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Better start shopping…

Father’s Day is still a month away but hopefully two sons that have benefitted from their dad’s corporate ties have already begun to start shopping for a truly special gift. Gary Green, whose father, Stephen, is chairman of SL Green Realty (SLG) saw a nearly 40% spike in revenues during the first quarter of 2004 at his cleaning company, which provides services to buildings owned by dad’s Manhattan-based company. The younger Green also has 2 other companies — a security firm and a messenger service — that also saw a nice spike in dad-related revenues during the quarter, according to the company’s recent Q. Last year, the cleaning firm rang up $4.3 million in revenues from SL Green, compared with $3.4 million in 2002, a 26% increase. The security firm rang up $3.7 million, compared with $3.2 million a year earlier. And in Texas, Patterson-UTI Energy (PTEN) paid a trucking firm owned by the son of its president and COO $740,000 last year, more than twice what it paid the firm in 2002, according to the recently filed proxy. Clearly, both of these dads deserve something nice in return