%) FB M&A

LME Holdings Ltd.

Not disclosed/ $5.3 Health Enterprise Partners GCI

eVariant (Manhattan)

Selected deals announced for the week ended Nov. 27 involving companies in metro New York.FB M&A: Financial buyer M&A represents a minority or majority acquisition of existingshares of a company with the participation of a financial buyer. GCI: Growth capital investmentrepresents new money invested in a company for a minority stake. SB M&A: Strategic buyerM&A represents a minority or majority acquisition of existing shares of a company without theparticipation of a financial buyer. source: capitaliq

TRANSACTION SIZE

SELLER/TARGET (IN MILLIONS) BUYERS/INVESTORS TRANSACTION TYPE

F O R T H E R E C O R D




R E P O R T S M A L L B U S I N E S S

THE ECONOMY remains tumultuous, buthealing is taking place. The total dollarvolume of local SBA-backed loans climbed63% in fiscal 2011; loan volume rose 20%.SBA lending in the U.S. hit $30 billion,fueled by higher loan guarantees—passingthe 2007 record of $28.5 billion.

Empire State Certified DevelopmentCorp., tops in dollar volume locally, grewlending by 21.1%, but the number of loansbarely budged. Empire allocated fundsthrough the 504 loan program, which fuelsreal estate purchases and construction.The average deal was $845,517. JPMorganChase remained No. 2, filling some of thedemand for smaller loans. It deliverednearly 84% more funds through the 7(a)program; the number of loans rose to 770from 627. The average loan was $141,096.

LENDING ON THE MENDNew York Area’s Top SBA LendersRanked by dollar value of loans in fiscal 2011

Dollar value Dollar value Number Numberof loans of loans Percent of loans of loans Percent

Rank Lender in fiscal 2011 in fiscal 2010 change in fiscal 2011 in fiscal 2010 change

1 Empire State Certified Development Corp. $147,120,000 $121,505,000 +21.1% 174 172 +1.2%

2 JPMorgan Chase Bank $108,644,100 $59,087,300 +83.9% 770 627 +22.8%

3 NewBank $76,195,000 $31,050,000 +145.4% 82 57 +43.9%

4 Community National Bank $42,135,000 $18,077,500 +133.1% 42 32 +31.3%

5 BNB Bank $40,307,500 $40,385,000 -0.2% 38 64 -40.6%

6 Nara Bank $22,740,000 $11,250,000 +102.1% 35 22 +59.1%

7 Manufacturers and Traders Trust Co. $22,545,500 $14,852,700 +51.8% 143 92 +55.4%

8 BankAsiana $22,539,000 $19,450,000 +15.9% 38 29 +31.0%

9 Citibank $22,266,000 $9,359,700 +137.9% 73 26 +180.8%

10 TD Bank $22,154,700 $17,724,700 +25.0% 65 42 +54.8%

11 Wilshire State Bank $19,226,700 $3,423,000 +461.7% 20 9 +122.2%

12 CheckSpring Bank $16,120,400 — n/m 10 — n/m

13 Newtek Small Business Finance Inc. $16,058,500 $10,866,900 +47.8% 17 18 -5.6%

14 Live Oak Banking Co. $15,606,000 $2,520,000 +519.3% 16 4 +300.0%

15 Wells Fargo Bank $14,880,900 $8,537,300 +74.3% 26 24 +8.3%

16 New York Business Development Corp. $14,243,000 $13,344,500 +6.7% 48 34 +41.2%

17 CapitalSource Bank $11,261,000 $4,405,000 +155.6% 6 4 +50.0%

18 Noah Bank* $10,992,500 $8,000,000 +37.4% 15 7 +114.3%

19 Business Initiative Corp - New York $9,499,000 $5,601,000 +69.6% 8 6 +33.3%

20 HSBC Bank USA $8,664,000 $7,876,000 +10.0% 53 72 -26.4%

21 Shinhan Bank America $8,615,500 $5,360,000 +60.7% 15 16 -6.3%

22 Country Bank $8,575,000 — n/m 2 — n/m

23 KeyBank $7,192,100 $4,577,800 +57.1% 27 24 +12.5%

24 Loan Source Inc. $7,000,000 $2,550,000 +174.5% 7 3 +133.3%

25 Hana Small Business Lending Inc. $5,849,000 $500,000 +1,069.8% 6 1 +500.0%

26 Square 1 Bank $5,695,000 — n/m 3 — n/m

27 Home Loan Investment Bank $5,661,200 $3,217,500 +76.0% 7 3 +133.3%

28 CIT Bank $5,419,000 $3,020,700 +79.4% 5 3 +66.7%

29 Grow America Fund Inc. $5,233,500 $963,000 +443.5% 6 3 +100.0%

30 Indus American Bank $4,842,500 $11,352,500 -57.3% 9 12 -25.0%

31 Flushing Savings Bank $4,484,000 $5,650,000 -20.6% 10 9 +11.1%

32 1st Constitution Bank $3,900,000 $2,180,000 +78.9% 10 6 +66.7%

33 Empire State Bank $3,847,000 — n/m 8 — n/m

34 Sovereign Bank $3,762,500 $1,624,500 +131.6% 50 37 +35.1%

35 Access National Bank $2,738,400 — n/m 1 — n/m

36 Bethex Federal Credit Union $2,440,500 $869,000 +180.8% 18 7 +157.1%

37 Metro Bank $2,400,000 $1,130,500 +112.3% 1 2 -50.0%

38 Celtic Bank Corp. $2,250,000 $1,803,500 +24.8% 1 2 -50.0%

39 Borrego Springs Bank $2,130,000 $325,000 +555.4% 7 12 -41.7%

40 New Jersey Business Finance Corp. $2,016,000 — n/m 1 — n/m

41 RBS Citizens $1,816,000 $1,015,500 +78.8% 16 14 +14.3%

42 Woori America Bank $1,800,000 $2,850,000 -36.8% 2 4 -50.0%

43 Cross River Bank $1,550,000 — n/m 3 — n/m

44 Compass Bank $1,540,000 $2,087,800 -26.2% 2 3 -33.3%

45 Sterling National Bank $1,375,000 $1,546,000 -11.1% 11 9 +22.2%

3,708

2008

1,251

2009

1,739

2,090

2010 2011

Total Number of LoansFor all area lenders in fiscal 2011

Citibank

NewBank

Manufacturers and Traders Trust Co.

Empire State Certified Development Corp.

JPMorgan Chase Bank

770

174

143

82

73

Top Five LendersBy number of loans in fiscal 2011

2008

$359.2

2009

$483.5

2010

$789.0

2011

$561.8

Total Dollar VolumeFor all area lenders in fiscal 2011,in millions

The U.S. Small Business Administration’s New York district includes New York City and Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, Sullivan, Ulster and Westchester counties. Rankings are forthe fiscal year ended Sept. 30, 2011. Figures include both banks’ 7(a) loans-loans to businesses unable to secure financing on reasonable terms through normal lending channels-and certified develop-ment companies' 504 loans-long-term, fixed-rate financing for major fixed assets. In cases of tied figures in the dollar value of loans, lenders are listed alphabetically. n/m Not meaningful. *FormerlyRoyal Asian Bank.


PHILANTHROPIC OPPORTUNITIES

CRAIN’S

A SPECIAL ADVERTISING SUPPLEMENT

CNYB iving uide 011-FINAL.indd CNYB Giving Guide 2011-FINAL.indd 1 11/29/2011 4 :40:59 P M11/29/2011 4:40:59 PM

2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S

Table of Contents

s4 Philanthropy is Good Business By Crystal and Michael Freed

s6 The Business Benefi ts of Philanthropy By Tiffany Finley

s6 First Steps for Giving Provided by Rockefeller Philanthropy Advisors

Participants

s3 Capital One

s5 UJA Federation

s7 ORT America, Inc.

s8 Community Access

s10 United Way of New York City

s12 Ronald McDonald House New York

s14 YMCA of Greater New York

s16 Lincoln Center Corporate Fund

The vast and diverse nonprofi t community is one that we at Crain’s New York Business salute. As an industry, it is critically important to our city, employing thousands of individuals who work tirelessly every day to make a difference in the causes and missions they support.

And we salute our extraordinary business community, whose philanthropic contributions make an enormous difference week after week. We feel very proud when we hear that our Crain’s community has reacted to a story about a nonprofi t by opening up their wallets and donating their time.

Crain’s is pleased to welcome you to our 2011 Giving Guide, a special advertising supplement to Crain’s New York Business that looks at the relationship between nonprofi ts and the business community.

Our goal with this section is to help organizations to gain a better understanding about the benefi ts that a company can realize by becoming more actively engaged in philanthropy. In 2010, Epic Media Group was ranked by its employees as one of the Best Places to Work in New York City. Today we profi le Epic Media Group, a company that has seen how the power of philanthropy can boost morale, strengthen employee loyalty, and create a stronger connection to employees.

We also highlight “giving” steps your company can take to become actively involved, as well as how philanthropy can benefi t your bottom line. The section points out that there are a multitude of alternative ways of helping nonprofi ts in addition to monetary contributions. One that I hear about often from nonprofi t executives is the importance of building a robust volunteer network. Encouraging employees to participate in volunteerism can help build your corporate culture and enhance employee morale.

Crain’s hopes you and your company feel inspired to start a new relationship or enhance existing ones. Happy Holidays.

Warmest regards,

V.P. & PublisherCrain’s New York Business

Crain’s Giving Guideis produced by the marketingdepartment of Crain’s New York Business.

Designed by Marleen Adlerblum Design.www.adlerblumdesign.com

For information about the section, orto advertise in the 2012 guide, pleasecontact Sheryl Rose at 212-210-0145 [email protected]

PHILANTHROPIC OPPORTUNITIES

CRAIN’S

I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S

S2 A Special Advertising Supplement to Crain’s New York Business


A Message

From

Jill Kaplan

CNYB Giving Guide 2011-FINAL.indd 2 11/29/2011 4:38:10 PM

At Thurgood Marshall Academy for

Learning and Social Change in Harlem,

students are making change in a lot of

different ways.

Like Matenin Sangare, who was one of

ten students who ran and operated a

real Capital One Bank branch inside of

her school and helped her peers learn

about money - how to save it, grow it

and spend it wisely.

Capital One Bank, Investing for Good in New York City, by helping youth prepare for

a future of financial security.

Matenin Sangare

Thurgood Marshall Academy for Learning and

Social Change, Harlem, Graduating Class of 2011

CN014786 11/16/11 2:30 PM Page 1

No business can fulfi ll its potential without philanthropy. Philanthropy is not simply throwing change to a beggar or resources

to a group or cause; that is charity—helping to support a temporary need.

Philanthropy, on the other hand, is a deliberate

plan to address—through the contribution of

time, talent, and treasure—specifi c societal needs

in such a manner that the need will, over time,

diminish and ultimately be eradicated. This article

briefl y identifi es certain benefi ts of philanthropy.

Build better communities

Businesses benefi t from the

stability of the communities

in which they do business and

also the quality of the avail-

able workforce. Given this, al-

truism aside, businesses have a

fi scal responsibility to be good

stewards of their communities.

A defi ned plan for philanthro-

py is the most effi cient manner

to fulfi ll that responsibility.

Homelessness, for example, in addition to the

dehumanizing impact it has on the homeless

themselves, can be a genuine drain on the business

community. Increased crime, concerns for safety,

and the allocation of tax dollars to programs to

triage the homeless problem, are just a few of the

negative impacts.

That said, it makes good

sense for businesses to

devote some of their fi nan-

cial and people resources to

plans and programs designed

to eliminate homelessness

and transform the homeless

into contributing members

of society.

Build brand identity

Philanthropic outreach also


PHILANTHROPY IS GOOD BUSINESSHow contributing your time, talent, and treasure can benefi t your bottom line

By Crystal and Michael Freed

is an effi cient mechanism to build and reinforce

brand identity. Yoplait contributes to breast cancer

research; Cheerios supports childhood reading;

and your business can and should support causes

that resonate and communicate how your business

wants to be perceived with your customer base.

Philanthropic giving is good news about your com-

pany and will often garner “earned media,” which

is generally more effective than paid advertising.

Philanthropic outreach also earns a company repu-

tation for being a good and responsible corporate

citizen. This type of goodwill results in a benefi t of

the doubt when bad news or company crises arise.

Boost employee morale

Philanthropy is also a powerful tool to boost em-

ployee morale. A great workplace creates a team

atmosphere in which team members feel that they

are a part of something bigger than transaction

costs on an assembly line of corporate profi t.

In the words of Ralph Waldo Emerson,

“philanthropy is one of the most beautiful

compensations of this life that no man can

sincerely try to help another without helping

himself…”

Design a company philanthropy plan and permit

and encourage employees to support it with their

time and talents and even treasure; a bond and

commitment will emerge that surpasses what can

be accomplished with wages, hours, and working

conditions.

The “feel good” factor

Philanthropy is a morale boost because, among

other things, it personally feels good. It feels good

to help people; it feels good to improve circum-

stances; it feels good to do something constructive

about social ills.

The personal benefi ts are many, but may include

confi dence, attitudinal lift, and improved

emotional and even physical health.

The bottom line is that philanthropy—in addi-

tion to being the right thing to do morally—when

purposefully and effectively implemented, is good

for your business and your personal bottom line.

http://advantagebizmag.com/archives/6535

A great workplace creates

a team atmosphere in

which team members

feel that they are a part

of something bigger than

being transaction costs

on an assembly line of

corporate profi t.Continues on page s6


CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4CNYB Giving Guide 2011-FINAL.indd 4 11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM11/29/2011 4:38:28 PM

YOU

UJA-FEDERATION

GOOD

TOGETHER

+

We’ve always believed in the power of community. It’s the only way we can feed the hungry,

respond to families facing crisis, and connect the next generation of Jews to their Jewish

identity in New York, in Israel, and around the world. Through the power of our network of

agencies, synagogues, and other organizations, we can literally multiply your impact.

Today we’re more than 60,000 donors reaching 4.5 million people across 60 countries.

Now that’s good together.

To learn more about how we’re good together,

visit us at www.ujafedny.org.

CN014807 11/29/11 1:05 PM Page 1

THE BUSINESS BENEFITS OF PHILANTHROPYIt’s not just about the giving, buthow you give creates a stronger connection to your employees and the community, and it reinforces long-term connections.By Tiffany Finley

Epic Media Group is one of several

corporations recognizing the value of

philanthropic investments to improve

brand value and give back to the community.

On the surface, this shift may point to improved

business ethics and morals, but below the surface

the business strategy is hard to miss. Investing

in strategic philanthropic efforts can connect a

company to its own employees, customers, and

future clients.

Employee productivity, retention, and loyalty all

impact the profi t-portion of a

business’ bottom line. Epic’s

Chief Marketing Offi cer,

Mike Sprouse, found that by

connecting with employees

on a personal level, he could

learn more about what was

important to each of them.

Leveraging this knowledge

to decide how to invest company philanthropic

dollars and volunteer time has immensely

enhanced the human face of their business. Large

companies continually struggle with employees

becoming numbers in place of people. This simple

switch can increase employee involvement,

retention, and productivity.

By selecting 30 different charities to receive

fi nancial or other forms of aid, Epic was able to

focus only on those organizations where employees

were in some way involved. Connecting these dots

lead to the realization that clients and strategic

partners were also closely linked to these charities,

increasing Epic’s visibility and strengthening

their business relationships. This type of targeted

advertisement is better

known as “cause marketing.”

When companies connect

with charities to aid them

in their work, the company

also receives the benefi t of

positive marketing from the

relationship.

One of the chief misinterpretations of corporate

charitable giving is that it must always be in

monetary form. Volunteering, event fundraising,

and publicity are also ways in which a business, big

or small, can help bring awareness to charitable

work in their community. Even small donations

can make a big impact on small organizations. So

connecting the dots between employee interests,

client investments, and strategic philanthropy can

lead to healthier community relationships. While

charities receive donations, companies receive

positive publicity, strengthen ties with partners,

and increase employee loyalty, making this a win-

win situation for the business and the community.

This article originally appeared at http://www.triplepundit.com/2011/03/

business-benefi ts-philanthropy/

FIRST STEPS FOR GIVINGPart of Rockefeller Philanthropy Advisors’ Philanthropy Roadmap series

Charitable giving can—and should—be a source of great satisfaction for donors who use their resources to support organizations doing important

work. It can also be a complex process with seemingly endless options in approach, strategy, and execution.

In creating a plan for giving, donors are

faced with decisions about areas of interest,

type of grant, length of commitment, and

desired impact. In order to ensure that your

philanthropy is meaningful and rewarding for

you or your business, it is important to examine

your goals, style, and values to fi nd the approach

that will work best for you. By exploring your

motivations and commitments, in consultation

with trusted advisors, you can develop the kind

of relationships with nonprofi t organizations

that will fulfi ll your philanthropic goals.

Step One

Refl ect on the interests and the kinds of

organizations your company most admires.

What are the issues or areas of charitable work

that are most attractive? This exploration can

be informed by your past experiences, stories

you see in the news or hear from others, the

thoughts and insights of friends, family, and

colleagues. It is also helpful to read articles

or reports that deepen and expand your

understanding of the issues you might want your

philanthropy to address.

The areas on which you

choose to focus could be

geographical, social, or

specifi c to research or

advancement topics. As

you engage in this process,

keep in mind that many

donors design their giving to

refl ect a variety of personal

motivations—the what and

why of giving.

Such motivations might include:

Family Legacy And Heritage

This includes family history or cultural

background, cities or regions, and issues that

have been important to older or younger

generations.

Causes Or Affi liations

This includes specifi c concerns or activities

you may have been touched by or involved

with, as well as other causes or affi liations with

which you may wish deepen your connection or

become involved with for the fi rst time.

Values

These are the social, cultural, political, or artistic

issues that you want to promote through your

support. Donors can share their own experiences

and lessons learned, which

will help guide your inquiry.

Look for opportunities—

open houses or other public

events—to visit local

nonprofi ts involved in issues

of interest to you in order to

learn more about how they

do their work and to see their

programs in action.

To read more about creating a roadmap for your

philanthropy, visit www.rockpa.org

Investing in strategic

philanthropic efforts can

connect a company to its

own employees, customers,

as well as future clients.

In order to ensure that your

philanthropy is meaningful

and rewarding for your

business, it is important

to examine your goals,

style, and values to fi nd the

approach that will work

best for you.





Organization Name

Address: 75 Maiden Lane, 10th Floor, New York, NY 10038Phone: (212) 505.7700 or (800) 519.2678Website: www.ORTamerica.org Total Employees: 82Annual Revenue: $16 million (on average)Year Established: 2007 (following a merger of American ORT(1922) and Women’s American ORT (1969)

Managing Executives: (For a complete listing, please

visit our website)

Board of Directors: (For a complete listing, please

visit our website)

Goals: ORT, the world’s largest global non-governmental education organization, works in 55 countries to educate and train more than 300,000 students annually. With a legacy over 131 years strong, ORT adapts to the competitive needs of global communities.

From Israel to Argentina to the United States and beyond, ORT offers students a superb education in innovative fi elds such as: robotics, biochemistry telecommunications, renewable energy, medical reporting, and more. ORT America seeks to partner with communities and listens to their needs. Through these partnerships, students, teachers and educational professionals establish sustainable education that fosters ingenuity and greatness. We are the one organization which has bridged the gap between good intentions and great results.

● In the U.S. 80% of the class of 2011 is employed in their fi eld of study. ● In Latin America, ORT Uruguay has become the largest private university in the country ● Since its launch in 2007, ORT’s Kadima Mada (Science Journey) Program, has revolutionized science and technology education for over 45,000 students in 87 schools in communities with high levels of unemployment.

Volunteer/Giving Opportunities: With a strong three-star rating from Charity Navigator (the largest independent charity evaluator in the U.S.), ORT America is always looking for ambassadors who are passionate about education and its communal impact upon communities. Whether attending an event, participating in a mission to see our programs in action, or cultivating new ORT champions, we invite you learn more.

To fi nd out how “ORT Works!” contact Geoges Berges (Nat’l Director of Corporate, Foundation Relations & Special Projects) at 800-519-2678 Ext 224 or [email protected].

Mission Statement:ORT America is a Jewish organization committed to strengthening communities throughout the world by educating people against all odds and obstacles. Service Area:ORT America (www.ortamerica.org) is headquartered in New York City and serves as the largest fundraising arm of World ORT (www.ort.org). In the United States, ORT sustains training programs and colleges in Queens and Brooklyn, NY; Chicago, IL; Detroit, MI; and Los Angeles, CA.

Stuart FrankenthalVice President

Gail LanznarVice President

Marilyn EagerVice President

Grace K. MendelsonTreasurer

Shelley B. Fagel National President

John VerStandigChair, National Executive

Committee

Alan E. KlugmanNational Executive Director

|

2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S

At ORT schools in the United States, 80% of the Class of 2011 are employed in their field of study, and Rachel Cohen is one of them.

ORT bridges the gap between good intentions and great

results every day, as we have done for over 130 years. ORT

educates over 300,00 students around the world every year.

Are you ready to join the education revolution?

For more details on becoming involved with ORT America, contact Georges

Berges, National Director of Corporate, Foundation Relations & Special

Projects at 212.547.9124 or [email protected].

ORTamerica.org | twitter.com/ORTamerica | facebook.com/ORTamerica | [email protected]

Rachel Cohen, Graphic Designer

ORT America, Inc.

Top Sources of Funding (by percent):Jewish Federation – 43%ORT America Regional assignments (via events) – 36%Donations/Legacies – 21%

Jewish Federation

ORT America Regional assignments (via events)

Donations/Legacies



2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S2 0 11 G I V I N G G U I D E | P H I L A N T H R O P I C O P P O RT U N I T I E S

Stephen H. Chase, President

President, Clean Venture, Inc.

Catherine G. Patsos, Vice President

Managing Member, The Law

Offi ce of Catherine G. Patsos,

LLC

Jessica Catlow, Secretary

Attorney, Mintz, Levin, Cohn,

Ferris, Glousky and Popeo, P.C.

Ramesh Shah, Treasurer

Chairman Emeritus, WNS

North America, Inc.

Merrie Frankel, Vice

President & Senior Credit

Offi cer, Moody’s Investor

Services

Sandra Gansberg, Vice

President/Associate Broker,

Prudential Douglas Elliman

James Golden, Director,

Joele Frank, Wilkinson Brimmer

Katcher

Cynthia B. Green, Ph.D., Member of the Board,

Governmental Accounting

Standards Board

Philipp Hecker, Head of

Strategy, Deutsche Bank PWM

David Kuperberg, CEO,

Cooper Square Realty, Inc.

Barbara Malatesta, Community Advocate

Mary M. Massimo, Ph.D., Senior Advisor and

Consultant, Human Resources

Adil Nathani, Managing

Principal, QMS Capital

Management, LP

Stephanie Nickerson, Ph.D., Instructional

Consultant

Benjamin Panter, Associate, Kirkland and Ellis

LLP

Karen Roth, Senior

Director, NYC Health and

Hospital Corporation (retired)

Address: 2 Washington Street, 9th Floor New York, New York 10004Phone: 212-780-1400Website: www.communityaccess.orgTotal Employees: Full-time: 241 Part-time: 22Annual Revenue: $23,385,148Year Established: 1974

Managing Executives: Steve Coe, Chief Executive Offi cer

Board of Directors:

Mission Statement:Community Access assists people with psychiatric disabilities in making the transition from shelters and institutions to independent living. We provide safe, affordable housing and support services, and we advocate for the rights of people to live without fear or stigma.

Service Area:New York City

Why Community Access MattersEvery year, Community Access makes a big difference in the lives of nearly 2,000 people who are overcoming mental illness and homelessness. We help get people off the streets, out of shelters and hospitals, and into safe, affordable homes. We invest in people’s unique talents and abilities—and strengthen the community—through job training, health and wellness programs, counseling, creative arts workshops, pet therapy, and so much more! Through all of these efforts, we empower individuals to understand that recovery is possible—and within reach.

Of Note:We maintain a core value that at least 51% of our staff at all levels of the organization are or have been consumers of mental health services. For Community Access, being a resource for people with mental illness starts with building a community within the organization that demonstrates inclusion and empowers people to use their life experiences and talents to help others.

Our affordable housing programs provide homes to over 1,100 individuals in Manhattan, Brooklyn, and the Bronx. Our programs enable people with mental illness to live side-by-side in buildings with working families. By successfully blending together these populations, we reinforce real world experiences—and fi ght stigma—by helping residents celebrate this simple fact: we are all a part of the same community.

In partnership with Foothold Technology, Community Access co-created AWARDS (Affordable Wide-Area Relational Database System), which has become an industry standard software for behavioral health care providers.

With over 800 graduates since 1995, our Howie the Harp (HTH) job training program has transformed the landscape of New York City’s behavioral health care workforce. HTH graduates are found in most New York City Department of Health and Mental Hygiene-funded programs working as peer specialists, case managers, vocational counselors, and in many other positions. Outcome surveys indicate that 65% of graduates have full-time jobs with earnings that are at least three times above the poverty threshold, compared to 95% of incoming trainees who are earning less than $10,000 annually.

We are a movement. We are pioneers. We are a proven solution to help individuals achieve their potential, overcome mental illness, and break the cycle of poverty and homelessness.

Notable Awards and Recognition2011: ● Top 10 Semifi nalist, New York Times Company Nonprofi t Excellence Awards ● Supportive Housing Project Champion Award, Corporation for Supportive Housing2008: ● Robin Hood Foundation “John F. Kennedy, Jr. Hero Awards” to Community Access CEO, Steve Coe, and HTH Director, Dwayne Mayes, recognizing achievements in combating poverty in New York City.2006: ● Brooklyn Chamber of Commerce Award for Excellence in Affordable Housing Development2005: ● PBS Visionaries series hosted by Sam Waterston features Community Access as a model organization.

Join our Cause. Help us to Help Others.Community Access strives to be a place where individuals and families can come together for learning, support and opportunity. What we have learned, and continue to celebrate, is this simple fact: when people are given the opportunity to learn skills and tap into their innate abilities, a powerful transformation is triggered that benefi ts the individuals, their families, and our community.

Creating life-changing opportunities is only possible with the support of caring individuals, companies, and foundations who believe that access to housing, education, employment, and health care are fundamental human rights. We invite you to join our cause to help us make an even bigger impact. When you give to Community Access, you make an investment to support your neighbors, your friends, your loved ones…yourself.

Anastasia P. Vournas, Co-Founder, Uhrig-Vournas

Ventures

Strategic Advisor to the Board of Directors:

Community Access, Inc.

Top Sources of Funding (by percent):Government – 70%Foundations/Corporations – 7%Individuals – 3%Earned Income – 20%

Government

Earned Income

Individuals

Foundations/Corporations


CN014803 11/29/11 12:50 PM Page 1



United Way of New York CityMission Statement: United Way of New York City fi ghts poverty across the fi ve boroughs. We design and invest in outcome-driven programs that ensure low-income New Yorkers have both a safety net and a springboard to a better life. We rigorously evaluate our work and use lessons learned to advance citywide policies and practices that support New Yorkers in overcoming poverty by improving educational outcomes, strengthening fi nancial stability, and promoting healthier lifestyles.

Service Area: New York City

Goals: United Way of New York City combats poverty at its roots by focusing on Education, Income, and Health – the building blocks of a better life.

In Education, we partner with educators and families to ensure that children from low-income neighborhoods are reading profi ciently by the time they complete third grade – a vital foundation for success in middle school and beyond. We are also working to improve graduation rates in 60 underserved public schools through intensive academic, social, and emotional support for incoming 9th graders at high risk of dropping out.

In Income, United Way connects struggling New Yorkers to available benefi ts and work supports that can help them meet their daily living needs. We also provide fi nancial coaching to equip families with the money management skills needed to achieve long-term fi nancial stability.

In Health, United Way of New York City provides funding and technical assistance to more than 500 soup kitchens. We not only ensure that hungry New Yorkers are able to feed their families, we make sure that the food they get is the freshest, most nutritious food possible.

Fundraising Events: Our signature fundraising events include the Gridiron Gala (May 2012) and the Women’s Leadership Council Annual Awards Luncheon (March 2012).

Volunteer/Giving Opportunities: Because we believe that everyone has a role to play in creating pathways out of poverty, we actively seek to engage caring New Yorkers as donors, advocates, and volunteers. Investing in United Way of New York City’s work means making sure struggling New Yorkers get the support services they need right now, while contributing to real, sustainable change in our community.

United Way of New York City offers a wide variety of volunteer opportunities for individuals and companies. Our BoardServeNYC initiative, for example, trains business professionals in nonprofi t governance, and then matches them with local nonprofi t groups seeking new Board members. We also regularly arrange group volunteer projects and donation drives that match our corporate partners with local nonprofi ts in need of their assistance.

Address: 2 Park Avenue, New York, NY 10016Phone: (212) 251-2500Website: www.unitedwaynyc.org Total Employees: 92Annual Revenue: $77,671,466 (FY 2011)Year Established: 1938

Managing Executives: Gordon J. Campbell, President & CEO

Elwanda Young, Senior Vice President & Chief

Operating Offi cer

Jay Aronowitz, Senior Vice President & Chief

Financial Offi cer

Jennifer Jones Austin, Senior Vice President,

Community Investment

Kevin M. Taylor, Senior Vice President,

Institutional Advancement

Top Sources of Funding (by percent):Individual /Corporate Giving – 60%Grants/Contracts – 35%Events – 3%Other – 2%

Individual /Corporate Giving

EventsOther

Grants /Contracts

Karen B. Peetz, Board Chair

Saundra Williams-Cornwell, Esq., Vice Chair

Donald F. Donahue, Treasurer

Charles P. Wang, Secretary

Board of Directors:

Members: Richard J. Buery, Jr.

Susan L. Burden

Joseph A. Cabrera

J. Emilio Carrillo, MD, MPH

Harry D. Carson

Anthony Carvette

Thomas S. Chen

Marianne D. Cooper

Stephen J. Dannhauser

Brendan Dougher

Gerald P. FitzGerald

William K. Flemming

Rev. Dr. James A. Forbes, Jr.

Robert Friedman

George B. Irish

Robert J. Kueppers

Terry J. Lundgren

Anish Melwani

Peyton Patterson

Carlos Sanchez

Michael J. Schmidtberger

Jeff Sherman

David H. W. Turner

Karyn L.Twaronite

Nancy Wackstein

Cheryle Wills

Sheena Wright

Rudolph L. Wynter

Nancy Zimpher, Ph.D.

CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10CNYB Giving Guide 2011-FINAL.indd 10 11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM11/29/2011 4:39:30 PM

GIVE. ADVOCATE.VOLUNTEER.

Your investment in United Way helps change those odds.

United Way of New York City is fighting poverty across the five boroughs with

evidence-based programs that help low-income individuals and families build better lives.

We need your help. Give today, unitedwaynyc.org/donate JOIN US:

youtube.com/unitedwaynyc

facebook.com/unitedwaynyc

twitter.com/unitedwaynyc

LIVE UNITED

1IN5

LIVES IN POVERTY1IN5NEW YORKERS

LIVES IN POVERTY

CN014776 11/11/11 5:10 PM Page 1



Ronald McDonald House

New York

Goals: For a family traveling to New York City seeking life-saving treatment for their child’s cancer, stress, grief, and uncertainty are among the many burdens that they carry with them on their journey. Families come to New York with the hope that they will leave the House to begin a new life, leaving cancer behind. What our guests fi nd is a gentle respite from their battle; a place fi lled with love, light, and the support of thoughtful staff and volunteers who anticipate their every need.

At Ronald McDonald House New York, we provide a home-away-from-home in the truest sense for the more than 25,000 families who have stayed with us, and continue to seek our shelter.

We hope that you will feel a sense of pride in knowing that you play a very important role in the story of Ronald McDonald House New York, and participate in our Share a Night program where you can help provide a night of relief for a family battling pediatric cancer.

Fundraising Events: Light a Light, Share a Night: For more than 30 years, families staying at Ronald McDonald House New York have benefi ted from the generosity of kind, compassionate supporters who recognize the fi nancial burden caused by cancer. Families staying at the House are asked for a donation of $35 per night; however, no family is turned away for their inability to pay. Through our Share a Night program, millions of New Yorkers have helped to bridge the gap by providing much-needed funds that help us to provide more than just simply shelter, but a true home-away-from-home for families from more than 70 countries worldwide. We hope you will join us as we celebrate our Share a Night program.

For more information on how you can help support a family’s stay at Ronald McDonald House New York, contact us at (212) 639-0100, or [email protected]. Volunteer/Giving Opportunities: Community Group Giving – Ronald McDonald House® New York has many friends in the community that help the House. Whether they contact us after seeing our Web site, or have been referred by another group that has had a positive experience here at the House, we treat each group as having the potential for doing great things for the families.

With an 84-room facility, that costs more than $200,000 per year to operate, the needs are great. With each point of contact, we seek to engage organizations to be partners with the House to help us bridge the gap and meet our operational needs while supporting our families. In addition to the 250 volunteers who serve weekly as part of Team Ronald McDonald, we work with over 200 faith based, corporate and community groups to better serve the families at Ronald McDonald House New York.

While families are asked to provide a donation of $35 per night, the cost to operate the facility is more the $20,000 per night. The services provided by our volunteers helps to reduce the operating costs of the facility.

Board of Associates:Ronald McDonald House New York is currently recruiting for its Board of Associates volunteer committee. The Board of Associates is a non-policy making committee comprised of individuals of stature in the community who have access to resources of great value that further the House’s mission of providing a home away from home for families battling cancer. The committee relies on its members’ passionate creativity to coordinate individual- and team-based projects that will assist with fundraising, service to families residing at the House, social activities, and mentoring relationships.

If you’re seeking a challenging, highly visible opportunity to help spread awareness about this very important cause and contribute through either of these opportunities, please contact Richard Martin at [email protected], or 212-639-0206. For the Board of Associates, please include a resume or CV with your inquiry.

Stanley B. ShopkornChairman Of The Board

Milton R. BerlinskiVice Chairman

Harris DiamondVice Chairman

Tina LundgrenVice Chairman

Richard J. O’Reilly, MDVice President

Peter L. SamahaVice President

George SimeoneVice President/Finance Committee Chair

Shelly S. Friedman, Esq.Secretary

James F. FlanaganTreasurer

Address: 405 East 73rd Street, New York, NY 10021 Phone: 212-639-0100Website: www.rmh-newyork.org Total Employees: 47Annual Revenue: $15,682,000Year Established: 1978

Managing Executives: William T. Sullivan President & Chief Executive

Offi cer

Joseph Guidetti Chief Financial Offi cer

Board of Directors:

Mission Statement: Ronald McDonald House New York provides a temporary “home-away-from-home” for pediatric cancer patients and their families.The House is a supportive and caring environment which encourages and nurtures the development of child-to-child and parent-to-parent support systems. Ronald McDonald House New York is the largest facility of its type in the world.

Service Area: Housing

Top Sources of Funding (by percent):Public Support – 53.3%Special Events – 34.9%Other Revenue – 11.8%

Public Support

Other Revenue

Special Events


More than

25,000 families

have found shelter in the

heart of New York City.

Help a family battling cancer

this season by donating

$35for a night’s stay at

Ronald McDonald House

New York.

405 East 73rd StreetNew York, NY 10021

www.rmh-newyork.org/crains

www.twitter.com/rmhnewyork

www.facebook.com/rmhnewyork

Ronald McDonald House® New York

Light a Light!Share a Night!

CN014792 11/17/11 4:22 PM Page 1



YMCA of Greater New York

Address: Association Offi ce 5 West 63rd Street (6th Floor) New York, New York 10023Phone: (212) 630-9600Website: www.ymcanyc.org Total Employees: 4,000Annual Revenue: $9,442,729 (2011 total fundraising)Year Established: 1852

Managing Executives: Jack Lund, President & Chief Executive

Offi cer

Michael Guarino, Executive Vice President &

Chief Financial Offi cer

Rena McGreevy, Senior Vice President & Chief

Operating Offi cer

Paul Custer, Senior Vice President & Chief

Administrative Offi cer

Connie Fishman, Senior Vice President of Real

Estate

Gary Laermer, Senior Vice President & Chief

Development Offi cer

Mission Statement: The YMCA of Greater New York is a community service organization which promotes positive values through programs that build spirit, mind and body, welcoming all people, with a focus on youth.

Service Area: Youth development, healthy living and social responsibility

Goals: $10 million

Fundraising Events: The annual YMCA of Greater New York’s Dodge Dinner supports the Y’s diverse platform of programs for youth and teens. The Dodge Award is presented each year to an individual who epitomizes the tradition of altruistic humanitarian service that New York’s Dodge family has demonstrated since helping to found New York City’s YMCA in 1852.

The Y’s annual Arts & Letters Reception benefi ts the Y’s After School Academy, which provides 15,000 New York City public school children enrichment in fundamental literacy skills and the arts fi ve days a week during the critical hours between 3 and 6 p.m.

Giving Opportunities: New York City’s YMCA works tirelessly to ensure that our kids are healthy and safe. We want their lives to always enjoy a sense of promise. We encourage actions that contribute not only to reaching their own potential, but also to expanding the potential of the communities in which they live. New York’s greatest natural resource is people —especially young people—and they need the Y and the support of the Strong Kids Campaign. Contributions to the Y’s Strong Kids Campaign ensure that no child is turned away from life-enhancing programs because of inability to pay. Every gift counts because every kid counts. Give to the Strong Kids Campaign and you are contributing to the future of New York.

Top Sources of Funding (by percent):Total 2011 YMCA Fundraising: $9,442,729Corporations/Foundations – 61%Individual Giving – 39%

Giving is broken out as follows: OPERATING FUNDRAISING: $8,923,822Corporations/Foundations – 64%Individuals – 36%CAPITAL FUNDRAISING: $428,290Corporations/Foundations – 18.5%Individuals – 81.5%ENDOWMENT:

Total: $90,617Individuals: 100%

Corporations/Foundations

Individual Giving

Diana Taylor, Chair

Managing Director

Wolfensohn & Co. LLC

Glenn Lau-Kee, Vice Chair

Partner

Kee & Lau-Kee, PLLC

Sal Maglietta, Vice Chair

Executive Vice President

U.S. Bank

John Wallis “Jack” Rowe, MD, Vice Chair

Professor, Columbia University

Mailman School

Chairman & CEO (retired),

Aetna

Kevin Burke, Immediate

Past Chair

Chairman, President & CEO

Consolidated Edison, Inc.

Michael C. Alfano, DMD, PhDExecutive Vice President

New York University

Nancy CalderonAmericas Region Chief

Administrative Offi cer

KPMG

Janice Reals ElligCo-Chief Executive Offi cer

Chadick Ellig, Inc.

Michelle Y. LeeExecutive Vice President

Wells Fargo

Robert C. LieberExecutive Managing Director

Island Capital Group, LLC

A. Michael Lipper, CFAPresident

Lipper Advisory Services, Inc.

Consuelo MackAnchor & Managing Editor

WealthTrack

Timothy L. PorterChief Client Relationship

Counsel

Proskauer Rose LLP

Seth H. WaughChief Executive Offi cer

Deutsche Bank Americas

Raymond H. YuPresident

Yuco Management, Inc.

Executive Committee of Board of Directors:


CN014773 11/11/11 3:56 PM Page 1



Lincoln Center Corporate Fund

Committee Chair:

Steven Swartz Hearst Corporation

Address: 70 Lincoln Center Plaza New York, New York 10023Phone: 212.875.5430Website: LCCorporateFund.orgTotal Employees: 5Annual Revenue: $5,000,000Year Established: 1969

Managing Executives: Arlene Graime Director

Board of Directors:

Mission Statement: The Lincoln Center Corporate Fund enables corporations, related foundations, and professional fi rms to provide essential unrestricted support to ten world-class organizations resident at Lincoln Center.

Service Area: The Lincoln Center Corporate Fund contributes to the overall mission of Lincoln Center, primarily serving the tri-state metropolitan New York region.

The Lincoln Center Corporate Fund sustains ten of the resident organizations that comprise Lincoln Center, a premier performing arts center and one of New York City’s most important cultural institutions. The Corporate Fund is the sole organization mandated to raise unrestricted funds from the corporate sector for The Metropolitan Opera, New York Philharmonic, The Juilliard School, New York City Ballet, Film Society of Lincoln Center, The Chamber Music Society of Lincoln Center, Lincoln Center Theater, The School of American Ballet, Jazz at Lincoln Center, and Lincoln Center for the Performing Arts. The goal is to raise $5 million by June 30, 2012.

On a deeper level, funding from the Corporate Fund supports each resident organization in developing and offering critical public programs to all throughout New York City. Additionally, the monies provide the general public with access to performances as well as develop the next generation of arts patrons through educational programming that reaches New York City’s children and students.

Lincoln Center impacts the lives of residents in all fi ve boroughs, Long Island, New Jersey, and Connecticut. The organization continues to play a vital role as the cultural center of New York City to some fi ve million visitors each year. Educational programming and materials are produced for over one million students and 14,000 educators annually. Currently, there are 9,000 individuals employed at Lincoln Center in full and part-time work.

Fundraising Events: The 8th Annual Lincoln Center Business Council’s Business Leadership Award Breakfast, will be held on March 14 at TheTimesCenter. The second fund raising event, The First Annual Lincoln Center Corporate Fund Golf Tournament, is taking place on Monday, May 14, at Liberty National Golf Club in Jersey City, NJ. The 39th Annual Real Estate and Construction Council Gala is on Thursday, May 17, in the Damrosch Tent at Lincoln Center. The Business Council will hold a spring networking event focused on cultivating rising, corporate executives, as well as host its Eighth Annual Dizzy’s Club Coca-Cola Event in June. Volunteer/Giving Opportunities: The Lincoln Center Corporate Fund offers its donor companies a wide range of attractive benefi ts such as: corporate venue rental discounts, invitations to Lincoln Center events, and discounted tickets for employees and their families. Our corporate members enjoy one of the most extensive benefi ts packages to not just one, but ten premier performing arts organizations’ performances, events, and venues at Lincoln Center.

Top Sources of Funding (by percent):Corporate – 80% Miscellaneous Individuals/Foundations – 20%

Corporate

Miscellaneous Individuals /Foundations

Committee Members:

Robert F. ArningKPMG LLP

Keith T. BanksBank of America Private

Wealth Management

Angelica Cantlon International Flavors &

Fragrances

Richard A. Cirillo, Esq.King & Spalding LLP

David A. CoulterWarburg Pincus LLC

Thomas H. GlocerThomson Reuters

Richard A. Goldstein

Maurice R. GreenbergC.V. Starr and Co.

David HansenNumara Software

David W. HeleniakMorgan Stanley

Robert A. IgerThe Walt Disney Company

Jill KaplanCrain’s New York Business

Eric G. KnaussLazard Wealth Management

LLC

Charles G. LudmerJ.H. Cohn LLP

Peter L. Malkin, Esq.Malkin Holdings, LLC

William E. MitchellSequel Capital Management,

LLC

Bruce E. MoslerCushman & Wakefi eld, Inc.

Narendra P. MulaniAccenture

Charles F. Niemeth, Esq.Baker & McKenzie LLP

Douglas L. PaulCredit Suisse Securities

(USA) LLC

Ernesta G. ProcopeE.G. Bowman Co., Inc.

Thomas A. RenyiBNY Mellon

William R. RhodesCitigroup, Inc.

Janet L. RobinsonThe New York Times

Company

Michael I. RothInterpublic Group

Sir Howard StringerSony Corporation

Kenneth L. WysePVH Corp.

James D. Zirin, Esq.Sidley Austin LLP

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Lincoln Center generates more than $3.4 billion for New York City.

With one gift to the Lincoln Center Corporate Fund, your company

contributes to 10 world-renowned arts organizations and plays a part

in supporting their artistic, educational, and community programming.

Lincoln Center supports New York City.

The Business You Want To Be In.

In gratitude, your company, employees, and clients will receive benefits which include:

discount tickets for employees, access to backstage tours and rehearsals, exclusive concierge ticket

service, company listing in all Lincoln Center Playbills, priority booking access for corporate events and more.

The Chamber Music Society of Lincoln Center | Film Society of Lincoln Center | Jazz at Lincoln Center The Juilliard School | Lincoln Center Theater | The Metropolitan Opera | New York City Ballet New York Philharmonic | The School of American Ballet | Lincoln Center for the Performing Arts

To learn more, contact: Arlene Graime, Director

[email protected] 212.875.5467

or visit our website: LCCorporateFund.org

Does your corporation support Lincoln Center?

CN014782 11/16/11 2:29 PM Page 1


PUBLIC & LEGAL NOTICESREAL ESTATE

Notice of Formation of LimitedLiability Company (LLC) Name: APCAPITAL MANAGEMENT, LLC.Articles of Organization filed by theDepartment of State of New York on:10/04/2011. Office location: Countyof New York. Purpose: any and alllawful activities. Secretary of State ofNew York (SSNY) designated asagent of LLC upon whom processagainst it may be served. SSNY shallmail copy of process to: 75 BroadStreet #24 Fl New York, NY 10004.

NOTICE of formation of SanderRabin MD JD PLLC. Arts of Org filedw/Sec of State of NY on 9/21/11.Office location: NY County. BusinessFilings Inc 187 Wolf Rd Ste 101Albany NY 12205 designated asagent for service of process againstPLLC and shall mail copy to SanderRabin at principal business address:1350 Broadway Suite 2500 NY NY10018. Purpose: any lawful activity.

77 NY @ 46 ST, LLC, a foreign LimitedLiability Company (LLC) filed with theSec of State of NY (SSNY) on 9/27/11.NY office Location: New York County.SSNY is designated as agent uponwhom process against the LLC maybe served. SSNY shall mail a copyof any process against the LLC servedupon him/her to David Glassman Esq,49 W 24th St 3rd Fl, NY, NY 10010.General purposes.

Notice of Formation of HARTZENERGY CAPITAL, LLC. Arts. of Org.filed with Secy. of State of NY(SSNY) on 10/18/11. Office location:NY County. Princ. office of LLC:Timothy P. Terry, 667 Madison Ave.,24th Fl., NY, NY 10065. SSNYdesignated as agent of LLC uponwhom process against it may beserved. SSNY shall mail process tothe LLC at the addr. of its princ.office. Purpose: Any lawful activity.

Notice of Qualification of USPF IVLaurel Retail GP LLC. Authority filedwith NY Dept. of State on 8/19/11.Office location: NY County. Princ.bus. addr.: Two Ravina Dr., Ste. 400,Atlanta, GA 30346. LLC formed inDE on 7/19/11. NY Sec. of Statedesignated agent of LLC upon whomprocess against it may be servedand shall mail process to: CTCorporation System, 111 8th Ave.,NY, NY 10011. DE addr. of LLC: TheCorporation Trust Co., 1209 OrangeSt., Wilmington, DE 19801. Cert. ofForm. filed with DE Sec. of State,401 Federal St., Dover, DE 19901.Purpose: all lawful purposes.

BKC RENAISSANCE, LLC, a domesticLimited Liability Company (LLC), filedwith the Sec of State of NY on 10/6/11.NY Office location: New York County.SSNY is designated as agent uponwhom process against the LLC maybe served. SSNY shall mail a copy ofany process against the LLC servedupon him/her to Robert E. Michael &Assoc. PLLC, 950 3rd Ave., Ste. 2500,NY, NY 10022. General Purposes.

NOTICE OF FORMATION of ZOE INT.LLC. Articles of Organization filedwith Secretary of State of New York(SSNY) on 10/11/2011. Officelocation: NY County. SSNY hasbeen designated as an agent uponwhom process against the LLC maybe served. The address to whichSSNY shall mail a copy of anyprocess against the LLC is to: ZOEINT. LLC 142 West 83rd Street, NewYork, NY 10024. Purpose: Toengage in any lawful act or activity.

Notice of Formation of Makes Sense!LLC. Arts. Of Org. filed with NYDept. of State on 10/11/11. SSNYdesignated agent of LLC upon whomprocess against it may be servedand shall mail process to c/o GeneralCounsel, 6 E 43rd Street, FL 24, NY,NY 10017. Primary place of businessis 6 E 43rd Street, NY, NY 10017.Purpose: Any Lawful Purpose.

NOTICE OF FORMATION OFJASMONOIDES LLC. Arts of Org filedwith the Secy of State of NY (SSNY)on 06/27/11. Office loc: NY Cty. SSNYdesignated as agent upon whomprocess may be served and shall mailprocess to: c/o United States Corpo-ration Agents, Inc. 7014 13th Ave, Ste202 Bklyn, NY 11228. Principal busi-ness address: 330 East 38th St, NY,NY 10016. Purpose: any lawful acts.

Notice of Formation of HUDSONCITYPOINT LLC. Arts. of Org. filedwith Secy. of State of N.Y. (SSNY) on3/26/10. Office location: New YorkCounty. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to: The LLC, 826 Broadway,11th Floor, New York, NY 10003.Purpose: any lawful activity.

Notice of Formation of 666 PH LLC.Arts. of Org. filed with Secy. of Stateof NY (SSNY) on 08/25/11. Officelocation: NY County. Princ. office ofLLC: 666 Broadway, 12th Fl., NY, NY10012. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to Andrews Building Corp.,Attn: Eugene Andrews or NaomiCahana-Andrews at the princ. office ofthe LLC. Purpose: Any lawful activity.

Notice of Formation of 382 3rd FL LLC.Arts. of Org. filed with Secy. of Stateof NY (SSNY) on 08/25/11. Officelocation: NY County. Princ. office ofLLC: 666 Broadway, 12th Fl., NY, NY10012. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to Andrews Building Corp.,Attn: Eugene Andrews or NaomiCahana-Andrews at the princ. office ofthe LLC. Purpose: Any lawful activity.

NOTICE OF FORMATION OF ScanStudios LLC. Arts of Org filed withthe Secy of State of NY (SSNY) on9/12/11. Office loc: NY Cty. SSNYhas been designated as agent uponwhom process may be served andshall mail a copy of any process tothe principal business address: 817Broadway, Suite 1019, New York, NY10006. Purpose: any lawful acts.

XRS OPERATING L.P., a domesticLimited Partnership (LP) filed withthe Sec of State of NY (SSNY) on7/22/11. NY office Location: NewYork County. SSNY is designated asagent upon whom process againstthe LP may be served. SSNY shallmail a copy of any process againstthe LP served upon him/her to TheLP, c/o XRS Management Inc., Attn:Donald F. Healy, 244 E. 53rd St., NY,NY 10022. Latest date to dissolve12/31/2050. General purposes.

NOTICE OF FORMATION OF: SarmaHoldings WV, LLC. Arts of Org filedwith Sec of State of NY (SSNY) on9/22/2011. Office location: NYCounty. SSNY is designated as agentupon whom process against LLC maybe served. SSNY shall mail a copy ofany process against LLC to: 56Charles St., #2, New York, NY 10014.Purpose: any lawful act or activity.

NOTICE OF FORMATION OF: SarmaHoldings UWS, LLC. Arts of Org filedwith Sec of State of NY (SSNY) on10/06/2011. Office location: NYCounty. SSNY is designated as agentupon whom process against LLC maybe served. SSNY shall mail a copy ofany process against LLC to: 56Charles St., #2, New York, NY 10014.Purpose: any lawful act or activity.

Notice of Formation of Commandersof the Board LLC. Arts. of Org. filedwith Secy. of State of NY (SSNY) on10/26/11. Office location: NY County,SSNY designated as agent of LLCupon whom process against it may beserved. SSNY shall mail process tothe LLC, c/o Renee Yarzig, 160Riverside Blvd., Ste. 17C, New York, NY10069. Purpose: any lawful activity.

Notice of Formation of william herbstgroup llc. Arts of Org. filed with NYSecy of State (SSNY) on 3/18/11.Office location: New York County.SSNY is designated as agent of llcupon whom process against it maybe served. SSNY shall mail processto 211 East 51st St. Eleven D, NewYork, NY, 10022. Purpose: Any law-ful activity.

NOTICE OF QUALIFICATION ofGemini Hospitality Management, LLC.Authority filed with Secy. of State of NY(SSNY) on 10/11/11. Office location:NY County. LLC formed in Delaware(DE) on 10/04/11. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNY shallmail process to: William T. Obeid, c/oGemini Real Estate Advisors, LLC, 200Park Avenue South, Suite 1305, NewYork, NY 10003. DE address of LLC:c/o National Registered Agents, Inc.,160 Greentree Drive, Suite 101, Dover,Delaware 19901. Cert. of LLC filedwith DE Secy. of State, 401 Federal St.,Ste. 4, Dover, DE 19901. Purpose:any lawful activity.

NOTICE OF FORMATION OF TheWilderness of Manitoba/tinyOGRE,LP. Application for Authority filedwith the Secretary of State of NewYork (SSNY) on May 20, 2011. Officelocation: NEW YORK County. LPformed in DE on November 29, 2010.SSNY has been designated as anagent upon whom process against itmay be served. The Post Officeaddress to which the SSNY shall maila copy of any process against the LPserved upon him/her is: 276 FifthAvenue, Suite 604, New York, NY10001. The principal businessaddress of the LP is: 276 FifthAvenue, Suite 604, New York, NY10001. DE address of LP is: 2711Centerville Road, Suite 400,Wilmington, DE 19808. Certificate ofLP filed with Secretary of State ofDE located at: 401 Federal Street,Suite 4, Dover, DE 19901. Purpose:any lawful act or activity.

Notice of Qualification of RM-36Operating LLC. App. for Auth. filedwith Secy. of State of NY (SSNY) on10/3/11. Office location: NY County.LLC formed in Delaware (DE) on8/31/11. SSNY designated as agentof LLC upon whom process against itmay be served. SSNY shall mailprocess to: c/o United CorporateServices, Inc. (UCS), 10 Bank St.,Ste. 560, White Plains, NY 10606. DEaddress of LLC: c/o UCS, 874 WalkerRoad, Ste. C, Dover, DE 19904. Arts.of Org. filed with DE Secy. of State,Townsend Bldg., Dover, DE 19901.Purpose: any lawful activity.

Notice of Qualification of ICONNorthern Leasing 11, LLC. Authorityfiled with Secy. of State of NY (SSNY)on 11/02/11. Office location: NYCounty. LLC formed in Delaware (DE)on 02/02/11. Princ. office of LLC:ICON Capital Corp., 100 Fifth Ave., 4thFl., NY, NY 10011. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNY shallmail process to the LLC at the addr. ofits princ. office. DE addr. of LLC: 2711Centerville Rd., Ste. 400, Wilmington,DE 19808. Arts. of Org. filed with Secy.of State of DE, Div. of Corps., John G.Townsend Bldg., 401 Federal St., Ste.4, Dover, DE 19901. Purpose: Anylawful activity.

Notice of Formation of The ReynardGroup, LLC. Arts. of Org. filed withSSNY on 08/18/11. Office location: NYCounty. SSNY designated as agentupon whom process may be servedand shall mail process to: UnitedStates Corporation Agents, Inc., 701413th Ave., Ste. 202, Brooklyn, NY11228. Purpose: any lawful activity.

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TELECOMMUNICATIONS

Notice of Formation of GEN Y CAPITALPARTNERS I LLC. Arts. of Org. filedwith Secy. of State of NY (SSNY) on11/04/11. Office location: NY County.SSNY designated as agent of LLCupon whom process against it may beserved. SSNY shall mail process toLowenstein Sandler PC, Attn: PeterD. Greene, Esq., 1251 Ave. of theAmericas, NY, NY 10020. Purpose:Any lawful activity.

Notice of Formation of 74 WoosterHolding, LLC. Articles of Organizationfiled with Secy. of State of NY (SSNY)on 11/01/11. Office loc.: New YorkCo. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to the LLC, 27 HowardStreet, Unit 5, New York, NY 11013.Purpose: any lawful act or activity.

Notice of formation of SHERTREMONTE LLP. Arts. of Org. filedwith Secy. Of State of N.Y. on 11/3/11.Office location: NY County. SSNYdesignated as agent of LLP uponwhom process against it may beserved. SSNY shall mail process toprincipal business location: 41Madison Avenue, 41st Fl., NY, NY10010. Purpose: Any lawful activity.

PWAOD LLC, a domestic LLC. Arts.of Org. filed with the SSNY on11/14/2011. Office location: NYCounty. SSNY has been designatedas agent upon whom process againstthe LLC may be served. SSNY shallmail process to: 244 5th Ave, Ste2541, NY, NY 10001. Reg Agent:Allen M. Harvey, CPA, 915 Broadway,Ste 1209, NY, NY 10010. Purpose:Any Lawful Purpose.

Notice of formation of DELDORLASER CENTER LLC. Arts of Org.filled with Secy of State of NY (SSNY)on 10/19/11. Office location: NYCounty. SSNY designated as agentof LLC upon whom process againstit may be served. SSNY shall mailprocess to: The LLC, 109 East 36thStreet, first floor, NY, NY 10016.Purpose: any lawful activity.

Notice of Formation of LONGSONESTATE GROUP, LLC. Articles ofOrganization filed with the Secretaryof State of NY (SSNY) on 11/15/2011.Office location: NEW YORK County.SSNY has been designated as agentupon whom process against it maybe served. The Post Office addess towhich the SSNY shall mail a copy ofany process against the LLC servedupon him/her is: 21 BENNET AVE,# 43, NEW YORK, NY, 10033.Purpose: any lawful act or activity.

AUCTION

Notice of Formation of ARC WaterFront Group LLC. Arts. of Org. filedwith Secy. of State of NY (SSNY) on12/13/2007. Off. loc.: NY Co. SSNYdesignated as agent of LLC uponwhom process against it may beserved. SSNY shall mail process tothe LLC, 240 Riverside Blvd., #28B,New York, NY 10069. Purpose: anylawful act or activity.

Notice of Qual. of Sydell Group LLC,Auth. filed Sec’y of State (SSNY)6/22/11. Office loc.: NY County. LLCorg. in DE 5/25/11. SSNY desig. asagent of LLC upon whom processagainst it may be served. SSNY shallmail copy of proc. to NRAI, 875 Aveof the Americas, NY, NY 10001. DEoff. addr.: 160 Greentree Dr., Ste. 101,Dover, DE 19904. Cert. of Form. onfile: SSDE, Townsend Bldg., Dover, DE19901. Purp.: any lawful activities.

PUBLIC & LEGALNOTICES

Notice of Qualification of 150 FourthAvenue, LLC. Authority filed with NYDept. of State on 11/1/11. Officelocation: NY County. LLC formed inDE on 10/28/11. NY Sec. of Statedesignated agent of LLC upon whomprocess against it may be servedand shall mail process to: c/o CTCorporation System, 111 8th Ave., NY,NY 10011, regd. agent upon whomprocess may be served. DE addressof LLC: 1209 Orange St., Wilmington,DE 19801. Cert. of Form. filed with DESec. of State, 401 Federal St., Dover,DE 19901. Purpose: all lawful purposes.

Notice of Qualification of NRG EnergyServices Group LLC. Authority filedwith NY Dept. of State on 11/10/11.Office location: NY County. Princ. bus.addr.: 211 Carnegie Ctr., Princeton, NJ08540. LLC formed in DE on 10/28/10.NY Sec. of State designated agent ofLLC upon whom process against itmay be served and shall mail processto: c/o CT Corporation System, 1118th Ave., NY, NY 10011, regd. agentupon whom process may be served.DE addr. of LLC: 1209 Orange St.,Wilmington, DE 19801. Cert. of Form.filed with DE Sec. of State, 401Federal St., Dover, DE 19901.Purpose: all lawful purposes.

Notice of Qualification of IMG College,LLC. Authority filed with NY Dept. ofState on 9/15/11. Office location: NYCounty. Princ. bus. addr.: 1360 E. 9thSt., Cleveland, OH 44114. LLC formedin DE on 10/8/10. NY Sec. of Statedesignated agent of LLC upon whomprocess against it may be served andshall mail process to: c/o CT CorporationSystem, 111 8th Ave., NY, NY 10011,regd. agent upon whom process maybe served. DE addr. of LLC: TheCorporation Trust Co., 1209 OrangeSt., Wilmington, DE 19801. Cert. ofForm. filed with DE Sec. of State,401 Federal St., Dover, DE 19901.Purpose: all lawful purposes.

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PUBLIC & LEGAL NOTICES

Avenue of Admissions LLC Articles ofOrg. filed NY Sec. of State (SSNY)09/19/2011. Office in NY County.SSNY designated Agent of LLC uponwhom process may be served. SSNYshall mail copy of process to 40 WallSt., 28th FL NY, NY 10005. Purpose:Any lawful purpose.

NOTICE OF FORMATION of LumaRealty I LLC Art. of Org filed Sec’y ofState (SSNY) 10/26/11. Office location:New York County. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNYshall mail copy of process to c/oJames P. DeMare, 25 North MooreSt., Apt 4B, New York, NY 10013.Purpose: any lawful activities.

NOTICE OF QUALIFICATION OFNuVel Technica, LLC. Arts. of Org.filed with Secy. of State of NY (SSNY)on 08/16/11. Office in NY County.Formed in NJ: 09/2010. SSNY desig-nated as agent of LLC upon whomprocess against it may be served.SSNY shall mail process to LLC:1005 80th St, North Bergen, NJ07047. Purpose: any lawful activity.

Notice of formation of GASM.ORGL.L.C., Arts. of Org. filed with Secy.of State of NY (SSNY) on 3/24/11.Office located in: NY County. SSNYhas been designated for service ofprocess. SSNY shall mail copy ofany process to: the LLC, 789 WestEnd Ave, 12B, NY, NY 10025.Purpose: Any lawful purpose.

NOTICE OF FORMATION OF OFFICEFOR VISUAL AFFAIRS LLC. Arts ofOrg filed with the Secy of State of NY(SSNY) on 06/21/11. Office loc: NYCounty. SSNY designated as agentupon whom process may be servedand shall mail process to: 299Broadway, Ste 1305, NY, NY 10007.Principal business address: 87Chrystie St, Ste 5B, NY, NY 10002.Purpose: any lawful acts.

Notice of Formation of Jon KilmerStudios, LLC. Arts. of Org. filed withNY Dept. of State on 10/20/2011. LLCformation on 11/1/2011. Office location:NY County. Sec. of State designatedagent of LLC upon whom processagainst it may be served and shallmail process to: Jonathan W. Kilmer,277 Ave. C, Apt. 7A, NY, NY 10009,regd. agent upon whom process maybe served. Term: until 1/1/2041.Purpose: all lawful purposes.

Notice of Formation of FNA MedicalDiagnostics, PLLC. Arts. Of Org. filedwith Secy. of State of NY (SSNY) on10/18/2011. Office location: NY County.SSNY designated as agent of PLLCupon whom process against it may beserved. SSNY shall mail process to: ThePLLC, 300 W 110th st. #3K, NY, NY10026. Purpose: any lawful activity.

NOTICE OF FORMATION OF MOAKSPLLC. Arts of Org filed with SSNY on8/26/11. Office location: NY County.SSNY has been designated as agentupon whom process may be servedand shall mail a copy of any processto the principal business address: 51W. 69th St. #4D, NY, NY 10023.Purpose: any lawful acts.

Notice of Qualification of Pure GrowthPartners LLC. Authority filed withSecy. of State of NY (“SSNY”) on7/21/11. Office location: NY County.LLC formed in DE on 6/2/10. SSNYdesignated agent of LLC upon whomprocess against it may be served.SSNY shall mail process to: AlisonNewman, Alston & Bird LLP, 90 ParkAvenue, NY, NY 10016. Bus. addr.:575 Madison Ave., NY, NY 10022. DEaddr. of LLC: United Co. Services,Inc., 874 Walker Road, Suite C, Dover,DE 19904. Cert. of LLC filed with DESecy. of State, 401 Federal St., Dover,DE 19901. Purpose: any lawful activity.

NOTICE OF FORMATION of MAVELSTUDIO LLC. Arts. of Org. filed withthe Secy. of State of NY (SSNY) on10/19/11. Office location: NY County.SSNY designated as agent of LLCupon whom process against it may beserved. SSNY shall mail process to :The LLC, 195 Stanton St., 4H, N.Y., N.Y.,10002. Purpose: any lawful activity.

NOTICE OF FORMATION OF LIMITEDLIABILITY COMPANY. NAME: DOGBITE ADVERTISING, LLC. Articles ofOrganization were filed with theSecretary of State of New York (SSNY)on 10/14/11. Office location: New YorkCounty. SSNY has been designated asagent of the LLC upon whom processagainst it may be served. SSNY shallmail a copy of process to the LLC, c/oProner & Proner, 60 East 42nd Street,New York, New York 10165. Purpose:For any lawful purpose.

NOTICE OF QUALIFICATION ofBespoke Jewel Finder, LLC. App forAuthority filed with the Secy of State ofNew York (SSNY) on 8/15/11. Officelocation: NY County. LLC formed inDE on 7/26/11. SSNY designated asan agent upon whom process may beserved and shall mail a copy of anyprocess to the principal businessaddress: 360 E. 88 St., #12B, NY, NY10128. Cert. filed with Secy of Stateof DE: 401 Federal St., #3, Dover, DE19901. Purpose: any lawful act.

NOTICE OF FORMATION of REFERENCE FRAME LLC. Arts. of Org.filed w/ Sec. of State of NY (SSNY) on8/25/2011. Office in NY County. SSNYdesignated as agent upon whomprocess against the LCC may beserved. SSNY shall mail process tothe LLC, 510 W. 135th Street, RM 9,NY, NY, 10031. Purpose of LLC: Anylawful activity.

Notice of Qualification of StarrProtection Solutions, LLC. Authorityfiled with NY Dept. of State on 10/19/11.Office location: NY County. LLCformed in IL on 9/6/11. NY Sec. ofState designated agent of LLC uponwhom process against it may beserved and shall mail process to: c/oCT Corporation System, 111 8th Ave.,NY, NY 10011, regd. agent upon whomprocess may be served. Principaloffice addr.: 399 Park Ave., NY, NY10022. Cert. of Org. filed with IL Sec.of State, 501 S. 2nd St., Springfield, IL62756. Purpose: all lawful purposes.

Name of LLC: AlShamsi Capital LLC.Arts. of Org. filed with NY Dept. ofState: 10/27/11. Office loc.: NY Co.Sec. of State designated agent ofLLC upon whom process against itmay be served and shall mail processto: c/o Business Filings Inc., 187 WolfRd., Ste. 101, Albany, NY 12205,regd. agt. upon whom process maybe served. Purpose: any lawful act.

Notice of Qualification of COMCASTCABLE COMMUNICATIONSMANAGEMENT, LLC. Authority filedwith Secy. of State of NY (SSNY) on11/14/11. Office location: NY County.LLC formed in Delaware (DE) on08/24/09. SSNY designated as agentof LLC upon whom process against itmay be served. SSNY shall mailprocess to c/o CT Corporation System,111 Eighth Ave., NY, NY 10011, regd.agent upon whom and at whichprocess may be served. DE addr. ofLLC: 1201 N. Market St., Ste. 1000,Wilmington, DE 19801. Arts. of Org.filed with DE Secy. of State, 401Federal St., Dover, DE 19901.Purpose: Management company.

Notice of Formation of INDUSTCOALLIED LLC. Arts. of Org. filed withSecy. of State of N.Y. (SSNY) on9/28/11. Office location: New YorkCounty. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to: c/o Signature UrbanProperties, LLC, 853 Broadway, Ste.2014, New York, NY 10003. Purpose:any lawful activity.

Notice of Formation of Mamma’sBoySnacks, LLC. Arts. of Org. filed withSecy. of State of NY (SSNY) on11/4/11. Office location: NY County.SSNY designated as agent of LLCupon whom process against it may beserved. SSNY shall mail process to:118 E. 4th St., Apt. 12A, NY, NY 10003.Purpose: any lawful act or activity.

Notice of Formation of HemptexUSALLC Arts. Of Org. filed with Secy. ofState of NY (SSNY) on 8/29/11 Officelocation: NY County. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNY shallmail process to LLC: 110 W 40th NYNY 10018. Purpose:any lawful activity.

Notice of Formation of ETS CAPITALIII, LLC. Arts. of Org. filed with Secy.of State of NY (SSNY) on 11/07/11.Office location: NY County. SSNYdesignated as agent of LLC uponwhom process against it may beserved. SSNY shall mail process toTimothy P. Terry, 667 Madison Ave.,24th Fl., NY, NY 10065. Purpose:Any lawful activity.

NOTICE OF FORMATION OF ADOMESTIC LIMITED LIABILITYCOMPANY (LLC). The name of theLLC is S & J Property Holdings, LLC.The Articles of Organization of theLLC were filed with the New YorkState Secretary of State on November16, 2011. The purpose of the LLC isto engage in any lawful act or activity.The office of the LLC is to be locatedin New York County. The Secretaryof State is designated as the agent ofthe LLC upon whom process againstthe LLC may be served. The addressto which the Secretary of State shallmail a copy of any process againstthe LLC is c/o Brad M. Kaplan, Esq.,30 Montgomery Street, Jersey City, NJ07302. The LLC is to be managed byone or more managers or a class orclasses of managers.

Notice of Qualification of ASTARCAPITAL GROUP, LLC. Authorityfiled with Secy. of State of NY (SSNY)on 11/09/11. Office location: NYCounty. LLC formed in Delaware (DE)on 10/31/11. Princ. office of LLC:152 W. 57th St., 52nd Fl., NY, NY10019. SSNY designated as agent ofLLC upon whom process against itmay be served. SSNY shall mailprocess to Attn: Dana Eagleton at theprinc. office of the LLC. DE addr. ofLLC: 2711 Centerville Rd., Ste. 400,Wilmington, New Castle Cnty., DE19808. Arts. of Org. filed with JeffreyW. Bullock, Secy. of State of DE, 401Federal St. - Ste. 4, Dover, DE19901. Purpose: Any lawful activity.

Notice is hereby given that a license,number 1258894 for Beer and Winehas been applied for by theundersigned to sell Beer and Wine atretail in a restaurant under theAlcoholic Beverage Control Law at 97Trinity Place, New York, NY 10006 foron premises consumption. 97 TrinityPlace d/b/a Sabor De Mexico

NOTICE OF FORMATION of Farmto Fork NY LLC. Arts of Org filedwith the Secy of State of New York(SSNY) on 10/5/11. Office loc: NYCty. SSNY designated as an agentupon whom process may be servedand shall mail a copy of any processto the principal business address:200 West End Ave., Apt 16E, NYNY 10023. Purpose: any lawful act.

Notice of Qualification of ARCNYGRNAV004, LLC. Authority filedwith Secy. of State of NY (SSNY) on10/18/11. Office location: NY County.LLC formed in Delaware (DE) on09/28/11. Princ. office of LLC: 106York Rd., Jenkintown, PA 19046.SSNY designated as agent of LLCupon whom process against it maybe served. SSNY shall mail processto c/o CSC, 80 State St., 6th Fl.,Albany, NY 12207. DE addr. of LLC:c/o Corporation Service Co., 2711Centerville Rd., Ste. 400, Wilmington,DE 19808. Arts. of Org. filed with DESecy. of State, Div. of Corps., 401Federal St., Ste. 4, Dover, DE 19901.Purpose: Any lawful activity.

Notice of Qualification of FAMECOLLC. Authority filed with NY Dept. ofState on 10/12/11. Office location: NYCounty. LLC formed in DE on 7/14/06.NY Sec. of State designated agentof LLC upon whom process againstit may be served and shall mailprocess to the principal businessaddr.: 150 E. 58th St., NY, NY 10155.DE addr. of LLC: National RegisteredAgent, Inc., 160 Greentree Dr., Ste.101, Dover, DE 19904. Cert. of Form.filed with DE Sec. of State,Townsend Bldg., Dover, DE 19901.Purpose: all lawful purposes.

NOTICE OF FORMATION OF Aiyer &Petkos, PLLC. Arts of Org filed withthe Secy of State of NY (SSNY) on09/08/11. Office loc: NY County.SSNY has been designated as agentupon whom process may be servedand shall mail a copy of any processto the principal business address:226 W. 78th Street, #5A, NY, NY10024. Purpose: any lawful acts.

Notice of Qualification of 195Broadway Owner LLC. Authority filedwith NY Dept. of State on 10/25/11.Office location: NY County. Princ.bus. addr.: 150 E. 52nd St., 25th Fl.,NY, NY 10022. LLC formed in DE on6/17/11. NY Sec. of State designatedagent of LLC upon whom processagainst it may be served and shallmail process to: c/o CT CorporationSystem, 111 8th Ave., NY, NY 10011,regd. agent upon whom process maybe served. DE addr. of LLC: 1209Orange St., Wilmington, DE 19801.Cert. of Form. filed with DE Sec. ofState, 401 Federal St., Dover, DE19901. Purpose: all lawful purposes.

Funke Literary, LLC filed an App. forAuthority filed with the Dept. of Stateof NY on 9/12/2011. Jurisdiction:Delaware and the date of its organi-zation is: 08/23/2011. Office locationis New York County . The Secretaryof the State of NY (“SSNY”) is desig-nated as agent upon whom processagainst it may be served, the addressto which the SSNY shall mail a copyof such process is: 1485 Fifth Ave.,Suite 15J, NY, NY 10035. Addressmaintained in its jurisdiction is: 1220N. Market Street, Suite 806, Wilmington,DE 19801. The authorized officer inits jurisdiction where a copy of itsCertificate of Formation can be obtainedis: Jeffrey W. Bullock, Division ofCorporations, John G. Townsend Bldg.,401 Federal St.Suite 4, Dover, DE19901. The purpose is: any lawful act.

Notice of Qualification of DUNE ROADPOOH, LLC. Authority filed with Secyof State of NY (SSNY) on 11/07/2011.Office location: New York County.LLC formed in Delaware (DE) on11/01/2011. SSNY designated asagent of LLC upon whom processagainst it may be served. SSNY shallmail process to: c/o National RegisteredAgents Inc., 875 Avenue of theAmericas, Suite 501, New York, NY10001. Address required to bemaintained in home jurisdiction: 160Greentree Drive, Ste. 101, Dover, DE19904. Arts of Org filed with Secretaryof State, Corporation Division, 401Federal St., Suite 4, John G. TownsendBldg., Dover, Delaware 19901.Purpose: Acquisition, Development &Management of Real Estate.

Notice of Formation of PIE FACE 507LLC. Arts. of Org. filed with Secy. ofState of NY (SSNY) on 11/16/11.Office location: NY County. SSNYdesignated as agent of LLC uponwhom process against it may beserved. SSNY shall mail process toCorporation Service Co., 80 State St.,Albany, NY 12207-2543. Purpose:Any lawful activity.

Notice of Formation of GB CENTRALPARKING LLC. Arts. of Org. filed withSecy. of State of NY (SSNY) on11/15/11. Office location: NY County.Princ. office of LLC: 7 Penn Plaza,Ste. 618, NY, NY 10001. SSNYdesignated as agent of LLC uponwhom process against it may beserved. SSNY shall mail process tothe LLC, c/o The Feil Organization atthe princ. office of the LLC. Purpose:Any lawful activity.

Notice of Qualification of WaterfallVictoria REO 2011-01, LLC. App. forAuth. filed with Secy. of State of NY(SSNY) on 11/14/11. Office location:NY County. LLC formed in Delaware(DE) on 12/22/09. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNY shallmail process to: Capitol Services,Inc., 1218 Central Ave., Ste. 100,Albany, NY 12205. DE address ofLLC: 1675 S. State St., Ste. B,Dover, DE 19901. Arts. of Org. filedwith DE Secy. of State, 401 FederalSt., Ste. 4, Dover, DE 19901.Purpose: any lawful act or activity.

MARCELIN LLC, a domestic LLC,Arts. of Org. filed with the SSNY on10/4/11. Office location: New YorkCounty. SSNY is designated asagent upon whom process againstthe LLC may be served. SSNY shallmail process to: The LLC, Attn: Mr.Luc Levy, 270 Lafayette St., #1201,NY, NY 10012. General Purposes.

Notice of Qual. of Andor Opportunity,L.L.C., Auth. filed Sec’y of State (SSNY)6/20/11. Office loc.: NY County. LLCorg. in DE 2/23/11. SSNY desig. asagent of LLC upon whom processagainst it may be served. SSNY shallmail copy of proc. to Att: DanielBenton, 1330 Ave of the Americas,24th Fl., NY, NY 10019. DE off. addr.:CSC, 2711 Centerville Rd., Wilmington,DE 19808. Cert. of Form. on file:SSDE, Townsend Bldg., Dover, DE19901. Purp.: any lawful activities.

Notice of Formation of MolecularCell, LLC. Art. of Org. filed Sec’y ofState (SSNY) 8/11/11. Office location:NY County. SSNY designated asagent of LLC upon whom processagainst it may be served. SSNY shallmail copy of process to 18 E. 48thSt., Ste. 802, NY, NY 10017.Purpose: any lawful activities.

NOTICE OF QUALIFICATION of C2iMethane Partners, LLC. App for Authfiled with the Secy of State of NY(SSNY) on 10/11/11. Office loc: NYCty. LLC formed in DE on 07/21/08.SSNY designated as an agent uponwhom process may be served andshall mail process to: C/O C TCorporation System, 111 Eighth Ave,NY, NY 10011. Principal businessaddr: 93 St. Mark’s Pl, Ste 2, NY NY10009. Certificate of LLC filed withSecy of State of DE loc at 401 FederalSt, Ste 4, Dover DE 19901. Purpose:any lawful acts.

Notice of Formation of Ai Vy Springrolls,LLC. Org. filed with Secy. of State ofNY (SSNY) on 10/14/10. Office loca-tion: NY County. SSNY designatedas agent of LLC upon whom processagainst it may be served. SSNY shallmail process to LLC: Suite 202,7014 13th Ave Brooklyn, NY 11228.Purpose: any lawful activity.

NOTICE OF QUALIFICATION ofGuardian Distributors, LLC. App forAuth filed with the Secy of State of NY(SSNY) on 11/01/11. Office loc: NYCty. LLC formed in DE on 10/14/11.SSNY has been designated as anagent upon whom process against itmay be served and shall mail processto: Corporation Service Company,2711 Centerville Rd., Wilmington, DE19808. The principal business address:7 Hanover Sq., New York, 10004Certificate of LLC filed with Secretaryof State of DE located at DE Secy. ofState, 401 Federal St., Ste. 4, Dover,DE 19901. Purpose: any lawful acts.

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don an information session.Ms. Moskowitz’s push into well-

heeled neighborhoods comes at acritical time for her nine-schoolSuccess Charter Network, whichshe launched in Harlem in 2006 andexpects to grow to 40 schools acrossthe city in the next few years. Char-ter school supporter MichaelBloomberg has two years left asmayor, and his successor might notbe as eager to provide the city-ownedspace that new schools often need.

Charters have been elbowingtheir way into the city landscapesince the 1990s by offering an edu-cation lifeline to high-poverty areasdesperate for quality schools. Now,Ms. Moskowitz, whose abrasivestyle has made her a lightning rodfor charter opponents, is pitchingher schools to lawyers, doctors andother professionals.

It’s a fundamental shift for Ms.Moskowitz and the charter schoolmovement. While she has bravedfive years of slings and arrows, hernetwork’s future—and that of othercharter schools—may hinge ontheir ability to build constituenciesin affluent, influential areas.

“The political significance of thiscannot be ignored,” said StevenBrill, whose book Class Warfarechronicles the school reform battlesraging across the country.“Once youhave charter schools flourishing inmiddle-class neighborhoods, they

become impossible to oppose.”Ms. Moskowitz gives an educa-

tional,rather than political,rationale.“We’ve got to have more, not fewer,alternatives to a profoundly brokeneducation system,” she said. “Theclock is ticking against our kids.”

That message has resonatedthroughout Harlem, the SouthBronx and central Brooklyn, whereschools have struggled for decadesand the New York charter move-ment was born. Thousands of low-income parents have flocked to al-ternatives in these three areas,whichare home to eight Success schoolsand the vast majority of the city’sother 125 charters.

“New York’s dirty little secret”

But the city’s education problemsgo beyond poor neighborhoods.Last year, less than half of studentswere reading at grade level in 725 ofthe city’s 1,071 elementary and mid-dle schools. Just one-quarter of thecity’s high school graduates were“college ready.” And, according to arecent survey by the teachers union,the number of overcrowded class-rooms is at a 10-year high.

“It’s sort of New York’s dirty lit-tle secret,” said Joseph Williams, ex-ecutive director of Democrats forEducation Reform,a national advo-cacy organization that supportscharter schools. “Some prefer tothink the problem is always insomeone else’s neighborhood.”

Among the 10 elementaryschools in District 3,which includesthe Upper West Side, six got a C orworse on the student-performanceportion of their Department of Ed-ucation report cards. In District 15,which includes Cobble Hill, 11 ofthe 23 elementary schools scored aC or lower.

Ms. Moskowitz has called theseschools “abysmal failures” and is bet-ting that her charter network willfind traction in New York’s tonierdistricts.While the Upper West Sideand Cobble Hill boast some of thecity’s best public elementary schools,they are overcrowded.Parents unableto send their children to these schoolsface a choice of inferior local schools,private schools with $30,000 tu-itions, or a move to the suburbs.

“Private school is not an optionfor us,” said Jenna Sternbach, a free-lance publisher and mother of three.She and her husband, a lawyer, havelived on Clinton Street in Brooklynfor five years and would like to stay.But they are zoned for P.S. 261, a C-rated elementary school in CobbleHill.

“The pit in my stomach is that Ipay a lot in taxes,” Ms. Sternbachsaid. “Public schools should be bet-ter than they are.”

Ms. Sternbach is the type of par-ent Ms. Moskowitz is trying to re-cruit. Success’ glossy brochures haveflooded the mailboxes of CobbleHill and Upper West Side parents,boasting a tuition-free educationchockablock with chess, creativewriting and inspirational teachers.On hourlong tours of her schools,

Ms. Moskowitz guides groups ofanxious moms and dads to class-rooms where kindergartners playwith blocks, conduct science exper-iments and read quietly at theirdesks.

During house parties and mixersat their homes, Ms. Moskowitz tellsthese parents how her Harlemschools are among the city’s high-est-achieving public schools inreading and math.Among the third,fourth and fifth graders at HarlemSuccess Academies, 94% passed thestatewide math exam and 78%passed the reading test. Citywide,those numbers were 60% and 49%,respectively.

Center of tension

Her sales pitch is paying off.About 700 families in District 3 ap-plied for the first 184 spots at UpperWest Success Academy, whichopened in August.And while the lot-tery for next year’s kindergarten classisn’t until April, nearly 400 familieshave already applied for its 84 seats.

Meanwhile, Ms. Moskowitzfinds herself at ever-increasing oddswith the city’s anti-charter estab-lishment, who dislike the use ofnonunion teachers by most charterschools and worry that traditionalschools’ resources and high-achiev-ing students are being siphonedaway by charters.

She’s butted heads with theteachers union for than more than adecade,beginning when she chairedthe City Council’s Education Com-mittee. During a series of hearings,she skewered unionized teachers’

work rules and seniority rights,claiming they undermined learning.

Since a failed bid for Manhattanborough president in 2005, Ms.Moskowitz has thrust herself intothe center of countless school bat-tles, notably the successful effort toraise the number of charters allowedin New York state and attempts tolocate her schools within the build-ings of district schools.

Tension escalated last springwhen some parents—backed by lo-cal politicians—sued to block Up-per West Success Academy fromopening in a building shared by sev-eral high schools. The teachersunion and the NAACP then sued tobar the opening or expansion of 20charter schools, including six of Ms.Moskowitz’s.

“We’ve had threats before to ourexistence,” said Ms. Moskowitz.“This was an attempt to shut usdown.”

Both lawsuits were dismissed.However, the opposition to Ms.Moskowitz’s proposed Cobble Hillschool continues to build in antici-pation of its final approval Dec 14.Hundreds of charter opponentsturned out for a five-hour Panel forEducation Policy hearing on theschool last week, including a hand-ful of local elected officials. Assem-blywoman Joan Millman, in her15th year in office, suddenly pitchedan early education center for thespace Ms. Moskowitz seeks. Otheractivists have discussed a lawsuit.

“Some would call it death by athousand cuts,” Ms. Moskowitzsaid. “But we’ll survive.” n

All about EvaContinued from Page 1

businesses. “In terms of [venturecapital] exits, you have all shapesand sizes, across all sectors.”

In some ways, the sluggish econ-omy has helped to fuel the deals.Large companies with strong bal-ance sheets but few prospects forgrowth are looking to small firms tobring in new customers and juicetheir bottom line.

And right now, there are more ofthose kinds of small companies thanat any time since the late 1990s,notes Rob Stavis, a partner at Besse-mer Venture Partners, a backer ofHunch. A recent survey by Gridley& Co. counted 296 emerging pri-

vate companies in the local digitalsector. Mr. Stavis said that he ex-pects the mergers-and-acquisitionsmarket to remain active even if theeconomy worsens.

“Much of why we’re in such aninteresting environment is the chal-lenge of slower growth,” he said.

Despite the frothy atmosphere,however, the tech marketplace inNew York remains a work inprogress. Not counting Google’s$400 million purchase of ad-techfirm AdMeld in June, some of theprices for the past year’s deals haveunderwhelmed observers. Theyquestion how freely private-equitymoney will continue to flow without

the promise of a big payday. Severalindustry insiders say that VC invest-ment in New York is already slow-ing, in part over fears of a downturn.

Nationally, VC fundraising inthe third quarter fell to $1.72 bil-lion, which was less than half ofwhat was raised in the year-earlierperiod, and down nearly 70% fromthe previous quarter, according tothe MoneyTree Report.

More funds, less money

“New funds are being set up, butthere’s less money going into them,”said Kate Bluvol, a partner in thetechnology group at Pricewater-houseCoopers. “You may see fewernew companies getting funded.”

A key issue for New York is thelarge number of companies thathave launched in recent years. Most

won’t grow big enough to go public,even if the environment for initialpublic offerings improves. Thatleaves them dependent on an acqui-sitions market that investors say isshort on companies that would fuelbuying: fast-growing firms thatcould use stock to make deals.

It hasn’t helped that most of thecompanies that have recently gonepublic, including Groupon,DemandMedia and Pandora, are trading wellbelow their initial offering prices.

“We have a good inventory ofcompanies in New York that shouldbe part of bigger companies, butyou’ve only got about a dozen ac-quirers,” said Bo Peabody, generalmanaging partner at Village Ven-tures, which was an early investor inBabble.

Some investors and bankers are

hopeful that IPOs from Facebookand Zynga will spur a bigger buyingspree, as those companies fill outtheir businesses with acquisitions.

The local deals may still be small;some VC executives argue that NewYork entrepreneurs need to startthinking bigger, as their Silicon Val-ley peers so famously do. But theyacknowledge that the West Coasthas had decades to build an infra-structure, while New York is still es-tablishing itself.

“Once you get the flywheel spin-ning, it keeps spinning,” said RogerEhrenberg, managing partner of IAVentures. “We don’t have the sameflywheel in New York, but we’reheading in the right direction.” n

Startups snapped upContinued from Page 1


PUBLIC & LEGAL NOTICES

Notice of Qual. of Andor OpportunityFund, L.P., Auth. filed Sec’y of State(SSNY) 6/20/11. Office loc.: NY County.LP org. in DE 2/23/11. SSNY desig.as agent of LP upon whom processagainst it may be served. SSNY shallmail copy of proc. to Att: DanielBenton, 1330 Ave of the Americas,24th Fl., NY, NY 10019. DE off. addr.:CSC, 2711 Centerville Rd., Wilmington,DE 19808. Cert. of LP on file: SSDE,Townsend Bldg., Dover, DE 19901.Name/addr. of each gen. ptr. avail. atSSNY. Purp.: any lawful activities.

Notice of Qualification of LibertyHarbor Natural Resources OffshoreGP, LLC. App. for Auth. filed with Secy.of State of NY (SSNY) on 9/21/11.Office location: NY County. LLCformed in Delaware (DE) on 8/12/11.SSNY designated as agent of LLCupon whom process against it may beserved. SSNY shall mail process to: 200West St., NY, NY 10282. DE addressof LLC: 1209 Orange St., Wilmington,DE 19801. Cert. of Form. filed with DESecy. of State, P.O. Box 898, Dover,DE 19903. Purpose: any lawful activity.

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Notice of Qualification of Nine & C,LLC. App. for Auth. filed with Secy. ofState of NY (SSNY) on 10/12/11.Office location: NY County. LLCformed in Texas (TX) on 9/29/11. SSNYdesignated as agent of LLC upon whomprocess against it may be served.SSNY shall mail process to the TXaddress of LLC: 1919 Post Oak ParkDrive, Ste. 3101, Houston, TX 77027.Arts. of Org. filed with TX Secy. ofState, 1019 Brazos, Austin, TX 78701.Purpose: any lawful act or activity.

Notice of Formation of ADC/EnnisFrancis Owner L.P. Cert. filed with NYDept. of State on 1/7/2008. Officelocation: NY County. Sec. of Statedesignated agent of LP upon whomprocess against it may be served andshall mail process to the principalbusiness addr.: c/o AbyssinianDevelopment Corp., 4 W. 125th St.,NY, NY 10027. Name/addr. of genl.ptr. available from Sec. of State.Term: until 1/3/2108. Purpose: anylawful activity.

LISTEN to a discussion at CrainsNewYork.com/podcasts


staggering losses that they had to bebailed out. Now they are positionedto exploit their overseas competi-tors’ weaknesses.

“The European banks’ problemsat home are opening up an opportu-nity here for those who can afford totake it,” said Nomura analyst BrianForan.

Wells Fargo, which vastly in-creased its New York presence twoyears ago when it acquired Wa-chovia, has been especially keen ontaking advantage. It has bought $5billion worth of U.S. commercialreal estate loans from troubled orfailed Irish banks this year, includ-ing a $3.3 billion portfolio lastmonth, and executives say they arelooking for more.

“We’ve seen banks from overseasexit the U.S. before, and we’re ex-pecting that to occur again, whichwill create opportunities for us,”saidWells Fargo Chief Financial OfficerTimothy Sloan.

Mr. Sloan’s confident stancecontrasts starkly with the manicmood on Wall Street these days.Af-ter plunging nearly 10% in theweeks before Thanksgiving, stockssoared last Wednesday, after theworld’s central banks announced

they’d take aggressive measures togive European political leaders timeto solve the continent’s financialwoes.

Despite the central banks’ time-ly boost, many on Wall Street arepreparing for what’s being calledEurogeddon—the breakup of theEuropean Union, as some countriesreturn to their old currencies.Bond-and currency-trading powerhouseICAP, for instance, disclosed lastweek that it is preparing to resumetrading drachmas, the former Greekcurrency.

“We have not done any scenarioplanning, and we do not take a viewor make a forecast on future devel-opments,” cautioned a spokesmanfor the company, which has opera-tions in Jersey City. “We are simplymaking sure we are prepared for anyeventuality.”

Betting on doomsday

Meanwhile,hedge fund managerAnanthan Thangavel of LakshmiCapital said he has dedicated 90% ofhis $18 million portfolio to bettingon steep drops in the Standard &Poor’s 500-stock index, Germanstocks and crude oil. He thinks pol-icymakers will be unable to agree ona rescue plan for overextended Euro-pean banks and nations, which willunleash global economic mayhem.

“It’s just like 2008,” Mr.Thangavel said.“We all know some-thing really bad is about to happenbut don’t know how bad it’s going tobe or who’s going to be affected.”

Even with his bleak outlook, Mr.Thangavel can’t bring himself to sellshort U.S. banks, which he believesare much better positioned to with-stand a crisis than three years ago.

Wells Fargo is a case in point.While its European competitorsbleed cash,deposits at the bank haveincreased 8% in the past year, help-ing fuel its push into corporate lend-ing. Over the past three years, its

share of the syndicated loan mar-ket—where banks chop up big com-mercial loans and disperse them toother institutions for a fee—hasgrown by a third.

Sweet deals

A recent credit agreement withcandy maker Hershey is an exampleof the business opportunity createdby the turmoil in Europe.In the $1.1billion credit agreement with banks,JPMorgan increased its loan com-mitment to the company to $135million, from $50 million, and U.S.Bancorp joined the table with a fresh$75 million, according to Nomura.

Meanwhile, Swiss-based UBShalved its commitment, to $105million, while the British bank Bar-

clays, which had committed $80million in Hershey’s 2006 creditagreement, dropped out entirely.

By themselves, these big corpo-rate loans typically aren’t all thatprofitable for banks. But they canlead to moneymaking opportunitieswhen companies choose lenders forother services, such as foreign ex-change or pension-plan administra-tion.

The big risk, Nomura’s Mr.Foran said, is that troubled Euro-pean banks retreat so quickly fromthe U.S. that institutions here gorgethemselves on new loans—puttingthemselves at risk for big losses lat-er.“For the U.S.banks,”he said,“thiscould easily become too much of agood thing.” n



Banks’ Europportunity

Buying billionsin loans, andlooking formore


ist

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ph

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“We have come through a prettysevere national recession, and com-ing out of it has not been as strongas we’d like,” Mr. Doar said. “ButNew York has done better thanevery other city. We wouldn’t agreethat things are worse than ever.”

On the front lines of need, how-ever, the situation is grim. At thecity’s 1,100 soup kitchens and foodpantries,demand is up an average of12% this year, and government andprivate funding is down.

Turning away customers

The Bed-Stuy CampaignAgainst Hunger in Brooklyn,whichruns a supermarket-style pantry,hasbeen registering more than 12,000visitors a month. That is up from5,000 a month in 2006 and 9,000 amonth in 2009.Recently, the pantryhad to turn away 158 people be-cause there wasn’tenough food.

“I have been inbusiness 14 years,and this is the worstI have ever seen,”said Melony Sam-uels, founder andexecutive director of the Bed-StuyCampaign. “We can’t keep up withthis demand.”

At Love Kitchen Inc., a pantryand soup kitchen in Inwood, about530 people have been coming to thesoup kitchen each week for meals,up from 450 a year ago.There are somany people visiting the pantry thatthe organization has to turn awayabout 40 people a week.

In July, the 23-year-old nonprofitnearly closed down but was saved byan emergency shipment of food fromthe Midwest Food Bank in Illinois.

“People are going from one pantryto the other to try to get as much asthey can, and you can’t blame them,”said Jewel Jones,founder and directorof Love Kitchen. “People keep com-ing up to me saying, ‘I’ve never beenin this situation before.’ They don’tknow how it works.”

Reluctant newcomer

Grace, one such newcomer tothe system who wanted only to beidentified by her first name, lost herjob as a kindergarten teacher lastyear after sustaining a serious backinjury that required surgery.

Initially,Grace moved in with rel-atives, used her savings, and tried tohide her situation from her children,ages 12, 11 and 2. Now they live inlow-income housing in Manhattan,and Grace spends her days goingfrom one food pantry to another topiece together meals. She receivesfood stamps and has been getting as-sistance from Toys of Hope. Still onpain medication for her back, Graceremains unable to work.

“Everything was fine before this;I was paying my bills alright,” saidGrace, still mystified at how quick-ly her life changed. “It’s a very diffi-cult struggle now.” n

More NYneedyContinued from Page 2

management.Mr.Zakheim had pledged in 2005

not to be involved with Revival HomeHealth Care after DOH learned thathe had failed to disclose a misde-meanor conviction on a previousDOH application.Mr.Zakheim’s af-fidavit for DOH stated he would “nothave any direct or indirect involve-ment with the operation, manage-ment or control” of the home careagency, which is owned by his wife.

Mr. Miller’s confirmation tostate officials of Mr. Zakheim’s con-

sulting role followed a Nov.7 Crain’s

story probing Peninsula’s financingdeal with the Revival affiliate.

“We share the trustee’s concerns,we take them seriously and we willbe watching the outcome closely,” aDOH spokesman said last week.

The trustee’s second choice, ifthe court keeps Revival in place, is tohire an independent examiner “inlight of the apparent strangleholdthat Revival holds over [Peninsu-la],” wrote the trustee.

Mr. Fensterman counters thatPeninsula’s board, not Revival, is incontrol of the hospital, and that Mr.Miller takes his direction from theboard.

But one board member, MartinOliner, said the board “is just beingtold what to do by Revival 100%”and “doesn’t exercise any independ-ent judgment.”

Still, Mr. Oliner wants approvalfor Revival’s $8 million loan, whichhe sees as the lifeline that will keepthe Far Rockaway hospital open.Hesaid the Peninsula board shouldconsider offers from other lenders,but for now, Revival should stay.

“Putting in an examiner is adeath knell for the hospital,” Mr.Oliner warned.

“Revival is the only game in townwilling to put up money,” he said.“I’m not a fan of theirs.But you needa plan to keep the hospital open.” n

Peninsula buyout hits new hurdleContinued from Page 3

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1.5MNEW YORKERS,or 1 in 6, nowlive in poverty,a localnonprofit said

‘We share thetrustee’sconcerns,’ saida rep for DOH


EXECUTIVE

INBOX


Sticks to Her Knitting

Time Inc.: Laura Lang,55, joined the nation’slargest magazinepublisher as chiefexecutive. She waspreviously chiefexecutive at digitaladvertising agency

Digitas Inc.MetLife Inc.: Beth Hirschhorn, 46, waspromoted to executive vice president,global brand, marketing andcommunications, of the insurance,annuities and employee-benefitprograms provider. She was previouslysenior vice president and chiefmarketing officer.Citi Habitats: Jay M. Heydt, 33, wasappointed senior managing director ofthe residential brokerage’s Gramercyand Flatiron offices. He was previouslysenior vice president and associatebroker.

kgb: David Cautin, 38,joined the directoryassistance andenhanced informationservices provider aschief executive. Hewas previously seniorvice president and

chief digital officer at NYSE Euronext.Odgers Berndtson: Cheryl Lobell, 46,joined the executive search andorganizational leadership firm’s NewYork office as a partner. She waspreviously a partner at the firm’s officein Singapore.KeKu: Manlio Carrelli, 35, joined the

When Waejong Kim was in elementary school in her native SouthKorea, it was mandatory for children to learn how to knit. Ms. Kimhated the craft so much that her mother had to make all of herschool projects. So, it might seem strange that Ms. Kim now teachesknitting to around 25 students a week at Loopy Mango, the store thatshe co-owns in SoHo, which sells clothes, accessories and yarn. ¶“About seven years ago, I got this urge to do something with myhands, and I found a crochet hook in my apartment,” said Ms. Kim,44, who had moved to New York and was working for a corporatehousing firm. “I got so into knitting that I quit my job to focus on itfull time.” ¶ Ms. Kim’s first store was a 650-square-foot space in theEast Village. Now she has 2,000 square feet on Grand Street. Shemet her husband, an antiques dealer, while canvassing flea marketsfor the store.The trick to hooking her students, Ms. Kim said, is tohave them use large needles and thick yarn, so that they can makesomething quickly. ¶ “After three hours, they walk out with a bigscarf, and they are so proud of it,” she said.

—miriam kreinin souccar

EDITOR-IN-CHIEF

PUBLICATION amNewYork

JOB DESCRIPTION Overseeeditorial room; responsible for allprint and digital editorial content

MOST IMPORTANT TASK Plandaily and long-term coverage,manage budget, and supervisenews gathering, writing and editing

CREDENTIALS NEEDED Minimumof 10 years of progressiveexperience in reporting, editingand management; extensiveexperience in local news coverageand/or features

SALARY $150,000 to $160,000

RECRUITER Internal

DOWNSIDE It’s not a 9-to-5 job

UPSIDE Staffers get to informNew York commuters of the day’simportant news

Launched in 2003 by NewsdayMedia Group, amNewYork is afree Monday-to-Friday newspapertabloid. It has an average dailyreadership of 338,000.

—HELEN KWONG

‘Theywalk outwith a bigscarf,and theyare soproud of it’

HOT JOBS

EXECUTIVE MOVES

GOTHAM GIGS

Closing thetech-skills gapEVEN WITH UNEMPLOYMENT

stubbornly high, tech-industryexperts say that, nationwide,about 450,000 jobs in IT aregoing begging at any givenmoment. The reason: a shortageof job seekers with the right skills.

Here in the city, NPower isworking on filling what somewags have called the “geek gap.”The nonprofit, which has beenschooling techies at itsBrooklyn headquarters for about10 years, just opened a newcenter in Harlem, where an initialclass of 23 disadvantaged youngpeople (ages 18 to 25) willreceive free tech training.

The 22-week curriculumincludes intensive classroomwork, mentoring by IT pros,internships and the chance toearn professional credentials.

So far, the program has an80% graduation rate, and about450 NPower grads have beenhired over the past decade bylocal nonprofits, startups anduniversities, as well as by heavyhitters like JPMorgan Chase andAccenture. Both are majordonors: Accenture, for instance,anted up $100,000 for theHarlem classroom.

“We’ve gotten great support

from big companies,” saidNPower CEO Stephanie Cuskley,a former investment banker whotook the helm two years ago.

Also on Ms. Cuskley’s to-dolist for the year ahead: expandinganother NPower program, calledthe Community Corps, whichmatches up IT professionals

willing to volunteer their skillswith nonprofits that need tech helpbut are strapped for cash. Sincethe Community Corps started inNovember 2010, techies havedonated more than 13,000hours to about 650 nonprofits.

“The legal profession has along, solid tradition of pro bonowork,” Ms. Cuskley said. “Wewant to foster something similarin the IT field and bring the techcommunity together for thepublic good.”

HAS YOUR COMPANY struggled tofind tech help—and what are youdoing about it? Tell us atwww.crainsnewyork.com/execinbox.

USINESS IVESB LAnne Fisher

See EXECUTIVE MOVES on Page 50

$1,850The amount that

affluent consumersplan to spend for

the holidaysSource: Forbes Insights

bu

ck

en

nis

WOOLLY BULLY:Waejong Kimdidn’t likemandatoryknitting classes.



technology company as chief executive.He was previously chief marketingofficer at Intermedia.McGuireWoods: Laurent Wiesel, 34,joined the law firm as partner. He waspreviously an associate at Sullivan &Cromwell.SNAP Interactive Inc.: Jon Pedersen Sr.,40, joined the developer, owner andoperator of online dating applications aschief financial officer. He was previouslya senior vice president-controller atWarner Music Group.The Broadsmoore Group: Jeffrey Devlin,64, joined the investment advisory and

EXECUTIVE MOVES

RÉSUMÉ REVIEW

merchant banking firm as chiefmarketing officer and a member of thecompany’s board of directors. He willretain his roles as chief executive andexecutive producer of MediaLogic andexecutive producer and partner ofOriginal Film.Vincent Gregoire, 28, joined as vicepresident. He was previously a seniorauditor at Ernst & Young in the Parisand London offices.

Big Spaceship: SabahAhmed, 27, waspromoted to seniorproducer of theBrooklyn-basedcreative agency. Shewas previously aproducer.

BY DANIEL MASSEY

Billionaire Ricardo SalinasPliego oversees a televi-sion,banking, telecommu-nications and retail elec-

tronics empire based in Mexico. Hevisited New York in mid-Novemberto participate in an immigration fo-rum with Mayor Michael Bloom-berg, but also looked into extendinghis Banco Azteca brand to the Unit-

ed States.Consumer ad-vocates andbank regula-tors, however,may balk athis interestrates, whichcan reach80%.

How did you get

started in business?

I came in ’81 as an import manager.My dad was running the companyfounded by my grandfather and mydad.But with the big devaluation [ofthe peso] of ’82, we went bust. It wasmy job to turn it around. Today, wehave 2,700 points of sale, we’ve got abank in seven Latin American coun-tries, we’ve got TV Azteca, which is

40% of the audience, and we have abig telecom company,Iusacell,whichis competing with Carlos Slim.

Do you think there are opportunities for

your company in the U.S.?

Here’s the deal:Traditional banks doa pretty good job for the middle-classand the rich,but they do a terrible jobfor people at the bottom of the pyra-mid. “Where do I save my money?Where do I get a quick loan?”—thebasic financial services. That is whatwe’re doing in a really novel way,tremendously low-cost and hugevolume, so that we can operate withno commissions,no fees. I think thatkind of bank would have a very goodniche in the United States.

But your interest rates

would never fly here. Are

you gouging?

Some people who crit-icize high interest ratesreally want to do goodfor the bottom of thepyramid, but instead,they’re actuallyputtingthem furtherback in thehole. Wecharge 60%to 80% in-terestrates perannum.Peoplesay, “Ah,

this is very expensive.”But it’s not ex-pensive.

Are your rates any better than a loan

shark’s?

Why would 10 million customerscome to me? Because we have a bet-ter rate. If you pay on time, you geta 20% discount.

What’s your rate of default?

Less than 3%. We have 8,000 cred-it officers. Each one of them goesaround on motorcycle and checksout where people live and givesthem a reminder if they haven’t paid.All of them have a computer, aniPhone with GPS with the route,and a printer. The chief lending of-ficer is right there.

What’s wrong with the immigration

system?

Obviously, we’re in an openworld where everything flows

across borders: information,money, investments. The only

thing that doesn’t flowis people. Hu-man capital, likeany capital,needs to move towhere it has abetter return.It’sa really unfor-tunate policy tothink in insularterms. That’sbad for every-body. n

Banco Azteca mogullooks north for niche;feds may balk at rates

NAME STEPHEN K. SILVERSTEIN

SUMMARYReal estate strategist, operations director,change-management leader. Relocatingto Dallas, Texas

PROFESSIONAL EXPERIENCE�Multisport Ministries, Foothills Ranch, Calif., 2008-2011; co-founder,

executive directorFounded and currently lead a triathlon team of pro and amateurtriathletes who compete globally; improve the lives of less-fortunateathletes, families and beginners through mentoring

�Deloitte, 1996-2010; firm directorOversaw U.S. real estate operations, international real estate strategiesand Northeast operations, reporting to COO and other senior executives;responsibilities included real estate, facilities, purchasing, security andtravel, with a Northeast region staff of 800

EDUCATION

�Ramapo College, B.S., business administrationRésumé appears in condensed form.

EXPERT ADVICE

Stephen’s résumé is like a rich dessert: too much of a good thing. It isimportant to know your audience and only give them what they need tosee. The summary should get to the point quickly and the body of therésumé should briefly describe his experience and qualifications. Since hehas many impressive accomplishments to share, Stephen should offerthese up in an addendum called Selected Accomplishments. Breaking upthe story into separate sections satisfies both the lazy reader and thereader needing more content. His relocation to Dallas should be a centralpart of the message, not tagged on as an afterthought.

—roy cohen, career counselor and executive coach

To contact this candidate or to be featured in “Résumé Review,” e-mail usat [email protected].

Is your job search all it could be?We ask the experts.

High interest in banking

CORPORATE LADDER

BEHIND THE SCENES IN PUBLICPATRICK WILLINGHAM, 44, has been appointedexecutive director of The Public Theater. Mr.Willingham will work with the theater’s artisticdirector, Oskar Eustis, to continue the mission andextensive programming of the theater, whilestrengthening the organization for sustainabilityand future growth. The theater’s 57th seasonopened in September with productions of Sweet andSad and The Agony and the Ecstasy of Steve Jobs. Next summer, theDelacorte Theater, home to The Public’s productions of Shakespeare in thePark, will celebrate its 50th anniversary.

Mr. Willingham spent most of his career with Blue Man Productions,creator of the Blue Man Group show, and was most recently its president andoperating chief. The University of Wyoming graduate earned his MFA fromBrooklyn College.

MOVERS &

SHAKERS

Ricardo SalinasPliego

Nooka Jones, 23, was promoted toproducer. He was previously an associateproducer.Mike Kenny, 29, joined the agency as aproducer. He was previously a freelanceproject manager at AKQA.

L’Oréal USA: AntoinetteHamilton, 37, waspromoted to assistantvice president ofdiversity and inclusionat the beautycompany. She waspreviously director ofdiversity and inclusion.

Drexel Hamilton: Gloria Vogel, 35, joinedthe institutional broker-dealer as asenior vice president of insuranceindustry equity research. She waspreviously a member of seniormanagement in U.S. investor relationsand manager, financial review at Swiss Re.Richard Whittington, 38, joined as asenior vice president of aerospace anddefense research analysis. He waspreviously a principal at JSA Research.Barry M. Sine, 40, joined as director ofresearch. He was previously director ofresearch at CapStone Investments.Insight Research Group: Sarah Chumsky,44, was promoted to the newly createdposition of vice president, Insight Kids,at the research-driven strategy firm. Shewas previously director of Insight Kids.Cleary Gottlieb Steen & Hamilton: JenniferKennedy Park, 34, was promoted topartner, focusing on litigation at the lawfirm. She was previously an associate.Amy R. Shapiro, 34, was promoted topartner, focusing on corporate andfinancial transactions. She waspreviously an associate.Grant M. Binder, 37, was promoted tocounsel, focusing on matters in LatinAmerica. He was previously an associate.

Helena K. Grannis, 39, was promoted tocounsel, focusing on capital marketstransactions. She was previously anassociate.Food & Wine: Gina Hamadey, 32, joinedthe magazine as travel editor. She helpedlaunch and was a senior editor at EveryDay with Rachael Ray magazine.LeClairRyan: Michael G. Kushner, 58,joined the law firm as partner in thetaxation, employee benefits, and ERISAand labor and employment practice areateams. He was previously a partner atJackson Lewis.Winston & Strawn: Lawrence Drucker, 47,joined the law firm as partner,intellectual property litigator. He waspreviously a partner at DicksteinShapiro.Alfred Fabricant, 58, joined as partner,head of intellectual property. He waspreviously a partner at Dickstein Shapiro.Variety: Jill Goldsmith, 42, rejoined theentertainment news magazine asbusiness editor. She was previously afreelance journalist.

Broadcast Music Inc.:David F. Bills, 35, waspromoted to executivedirector of onlinecommunications at theperforming rightsorganization. He waspreviously seniordirector of online

communications.WNET: Jon Rubin, 48, was named actinghead of education at the publicbroadcasting organization. He waspreviously senior director of the company’sstate and local education service.Katten Muchin Rosenman: Emily Stern,49, joined the law firm as partner. Shewas previously senior counsel atProskauer Rose.

Mr Youth: Christian Borges, 40, joined thesocial marketing agency as vicepresident, marketing communications.He was vice president, public relationsand communications, at Deep Focus.

Arent Fox: Matthew D.Pace, 51, joined the lawfirm as partner. He waspreviously a partner atHerrick Feinstein.Rockwell Group: DavidYanks, 37, joined thearchitecture anddesign firm as director

of business development. He had beendirector of business development atSTUDIOS Architecture.Bonnier Corp.: Gregg Hano, 51, waspromoted to senior vice president ofcorporate sales and the technologygroup. He was previously a grouppublisher of the technology group.Digital Broadcasting Group: Matt Baxter,40, joined the entertainment mediacompany as vice president of contentdevelopment. He was previously directorof content at Omnicom Media Group.[x+1]: Rick Jones, 47, joined the audiencetargeting agency as the director ofproduct marketing, a newly createdposition. He was previously a productmarketing team lead in the collaboration.League of American Orchestras: RachelleSchlosser, 49, joined as director of mediarelations, a newly created position. Shewas previously president of RachelleSchlosser Public Relations.

—callie eidler

EXECUTIVE PROMOTIONS

The fastest way to get an announcement intoCrain’s is to submit online. Fill out the form at www.crainsnewyork.com/section/executive_moves. The Executive Moves columnis also available online.


—CALLIE EIDLER

bloomberg news


I’m hearing the voice of thepeople: fish lovers. Refugeesfrom Milos.Healthy eaters ofa certain age. Tasting Table,which says this spot is ideal for

out-of-town guests.That’s the cho-rus singing the virtues of Loi, a cel-ebration of Greek cooking by MariaLoi in the sprawling space whereCompass exhausted its nine lives.

This charming entrepreneurialblonde doesn’t at all mind beingcalled the Martha Stewart of Greece.The Martha mystique should onlyprevail beyond her Easter-egg-or-chid awning on West 70th Street.Sofar, the place is busy. Locals arechecking it out and returning.

Tonight, an accidental Greekwith global credentials at our tableassures me that the salt-baked blackbass is perfect and the baked meatpatties are exactly right. I say “acci-dental” because he’s our friend Cas-sandra’s date, and we’ve just met.

“You may not like the meatballsso soft and full of cheese,” he says,dragging an oval through a dab offeta mousse sauce. “But they are ex-actly correct. They are Greek.”

I explain to Cassandra why I’mnot head over heels in love here:“We’re not whole-fish fans,”I admit.

The moussaka is delicious. AndI’m wild about Maria’s version ofpastitsio, the Greek béchamel-frosted macaroni with minced meat.

“But how many times a monthdo you need to have moussaka? Andit’s sort of expensive for everyday inthe neighborhood.”

“Expensive?”She is aghast.“Thisis cheap compared to Milos,” she re-minds me, savoring her share of the$48 salt-baked black bass for two.“We paid $135 for a whole fish therelast week. If this were my neighbor-hood, I’d be here every night.”

Though she enjoys the pale fishsoup,a porridge of seafood shreds andvegetables, I find it somewhat bland.Still, our other guest’s fish of thenight—wildly fresh, delicatelycooked grouper with onions, chick-peas and parsley—is impressive.I lovethe peasant salad,with its roof of feta.

Alas, the “crispy sweetbread”starter I ordered as an entrée is notcrispy at all: It’s floury, the exhilarat-ing lemony accent not enough toundo the damage. My guy Steven’slamb shank is a loutish hulk withnothing to recommend it. It will notbe easy to persuade him to return.

I liked Compass in almost all ofits constantly evolving incarnationsover the years. But maybe the spaceneeded new energy; maybe it was

ready for Maria Loi, soon to be a tel-evision fixture, making rounds ofthe room in her chef ’s whites, ask-ing, “Do you like the food?”

I can’t imagine anyone saying,“I’m not exactly thrilled with thesort of chewy rooster in all thisgravy.” Or, “Maybe there could bemore eggplant in the moussaka.” Iresist and just say, “Thank you.”

The restaurant’s name is a tributeto Maria’s grandmother, “a verystrong woman, tough, born in Sar-dinia,”she said.“People called her byher last name, Loi.”

Maria gives desserts away. Herpartners think it’s time she drew upa menu and charged. “But I like togive the dessert,” she insists.

On our most recent visit, she’smade Grandma Loi’s Greek pannacotta, flavored with mastic insteadof vanilla, speckled with pomegran-ate seeds, served in phyllo shells. It’sinfinitely forgettable next to thesturdy baklava,which has our Greekcompanion ecstatic. “It’s the bestbaklava I’ve ever tasted,” he cries.

Is it really that good? I grab a tinypiece of the pastry,amid the beignets,whipped cream on phyllo pastrystrings, cheesecake with preservedblack cherries. Yes, it is that good. Itry to chew slowly to make the sweetnuttiness last, grooving on the sub-tle sighs of cinnamon and clove.

Copyright © 2011 by Gael Greene.Syndicated by www.insatiable-critic.com.


CONFERENCES AND

SEMINARS

TUESDAY, DECEMBER 13

New York Public Library invites you toMUTUAL FUNDS 101. Attendees will learnabout the different types of mutualfunds, how they work and theadvantages to investing in them. Thefree lecture will take place at the Science,Industry and Business Library, 188Madison Ave., from 6 p.m. to 7:30 p.m.For more information, call (917) 275-6975 or visit www.nypl.org.


The Lawrence N. Field Center forEntrepreneurship at Baruch Collegepresents MANAGING YOUR COMPANY’S

FINANCES. The free seminar will discusspractical do-it-yourself methods ofmanaging the finances of startupcompanies. The seminar will take placeat the Field Center, 55 Lexington Ave.,suite 2-140, from 6 p.m. to 8 p.m. To getmore information and to register, call(646) 312-4790, or visit www.zicklin.baruch.cuny.edu/centers/field/events/managing-your-company2019s-finances.


The Peoples Improv Theater presentsSMALL BUSINESS SPEAKING AND

NETWORKING SKILLS. The seminar willshow attendees how to deliver the mosteffective presentations and communicatewith confidence. The event will takeplace at Simple Studios, 134 W. 29thSt., from 7 p.m. to 10 p.m. The cost toattend is $75. To get more informationand to purchase tickets, visitwww.thepit-nyc.com/section/small-business-speaking-and-networking-skillsor call (212) 563-7488.

WEDNESDAY, DECEMBER 14

Join Roy Fenichel Esq. and Donald M.Bernstein Esq. for NEW YORK LIQUOR

LAW LICENSING, a free accreditedcontinuing legal education class forlawyers. The class is designed forattorneys advising clients on liquor lawissues. It is worth three professionalpractice credits and will be held at Bankof America, 50 Rockefeller Plaza, fifthfloor, from 8:30 a.m. to noon. Toregister, call (646) 695-7925 or [email protected].

THURSDAY, DECEMBER 15

SCORE NYC presents BUILDING AN

AFFORDABLE WEBSITE. The seminar willhelp attendees determine what type ofwebsite would work best for their needsand tell them about the costs and thetechnologies available. It will take placeat the Science, Industry and BusinessLibrary, 188 Madison Ave., from 10a.m. to 1 p.m. The cost to attend is $59.To get details and to register, call (212)264-4507, or visitwww.newyorkcity.score.org/events.

NETWORKING RECEPTIONS

MONDAY, DECEMBER 12

NETWORKING FOR PROFESSIONALS invitesyou to its “Shakers and Stirrers” businessnetworking event at O’Brien’s Irish Puband Restaurant, 134 W. 46th St., from6 p.m. to 8 p.m. Tickets are $10 for

members and $15 for nonmembers inadvance, or $20 for all at the door (cashonly). To get more information andto register for the event, visitwww.networkingforprofessionals.com.


Join Con Edison and the ManhattanChamber of Commerce Foundation fortheir QUARTERLY GREEN BUSINESS

NETWORKING EVENT. Speakers willinclude David R. Pospisil of Con Edisonand Jesse Ash of Greener Media. Theevent will be held at the AmericanCancer Society’s Hope Lodge, 132 W.32nd St., from 8:30 a.m. to 10 a.m.There is no cost to attend for chambermembers; $15 for nonmembers withadvance registration. To register, visitwww.manhattancc.org or call (212) 473-7805.

TUESDAY, DECEMBER 13, TO SATURDAY,

DECEMBER 17

The New York Philharmonic presentsHANDEL’S MESSIAH, conducted by PeterSchreier. Performances will take place at7:30 p.m. each day, except for Friday,when the performance will take place at2 p.m., at Lincoln Center, between West62nd and West 65th streets. Ticketprices range from $31 to $132. For moreinformation and ticket prices, visitwww.nyphil.org.


Carnegie Hall presents the ORCHESTRA

OF ST. LUKE’S, conducted by RobertSpano, at 8 p.m. at the SternAuditorium, Perelman Stage, West 57thStreet and Seventh Avenue. Ticketprices range from $14.50 to $83. To getmore information and to purchasetickets, visit www.carnegiehall.org.

THURSDAY, DECEMBER 15,

TO SATURDAY,

DECEMBER 17

Jazz at Lincoln Centerpresents A NEW HOLIDAY

REVUE. Singer Kim Burrell will join theJazz at Lincoln Center Orchestra withWynton Marsalis in a performance ofnew arrangements of holiday jazz andspiritual classics. Performances will takeplace at the Rose Theater, Broadway atWest 60th Street, at 8 p.m. on Thursdayand Friday, and 2 p.m. and 8 p.m. onSaturday. Ticket prices range from $30to $120. To get more information and topurchase tickets for the event, visitwww.jalc.org/concerts or call (212) 721-6500.

FRIDAY, DECEMBER 16, TO SUNDAY,

DECEMBER 18

Works & Process at the Solomon R.Guggenheim Museum presents PETER

AND THE WOLF. Renowned fashiondesigner Isaac Mizrahi will narrate thestory, and George Manahan will

conduct the Juilliard Ensemble. ArtistJason Hackenwerth will also create aninstallation of mobile structures for theperformances. The event will take placeat the museum’s Peter B. Lewis Theater,1071 Fifth Ave., at 2:30 p.m. and 4 p.m.each day. The cost to attend is $30 forGuggenheim members and $35 fornonmembers. To get more informationand to purchase tickets, visitwww.worksandprocess.org or call (212) 423-3587.

—suzanne panara

THE WEEKAHEADDEC. 12-18

INSATIABLECRITIC Gael Greene

Loi takes over Compasssite, with dishes rangingfrom tasty to tepid

Imported ode toGrecian grandma

WHAT HE’S

READINGIT’S BEEN eight months sinceMathew Wambua has had time topick up a book. Mayor MichaelBloomberg in March tapped thelongtime city official to head the Department of HousingPreservation and Development,which develops and maintainsNew York’s affordable housingstock.

“I read voraciously prior tothat,” said Mr. Wambua, whoenjoys devouring science fiction

and fantasy novels. Beforebeginning his new gig, the 41-year-old had finished MarionZimmer Bradley’s The Mists ofAvalon, which reimagines thelegend of King Arthur throughthe eyes of Morgan Le Fay andGuinevere. He also managed tosqueeze in Iain Banks’ Matter, arecent finalist for the PrometheusAward, which is given each yearby the Libertarian Futurist Society.

With any luck, Mr. Wambuawill resume his literary sojourns inabout four months. “I’ve been toldthat about a year into this job Ican start reading again,” he said.

—SHANE DIXON KAVANAUGH

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Pick of the week

LOI208 W. 70th St.(212) 875-8600

www.restaurantloi.com

CUISINE Greek

PRICE RANGE Entrées $19-$38

SERVING Dinner, seven days

RESERVATIONS Recommended

NOISE LEVEL Moderate

I can’t wait to return.

I will definitely go back.

I’ll let them simmer awhile.

NO HATS Never again.

GROUPER DYNAMIC: Wildly fresh fish

To view Crain’s classified events listings, goto www.crainsnewyork.com/events

nyc

mayo

r’s

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