Crains New York - February 11, 2013 - (Page 1)
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VOL. XXIX, NO. 6
PILGRIMS TO THE
PROMISED LAND
They come from afar
with a laptop and a
dream PAGE 25
As of Feb. 8 close.
Dow’s up, b jobs are down
but
Big banks sack
thousands even
as stocks return
to 2007 highs.
Here’s why
BY AARON ELSTEIN
With the stock market reaching its
highest levels since 2007, hiring is
showing signs of picking up again on
Wall Street—and raising hopes the industry’s long postcrash funk is at last
coming to an end.
LHOTAVISION
FROM CABLE
TO CITY HALL
Will Joe Lhota’s
business career hurt his
mayoral bid? Just the
opposite, he insists
PAGE 3
In the past week, small banks and
brokerages such as Guggenheim Securities and Oppenheimer & Co. have
announced significant new hirings,
while investment banking boutique
Cowen Group unveiled a merger that
will increase its head count by 16%.
“The industry’s restructuring is by
See DOW on Page 24
Super Bowl countdown begins
as NY, NJ prep for 2014 game
Back from Big Easy,
host committee has
challenges to tackle
BY LISA FICKENSCHER
NEWSPAPER
no means over, but most of it is done,”
said Richard Lipstein, a managing director at recruiter Gilbert Tweed International. “As it becomes more clear
what regulators will or won’t allow the
banks to do, bankers are starting to
prepare for new opportunities.”
There isn’t much that New York
Giants owner Jonathan Tisch
hasn’t experienced or seen at a
Super Bowl. He’s been to at least
XXIV in his life,but this year’s game
in New Orleans was different.
“We were there to learn, to incorporate ideas that will work for
New York and New Jersey—and we
have just 51 weeks in which to prepare,” said the Loews Hotels chairman and chief executive, who wears
many hats, including that of cochairman of the 2014 NY/NJ Super
Bowl Host Committee.
Mr. Tisch was hardly the only
New Yorker gathering intelligence
in New Orleans. Restaurateur
Danny Meyer paid a visit, as did a
posse of city officials representing
the New York Police Department,
the Transportation Department,
the Office of Citywide Event Coordination and Management, and the
city’s tourism agency, NYC &
Company, plus 16 staffers from the
host committee.
Mr. Meyer declined to share any
postgame commentary, save for a
statement through a spokeswoman:
“New Orleans did a great job.” But
his counterpart in the Crescent
See SUPER BOWL on Page 23
http://WWW.CRAINSNEWYORK.COM
Table of Contents for the Digital Edition of Crains New York - February 11, 2013
IN THE BOROUGHS
IN THE MARKETS
THE INSIDER
BUSINESS PEOPLE
CORPORATE LADDER
OPINION
GREG DAVID
REPORT: SMALL BUSINESS
THE LIST
CLASSIFIEDS
DIGITAL NY
FOR THE RECORD
NEW YORK, NEW YORK
SOURCE LUNCH
OUT AND ABOUT
SNAPS
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