Crain's New York Business

Congratulations to our Best Places to Work honorees for 2024! These companies adapted to a rapidly changing business environment while prioritizing creating exceptional experiences for their employees. See the full list here: https://lnkd.in/ePD4JwxH

A long-troubled Midtown hotel could find its next owner this week.

The highest-paid CEO in New York City is, for the first time, a woman. Sue Nabi of Coty, which manufactures and markets beauty and skincare products, fragrances and color cosmetics, earned a total compensation of $149.4 million in 2023. Her whopping 4,100% raise from 2022 is largely thanks to the $145.9 million she accrued in 2023 stock awards. Crain's list of highest-paid CEOs for 2023 is largely dominated by men. CEO pay rebounded in 2023 compared to 2022, when belts tightened across corporate America. Median total compensation for New York’s 100 highest-paid CEOs in 2023 was about $18.4 million, according to Crain’s analysis of S&P data, up from last year’s top 100 CEOs’ $17 million in 2022. However, median pay has not reached 2021’s high of $20 million. Part of this spike is attributable to a notably strong market last year — highlighted by the S&P 500’s 24% gain — and its overall impact on stock awards. The median stock awards for these 100 CEOs was $10 million, which made up 58% of these executives’ total compensation in 2023. Meanwhile, the median salary for these CEOs was just $1.2 million. George Mattson of Wheels Up, a private aviation services provider, closely followed, with just under $149 million in total compensation, despite earning less than $150,000 in base salary last year. A closer look at the company’s proxy statement reveals that 99.6% of Mattson’s total pay came from stock awards. And Stephen Schwarzman of Blackstone ranks No. 3 with $119.8 million in total pay last year. Nearly $119.4 million of this total came from “other compensation,” which included carried interest and incentive fees, and restricted shares of listed common stock, according to the company’s proxy statement. Read more: https://lnkd.in/ei95asab

Despite its status within a historic district, the block is primed for significant changes as many of its buildings come under new ownership.

The 5,900-square-foot brick-and-limestone landmark in Hamilton Heights dates to 1890.

A pair of bills would require the city to explore an expansion of the embattled ferry network — even as officials work to rein in costs.

The 26-year old Brooklyn native fell in love with fencing as a kid watching the 2008 Olympics. "Everyone's yelling, screaming, ripping off their masks, and I thought it was the most beautiful thing I'd ever seen."

Thank you to Crain's New York Business for the wonderful article highlighting our visual collection at NYC Health + Hospitals. Healing environments impact our health care experience. It can literally be the difference between a hopeful and positive journey or a depressing and anxious one. The article touches on several collections-yet illuminates the Arts in Medicine approach at the country's largest safety net as an enlightened approach and perspective that empowers patients and staff in the process. Caitlin Orban, ATR-BC, LCAT, LPAT eloquently explains the way she incorporates pieces into the therapeutic milieu at South Brooklyn Health. We hope this contributes to more evidence of the significance of fine art in hospitals and it reiterates the importance of equity in healthcare models, because everyone deserves and should be surrounded by beauty and inspiration-especially in their darkest hours. Ryan Patrick Mónica Mari?o Ashley Arnold Emireth Herrera Valdes Eric Wei Jeffrey Goldberg DO DLFAPA Stephanie Buhle Laurie M. Tisch Illumination Fund Svetlana Lipyanskaya

No other bidders showed up at Wednesday’s auction of the Harlem home.

The teasing of potential Michelin stars is underway in New York.