Board of Directors
JOHN C. WHITEHEAD
John C. Whitehead was born in Evanston, Illinois.
He grew up in Montclair, New Jersey, attended public
schools there and graduated from Montclair High School.
He lived in nearby Essex Fells until 1985 and has
resided in Manhattan for the past 12 years.
Mr. Whitehead graduated from Haverford College in
1943, and served in the U.S. Navy, participating in
the invasions of Normandy, Southern France, Iwo Jima
and Okinawa. While in the Navy, Mr. Whitehead
was assigned as an Instructor at the Harvard Business
School. He received his M.B.A. degree, with
distinction, from Harvard in 1947 and holds honorary
degrees from Haverford, Pace, Rutgers, Amherst, and
Mr. Whitehead began his professional career in 1947
at Goldman, Sachs & Co., where he worked for 38
years. He rose quickly within the company and
was named Partner in 1956, and Co-Chairman and Senior
Partner in 1976. He has served on the board
of numerous companies, and as a Director of the New
York Stock Exchange, and Chairman of the Securities
In April 1985, Mr. Whitehead was asked to become Deputy
Secretary of State, second-in-command to Secretary
George Shultz, and served until January 1989.
During this period, he was Acting Secretary of State
when Mr. Shultz was away from Washington and took
a special interest in relations with Eastern Europe,
the United Nations, and with various administrative
reforms in the State Department. Mr. Whitehead
was awarded the Presidential Citizens Medal by President
Since returning from Washington in 1989, he has been
active in a number of educational, civic and charitable
organizations. He is a former Chairman of the
Board of the Federal Reserve Bank of New York, the
United Nations Association, the International Rescue
Committee, the Greater New York Councils of the Boy
Scouts, International House, The Andrew W. Mellon
Foundation, the Harvard Board of Overseers, Haverford
College, and the Asia Society (not all at the same
time). He is also now a Director of the Nature
Conservancy, Lincoln Center Theater, the East-West
Institute and the Eisenhower Exchange Fellowships,
and a former Director of Rockefeller University, the
J. Paul Getty Trust, Outward Bound, and the National
Humanities Center. In Washington, Mr. Whitehead
is Chairman Emeritus of the Brookings Institution
and the Trustees Council of the National Gallery of
In late 2001, he was appointed by Governor Pataki
to chair the Board of the Lower Manhattan Development
ROLAND W. BETTS
Roland W. Betts (Yale ’68) is Chairman and founder
of Chelsea Piers, L.P. which has developed and operates
the Chelsea Piers Sports and Entertainment Complex
in New York City. Chelsea Piers is the second
most visited site in New York City with 4.1 million
visitors in 2001.
Mr. Betts is founder and President of Silver Screen
Management, Inc., which raised more than $1 billion
in four limited partnerships from 140,000 investors
to finance and produce over 75 films with the Walt
Disney Company. Films include "Beauty and
the Beast," "Pretty Woman," "The
Little Mermaid," and "Three Men and a Baby."
Additionally, Mr. Betts is the President of International
Film Investors, Inc., which produced and financed
numerous films including, "Gandhi" and "The
Killing Fields." Mr. Betts is responsible
for the financing of approximately 100 feature films.
For nine years, Mr. Betts was lead owner of the
Texas Rangers Baseball Club. The Texas Rangers
were purchased in 1989 by a group of investors assembled
by Mr. Betts and President George W. Bush.
In 1968, after graduating from Yale, Mr. Betts taught
school at I.S. 201 in Central Harlem and trained teachers
as part of a not-for-profit corporation called The
Teachers Incorporated. Mr. Betts remained in
public education as a teacher and assistant principal
until 1975. Mr. Betts wrote Acting Out: Coping
with Big City Schools, a book published by Little
Brown in 1978 which explores his experiences in the
public school system.
After graduating from Columbia Law School in 1978,
Mr. Betts practiced law in the entertainment department
at Paul, Weiss, Rifkind, Wharton & Garrison until
leaving to finance movies and eventually to pursue
his many interests in the worlds of sports and entertainment.
Throughout his career, Mr. Betts has served as a
Trustee with a wide variety of organizations.
Today, Mr. Betts is a member of the United States
Olympic Committee and a Trustee of the American Museum
of Natural History, Memorial Sloan-Kettering Cancer
Center, Columbia University Law School, the Georgia
O’Keeffe Museum and a Fellow of the Yale Corporation.
Mr. Betts has recently been named a Director of the
Lower Manhattan Redevelopment Corp which is charged
with rebuilding the World Trade Center Site.
Roland and Lois Betts will celebrate their 30th
wedding anniversary this year. They have two
daughters, Margaret (Princeton ’99) and Jessica (Yale
PAUL A. CROTTY
Paul A. Crotty is Verizon Communications' Group
President for Public Policy and External Affairs-New
York/Connecticut. Mr. Crotty is responsible
for executive and legislative relations and regulatory
affairs in those two states in which Verizon has over
12,000,000 telephone lines, serving business and residential
customers. Mr. Crotty played a significant role
in leading Verizon’s demonstration to the New York
Public Service Commission that the local market for
telephone service was irreversibly open to competition.
As a result, Verizon was allowed to provide long distance
services to its local customers in January, 2000.
Mr. Crotty serves on the Boards of the Tri-State
United Way, where he is also the Corporate Secretary,
Polytechnic University, New York State Business Development
Corporation, Regional Plan Association, New York Urban
League, Buffalo Niagara Partnership and the Metropolitan
Development Authority. In addition Mr. Crotty
serves on the Advisory Boards of the Baruch College
Graduate School of Public Affairs and the New York
Prior to joining Verizon, Mr. Crotty served as Corporation
Counsel for New York City during Mayor Giuliani’s
first term. In 1997, Mr. Crotty successfully
argued Agostini v. Felton in the United
States Supreme Court to allow New York City public
school teachers into parochial schools to provide
remedial education to disadvantaged students under
Title I. Mr. Crotty also served for four years
in the Koch Administration as Commissioner of Finance
and Commissioner of Housing. Mr. Crotty was
a partner in the law firm of Donovan Leisure Newton
& Irvine from 1976 to 1984 and from 1988 to 1993
where he specialized in the trial of large, complex
Mr. Crotty was born and raised in Buffalo, New York
where he attended St. Thomas Aquinas School and Canisus
High School. He graduated from the University
of Notre Dame in 1962 and served as an officer in
the U.S. Navy from 1962 – 1964. He returned
to Cornell Law School from which he graduated with
distinction in 1967. He is a member of the Order
of Coif. Mr. Crotty also served as a law clerk
to United States District Court Judge Honorable Lloyd
F. MacMahon from 1967 to 1969.
Mr. Crotty is married to Jane Frances Rea.
They have three children: John, Elizabeth and David;
and one grandchild, Caroline, the daughter of John
and Kate Brennan Crotty.
LEWIS M. EISENBERG
Lewis M. Eisenberg was appointed by Governor Christine
Todd Whitman to chair the New Jersey Commission on
Privatization and Competitive Contracting in 1994.
He was elected Chairman of the Board of Commissioners
of the Port Authority of New York and New Jersey on
November 9, 1995. Prior to his election as Chairman,
Mr. Eisenberg had served since February 1994 as a
Commissioner on the agency’s Board, having been nominated
by Governor Christine Todd Whitman. Mr. Eisenberg’s
term as Chairman of the Port Authority ended in December,
2001. Governor Pataki appointed Mr. Eisenberg
a Director of the Lower Manhattan Redevelopment Corp.
in December 2001. In January 2002, Mr. Eisenberg
became the Chairman of the Republican National Finance
Committee in Washington, D.C.
Mr. Eisenberg has served on the transition teams
of Governors Whitman and Pataki and on the Bush-Cheney
transition team. Mr. Eisenberg is a founder
and Chairman of the Republican Leadership Council,
a political action committee based in Washington,
D.C. In 2000, Mr. Eisenberg served as the Chairman
of the Victory 2000 campaign in New Jersey.
Mr. Eisenberg is co-founder and Co-Chairman of the
Granite Capital International Group, an investment
management company. Prior to co-founding Granite
Capital, Mr. Eisenberg was a general partner and co-head
of the equity division of Goldman, Sachs & Co.
Mr. Eisenberg is presently involved in such activities
as serving on the Advisory Council of Samuel Johnson
Graduate School of Management at Cornell University,
as a board member of St. Barnabas Health Care System
and Chairman of the Investment Committee, and is on
the Board of Trustees of Monmouth Medical Center.
In 1989, Mr. Eisenberg was awarded the prestigious
Herbert Lehman Humanitarian Award by the American
Jewish Committee and honored as the “Man of the Year”
by the National Conference of Christians and Jews
in New Jersey. In 1995, Mr. Eisenberg also received
the Eagle Award from the New Jersey Alliance for Action,
on whose board he serves as a Director. In 2000,
Monmouth University named him as the New Jersey Businessman
of the Year. Mr. Eisenberg is also a Director
of Prosperity New Jersey, Inc.
Mr. Eisenberg graduated from Dartmouth College in
1964 and received an MBA from Cornell University in
On May 16, 2001, Mr. Eisenberg received an Honorary
Doctor of Laws Degree from Monmouth University.
Mr. Eisenberg and his wife Judy are the parents
of three daughters and seven grandchildren.
Dick Grasso, 55, has been chairman and chief executive
officer of the New York Stock Exchange since June
1, 1995. Since 1988, he has been president and chief
operating officer. While continuing in those positions,
he became executive vice chairman of the Exchange
on Jan. 1, 1991. He is the first member of the NYSE's
management to be elected to any of these positions
in the NYSE's 209-year history.
Mr. Grasso joined the Exchange in 1968. In 1973, Mr.
Grasso became director of listings and marketing,
in charge of adding qualified prospects to the NYSE's
list of companies. In December 1977, he was promoted
to vice president, corporate services, and in November
1981, he was appointed senior vice president, corporate
services, with the added responsibility for liaison,
coordination and support for all NYSE-listed companies.
Mr. Grasso became executive vice president, marketing
group, in 1983 and then executive vice president,
capital markets, in May 1986, with responsibility
for all financial products and the market data group.
Mr. Grasso serves on the boards of directors of The
Home Depot Inc. and Computer Associates International
Inc., as vice chairman of the National Italian American
Foundation, a trustee of the Centurion Foundation,
New York City Police Foundation, a trustee of the
Trooper Foundation for the State of New York, and
as a member of the New York City Public Private Initiatives
Inc. He serves as chairman of the Economic Club of
New York, a member of the Yale School of Management
advisory board, a member of the Lower Manhattan Redevelopment
Corporation board, a member of the Baruch College
School of Business Advisory Council, a member of the
New York University Stern School of Business Board
of Overseers, a trustee of the Stony Brook Foundation,
a member of the National Advisory Board of the Leon
and Sylvia Panetta Institute for Public Policy, and
a member of the Federal Reserve Bank of New York's
International Capital Markets Advisory Committee.
He is also a former chairman of Junior Achievement
of New York and a former chairman of the YMCA of Greater
Mr. Grasso has received an honorary Doctor of Laws
degrees from Fordham University School of Law, Pepperdine
University Graziadio School of Business and La Salle
University, and an honorary Doctor of Commercial Science
degree from Pace University.
He served in the U.S. Army from 1966-1968.
ROBERT M. HARDING
Robert M. Harding is a Shareholder in the Governmental
& Administrative Law department of Greenberg Traurig’s
New York Office. Prior to joining Greenberg Traurig,
Mr. Harding most recently served as the New York City
Deputy Mayor for Economic Development and Finance,
under Mayor Giuliani. As Deputy Mayor, Mr. Harding
coordinated the City’s economic development policies,
oversaw all City labor negotiations and was responsible
for housing and finance operations.
- Deputy Mayor for Economic Development and Finance,
March 2000 – December 2001
- Served as Director of the Office of Management
and Budget, responsible for the development, negotiation
and implementation of the City’s $37 billion annual
operating budget and the 10 year $45 billion capital
- Served as the Director of State Legislative Affairs
for the City of New York, representing the Mayor
and City agencies with the State Legislature, 1994-1997
- Counsel, Chief Legal Officer and Secretary for
the Facilities Development Corporation in Albany,
- Private Practice of Law
Professional and Community Involvement
- Board Member, Metropolitan Transportation Authority
- Board Member, Board of Lower Manhattan Redevelopment
- Member, New York State Bar Association
- Member, Association of the Bar of the City of
New York; Member, Election Law Committee
- Member, New York County Lawyers’ Association
- Adjunct Clinical Professor of Law, Albany Law
- Adjunct Faculty Member, Hudson Valley Community
- J.D., Brooklyn Law School
- State University of New York at Plattsburgh
Admitted to Practice
- New York
- United States District Court for the Southern,
Eastern and Northern Districts of New York
Sally Hernandez-Piñero is an attorney in private
practice. Most recently, Hernandez-Piñero was Senior
Vice President for Corporate Affairs at The Related
Companies, LP, a real estate development organization.
Prior to that she was a managing director at Fannie
Mae, an attorney with Kalkines, Arkey, Zall &
Bernstein, chairwoman of the New York Housing Authority,
and Deputy Mayor for Finance and Economic Development.
Hernandez-Piñero serves on the boards of Con Edison,
Dime Savings Bank of New York, the American Museum
of Natural History, and the United Way of Greater
New York. She earned a BA at Wesleyan University and
a JD at New York University School of Law.
THOMAS S. JOHNSON
Thomas S. Johnson is Chairman and Chief Executive
Officer of GreenPoint Bank and GreenPoint Financial
Corp. A graduate of Trinity College, he also
graduated from Harvard Business School in 1964 and
became an instructor at Ateneo de Manila University
in the Philippines. Between 1966 and 1969 he was the
Special Assistant to the Comptroller in the U.S. Department
of Defense in Washington, D.C.
In 1969 he began his 20-year-long career with Chemical
Bank, becoming President and Director in 1983. From
1989 to 1991 he was the President and Director of
Manufacturers Hanover Trust Co.
A member of the Council on Foreign Relations, Mr.
Johnson is a Director of Alleghany Corporation, RR
Donnelley & Sons Co. Inc., Online Resources, The
Phoenix Companies, and a number of not-for-profit
organizations, including Trinity College, The Institute
of International Education, The Asia Society, The
Cancer Research Institute of America and WNET Channel
13, New York. He currently serves as Chairman of the
Board of Directors of the United States-Japan Foundation.
He is also former Chairman of the Board of Trustees
of Trinity College and of the Union Theological Seminary.
Tom and his wife Ann have three children, Tom, Scott,
and Margaret (Scott was killed in the WTC attack 9/11/01)
EDWARD J. MALLOY
Edward J. Malloy is in his ninth year as president
of the Building and Construction Trades Council of
Greater New York. He was first elected to this
position in 1992, at which time he was also elected
as president of the New York State Building and Construction
Trades Council, representing more than 200,000 working
men and women.
Mr. Malloy is a vice president of the New York State
AFL-CIO, executive board member of the New York City
Central Labor Council, member of the board directors
of Empire Blue Cross Blue Shield, board member of
the Police Athletic League, trustee of the Saint Patrick’s
Day Parade, chairman of the National Museum of Catholic
Art and History, treasurer of the Consortium for Worker
Education and chairman of the New York Blood Center.
He is also a member of the New York City Council’s
Legislative Advisory Commission on the Homeless and
an advisor to the Building and Construction Trades
Department’s nationally recognized Leadership Program.
As president of the Building and Construction Trades
Council, Mr. Malloy plays an integral role in facilitating
public and private construction projects in New York
City’s $8 billion market. His innovative efforts
to stimulate economic activity and create thousands
of jobs have received frequent praise from leaders
in politics and business.
Highlights include securing more than $1 billion
in union pension fund investments over the last three
years to finance projects like Donald J. Trump’s transition
of 40 Wall Street from an aging office tower to a
gem of downtown Manhattan. Mr. Malloy’s advocacy
for cost cutting project labor agreements has brought
major industrial projects like the Visy Paper Mill
on Staten Island back to the five boroughs after an
absence of more than forty years. He has also
been a visible presence in Washington, Albany, and
City Hall fighting for public works projects like
a new Penn Station and rail access to Kennedy and
In 1998, Mr. Malloy led the Building and Construction
Trades Council in forming the Construction Industry
Partnership for the 21st Century with the
Building Trades Employers Association, an organization
representing more than 2,000 contractors headed by
chairman and CEO Louis J. Coletti. This partnership
brings labor and management together to address industry
standards for a highly skilled work force and responsible
contractors. It also focuses on rebuilding crumbling
public school facilities and spurring the construction
of affordable housing.
Among Mr. Malloy’s proudest accomplishments is forging
the Project Pathways agreement, which links public
vocational high schools of New York City with industry
apprenticeship programs. Project Pathways utilizes
public works contracts to leverage private sector
investments in training and employment opportunities
for students who make a commitment to graduate.
More than 500 students have been placed in apprenticeship
programs and accessed $6 million of training through
Mr. Malloy and Mr. Coletti recently announced the
formation of Construction Skills 2000, which will
expand and improve on the Project Pathways model by
privatizing administration of school-to-work and welfare-to-work
initiatives through a non-profit labor-management
organization. Tishman Construction, in charge
of the development of the Reuters Building and E-Walk
Hotel in Times Square, as well as corporate headquarters
for Morgan Stanley, has joined Construction Skills
2000 as the first private company to commit to hire
young people and the economically disadvantaged referred
through this initiative. Additional participants
are being actively pursued.
Through these innovative efforts, Mr. Malloy has
helped to transform the composition of New York City’s
unionized construction work force and overcome historic
barriers to equal opportunity. Today, 51 percent
of all incoming apprentices in the industry are minorities
and women, representing a 15-20 percent improvement
over the situation a decade ago.
Prior to becoming president of the Building and Construction
Trades Council, Mr. Malloy served as the chief executive
officer of the Enterprise Association of Steamfitters
Local Union 638. A veteran of the United States
Army, he received a certificate in Labor Studies from
Cornell University’s New York School of Industrial
Relations, and was graduated with a Bachelor of Science
degree from the State University of New York, Empire
E. STANLEY O'NEAL
E. Stanley O'Neal is President and CEO of Merrill
Lynch & Co., Inc. and a member of the Board of
Directors of Merrill Lynch. Prior to joining Merrill
Lynch in 1996, O'Neal was with General Motors Corporation
of New York and Madrid, and held various finance-related
positions from 1978 to 1986. O'Neal earned a BS from
Kettering University and an MBA from Harvard University.
BILLIE TSIEN, AIA, NCARB
Billie Tsien received her undergraduate degree in
Fine Arts from Yale in 1971 and her M. Arch. from
UCLA in 1977. In the period from 1971 to 1975
she was a painter and teacher. She has taught
at The Southern California Institute of Architecture,
Parsons, Yale, Harvard GSD, the University of Texas
at Austin and the University of Pennsylvania.
Recently she shared with Tod Williams the Louis I.
Kahn chair at Yale University.
She has worked with Tod Willliams since 1977 and
they have been in partnership since 1986. They
are married and have a 17-year-old son.
Widely published works include The Spiegel Pool House,
Feinberg Hall at Princeton University, the Williams
Natatorium at Cranbrook and the Neurosciences Institute
in LaJolla, California. Additional completed projects
include several residences in New York City, Southampton
and Phoenix, Hereford College, a 525 person dormitory
and dining facility at the University of Virginia,
a major addition to the Phoenix Art Museum, a science
building and aquatic center for The Emma Willard School
in Troy, New York, and the Mattin Arts Center at Johns
Hopkins University. The Natatorium at the Cranbrook
School, the Rifkind residence, the Neurosciences Institute
in La Jolla, California and two interior projects
have all won National AIA Honor Awards.
Currently, the office is working on The Museum of
Folk Art in New York City, an amphitheater for 25,000
people in Guadalajara, an addition to the Walker Art
Museum at Bowdoin College, a recreation center for
the New York City Housing Authority, and Temple Beth
Am in Miami. A monograph entitled Work/Life published
by Monacelli Press was released in the fall of 2000.
Billie Tsien has a particular interest in work that
bridges art and architecture. She has served
on various panels for the National Endowment for the
Arts, the Percent for Art Jury for the Cities of New
York and Seattle, and the Wexner Prize. She
is on the board of the Public Art Fund, the Architectural
League, the American Academy in Rome and the Municipal
Art Society in New York. She is the recipient
with Tod Williams of the Brunner Award from the American
Academy of Arts and Letters, the Medal of Honor from
the New York City AIA, and the Chrysler Award for
Carl Weisbrod, an attorney, established and is the
President of the Alliance for Downtown New York, Inc.
The Downtown Alliance is a $15 million business improvement
district - the largest BID in New York City and in
the United States - established to spearhead the revitalization
of Lower Manhattan. While the Downtown Alliance provides
traditional services, such as sanitation and security
it also promotes the economic development of the area,
improves tourist services, markets Downtown, and addresses
transportation needs as well as other issues. Prior
to the World Trade Center attack on September 11,
2001, the Downtown Alliance oversaw a decline in the
commercial vacancy rate from more than 21% in 1995
to 6% in 2001. Over the same period more than
5,000 new housing units (converted from older commercial
space) started transforming the area into a 24 hour
community and 750 Information Technology companies
were attracted to the neighborhood making it the heart
of Silicon Alley. The Alliance is now implementing
an ambitious streetscape improvement program to provide
Downtown with a physical coherence and a user-friendly
Prior to becoming Alliance President, from 1990 to
1994 Mr. Weisbrod was the President of the New York
City Economic Development Corporation (EDC), the city’s
agent for economic development. Under Mr. Weisbrod’s
leadership, EDC represented the city in the transactions
that kept Morgan Stanley, Prudential Securities and
Bertelsmann, among others, in New York. He negotiated
the redevelopment of the U.S. Open Tennis Center,
the creation of a new Pathmark supermarket in Harlem
and the development of the New York Times printing
plant in Queens, at the time the largest industrial
investment in the city since World War II.
For fifteen years, from the late 1970s through his
time at EDC in 1994, Mr. Weisbrod led the successful
city and state efforts to transform the Times Square
area. During this period, he was also the Director
of the Mayor’s Office of Midtown Enforcement, Executive
Director of the City Planning Commission and, from
1987 to 1990, the President of the New York State
42nd Street Development Project, Inc., the public
authority implementing the $2.5 billion Times Square
redevelopment project. In that capacity, he
negotiated the complex lease arrangements with the
office developers and brought two-thirds of the project
area into public ownership after more than half a
century of urban decay.
Mr. Weisbrod was the founding Chairman of the New
York City Loft Board and, as a consultant to the New
York City Partnership, he helped devise the $100 million
Investment Partnership. He served as incoming Manhattan
Borough President C. Virginia Fields Transition Director
in 1997. In 2000, he served as an advisor to New York
City on the development of a new home for the New
York Stock Exchange (NYSE) He is currently the President
of the New York City BID Managers Association.
Mr. Weisbrod consults internationally on economic
development matters and also serves as an Adjunct
Assistant Professor at Columbia University’s Graduate
School of Architecture, Planning and Preservation.
He is a Trustee of Tarragon Realty Advisors, a publicly
traded real estate company, which owns 20,000 affordable
apartment units throughout the country. He is also
a Trustee of the Ford Foundation and NYU Downtown
Hospital among other organizations. Mr. Weisbrod is
a member of the National Selection Committee for the
Harvard University/Kennedy School “Innovations
in American Government” Awards Program.
Carl Weisbrod is married to Jody Adams, a Family
Court Judge. They and their son, Billy, live
on Roosevelt Island.
Madelyn Wils is the current Chairperson of Community
Board 1, representing The Financial District, Battery
Park City, The Civic Center, Tribeca and The South
Street Seaport. Ms. Wils also serves as a trustee
of the Alliance for Downtown New York, Inc. – the
largest Business Improvement District in the United
States – established several years ago to spearhead
the revitalization of Lower Manhattan. Both of these
roles have enabled her to work effectively with City,
State and Federal government, as well as the business
and residential community, to provide the leadership
necessary to stabilize the neighborhood following
the September 11th attack. Ms. Wils has just been
honored to be appointed by Governor Pataki as a Director
of the newly established Lower Manhattan Redevelopment
Corporation, whose mandate is to rebuild Lower Manhattan.
In addition, she is a Director of The Hudson River
Park Trust and was appointed to the design team along
with Commissioners Bernadette Castro, Henry Stern
and Joe Rose. Ms. Wils is also a Trustee of
the Conservancy for Historic Battery Park as well
as The Gateway School of New York.
In her role as Community Board Chair, Ms. Wils recently
negotiated an agreement with Battery Park City to
establish the first recreation center and permanent
ball fields in Lower Manhattan. Prior to September
11th, Ms. Wils had reached an agreement with The New
York City Economic Development Corporation for an
additional recreation center in lower Manhattan to
serve the community’s fast growing residential population.
She was also responsible for the rezoning of Tribeca,
which was the first rezoning of any community in New
York City. Also, prior to September 11th, Ms.
Wils was in different stages of design development
and negotiations with DOT, The Port Authority and
The Parks Department on three new parks for Lower
During the late 1980’s, Ms. Wils chaired a committee
representing The Community Board and other community
groups which worked successfully with The Battery
Park City Authority on the design and implementation
of the award winning Rockefeller Park and Robert F.
Professionally, Madelyn Wils converted a five story
warehouse in Lower Manhattan, into a seven story condominium.
She created program development and production/ distribution
arms for both Time Inc. and The Washington Post Company.
Ms.Wils is also an award winning television producer.
DEBORAH C. WRIGHT
Deborah C. Wright is currently President, Chief
Executive Officer and Director of Carver and Carver
Federal, positions she assumed on June 1, 1999.
Prior to assuming her current positions, Ms. Wright
was President and CEO of the Upper Manhattan Empowerment
Zone Development Corporation, a position she held
since May 1996. She previously served as Commissioner
of the Department of Housing Preservation and Development
under Mayor Rudolph W. Giuliani from January 1994
through March 1996. Prior to that appointment,
Ms. Wright was named by Mayor David N. Dinkins to
the New York City Housing Authority Board, which manages
New York City’s 189,000 public housing units.
She is a member of the Board of Overseers of Harvard
University and serves on the boards of Kraft Foods,
Inc., the Lower Manhattan Development Corporation,
the Initiative for a Competitive Inner City, The New
York City Partnership, Inc., and the Ministers and
Missionaries Benefit Board of the American Baptist
Churches. Ms. Wright earned A.B., J.D. and M.B.A.
degrees from Harvard University.
FRANK G. ZARB
Frank G. Zarb presently serves as Chairman of Nasdaq
Europe and Senior Advisor to The Nasdaq Stock Market,
Mr. Zarb became Chairman and Chief Executive Officer
of Nasdaq® and its parent organization, the National
Association of Securities Dealers, Inc. (NASD®) in
February 1997. He served as Nasdaq CEO until February
2001 and Chairman until September 2001. He served
as NASD CEO until October 2000 and Chairman until
September 2001. The NASD is the securities industry's
largest self-regulatory organization and is the parent
of the American Stock Exchange, NASD Regulation, Inc.,
and NASD Dispute Resolution, Inc.
From June 1994 through January 1997, Mr. Zarb was
Chairman, Chief Executive Officer and President of
Alexander & Alexander Services, Inc., a global
organization of professional advisors providing risk
management, insurance brokerage, and human resource
management consulting services from offices in more
than 80 countries.
Prior to this appointment, Mr. Zarb was a Vice Chairman
and Group Chief Executive of The Travelers, Inc. and
Chairman and Chief Executive Officer of Smith Barney,
a Travelers subsidiary, which he joined in 1988. He
was named Group Chief Executive on June 24, 1993.
Mr. Zarb was elected a Vice Chairman of The Travelers,
Inc. on September 25, 1991.
During his tenure at Smith Barney, Mr. Zarb oversaw
growth in the firm's diversity and its clientele.
Most importantly, he directed a series of record performances
by the firm-from a pre-tax loss of $100 million in
1988 to a run rate of more than $200 million of after-tax
profits in 1993. His responsibilities at The Travelers
included direct management of Primerica Financial
Services, American Capital Management Research, RCM
Capital Management, and corporate administration and
Before joining Smith Barney, Mr. Zarb was a senior
partner of Lazard Freres & Co. From 1978 to 1988,
he was responsible for a broad range of investment
banking activities, including international and domestic
corporate finance and mergers and acquisitions.
From 1974 through 1977, Mr. Zarb was the senior official
for all United States government energy-related activities,
serving as Executive Director of the Cabinet-level
Energy Resources Council, Administrator of the Federal
Energy Administration, and Assistant to the President
for Energy Affairs (the "Energy Czar").
He led the nation's energy response to the first major
oil embargo. Prior to those appointments, he had been
Associate Director of the Office of Management and
Budget from 1973 to 1974 and served as Assistant Secretary
of Labor between 1971 and 1972. He has served in various
assignments with the Nixon, Ford, Reagan, Bush, and
Before entering public service, Mr. Zarb acquired
considerable experience in the securities industries
where he began his career with Goodbody and Co. in
1962. He later served in various capacities for predecessor
firms to Shearson Lehman Bros., as Executive Vice
President of Marketing, Operations and Investment
Banking, as well as Chairman of the Executive Committee.
He currently serves as a member of the board of the
American International Group (AIG). In addition, Mr.
Zarb has served as a member of the Board of Credit
Suisse First Boston. He is a former Chairman of the
New York Stock Exchange Nominating Committee. He served
as Chairman of the Long Island Power Authority, the
State agency responsible for overseeing the restructuring
of the electric power system of Long Island.
In 1999, the Governor of New York named Mr. Zarb
Chairman of the Nassau County Interim Finance Authority,
a body assembled to lead a state effort to turn around
Nassau County's financial crisis.
Mr. Zarb is a member of the Board of Trustees of
the Gerald R. Ford Foundation. He is a former Chairman
of the Board of Trustees of his alma mater, Hofstra
University, where he still serves as a Board member.
Hofstra named its business school after Mr. Zarb.
Previously, Mr. Zarb was a member of the Mayor's
Commission on Homelessness in New York City and led
the Privatization Task Force of the New York City
Partnership. He also served as Chairman of the Council
for the U.S. and Italy.
Mr. Zarb, who earned his B.S. and M.B.A. degrees
in business from Hofstra University, was awarded an
honorary Doctor of Law degree by the University and
the school's Outstanding Scholar Award. The Georgetown
University McDonough School of Business conferred
an Honorary Doctorate on him in 2000.