AIG Isn’t Going Away

The AIG bonus situation has remained a headline issue for over a week now and it doesn’t seem ready to slip back to page seven. The outcry has been deafening as the Administration, Congress, shareholders, and John Q. Public are all calling for reform and rallying behind pay caps and a broad oversight of compensation for banks, Wall Street firms and possibly other companies that fall into their gun sights. In getting to the root of the problem, Washington over-legislates and often creates a new set of unintended problems. Do we want our most troubled corporations led by under-compensated management teams who have no incentive or stake in the short or long term outcome of the taxpayer investment in the businesses they have been asked to manage? This is a complex issue, and I am afraid that we are bound for Barney Frank legislation when we deserve more. This insightful Business Week article written by Steven Hall & Partners helpfully puts the issue in context.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
HELIOS AMC Senior Commercial Real Estate Manager (SAN FRANCISCO) Helios AMC, an asset management and special servicing firm is currently seeking an experienced senior commercial real estate asset manager with a solid track record. This position is responsible for the management and resolution of an assigned portfolio of non performing commercial mortgage loans and real estate owned. SELECTLEADERS Head of Property Management Group (NEW YORK CITY) The successful candidate will be responsible for the leadership and management of the business unit within the region, and will play a lead role in marketing the unit’s services. The firm is undergoing a major expansion and the portfolio is expected to grow significantly over the next few years. The successful candidate will be critical in driving this growth. URBAN LAND INSTITUTE Director, Virtual ULI (WASHINGTON DC) The candidate oversees the day-to-day operations of the Urban Land Institute’s Virtual ULI activities. In concert with the executive leadership of ULI, the director will set the strategy for an overall framework that guides Virtual ULI. DEVELOPERS DIVERSIFIED REALTY Leasing Manager (TAMPA, FL) The leasing manager negotiates new leases and renewals and participates in marketing campaigns and promotions for attracting and retaining tenants to minimize vacancies and improve tenant mix. The position also prepares forecasts and maintains the budget to maximize overall profit. JONES LANG LASALLE Vice President, Transaction Manager (NEW YORK CITY) An experienced retail transactions manager is needed to join high performance, fast paced, client driven transactions team serving a leading global firm. The candidate must possess excellent negotiation, analytical, communication, collaboration, organizational/process skills as well as “client first” mindset. SELECTLEADERS Chief Operating Officer (RIYADH, SAUDI ARABIA) The COO will supervise all major line functions and work with the chairman and CEO on the strategic direction of this company which has $1.5 billion in assets. JPMORGAN CHASE Market Director of Real Estate (SAN FRANCISCO) Reporting to the retail regional real estate manager, incumbent is responsible for assisting retail branch bnking with developing acquisition, disposition and “right-sizing” strategy based on business and operations requirements. MAIN STREET LAND PARTNERS Investor Relations Executive (NEW YORK CITY) Main Street Land Partners seeks an investor relations executive. Requirements include a solid background in Investment Real Estate and Financing. Candidates must be seasoned professionals with experience and proven results in raising capital via private placement offerings, real estate based equity sourcing, or institutional capital funding.
Promotions No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
TBG PARTNERS (DALLAS) Landscape architecture and planning firm TBG Partners has promoted Mark Meyer to managing principal at the firm’s Dallas/Fort Worth office. An integral member of the firm for the past 10 years, Mark has nearly 12 years of extensive experience developing master plans and detailed designs for city parks and recreational systems, mixed-use developments and urban revitalization districts. PERKOWITZ + RUTH ARCHITECTS (LONG BEACH, CA) Perkowitz+Ruth Architects has promoted Rick Martin to the position of sustainability manager. Martin joined Perkowitz+Ruth Architects in 2005 as construction contract administrator. CB RICHARD ELLIS (PHILADELPHIA) CB Richard Ellis promoted of Kellie Lewis to senior graphic designer. A member of CBRE’s Greater Philadelphia marketing team since 2004, Lewis specializes in the development of high-end print, web and multi-media collateral to support its local commercial real estate brokers and clients. INVESCO REAL ESTATE (DALLAS) Invesco Real Estate announced that Mark Roberts has been named global director of research and Mike Sobolik has been promoted to regional director of research in North America. HEERY INTERNATIONAL (LOS ANGELES) Robert T. Chomiak, a Heery International vice president, has been promoted to regional manager of the firm’s west region. In this position, he oversees Heery’s activities in Arizona, California, Hawaii, Nevada and New Mexico. Chomiak, a 24-year Heery veteran, has relocated to Los Angeles from the company’s Dallas office.
New Hires No more than one submission per company will be considered per week. Submissions with multiple names will be capped at three for coverage in Executive Watch.
ALLIANT CAPITAL (SEATTLE) Alliant Capital named Aaron Abelson as senior vice president of its Chicago office. Prior to joining the firm, Abelson served as senior vice president and Midwest regional manager for HSBC Bank USA N.A. THE SEMBLER CO. (ST. PETERSBURG, FL) The Sembler Co. has hired Stevens Tombrink as vice president of business development. He was formerly regional vice president of real estate services at Equity Inc. SPERRY VAN NESS (LAKE MARY, FL) Sperry Van Ness/Paradigm Commercial Real Estate Group, has expanded its presence in the central Florida market by naming Wendy Supino as Senior investment advisor in the retail services division. She was formerly real estate manager of retailer Batteries Plus. LEE & ASSOCIATES (SOUTHFIELD, MI) Lee & Associates of Michigan, a full-service commercial real estate company, announces the addition of Nicholas T. Murphy to its expanding team. As a sales associate working out of the newly relocated Southfield office, Murphy will be responsible for the sale and leasing of industrial properties in the Sterling Heights market. Previously, Murphy performed residential maintenance for Murphy Maintenance & Repair in St. Clair Shores. HANDEX CONSULTING AND REMEDIATION (MOUNT DORA, FL) HCR, (Handex Consulting and Remediation SE, LLC) recently appointed Joseph B. Lundquist, P.E. senior engineer in the firm’s Tampa office. He was an engineer for HCR in the 1990s and most recently served as senior engineer at Professional Service Industries in Tampa.

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