| | Business Summary | | LaBranche
&
Co.,
Inc.
is
a
holding
company
that
is
the
sole
member
of
LaBranche
&
Co.
LLC
and
owns
all
the
outstanding
stock
of
Henderson
Brothers,
Inc.
The
Company's
Henderson
Brothers,
Inc.
subsidiary
is
a
clearing
broker
for
customers
of
several
introducing
brokers
and
provides
direct
access
floor
brokerage
services
to
institutional
customers.
The
Company's
role
is
to
maintain,
as
far
as
practicable,
a
fair
and
orderly
market
in
the
its
specialist
stocks.
As
of
December
31,
2000,
the
Company's
listed
companies
included
68
of
the
S&P
500
Index
companies
and
seven
of
the
30
companies
comprising
the
Dow
Jones
Industrial
Average.
The
Company's
Dow
stocks
are
American
Express
Company,
AT&T,
Exxon
Mobil,
JP
Morgan
Chase,
Merck,
Minnesota
Mining
&
Manufacturing
and
SBC
Communications. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | LaBranche
and
Co.,
Inc.
is
a
specialist
firm
on
the
New
York
Stock
Exchange.
As
of
12/00,
LAB
acted
as
a
specialist
in
386
common
stock
listings.
For
the
six
months
ended
6/30/01,
total
revenues
increased
27%
to
$210.5
million.
Net
income
applicable
to
Common
decreased
8%
to
$37.4
million.
Revenues
reflect
an
increase
in
the
net
gain
on
principal
transactions.
Net
income
was
offset
by
an
increased
interest
expense
and
higher
clearing
and
brokerage
fees. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael LaBranche, 45
Chairman,
Pres and Chief Exec. | $3.7M | Harvey Traison, 61
CFO,
Sr. VP, Director | -- | Robert Murphy, 44
CEO
of LaBranche & Co. LLC, Director | -- | S. Lawrence Prendergast, 59
Exec.
VP, Fin. | -- | James Gallagher, 53
Exec.
VP | 1.3M | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/l/lab.gif)