Former Deputy Mayor becomes Gary Barnett's right hand man.Mayor Bloomberg's former First Deputy Mayor Marc V. Shaw has accepted a job with the Extell Development Company as executive vice president for strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. . Shaw, who quit his City position two weeks ago, has extensive experience in management and fiscal planning. In addition to his most recent post as Deputy Mayor, he has served as executive director of the Metropolitan Transportation Authority and as director of the City Office of Management and Budget The Office of Management and Budget (OMB), formerly the Bureau of the Budget, is an agency of the federal government that evaluates, formulates, and coordinates management procedures and program objectives within and among departments and agencies of the Executive Branch. under the Giuliani administration. In fact, Mayor Bloomberg has given Shaw a large share of the credit for getting New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of back on track after September 11th. "As First Deputy Mayor, Marc was the shrewd and steady hand that helped guide New York through its worst fiscal crisis in a generation," the Mayor said upon learning of Shaw's resignation. "And as we tackled the rebuilding of our City after the terrorist attacks of September 11th, Marc's vast experience was critical to stabilizing New York City's government." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. some sources, Bloomberg valued Shaw's expertise so much, he made him the highest paid person ever to work for the Mayor's office, with a salary of approximately $195,000 a year. Gary Barnett
"We are delighted that Marc is bringing his skills, creativity and experience to Extell Development Company," said the president of Extell, a company whose profile has risen dramatically in the past year with it's involvement in several major real estate deals. Last summer, Extell was involved in the biggest ever residential sale in U.S. history when it partnered on the $1.8 billion purchase of a Riverside South
Riverside South site from Donald J. Trump and his Hong Kong-based partners. The company also bid for the redevelopment rights at Brooklyn's Atlantic Yards The Atlantic Yards is a mixed-use commercial and residential development project of 16 buildings, currently proposed in the neighborhoods of Prospect Heights and Park Slope, adjacent to Downtown Brooklyn and Fort Greene in Brooklyn, New York City. , a project that ultimately went to Forest City Ratner. Shaw is scheduled to begin his new job on March 20. "I was honored to serve Mayor Bloomberg and appreciate his giving me the opportunity to serve the citizens of my hometown," he said. "After 25 years in public service, I'm now looking forward to a new challenge with the Extell Development Company." |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion