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Executive Watch 1.21.04

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By noHead | Updated on January 28, 2004

1/21/04: The Iowa caucuses are now history and the winner, John Kerry, claims that he will protect the American worker from “Corporate Benedict Arnolds” who ship jobs overseas. Frankly, this is no time for this kind of hyperbole. IBM has just announced that it will hire 15,000 new employees, but only 5,000 of these new jobs will remain in this country. With “momentum” on his side, at least for the next six days until the New Hampshire primary (where he will most likely do well before moving onto South Carolina and lose to John Edwards), Kerry may be wiser to focus more on his original idea about keeping jobs in this country and modifying the employer payroll tax. That could create incentives for employers to keep new jobs on domestic shores. This may not be the best answer all around, but vilifying a particular part of the economic machine is also not an answer. Of course, if you’re looking for answers from across the aisle, our country may be better served if the President focuses less on Mars and keeps his eye on this neck of the woods. As the saying goes, “All politics are local.” And they should definitely remain earthbound.
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TRAMMELL CROW CO. (DALLAS) Diane Paddison has been named to the firm’s Executive Committee, in which she will join other members of senior management in setting the company’s overall strategy. Paddison is national director for client services at the firm. She has been at the firm since 1986.

ARCHON ATLANTIC (CHATHAM , NJ) Fred J. Arena has been promoted to director of commercial real estate and regional director of management. In his new role, he will lead all operations in his regional office.

 

INSITE COMMERCIAL GROUP/TCN WORLDWIDE (SOUTHFIELD , MI) Cynthia J. Kratchman has been named vice president of the company’s retail division, a role in which she will specialize in local and national tenant-landlord representation, commercial property transactions and development. She was most recently with Friedman Real Estate Group.

INTERSTATE HOTELS & RESORTS (ARLINGTON , VA) Terry Alder has rejoined the company as vice president of operations, while Hunter Webster has come on board as vice president of revenue management. Alder worked for Interstate as general manager at several hotels between 1985 and 2003. Webster comes from Hilton Hotels Corp., where he was senior director, revenue management for the eastern US.

CARLTON ADVISORY SERVICES (NEW YORK CITY) Three acquisition specialists have joined the firm as part of the expansion of Carlton Strategic Ventures, its principal acquisitions group. Analyst Kevin Waters will focus on sourcing, financial analysis and valuation. He comes from Sterling Equities, where he was acquisitions analyst. As vice president, Greg S. Kirschenbaum will source acquisition opportunities. He was most recently acquisitions manager at RKM. Also vice president, David Ebrahimzadeh will concentrate on sourcing principal investments and joint venture/equity partnerships.

TRAMMELL CROW CO.

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