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  LMDC 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 Harvard.

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 Industry Association. 

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 Reagan.

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 Art.

In late 2001, he was appointed by Governor Pataki to chair the Board of the Lower Manhattan Development Corporation.
    

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 ’98).
 

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 Law School.

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 litigation.

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 1966.

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

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 New York.

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.

Previous Employment: 

  • 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 plan, 1998-2000
  • 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, 1993.
  • Private Practice of Law

Professional and Community Involvement

  • Board Member, Metropolitan Transportation Authority (MTA)
  • Board Member, Board of Lower Manhattan Redevelopment Corporation
  • 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 School (1987-1997)
  • Adjunct Faculty Member, Hudson Valley Community College (1984-1990)

Education

  • 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-PINERO

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 LaGuardia airports.

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 this agreement.

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 State College.


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 Design Innovation.


CARL WEISBROD

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 environment. 

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

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 Manhattan.

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. Wagner Park.

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, Inc.

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 legal functions.

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 Clinton administrations.

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.

 
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