Friday, December 4th, 2009 saw a large gathering of important speakers and financial authorities at the Hard Rock Café on 43rd Street and Broadway in New York City. The BALCONY Wall Street breakfast was sponsored by the Milberg Law Firm, EnTrust Capital, where Gregg Hymowitz is Managing Partner, BNYConvergEx, NYSUT, Saratoga Capital Management and WHY Hunger.
New York State Comptroller Tom DiNapoli was the keynote speaker, and he addressed the financial situation in New York. He reported that this year, the NYS pension fund has rebounded that that, as of September of 2009, it showed an 18% profit. He explained, as well, that bonuses are now federally regulated and that Wall Street accounts for 24% of all wages pain in NYC.
There were many financial leaders involved in the panel discussion included Barry Weprin, Gregg Hymowitz, James Parrott and many others.