Leucadia National Corporation
 |
|
| Public | |
| Traded as | : LUK S&P 500 Component |
| Industry | Conglomerate |
| Founder | Ian M. Cumming Joseph S. Steinberg |
| Headquarters |
520 Madison Ave New York, New York, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Richard B. Handler (CEO) Brian P. Friedman (President) Joseph S. Steinberg (Chairman) |
| Revenue |
 US$ 10.429 billion (2013) |
|
US$ 1,179.8 million (2013) |
|
|
US$ 369.2 million (2013) |
|
| Total assets |
US$ 47.8 billion (2013) |
| Total equity |
US$ 10.2 billion (2013) |
|
Number of employees
|
14,647 (Leucadia and consolidated subsidiaries) |
| Website | leucadia.com |
Leucadia National Corporation is an American holding company that, through its subsidiaries, engages in mining & drilling services, telecommunications, healthcare services, manufacturing, banking and lending, real estate, and winery businesses with a market cap of about $8.0 billion as of June 15, 2011. Largest current investments include Jefferies. The company is sometimes called a "baby Berkshire Hathaway" for the wide range of its holdings.
Leucadia executives Ian Cumming and Joseph S. 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.
Leucadia is headquartered in New York City, but has additional offices in Salt Lake City, Utah. The company's name comes from the seaside town in Southern California and was chosen randomly after several other choices were rejected during the incorporation process. Cumming and Steinberg spotted the sign along the freeway and suggested it as an alternative.
Leucadia's highest profile move as of 2005[update] 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.
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