MAGGIE HABERMAN and DAVID SEIFMAN
New York Post
April 4, 2009
Rudy Giuliani’s once-thriving consulting firm is on the ropes, heavily pared down after his aborted presidential run last year, several sources told The Post.
The firm’s client list has thinned out in the past few years, as have partner salaries, the sources said. Some partners have left, and some support staffers let go.
The former mayor himself is infrequently there, the sources said, adding that he’s still working the speaker’s circuit hard and making international trips. He spends much of his time at his law firm, Bracewell and Giuliani.
Giuliani Partners insisted that the reduction in salaries was “not true” and denied that the company is in peril.
The partnership claimed the ex-mayor is spending many days at the firm and that the company is now back to its original model of having fewer — but higher-priced — clients.
Officials said their international clients are in India, Japan and Qatar and that the security and safety division of the firm has grown.
“Rudy’s spending more time than ever at the company helping us to reposition our business, and like every prudent business in this economy, we’re doing everything we can to reduce costs and we are gaining new clients,” said Giuliani adviser Anthony Carbonetti.
The firm declined to name its clients or say how many it has.
The fate of Giuliani Partners is a subject of major discussion in political circles, at a time when the former mayor has told Republican leaders he’s mulling a run for governor.
Privately, several Giuliani boosters noted the bad economy is impacting every consulting firm. Some said not having a raft of new clients could be helpful should he run for statewide office — since his business dealings become fodder for opposition research during the presidential run.
Giuliani built a major international brand in the wake of the 9/11 attacks.
But his costly presidential run flamed out in the Florida primary in January 2008, and the firm has never reverted back to its old form.
The firm is down to about 30 employees from the 60 it had about two years ago, officials said. They acknowledged that the number includes support staff, but insisted it’s more on par with how the company looked when it was first founded.
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