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Perks

I am writing this Executive Watch on Election Eve, and I have been mulling over what it must feel like to go to bed and realize that you may be the next President of the United States. Pretty cool. If you win, you get great perks: a couple of 747′s, a nice house with plenty of staff, great travel, and a huge advance on your memoirs in 4 to 8 years. Unfortunately, whoever wins today will assume office at a calamitous time, when the financial underpinnings of the world economy are terribly fragile. However, a little closer to home, the next President will also have a significant impact on the future of the real estate industry. The way he and Congress navigate the credit crisis, tax policy on capital gains, and address a crumbling infrastructure will be simultaneously precarious and vital to our nation’s future. I hope we, as a people, make the right choice. After all, we deserve it after two years of listening to the pundits!

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
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NEW YORK LIFE INVESTMENT MANAGEMENT, LLC Vice President–Distressed Debt(NEW YORK CITY) The company is looking for a strong candidate who will be instrumental in both investing in, and the management of, distressed debt.

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