Consultants push Wall St. to leave; Downtown's losses are huge, but some companies shrug off fears, concentrate workers in midtown.(Brief Article)(Statistical Data Included)

Crain's New York Business, March, 2002 by Gandel, Stephen

When the World Trade Center was bombed in 1993, Tari Schreider, a leading expert on corporate contingency planning, was flooded with phone calls from financial firms. Wall Street executives wanted to know how much of their workforce should be in one location. Mr. Schreider answered, ``No more than a third.'' Most of those firms ignored his advice nine years ago.

Now, Mr. Schreider says, many more are listening. ``Sept. 11 has absolutely hastened the dispersion of Wall Street,'' says Mr. Schreider, who wrote The Encyclopedia of Disaster Recovery, Security and Risk Management. ``Financial firms that in the past have been reluctant to move away from New York are now taking a hard look at what operations must go.'' Consultants such as Mr. Schreider represent...

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