How Citrin Cooperman’s Arnie Herrmann Built a Career Rooted in ‘Trust and Service’

How Citrin Cooperman’s Arnie Herrmann Built a Career Rooted in ‘Trust and Service’ hakkında magazin dünyasında yaşanan en son ayrıntılar ve sıcak gelişmeler netleşti. Nov 12, 2026 7:16am PT How Citrin Cooperman’s Arnie Herrmann Built a Career Rooted in ‘Trust and Service’ Variety’s Business Manager of the Year honoree prizes his reputation for integrity, transparency and long client relationships By Cynthia Littleton Plus Icon Cynthia Littleton Business Editor @Variety_Cynthia Latest Movie Marketing Veteran Gerry Rich on Opening ‘Iron Man,’ Grappling With AI and Maintaining the Human Touch 13 hours ago The Business of Being a Business Manager; ‘The Secret Reading Club of Kabul’ Directors on Finding Inspiration and Courage 2 days ago LISTEN: ‘Roland Martin Unfiltered’ Rides Midterm Elections Momentum After Historic Vote 3 days ago See All Add us as a Google Preferred Source Comments Arnie Herrmann was 22 years into his career as a business manager when he came face-to-face with a crisis that led him to a crossroads. At the time, Herrmann worked for the prominent New York-based firm of Starr and Company.

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The company was well known for representing stars and prominent figures in business. Herrmann had built a successful practice as he climbed the ranks starting in 1988.

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Related Stories ‘How to Rob a Bank’ Review: Nicholas Hoult and Zoë Kravitz Take Their Paychecks in an Annoyingly Flashy, Emotionally Turgid Influencer-Age Heist Movie Around 2005, the situation at Starr and Co. started to deteriorate.

Founder and owner Kenneth I. Starr (not to be confused with the late federal prosecutor of the same name) began to behave erratically in his personal life.

Over time, Starr’s behavior as he embarked on his fourth marriage began to have repercussions for his namesake firm. The global economic crisis of 2008-2009 and the eruption of the Bernie Madoff scandal only made the situation more urgent.

Starr was destined for federal prison. In 2011, he was convicted of fraud and sentenced to seven and a half years for stealing $33 million from his clients in a Ponzi scheme.

Like many employees at Starr and Co., Herrmann didn’t know the specifics of what was going on at the time. But he could clearly see that something was wrong, and he knew the firm’s long-established reputation was not going to be enough to weather the storm.

Herrmann resigned from Starr & Co. in January 2010 to join rival Citrin Cooperman .

Starr was arrested six months later, and the firm wound up imploding. “I left because we were bleeding clients just because of his behavior,” Herrmann says.

“New York City can be a very small place. And while he was raving around New York City, people were getting worried about their money.” Watching a once-great firm fall apart was a profound experience for the New Jersey native.

Watching Starr’s self-destruction was not so much a lesson for Herrmann but a vivid example that reinforced the principles that have long guided his work. Herrmann’s success and sterling reputation led him to be selected as Variety ’s Business Manager of the Year.

“To distill it down to two words I’ve used my whole life: Trust and service,” Herrmann says. “I’ve always said I’m not the smartest person in the room, perhaps, but no one’s going to outwork me.

And I understood that a business manager needed to service clients to the nth degree. Once you do that, once you communicate well and once you explain things the way the clients want to hear them, that service leads to trust, I believe.” Herrmann will receive the award on Nov.

12 as part of Variety ’s annual Business Managers Breakfast. Candice Bergen, a longtime client of Herrmann,

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