Crain's New York Business by crains-new-york-business

Taxi fares could increase by 23%

BY CAROLINE SPIVACK

he cost of a taxi ride could increase by 23% under a new proposal by the city’s Taxi and Limousine Commission. It would represent the rst metered fare increase in 10 years for drivers, who have been struggling to make endsemeet.proposed changes, which were quietly published on the TLC’s website last Tuesday, would raise the metered pickup rate for yellow and green cabs from $2.50 to $3. Passengers would be charged 70 cents, up from 50 cents, for every fth of a mile when traveling faster than 12 miles per hour or for every 60 seconds in slower tra ec. rush-hour surcharge from 4 to 8 p.m. on weekdays would increase from $1 to $2.50, and the

$3 THE NEW metered pickup rate for yellow and green cabs under the plan, up from $2.50 2022 See FARES on page 34 ENNISBUCK

ASKED ANSWERED& explainsAuthor how Crazy Eddie was a crazy fraud PAGE 6 POWER CORNER Queens councilman believes real power lies with the people PAGE 3 PAGE 15 GOTHAM GIGS MEET COFFEEGREGORYSBEHINDGLASSESTHEPAGE 35 CRAINSNEWYORK.COM | SEPTEMBER 12, 2022 NEWSPAPER VOL. 38, NO. 31 © 2022 CRAIN COMMUNICATIONS INC. ENNISBUCK

TRANSPORTATION HALL of FAME 2022 A salute to four extraordinary leaders who have left their mark on the city and their community PAGE 27 CLOCKWISE FROM TOP: Sallie Krawcheck, James Whelan, Robert Wankel and Darren Walker

overnight surcharge from 8 p.m. to 6 a.m. would rise from 50 cents to $1.

The proposed TLC rate hikes—the rst in 10 years for the city’s cash-strapped cabbies—would affect Uber trips too

Surcharges to support accessible taxis through the Taxicab Improvement Fund and the Street Hail Livery Improvement Fund would more than triple, from 30 cents to $1. e increases, the TLC wrote in a document outlining the proposal, “will help address the challenges of the evolving taxicab and street-hail livery sectors and their need for revitalization by putting more money in the pockets of Travelingdrivers.”to one of the region’s airports by taxi, under the proposal, would become more expensive. ere would be a new $5 surcharge for trips to and from LaGuardia, and an increase in the Kennedy at fare from $52 to $65. e surcharge for all trips to

SOURCES: U.S. Census Bureau; migrationpatterns.org. Created with Datawrapper WHEN PEOPLE LEAVE NEW YORK, THEY TEND TO STAY IN THE NORTHEAST Migration from New York between ages 16 and 26 MORE PEOPLE TRAVEL TO NEW YORK FROM FARTHER DISTANCES Migration to New York between ages 16 and 26 Washington,BridgeportNewark D.C. PoughkeepsieOrlandoBostonLosAngelesPhiladelphiaAtlantaMiami 1.94% 0.85%0.91%0.99% 0.66%0.71%0.71%0.73%0.73%0.71% TomsChicagoMiamiPoughkeepsieWashington,LosPhiladelphiaBostonBridgeportNewarkAngelesD.C.River,N.J. 3.22% 1.69% 0.56%0.65%0.74%0.81%1.00%1.17%1.25%1.27%DETAILS NOtE: The research uses “commuting zones,” which the Census Bureau designates by grouping together local economies. The New York zone encompasses the five boroughs and Long Island. The data was compiled using information from the Census Bureau, the U.S. Department of Housing and Urban Development, and the Internal Revenue Service. BLOOMBERG

TOURISM

NYC & Company, the city’s official tourism development and market ing organization, said it expects to regain more than 85% of its bench mark 2019 tourism levels this year, with the current forecast projecting 56.7 million visitors for the year. The number of international visitors is expected to triple the 2021 figure, rising from 2.7 million to 8.3 million.

[tourism] market will come back to 2019 [levels] by 2024, and we’re on track to get there despite these head winds,” he said.

“Ifweekend.youlook at the numbers, we’re much higher than 2021, and we’re seeing counts that are above 2019 numbers on a regular basis—which is phenomenal,” said T.J. Witham, spokesman for the Times Square Al liance, a Manhattan business im provement district.

Zero appears to be recov ering from low tourism numbers brought on by the first years of the Covid-19 pandemic, a trend that attractions citywide are starting to notice.

The museum remained closed for nearly seven months in 2020. It re opened Sept. 11 that year for fami lies of the victims and then the next day for the public. It has been hard for the eight-year-old museum to re gain the lost foot traffic. It welcomed 185,000 visitors in July and 177,000 last month. By comparison, there were about 320,000 monthly visitors in July and August 2019.

Greenwald said, “9/11 is an event that people continue to want to make sense of. It continues to be something they want to come to terms with in their own minds. They come to pay respects, and they come almost as a pilgrimage, for some thing which they view in their minds as a sacred site.”

hood’s daily average foot traffic in June reached 344,133, up 103% from the June 2021 rate.

Times Square welcomed a peak number of 445,300 visitors on July 2 this year, and its Labor Day weekend average rate reached 360,089, an in crease of 42% from last year’s Labor Day

SEPT. 29

Date: Thursday, Sept. 29, 2022

Location: 583 Park CrainsNewYork.com/BestPlaces2022Ave.

Even the beleaguered hotel in dustry is standing taller.

Optimistic outlook

About 79% of young adults who grew up in the New York area have opted to stay, according to new research from the U.S. Census Bureau and Harvard University that analyzed migration patterns for people born between 1983 and 1996 and who lived in New York at age 16 and again at 26.

EVENTS CALLOUT

Of those who do leave, the average move is about 150 miles away. For context, that’s the approximate distance to Providence, Rhode Island, or Harrisburg, Pennsylvania.

Those who are migrating to the city tend to be from wealthier families.

Her team partnered with NYC & Company to coordinate a “tribute in lights,” whereby buildings and landmarks around the city were scheduled to be lit up in memorial blue. The Empire State Building, One World Trade Center, One Van

Tourism numbers are improving across categories, putting city on track to recover 85% of 2019 benchmark

This month the museum passed the 1 million mark for annual visitors, and the memorial area has had 3.9 visitors this year, Greenwald said.

Industry improvement

By contrast, millennials from other parts of the country move an average of 181 miles away from home. Many of them come to New York; the city is the top destination for people who move, drawing 3.2% of those who choose to uproot. Of those, 3.2% are from the Newark area, 1.7% are from Bridgeport, and 1.3% are from Boston. The New York area is the second- and fourthhighest destination for Black and Hispanic millennials, respectively.

9/11 Memorial and Museum sees visitor rebound

“We’re doing pretty well. I was in the museum this morning, and it was throbbing and busy,” Alice Greenwald, president and CEO of the facility, said last week. “We are seeing consistently increasing at tendance, and that is with fewer days and hours of being open to theOverall,public.”the museum is at 64% of its pre-pandemic visitation rates. It averaged 3 million visitors per year prior to the pandemic, while the outdoor memorial received an aver age of 6 million visitors annually.

2 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022 Vol. 38, No. 31, September 12, 2022—Crain’s New York Business (ISSN 8756-789X) is published weekly, except for no issue on 1/3/22, 7/4/22, 7/18/22, 8/1/22, 8/15/22, 8/29/22 and the last issue in December. Crain Communications Inc., 685 Third Ave., New York, NY 10017. Periodicals postage paid at New York, NY, and additional mailing offices. Postmaster: Send address changes to: Crain’s New York Business, Circulation Department, PO Box 433279, Palm Coast, FL 32143-9681. For subscriber service: call 877-824-9379; fax 313-446-6777. $140.00 per year. (GST No. 13676-0444-RT) ©Entire contents copyright 2022 by Crain Communications Inc. All rights reserved.

ost millennials born in New York still live here. And the city has not lost its allure for the rest of the nation.

Migration patterns vary widely across race and income groups. Although the average white millennial who moved to New York came from an average of 255 miles away for their job, the average Asian adult moving to the area traveled 301 miles. The average Black and Hispanic young adult traveled 97 and 125 miles, respectively.

The museum also partnered with AMC Theaters to host screenings of a 30-minute documentary, featur ing first-person narratives of survi vors, at one of AMC’s 650 theaters. The museum also launched a #Re membertheSky social media cam paign, which asks individuals and organizations to take photos of the sky and post them to social media.

The citywide hotel occupancy rate this month is 78%, and revenue per available room is only 10% lower than its 2019 levels, according to Vi jay Dandapani, president and CEO of the Hotel Association of New York City, a trade Dandapanigroup.said external matters are stymieing a full city tourism re covery: China remains on lock down for Covid-19; business travel continues to stay far below 2019 levels; and the United States still re quires foreign travelers to show proof of vaccination when entering this“We’vecountry.always maintained the

But most stay closer to home. Almost 2% go across the Hudson River to the Newark area, while 1% move to the Bridgeport, Connecticut, area. Nearly 1% head to Boston, and 0.73% settle in Los Angeles.

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The gradual return of tourists and visitors to the memorial and museum reflects a broader phe nomenon of travelers flocking back to New York following two years of closures and caution sur rounding the pandemic.

BY AMANDA GLODOWSKI

For millennials, New York remains as popular as ever

Greenwald said she hoped some of the programming planned by the National 9/11 Memorial and Muse um to commemorate the 21st anni versary would draw curiosity from Americans who were either too young to remember or were not yet born during the terrorist attacks.

“For those of us who remember 9/11, one of the most indelible as pects of that day was the extraordi nary clarity of the blue sky,” Green wald said. “We want to create a br idge for young people who don’t have that memory of the sky with the people who do have that memory.”■

Millennials who relocate to New York and whose parents are in the top 20% income bracket seem to have more flexibility, with an average move of 299 miles, while those whose parents are in the bottom 20% income bracket moved just 110 miles from their hometown.

STATS AND THE CITY

derbilt and the Bank of America Tower were some that took part.

BY BRIAN PASCUS

he National 9/11 Memorial and Museum at Ground

BOUNCING BACK The National 9/11 Memorial and Museum at Ground Zero appears to be recovering from low tourism numbers.

ALAMY

Time: Noon to 2 p.m.

Foot traffic in Times Square— arguably the city’s primary tourist hot spot—has rebounded signifi cantly this summer. The neighbor

BEST PLACES TO WORK LUNCHEON

BORN Hoboken, New Jersey

What is the best lesson you’ve learned during your career?

POWER MARKS

I would say that the programs and laws that we have on paper are not worth more than the paper they’re written on if they’re not reaching communities like my own on the ground, on the street level. Immigrant workers in Elmhurst were some of the

What drove you to run for the City Council?

The five-point plan is calling attention to long-standing issues. One, making sure we have $1 billion or 1% for parks in the city budget. Two, the 1 million trees initiative. Three, creating a Parks Construction Authority. It takes a decade to build a park or even build a bathroom in a park, and the capital process is completely broken. Four, ensuring that all our New York City communities have access to our waterfronts. And five, investing in playgrounds for all of our city ZIP codes.

■

There’s been many, but one that stands out is our announcement of our five-point plan with the focus of parks in our city. Jackson Heights and Elmhurst have some of the least amount of park space in New York: We’re ranked 50 out of 51 [council districts] when it comes to park space per capita. As chair of the parks committee, it’s my mission to show how parks and green space are connected to social justice and housing justice and are a climate issue as well.

I want to fight for more resources and services at Elmhurst Hospital. Our public hospital system is at the heart of our city’s health care, and it receives less in public funding than private health care innovations. That can’t be, because our public hospitals are serving everyone. Elmhurst Hospital serves 1 million residents in Queens, but it has less than one bed for every 1,000 patients that come through its doors. The [health care disparities of the] pandemic weren’t an accident. They were the result of decades of disinvestment.

Being a civil rights lawyer for 13 years in this city, representing tenants and fighting against housing discrimination, against evictions and suing the city over discrimination and rezoning that violates Fair Housing Laws, I represented tenants on the verge of displacement and saw the gulf between the investments the city needs to make in communities like my own and what is happening on the ground in City Hall.

Queens Councilman Shekar Krishnan believes real power lies with the people

those who are most vulnerable and those who are most harmed by the failures and inaction of the city. It is our responsibility to ensure that we are amplifying and fighting alongside the voices of those least heard and least seen by government.

“IMMIGRANT WORKERS WERE SOME OF THE mOSt eSSeNtIAL WOrKerS IN THE CITY, AND THEY HAVE beeN eXCLUDeD FROM GOVERNMENT RELIEF”

Why do you think capable people in your line of work lose power? I think they lose sight of what their work truly is and their responsibility to that position. It’s often too easy to see politics, to see this work as driven by electoral victories or by what happens in the halls of government, and that’s not where power or the work is. The work is ensuring we’re fighting alongside those on the ground who are most impacted by the failures of government policy and inaction.

Who is your mentor?

By listening first. I think listening is so much more important than speaking. When we make an effort to understand where others are coming from, even when we deeply disagree, there’s so much more we can do to build a relationship and do this work together.

That the work is always driven by grassroots movement and communities. I’ve seen time and time again laws on paper are not enforced in reality. I don’t put stock in courts and institutions. I place my faith in and get inspiration from communities on the ground that are leading these movements. That’s ultimately what makes for historic victories.

n 2021 Shekar Krishnan, the son of immigrants from Kerala, India, became the first Indian American elected to the City Council. Krishnan, 37, represents a Queens district that encompasses Jackson Heights, Elmhurst and parts of East Elmhurst. He emphasizes that he fights for a commu nity that is a victim of decades of government disinvestment—and notes that his district doesn’t have a single community center. As chair of the Committee on Parks and Recreation, Krishnan holds an important role in overseeing an agency that touches each of the five boroughs. This year he called for planting more than 1 million trees in the city by 2030 and creating a Parks Construction Authority to oversee new park projects and restorations. The former civil rights attorney sat down with Crain’s to discuss his career and newfound power in government.

ON HIS RÉSUMÉ Civil rights attorney and co-founder of Communities Resist, a civil rights nonprofit (2019–21); Brook lyn Legal Services Corp. (2014–19)

What actions are you focused on taking in the coming months?

How do you define power?

Krishnan is one of 51 City Council members who decide on laws and public policy for New York. As chair of the Committee on Parks and Recreation, he oversees issues.andenvironmental,importantsocialconstruction

POWER CORNER

BREAKING THE MOLD Krishnan has championed the Open Streets pro gram, which closes roads to vehicle traffic, and has identified 26 spots for this pedestrian-priority innovation. His district of Jackson Heights will be home to a “superblock” of public green space.

most essential workers in the city: baristas, cabdrivers. And they have been excluded from every form of government relief, and that is absolutely atrocious.

What is the most critical action you’ve taken since assuming office in January?

What are the benefits of holding power in your line of work?

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 3

HOLTASHLEY

EMPLOYEES Six

RESIDES Jackson Heights, Queens EDUCATION Bachelor’s in engineering, Cooper Union; J.D., University of Michi gan Law School

We have an incredible responsibility as elected officials to use our platforms to ensure that public attention is focused on

I’d say 34th Avenue’s Open Streets [corridor] in our neighborhood. That’s where you’d see me sprinting after my kids. I’ve joined cultural celebrations and music around 34th Avenue. It’s a space that’s restorative for me.

takeaway for professionalsbusiness

INTERVIEW BY BRIAN PASCUS

The ones who really impact me the most are the tenants—the immigrant tenants I represented over all these years—and the taxi workers I fought alongside. They are my conscience and my mentors and my inspiration because of what they do every single day, the struggles they undertake that make our city thrive. That’s what inspires me.

How do you persuade someone to your point of view?

Where do you see inaction that frus trates you?

Power is what comes from communities and movements first. Power is not politics or what’s happening in the halls of government. Power is bottom-up change, driven by those on the ground, especially those most impacted by policies and the lack of policies.

Where’s your favorite place to connect with people?

Indeed, it has made the Chetrit Or ganization hopeful that it can finally fill a retail space across the street at 428 Broadway that has been vacant for at least a decade, says Block, who added that since the THCNYC lease was inked last winter, offers have started appearing.

This 6-story commercial building was purchased for $22.5 million in 2005 by the Chetrits. But many of its floors are empty, after collapsed coworking provider WeWork shuttered a four-level offering there last year. The Chetrit Organization had other exposure to WeWork, which was also a tenant at its 404 Fifth Ave. The retail spaces have been empty longer, as this part of SoHo was never as strong of a draw for retailers as points north and west. But the red-brick building’s 13,000-square-foot retail space, which is being marketed by Winick Realty Group, has received a handful of offers in recent weeks from apparel and “experiential” tenants, Winick said.

309 CANAL ST.

In 1967 Franklin National Bank built a single-story, subur ban-style bank branch on this corner site and surrounded it with greenery, turning the lot into an unofficial park for the dense neighborhood. Subsequently, European American Bank cashed checks at the site until shuttering in 1996, when the parcel was sold to a local limited liability company for $875,000, records show. A flea market followed on the site, until the bank was demoed in 2002. In 2016 the site was redeveloped into a glassy, 6-story, 37,000-square-foot office building whose sole tenant is Cubio, a flex-office-space provider. A Cubio berth for two employees is $900 a month.

434 BROADWAY

High hopes surround the opening of a pot museum on an overlooked SoHo block

WHO OWNS THE BLOCK

BY C. J. HUGHES

s people trickle back into stores, and retail rents show modest improvements, a quiet corner of SoHo is banking on buzz from a new marijua naThemuseum.museum, the House of Canna bis, or THCNYC, is set to open in the next few months at 427 Broadway, a 5-story building between Howard and Canal streets, in an enclave often overlooked by tourists.

But the executives behind the deal—including landlord the Chetrit Organization, which owns several properties in the immediate area— are counting on a THCNYC spillover effect.“The Chetrits could have just stuck a discount store in here just to do a deal,” said Lee Block, an executive vice president of Winick Realty Group, which repped the Chetrit Organiza tion in the transaction along with firm founder Jeff Winick. “But they wanted something with longevity that will help the Conceivedneighborhood.”byLasVegas club im presario Robert Frey, THCNYC has leased the entire 1870 cast-iron land mark, including a roof deck, in a 10year lease that comes with a five-year option. His rent was not disclosed.

But retail rents in the area, which usually trail the stretch of Broadway close to East Houston Street, are hov ering around $250 per square foot, about what they were before Covid-19 slammed the city, Block said. Rents closer to Houston are about $350 per square foot, according to research from the firm CBRE, up slightly from the start of the year, though some were closer to $1,000 per square foot in the years before the pandemic.

■ 427 BROADWAY MAPSGOOGLEENNIS,BUCK

433 BROADWAY

427 BROADWAY

The House of Cannabis could drive tourists to an area once known for sales of counterfeit handbags and drum up retail deals nearby

3 MERCER ST.

This 9-story, Italianate office building, which has open floors punctuated with columns, has attracted keen in terest from national investors in recent years. In 2010 the Georgetown Co. picked up the 52,000-square-foot address for $41 million, before flipping it to Atlas Cap ital just three years later for $62 million. After, real es tate investment firm Savanna, which appears to have partnered with Atlas on the deal before taking control outright, spent millions refurbishing the ground-floor retail space. Sweatshirt company Champion opened a store there in 2018. But Savanna didn’t hold it for long. In 2020 it sold No. 434 to Tokyo Trust Capital, a Japan-based asset-management firm, for about $98 million, a huge deal for the pandemic era. General Cat alyst, a tech-focused venture capital firm, is an office tenant on the sixth floor.

Frey could not be reached, and Jo seph Chetrit, founder of the Chetrit Organization, also did not return a call by press time.

Also, two landlords control much of the neighborhood. Besides Chetrit, there’s United American Land, which owns dozens of properties. That level of control has some brokers hopeful that southern SoHo can achieve a co ordinated look and feel, and evolve from its identity as a haven for coun terfeit-handbag vendors, which exist ed until just a few years ago.

428 BROADWAY

This white-toned landmark, which in recent years had an Amer ican Apparel store at its base and tech tenants upstairs, this winter will transform into the House of Cannabis, or THCNYC, an unusual museum set to offer exhibits on marijuana’s history and art shows about pot-inspired creations. (Why not 420 Broad way, a few doors down at Canal Street? Perhaps because it’s occupied by a branch of Bank of America.) Handling the deal for the landlord, the Chetrit Organization, were Jacob and Mi chael Chetrit, who saw the potential “to create an identity for this section of Broadway,” said Lee Block, the broker representing them. THCNYC won’t be only high-minded; an event space in the building will present social-justice-themed seminars, museum founder Robert Frey says.

This 5-story brick-and-stone building, like several in the area, is owned by United American Land, a firm controlled by Brooklyn’s Laboz family. Other examples are 419, 425 and 430 Broadway. In 2005 United purchased No. 309— a landmark whose oldest section dates to 1856—for $10 million, records show. A top-to-bottom makeover came about five years later, as the neighborhood evolved from a knock-off bag district to the mixed-use community it is today. Called the Constable building, No. 309 offers 18 apartments on its upper floors. (The apartments are reached through an entrance at 53 Howard.) In August a one-bedroom with tall ceilings and a washer and dryer rented after being marketed at $8,000 a month, which was down from its original price of $8,500, listings show. More than a century ago, the downstairs of No. 309 of fered a department store focused on silk goods. Today it houses La Mercerie, a four-year-old, upscale café paired with a home-furnishings store, where the mugs and plates that are used for meals are priced for purchase.

Promising an “immersive destina tion exploring cannabis culture through a multisensory, transportive experience,” THCNYC will not actual ly sell pot, Frey has said. But if the lines at the Museum of Ice Cream at nearby 558 Broadway are any indica tion, crowds are expected all the same.

48 HOWARD ST.

Skinny, at just 22 feet, and zigzagged with fire escapes, this com mercial building is also made mostly of brick, which differenti ates it from many of its cast-iron peers. Its landlord since 1973 appears to be Dapaul Realty Corp., which last month sold the property to a similarly named shell company for $8 million, sug gesting a transfer between family members. The pandemic has not been kind to the value of the building, as with many commer cial properties. In 2019 its market value was nearly $1.9 million, according to the city (which tends to provide low-ball estimates). This year the 1860 Italianate structure is worth just $1.5 million.

4 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

In the 1970s this 3-story brick building was the site of an experimental art gallery. Today its re tail space offers Roll & Hill, a lighting showroom, but perhaps not for long. Under the sweeping rezoning of SoHo and NoHo approved by the City Council in December, the 3,800-squarefoot structure, which is not a landmark, is now a potential development site. A 13-story tower could rise in place of the building, owned for years by a firm called Canal HiFi. Another big change, as per the zoning update: People can no longer live in commercial buildings illegal ly. Decades ago artists were permitted to do so, but many non-artists abused the loophole, prompting the crackdown, officials say. An era may hang in the balance.

Potential consequences

Safety-net hospitals especially would feel the effects, Mehta said.

Changing the statute of limita tions for when families can file a wrongful-death suit, and expand ing who can sue, would have “rela tively minor impact,” Milliman said.

New York is already a poor prac tice environment for doctors, he said, partly because medical mal practice payouts are large and regu lations on practicing medicine are strict. He added that up to 60% of doctors who complete residency training in New York leave to prac

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The bill passed the state Legisla ture and is awaiting Gov. Kathy Ho chul’s review. Providers said they are hoping she will veto it.

Oxford insurance products are underwritten by Oxford Health Insurance, Inc.

Oxford $0 deductible plans are available for New York-sitused employers and can be paired with either the Freedom, Liberty or Metro network. $0 virtual care copays apply to all Oxford fully-insured non-HSA plans except for Healthy NY. Plans sold in New York use policy form numbers: OHINY_SG_GEA_2023 and POL20.OHI.2019.LG.NY.

HEALTH CARE

A push for expansion

and inhumane language, which measures the worth of loved family members solely by their value as wageActuarialearners.”firm Milliman prepared a review for the New York Civil Jus tice Institute of how the bill could affect finances. The firm’s calcula tions show the bill could increase medical professional liability pre miums by about 40% and increase general liabilities by 11%.

“Liability insurance premiums are already higher in New York than almost anywhere else in the coun try,” the letter said. “For businesses already operating in the state, in creased liability insurance costs will lead to price increases, pay cuts and even layoffs—ultimately devas tating already-struggling commu nities.”

Providers said they are con

Lev Ginsburg, general counsel at the New York Business Council, which represents about 3,500 busi nesses across the state, told Crain’s that the Grieving Families Act would prompt doctors to practice “defensive medicine,” such as con ducting extraneous diagnostic tests out of an abundance of caution and to build a potential defense in case of a “Whenlawsuit.you drastically increase the cost of malpractice, it has a chilling effect on the practice of medicine,” Ginsburg said. “There are practices that won’t see certain patients anymore. You’ll also see this dramatic uptick in defensive medicine that we don’t need.”

As premiums go up, he added, businesses could wind up absorb ing the costs, and with the price of health care rising, they could wind up paying even more to insure their employees.Inaletter published in June, business leaders from across the state said the higher cost of medical professional liability insurance could be passed onto patients and induce businesses to lay off em ployees.

Tom Stebbins, executive director of the Lawsuit Reform Alliance of New York, a not-for-profit organiza tion, said, “If signed into law, this bill will drain municipal budgets, increase household expenses as we battle record inflation, and devas tate New York’s already strained health care system, disproportion ately harming the medical profes sionals and hospitals that serve our communities.”IfHochul signs the Grieving Families Act into law this year, it would become effective immedi ately. ■

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Expansion of wrongful-death damages could inflate insurance costs, providers and insurers say

New York’s wrongful-death law allows families to recover only damages that can be quantified as monetary amounts, such as funeral expenses and the victim’s medical care. The bill, the Grieving Families Act, would enable families to recov er damages for their own grief and suffering and extend the time they have to file suit by 18 months, to three and a half years after the death. It also would empower un married partners and others who consider themselves the victims’ close family to recover damages.

nsurance and medical provid ers said a state bill that could expand the damages recover able in wrongful-death lawsuits against hospitals and health care organizations would force employ ers to pay more for workers’ health insurance and cause medical pro fessionals to provide more pre-emptive care, racking up costs.

Assemblywoman Helene Wein stein of Brooklyn, who sponsored the bill in her chamber, was not available for comment before pub lication. But in a memo on the justi fication for the bill, lawmakers said New York’s rules for wrongful-death suits are “out of step” with those in other states. Sen. Brad Hoylman of Manhattan sponsored the bill in his chamber.“Thecurrent law, which awards compensation for pecuniary loss only, impacts most harshly on chil dren, seniors, women and people of color, who often have no income or significantly less income, and are traditionally undervalued in our society,” the memo said. “For many years, the courts have struggled to overcome the current law’s narrow

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cerned the proposed changes would increase the amount hospi tals and health care organizations would pay for medical malpractice insurance, as well as malpractice case payouts, both of which could take funding away from patient ser vices.Dr. Parag Mehta, president of the Medical Society of the State of New York, said actuarial estimates show the measure could lead to a 40% in crease in malpractice premiums for private physicians and a 45% in crease for hospitals.

tice in another state.

Both increased premiums and higher lawsuit payouts would cut into their already shaky finances, he said, limiting the resources they have to render care to underserved populations.

INTERVIEW BY AARON ELSTEIN

If Eddie was around today, what business do you think he’d be in?

Was Eddie rich when he died in

GARY WEISS Author

Cousin Sam Antar was CFO, and at rst he lied his head off to investigators. He changed sides because Eddie treated him badly. Eddie treated a lot of people close to him badly, including his wife. Like a lot of crooks, he wasn’t good at considering the consequences of his actions.

BORN Grand Concourse, Bronx RESIDES West Village

ASKED & ANSWERED

EDUCATION Bachelor’s in communications, City College of New York; master’s in journalism, Northwestern University

Let’s talk about Eddie’s background. He was from the Syrian-Jewish community, a small, conservative and, I would add, mostly law-abiding enclave in Brooklyn. For a long time Jews from Europe looked down on the Syrians because they didn’t speak Yiddish, and the Syrians called European Jews J-dubs, which I think comes from their word for fool. The Syrian community is larger than ever, but retailing isn’t really part of it anymore. People have gone into real estate.

Be where news happens

ary Weiss is a business journalist and author of Retail Gangster: The Insane, Real-Life Story of Crazy Eddie. The retailer’s ads were a xture of local media 40 years ago and burned into the consciousness of New Yorkers. In what The Wall Street Journal calls “a fast-paced, entertaining narrative,” Weiss spotlights how the craziness went far beyond the airwaves.

CRAZY RESEARCH To re-create Crazy Eddie’s colorful world, Weiss dug through years of newspaper les. Ads provided useful information, such as how many stores existed at a given time and where. “It’s not as if anyone at the company was writing that stuff down,” Weiss said.

BREAK FA ST

His marketing literally was like nothing anyone had ever seen. His commercials came out late at night, and the message was “Go to the store!” An actor played Eddie. Viewers hated the ads, but they obeyed.

READING LIST He has written several books, including Wall Street Versus America; Born to Steal, which is about a penny-stock hustler; and Ayn Rand Nation

The company went public in 1984, and Eddie made a

CRAIN’S NEW YORK

6 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022

That’s a good question. He stashed money overseas, and while the feds recovered a lot of it, I don’t know if they got it all.

Why did Eddie’s family turn against him?

STARTING OUT Weiss got his start at the Hartford Courant, covering small-town Connecticut. He later moved to a wire service in Washington, D.C., where his role was “business editor of some kind.” That turned into a job at Barron’s and, later, BusinessWeek.

Business journalist and author

ENNISBUCK

Thursday, Oct. 13 | 8-9:30 AM

What made Crazy Eddie so successful?

Join us to hear from Keechant L. Sewell, Police Commissioner of the New York City Police Department. Find out how the NYPD is tackling a post-Covid crime wave, what officers are seeing on beefed-up patrols on the subway, and how the agency is working to enable a safe return to the office, a top concern for business leaders.

big mistake: He didn’t anticipate that corporate raiders would buy the stock, take over his company and then take a close look at the books. And to make pro ts look better before the IPO, he’d made the decision to skim off less than he had in the past.

But the business was a fraud, right?

It wouldn’t be electronics because the business as he knew it is dead. I imagine he’d be involved in the internet because that’s where the frauds are. Probably he’d be in Bitcoin. ■

Keechant L. Sewell Police Commissioner New York City Police Department

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How did Eddie get caught?

WHODOSSIERHEIS

From the beginning. There was a lot of fraud in New York retail in the 1970s. The SEC even accused the city of committing fraud by covering up how bad its nancial situation was. Eddie kept prices low by refusing to share sales taxes with the government. He’d sell oor models as new by repackaging them. If a warehouse ooded, he’d shove as much stuff into it as he could and then call the insurers. He called it “spiking the claim” and got away with it because insurers never talked to one another.

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Why?Some of it is the nature of the job itself. State legislators can hide. ey almost never have to make critical decisions, and when they do, the policy matters are decided at 50,000 feet. Mayors run things. Especially New York’s. And when you have actual operating responsibility for streets and schools, roads and parks, prisons and waste-transfer stations, two things invariably happen.

maybe that’s why he failed?

president & ceo K.C. Crain group publisher Jim Kirk publisher/executive editor Frederick P. Gabriel Jr.

op-ed editor Jan opinion@crainsnewyork.comParr,

New York City must clear the way to encourage housing construction

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uring the past 50 years, New York City has had seven mayors (not counting Eric Adams, who took o ce this year). Five of them then ran for higher o ce. President. Governor. Senator. House of Representatives. None won.

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In fact, in modern history, no mayor of New York has ever won subsequent o ce. e job that’s considered the second hardest in all of U.S. politics—a job that provides a global platform every day, a job with close to unchecked power in running the greatest city in the world—is also very much a dead end.Bill de Blasio in July ended his run for an open congressional seat, becoming the latest casualty. De Blasio had run for president in 2020, and he considered running for governor this year. He is considered one of the most unpopular mayors in the city’s long history, so

Is it embarrassing that none of our mayors can play beyond Broadway? A little. We’re supposed to be the best at everything. Even winning o ce. But if it means having a mayor who’s achieving worthwhile, di cult things? It’s more than worth it. ■

director,REPRINTSreprints & licensing Lauren Melesio, 212.210.0707, lmelesio@crain.com

limit or eliminate environmental review of some projects, and reforming the city charter to create an appeals process for zoning changes rejected by the City Council.NewYork’s environmental review law, which came out of the 1960s and ’70s backlash against destroying communities in the name of progress, is wellintentioned. However, the CBC points out, the “private right of action” contained in the law “ampli es the ability of small groups of individuals, often of high economic status and possessing negative opinions of growth, to block projects with broad bene ts for other current andsawdecisions,developmentcitizenchampionedJaneresidents.”futureLateactivistJacobs,whovoicesinneverthiscoming.

productionPRODUCTIONand pre-press director Simone Pryce media services manager Nicole Spell

First, you can’t get everything right. You oversee more than 300,000 employees. Someone is

BY BRADLEY TUSK

A theory on why New York City mayors always fail at running for higher of ce

editor-in-chiefEDITORIAL Cory cory.schouten@crainsnewyork.comSchouten, managing editor Telisha Bryan assistant managing editor Anne Michaud director of audience and engagement Elizabeth Couch data editor Amanda Glodowski

chronicled by the news media, the mayor faces press scrutiny all day, every day. Emerging unscathed from such coverage de es the laws of political gravity. And when mayors then run for subsequent o ce, their opponents, the media and Twitter ecstatically remind us of theirFinally,failures.at least for the four recent mayors who ran for president, everything that New Yorkers want in their mayor—brash, aggressive, combative, even arrogant—are traits the rest of the country hates.

Well, Mike Bloomberg was a popular mayor. For much of his tenure, Rudy Giuliani was too. As were Ed Koch and John Lindsay. ey all ran for o ce after leaving City Hall. Despite having outstanding qualities that allowed them to win the mayoralty, it did not translate into their next race. If anything, voters held the former mayors’ experience against them.

New York will need to build 560,000 residential units by 2030, according to an estimate from the Real Estate Board of New York. A small fraction of that number is in theLet’spipeline.reform now, before the housing crunch makes the city unlivable. ■

has helpfully laid out 15 improvements that could be made at the city and state levels, and it rates them from “modest” bene t to the mostwithNaturally,“substantial.”theimprovementsthebiggestbangwouldbediculttoachieve. ey involve changing New York law to

doing something wrong, intentionally or unintentionally, every minute of the day. Even when the workers’ intentions are good, it doesn’t mean our schools are e ective or our parks are clean or our transportation system is well run. e mayor owns all of that.

e CBC studied land use applications led between 2014 and 2017 and found that they took 2.5 years to approve, with precerti cation and environmental review taking up most of the time. at is two to three times as long as Boston and Los Angeles.

Second, even when you do make the right decisions, someone is always on the other side of the issue. Take policing. Aggressive policing under Giuliani and Bloomberg cut crime dramatically. But many New Yorkers said their privacy and other rights were being sacri ced. Lax policing under de Blasio—combined with some unwelcome help from Albany and Covid-19—led to a city now gripped by fear and violence. Whichever path the mayor chooses, a lot of people will be unhappy.Although members of Congress dream of having their every step

OP-ED

EVENTS

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York produces less housing per capita than most other large cities, even those with more onerous planning and public review processes,” the CBC concluded. e CBC plans to present its ndings at a virtual event Sept. 28, with opening remarks by Maria Torres-Springer, deputy mayor for economic and workforce development.Anotheridea whose time has come is to create a comprehensive citywide zoning plan. A Crain’s report in January noted that New York is alone among large U.S. cities in lacking such a plan.

NEW YORK WILL NEED TO BUILD 560,000 RESIDENTIAL UNITS BY 2030

Bradley Tusk is a venture capitalist and political strategist in New York.

senior reporters Cara Eisenpress, Aaron Elstein, Eddie Small reporters Maya Kaufman, Brian Pascus, Jacqueline Neber, Natalie Sachmechi, Caroline Spivack

“ is is one reason why New

of housing.eCBC

8 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022

he guardrails installed around developmentresidentialinthe city were put there with good intentions. But at some point it became clear that too much caution was ruining the ride. at is the case with the city’s land use approval process. A new report from the Citizens Budget Commission points to the process as one reason that housing creation in New York has failed to keep pace with population and job growth.ereport recommends changes to reduce the time and money developers must invest— which ultimately raises the cost

EDITORIAL

“ e city has stumbled between rampant growth and well-intended regulation one century after the other—without ever quite succeeding in giving communities a sense of control over their destiny,” reporter Matthew Flamm wrote in January.

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A magnet for critics

Net benefits

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 9

early three years after the emergence of Covid-19, New York City’s hospitality industry remains 70,000 jobs below prepandemic employment levels. Since New York first shut down in 2020, Midtown has faced outsize challenges on its path toward recovery, many of which are a byproduct of its reliance on its office buildings, Broadway and tourists.Although business for restau rants, shops and theaters south of 60th Street is better than it was last year, the recently proposed conges tion pricing plans would compli cate and threaten the area’s recovery.Inthesummer of 2020, the Delta variant decimated Manhattan just as business appeared to be on the rebound. Then omicron struck, resulting in office workers again staying home and visitors cancel ing their plans—a crippling blow to the hospitality sector.

Now, as restaurants struggle to deal with the inflation-driven increase in the cost of food and labor, combined with fewer cus tomers and pandemic debt, con gestion pricing would be salt in an openAccordingwound. to one of the propos als, delivery trucks dropping off restaurants’ food, drinks and sup

It won’t matter if a restaurant orders provisions from a national supplier or from small farmers transporting their harvest from upstate. Those businesses can’t deliver their products on the sub way or buses, so they would have to pay the fee.

Added costs

Either we face the economic real ities of climate change and address them head-on or we pay an even greater price in the long run.

Numerous European utilities already have run completely on renewables for short periods of time. Even California’s muchmaligned energy grid has briefly run close to entirely on wind and solar. In New York, more than 90% of the electricity used upstate is carbon-free.NewYork will require hundreds of billions of dollars in new infra structure and incentives, however.

Through the aftermath of 9/11, the economic recession of 2008-2009, Hurricane Sandy, and now, Covid-19, we have been honored to join hands with our clients to support their extraordinary communities.

The Climate Action Council’s plan, however, forecasts a net bene fit to the state of $90 billion to $120 billion.The long-term economic dam ages of inaction, meanwhile, include higher costs for energy, insurance, borrowing, development and labor. There also are social costs including increased crime and a widening income gap.

BY ROBERT AND ANDREW RIGIEBOOKMAN

Fund the present. Fund the info@koszynandco.comwww.koszynandco.comfuture.

Although there are some publicly sponsored financing mechanisms available now, the programs are not sufficiently scaled and will need to be ramped up exponentially.

Reducing traffic congestion, lim iting harmful emissions and raising funds to fix mass transit are good ideas. But it’s detrimental to imple

Congestion pricing plans threaten Midtown’s recovery

The congestion pricing idea— which was conceived in a prepan demic New York City—would deter people from traveling into the heart of Manhattan to socialize and spendImposingmoney.hefty fees on commer cial vehicles that have no choice but to enter the congestion zone would mean passing the cost onto restaurants, bars and other small businesses as they try to recover from years of hardships.

The Climate Action Council envi sions a zero-emissions economy.

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Big changes are coming. New York’s climate laws will have a pro found impact on day-to-day busi ness operations, transportation, housing and thedefeatslightlydon’tourinducements,programs.availableportalCountyoftheworkingholdingmakelogicaltoachestertopushdecreasingmentsectoradvancements—ledUltimately,development.onlytechnologicalbytheprivatewiththeassistanceofgovernsubsidiesandcoupledwithenergydemand—canusforward.ItistimeforNewYorkbusinessesembracesustainablepractices.InstitutionssuchastheWestCountyAssociationwillplayvitalroleinconnectingcompaniesthefinancial,legalandtechnoresourcestheywillneedtoprogress.Theassociationissymposiums,conveninggroupsandadvocatingforenergyandsustainabilityneedsbusiness.TheWestchesterAssociation’sclean-energylinksNewYorkbusinessestoincentivesandotherGivenadequategovernmentthemarketswilldriveclean-energyfuture.Andifwegetallthewaythere,fallingshortofthemarkisneitheranoranexcuseforpreservingstatusquo.■

FUNDRAISING AND ANNIVERSARYDEVELOPMENT

We should never let perfect be the enemy of good. Without con gestion pricing, we still could in troduce more traffic-calming fea tures on our streets and make them more pedestrian-friendly. We could develop alternative modes of transportation and commercial deliveries.Government can implement other policies to reduce emissions and find savings, and to raise money for our public transporta tionNewsystem.York is a city of innovation. We don’t settle for mediocre. So let’s not settle now for a proposal that could damage the hospitality industry. ■

Some in the business community have been slow to embrace the pathway to a clean-energy econ omy. They view New York’s ambi tious road map as impractical, unrealistic and threatening to the state’s economic future. However, indictments of the council’s work coupled with calls to amend the underlying state statute are short sighted and misdirected.

Moving forward

Then there is the added cost that the everyday consumer could face for a night out on the town. Friends from outer boroughs who want to hail a taxi into Manhattan for Sat urday night drinks might opt instead for a bar in their neighbor hood to avoid paying the cock tail-priced congestion fee on top of the fare and fees they must pay already.What about the couple who lives uptown, gets dressed up for a din ner in Midtown and doesn’t want to walk to the subway during sum mer heat, a rainy night or winter snow, especially when the percep tion of public safety is a real prob lem? Will they still drive, or do they skip the dinner to avoid the hefty $12 fee they would have to pay?

We need to face climate economicchange’srealities

BY MICHAEL ROMITA

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In addition to revolving loan funds, we will need tax mechanisms such as New York City’s Property Assessed Clean Energy program on a statewide level. The state also needs to prioritize massive spend ing on programs such as the New York State Energy Research and Development Authority’s cleanheating and FlexTech programs.

he newly passed federal Infla tion Reduction Act, a climate, health and tax measure, will bolster New York’s efforts to aggres sively reduce carbon emissions under the state’s own landmark 2019 Climate Act.

plies would pay a $23 toll each time they enter the congestion zone. That ultimately would lead to higher prices and show up on the restaurants’ invoices.

ment a policy that would make it even more costly to live in our city and run a small business here.

There is reason for optimism. During the past couple of decades, technical, managerial and systems engineering advancements have taken utility-scale renewable elec trification, once a far-fetched and prohibitively expensive endeavor, into the mainstream.

Robert Bookman is NYC Hospitality Alliance counsel. Andrew Rigie is the alliance’s executive director.

Environmental lawyer Michael Romita, a former energy company executive, is CEO of the Westchester County Association.

OP-EDS

You can draw a straight line from the billions in government subsi dies for clean-energy technology since 2009 to a big drop in the cost of wind- and solar-energy produc tion—by some estimates almost 90% for solar and 70% for wind— not to mention the widespread adoption of electric vehicles.

Dumbo’s Front and York apart ments at 85 Jay ranked 35th, with $527.2 million in sales across 143Prunits.operty Shark’s report analyzed sales volume using first-time sales of residential units recorded in the Automated City Register Informa tion System. Sales of commercial spaces were not included. Num bers were not adjusted for inflation.

ROSS BARKAN

● Mayor Eric Adams has severely curtailed the number of questions he takes from reporters. In addition to being anti-democratic, it’s a doomed strategy in a city like New York.

Five Brooklyn buildings also made the list, a big jump from the 2017 report, which featured only one location in the borough: 1 Brooklyn Bridge Park in Brooklyn Heights, then in 21st place and now in 39th. In total, six outer-borough properties were cited this year.

According to the report, a total of 11 city properties closed more than $1 billion in sales. Nearly half of the

The bigger issue with congestion pricing is that it might not go far enough to meet its stated goal of get ting large numbers of cars off the

esidential developments in the outer boroughs are start ing to make waves in the sales market.Realestate data provider Proper ty Shark earlier this month released its list of Top 50 Best-Selling NYC Buildings of All Time, and Skyline Tower in Hunters Point made its debut in 27th place, with $624.7 million in sales across 505 units.

Outer-borough home sales gain ground on Manhattan

But the benefit of increased reve nue to prevent subway service cuts and the likelihood that some private vehicles will stop entering the busi est parts of Manhattan outweighs, in the interim, those concerns.

10 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022 LUXURY HOME OF THE WEEK Advertising Section

The report excluded data from package sales of more than three units. For units comprising a wine cellar or storage unit, these facilities were not counted as separate units.

best-selling buildings cluster in just four Manhattan neighborhoods: Tribeca, central Midtown, Lincoln Square and Lenox Hill.

In Midtown, 220 Central Park South topped the list, crossing $3 billion in first-time sales with an average price per unit at nearly $29 million.

■

RESIDENTIAL REAL ESTATE

Critics of congestion pricing, par ticularly politicians in New Jersey and the outer boroughs of New York City, conveniently ignore that Mid town and downtown Manhattan are rich with public transportation op tions. There are few good reasons to drive a private vehicle there. Truck driv ers bringing crucial deliv eries have more of a gripe, since it’s plausible the cost of consumer goods would rise if businesses take into account what their drivers have to pay to reach Man hattan. In an era of per sistent inflation, it could be a troubling trend.

ongestion pricing, long rumored and hotly debated, draws closer to reality. Sometime in the near future, motorists might have to pay a toll to enter Manhattan south of 60th Street. The well-intentioned plan has two purposes: to cut down on automobile traffic in the city’s core and to raise muchneeded revenue for the Metropolitan Transporta tion

BY SHELBY ROSENBERG

That comprehensive strategy would go a long way toward solving the city’s daunting congestion chal lenges. At the state level, Gov. Kathy Hochul should hire another foreign transit expert—like the Londoner Andrew Cuomo unfortunately chased out of the MTA, Andy By ford—to solve the agency’s ongoing spending problems. Transit systems around the world are far more effi cient than the MTA, spending much less to expand their metro lines and commuter railways. The public is wary of congestion pricing, in part, because it’s not entirely clear the MTA will know what to do with the boost in revenue. Waste, for now, is endemic to the culture.

Quick takes

ENNISBUCKSTREETEASY

Additionally, two co-op build ings made the ranks for the first time: Carlton House in Lenox Hill an Brooklyn Point in Downtown Brooklyn.Thedollar totals in the report are subject to change, with just 12 of the buildings at or above 100% ca pacity. Thirty-eight of the top 50 buildings are at 80% capacity or higher.

road. Enough motorists will bear the brunt of the toll. London’s con gestion-pricing program has had some success, but it has not been a panacea.Othercities don’t toll their cores at all. Rather, they make it much harder to drive there. Parts of cities in Germany, the Netherlands and Barcelona’s Gothic Quarter are pe destrianized to the point where cars cannot enter. A European approach to Manhattan would see far more streets in the Financial District per manently or temporarily closed to car traffic, as well as parts of Mid town. Streets could be redesigned or redesignated in such a way to priori tize buses over automobiles. An imaginative Department of Trans portation and MTA would seek to make Manhattan streets hospitable only to for-hire vehicles, buses and delivery trucks, cutting private auto mobiles out of the equation as much as Ideally,possible.tolls would be priced on the low end, with street redesigns jump-started in tandem. Midtown’s economic recovery is fragile, and onerous tolls probably would cut into the margins of Broadway and

● What’s going on at the DOT? Af ter a run of nationally renowned transit experts—Janette Sadik-Khan and Polly Trottenberg—the enor mous agency is now led by a former City Council member and staunch Adams ally, Ydanis Rodriguez. Few new initiatives have sprung forth. ■

the surrounding restaurants, as some suburbanites decide to skip the city rather than take a car. Incen tive structures should be in place, however, to change the behavior of commuters as much as possible. Re gional rail must be bolstered, with more trains at more frequent inter vals. Bus times must be sped up. A thorough city crackdown on the il legal use of parking placards should be paired with residential parking permits.

ON POLITICS

Ross Barkan is an author and journalist in New York City.

TheAuthority.revenue-raiser aim will be easier to achieve. With seven plans on the table that would charge motorists between $5 and $23, based on the type of vehicle and time of day, congestion pricing is like ly to collect significant amounts of cash and help meet a looming shortfall at the MTA, which remains hobbled by a pandemic-in duced decline in ridership. If the Federal Highway Administration approves the tolling program next year, an MTA-appointed Traffic Mo bility Review Board will recommend the price of the tolls, along with any exemptions, discounts or credits.

Street redesigns, better transit must accompany congestion pricing to get more cars off city roads

The board’s recommendations are advisory but probably will carry great weight with the MTA board.

1 This is certainly a call out to us, and statistics like this informed our decision to expand access for New Yorkers through our robust network.

• Headway is building a new mental health care system everyone can access by removing the barriers faced by providers, health plans and the patients they serve.

insurance and build thriving private practices.

already making a real impact: For example, more than 5,700 Empire members have already received mental health care through Headway since it became in-network.

1 Mental Health America. Access to Care Ranking, Adults with Ami Who Did Not Receive Treatment. 2022. Available at data.issues/2022/mental-health-america-access-care-https://mhanational.org/ Empire Whole Health Heroes Awards

• Alma makes it easy for people to find mental health care by helping providers accept

Life changed a lot during the pandemic, but one of the positives that came out of it was a greater openness to virtual

How Empire BlueCross BlueShield is expanding access to behavioral health care

These four providers are now all in-network for Empire’s commercial members, and in some cases, for additional lines of business. These new providers build on our robust network, which includes partners Talkiatry and Talkspace.

VIDOR: To eliminate barriers to care and improve access, Empire has added Alma, Headway, NOCD and Ophelia to the company’s network, all offering virtual options for behavioral health care:

VIDOR: It all starts with access. If there are people who know they need care, but are having trouble getting care, that’s a problem. Addressing this is a big part of our mission to materially and measurably improve the health of all New Yorkers, and it’s driving our work to build our network out with innovative new provider partners. These partnerships are

CRAIN’S: Why does virtual care work so well for most behavioral health services?

help they needed. This is a priority for us, and in response to what we’re seeing, we’ve grown our behavioral health network every quarter since early 2021.

• NOCD is the No. 1 provider for the treatment of obsessivecompulsive disorder.

CRAIN’S: Why is it so important to expand access to behavioral health care services at this time?

SPONSORED CONTENT Services provided by Empire HealthChoice HMO, Inc. and/or Empire HealthChoice Assurance, Inc., dba Empire BlueCross BlueShield. Independent licensees of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield plans. Cain’s New York Business newsroom is not involved in the judging or selecting of the honorees. Employees of Anthem, Inc., Empire BlueCross BlueShield and Crain’s New York Business associated with these awards, and their respective parents, subsidiaries, affiliates, and advertising and promotion agencies as well as the immediate family (spouse, parents, siblings and children) and household members of each such employee are not eligible. © 2022 Empire. A02112NYEENEBS Only a few days left to nominate an individual who is committed to innovation and leadership Visit Crainsnewyork.com/Empire2022 to nominate. Deadline to submit Sept. 16, 2022  2022

Vidor has worked with the company since 2013, covering the greater New York area. Prior to leading provider solutions in New York, Vidor worked as strategy director and chief of staff for commercial business, director of sales and account management, sales manager, senior business development specialist and marketing research analyst.

JORDAN VIDOR: Behavioral health has an impact on nearly every aspect of our day-today lives, and as we work to support the whole health of our members, it’s important that we’re offering options to support these needs. A study from Mental Health America reported that in New York more than 58% of adults with a mental illness did not receive treatment, ranking New York 42 out of 50 states for this measure.

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 11

the pandemic struck, the demand for behavioral health care services soared, exacerbating an acute shortage of mental health providers.

VIDOR: The pandemic put pressure on the system, and given the unprecedented nature of the situation, we needed creative solutions to meet the demand. In 2021, our parent company released a report that found a disconnect between increased stress and lower behavioral health diagnoses rates in New York. Under normal circumstances, a decline in mental health diagnoses would signal something positive, but in the context of the pandemic, this information signaled to us that we had people out there who needed support, but who were either not being identified or not reaching out to get the

CRAIN’S: How has the pandemic exacerbated supply and demand for such services?

• Ophelia aims to make evidence-based treatment universally accessible—with a focus on the 80% of Americans with opioid use disorder who are unable to access care.

Crain’s Content Studio recently spoke with Jordan Vidor, regional vice president of provider solutions and network management at Empire BlueCross BlueShield about these partnerships, the importance of behavioral health care, and the insurer’s efforts to expand access to more New Yorkers.

care—on both sides—patient and provider. There are a lot of behavioral health interactions that can happen in a meaningful way with virtual care because connection is at the heart of them, and those connections can happen virtually.

CRAIN’S: What are the greatest unmet needs in behavioral health?

CRAIN’S: You have forged four partnerships to increase access to behavioral health services. Please explain how they will improve access to care.

When

Recognizing the importance of behavioral health care as a critical component of an individual’s overall health, Empire BlueCross BlueShield has been exploring ways to increase access to such services for its members. To that end, the insurer announced four partnerships that will greatly expand the network of available providers and will leverage telehealth technology for virtual visits.

“Life changed a lot during the pandemic, but one of the positives that came out of it was a greater openness to virtual care—on both sides—patient and provider. ”

JORDAN VIDOR Provider Solutions & Network EmpireManagementBlueCross BlueShield

Empire will celebrate the 25 honorees at a special event and feature them in Crain’s New York Business. Honorees will also be recognized at a New York Mets game to celebrate with friends and family. 4X6_v2.indd 1 9/6/22

ShowcaseTheirLeadersIndustryandCareersRECOGNIZETOPACHIEVERSIN’SPREMIERPUBLICATION PROMOTIONS SPECIALBOARDACKNOWLEDGEMENTSAPPOINTMENTSNEWHIRESRETIREMENTS MAKE AN ANNOUCEMENT! Debora Stein | dstein@crain.com Submit a listing and be a part of this exclusive opportunity. NEARLY 70% OF CRAIN’S AUDIENCE READ TO STAY INFORMEDINDUSTRYABOUTLEADERS NE W YORK

careergroupcompanies.com212-750-8188

Forum Group 550 Seventh Ave. New York, NY10018

Atlantic Group 19 W. 34th St. New York, NY10001 atlanticrecruiters.com212-271-1181

The Viscusi Group 1185 Sixth Ave. New York, NY10036 viscusigroup.com212-979-5700

Solomon Page 260 Madison Ave. New York, NY10016

Atlas Search 1540 Broadway New York, NY10036 atlassearchllc.com212-655-5477

solomonpage.com212-403-6100

1114 Sixth Ave., 24th floor New York, NY10036

JohnRicco Founding partner 130 105 131176 2006 51%Accounting, finance, tax, investor relations, quantitative analysis, information technology, health care, construction, administrative/corporate services, payroll services

Managing partner, New York region and global sector leader, real estate 51 2 57 327n/d 1970 n/dFinancial services, CEO/board, consumer, life sciences, health care, technology and nonprofits 16

globalresearchnet.com212-980-3800 RichardWolf President, chief executive 45 45 4949 1990 100%Pharmaceuticals, insurance, financial services, consumer products, consulting, waste management, automotive, medical devices, hospitals and retail 17 Spencer Stuart 277 Park Ave. spencerstuart.com212-336-0200 KristinWait Office manager 40 33 183206 1961 n/dConsumer goods and services, financial services, industrial, health care and technology AMANDA.GLODOWSKI@CRAINSNEWYORK.COM WANt mOre OF CRAIN’S eXCLUSIVe DAtA? VISIt CrAINSNeWYOrK.COm/LIStS.

Korn Ferry Park Ave. York, NY10166

Global E. 77th St. York, NY10075

Career GroupCos. 1156 Sixth Ave. New York, NY10036

LawrenceDolinko Chief executive 65 41 5080 1985 n/dHedge funds, private equity, investment banking, accounting, health care, legal, life sciences, technology, digital and human resources

heidrick.com212-867-9876

Russell Reynolds Associates 277 Park Ave. New York, NY10172 russellreynolds.com212-351-2000

ScottPage LloydSolomon Managing directors 76 75 109117 1991 18%C-suite, financial services, health care, life sciences, fashion, consumer products, technology and human resources

Options Group 121 E. 18th St. New York, NY10003 optionsgroup.com212-982-0900

RobertParks PeterRiccio ScottStenzler Founding partners 105 86 11087 2015 50%Accounting, finance, tech, creative, health care, clinical research, human resources, office and accounting support

% OF BILLINGS FROMSEARCHESAREASRETAINED OF SPECIALIZATION

FOUNDED 1

Howard-Sloan Search 555 Fifth Ave. New York, NY10017

SusanLevine Chief executive MichaelLevine President 62 46 11195 1999 60%Corporate services, real estate, accounting and finance, hospitality, marketing, fashion, tech, creative and C-level executives

Research 201

RANK ADDRESSCOMPANY/ WEBSITEPHONE/

AnthonyLoPinto

The Bachrach Group 1430 Broadway New York, NY10018 bachrachgroup.com212-279-7777

RECRUITERSNY-AREA2022/2021

kornferry.com212-687-1834

FrankFusaro President 115 110 114125 1974 50%Accounting, regulatory reporting, compliance, advertising and market research, human resources, information technology and health care

MichaelKarp Chief executive 105 105 112115 1992 75%Financial services, investment banking, risk management, quantitative analysis, information technology, hedge funds, private wealth management, data science, predictive analytics, artificial intelligence and machine learning crypto

Ranked by number of New York–area recruiters

55 40 4883 2011 50%Financial

JW Michaels &Co. 441 Lexington Ave. New York, NY10017 jwmichaels.com212-922-2844

RECRUITERSU.S.2022/2021YEAR

MitchellBerger Chief executive 94 83 10492 1957 60%Legal, financial, risk, HR, publishing, Tech, compliance, sales, marketing, life sciences, cannabis, real estate, data science, supply chain, insurance and healthcare

SarahPayne Chief human resources officer TraceyHeaton Chief legal officer and corporate secretary 71 2 71 2 194 2 1953 n/dFinancial services, technology and services, health care and life sciences, industrial, consumer markets, energy, private equity social enterprise

forumgrp.com212-687-4050

DavidLange Managing Director/Hub Leader 53 202224 1969 88%Board/CEO succession planning, leadership assessment, executive search, sustainability, digital, private equity, diversity, equity and inclusion

Heidrick & InternationalInc.Struggles

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 13 THE LIST

Tandym Group 3 675 Third Ave. New York, NY10017 tandymgroup.com212-922-1001

Coda Search/Staffing 530 Fifth Ave. New York, NY10036 codasearch.com646-407-3900

StephenViscusi Chief executive 53 53 5353 1985 53%Furniture, architectural products, textiles, floor coverings, tile, fixtures, lighting, kitchen and bath and luxury goods 15

New

200

LARGEST EXECUTIVE-RECRUITING FIRMS

DavidCooperman CEO ChrisDeGasperis President/Partner, Staffing services, accounting, technology, technology sales, creative, digital, marketing, human resources, office support, life sciences and health care

TOP LOCAL EXECUTIVE(S)

AnthonyFanzo President 208 172 232275 1974 55%Technology, construction, engineering, financial services, accounting, real estate, human resources, hospitality, office support, manufacturing, medical, corporate services, legal and energy

New

howardsloan.com212-704-0444

JasonWachtel Managing partner 71 71 133133 2010 45%Legal, compliance, risk, quantitative trading, information technology, accounting and finance, front office and human resources

accounting, technology, technology sales, creative, digital, marketing, human

codasearch.com646-407-3900

BillyMerva Managing partner 2341 financial services, corporate services, office support and front office

kornferry.com212-687-1834

39 23

AnthonyFanzo President 208 172 232275

% OF BILLINGS FROMSEARCHESAREASRETAINED OF SPECIALIZATION

550

globalresearchnet.com212-980-3800

StephenViscusi executive 53 5353 architectural products, textiles, tile, fixtures, lighting, kitchen and bath and luxury goods

Spencer Stuart 277 Park Ave. New York, NY10172

Group 1185

office

105

risk, HR, publishing, Tech, compliance, sales, marketing, life sciences, cannabis, real estate, data science, supply chain, insurance and healthcare 7 Solomon Page 260 Madison Ave. New York, NY10016 solomonpage.com212-403-6100 ScottPage LloydSolomon Managing directors 76 75 109117 1991 18%C-suite, financial services, health care, life sciences, fashion, consumer products, technology and human resources 8 Heidrick & InternationalInc.Struggles 1114 Sixth Ave., 24th floor New York, NY10036 heidrick.com212-867-9876 SarahPayne Chief human resources officer TraceyHeaton Chief legal officer and corporate secretary 71 2 71 2 194 2 1953 n/dFinancial services, technology and services, health care and life sciences, industrial, consumer markets, energy, private equity social enterprise 8 JW Michaels &Co. 441 Lexington Ave. New York, NY10017 jwmichaels.com212-922-2844 JasonWachtel Managing partner 71 71 133133 2010 45%Legal, compliance, risk, quantitative trading, information technology, accounting and finance, front office and human resources 10 Tandym Group 3 675 Third Ave. New York, NY10017 tandymgroup.com212-922-1001 LawrenceDolinko Chief executive 65 41 5080 1985 n/dHedge funds, private equity, investment banking, accounting, health care, legal, life sciences, technology, digital and human resources 11 Career GroupCos. 1156 Sixth Ave. New York, NY 10036 careergroupcompanies.com212-750-8188 SusanLevine Chief executive MichaelLevine President 62 46 11195 1999 60%Corporate services, real estate, accounting and finance, hospitality, marketing, fashion, tech, creative and C-level executives 12 Russell Reynolds Associates 277 Park Ave. New York, NY10172 russellreynolds.com212-351-2000 DavidLange Managing Director/Hub Leader 59 53 202224 1969 88%Board/CEO succession planning, leadership assessment, executive search, sustainability, digital, private equity, diversity, equity and inclusion 13 Coda Search/Staffing 530 Fifth Ave. New York, NY10036 codasearch.com646-407-3900 DavidCooperman CEO ChrisDeGasperis President/Partner, Staffing 55 40 4883 2011 50%Financial services, accounting, technology, technology sales, creative, digital, marketing, human resources, office support, life sciences and health care 14 The Viscusi Group 1185 Sixth Ave. New York, NY10036 viscusigroup.com212-979-5700 StephenViscusi Chief executive 53 53 5353 1985 53%Furniture, architectural products, textiles, floor coverings, tile, fixtures, lighting, kitchen and bath and luxury goods 15 Korn Ferry 200 Park Ave. New York, NY10166 kornferry.com212-687-1834 AnthonyLoPinto Managing partner, New York region and global sector leader, real estate 51 2 57 327n/d 1970 n/dFinancial services, CEO/board, consumer, life sciences, health care, technology and nonprofits 16 Global Research 201 E. 77th St. New York, NY10075 globalresearchnet.com212-980-3800 RichardWolf President, chief executive 45 45 4949 1990 100%Pharmaceuticals, insurance, financial services, consumer products, consulting, waste management, automotive, medical devices, hospitals and retail 17 Spencer Stuart 277 Park Ave. spencerstuart.com212-336-0200 KristinWait Office manager 40 33 183206 1961 n/dConsumer goods and services, financial services, industrial, health care and technology THE LIST LARGEST EXECUTIVE-RECRUITING FIRMS

and

Forum Group Seventh Ave. New York, NY10018

Atlantic Group 19 W. 34th St. atlanticrecruiters.com212-271-1181

AnnetteKrassner Chief executive 32 40 4033 1997 33%Private equity, venture capital, hedge funds, asset management, investment banking, technology NewNewYorkYork areaareaincludes NewYorkCity andNassau,SuffolkandWestchester countiesinNew York, and Bergen, Essex,HudsonandUnion countiesinNewJersey. Crain'sNew YorkBusiness uses staffresearch,extensive surveys andthemost currentreferencesavailabletoproduceitslists, but there is noguaranteethatthelistingsarecomplete.Informationwas providedby thecompaniesunless otherwise noted.Recruiter figures areas of Jan 1.In thecase ofatie, firmsareordered alphabetically by company name. n/d-Not disclosed. 1 New York–area office. 2 Crain's estimate based on research from the company's website. 3 Previously listed as The Execu|Search Group

floor coverings,

1961 n/dConsumer

35 33 5254 1988 90%Finance,

glocap.com212-333-6400

1970 n/dFinancial

viscusigroup.com212-979-5700

Chief

forumgrp.com212-687-4050

Chief executive 105 105 112115 1992 75%Financial

RECRUITERSU.S.2022/2021YEAR

New

1974

The Viscusi Sixth Ave. New York, NY10036

55%Technology, construction, engineering, financial services, accounting, real estate, human resources, hospitality, office support, manufacturing, medical, corporate services, legal and energy

Crain’s 2022 Notable Leaders in Real Estate recognizes top executives across New York’s real estate industry for their accomplishments over the last 18 months.

RobertParks PeterRiccio ScottStenzler partners 11087 finance, tech, creative, health care, clinical research, human resources, office and accounting

support 4 Options Group 121 E. 18th St. optionsgroup.com212-982-0900

The Bachrach Group 1430 Broadway New York, NY10018 bachrachgroup.com212-279-7777

1985 53%Furniture,

Coda Search/Staffing Fifth York, NY10036

115

2015 50%Accounting,

RECRUITERSNY-AREA2022/2021

spencerstuart.com212-336-0200

JohnRicco Founding partner 130 105 2006 51%Accounting, finance, tax, investor relations, quantitative analysis, information technology, health care, construction, administrative/corporate services, payroll services

2022 12 13

530

DavidCooperman services, resources, support,

Chief

Korn Ferry 200 Park Ave. New York, NY10166

1540

Ave. New

19 Koren Rogers Executive Search 31 Todd Hill Circle Goldens Bridge, NY10526 korenrogers.com914-686-5800

Glocap Search W. 33rd St. York, NY10001

Founding

crypto 6 Howard-Sloan Search 555 Fifth Ave. New York, NY10017 howardsloan.com212-704-0444 MitchellBerger Chief executive 94 83 10492 1957 60%Legal,

LEADERS IN REAL ESTATE

life sciences and health care 14

RANK ADDRESSCOMPANY/ WEBSITEPHONE/ TOP LOCAL EXECUTIVE(S)

MichaelKarp services, investment banking, risk management, quantitative analysis, information technology, hedge funds, private wealth management, data science, predictive analytics, artificial intelligence machine learning financial,

FrankFusaro President 110 114125 regulatory reporting, compliance, advertising and market research, human resources, information technology and health care

Global Research 201 E. 77th St. New York, NY10075

MichaelKoren executive accounting, legal, financial advisory services, technology and engineering

2018 50%Accounting,

14 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022 Nominate at CrainsNewYork.com/RELeaders NOMINATE NOW! Deadline is Sept. 23

AnthonyLoPinto Managing partner, New York region and global sector leader, real estate 2 57 327n/d services, CEO/board, consumer, life sciences, health care, technology and nonprofits

RichardWolf President, chief executive 45 4949 1990 insurance, financial services, consumer products, consulting, waste management, automotive, medical devices, hospitals and retail

KristinWait Office manager 33 183206 goods and services, financial services, industrial, health care and technology

100%Pharmaceuticals,

Arrow Search Partners 530 Fifth Ave. New York, NY10036 arrowsearchpartners.com646-992-8362

FOUNDED 1

atlassearchllc.com212-655-5477

CEO ChrisDeGasperis President/Partner, Staffing 55 40 4883 2011 50%Financial

Atlas Search Broadway New York, NY10036

AdamZoia Chairman, founder

As managing partner of Deloitte’s U.S. headquarters and its largest o ce, Roger Arrieux specializes in providing professional services to alternative investment vehicles across a client base that includes large investment advisers, partnerships, private-equity funds, hedge funds, mortgage real estate investment trusts, commodity pools and funds of funds. In addition to his leadership role at his rm, Arrieux is board chair of the Harlem YMCA, chair of the Black Achievers in Industry Steering Committee and chair of the New York board of Braven, a nonpro t aimed at helping low-income and rst-generation college students connect and succeed in their careers.

New York is home to the U.S. headquarters of the world’s Big Four consulting rms— PwC, EY, Deloitte and KPMG—and hundreds of consultancies of all sizes. ese accounting and consulting rms o er a panorama of expertise so sweeping that the most tting observation is probably “only in New York.”

e honorees themselves are a representative cross-section of the city, including native New Yorkers and transplants from around the world. In addition to their busy professional lives, these talented professionals contribute their time and energy to community, cultural, educational and philanthropic activities that make this vibrant region and even better place to work and live.

DAVID BABOOLALL Associate partner | McKinsey & Co.

Senior audit manager Mona Lisa Andrea Ayala has extensive experience in the U.S. and the Philippines, auditing public and private companies in the manufacturing, consumer service, technology, nancial services, telecommunications and retail sectors. e director is a member of Baker Tilly’s 2021 manufacturing and distribution internal inspection team and is active in its diversity and inclusion e orts, particularly those aimed at increasing the presence of women in leadership roles. Ayala is her rm’s liaison to the New York chapter of Financial Executives International and a member of Ascend, the largest Pan-Asian business professional membership organization in North America.

As a member of KPMG’s board of directors and a leader within its deal advisory and strategy group, Dean Bell was a key architect of the rm’s environmental, social and governance e orts and leads its ESG task force. In addition, Bell led its approach to supporting the growth of special-purpose acquisition companies. e transaction services leader is a national board member of KPMG’s African Ancestry Business Resource Group, and he is on the boards of the Greenwich Boys & Girls Club and the New York Road Runners. Bell is also a member of the Partnership for New York City’s David Rockefeller Fellows program, which teaches private-sector executives about the city and state.

ROGER ARRIEUX

Whether those challenges stem from the increasingly hybrid nature of work, new and growing demands for digitization or keeping up with a welter of regulation, businesses in New York continue to turn to their trusted advisers in the accounting and consulting community for solutions.

FOR BUSINESSES LARGE AND SMALL, whether public or private, today’s operating environment is uniquely challenging.

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 15

While overseeing her rm’s U.S. audit and assurance business, Chair and CEO Lara Abrash has helped transform the audit profession through technology and innovation. Abrash led Deloitte’s adoption of Omnia, its cloud-based audit platform. For Omnia’s environmental, social and governance module, the rm received the Digital Innovation of the Year Award from the International Accounting Forum for a third consecutive year. Abrash is Deloitte’s lead partner sponsor for its $75 million commitment to making accounting diverse and equitable—which seeks to fuel greater racial and ethnic diversity in the eld. Recognizing her achievements, the National Association of Black Accountants named her CEO of the Year. Baruch College honored her with its Distinguished Alumna Award.

From these organizations, Crain’s identi ed and selected 64 individuals for this year’s Notable Leaders in Accounting and Consulting list.

is year’s honorees are working diligently to help master the business challenges facing their clients and those challenges facing their rms and professions, which include attracting and retaining new talent and making their organizations more diverse, equitable and inclusive.

Fortunately, the wealth of accounting and consulting resources that businesses in the metropolitan area can draw upon is staggering. New York dwarfs other cities in the nation in this sector, with more than 140,000 people working as accountants, auditors and bookkeepers, according to gures from the National Association of State Boards of Accountancy.

MONA LISA ANDREA AYALA Director | Baker Tilly

LARA ABRASH Chair, CEO | Deloitte & Touche, Deloitte

David Baboolall, a leader in McKinsey’s private-equity and principal investors practice, advises on strategy and mergers and acquisitions, predominantly in the industrials sector, with a focus on exit support and diversity, equity and inclusion transformation. Baboolall co-leads the rm’s global anti-racism and inclusion e orts and leads its research on LGBTQ+ inclusion in the workplace. e associate partner is a leader in the rm’s Institute of Black Economic Mobility, and he is one of the founders of McKinsey’s Black Investor Professional Forum. Baboolall is a board member of Point of Pride, a nonpro t that provides nancial aid and direct support to transgender people in need of health and wellness care.

New York managing partner | Deloitte

DEAN BELL Transaction services leader | KPMG

Read on to discover how their individual e orts contribute mightily to today’s business world.

JARED FELDMAN Partner, leader of private client group Anchin

MARK BOSSWICK Managing partner Berdon

After serving two governors as New York state’s deputy energy secretary and chairingandCoast44-personMonroe’sleadscreatedPaulPlanningstate’s EnergytheBoard,DeCotisandWestEastenergyutilities

Having been the head of Berdon’s real estate practice, co-head of its tax department and leader of thestructuringemphasiswith particularplanning,andfocusesBosswickservices, Markfamily officefirm’snowontaxwealthon

Lee Cohen oversees LMC’s tax, audit and client account services departments and leads its efforts to acquire new clients.

Corinna Creedon leads the nonprofit advisory practice and the emerging outsourced accounting servicessupport,withmanagementstrategiccombineareas,ManagingYorkat Forvis’practiceNewoffice.thewhichprojectaccountinghas

practice. The group works with seven of the nation’s top utilities and helps five in the New York metropolitan area digitize operations and use advanced analytics. For his mentoring work at the firm, DeCotis has been a two-time winner of its most prestigious internal award. In addition, he has been named one of City & State magazine’s Responsible 100, which recognizes leading New York corporate citizens.

Helping direct Anchin’s recent launch of an office in Boca Raton, Fla., and co-host its Women’s Financialtax andaccounting,in providingspecializesgroupprivatehisFeldmanpartnerForum,Jaredheadsfirm’sclientand

16 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

LEE COHEN Managing partner LMC Certified Public Accountants

for closely held businesses and investment vehicles. The managing partner is a fiduciary, mediator, investment consultant and board member to several high-profile families. Bosswick participates in the Berdon Cares program on Long Island. He has worked on Math Hits, a middle school project focused on science, technology, engineering and math, and a Build Bikes for Kids event with the Wounded Warriors Project.

As a member of Anchin’s private client group, Tara Burek provides services for privately held businesses and offerand familiesindividualsnet-worthhigh-,ingan arrayofconsultingservicesandtaxstrategiesbasedonherexpertise

improvement, costcontainment, ofSeminaryofCarringtonNationalteam,Mayorledof-carepatientenhancement,revenueteambuilding,experienceandquality-efforts.Carrington,whothehealthcommitteeofEricAdams’transitionisadirectoroftheGridFoundation.servedontheboardtheNewYorkTheologicalduringthetransitionitsnewpresident.

—COMPANY

DAWN BERGEN

division, an outsourced mortgage consulting business and LMC Ventures, which bridges the gap between sponsors and investors. Cohen is this year’s recipient of the Arthur J. Dixon Public Service Award from the New York State Society of CPAs. He is the treasurer of the Jewish Communal Fund and chair of its audit committee. In addition, he is on the board of Sephardic Bikur Holim, one of Brooklyn’s largest social service agencies.

PAUL DECOTIS Senior partner, energy and utilities WestpracticeMonroe

advisory services for family offices, financial services executives, real estate developers, district.raiseshepeopleYouthcommitteeFeldmanofficer.actsfamilies.andprofessionals,entertainmentbusinessownerswealthyindividualsandFormanyclients,heasapersonalchieffinancialOutsideoftheoffice,isontheauditforAgahozoShalomVillage,ahomeforyounginRwanda.Inaddition,isadirectorofacharitythatmoneyforhisschool

Partner in charge, audit services Prager Metis

Neil Dhar leads the 2,000 PwC partners and 34,000 staff members who work in its consulting business. The vice chair consultingco-headandof cybersecurity,transformation,of deals,inhelpingresponsibleisforclientstheareas

Houston and Austin, Texas.

Bond’s most notable account is Google—he has worked on almost every building Google has constructed in New York City, and he has overseen its projects on the West Coast. In addition, the firm is responsible for overseeing Facebook’s $1 billion in annual construction projects. Drawing on design, technology and construction experience, Bond develops and innovates personalized processes for each of his clients.

TARA BUREK Tax Anchinpartner

With responsibility for audits across the firm’s 24 offices, partner Dawn Bergen creates and implements policies

hiring practices to include nontraditional employees, which has helped the audit team thrive in trying times. Her clients typically are principals of closely held businesses, and they are often involved in real estate. With her understanding of the securities industry’s unique regulatory structure and requirements and its everchanging complexities, Bergen specializes in employee benefit plans and broker-dealer audits.

financeoutsourcedincludingtopracticeintroducedpartnermanagingfounderTheandhasnewareasthefirm,its

privacy and risk, cloud and digital, and tax consulting. Dhar previously was PwC’s chief clients officer, with responsibility for the firm’s markets, sectors and sales functions. In addition, he led its financial services practices. Dhar is on the board of New York Cares and on the advisory council of the Villanova School of Business and Finance.

in a variety of technical issues. Burek leads Anchin’s committee on diversity, equity and inclusion. As one of the youngest female partners at the firm, she is an advocate for her peers and the next generation of women in the accounting profession. Outside of work, she regularly contributes her time and resources to causes related to neurodiversity and education.

led to new flexibility and growth for her clients and increased opportunities for the firm. In response to the Great Resignation, for example, Creedon created a new offering for Forvis: a job succession planning assessment. She is a board member of the Book Fairies, a nonprofit that fosters literacy in communities.underserved

Managing Director Eboné Carrington, former CEO of NYC Health + Hospitals/Harlem, uses her experience to advise Manatt, Phelps performancemanagement,operationalincludeThoserangecarePhillips’&healthclientsonaofissues.matters

NEIL DHAR Vice chair, co-head of consulting PwC

Since its founding in 2019, Turton Bond has made a notable mark as a construction consultancy. TheSeattle,LosSanheadquartersNew Yorkbeyondhasby Chrisco-foundedfirm,Bond,expandeditstoFrancisco,Angeles,

CORINNA CREEDON Managing director Forvis

THE WORLD’S BIG 4— DELOITTE, PWC, EY AND KPMG —MAKE THEIR U.S. HEADQUARTERS IN NEW YORK WEBSITES

expandinghasworkworld.arounddepartmentsMetis auditfor PragerproceduresandtheBergen’satthefirminvolved

CHRIS BOND Founding partner Turton Bond

EBONÉ CARRINGTON Managing director Manatt, Phelps & Phillips

Congratulations to: Lara Abrash, Chair and CEO, Deloitte & Touche LLP and Roger G. Arrieux, Jr., New York Managing Partner, Deloitte LLP and all of the Crain’s New York 2022 Notable Leaders in Accounting and Consulting honorees. www.deloitte.com Copyright © 2022 Deloitte Development LLC. All rights reserved.

JEFFREY GLUCK Senior managing director

MayerChairmanCBIZHoffman McCann

professional to identify paths to resolution. The managing director also supports the firm’s transaction advisory practice during valuation and duediligence noncompetitivefounded,teamcoachesGrowth.the AssociationAccountants,Institutecommitteeswhotransactionfairness opinionsprovidingengagements,valuationandoncomplexstructures.Ferro,hasbeenonseveraloftheAmericanofCertifiedPublicisamemberofforCorporateOutsideofwork,heacommunity-basedforchildren,whichhethatservesasaintroduction

Chief Executive Glenn Friedman provides leadership to more than 100 partners and principals and 600 team members working at the 23 Prager Metis locationsofficein the U.S., the launchled theyear FriedmanIndia.KingdomUnitedandThisfirm’sinthe

GrantThornton’sclients.Theyalsodirectthe firm’stechnologyinfrastructureandinternaltransformationeffortsby

director is chairman of Mayer Hoffman McCann, an independent accounting firm that works closely with CBIZ. In his role at MHM, Gluck assisted with due diligence for the acquisition of Marks Paneth by MHM and CBIZ. At MHM, Gluck works on advancing audit quality and deploying new technologies for the firm and its clients.

Josh Herrenkohl heads his firm’s practice, whichcorporateservicesservices,transformationback-officemiddle-services,accountingon outsourcedfocusesandandtoreal

YORK

ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY

JEANNE HARDY CEO, CreativefounderBusiness

estate organizations. His team works with private-equity and other institutional investors, as well as owners of real estate and corporate real estate organizations. Under his leadership, the outsourced accounting business has nearly doubled. Herrenkohl is a former principal at EY and a leader of its real estate, hospitality and construction industry consulting business. FTI’s senior managing director has been a speaker at Columbia University’s master’s program in real estate. He volunteers with Sheltering Arms, which addresses the effects of social inequity in the city’s most challenged communities.

GLENN FRIEDMAN PragerCEO Metis

Lisa Goldman is a specialist in international taxation, creating tax-minimization opportunities for high-net-worthreceivedGoldmantheU.S.familiesgenerand multileadersbusinessglobalationalintheandaroundworld.hasthe practitioner designation from the Society of Trust and Estate Practitioners. Recently, the Berdon tax partner expanded her expertise to underprivilegedwiththatSuppliesspectrum,at thefirst woman.membercommitteeshe joinedcryptocurrencies.includeLastyearherfirm’sexecutiveasitsfirstnewinfiveyearsanditsHelpingthoseotherendofthewealthsheisontheboardofforSuccess,anonprofitprovidesbackpacksfilledschoolsuppliestochildren.

Occupying an unusual niche in the world of consulting, Jeanne Hardy founded Creative Business to providetrademarketing,retail,e-commerce,in design,andentrepreneursadviceandfinancialbusinessforcreatorsshows,

and sales levies, and foreign reporting. Gilbert provides business advisory services involving structuring, internal controls and enhancement.profitabilitySheisone of the

JOSH HERRENKOHL Senior managing director; leader, real estate business transformation FTIservicesConsulting

LISA GOLDMAN Tax Berdonpartner

In addition to serving as co-leader of Medallion.DistinguishedVolunteerrecipientannually.than $300,000Fund,PublicNewindustry.veteransProcurement,for the Veteranin theFuchsfirm’sindustrymanufacturingCohnReznick’sanddistributionpractice,HenriettaFuchsisamemberofitspubliccompanyauditandemployeebenefitplanauditpractice,andshehasservedonthepartneradvisorycouncil.hasbeenaninstructorAerospaceprogramInstituteforwhichhelpsseekingtoenterthatSheispresidentoftheJerseySocietyofCertifiedAccountants’ScholarshipwhichawardsmoreinscholarshipsFuchsisapastofthatorganization’sAwardandService

JOHN FERRO Managing director UHY Advisors

Anthony Fiori is known for his work with state Medicaid agencies and health plans. In addition, Fiori advises managed care long-termand issuesassociationsand tradecompaniespharmaceuticalhospitals,organizations,careonrelated

swimming and water safety.

18 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

As an audit and tax partner at Citrin Cooperman, as well as co-leader of its restaurantincome,and planning,complianceincludingof taxonGilbertpractice,hospitalityandStacyconsultsavarietymatters,payroll

ANTHONY FIORI

founding members of the firm’s Women’s Initiatives Committee and was the first woman voted to its Executive Committee.

140,000

As the leader of UHY’s Center for Shareholder Resolutions practice, which he started when he joined the firm last year, John Ferro and his team mediate for an impartialthattaxaccountingin valuation,shareholderscompanyanddisputesrequire

HENRIETTA FUCHS CPA, partner, co-leader CohnReznick

At CBIZ, a diversified consulting and financial services

Senior managing director Manatt, Phelps & Phillips

metaverse. As managing partner of the Metis Group, where he was known for his expertise in mergers and acquisitions, Friedman guided the firm’s merger with Prager and Fenton to create Prager Metis in 2013. He is a trustee of the Bethel Woods Center for the Arts, which is on the site of the 1969 Woodstock music festival.

STACY GILBERT Managing partner, New York City Citrinoffice Cooperman

Gilbert is on the board of the Newark Regional Business Partnership, and she is a member of the Executive Women of New Jersey.

combining tax, accounting and advisory expertise with automation, data analytics and other technologies. Last year Fowler was recognized for her achievements by winning Maverick of the Year and Woman of the Year honors in the American Business Awards competition. Among her many volunteer leadership commitments, Fowler is on the executive committee of the Manhattan Theatre Club and is its secretary.

As the leader of enterprise transformation, Jamie Fowler with her team creates products and services for

to Medicaid and Medicare managed care, health care financing, U.S. pharmaceutical policy and delivery system reform. Most recently, Manatt, Phelps & Phillips’ senior managing director worked with the city Department of Health and Mental Hygiene to organize and launch a program with Medicaid and Medicare Advantage health plans to boost Covid-19 vaccinations. Fiori is chairman of the Graduate School Leadership Council at Princeton University and a member of the university’s Alumni Council executive committee.

JAMIE FOWLER Chief transformation officer Grant Thornton

managingCBIZ’sInNew Yorkcompany’sforresponsibilityhasJeffreyfirm,Gluckoveralltheoffice.addition,senior

art galleries and light manufacturing. In 2020 her business was recognized in Fortune as one of the top 100 fastest-growing inner-city businesses by the Initiative for a Competitive Inner City. Hardy has won several awards that recognize her achievements in accounting and finance. Among her civic contributions, the CEO formed a partnership with LaGuardia Community College’s First Big Break program, which offers paid internships to low-income and minority students in their designated fields.

NEW TOPS ALL U.S. CITIES, WITH ACCOUNTANTS, AUDITORS AND BOOKKEEPERS

—NATIONAL

not-for-profit

respective

DAVID HORTON

working with a variety of companies in all stages of their life cycle. Generous in helping female and minority entrepreneurs in the consumer goods business, she co-leads Anchin’s Women’s Initiative Network. In that role, she mentors junior colleagues and helps create and facilitate educational sessions to help elevate women in the workplace. She helps organize Anchin’s annual breast cancer walk and fundraising e ort.

have a common

AnchinPartner

“With the expanded service lines

Kaminsky works to help clients build trust and deliver sustained outcomes. e vice chair is responsible for maintaining the excellent work of 21,000 partners and sta while developing diverse teams and driving innovation. Kaminsky, previously managing partner of PwC’s New York metropolitan region, led its tax practice of more than 11,000 team members. She is on the boards of the United Way NYC and the Ronald McDonald House of New York.

FAMILY CULTURE; CAREER OPPORTUNITIES

“We believe in people first,” continues Gluck. “We have a strong client focus and offer best-in-class services. We have worked with some clients for more than 30 years.”

The personal attention afforded to clients is a differentiator, says Schlisselfeld. Gluck stresses the availability of resources for clients and appreciates the “trusted advisor” role that he, Schlisselfeld and other colleagues bring as they recommend best practices and act as an important sounding board for their clients and staff.

In addition, he is heavily involved in the training and management of Anchin’s nancial services team in India.

Jeff Gluck (left), Senior Managing Director of CBIZ New York & Abe Schlisselfeld, Senior Managing Director of CBIZ Marks Paneth

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 19

While CBIZ Marks Paneth is well known for real estate, and high net worth clients, CBIZ’s New York office has strong family office, equity and manufacturing practices. offered by CBIZ and CBIZ Marks Paneth, clients can enjoy a ‘one-stop shop’ in expanded sectors including retirement, health insurance and valuation.” says Gluck.

As a partner in Anchin’s nancial services group, David Horton provides audit and advisory services for group’salsofunds.ventureand odomesticbusinessprivate-equityfunds,hedgetheandshorecapitalHortonleadstheinternal

Training in hard and soft skills is regularly provided, with the goal of educating well-rounded professionals who are better able to assist clients. Generous health and wellness benefits and tuition reimbursement are industry competitive.

PwC’s trust solutions platform, which launched last year, brings together the rm’s audit, environmental, socialKathrynthatAs co-leadercapabilities.taxassurancedigitalgovernance,corporateandandreportingofplatform,

private

PERSONAL TOUCH

The cultures of the two firms are surprisingly similar.

of providing exemplary client service. TWO CRAIN’S NOTABLES IN In Service to Clients & Dedication to Employees Accounting & Consulting Aligned

e Baruch College alumnus has mentored in the school’s Executives on Campus program.

“There is a family feel at our offices,” says Schlisselfeld. “We do the right thing, for staff and our clients. This is a great place to work if you want to be treated right.”

Congratulations to Jeffrey Gluck, Senior Managing Director of CBIZ New York, and Abe Schlisselfeld, Senior Managing Director of CBIZ Marks Paneth, who were named as Crain’s 2022 Notables in Accounting and The two industry veterans generously share this honor with their teams who goal

MEGAN KLINGBEIL Partner, leader Anchin

There are many opportunities for practitioners at all career stages to grow and to enjoy an entrepreneurial spirit that permeates the business atmosphere, Schlisselfeld says. There have already been opportunities for team members to work on special projects with other CBIZ offices and share clients based on required expertise. For example, CBIZ’s New York office is handling the tax work for a new professional services client, while CBIZ Marks Paneth’s Long Island office is managing the attest responsibilities. This type of resource sharing is expected to continue and expand.

At Berdon, Je Kovacs leads the technology and life sciences practice that he helped develop. Kovacs assists venture-backedcompaniesto growandscalethroughliquidityeventsandguidestherm’squalitymanagementteam,drivingits audit

Consulting.

training program and plays an integral role in planning and hosting nancial services industry events. He is a key member of the rm’s groups that specialize in private equity and emerging manager services.

KATHRYN KAMINSKY

Vice chair, trust solutions co-leader PwC

STRONGER TOGETHER CBIZ, one of the nation’s top providers of accounting, tax and advisory services, acquired Marks Paneth LLP, a leading partnership, on January 1, 2022. The newly named CBIZ Marks Paneth and CBIZ are stronger together, with expanded service offerings and office locations to better service existing and prospective clients.

Vice president, data and analytics EXL Service

innovation e orts and working with other rm leaders on a range of operational matters. For many years the audit partner has been deeply involved in the American Institute of Certi ed Public Accountants’ dynamic audit solutions project, helping to elevate quality in the profession. At Berdon, he was instrumental in deploying data analytics and machine learning in its auditing process. Kovacs spends a signi cant amount of time mentoring, pro bono, early-stage technology and life sciences companies.

retail/wholesale/

JEFF KOVACS Audit Berdonpartner

solutions for her rm’s clients. Her work as vice president of data and analytics has led to the creation of technology solutions including one that uses unique attributes, such as highresolution aerial imagery, for underwriting and claims adjudication. Kalra’s charitable e orts include co-founding the All India AI/ML Masters Community, which aims to expand Indian students’ exposure to AI, and partnering with the Smile foundation to minimize the impact of the Covid-19 pandemic by using AI analytics.

DEEPTI KALRA

Using her knowledge and experience in insurance and arti cial intelligence, Deepti Kalra has been instrumentalin expandingtheinsuranceanalyticspracticeatEXL Service,wheresheisresponsiblefor designingcustom

When Megan Klingbeil identi ed an opportunity to better serve Anchin’s beauty industry clients, she practice,andthe a partnerKlingbeilco-leads.shegroup,Anchin’sformedbeautywhichnowisinrm’sfoodbeverage

BRENT LESSEY Tax Anchinpartner

and regions now report to the principal in charge of international tax. Lopez counsels domestic and foreign businesses in various industries regarding U.S. and foreign tax considerations related to overseas activities and expansion. He is knowledgeable on tax-efficient restructuring, mergers and acquisitions, dispositions, joint ventures, foreign currency transactions, foreign tax credits and repatriation. Lopez, a supporter of international adoption, has three adopted children of his own.

STEPHEN MANNHAUPT

Stephen Mannhaupt has many roles at Grassi Advisors & Accountants. Mannhaupt is a member of the firm’saddition,group.attestaccountingand headcommitteeinnovationa leadercommittee,executiveofitsofitsandservicesInheis

co-leader of the firm’s New York operations—which involves overseeing staff and the growth strategies of the city workforce. Mannhaupt’s work on the innovation team brought about a major digital transformation of the firm’s work processes— which resulted in time and cost savings through process automation and artificial intelligence. In his charitable endeavors, he is treasurer of the Architecture, Construction and Engineering Mentor Foundation, where he is also a director.

and focuses on business advice and tax services. Kuchinsky has been on the firm’s executive committee for 10 years; he helped guide the firm and its staff transition to remote work at the outset of the Covid-19 pandemic and through hybrid working arrangements that have evolved. His contributions to the profession include serving as board member of the Westchester County chapter of the New York State Society of Certified Public Accountants.

JEFF LEE ROMERO KarpPrincipalStrategies

20 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

MATTHEW KUCHINSKY Office managing partner, White Plains and Connecticut Citrin Cooperman

FERNANDO LOPEZ

As a partner in charge of Citrin Cooperman’s office in White Plains, its second-largest,covering the clientservesKuchinskyMatthewConnecticut,New Yorksuburbsnorthernofandalargebase

of Anchin’s new emerging companies group, which helps founders with accounting, tax and finance matters. Lessey, promoted to partner last year, helped create a planningdeliverprogram,LeadershipCertifiedNew11recentlyforprogroupsa memberenterpriseand women-ownedminority-businessfocusgroup.Heisofseveraloftheandregularlyconductsbonoeducationalseminarssmall-businessfounders.HewasselectedasoneofparticipantsinanintensiveYorkStateSocietyofPublicAccountants’Institutetrainingwhichisdesignedtobetterstrategiccareer-advice.

Principal in charge, international tax Prager Metis

Jeff Lee Romero, a development finance lawyer and urban planner by training with more than 20 years of experience

agencies,governmentconsultsyear.Strategiesjoineddevelopment,and economiccommunityinKarplastThefirmwith

developers, private companies and nonprofits to help them make better decisions, avoid project delays and create shared value while maximizing return in areas involving planning and urban Experienceddevelopment.withprojects as diverse as offshore wind farms and the overlap of workforce development and economic impact, the company principal is on the boards of the Southwest Brooklyn Industrial Development Corp. and the Billion Oyster Project.

Partner, co-leader Grassi Advisors & Accountants

Focusing on investor-backed companies, Brent Lessey works with emerging brands, manufacturers, distributorsand retailers in the to membersguidancetechnicalhe providesIn additionindustry.productsconsumer

In addition to advising clients on cross-border tax planning and compliance matters aimed at efficient cross-border structures and nine countriesLeadersservicesinternationalPragerrestructuredLopezFernandooperations,hasMetis’group.in

in Channai. For many years Michaelson headed Polakoff & Michaelson, which offered family office services and merged with Prager Metis in 2015. He became a trusted adviser to wealthy families and has been a trustee, executor, foundation officer and board member while working closely with other professionals, including lawyers, investment advisers, art consultants, family foundation executives and insurance experts.

STUART MAYER

Regional managing partner, New York metropolitan area

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 21

Prager Metis

in the metropolitan area. The regional managing partner works closely with Prager Metis’ partners, principals and practice leaders to sharpen their skills and advance their professional success. Mayer has been instrumental in cultivating clients in the fashion and apparel industries, where his network of industry professionals has helped clients enter into successful mergers and acquisitions.

CPA, managing partner of the consumer, hospitality and manufacturing practice CohnReznick

CINDY MCLOUGHLIN

At Prager Metis, Stuart Mayer focuses on new business and client development that align with the firm’s strategic plan. Mayer, based in the operationsthe firm’schargeoffice,LongWoodbury,Island,isinof

MARC NADRITCH CohnReznickPartner

McLoughlin recently was named one of the most influential solutions providers and operators in the country by Nation’s Restaurant News. She is a fellow of the Culinary Institute of America and chair of the James Beard Foundation’s audit committee.

Chief Operating Officer Craig Michaelson runs the daily operations of the Prager Metis physical and virtualof anand openingthewheregrowthand thetechnologyoverseeingThat includesoffices.firm’sinIndia,heledstaffingoffice

With more than 15 years of experience serving venture capitalists and entrepreneurs and re-engineeringmunictelecomat a startupoperationsfinanceationscompany,Asael MeirhashelpeddevelopCohnReznick’stechnology

CRAIG MICHAELSON Chief operating officer Prager Metis

ASAEL MEIR

Partner, technology industry leader CohnReznick

With more than 20 years of experience, Marc Nadritch leads buy-side and sell-side financial due diligence engagements

As head of CohnReznick’s restaurant group,equity.bytypicallycompaniesthroughto midsizeaudit servicesprovidesMcLoughlinCindylargebackedprivate

McLoughlin is responsible for the career development of 120 individuals from audit, tax, advisory and operational consulting, and her expertise and business solutions were critical to helping CohnReznick’s hospitality clients navigate challenges brought on by the Covid-19 pandemic.

advisory services practice. Nadritch, with expertise in manufacturing and distribution, specializes in the transportation and logistics industry. The CohnReznick partner continues to provide guidance and support to the firm’s junior talent. Nadritch is active in the community as a member of the Men’s Leadership Council for Sharsheret, a national nonprofit that provides emotional support, counseling, education and financial assistance to women and families living with or at risk for breast or ovarian cancer.

industry practice. He works closely with business owners and management teams at private and public companies, helping them with acquisitions, divestitures and capital formation transactions. Meir has helped CohnReznick prioritize environmental, social and corporate governance initiatives. Outside of work, he is a board member of a local organization focused on providing financial assistance for educational programs in veteran-ownedWarrioriscommunities.underprivilegedInaddition,MeirinvolvedwiththeWoundedFoundationandbusinesses.

transactionalCohnReznick’smemberownersbusinessandcorporationsfunds,private-equityforprivateasaof

Consulting managing partner, EYEast region

In addition to providing accounting, business and tax planning services to group,companiesnew emergingof Anchin’sdevelopmentledNobleclients,entrepreneurialhisChrisrecentlytheworking

www.eisneramper.com

and mayoral teams to identify and address constituent needs.

NALIKA NANAYAKKARA Americas consulting managing partner, financial services EY

Nalika Nanayakkara has spent more than 20 years leading strategic programs for wasNanayakkarainnovation.efficiencyon growth,focusingservicesfinancialworld’sthetopfirms,andpromoted

CHRIS NOBLE

with founders to provide their fast-growing business with guidance in many areas including the complex state, local and international tax landscape. Widely recognized for his expertise, Noble was named one of Long Island’s Power 25 Accountants by Long Island Business News for his dedication to serving his clients. The Anchin partner is a member of the firm’s care committee and dedicates considerable time and energy to organizing and conducting its charity events.

to Americas consulting managing partner in April after being consulting leader for EY’s Americas wealth and asset management practice.

MARCUS ODEDINA EYPartner

As a global client service partner, Marcus Odedina is responsible for helping CEOs and their boards develop andgubernatorialwithforaccountYorkservesOdedinaagendas.growthexecutealsoasNewstateleader,working

He is a mentor to EY’s Black Professional Network, helping to identify and develop talent from recruitment onward. He received an Association of Management Consulting Firms Spotlight Award for value and excellence in consulting. He has coordinated the delivery of more than 2,000 hours of pro bono consulting services, valued at approximately $500,000, to Black-owned businesses.

22 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

JULIANA PEREIRA Business consulting leader, EYEast region

Charles Weinstein Bonnie Sussman

Passionate about building the next generation of diverse leaders in the financial services industry, she has worked throughout her career to give back to and be a mentor for the next generation of female wealth and asset management executives. This year the Asian American Businesses Development Center recognized Nanayakkara’s contributions by naming her one of the Outstanding 50 Asian Americans in Business.

Anchin

Partner, leader in professional services and technology practice

PONTRELLICHRISTOPHER

At EY, Christopher Pontrelli is responsible for allprojectsconsultingthat the firm conducts in the Eastern U.S. Pontrelli and his team work supply-chainreadinesscybersecurityonand and militarycareerabroad.35 companiesengagementsand financeorganizationHeindustrialsciencestelecommunications,years ofpartnerThe consultingFortuneclientissues.employee-engagementHeservesasaglobalservicepartnerontwo500clientaccounts.managinghasmorethan26experienceinthelifeanddiversifiedproductsindustries.hasperformedfinanceandstrategytransformationformorethanintheU.S.andHebeganhisconsultingaftereightyearsofserviceasaNavyofficer.

Overseeing one of EY’s most rapidly growing segments, Juliana Pereira leads a network of issues,supply-chainareaschallengesclients’in addressingprofessionalsthan 2,500morebusinessinincludingtalent engagement and cybersecurity. Pereira, a native of Brazil, has been based in São Paulo in addition to London and New York. She has developed strong technical expertise in business transformation by working in a variety of sectors and industries, including media. Pereira, an EY partner since 2011, has mentoring relationships through the EY Latino Professionals Network with several younger professionals and takes an interest in their career and personal ambitions.

EisnerAmper congratulates the 2022 Notable Leaders in Accounting and Consulting including our colleagues:

SAREENA SAWHNEY WithumPrincipal

CRAIG SAVELL

MICHAEL SACCO MarcumPartner

Global managing partner Prager Metis

Lori Roth oversees day-to-day operations for Prager Metis and plays a key role in developing its goals and policies,litigationservices,assurancein auditexperiencegrowth.businessandperformancemonitoringdrivingWithand

flsv.com Garden City, NY West Palm Beach, FL516-874-8800

guidance has become a leading growth area for the firm.

Dominic Rovano, co-partner in charge of Janover’s New York City office, works primarily with privately held businessesacross multipleindustries.In addition,he isaleaderof Janover’sprofessionalservicespractice,whichunderhis

Recognizing his contributions to the profession, the New York State Society of Certified Public Accountants included him on its 40 Under 40 list in 2020. Outside of accounting, Rovano is an adviser to the Solutions Journalism Network, a nonprofit that focuses on encouraging reporting that shows how people try to solve social problems.

Partner Michael Sacco is national leader of Marcum’s consumer products group. Sacco provides accounting, auditing, tax to privatelyservicesadvisorybusinessand held companies and their Sept.Marcumowners.on6merged

September 12, 2022 | CrAIN’S NeW YOrK bUSINeSS | 23 HyejinCongratulationsTak,Partner

with Friedman, where Sacco had been a partner. As a member of Friedman’s Covid-19 relief task force, he helped hundreds of middle-market companies and their owners navigate disruptions.pandemic-related

on being recognized as one of Crain’s Notable Leaders in Accounting & Consulting! STARR&VALLONELLP

in navigating the integration of Margolin, Winer & Evens, an independent firm for more than 70 years, into Baker Tilly. In addition to his successionandclientsadvisoryauditingin manyresponsibilities,managementheisinvolvedaspectsofaccounting,andtaxandbusinessservices.Heassistswithimplementingestateretirementplanningandplanning.

At accounting and advisory firm Withum, Sareena Sawhney is a testifying expert who specializes in complex fraud

support and business valuations, Roth has worked with private and public companies and with Israeli companies and U.S. subsidiaries of foreign banks and corporations. In addition to her corporate work, Roth is a certified divorce mediator who has been involved in many matrimonial cases. She is a board member of Unchained at Last, an organization dedicated to ending forced and child marriage.

FLSV FRANKELLOUGHRAN

Managing partner, New York metropolitan area Baker Tilly

As a partner at Baker Tilly, Craig Savell manages and oversees the New York metropolitan area, which includes offices in the city; instrumentalSavellLongUniondale,Jersey;Park,MetroNewandIsland.was

damage analyses. Her credentials include being a certified anti–money laundering specialist, a certified fraud examiner and a master analyst in financial forensics. She is vice chair of the directors and officers and trustee errors and omissions committee of the Professional Liability Defense Federation, a not-for-profit organization bringing together lawyer, claims professionals and risk management specialists to share expertise and information helpful to the defense of professional liability claims.

LORI ROTH

DOMINIC ROVANO JanoverPartner

comprehensivelitigationtoservicesasdefensewhite-collaraccountingforensicinvestigations,andmatterswellasrelatedcommercialand

The New York office managing partner and market hub leader for the metropolitan area is the first woman to lead KPMG’s New York flagship office. Scheker Izquierdo previously led the firm’s U.S. and global building construction and real estate tax practice, and she was the partner in charge of New York’s financial services–real estate tax practice. She is an advocate for diversity, equity and inclusion. To that end, she formed the Women’s Executive Circle of New York in 2007 and KPMG’s Women in Real Estate Steering Committee in 2017.

BONNIE SUSSMAN EisnerAmperPartner

Glenn L. Friedman Lori A. Roth Craig MichaelsonSteven L. Topal

Stuart H. MayerDawn M. BergenFernando R. Lopez

Advisors & Accountants NORTH AMERICA | EUROPE | ASIA | METAVERSE PRAGERMETIS.COM Congratulations on being honored as Crain’s New York Business 2022 NOTABLE LEADERS Accounting & Consulting.

New York office managing partner, marketing hub leader KPMG

Loughran Starr & Vallone

24 | CRAIN’S NEW YORK BUSINESS | SEptEmBER 12, 2022

ABE SCHLISSELFELD

and her assistance in obtaining it were invaluable to her restaurant clientele, as has been her knowledge of new lease accounting rules. The CBIZ Marks Paneth director regularly assists recruitment efforts as an interviewer. For more than 10 years, she has provided pro bono accounting services and business counseling to a small New York City business in the recycling sector that has been certified as a women’s business enterprise.

YESENIA IZQUIERDOSCHEKER

Yesenia “Yessi” Scheker

As one of

governmentindevelopmentsof theknowledgeStrom’sof industries.in a rangebusinessesforlatestCovid-relatedaid

YMCA.parents’ofleadershipemployeesnetworkingoffice.ambassadorthe diversitydevelopment,recruitmentHeavilyyoungactsaddition,hedgefunds,specialistsEisnerAmper’sinprivate-equityventurecapitalinvestors,fundsandfundsoffunds,partnerBonnieSussmanworkstospreadherexpertise.Sussmanisco-leaderofEisnerAmper’sprivate-equitytraining;inshementorsstaffandasacareercoachtofourleadersinthefirm.involvedinemployeeandtalentsheservesasandinclusionfortheNewYorkSussmanisonthefirm’scommitteeforAsiananditswomen’scommittee.Outsidework,sheistreasurerfortheassociationofherlocal

At CBIZ Marks Paneth, Abe Schlisselfeld oversees its New York office operations, manages business development efforts and andcommercialadvisingfor threeestatetheEarlier,on keyconsultsclients.heledfirm’srealgroupyears,residential

real estate owners and managers in accounting and taxation matters. The senior managing director is a shareholder of Mayer Hoffman McCann, an independent accounting firm that works closely with CBIZ. Outside of work, he is involved in Agudath Israel of America and Chasdei Lev, a nonprofit that provides clothing and food for needy individuals and families.

JESSICA STROM CBIZDirectorMarks Paneth

HYEJIN TAK

Izquierdo is responsibledevelopingfor professionals.firm’stowhichlargestdirectionKPMG’simplementingandinitsmarket,ishome6,500ofthe35,000

FrankelPartner

particularly as it applies to the asset management and privateequity businesses in which she specializes. Tak assists the firm with marketing, hiring, community service and training. In regard to training, Tak revamped the firm’s orientation program. Away from the office, she volunteers as a Big Sister.

With expertise in the restaurant industry, Jessica Strom manages engagement teams for audits, reviews and compilations

Senior managing director CBIZ Marks Paneth

Responsible for overseeing Frankel Loughran Starr & Vallone’s business services tax team, Hyejin Tak, a partner, is relied taxinternationaltaxesexpertisesubject-matterclientsmembersby heruponteamandforherinandreporting,

Senior partner, managing partner of the New York of ce McKinsey & Co.

clean energy and sustainability; hospitality; technology; and health care. e rm’s clients have included major corporations and top real estate developers, and its work has included securing permits to build in all ve boroughs, helping to advance rezoning and reopening cultural institutions. For nonpro ts, Terry has helped secure funding for social programs and the QueensWay park, among other projects.

McCann, an una liated rm, omas oversees sta within its attest services and serves as the auditor for several large nonpro ts. He taught nonpro t accounting at New York University for several years. He and Marks Paneth were recognized by the Human Services Council as “changemakers of New York” for distinguished service to the nonpro t sector. In addition to his accounting credentials, omas has been designated a certi ed fraud examiner and a certi ed global management accountant.

YAEL TAQQU

As Prager Metis’ chief collaboration o cer, Steven Topal has taken on the foundation.SystemtheFoundation,of thebusinesses.manythe hospitalityacrosssharedincomingnicheinstitutedhelp accomplishentities.andspecialtynicheamongcollaborationa cultureof cultivatingtaskoftherm’smanyandareasitsmanyTothat,Topalhasforumsinwhicheachprovidesanoverviewtopartnersandensuresknowledgeofeachareatherm.HisclientsinindustryincludecloselyheldfamilyTopalispresidentPragerMetisCharitableaboardmemberofMetropolitanJewishHealthandvicechairmanofits

STEVEN TOPAL Chief collaboration of cer; partner in charge, hospitality Prager Metis

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 25

Mayershareholderservices.andprovideNewnonproseveralworksomaswithlargetsinYorktoauditconsultingAsainHoman

MayerShareholderHoffman McCann

Will Turton is an expert in project management, cost management and procurement. He is a founding partner of Turton for managingresponsiblethree-year-oldservice.consultancyconstructiona nationalBond,Attherm,heis major projects in New York City, including providing cost estimates for Google’s national o ces and providing detailed analysis, timeline of deliverables and improvements for about 40 individual projects by Facebook. Turton says many of the skills he uses in managing large New York projects came, in part, from his days as a quantity surveyor trainee on a pro bono project based in Sierra Leone with the Royal Society for the Protection of Birds.

In addition to managing McKinsey’s global headquarters’ o ce in New York, one of the rm’s largest and municationsand telecom-tech,clientsherTaqqudiverse,mostYaeladvisescorporateinhighmedia

real estate;expertiseby addingand consultingmanagementinto traditionalexpandingwhilenancein

SIBI THOMAS Managing director CBIZ Marks Paneth

WILL TURTON Founding partner Turton Bond

As a managing director for CBIZ Marks Paneth, Sibi

on sales and marketing growth, digital transformation and strategy. Taqqu leads McKinsey’s global network of experience studios, in which clients participate in workshops and programs that involve local tech startups. e senior partner is an executive producer of documentaries, including Say You Love Me, which is about HIV and aired on Showtime. Taqqu is on the board of trustees of the Juilliard School and on Lincoln Center’s board of lm.

TRAVIS TERRY CapalinoPresident

As president of urban-strategy company Capalino, Travis Terry has created one of the largest municipal lobbying rms in the nation

We are proud of all your accomplishments, especially being named one of Crain's 2022 Notable Leaders in Accounting and www.uhy-us.comConsulting! Congratulations JOHN FERRO

EisnerCEO Advisory Group

initiatives,attestmanageWankgoods,packagedbrandedGreghelpstherm’sclientservice

GREG WANK

PATRICK YU BakerPartnerTilly

As a board member, member of the executive committee and chief executive, Charles Weinstein is responsiblewell asgrowthleadinginstrumentalWeinsteinGroup.Eisnerdirectionthe strategicforoftheAdvisoryisinorganicas

CHEN ZUR

growth through and acquisitions.mergersHeled the investment in EisnerAmper by a private-equity investor group led by TowerBrook Capital Partners—which dramatically accelerated the rm’s growth and enabled it to introduce environmental, social and corporate governance services and family o ce technology solutions. Weinstein is a board member of the Legal Aid Society of New York City and is its audit committee chair. He is also audit committee chair at the Partnership for New York City.

recruiting and retention, and overall pro tability. At the same time Wank oversees client relationships in his specialty area. He has helped guide his group through the pandemic, which had a particularly strong impact on the businesses he serves. ose businesses constitute about 10% of the rm’s revenue. Wank is a key member of Anchin’s committee on diversity, equity and inclusion. Outside of work, he is a top fundraiser for the Long Island chapters of the Crohn’s & Colitis Foundation and the National Multiple Sclerosis Society.

CHARLES WEINSTEIN

Patrick Yu, Baker Tilly’s market leader in the New York metropolitan area, has been a partner for 16 years and not-for-proin servingspecialista ts and health care clients for 27 years. Yu is on Baker diversitynationalTilly’s

committee, and he is one of three advisory partners for its national Asian American and Paci c Island community of employees. Yu also leads the rm’s national mentorship program for team members of color. He sits on the board of the Baker Tilly Foundation and chairs its nance committee. He has served the Queens Chamber of Commerce as treasurer, nance committee chair and executive committee member.

an in-house “web 3.0 university,” designed to train thousands of professionals in the complex world of blockchain technology and cryptocurrencies. Zur, who was born and raised in Israel, served on active and reserve duty in the Israeli Defense Forces for 28 years, retiring as an army major. He is on the advisory board of the Blockchain Center of Excellence at the University of Arkansas Walton College of Business.

26 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022

As a member of Anchin’s executive committee and the leader of its practices in food and beverages and

EY Americas Digital, emerging technologies; blockchain leader, technology consulting EY

Executive partner; leader, foodbeverage, packaged goods practices Anchin

As a principal in EY’s technology consulting services group, Chen Zur leads the rm’s Zurprogrammers.consultantshundredsoverseeingpractice,blockchainU.S.ofandhascreated

Nominate at CrainsNewYork.com/WallStreet NOMINATE NOW! Deadline is Sept. 30 Crain’s New York Business 2022 Notable Women on Wall Street will feature women who have impacted the New York City financial sector in major ways. WOMEN ON WALL STREET 2022 THE NUMBER OF PEAKEDGRADUATESACCOUNTING IN —BLOOMBERG2012TAX

Sallie Krawcheck, Darren Walker, Robert Wankel and James Whelan CLASS OF 2022 2020 HONOREES Dr. Steven Corwin Katherine G. Farley James Gorman Jerry I. Speyer Marcus Samuelsson 2021Dr.VijayLorieHONOREESSlutskyDandapaniAlbertBourlaCharlesPhillipsMelbaWilsonJOIN US as we celebrate our recent Hall of Fame honorees at a luncheon on Thursday, Nov. 3. Register at CrainsNewYork.com/HallofFame2022.

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 27 CRAIN’S 2022 HALL OF FAME INDUCTEES are leaders in the truest sense, helming successful businesses and organizations while changing our community and city for the better. This year’s honorees have left their mark on the city’s bedrock industries, from nance to real estate, arts and nonpro ts. HALL of FAME 2022

BY JUDY MESSINA PHOTOGRAPHS BY BUCK ENNIS

SALLIE KRAWCHECK Ellevest

hen it comes to the life experiences that shaped her, Sallie Krawcheck remembers her middle school years in South Carolina. She was a quirky kid, she said, with braces, corrective shoes and a “bad Dorothy Hamill haircut.”

TITLEDOSSIER

“Nothing is tougher than a clique of middle school girls, but I had no choice [but] to keep going back to school every day,” she said. “I simply refused to give up.”

She replayed that determination time and again during her years on male-dominated Wall Street, rst as a research analyst and later as CEO of investment titans Sanford C. Bernstein (now Alliance Bernstein), Citi Wealth Management and Merrill Lynch Wealth Management and US Trust.

WORDS OF WISDOM Hard work, Krawcheck says, is the ticket to success. “You have to be intelligent and savvy enough, but hard work and success are still pretty correlated. Also, being a contrarian, looking to see things others don’t see, is even more highly correlated with success.”

To that end, in 2014 she founded mutual fund Pax Ellevate Global Women’s Index Fund to invest in companies that have a strong commitment to women. In 2015 she co-founded Ellevest, a nancial platform exclusively for women.“Ellevest was a passion project,” she said. “Once I recognized how women were losing out so much by not investing as men did … I couldn’t unsee it.”

HALL of FAME

“WOMEN WERE LOSING OUT SO MUCH BY NOT INVESTING AS MEN DID”

When she left Merrill Lynch in 2011, Krawcheck had o ers to turn around broken rms. Instead, she decided to do something di erent: put more money in the hands of women, bucking a Wall Street mindset that had mostly ignored them. More money in women’s hands, she believes, not only bene ts them but also their family, their community and the economy as a whole.

CEO and co-founder, Ellevest

WHAT’S NEXT “Next time we talk, I hope it’s right after I’ve rung the bell at the New York Stock Exchange when Ellevest goes public,” she said.

SHINING A LIGHT Krawcheck regularly mentors young women either already in a career in nance or pursuing one. These days, it’s more one-on-one. “I do a ton of mentoring,” she said. “I think of myself as a den mother.”

Today Ellevest has $1.5 billion under management and a social following of 3 million-plus. Some 650,000 women use the platform, according to Krawcheck, for investing, coaching or education. All of the company’s nancial planners and advisers are women, o ering not only investment services but nancial coaching and workshops. e company has raised $153 million, including a $53 million series B round in April that was two-thirds funded by women and other underrepresented groups.

Named the seventh-most-powerful woman in the world by Forbes during her days at Citigroup, Krawcheck now gets accolades for her entrepreneurial accomplishments, including from CNBC as a top disrupter, from Fast Company as one of the 100 most innovative founders and from Inc. as a top female founder. ■

28 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022

n June 2020, with Covid wreaking havoc around the world, the Ford Foundation tapped U.S. capital markets, taking on $1 billion in long-term debt and enabling investors to help the foundation support nonpro ts that were in danger of shutting their doors. It was the rst so-called social bond to be issued by a foundation and allowed Ford to expand its grant making from $550 million a year to over $1 billion. Today other foundations are following Ford’s lead.

e social bond is just one example of Walker’s innovative take on philanthropy. He also has stepped up other new programs, such as mission investments, a $1 billion impact investing portfolio seeking market returns on investments that address societal challenges, such as renewable energy, services for underserved communities, and breakthroughs in health care and the life sciences. Another new e ort is the recently launched $10 million annual disability justice program.

WORDS OF WISDOM “My advice to young people starting out in New York is to make the most that this city has to offer,” Walker said. “Understand how business works, build networks, learn new skills, and push yourself out of your comfort zone, because it’s true what they say: If you can make it here, you can make it anywhere.”

TITLEDOSSIERPresident, Ford Foundation

SHINING A LIGHT In addition to presiding over the second-largest private foundation in the country, with an endowment of $16 billion, he serves on many boards, including the National Gallery of Art, Carnegie Hall, the High Line, the Smithsonian National Museum of African American History & Culture and the Committee to Protect Journalists.

WHAT’S NEXT “We will continue in this vein,” he said, “holding ourselves accountable to remain innovative and committed to our mission, nding new ways to better serve our partners who are out in the eld every day for a brighter, more equitable future for us all.”

“We are working to push ourselves and our peers to go outside of philanthropy’s comfort zone,” he said. ■

“ e markets presented a unique opportunity to do something radical and unlock an immense amount of capital,” said Ford Foundation President Darren Walker, who credits the skills he learned on Wall Street with helping him develop creative solutions to the challenges the organization addresses.

Darren Walker

Raised by a single mother in a shack in a small town in East Texas, Walker attended Head Start as a child and counts it among the opportunities that have been critical to his success: “Access to education, knowledge and art all allowed for me to dream,” he said, “which is the greatest gift that a child could have—the ability to dream and imagine what might be possible in their life.”

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 29 HALL of FAME

Stints in banking and as chief operating o cer of the Abyssinian Development Corp. in Harlem preceded the Rockefeller Foundation, where he was vice president of foundation initiatives. President of the Ford Foundation since 2013, Walker has been reimagining philanthropy as he mounts e orts to ght inequality.

“WE TOWORKINGARE OURSELVESPUSH AND OUR PEERS”

“It’s from understanding the business world that I’ve been able to help build bridges, working with partners across sectors to create more opportunities and nd better solutions to address the systemic challenges that we face today,” Walker said.

Ford Foundation

WORDS OF WISDOM “Live theater tells stories better than anyone,” said Wankel. “The nature of the stories we tell is changing a little, and we are trying to bring more diversity to the theater world, but we still tell stories in the same way.”

WHAT’S NEXT The fall season will debut with new shows, including Shubert’s Some Like It Hot, based on the 1959 movie.

“THEY ALL RECOGNIZED HOW ISBROADWAYIMPORTANTFOR ECONOMYTHE OF THE CITY”

“When people ask for help, we’re here,” Wankel said. He arrived at Shubert 47 years ago through a side door, so to speak, as manager of the Laventhal & Horwath accounting team that audited Shubert’s books. He was subsequently hired by Shubert as manager of nancial planning. He rose to become chief nancial o cer and in 2008 was named president and co-CEO.

Chairman and CEO, the Shubert Organization; chairman, the Shubert Foundation

As chairman and CEO of the 122-year-old Shubert Organization, the largest theater owner on Broadway, he oversees 1,500 employees at 17 Broadway theaters, six o -Broadway venues, the Forrest eater in Philadelphia and a bevy of ticketing operations. Wankel also heads the Shubert Foundation, which annually gives millions to nonpro t theaters and dance companies around the nation. e foundation has given a record $37.8 million to help 600 pandemic-battered arts organizations weather the Covid shutdown, among them dance companies and theater training programs, including those at historically Black colleges.

Shubert Organization

TITLEDOSSIER

30 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022 HALL of FAME

“We don’t have all the audience back, but a number of shows have done quite well since Broadway reopened,” said Wankel. “ is fall will be a fairly big opening.” ■

He is also president of Broadway Cares/Equity Fights AIDS, a trustee of the Actors Fund and chair of its Housing Development Corp. This year at the Tony Awards, he received the Isabelle Stevenson Award for his work on behalf of charitable organizations.

In his years at the organization, Wankel has seen it all, but during the Covid-plagued 18 months between March 2020 and September 2021, he had his work cut out for him. With New Yorkers holed up at home and tourists nowhere in sight, Times Square and Broadway fell victim to the fallout. Wankel credits support from the city, state and federal government, including federal Save our Stages funding and tax credits from the state, for helping the industry.

or Robert Wankel, who was born in Brooklyn and raised on Long Island, theater wasn’t historically a big part of his life. But since he joined the Shubert Organization, apart from his family, it is his life.

Since reopening last September, Broadway has started a slow march back with more than 9 million of its average 15 million annual visitors pre-Covid returning so far. And there’s more to come, he said.

ROBERT WANKEL

SHINING A LIGHT ON NEW YORK He is a member of the board of governors and past chair of the Broadway League, a director of the Times Square Alliance, the chairman of the board of the American Academy of Dramatic Arts and a director of the Actors Studio.

“ ey all recognized how important Broadway is for the economy of the city,” Wankel said.

BROADWAY BELIEVER “The city is back in business, and it’s still the greatest city in the world,” he said. “And theater is the largest single attraction and a major economic driver.”

“We will create new jobs and the housing that is needed by working cooperatively with government, building coalitions to achieve policy goals,” said Whelan. ■

Real Estate Board of New York

WORDS OF WISDOM Whelan has four rules that he lives by: Your reputation and your work ethic stay with you. Hard work matters; if you want to make something happen, you can’t do it on a part-time basis. Be passionate about what you do. And never stop learning.

In 2010 Whelan joined REBNY as head of public a airs and in 2019 was named president.

WHAT’S NEXT Housing is a major item on Whelan’s agenda and, in coalition with the Legal Aid Society, REBNY is working along with other groups to increase the number of available housing vouchers. “We need to focus on making New York affordable,” he said. Among the possibilities is converting obsolete of ce buildings to residential use to create below-market-rate housing in Manhattan below 59th Street. “We need to put together a winning coalition to make it happen.” Also on his list: Finding a replacement for 421-a, the recently expired tax-abatement provision that was an incentive for building affordable housing.

President, Real Estate Board of New York

A Queens native and still a resident of the borough, Whelan practiced law brie y, then turned to public service. Over the years he has been instrumental in e orts to rezone and transform key neighborhoods. One of them, Union Square, in the 1990s was a hangout for drug dealers. Today it is a destination, home to tech startups, shops, restaurants, even luxury residential buildings.

Over time he’s watched the sector change. It used to be, he said, that the real estate industry could “single-handedly make something happen.” Today it has a new M.O.

Similarly, as head of the Downtown Brooklyn Council, he was instrumental in the neighborhood’s rezoning, which brought in housing, retail and o ce space. After 9/11 he supported the redevelopment of Lower Manhattan, and, in 2003, as executive director of the Hudson Yards Coalition, he helped to accomplish zoning changes that allowed for the massive West Side development. Later, as chief of sta to then-Deputy Mayor of Economic Development Dan Doctoro , he worked to revitalize Willets Point, a gritty neighborhood of junk yards, auto body shops and environmental hazards.

“WE WILL CREATE NEW JOBS AND THE HOUSING THAT IS NEEDED”

TITLEDOSSIER

James Whelan

f real estate is New York City’s quintessential industry, then James Whelan is one of the city’s quintessential power players, overseeing a sector that delivers more than 50% of the taxes collected annually Presidenthere.of the industry’s trade association, the Real Estate Board of New York, he manages the 15,000-member organization of developers, builders, investors, owners, brokers, agents and others, providing networking and education and advocating for members’ interests in the public and political sphere.

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 31

SHINING A LIGHT Whelan organizes the annual Real Estate Games at Chelsea Piers to raise money for the Juvenile Diabetes Research Foundation. “It’s a very personal cause for me,” said Whelan, whose son has type 1 diabetes.

CELEBRATORY LUNCHEON AND AWARDS CEREMONY THURSDAY, NOV. 3 | 12-2 PM 2022 HONOREES 2021 HONOREES SALLIE KRAWCHECK EllevestCEO DARREN WALKER FordPresidentFoundation BOB WANKEL Chairman and President Shubert Organization JAMES WHELAN PresidentREBNY PURCHASE TICKETS CRAINSNEWYORK.COM/HALLOFFAME2022AT MELBA WILSON Chef and Owner Melba’s Restaurant and Melba’s Catering VIJAY DANDAPANI President and CEO Hotel Association of New York City

Purpose: Any lawful purpose.

Notice of Formation of CANOPY STAFFING LLC

indicate you are applying for the Director, Sales Strategy-Partnerships (MB22LN) opening. NBCU is an EOE.

Notice of Qualification of BioReference Health, LLC Appl. for Auth. filed with Secy. of State of NY (SSNY) on 06/01/22. Office location: NY County. LLC formed in Delaware (DE) on 03/10/22. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co. (CSC), 80 State St., Albany, NY 12207-2543, regd. agent upon whom and at which process may be served. DE addr. of LLC: CSC, 251 Little Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State, John G. Townsend Bldg., 401 Federal St., Ste. 3, Dover, DE 19901.

Notice of Formation of JPSF Ventures LLC.

Zebra Tech Corp has an openg in Holtsville, NY. Mech Eng Adv. Dsign, arange & prfrm tsts to dplcte failr modes. Mandarin fluncy rqd. Telecom permi. When not telecom mst rprt to wrkst. Trvl rqd 10% time bth dom & intl. BS+15 yrs rqd. To aply email rsme to jobs@zebra.com ref job#2787684. EOE/fully supports affirmative action practices.

Zebra Tech Corp has an opening in Holtsville, NY for Adv SW QA Eng Dsgng & Instlng Cmplx Wirls LAN soltn tst setup & confgrng meet mltpl entrprs use cases of ntwrk cnctvty & prfrmnc. BS+7 yrs exp or MS+6 yrs exp rqd. Telecom prmtd. When not telecom must rprt to wrkst. To apply email resume to jobs@zebra.com ref job #5865232. EOE/fully supports affirmative action practices.

Notice of Qualification of 100 CHURCH RETAIL I LESSEE LLC Appl. for Auth. filed with Secy. of State of NY (SSNY) on 06/23/22. Office location: NY County. LLC formed in Delaware (DE) on 05/26/22. Princ. office of LLC: c/o SL Green Realty Corp., One Vanderbilt Ave., 28th Fl., NY, NY 10017. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co. (CSC), 80 State St., Albany, NY 12207-2543. DE addr. of LLC: CSC, 251 Little Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State, PO Box 898, Dover, DE 19903.

Arts. of Org. filed with Secy. of State of NY (SSNY) on 11/22/21.

fictitious name: DigitalBridge Strategic Assets Fund, L.P. Duration of LP is Perpetual. SSNY designated as agent of LP upon whom process against it may be served. SSNY shall mail process to Corporation Service Co. (CSC), 80 State St., Albany, NY 122072543. Name and addr. of each general partner are available from SSNY. DE addr. of LP: c/o CSC, 251 Little Falls Dr., Wilmington, DE 19808. Cert. of LP filed with Secy. of State of DE, John G. Townsend Bldg., 401 Federal St., Ste. 4, Dover, DE 19901.

Office location: NY County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to the LLC, 347 5th Ave., Ste. 300, NY, NY 10016.

Office location: NY County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to the LLC, 307 5th Ave., 12th Fl., NY, NY 10016. Purpose: Staffing services business.

Formation of EP Pilates LLC filed with SSNY on 07/13/22.

Purpose: Any lawful activity.

Advertising Section

Purpose: any lawful activity

Get your message in front of New York’s influential business community with Crain’s New York Business - Classified Ads Advertising Section To place a classified ad, Call 212-210-0189 or Email: jbarbieri@crainsnewyork.com SUBMIT YOUR BUSINESS CLASSFIEDS TODAY CLASSIFIEDS Contact Suzanne Janik at 313-446-0455 or email: sjanik@crain.com CLASSIFIEDS Advertising Section SUBMIT YOUR CLASSIFIEDSBUSINESSTODAY

Office location: NY County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to the LLC, 347 5th Ave., Ste. 300, NY, NY 10016.

Purpose: To acquire, sell, manage, lease and develop real estate.

CLASSIFIEDS

Office location: NY County. LLC formed in Delaware (DE) on 08/22/22. Princ. office of LLC: c/o Bridge Funding Inc., 641 Lexington Ave., 20th Fl., NY, NY 10022. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co., 80 State St., Albany, NY 12207-2543. DE addr. of LLC: 251 Little Falls Dr., Wilmington, DE 19808-1674. Cert. of Form. filed with DE Secy. of State, 401 Federal St., #4, Dover, DE 19901.

Purpose: Any lawful activity.

Contact Suzanne Janik at 313-446-0455 or email: sjanik@crain.com

Appl. for Auth. filed with Secy. of State of NY (SSNY) on 07/18/22. Office location: NY County. LLC formed in Delaware (DE) on 07/14/22. Princ. office of LLC: 30 Hudson Yards, 72nd St., NY, NY 10001. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co. (CSC), 80 State St., Albany, NY 12207-2543.

Appl. for Auth. filed with Secy. of State of NY (SSNY) on 08/26/22.

Notice of Formation of PERRY STREET 7 LLC

Notice of Qualification of BEDFORD BRIDGE LLC

Associate Principal (Korn Ferry (US) / New York, NY) –

Office location: NY County. LLC formed in Delaware (DE) on 02/10/22. Princ. office of LLC: 750 Park of Commerce Dr., Ste. 210, Boca Raton, FL 33487. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co. (CSC), 80 State St., Albany, NY 12207-2543. DE addr. of LLC: c/o CSC, 251 Little Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State of DE, John G. Townsend Bldg.,401 Federal St., Ste. 4, Dover, DE 19901.

Director, Sales StrategyPartnerships (NBCUniversal Media, LLC; New York, NY). Focus on the high-growth digital component of NBCUniversal’s advertising sales business. Send resume to: Elsbeth Velasco-Fulgencio elsbeth.velasco@nbcuni.com,at &

Purpose: Any lawful activity.

POSITIONS AVAILABLE

Purpose: Any lawful activity.

Notice of Formation of JEMAL'S FAYETTE PARK L.L.C. Arts. of Org. filed with Secy. of State of NY (SSNY) on 04/01/22.

DE addr. of LLC: 251 Little Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State, DE Div. of Corps., 401 Federal St., Ste. 4, Dover, DE 19901.

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Office location: NY County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to Corporation Service Co., 80 State St., Albany, NY 12207-2543.

Notice of Qualification of DigitalBridge Strategic Assets Fund, LP Appl. for Auth. filed with Secy. of State of NY (SSNY) on 06/30/22.

Purpose: Any lawful purpose.

Notice of Formation of PERRY STREET 6 LLC

Notice of Qualification of RELATEDASSOCIATESSOUTHTOWNIVLLC

Office: NY County. Business address: 245 E 93rd St. #14F, NY, NY 10128. SSNY designated as agent upon whom process against it may be served. SSNY shall mail a copy of any process against the LLC to registered agent: United States Corporation Agents, Inc. at 7014 13th Ave. Suite 202, Brooklyn, NY, 11228.

Deliver leadrshp dvlpmnt progrms for co. clients incldg progrm desgns that may incld large & small group facilitatn, virtual instructor-led sessions, assessment debriefg & individual coachg sessions. Reqs Master’s in Psych w/ concentrtn in Industrial/Organizational Psych or clsly reltd field & 2 yrs of exp in job offrd or as a Consultant &/or Sr Consultant. Bkgrd in educ, traing or exp must incld psychometrics, exec coachng, instructnl desgn, talent stratgy dvlpmnt, & account mgmt; must incld proven track record of success in leadrshp dvlpmnt & coaching in a corp envrnmt wrkng as a consultant; exp conductg needs anlysis & desgng talent mgmt, assessment, & leadrshp dvlpmnt solutns to achieve desired orgnizatnl objectives/needs; bkgrd incldg talent mgmt, leadership dvlpmnt & assessment trends & best practices for desgng high impact solutns.Resp to Brian.Bloom@KornFerry.com; ref job title in subjct line.

Arts. of Org. filed with NY Dept. of State on 8/2/22. Office location: New York County. NY Sec. of State designated agent of the LLC upon whom process against it may be served, and shall mail process to The LLC, c/o The Clark Estates Inc, One Rockefeller Plaza, 31st Fl, New York, NY 10020.

Notice of Formation of PERRY STREET 5 LLC Arts. of Org. filed with Secy. of State of NY (SSNY) on 11/22/21.

Office location: NY County. LP formed in Delaware (DE) on 02/10/22. Princ. office of LP: 750 Park of Commerce Dr., Ste. 210, Boca Raton, FL 33487. NYS

Purpose: Any lawful activity.

DE addr. of LLC: CSC, 251 Little Falls Dr., Wilmington, DE 19808. Cert. of Form. filed with Secy. of State of DE, John G. Townsend Bldg., 401 Federal St., Dover, DE 19901.

BROADWAY DYI LLC. Arts. of Org. filed with the SSNY on 06/28/22. Office: New York County. SSNY designated as agent of the LLC upon whom process against it may be served. SSNY shall mail copy of process to the LLC, 2250 Broadway, Apartment 10A, New York, NY 10024.

Office location: NY County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to the LLC, 347 5th Ave., Ste. 300, NY, NY 10016.

Arts. of Org. filed with Secy. of State of NY (SSNY) on 08/08/22.

Notice of Qualification of SPORTS CONTENT CREATION LLC Appl. for Auth. filed with Secy. of State of NY (SSNY) on 07/20/22. Office location: NY County. LLC formed in Delaware (DE) on 07/08/22. Princ. office of LLC: 500 S. Buena Vista St., Burbank, CA 91521. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to c/o Corporation Service Co., 80 State St., Albany, NY 12207-2543.

Notice of Qualification of DigitalBridge SAF GP, LLC Appl. for Auth. filed with Secy. of State of NY (SSNY) on 06/30/22.

Arts. of Org. filed with Secy. of State of NY (SSNY) on 11/22/21.

PUBLIC & LEGAL NOTICES

Purpose: Holding company.

Purpose: Any lawful activity.

e TLC plans to hold a virtual public hearing at 10 a.m. Oct 6 to gather feedback on the proposed changes. ■

‘The right balance’

Newark airport would rise from $17.50 to $20.

“It’s something. We need as much help as possible,” said Augustine Tang, 38, who inherited a medallion and the $530,000 debt

ENNISBUCK

Daus argued, however, that gains for drivers would be all but eliminated if the MTA imposes a congestion pricing fee on taxis for traveling south of 60th Street in Manhattan.“atwould be catastrophic to this industry,” Daus said.

FARES FROM PAGE 1

of-town trips. Yellow-cab drivers are able to double their meter fare for out-of-town trips, but Uber and Lyft drivers don’t have that bene t.

attached to it from his father in 2015. “For many of us living paycheck to paycheck, especially now with in ation, we need this increase.”Matthew Daus, a former commissioner of the TLC, said the proposed changes “strike the right balance” for taxi drivers and passengers. “Ifyou go too high, you get too much of an impact on ridership, and that really hurts the drivers.

34 | CRAIN’S NEW YORK BUSINESS | SEPTEMBER 12, 2022 Nominate at CrainsNewYork.com/AsianLeaders NOMINATE NOW! Deadline is Oct. 28

TLC o cials project that changes to the metered rate, not including changes to surcharges and airport at fares, could result in a 22.9% rise in average passenger fares and a 33.3% increase in average driver revenue. Taxi medallion revenue would increase by an estimatedBhairavi29.5%.Desai, executive director of the New York Taxi Workers Alliance, which represents 25,000 drivers and has urged the TLC to raise fares so cabbies can earn $25 per hour after expenses—the hourly rate is currently around $12—said she views the proposed changes as the rst of many steps needed to get cabdrivers back on track.“Fundamentally, we’re sick and tired of drivers being the lowestpaid transportation workers in the city, so we’re glad to see the TLC begin to take some action,” Desai said. “We see this as a giant leap forward. But it’s still just the beginning. We have much more to do.” e number of leases for both taxis and for-hire vehicles, Desai said, should be capped to limit driver expenses, and yellow-cab drivers must be paid more for e-hail trips. On the app-driver side, Desai said, she’s concerned how little drivers are paid for out-

In a separate proposal for Lyft, Uber and other for-hire vehicles, the TLC would raise rates to 57 cents per minute and $1.45 per mile, which would mean a 30-minute, 7.5-mile trip in a standard forhire vehicle would require drivers to be paid at least $28, up about $3.50 from existing rates.

THE NEW YORK TAXI WORKERS ALLIANCE has urged the TLC to raise fares so cabbies can earn $25 per hour after expenses. The current hourly rate is around $12.

Taxi drivers said the proposed changes would bring some sorely needed relief.

Crain’s Notable Asian Leaders recognizes top Asian executives in the New York City metro area for their accomplishments over the last 18 months.

2022

ASIAN LEADERS

Twenty-three percent, I think, meets that balance,” said Daus, who noted that historically such increases come with an initial dip in ridership but tend to level out.

BY NATALIE SACHMECHI

HIDDEN TALENT In high school Zamfotis was a varsity javelin thrower.

SEPTEMBER 12, 2022 | CRAIN’S NEW YORK BUSINESS | 35

ENNISBUCK

“You could stand on the corner and in 10 minutes count on one hand how many people walked by you,” Zamfotis said of the early days of the Covid crisis. “ ere were points in the peak of the pandemic when it was eerie how few people I saw.”But by the start of this year the company had opened nine new locations, including the one on 42nd Street—some of them in more residential areas such as Hoboken, New Jersey, and Greenwich, Connecticut. In the past 12 months, Zamfotis said, Gregorys has sold 1.8 million cups of co ee, with the smallest size of plain drip co ee going for $2.70. In 2019 his business

e Greenwich location, for example, has ample seating for those without an o ce looking to do some work in a co ee shop.

dramatically since then.

■ Brewing up

he sight of o ce workers hustling to their desks with a to-go cup of co ee in hand is commonplace in Midtown Manhattan.

BUSINESS PLANS The company is set to launch a new menu with more plant-based options. Some locations also are slated to have drive-throughs, which Zamfotis calls “exciting.”

“We used to ask people to be quieter while taking calls,” he said, “but now we get requests to lower the volume because of their Zoom calls.” a change of

“WE HAD BUSINESSA FROM THE START JUST BECAUSE WE STARBUCKS”WEREN’T

PUBLIC DREAMS He once rang the opening bell at the New York Stock Exchange in partnership with JPMorgan Chase, and he hopes to ring it again one day for his own ticker, GREG.

Before the pandemic began, most of his outposts were located in o ce-focused business districts like Midtown and Jersey City. But the o ce landscape has changed

AGE 40

Brooklyn native Zamfotis grew up around the food business. His father owned fast-casual eateries in the city, including classic delis and pizza places such as Steve’s Pizza.

In 2020 four Gregorys Co ee stores closed permanently. A Midtown location on 42nd Street and Lexington Avenue was slated to open in April 2020 but was delayed to the following July, though that timing wasn’t much better.

But he still wasn’t happy. He eventually decided to go the food route with the guidance of his dad. He brewed up the idea for a specialty co ee destination.

was valued at $40 million, he said.

FAMILY LIFE Zamfotis is married with three kids, and the family has two dogs.

EDUCATION Bachelor’s in nance and operations management, Boston University; JD, Brooklyn Law School

Since 2006 he’s been brewing specialty co ees at the chain of cafes named after, well, him. Today Gregorys Co ee has 36 locations across New York City, New Jersey, Connecticut and Washington, D.C.

ment banker himself.

“Back then, in the early 2000s, there weren’t good options for coffee except Starbucks or Dunkin’ Donuts,” he said. “I came up with the idea for Gregorys Co ee to disrupt the co ee industry.”

GREW UP Southern Brooklyn RESIDES Rye, Westchester County

Some of those cups have a sketch of Gregory Zamfotis’ face on them.

e pandemic has changed how most companies do business, and Gregorys is no exception.

After a summer working at Morgan Stanley, Zamfotis realized he wanted something di erent, so he went to Brooklyn Law School.

says he came up with the idea for his chain to “disrupt the coffee industry.”

scenery The glasses behind Gregorys Coffee expands his retail-location strategy GOTHAM GIGS

Zamfotis remembers helping his dad run the businesses, but he dreamed of becoming an invest-

“We had a business from the start just because we weren’t Starbucks,” said Zamfotis, the rm’s CEO.

He opened his rst location at 327 Park Ave. S., right across from the Credit Suisse headquarters.

“If you were in Manhattan in the 1980s or 1990s, they were those ubiquitous delis that sort of had everything,” he said.

ZAMFOTISGREGORYZAMFOTIS

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