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This profile was last updated on 6/25/14  and contains information from public web pages and contributions from the ZoomInfo community.

Ms. Suzy A. Reingold

Wrong Suzy A. Reingold?
 
Background

Employment History

28 Total References
Web References
"These brokerage professionals are a ...
www.cushmanwakefield.com, 14 Jan 2013 [cached]
"These brokerage professionals are a valuable asset to Cushman & Wakefield and their dedication and exceptional work ethic has greatly enhanced our firm," said Suzy Reingold, Executive Managing Director of Cushman & Wakefield's New York City offices.
The complaint was filed on behalf ...
www.sanfordheisler.com, 21 Oct 2013 [cached]
The complaint was filed on behalf of the company's New York Tri-State Chief Operating Officer Suzy A. Reingold, 66, who despite her 15 years of real estate management experience was passed over for promotion to New York Tri-State President.
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The complaint alleges that the "otherwise inexplicable choice" of Lo Russo over Ms. Reingold was motivated by unlawful discrimination based on age and gender, and cites company management's public comments in support of those allegations.
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Senior Litigation Counsel Deborah Marcuse, another member of Ms. Reingold's legal team, explained that C&W's failure to promote Ms. Reingold was flagged by insiders as a prominent example of gender discrimination in the real estate world.
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Ms. Reingold was recruited by C&W to be Executive Managing Director of its New York City offices in 2005. In this role she managed 180 brokers and more than 190 non-brokers in the company's Midtown and Downtown offices, received the highest possible performance ratings from management, and was viewed by her supervisors and colleagues as the natural successor to the firm's then-New York Area Leader, Joseph Harbert. Despite her heavy workload and stellar performance, Ms. Reingold earned dramatically less than her male counterparts. For example, between 2007 and 2010, Ms. Reingold earned at least $100,000 less than New Jersey Market Leader Gil Medina, even though Medina and Stamford/Westchester Market Leader James Fagan together supervised fewer than half the number staff supervised by Ms. Reingold.
When Harbert left C&W in 2012, company management insisted on undertaking an outside search for his replacement in the position now known as President of the New York Tri- State Region, even though Ms. Reingold not only met all the qualifications for the position but had effectively absorbed many of its duties and responsibilities after Harbert's departure.
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Consistent with C&W's longstanding policy of promoting from within, C&W's CEO of the Americas Jim Underhill repeatedly assured Ms. Reingold that "the job is yours."
Ms. Reingold sues for violations of the New York State Human Rights Law, the New York State Equal Pay Act, the Administrative Code of New York City and the New York Labor Law pertaining to equal pay for equal work, retaliation in the workplace, pay discrimination, and promotion discrimination. Ms. Reingold also claims C&W breached her contract of employment.
Ms. Reingold seeks back pay, unpaid wages, liquidated damages, compensatory damages and punitive damages of $20,000,000, as well as attorneys' fees, costs and expenses, prejudgment and post-judgment interest, and a jury trial.
GlobeSt.com, New York (October 22, 2013, ...
www.sanfordheisler.com, 22 Oct 2013 [cached]
GlobeSt.com, New York (October 22, 2013, 11:10 AM ET) -- Citing a clear emphasis at Cushman & Wakefield on the younger generation, and instances of favoritism of men at the firm-which include a lack of pay equity-New York tri-state region COO and executive managing director Suzy Reingold slapped the company with a discrimination suit Monday that seeks damages of more than $20 million.
Back in 2012, when Joe Harbert vacated the COO position to join Colliers International, Reingold assumed many of his duties and was considered the heir apparent for the position, according to the complaint filed with the New York State Supreme Court-which was to be served on Cushman Monday.
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In fact, the legal filing asserts, Reingold was assured by C&W CEO Jim Underhill that, "the job is yours.
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Attorney Deborah Marcuse of Sanford Heisler, which is representing Reingold in the case, tells GlobeSt.com, "she was informed that 'because this is a big position and we're a large company, we have to run this search.' But if it was such a big deal, why not go with the most qualified person?"
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Reingold had been managing brokers for seven years at Cushman and had more than 15 years of experience in the industry, Marcuse says.
By contrast, the complaint quotes an article that appeared in Crain's New York Business at the time of Lo Russo's hiring, in Feb., 2013, which says in part, "Lo Russo has worked for several years as an in-house leasing broker at Vornado. The new role would put Lo Russo in the prominent role of managing some of the city's top leasing brokers.
It continues, "Lo Russo will take over the role from Suzy Reingold. Though Lo Russo is well regarded in the industry, bringing him in to replace Reingold marks another occasion in which a high ranking position in the real estate business has gone to a man, a move sure to feed perceptions of the industry as a male bastion."
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Says Marcuse, "they told Reingold she was going to work with Lo Russo; it's almost like they were saying they know he's not up to the job."
The complaint goes on to site a clear emphasis on youth at Cushman & Wakefield. As it happens, Reingold first brought Lo Russo to the attention of Cushman executives, but she suggested him for a middle management role. When she tossed out the name, the complaint alleges, "Underhill's only question about the candidate, on two separate occasions, was "how old is he?"
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The press release announcing the hire included Lo Russo's age but did not mention Reingold's.
Meanwhile, Reingold also alleges she was short-changed on compensation in several ways-and in one instance was told to stifle concerns after she complained. When she was hired in 2005, she was guaranteed an annual salary of $250,000 and then received a raise to $300,000 in January, 2008.
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When Reingold complained to the firm's general counsel at the time, she was told not to pursue the matter further unless she was planning to leave the firm, according to the complaint.
Additionally, Reingold claims her compensation has been at least $100,000 less than her male counterpart in New Jersey for every year since 2007 and was lower than her Stamford/Westchester male equivalent for all but one of those years.
Reingold continues to work at Cushman & Wakefield and was reportedly at the office on Monday. However, the atmosphere has been hostile, according to the lawsuit.
Reingold claims that shortly after Lo Russo's hire, she was told she would be promoted to the newly created position of NY tri-state COO and equal her West Coast counterpart, who is COO and EVP.
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It also charges that Reingold has been "stripped of many of her former responsibilities and marginalized by company management since bringing her complaints. The complaint notes that Underhill pulled Reingold out of negotiations for Cushman offices Downtown, stating that the "significance" of the deal warranted Lo Russo taking her place, and it alleges that Lo Russo has "gone out of his way to exclude Reingold from "key decisions and question her authority."
Suzy ...
nypost.com, 21 Oct 2013 [cached]
Suzy Reingold
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Suzy Reingold, Cushman & Wakefield's chief operating officer, is suing the Manhattan real-estate giant for age and gender discrimination after it allegedly passed her over for a promotion.
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On multiple occasions, C&W CEO of the Americas Jim Underhill "reassured" Reingold that the job of tri-state president "is yours," according the complaint.
Reingold herself suggested Lo Russo, then a broker with Vornado Realty Trust and chairman of the Young Men's/ Women's Real Estate Association, for a mid-level position.
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An attorney, Reingold was hired in 2005 as executive managing director and supervised over 180 brokers and over 190 non-broker staff as head of the Midtown and Downtown.
The suit claims she was paid $100,000 less than two men in Connecticut and New Jersey who each managed half the number of employees.
In 2008, she was advised her then new $300,000 salary would be reduced by 5 percent as part of company-wide cost cutting.
When she complained that violated her contract, she was told to either quit or never bring it up again, according to the complaint.
C&W is the largest private real-estate company in the world with 15,000 employees and 253 offices in 60 countries.
Filed underCushman & Wakefield, Gender Bias, Lawsuits, Suzy Reingold
Joanne Podell Named "2012 Woman of the Year" by NY Women Executives in Real Estate - Cushman & Wakefield
www.cushmanwakefield.com, 17 Oct 2012 [cached]
"Joanne Podell is well-deserving of this honor based on her exceptional leadership abilities and business acumen," said Suzy Reingold, Executive Managing Director of Cushman & Wakefield's New York City offices.
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