Crains New York - June 18, 2012 - (Page 1)

INSIDE FORTUNATE 100 Wall St.’s unsung $35 million chief exec PAGE 13 Where Jamie Dimon was right ® Greg David Page 11 Perks on parade: Why CBS’ Les Moonves got a $500,000 screening room PAGE 13 VOL. XXVIII, NO. 25 WWW.CRAINSNEWYORK.COM JUNE 18-24, 2012 PRICE: $3.00 Big investors are going bonkers for apartment buildings PAGE 23 Citigroup chases midsize NYC biz Bank’s growth seen in local companies with revenues beneath $500M BY AARON ELSTEIN Citigroup Inc., which describes itself as “the world’s most global bank,” is now thinking locally. The $2 trillion-in-assets colossus is making a major push to serve more small and midsize companies after devoting most of its energy over the decades to building itself into a worldwide bank to serve worldwide corporations. Underscoring its new direction, the bank last week put two veteran bankers in charge of building relationships with New York businesses that have less than $500 million in revenue—a number once deemed too small to pop up on Citi’s radar. “We want to take New York See CITIGROUP on Page 22 Why won’t the NYPD give up world’s priciest parking lot? THE INSIDER, PAGE 8 SHERMAN’S TANKS: The city’s cab king, with ownership stakes in nearly 200 taxi medallions, “bleeds yellow,” one industry colleague said. BUSINESS LIVES GOTHAM GIGS Pencil exec makes his mark P. 25 daniel byrne ● ANNE FISHER For small firms, Facebook is just too big P. 25 ● MOVERS & SHAKERS Aereo CEO sends cable TV a message P. 26 GAEL GREENE Calliope plays a French tune P. 27 ● INDEX NEW YORK, NEW YORK __________________________6 NEIGHBORHOOD JOURNAL _________________9 VIEWPOINT ___________________________________________________10 REAL ESTATE DEALS PLUS _______________12 SMALL BUSINESS ___________________________________17 CLASSIFIEDS ______________________________________________18 FOR THE RECORD ___________________________________21 THE WEEK ON THE WEB _____________________22 HOT JOBS ______________________________________________________25 ALL HAIL KING CAB Ron Sherman and his pals control 40% of NY’s taxis. And he’s driving the mayor up the wall BY JEREMY SMERD You don’t know Ron Sherman, but you’ve probably ridden in one of his yellow cabs. Chances are you’ve used his credit-card machines to pay for rides, too. The 52-year-old owns nearly 200 taxi medallions—the piece of aluminum attached to a cab that gives its owner the exclusive right to pick up street hails. Valued at more than $1 million each, the medallions are just a portion of Mr. Sherman’s business empire and only hint at his outsize influence in the highly insular and powerful taxi industry. See ALL HAIL on Page 23 Stealing paper profits Rash of cardboard thefts cuts holes in carters’ pockets BY SHANE DIXON KAVANAUGH Forget about manhole covers. A new crime wave is sweeping over city streets, and it’s costing the commercial carting industry millions of dollars: Thieves are making off with bundles of corrugated cardboard left at curbside for garbage pickup. “It’s like someone coming into your candy store and stealing all your bubble gum,” said Dominick Icantalupo, vice president of Chelsea Sanitation Service. “It’s terrible.” See CARDBOARD on Page 24 50 NEXT WEEK NEWSPAPER Crain’s profiles 50 of the area’s fastest-growing private firms FAST COMPANIES http://WWW.CRAINSNEWYORK.COM

Table of Contents for the Digital Edition of Crains New York - June 18, 2012

Crains New York - June 18, 2012
Contents
Ad Index
Why won’t the NYPD give up world’s priciest parking lot?
Wall St.’s unsung $35 million chief exec
Perks on parade: Why CBS’ Les Moonves got a $500,000 screening room
Big investors are going bonkers for apartment buildings
Pencil exec makes his mark
For small firms,Facebook is just too big
Aereo CEO sends cable TV a message
Calliope plays a French tune

Crains New York - June 18, 2012