This year, ranked #67 are Gilmartin, described as President and CEO of Forest City New York, and David LaRue, President and CEO of Forest City Realty Trust, the parent company based in Cleveland.
That indicates a double Ratner diminishment of sorts. First, Ratner, the New York firm's Executive Chairman, no longer makes the list. Well, he's been winding down somewhat, and has taken harsh criticism from activist investors.
A new name for the New York subsidiary
But what's up with "Forest City New York"?
Well, the transition has begun without a grand announcement--and it's not yet achieved on the parent company's web site--but Forest City Ratner Companies is being renamed Forest City New York, I've learned, to better fit with the parent company. (Also see r…