Good Afternoon
Good Afternoon


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.



51 Madison Ave., New York, 10010


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.



730 Third Ave., New York, 10017


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.



1301 Avenue of the Americas, New York, 10019


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.



2 World Financial Center, New York,



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


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.



345 Park Ave., New York, 10154


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.



5 Times Square, New York, 10036


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.



725 Fifth Ave., New York, 10022


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


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.



959 Eighth Ave., New York, 10019


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


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


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.



950 Fingerboard Rd., Staten Island,



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.



9777 Queens Blvd., Rego Park, 11374


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.



277 Park Ave., New York, 10172


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.



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


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


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.



1370 Broadway, New York, 10018


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."



499 Park Ave., New York, 10022


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.



350 Park Ave., New York,



Revenue: $2.5 billion

Industry: Fertilizer, liquefied

petroleum, gas and


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.




35 E. 62nd St., New York,



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.



823 11th Ave., New York, 10019


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.



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


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


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.




152-35 10th Ave., Whitestone, 11357

800-854-6729, 718-767-1234

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.



460 Park Ave., New York, 10022


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.



30 Rockefeller Plaza, New York, 10112


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.



666 Fifth Ave., New York, 10103


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




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

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.



1 Penn Plaza, New York, 10119


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.



373 Park Ave. S., New York, 10016


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.



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


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.




4 Times Square, New York, 10036


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.



11 Madison Ave., New York, 10010


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.



135 East 57th Street, New York, 10022


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


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



230 Park Ave., New York, 10169


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.



1 Rockefeller Plaza, 28th Floor,

New York, 10020


Revenue: $1 billion

Industry: Diamond and jewelry


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.



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


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.



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


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.




25 Columbia Heights, Brooklyn, 11201


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.



565 Fifth Ave., New York, 10017


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, now one of the 10

most-visited Web sites, along with and

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.




55 Water St., New York,



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.



19-50 48th St., Astoria, 11105


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.



770 Broadway, New York, 10003


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.



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


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.



16 Bridgewater St., Brooklyn, 11222


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.

More news