CEOs Convene at Crain 's Future of NYC Conference

The economic slowdown remains front and center as some of the most influential CEOs convene at the Crain’s "Future of NYC" conference. Business chiefs that have been affected by the recession are brainstorming on ways to ride out these troubled times.

Loews CEO on Travel

"This is a very difficult moment. We have been in the business for 65 years. We have seen some very high moments and we have seen some deep dark moments for the hotel industry. This is a difficult moment because nobody is traveling. The consumer — not feeling very good about themselves, they don’t know what their house is worth, their 401K is shredded, they are not sure they want to go on a trip. CEOs are looking at their costs very closely. They are cutting back on their executives travel. This is a moment where the industry is going to have to pull together."
Jonathan Tisch,Loews Hotels chairman, CEO

Building a Better NYC

"Clearly, New York, which is often a lagging indicator for the rest of this country, has started to slow down. These are difficult times. I really still am optimistic that we are resilient as a construction company. Pricing has come way down as a reflection of reduced oil cost, reduced commodity pricing. It’s a good time to build if somebody can find some money."
Daniel Tishman, Tishman Construction chairman, CEO

NBC's Zucker on Media & the Economy

"I think that media in New York City is incredibly important. It continues to be one of the most important media and culture centers of the world. The amount of movie and film and television production is incredibly important but as everybody struggles in these economic times, ensuring that continues is something on all of our minds."
Jeff Zucker,NBC Universal president, CEO
(NBC Universal is the parent company of CNBC)