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AT THE TOP NYC COMPANY PROFILES NYC 40



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Over 50? Two Area Firms Are Tops







To be eligible for this ranking by revenueof the 40 largest private companies in New York City, a company must have its headquarters in one of the five boroughs. Employment figures are companywide;if a local figure is given, it represents the company's employment in the city.



1.



NEW YORK LIFE INSURANCE COMPANY



51 Madison Ave., New York, 10010



212-576-7000



www.newyorklife.com



Revenue: $25.6 billion



Industry: Insurance



CEO: Sy Sternberg



Employees: 7,400







Though many financial firms suffered in the past year, New York Life had double-digit sales increases in its life insurance and asset management divisions. Life insurance sales in the United States grew by 41 percent. The jump preceded the Sept. 11 attacks, after which many people bought or added to their life insurance policies.



"When the market shifted down, people shifted from asset accumulation to asset protection," said spokeswoman Karen Finkston Payes.



Aided by the purchase of McMorgan & Co. last year, the firm's asset management business increased by 20 percent in 2001. New York Life offers annuities mutual funds, including its own family of MainStay funds.



In the coming year, New York Life plans to expand into China and Vietnam, adding to its current Asian operations in Hong Kong, Indonesia, South Korea, Taiwan and Thailand. Domestically, it plans to unveil its latest round of television and print advertising that focuses on the 157-year-old firm's stability and global expansion.







2.



TIAA-CREF



730 Third Ave., New York, 10017



212-490-9000



www.tiaa-cref.com



Revenue: $24.2 billion



Industry: Financial services



CEO: John H. Biggs



Employees: 6,500







In a year filled with corporate scandals, activist pension firm TIAA-CREF stepped up its efforts to spur better corporate governance at companies in which it invests. These include a major push to secure the right of shareholders to approve stock option plans, as well as efforts to encourage auditor independence.



"It is clear that dilution from stock option plans is a major concern for institutional and small investors," said senior vice president Peter C. Clapman.



TIAA-CREF, which stands for Teachers Insurance and Annuity Association-College Retirement Equities Fund, is one of the nation's largest private pension systems. It also offers mutual funds, life insurance and other financial services. It has more than $260 billion in assets under management.



The firm was hit hard by the stock market slide, with its revenue dropping to $24.1 billion, from $38.1 billion last year. To combat the slowdown in business, TIAA-CREF launched its first-ever branding campaign last fall in national magazines such as Fortune and Money, and in local publications and broadcast stations in Boston and Detroit. It is expanding the program this spring to Pittsburgh; Raleigh-Durham, N.C.; and Seattle. Using the tagline "Managing money for people with other things to think about," it hopes to extend its reach to state governments and K-12 schools.







3.



PRICEWATERHOUSECOOPERS LLP



1301 Avenue of the Americas, New York, 10019



646-471-4000



www.pwcglobal.com



Revenue: $22.3 billion



Industry: Accounting and consulting



CEO: Samuel A. DiPiazza Jr.



Employees: 160,000; local, 6,700







By the numbers, PricewaterhouseCoopers, or PwC for short, had a decent year. It had a 7.6 percent rise in global revenues for its fiscal year that ended June 30, 2001. In the United States, the accounting firm had revenues of $9.3 billion.



But there were some bumps along the way. PwC had planned to spin off its consulting unit in an initial public offering. Instead, it recently reached an agreement to sell the 30,000-employee unit to IBM Corp. for $3.5 billion in cash and stock. That deal is expected to close Sept. 30.



The sale comes amid heightened concern about the industry's ethics: Some critics see a conflict of interest if the same firm that audits a company's books is generating millions in fees by providing business consulting to firms.



In speeches and a recently published book titled "Building Public Trust: The Future of Corporate Reporting," PwC's chief executive, Samuel A. DiPiazza Jr., called on public companies to provide more relevant and reliable information to help restore the public's confidence in accounting.







4.



DELOITTE TOUCHE TOHMATSU



2 World Financial Center, New York,



10281



212-436-2000



www.deloitte.com



Revenue: $12.4 billion



Industry: Accounting and consulting



CEO: James E. Copeland Jr.



Employees: 95,000; 3,150 local







Global revenues for the accounting firm increased 10.7 percent for its fiscal year that ended May 31, 2001. In the United States, the company's revenues totaled $6.13 billion last year.



Deloitte & Touche, as the U.S. firm is commonly known, has made a commitment to have its headquarters in lower Manhattan as part of various incentives that New York has been offering to businesses. The firm began moving in to its offices in 2 World Financial Center on "tax day" - April 15 - and completed its relocation on Sept. 9.



In addition, the firm has been trying to institute its own set of reforms as part of the public debate about the direction of the accounting profession, said Bill Frieda, vice chairman of the U.S. firm. The firm is considering appointing a chief ethics officer, reevaluating its pay arrangements and has even suggested that the federal government appoint an accounting board to dissect failed companies. The firm separated its consulting practice into Deloitte Consulting in February.



"We're going to take a hard look at our internal policies and procedures and we're going to push for improvement in every way we can," Frieda said in an interview.



The firm has picked up about 224 clients as a result of the demise of Arthur Andersen. It also has acquired a number of former Andersen practices in other countries including the United Kingdom, Canada, the Netherlands and Spain.







5.



KPMG INTERNATIONAL



345 Park Ave., New York, 10154



212-909-5000



www.us.kpmg.com



Revenue: $11.7 billion



Industry: Accounting and consulting



CEO: Eugene D. O'Kelly



Employees: 103,000; local 2,079







Accounting and tax firm KPMG saw its worldwide revenues increase 9 percent for its fiscal year that ended Sept. 30, 2001; its American unit posted revenues last year of $3.4 billion. In previous years, KPMG had included revenues from its consulting division, but that unit became a public company in February 2001.



In the United States, KPMG has added many of Arthur Andersen's former partners and employees after the rival firm collapsed. KPMG said this summer that 27 former partners and 174 staff members that Andersen had based in New York City, Melville, Short Hills, N.J., and Stamford, Conn., had signed on.



In what is probably one of its more closely watched assignments, KPMG was hired to re-evaluate the books for troubled WorldCom Inc., which announced this summer that it had misstated more than $7 billion in profits in previous years.







6.



ERNST & YOUNG



5 Times Square, New York, 10036



212-773-3000



www.ey.com



Revenue: $9.9 billion



Industry: Accounting and consulting



CEO: Richard S. Bobrow



Employees: 84,000; local 5,000







In one of the biggest changes to the theater district's landscape, Ernst & Young moved into its new 37-story, 1.1-million-square-foot headquarters. The Times Square building is now home for 4,000 employees of the firm.



Ernst & Young has been one of the leading beneficiaries of the fallout from the problems that Arthur Andersen has faced in its role with scandal-ridden Enron Corp. Ernst & Young has picked up more than 200 former Andersen clients and has taken on 53 of 85 overseas practices of Andersen.



That could help bolster results at the firm, which saw worldwide revenues grow 7.2 percent for its fiscal year ended June 30, 2001. In the United States, the firm's revenues totaled $4.485 billion.







7.



TRUMP ORGANIZATION



725 Fifth Ave., New York, 10022



212-832-2000



www.trumponline.com



Revenue: $8.5 billion



Industry: Real estate, hotels, gaming



CEO: Donald Trump



Employees: 22,000; 2,000 local







Real estate developer Donald Trump is spreading his wings at home in Manhattan and further afield.



His Trump Organization, established in 1980 as the umbrella company for many of his real estate affiliates, has begun converting the former Delmonico Hotel on East 57th Street, acquired earlier this year, into luxury condos. His skyscraper condo project near the United Nations, Trump World Tower, is selling well.



Out of town, Trump has lent his name and invested his money in a venture with Florida developers Michael and Gil Dezer to build high-rise condos and a hotel in Sunny Isle. In Chicago, the developer has teamed with the owner of the Sun-Times newspaper to build an 86-floor office and residential complex called Trump Tower Chicago.



Meanwhile, Trump, who already has golf courses in Palm Beach, Fla., and Westchester, recently bought the 260-acre Ocean Trails golf course in Rancho Palos Verdes, Calif., outside Los Angeles. The cliff-top, bankrupt course - which lost three holes to the Pacific Ocean in 1999 - has lots for 75 homes.







8.



THE HEARST CORP.



959 Eighth Ave., New York, 10019



212-649-2000



www.hearst.com



Revenue: $4.3 billion



Industry: Media



CEO: Victor F. Ganzi



Employees: 18,300







A dearth of advertising because of the U.S. recession led this publisher in January to close one of its most ambitious projects: Talk magazine. The joint venture with moviemaker Miramax Films reportedly lost $54 million over two years.



Editor Tina Brown blamed the closure on the Sept. 11 terrorist attacks, saying: "Unfortunately, we simply had to be realistic about the fact that 2001 and 2002 to date represent the worst period in memory for general interest magazines."



The Hearst Corp., controlled by its namesake family, also cut several hundred jobs and eliminated an afternoon edition of its San Francisco Chronicle, the flagship of its 12 daily newspapers.



Still, the publisher hasn't dropped plans to expand its headquarters near Manhattan's Columbus Circle and to launch a magazine based on the Lifetime cable television channel that it owns with Walt Disney Co. Hearst also has stakes in the ESPN and A&E channels.



The company publishes such leading magazines as Cosmopolitan, Redbook and O, the Oprah Magazine. In May, it purchased Veranda for an undisclosed amount.







9.



ADVANCE PUBLICATIONS INC.



950 Fingerboard Rd., Staten Island,



10305



718-981-1234



www.advance.net



Revenue: $4 billion



CEO: Samuel I. Newhouse Jr.



Employees: 23,000







This publishing giant was hit hard by the advertising drought caused by a prolonged U.S. recession and the Sept. 11 terrorist attacks. It closed 66-year- old Mademoiselle magazine and nearly shuttered the 135-year-old Jersey (N.J.) Journal until several unions agreed to job cuts.



"It's been a tough year on the advertising front. ... The events of Sept. 11 made [ad sales] even more difficult and we had to cut it," spokeswoman Maurie Perl said, referring to the Mademoiselle shutdown.



Still, Advance remains the No. 2 magazine publisher with GQ, Vanity Fair, The New Yorker and other titles under its Conde Nast division. It owns Women's Wear Daily and 25 daily newspapers, including the Staten Island Advance, The Star-Ledger in Newark, N.J., and The Plain Dealer of Cleveland. Advance also has a stake in cable television in partnership with AOL Time Warner.



In early 2002, Advance purchased Modern Bride magazine for $52 million and Hemmings Motor News, which now is part of a unit that publishes about 40 business news weeklies.



Advance, which is controlled by the Newhouse family, plans next year to unveil a teen version of its popular Vogue magazine with an initial circulation of 450,000 copies.







10.



LEFRAK ORGANIZATION



9777 Queens Blvd., Rego Park, 11374



718-459-9021



www.lefrak.com



Revenue: $3.8 billion



Industry: Real estate development, oil and natural gas, and entertainment



CEO: Samuel J. LeFrak



Employees: 16,200; local 2,500







This diversified real estate company, among the largest based in Queens, is profiled in the Queens Top 25.







11.



CONTIGROUP COS.



277 Park Ave., New York, 10172



212-207-5100



www.contigroup.com



Revenue: $3.3 billion



Industry: Poultry and pork production;



cattle feeding



CEO: Paul J. Fribourg



Employees: 14,500; local, 60







An integrated poultry and pork producer and cattle feeder, ContiGroup Cos. operated as Continental Grain Co. in the United States from 1921 until 1999, when it sold its commodity marketing business and turned its primary focus to meat proteins.



The company's international operations include a range of animal feed and meat processing plants in Latin America and China.



Recently, ContiGroup's Wayne Farms poultry business teamed up with the U.S. Department of Agriculture to develop a product that reduces the incidence of salmonella in poultry, which a company spokesman says promises to make an important contribution to food safety in the industry.







11.



MCKINSEY & CO.



55 E. 52nd St., New York, 10022



212-446-7000



www.mckinsey.com



Revenue: $3.3 billion



Industry: Management consulting



CEO: Managing director: Rajat Gupta



Employees: 12,000 worldwide, 750 in New York







One client that this high-end consulting firm may wish it had turned away is Enron. McKinsey has a client roster of top businesses that includes about 60 percent of the Global 500. Nevertheless, it found itself critically profiled in both Business Week and the New Yorker for its work with Enron in areas such as strategy and human resources. McKinsey is known for its "War for Talent" research and advice, which focuses on hiring and rewarding top performers, which Enron took to heart.



"McKinsey did not advise Enron on its financial structuring or reporting, nor did we create Enron's culture," said Andrew Giangola, a spokesman for McKinsey.



The firm has plenty of high-profile clients left, including Delta, the German conglomerate Siemens Corp. and Johnson & Johnson. McKinsey was even called in by both the New York City police and fire departments to assess performance on Sept. 11, which the firm did on a pro bono basis. In the past year, the New York office has dedicated hundreds of hours to the help the city rebuild and recover.







13.



ROSENTHAL & ROSENTHAL



1370 Broadway, New York, 10018



212-356-1400



www.rosenthalinc.com



Revenue: $2.9 billion



Industry: Factoring and finance



CEO: Stephen J. Rosenthal



Employees: 225







Lowered interest rates continue to squeeze profits at Rosenthal & Rosenthal, which lends money to merchants by using their receivables as security. Recent efforts to expand into car and limousine services and office cleaning have achieved "mild success," according to chief financial officer Robert Prizor.



The company's core business remains in apparel and textiles. Trouble at Kmart and Ames - the former is in bankruptcy and the latter is going out of business - has trickled down through Rosenthal's manufacturing and wholesale clients. "It affects us from a volume point of view," Prizor said. "We took losses. Our clients took losses. ... We just hope there aren't any more lurking out there."







14.



BLOOMBERG LP



499 Park Ave., New York, 10022



212-318-2000



www.bloomberg.com



Revenue: $2.8 billion



CEO: Lex Fenwick



Employees: 8,200; local, 3,120







Its founder and namesake now may be mayor of New York City, but this financial media company continues to pursue an aggressive expansion strategy.



Bloomberg LP has added more radio and television stations to its broadcasting operations. In August, it reached a first-ever agreement with The International Herald Tribune to produce a four-page section of business news for the paper's Asian editions.



Approximately 170,000 Bloomberg terminals are used in stock brokerages and newsrooms around the globe, up from 150,000 two years ago. The terminals provide up-to-the-minute prices and analytical data on stocks, bonds and financial instruments, as well as news and other information.



The company hopes to move into a new headquarters building in 2004, located on the former site of Alexander's department store in Manhattan's Upper East Side neighborhood. The company also wants to expand its operations in Princeton, N.J.



Founder Michael Bloomberg relinquished the jobs of chief executive and chairman of the board of directors when he made his bid for elective office. However, he still owns 72 percent of the company with 20 percent more held by Merrill Lynch.



To be eligible for this ranking by revenue of the 40 largest private companies in New York City, a company must have its headquarters in one of the five boroughs. Employment figures are companywide;



if a local figure is given, it represents



the company's employment in the city.



15.



TRANSAMMONIA INC.



350 Park Ave., New York,



10022



212-223-3200



www.transammonia.com



Revenue: $2.5 billion



Industry: Fertilizer, liquefied



petroleum, gas and



petrochemicals



CEO: Ronald P. Stanton



Employees: 215







Formed in 1965, Transammonia is one of the largest traders of fertilizer, petroleum gas and petrochemicals in the world. The company moves about 2.3 million tons of ammonia around the globe each year, and shipped 300,000 metric tons of liquefied petroleum gas in 2001.



In May, this company signed a "take-or-pay" agreement with the Bahwan Trading Co., a Sohar, Oman-based company that produces urea, an ingredient in fertilizers. The company said it would ship all 3,500 metric tons of urea Bahwan produces each day.



Trammo Petroleum Inc. is among the latest additions to Transammonia's stable. The subsidiary began work in March, opening a new crude oil operation in Houston. In June, the company scooped up the West Coast refined products marketing business of EOTT Energy Partners, a unit of the embattled Enron Corp.







16.



MACANDREWS & FORBES



HOLDINGS



35 E. 62nd St., New York,



10021



212-572-8600



www.revlon.com



Revenue: $2.4 billion



Industry: Holding company for cosmetics (Revlon), financial services (Golden State Bancorp) and cameras (Panavision)



CEO: Ronald O. Perelman



Employees: 20,075







It has been a mixed year for Ronald Perelman, who uses MacAndrews & Forbes to make investments in a number of companies. After more than two years of litigation with investors in M&F Worldwide Inc., a licorice supplier he controls, Perelman canceled a plan to sell to M&F his stake in Panavision Inc., a movie camera maker, for $128 million. The stock of Revlon Inc., meanwhile, has lost more than half its value because of a string of quarterly losses, and Moody's Investors Service has cut some of Revlon's debt ratings.



In May, however, Citigroup Inc. agreed to buy Golden State Bancorp, in which Perelman owns a 31 percent stake, for $4.9 billion. Perelman and other investors will get a combination of Citigroup shares and cash for their Golden State stock, and Perelman will become one of Citi's larger shareholders.







17.



RED APPLE GROUP



823 11th Ave., New York, 10019



212-956-5803



www.jacny.com



Revenue: $2.2 billion



Industry: Food retailing



CEO: John Catsimatidis



Employees: 5,000; local, 1,200







When Al Gore came to solicit New York City donors in July, he hosted the fund-raiser in the Fifth Avenue apartment of John Catsimatidis, Red Apple Group's chairman and chief executive.



Catsimatidis purchased his first supermarket while still a college student. He has built Red Apple into a company that also operates a real estate division and owns United Refining, which supplies oil to 350 KwikFill gas stations upstate and in Pennsylvania and Ohio.



Catsimatidis is majority owner of the publicly traded Gristede's Foods Inc., which operates 50 supermarkets in Manhattan, Westchester and Long Island.



Despite losing its bid to purchase Kings Super Markets, Gristede's still plans to expand into New Jersey.



18.



STRUCTURE TONE INC.



15 E. 26th St., New York, 10010



212-481-6100



www.structuretone.com



Revenue: $2.1 billion



Industry: Construction management,



general contracting



CEO: Anthony Carvette



Employees: 1,000 plus







When the Federal Reserve Bank of New York decided to place a 22,000-square-foot training center on the 10th floor of its headquarters in lower Manhattan late last year, the bank turned to Structure Tone to do the prestigious job.



The company performs both interior and exterior construction management services for a mixture of big-name clients, including Bloomberg, Merrill Lynch and various Fortune 500 companies. It also provides design consulting for financial service centers, hotels, research facilities and commercial office spaces.



Structure Tone did a great deal of work in Boston in the past year, providing construction consulting for a Virgin Megastore, along with projects at FAO Schwarz and the Harvard Club. Founded in 1971, the company is one of the largest interior construction companies in the world, with offices in 11 U.S. cities.







19.



KINRAY INC.



152-35 10th Ave., Whitestone, 11357



800-854-6729, 718-767-1234



www.kinray.com



Revenue: $2.05 billion



Industry: Distributor of pharmaceuticals, medical and beauty care products



CEO: Stewart Rahr



Employees: 600







This distributor of drugs, health and beauty items is profiled in the Queens Top 25.







20.



ICC INDUSTRIES INC.



460 Park Ave., New York, 10022



212-521-1700



www.iccchem.com



Revenue: $2 billion



Industry: Chemical manufacturing



CEO: John Farber



Employees: 2,000







If you have ever bought something containing acetone, glucosamine, or polypropylene, you have likely done business with ICC Industries. Founded in 1950, the company makes a variety of chemicals and plastics, and supplies pharmaceutical companies with raw materials for drugs.



Two deals changed the structure of the company this year. In March, ICC subsidiary Electrochemical Industries, an Israeli plastics company, said it was delisting from the American Stock Exchange. The company said the move would reduce costs. After delisting, Electrochemical said it would cease filing financial statements with the SEC. ICC also increased its ownership in Pharmaceutical Formulations, a New Jersey maker of over-the-counter drugs sold as store brands. PFI agreed to convert its debt to ICC into common stock, increasing ICC's stake in this publicly traded company to 87 percent.



The company has acquired similar businesses around the world. Subsidiaries include Dover Chemical, ICC Trading, Primex Plastics, O'Neil Color & Compounding, Pharmaceutical Formulations and Electrochemical Industries. Its offices operate in locations ranging from Bombay to Israel to Milan.







21.



RENCO GROUP INC.



30 Rockefeller Plaza, New York, 10112



212-541-6000



Revenue: $1.9 billion



Industry: Steel, coal and vehicles



CEO: Ira Rennert



Employees: NA







Renco Group is listed among the U.S. Defense Department's top contractors. The holding company has a number of subsidiaries, including AM General, which manufactures the Humvee for the military and the Hummer for civilians; coal miner Rencoal; Doe Run, North America's largest fully integrated lead producer, and Consolidated Sewing Machine.



Established in 1980, Renco Group is owned by Ira Rennert, whose Long Island home is said to be double the size of the White House, with 29 bedrooms and 42 bathrooms, according to Hoover's Inc.







22.



TISHMAN REALTY & CONSTRUCTION CO.



666 Fifth Ave., New York, 10103



212-399-3600



www.tishman.com



Revenue: $1.64 billion



Industry: Construction management, real estate development and management



CEO: Daniel Tishman



Employees: 800; local, 450







Tishman, best known for managing the construction of some of America's best-known buildings for other people, is close to finishing a highly visible project of its own.



The company, which built the World Trade Center, spearheaded the recovery effort after the Sept. 11 attacks and is managing the construction of a new 7 World Trade Center. On Oct. 16, it will open the 863-room Westin New York at Times Square hotel at Eighth Avenue and West 43rd Street, adjacent to its E Walk restaurant-entertainment-retail mall.



Tishman's realty unit owns eight hotels in the United States and the Caribbean, and its hotel unit provides a range of services to 160 hotels. The parent company, founded in 1898 to develop tenements on the Lower East Side, has become a leading developer, building, property broker and real estate manager.







23



TOWERS PERRIN



335 Madison Ave., New York, 212-309-3400



www.towersperrin.com



Revenue: $1.47 billion



Employees: 9,000; 660 in New York







One expected growth area for this firm, which has 78 offices in 23 countries, is consulting with employers on how to maintain health-care costs. Indeed, the firm's Web site features tips and information sections on both health care and retirement issues.



Among its services: help with change management, communication, executive and sales compensation, M&A and restructuring, and retirement services.



Towers Perrin has just formed the FutureWork Institute, a research and advisory group, to focus on emerging demographic, technological and generational issues. It will provide consulting in areas such as diversity, workplace flexibility and the workplace of the future.



24.



PARSONS BRINCKERHOFF



1 Penn Plaza, New York, 10119



212-465-5000



www.pbworld.com



Revenue: $1.35 billion



Industry: Engineering and construction



CEO: Thomas J. O'Neill



Employees: 9,500







From highways and subways to bridges and tunnels, Parsons Brinckerhoff specializes in providing engineering and construction services to keep transportation systems safe and modern.



This year, the firm has been especially busy in New York, providing consulting for the rebuilding of the Nos. 1 and 9 World Trade Center subway stations and working with the Port Authority on an array of 9/11 reconstruction projects. The company is also working closely with the Port Authority on Air Train, a rail link between Kennedy Airport and the Long Island Rail Road's Jamaica terminal. Overseas, the company won a contract to overhaul electrical and telecommunications infrastructures in Bosnia and Herzegovina.



According to chairman Bob Prieto, Parsons Brinckerhoff will continue to increase its staff and revenue steadily by 10 to 15 percent each year for the foreseeable future. The company was founded in 1885 and designed New York City's original subway.







25.



SF HOLDINGS GROUP



373 Park Ave. S., New York, 10016



212-779-7448



www.sweetheart.com



Revenue: $1.32 billion



Industry: Disposable cups, utensils



and food packaging



CEO: Dennis Mehiel



Employees: 8,000







SF Holdings is less anonymous than it sounds. It owns Sweetheart Cup Co., and it makes disposable paper and plastic cups, plates, cutlery and food packaging through a variety of subsidiaries. Sweetheart accounts for nearly 75 percent of sales and primarily sells to institutional food service customers such as restaurant chains, school and office cafeterias, and airlines.



Another subsidiary, The Fonda Group, also sells to institutional customers, along with supermarkets and warehouse clubs. In total, the company has 36 manufacturing facilities in North America.



What's more, chairman and chief executive Dennis Mehiel, who owns about 72 percent of the company, is running on the Democratic ticket for lieutenant governor with candidate Carl McCall. The election is Nov. 5.







26.



BARNES & NOBLE COLLEGE BOOKSTORES



33 E. 17th St., New York, 10003



212-539-2000



www.bkstore.com



Revenue: $1.2 billion



Industry: College bookstores



CEO: Max Roberts



Employees: 6,000







Textbooks are flying off the shelves at Barnes & Noble College Bookstores across the country. The chain added 46 stores last year, including one at Bronx Community College.



Barnes & Noble College Bookstores is the sister company of Barnes & Noble Inc., the book superstore chain. The two companies are legally separate but have a close relationship, often sharing suppliers and facilities and swapping executives. Leonard Riggio, the owner of B&N College, is also chairman and principal stockholder of the superstore chain. Similarly, Riggio is chairman and a principal stockholder of wholesaler MBS Textbooks Exchange, which helps B&N College stores offer students used texts at cheaper prices.



B&N College manages 450 college bookstores across the country, including those at Harvard, Columbia, St. John's and Fordham. It typically opens 15 to 20 stores a year. Of the stores added last year, 23 were acquired from Wallace's Bookstores, which was liquidated after filing for bankruptcy in early 2001.



"College enrollments are growing, and our business is consequently getting larger," said marketing director Stan Frank. He added that B&N College Bookstores' sales at existing stores continue to improve, and that revisions to individual university store Web sites have allowed students to reserve books before school.



27.



SKADDEN, ARPS, SLATE, MEAGHER



AND FLOM LLP



4 Times Square, New York, 10036



212-735-3000



www.skadden.com



Revenue: $1.155 billion



Industry: Law firm



CEO: Robert C. Sheehan



Employees: 3800 total, 1675 attorneys







When IBM acquired consulting firm PwC for $3.5 billion in July, the company's officials called on the lawyers of Skadden Arps to make sure the deal was done.



With 1,675 attorneys, Skadden Arps is one of the largest law firms in the world. The company has established a robust corporate restructuring and bankruptcy practice in recent years as its traditionally strong mergers and acquisitions business has dwindled with the economy. "For being in the middle of a recession, business has held up remarkably well," said Robert Sheehan, the firm's executive partner. He added that the firm has been busy counseling several clients through recent SEC and congressional investigations.



Skadden Arps has continued to expand its European practice over the past year, growing its London office to 70 attorneys. The firm does business all over the world, from Paris to Sydney to Hong Kong.







28.



GOULD PAPER CO.



11 Madison Ave., New York, 10010



212-301-0000



www.gouldpaper.com



Revenue: $1.1 billion



Industry: Paper distribution



CEO: Harry Gould Jr.



Employees: 500







Despite the dwindling number of pages being printed in newspapers and magazines these days, Gould Paper continues to grow. The company's revenue jumped 35 percent last year, ranking it as the third-largest distributor.



Company president Harry Gould Jr. said most of the company's recent growth was the result of the Gould's acquisition of three WWF Paper Company distribution plants, two in the United States and one in Europe. He added that the company's revenue would continue to grow steadily, given Gould's ability to gradually increase its market share year after year. Its customers include commercial printers, book and magazine publishers, and the fine arts community.



But while business has been "healthy," Gould says his company is always vulnerable as a distributor. "We live in the worst of all worlds because we feel price pressures from both suppliers and customers," he said.



Paper prices have dwindled in recent months, but Gould said industry-imposed price increases are expected in September and October. If the raise sticks, it could benefit both suppliers and distributors.







29.



CANTOR FITZGERALD LLP



135 East 57th Street, New York, 10022



212-938-5000



www.cantor.com



Revenue: $1 billion



Industry: Financial services



CEO: Howard W. Lutnick



Employees: 900; local, 250







Cantor Fitzgerald LLP, a rough-and-tumble bond trading firm, is now better known for the 658 employees lost on Sept. 11 than the business it's in.



The firm buys and sells bonds - historically through the use of salesmen who sit in front of computer screens in rows - and shout down phones. But many of Cantor's Sept. 11 victims, who worked the phones, were not replaced as Cantor Fitzgerald moves toward online trading.



Cantor owns a 55 percent stake in the publicly traded ESpeed Inc., an online trading company. Cantor has been steering more of its telephone business to ESpeed in recent years, analysts said.



Between the Cantor and ESpeed, the operation maintains markets a variety of products from U.S. Treasury futures, repurchase agreements, interest rate swaps to foreign exchange.



The firm was founded in 1947 by Bernie Cantor, who revolutionized bond trading in 1972 by coming up with idea of distributing bond prices electronically.



Howard Lutnick took control of the company in 1996, when Bernie Cantor died.







29



HELMSLEY ENTERPRISES



230 Park Ave., New York, 10169



212-679-3600



www.helmsleyhotels.com



Revenue: $1 billion



Industry: Real estate, hotels



CEO: Leona Helmsley



Employees: 4,000







The opening page to her hotel business Web site states bluntly: "Say what you will, she runs a helluva hotel." But nowhere does Leona Helmsely's name appear on the site - you can e-mail a letter to "You know who." Her spokesman, Howard Rubenstein, says, "She's quiet. She's trying to disappear."



Helmsley, who inherited the real estate created by her late husband, Harry, got plenty of bad publicity in 2001. Her former chief operating officer sued Helmsley for $10 million, charging that the self-styled hotel queen illegally fired him because he's gay. The case was settled, but the executive subsequently sued her for libel and defamation. That case is pending.



Helmsley's holdings include a stake in the Empire State Building, six Manhattan hotels and partnership interests in dozens of other properties. "She's sold a few properties in the past year," said Rubenstein, declining to give details.



22.



M. FABRIKANT & SONS



1 Rockefeller Plaza, 28th Floor,



New York, 10020



212-757-0790



www.fabrikant.com



Revenue: $1 billion



Industry: Diamond and jewelry



wholesaling



CEO: Matthew Fortgang



Employees: 800







Founded in 1895 as a loose diamond wholesaler, family-owned M. Fabrikant & Sons is one of the oldest jewelry companies in the world and among the largest diamond wholesalers in the United States. Each year, the company buys and processes more than 350,000 ounces of gold - nearly 11 tons - and sells more than 1.6 million carats of diamonds. International operations include 20 companies located in 10 countries.







32.



INTEGRA REALTY RESOURCES INC.



3 Park Ave., 39th Floor, New York, 10016



212-255-7858



www.irr.com



Revenue: $989 million



Industry: Real estate valuation



CEO: Raymond Cirz



Employees: 600







Last year, Integra Realty Resources appraised the 99-year lease of the World Trade Center. This year, the company is taking advantage of investors' flight from stocks into the relative stability of real estate.



"The irony of our business is that times of economic downturn are better for us," says company president Sean Hutchinson. With 50 offices nationwide, the company known as IRR has begun expanding internationally with offices in Mexico and Canada. A recent alliance with firms in the European Union reflects the company's intentions to go global. "We've gone from being a domestic commercial real estate valuation firm to being an international property economics consulting firm," Hutchinson says.







33.



ROYSTER-CLARK INC.



600 Fifth Ave., 25th Floor, New York, 10020



212-332-2965



www.roysterclark.com



Revenue: $953.8 million



Industry: Crop fertilizers and seeds



CEO: Francis P. Jenkins Jr.



Employees: 3,100







Despite years of bad weather and tough markets in the agriculture industry, this fertilizer and seed company managed to post a small gain in sales and operating income in 2001. Nevertheless, the net loss nearly doubled to $8.88 million, and the company candidly says it was disappointed.



"It is virtually impossible to control bad weather," said chief financial officer Paul Murphy, who added the company spreads its weather-related risk by doing business in as many geographic areas as possible.



The company's ability to do as well as it did can be attributed to, in part, the highly seasonal nature of its business. Roughly 70 percent of Royster-Clark revenue is earned in its springtime second quarter, when farmers traditionally stock up on supplies and equipment. Most of the weather-related problems farmers face occur during the summer months.











34.



WATCHTOWER BIBLE & TRACT SOCIETY



OF NEW YORK



25 Columbia Heights, Brooklyn, 11201



718-560-5000



www.watchtower.org



Revenue: $951 million



Industry: Publishing



President: Don Adams



Employees: 3,181 in Brooklyn (volunteers)







There's no need to stop the presses at the Watchtower Bible & Tract Society of New York now that the Supreme Court has upheld the constitutional right of Jehovah's Witnesses to continue their door-to-door ministry.



"We were very pleased with the decision," said spokesman J.R. Brown, adding that while Jehovah's Witnesses "don't need any government to authenticate this work ... it is comforting to know that this primitive version of Christianity is still validated."



The society publishes 24 million copies of "Watchtower" and 21 million copies of "Awake" to supply more than 6 million Jehovah's Witnesses.







35.



DYSON-KISSNER-MORAN CORP.



565 Fifth Ave., New York, 10017



212-661-4600



www.dkmcorp.com



Revenue: $850 million



Industry: Investing



CEO: Robert R. Dyson



Employees: 4000







Dyson-Kissner-Moran invests in an array of businesses, holding stakes in everything from an electronic sensor manufacturer (Optek Sensor Group) to a do- it-yourself crafts distributor (Plaid Creative Group).



The holding company tends to acquire companies that have a significant position in their specific industry. DKM officers recently invested in Community Connect, which specializes in creating Internet communities. The company is responsible for the creation of BlackPlanet.com, now one of the 10 most-visited Web sites, along with AsianAvenue.com and MiGente.com.



The company, founded by Charles Dyson in 1954, remains a family business. His son, Robert, is chairman and chief executive. Robert Dyson did not return phone calls for comment.







36.



DEPOSITORY TRUST



AND CLEARING CORP.



55 Water St., New York,



10041



212-855-1000



www.dtcc.com



Revenue: $818 million



Industry: Securities



CEO: Jill M. Considine



Employees: 2,850







As the world's largest securities depository and clearinghouse, Depository Trust and Clearing Corp. clears and settles about $2 trillion each day. In 2001, it processed a total of 3.5 billion transactions valued at a total of $250 trillion. This year's numbers will be significantly higher with the addition of three subsidiaries: Government Securities Clearing Corp., MBS Clearing Corp. and Emerging Markets Clearing Corp.



Depository Trust, a nonprofit formed as a utility by the securities industry by integrating National Securities Clearing Corp. with The Depository Trust Co., now handles all U.S. transactions including stocks, corporate, municipal and government bonds, as well as mortgage-backed securities.







37.



CHARMER INDUSTRIES



19-50 48th St., Astoria, 11105



718-726-2500



www.charmer.com



Revenue: $790 million



Industry: Wholesale liquor distribution



CEO: Herman Merinoff



Employees: 1,000







Details of this wine and spirits distributor can be found in the Top 25 Queens companies.







38.



J. CREW GROUP INC.



770 Broadway, New York, 10003



212-209-2500



www.jcrew.com



Revenue: $778 million



Industry: Sportswear retailing



CEO: Ken Pilot



Employees: 6,586







J. Crew Group, makers of sports and casual wear, began as a catalog retailer but now gets the bulk of its sales from a growing chain of stores. Though retail is key to the company's current growth, it crossed a threshold this year when Web sales surpassed catalog sales. On May 1, the company announced the departure "by mutual agreement" of chief executive Mark Sarvary and layoffs of 20 percent of its Manhattan headquarters staff. Sarvary's replacement, Ken Pilot, former president of Gap International, joined J. Crew in early September.







39.



HORSEHEAD INDUSTRIES INC.



110 E. 59th St., New York, 10022



212-527-3000



www.horseheadinc.com



Revenue: $765 million



Industry: Zinc mining and manufacturing, environmental consulting



CEO: William Flaherty



Employees: 850







Horsehead Industries Inc. filed for Chapter 11 bankruptcy in August, a victim of plunging demand and prices for zinc. According to bankruptcy documents filed in Manhattan, the company failed to meet its loan obligations to J.P. Morgan Chase & Co. after worldwide zinc prices dropped to their lowest levels in more than 100 years.



What's more, Horsehead recently began to pay for the environmental cleanup of the area around its plant in Palmerton, Pa., which the Evironmental Protection Agency found was contaminated with hazardous zinc, copper and lead. Since taking over the site from Viacom in 1981, Horsehead has processed electric arc furnace dust and other zinc-containing material at the facility.



Horsehead Industries operates four subsidiaries: Horsehead Resource Development, Zinc Corp. of America, Sterling Resources and ZCA Mines. Combined, the company is the largest zinc producer in the United States, with $200 million in revenue. Its bankruptcy petition listed assets at $215.6 million and its liabilities at $231.2 million.







40.



PEERLESS IMPORTERS INC.



16 Bridgewater St., Brooklyn, 11222



718-383-5500



www.peerimp.com



Revenue: $700 million



Industry: Wine and spirits distribution



CEO: John Magliocco



Employees: 1,200







Almost all of Peerless' assets are liquid. The company is a distributor of wines and spirits across New York and Connecticut.



Founded in 1943 and run by the Magliocco family, Peerless imports wines from Australia, Chile and Western Europe. Its catalog also includes a variety of spirits, including brandy, gin, rum, Scotch and vodka.



Peerless recently became the exclusive distributor of Diageo and Schieffelin & Somerset products -- including Johnnie Walker, Smirnoff, Captain Walker, and Dom Perignon - in New York. Chairman Anthony Magliocco Jr. said the deal would provide efficiency and better service to customers. Copyright © 2002, Newsday, Inc.

