Crains New York - June 25, 2012 - (Page 1)

CRAIN’S N E W Y O R K B U S I N E S S® VOL. XXVIII, NO. 26, 27 NEW SECTION! Lauren Bush Lauren takes on hunger and grows a business PAGES 45-47 WWW.CRAINSNEWYORK.COM DOUBLE ISSUE JUNE 25-JULY 8, 2012 PRICE: $3.00 Wall St. jobs grow, defying forecasts Surprising resilience, as employment rolls rise 2% in 12 months. Hot area: compliance BY DANIEL MASSEY AND AARON ELSTEIN ProShares, which creates securities traded by hedge fund managers and other sophisticated investors, was finding it difficult to persuade Wall Streeters to work at its headquarters in Bethesda, Md. So, on June 20, it opened its first office in New York. Only a handful of people are stationed at its 3,000-square-foot office on 400 Madison Ave.But Chief Executive Michael Sapir is keen to get his firm’s products in front of the city’s multitude of investment professionals and is eagerly seeking experienced sales staffers. “We’re in a sweet spot as a busiSee WALL STREET on Page 43 Chamber of horrors BY SHANE DIXON KAVANAUGH No business group in the city is as odd (or oddly managed) as the Greater New York Chamber When it comes to the Greater New York Chamber of Commerce and its chief, Mark Jaffe, business as usual is anything but. After years on the fringes of New York’s corporate community, Mr. Jaffe’s chamber has allied itself with unions and left-leaning organizations—the traditional adversaries of his fellow business associations, including two that let him go in decades past. Mr. Jaffe is sympathetic to mandatory paid sick days,for instance,and has come out swinging for bills to mandate a “living wage” to boost the minimum wage, to the delight of organized labor and liberal lawmakers,who have been trotting him out for press conferences and public hearings. See CHAMBER on Page 42 Memorial crowds spill over Sept. 11 site gives nearby cultural spots a much-needed boost BY MIRIAM KREININ SOUCCAR CONTROVERSIAL FIGURE: Mark Jaffe, head of the Greater New York Chamber of Commerce 50 INSIDE: 50 PROFILES OF THE NY AREA’S 50 FASTEST-GROWING PRIVATE COMPANIES Pages 17-38 NEWSPAPER More than 3 million people from 150 countries have made a pilgrimage to the National September 11 Memorial since it opened last September. And they haven’t stopped there. Since the memorial’s unveiling on the 10th anniversary of the terror attacks, business has been strong at other cultural destinations in lower Manhattan. Some institutions, such as the Museum of Jewish Heritage-A Living Memorial to the Holocaust, have welcomed roughly 20% more visitors from September to June over the yearSee MEMORIAL on Page 44 buck ennis http://WWW.CRAINSNEWYORK.COM

Table of Contents for the Digital Edition of Crains New York - June 25, 2012

Crains New York - June 25, 2012
Contents
In the Boroughs
In the Markets
The Insider
Business People
Alair Townsend
Greg David
Real Estate Deals
Crain’s Fast 50
For the Record
Classifieds
New York, New York
Source Lunch
Out and About

Crains New York - June 25, 2012