INSIDE
TOP STORIES
The cash bundlers
behind the 2013
mayoral wannabes
PAGE 3
NY AREA’S
LARGEST
EXECUTIVE
RECRUITING
FIRMS

PAGE 15

Online
grocer
looking
to bag
new cities
PAGE 3

VOL. XXVIII, NO. 4 W WW. CRAINSNE WYORK. COM
JANUARY 23-29, 2012 PRICE: $3.00

Signature Theatre
to play starring role
in new West 40s

PAGE 2

Wage Theft law’s
paper demands are
driving biz bonkers

SMALL BUSINESS, PAGE 9

Tech’s lessons

NYC is digital hotbed in push to transform education as we know it

BY MATTHEW FLAMM

Last Thursday morning outside Apple’s press conference at the Guggenheim Museum, news-team sound trucks stretched an entire block, possibly setting a record for the amount of coverage for an announcement about textbooks.

But the introduction of interactive, instruction-
al e-books for the iPad was also a signal of larger
changes taking place in the classroom. In the midst
of its Internet moment, education is going through
a digital disruption similar to the ones that have
shaken up the music industry, newspapers and
trade-book publishing.

Hipsters go home!
Brooklynites lash
out at bar boom

NEIGHBORHOODS, PAGE 5

IVESL USINESS B

GOTHAM GIGS Sleeping well in the city that never sleeps P. 19

● ANNE FISHER How to build a Fortune 500 powerhouse brand P. 19

ISTOCKPHOTO

● MOVERS & SHAKERS Planning NYC’s green revolution P. 20

● GAEL GREENE Where to get a good lunch P. 22

INDEX

BY THERESA AGOVINO
Silverstein to call
a halt at 3 WTC Unable to line up tenants, developer to cap his second Trade Center tower at 7th floor

BUCK ENNIS

Goldman snacks on own stock

THE INSIDER___________________________________________________ 8

REAL ESTATE DEALS PLUS __________________ 9

OPINION _________________________________________________________ 11

FOR THE RECORD____________________________________ 12

CLASSIFIEDS ______________________________________________ 16

EXECUTIVE MOVES _________________________________ 19

THE WEEK AHEAD___________________________________ 22

THE WEEK ON THE WEB _____________________ 23

CHEAT SHEET______________________________________________ 23

the World Trade Center site if he can’t find a major office tenant, sources close to the company said.

Minor modifications have already been made to the ongoing construction of the tower that will

See SILVERSTEIN on Page 7

Bank’s buybacks
exceed its profits

BY AARON ELSTEIN

Developer Larry Silverstein is planning to halt construction by the end of the year on the second of the two towers he is currently building at

LARRY SILVERSTEIN wants an 80-story tower, but can’t yet show he can fill it.

REPORT HEALTH CARE

NEWSPAPER

Imagine holding an iPhone over your chest for an electrocardiogram. How the latest medical apps are revolutionizing the medical arts P. 13

Here’s a sign of the tough times at Goldman Sachs: Last year, it spent more money buying back its stock than it generated in earnings. To be exact, the bank coughed up $6.04 billion to repurchase shares on the open market while producing only $4.44 billion in profits.