Page 94 - Forbes - USA (February 2018)

TRUMP’S TENANTS

40 WALL STREET
NEW YORK
DUANE READE ACCOUNTING & COMPLIANCE HALPERIN BATTAGLIA BENZIJA
$3.2M INTERNATIONAL
HARRIS ST. LAURENT & CHAUDHRY
GREEN IVY SCHOOLS ANDERSON ECONOMIC GROUP
$2.6M IBISWORLD
BRITE MEDIA GROUP
HAKS ID PR
$2.2M CAMACHO MAURO MULHOLLAND JAFFE & KOUMOURDAS
COUNTRY-WIDE INSURANCE CAMMACK RETIREMENT GROUP JAJAN & ASSOCIATES
$2.1M
COASTAL MANAGEMENT
JH DARBIE & CO.
HADASSAH, THE WOMEN’S ZIONIST CORE STAFFING SERVICES
ORGANIZATION OF AMERICA MATERNA LAW
$1.6M DIRECTVIEW
KELLY & RUBIN
THORNTON TOMASETTI DNDi
$1.6M DALBIR SINGH & ASSOCIATES
ELITE BRANDS
WORK BETTER KRISSTONE
$1.5M EUROCLEAR BANK REPRESENTATIVE MASS COMMUNICATIONS
OFFICE
FORESTERS FINANCIAL NCHENG
$1.3M LAW OFFICES OF FRANK XU
GRANDFIELD & DODD OAKWOOD LAW GROUP
HARRY FOX AGENCY
$1.3M PRODIGY NETWORK
LESLIE E. ROBERTSON ASSOCIATES PUBLIC FINANCIAL MANAGEMENT
$700K
READY ANALYTICS
MAGNA
$600K RF LAFFERTY
HINCH NEWMAN
NEWMAN MYERS KREINES GROSS
HARRIS SOLOMON BLUM HEYMANN
$500K
SOUTH ASIAN AMERICAN
ACCESS INTELLIGENCE ASSOCIATION
$400K
SVA UNDERWRITING
SS&C TECHNOLOGIES
$400K TB ALLIANCE
PFM TELSTRA
$300K
THE HEFFNER AGENCY
NFP P&C PRIVATE CLIENT GROUP TIGRESS FINANCIAL PARTNERS
$200K
UNITED ADVISORS
PAULSON INVESTMENT CO.
$200K VERIZON +
LAROCCA HORNIK ROSEN GREENBERG WORLD ZIONIST ORGANIZATION
& BLAHA
$100K ZAREMBA BROWN
mission, Trump’s tenant got the green light their landlord is the president. And it’s hard where Trump owns a 30% stake. Like all big
for a slimmed-down, $4.4 billion version to get into the heads of regulators, however banks, BofA remains under scrutiny by fed-
of the deal. In January, Trump announced well-intended or removed from the White eral officials. In December, Trump tenants
he would nominate the commissioner who House, who serve a president famously ob- UBS, Barclays and JPMorgan, plus Trump
supported the deal, Maureen Ohlhausen, to sessed with personal loyalty. lender Deutsche Bank, got waiver exten-
be a federal judge. Consider banks. Capital One rents space sions from the Department of Labor that
How much, if at all, did the business re- for an estimated $1 million at the bottom allow them to avoid part of their punish-
lationship affect the government’s decision? of Trump’s Park Avenue condo building— ment for illegally manipulating interest rates
It’s inherently impossible to measure. Wal- while the Justice and Treasury departments and foreign exchange rates.
greens Boots Alliance says there was no investigate the bank’s anti-money-launder- The overlapping interests stretch be-
connection whatsoever and that their lob- ing program. Four years ago, the Depart- yond the financial world. Take any hot-but-
bying was not specific to the deal. But even ment of Justice reached a nearly $17 billion ton issue of the past year, and there’s a good
if Trump tried to rule without any personal settlement—the largest ever of its kind— chance Trump’s tenants lobbied the feder-
favor, or if this was decided without his di- with Bank of America, the biggest tenant al government on it, either in support of or
rect input, the appearance of a conflict of in- (an estimated $18 million a year) at the 555 in opposition to the administration’s posi-
terest is unavoidable. The companies know California Street complex in San Francisco, tion. Nutritional-supplements giant GNC,

92 | FORBES FEBRUARY 28, 2018