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Executive Watch 1-21-04

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By noHead | Updated on February 03, 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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NAI STONELEIGH HUFF BROUS MCDOWELL (DALLAS) Paul Stockard has been promoted to principal, in which he will continue to work mainly with law firms and insurance companies on their tenant representation needs. Stockard has been at the firm since 2000.

COLLIERS ABR INC (NEW YORK CITY) Nicola M. Heryet has been named senior managing director at the firm while also being made partner and stockholder. She was formerly managing director.

 

GAYLORD ENTERTAINMENT (NASHVILLE, TN) Lee Babcock has come on board as director of development, a role in which he will oversee current development projects and future initiatives. Babcock comes from TVO Realty Partners, where he was acquisitions director.

QUANTUM FIRST CAPITAL (DALLAS) New to the company is Clint Lofman , who joins as vice president of loan production. Lofman was most recently vice president at Archon Group LP, where he closed more than $1 billion in financing in eight years.

INTERSTATE HOTELS & RESORTS (ARLINGTON, VA) Kenneth E. Barr has joined the company as chief accounting officer. Barr was most recently a partner at Ariva Ventures, an investment management and venture capital firm.

TRAMMELL CROW CO.

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