BNET Industries
Market Cap:$5.5B
Last Fiscal Year Sales:$1.0B
- Public
- US
Dow Jones Description
The Company is a diversified holding company engaged in a variety of businesses, including manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development and winery operations. The Company also has significant investments in the common stock of two public companies that are accounted for at fair value, one of which is a full service investment bank and the other an independent auto finance company. The Company also owns equity interests in operating businesses and investment partnerships which are accounted for under the equity method of accounting, including a broker-dealer engaged in making markets and trading of high yield and special situation securities, land based contract oil and gas drilling, real estate activities and development of a copper mine in Spain. The Company concentrates on return on investment and cash flow to maximize long-term shareholder value. Additionally, the Company continuously evaluates the retention and disposition of its existing operations and investigates possible acquisitions of new businesses. In identifying possible acquisitions, the Company tends to seek assets and companies that are out of favor or troubled and, as a result, are selling substantially below the values the Company believes to be present.
Chairman of the Board and Chief Executive Officer
Ian M. CummingNumber of Employees 3,584
Peer Companies
NAICS Code Wired Telecommunications Carriers: 517110
Recent Events
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Leucadia National Corporation Announces Nine Month 2009 Results
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Money Report
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Leucadia National Corporation Announces Six Month 2009 Results
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Report: Berkshire Hathaway tried to buy parts of CIT Group
News & Analysis
Filter by
finance and leucadia national corp. - All News and Analysis
Leucadia National Corporation Announces Completion of Investment in WilTel Communications Group, Inc
- 2002-12-02
Business Editors NEW YORK--BUSINESS WIRE--Dec. 2, 2002 Leucadia National Corporation (NYSE:LUK)(PCX:LUK) today announced that it has completed the previously announced acquisition of 44% of the outstanding equity of WilTel Communications Group, Inc. ("WilTel"). The aggregate purchase price of $330 million, in the form of irrevocable letters of...
New and joint ventures
- 2001-04-01
GMAC Business Credit, a part of GMAC Financial Services, is entering the equipment financing arena with the creation of an equipment finance division. Lee Palm is named president of the new division, which will be headquartered in Atlanta. Mike Reisner becomes senior vice president with responsibility for all aspects of...
Around the industry
- 2001-04-01
The Finova Group Inc., Scottsdale, Arizona, secures an agreement with Berkshire Hathaway Inc., Omaha, and Leucadia National Corporation, New York, for a $6 billion loan to Finova Capital Corporation in connection with a restructuring of all of Finova Capital's outstanding bank and publicly traded debt securities. The restructuring will be...
2000: The Year in Review.(insurance industry)
- 2001-01-01
Reform regulation, online sales and the first signs of a firming property/casualty market offer a glimpse of where the insurance industry is headed in 2001. Financial-services reform and the attendant privacy concerns made headlines throughout 2000 as regulators, insurers and consumer advocates worked...
Leucadia and Reliance Enter Into Agreement for Leucadia to Acquire Reliance
- 2000-05-26
Business & Insurance Editors NEW YORK--BUSINESS WIRE--May 26, 2000 Leucadia National Corporation (NYSE and PCX: LUK) and Reliance Group Holdings, Inc. (NYSE:REL) today jointly announced that they have entered into a definitive agreement for the acquisition of Reliance by Leucadia. Under the terms of the proposed transaction,...
Leucadia National Corp. Announces Expected Loss on Russian Investments and Confirmation of Share Buyback Program
- 1998-08-27
NEW YORK--BUSINESS WIRE--Aug. 27, 1998--Leucadia National Corp. (LUK - NYSE and PCX) announced today that, in response to recent developments in the Russian securities markets, it expects to reduce the carrying value of its $60 million investment in Russian debt and equity securities by a very significant amount in the...
Leucadia makes announcement
- 1994-11-23
NEW YORK--BUSINESS WIRE--Nov. 23, 1994--Leucadia National Corp. (NYSE and PSE: LUK) stated Wednesday that it is aware of the Proposition 103 rollback assessment ($35.3 million, plus interest of $21.7 million) against its Colonial Penn Group property and casualty subsidiaries announced yesterday by the California Department of Insurance. ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Joseph S. Steinberg | President |
| Joseph A. Orlando | Chief Financial Officer |
| Thomas E. Mara | Executive Vice President |
| Barbara L. Lowenthal | Vice President & Controller |
| H.E. Scruggs | Vice President |
| Joseph M Connor | Vice President |
| Justin R. Wheeler | Vice President |
| Laura E Ulbrandt | Assistant Vice President and Secretary Annual Meeting of Shareholders of |
| Rocco Nittoli | Vice President and Treasurer |
| Mark Young |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Ian M. Cumming | Chairman of the Board and Chief Executive Officer |
| Jeffrey Keil | Chairman |
| Jesse Clyde Nichols | Chairman |
| Temple East South | Chairman of the Board |
| Alan J. Hirschfield | Board of Directors |
| James E. Jordan | Board of Directors |
| Lawrence D. Glaubinger | Board of Directors |
| Paul M. Dougan | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Chairman of the Board and Chief Executive Officer | Current |
| Premier Inc. | Member, Board of Managers | Current |
| The FINOVA Group, Inc. | Chairman of the Board | Current |
| Jefferies Group, Inc. | Director | Current |
| AmeriCredit Corp. | Director | Current |
| Voteproxy | Board of Directors | Current |
| SkyWest Inc. | Director | Current |
| Homefed Corp | Director | Current |
| Fortescue | Director | Current |
| The FINOVA Group, Inc. | Board of Directors | Former |
| Leucadia National Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | President | Current |
| The FINOVA Group, Inc. | President | Current |
| White Mountains Insurance Group, Ltd. | Director of the Company | Current |
| Premier Inc. | Member, Board of Managers | Current |
| Voteproxy | Chairman | Current |
| Fortescue | Director | Current |
| Homefed Corp | Director | Current |
| Leucadia National Corporation | Board of Directors | Current |
| The FINOVA Group, Inc. | Board of Directors | Current |
| All City Insurance Inc | Director | Current |
| Jordan Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Chief Financial Officer | Current |
| Leucadia National Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Executive Vice President | Current |
| Leucadia National Corporation | Treasurer | Current |
| MK Resources | President | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Vice President & Controller | Current |
| Leucadia National Corporation | Comptroller | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Vice President | Current |
| Sangart, Inc. | Current | |
| Conwed Plastics | Chairman | Former |
| Brigham Young University | Doctorate degrees | Former |
| Brigham Young University | Doctorate degrees | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Vice President | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Vice President | Current |
| Conwed Plastics | Chairman | Current |
| AmeriCredit Corp. | Board of Directors | Current |
| Sangart, Inc. | Board of Directors | Current |
| International Assets Holding Corporation | Board of Directors | Current |
| Leucadia National Corporation | President, Asset Mgmt Group | Former |
| Leucadia National Corporation | Executive of the Asset Management Group | Former |
| Utah State University | Bachelor of Science | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Assistant Vice President and Secretary Annual Meeting of Shareholders of | Current |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Vice President and Treasurer | Current |
| Leucadia National Corporation | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Sangart, Inc. | Vice President, Preclinical Research and Development | Current |
| Leucadia National Corporation | Current | |
| Arkona, Inc. | Board of Directors | Current |
| Goober Drilling Corporation | Board of Directors | Current |
| CS First Boston, Inc. | Financial Analyst | Former |
| Rutgers University | Ph.D. In Physiology | Former |
| Harvard University | Masters In Business Administration | Former |
| North Carolina State University | B.S In Biological Science | Former |
| Organization | Position | Status |
|---|---|---|
| Anthracite Capital, Inc. | Chairman | Current |
| Leucadia National Corporation | Chairman | Current |
| Anthracite Capital, Inc. | Director | Current |
| Ellesse, Ltd. | President | Former |
| Republic New York Corporation | President | Former |
| Presidential Life Corporation | Director, Chairman of the Finance Committee of the Board | Former |
| Republic New York Corporation | Director | Former |
| Leucadia National Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Chairman | Current |
| Jordan Industries, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Chairman of the Board | Current |
| Organization | Position | Status |
|---|---|---|
| Peregrine Systems, Inc. | Current | |
| Carmike Cinemas, Inc. | Chairman | Current |
| Leucadia National Corporation | Board of Directors | Current |
| Cantel Medical Corp. | Board of Directors | Current |
| Twentieth Century Fox Film Company Ltd | Chief Executive Officer | Former |
| Columbia Pictures | Chief Executive Officer | Former |
| Columbia Pictures | President | Former |
| American Film Institute | trustee | Former |
| Twentieth Century Fox Film Company Ltd | Chairman | Former |
| Carmike Cinemas, Inc. | Director | Former |
| Cantel Medical Corp. | Vice Chairman | Former |
| Harvard Business School | master of business administration | Former |
| The University of Oklahoma | bachelor of arts degree | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Board of Directors | Current |
| Stern & Stern Industries Inc. | Chairman of the Board | Former |
| Organization | Position | Status |
|---|---|---|
| Leucadia National Corporation | Board of Directors | Current |
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