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  September 5, 2001
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Home > Company Index > Financial Services > Investment Firms > Tracinda Corporation

Tracinda Corporation
 PROFILE
Tracinda may be the majority owner of casino and hotel operator MGM Mirage and MGM, but its biggest show is owner Kirk Kerkorian, who has owned all or part of the studio three times. He bought it first in 1969 and sold it to -- and bought it back from -- Ted Turner. After selling to financier Giancarlo Parretti, Kerkorian bought MGM again when Credit Lyonnais auctioned the studio after Parretti defaulted. In 1996 Kerkorian and Lee Iaccoca tried to take over Chrysler before it merged with Daimler-Benz; he is suing the carmaker, claiming the merger was really a takeover that jilted shareholders. He maintains a minority stake in DaimlerChrysler. Tracinda is named after Kerkorian's daughters, Tracy and Linda.

 COMPETITION
Mandalay Resort Group (MBG)
The News Corporation Limited (NWS)
Warner Bros. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1997 Sales (mil.): 1,500.00
1-Yr. Sales Growth: 14.1%
Employees: 750
Revenue per employee: $2,000,000.00

 KEY PEOPLE
• Kirk Kerkorian
    CEO
• Anthony L. Mandekic
    CFO

 CONTACT INFO
150 Rodeo Dr., Ste. 250
Beverly Hills, CA 90212
US
Phone: 310-271-0638
Fax: 310-271-3416

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