Leucadia National
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Leucadia National Corporation (traded on the New York Stock Exchange as LUK) is a holding company that, through its subsidiaries, engages in telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses. As of August 2005, Leucadia was valued at over US$4 billion.
Leucadia's highest profile move to-date (as of 2005) was a bid in 2004 to acquire 50 percent of telecommunications company MCI's common stock. However, after MCI received higher bids from other companies, Leucadia withdrew from the bidding process. [1]
Leucadia executives Ian Cumming and Joseph Steinberg both graduated in the same Harvard Business School Class of 1970. They joined Leucadia around 1979. Ian Cumming (a Vancouver native) and Joseph Steinberg each own about 13% of Leucadia's shares. [2]
Leucadia is headquartered in New York City, but has additional offices in Salt Lake City, Utah.
[edit] Executives as of 2005
- Ian M. Cumming
- Chairman, Chief Exec. Officer and Chairman of Exec. Committee
- 64 years old.
- Pay is $650,000 annually.
- Joseph S. Steinberg
- Pres, Chief Operating Officer, Director and Member of Exec. Committee
- 61 years old.
- Pay is $650,000 annually.
- Joseph A. Orlando
- Chief Financial Officer and VP
- 49 years old
- Pay is $1,010,000 annually.
- Barbara L. Lowenthal
- Principal Accounting Officer, VP and Comptroller
- 50 years old.
- Pay is 358,000 annually.
- Thomas E. Mara
- Exec. VP and Treasurer
- 59 years old.
- Pay is 1,310,000 annually.
