| Business Summary | | First
Albany
Companies
Inc.,
through
its
subsidiary,
First
Albany
Corporation
(First
Albany),
conducts
investment
banking
and
brokerage
activities,
principally
in
New
York
and
Massachusetts,
which
include
securities
brokerage
for
individual
and
institutional
customers,
and
market
making
and
trading
of
corporate,
government
and
municipal
securities.
First
Albany
also
underwrites
and
distributes
municipal
and
corporate
securities,
provides
securities
clearance
activities
for
other
brokerage
firms
and
offers
financial
advisory
services.
The
First
Albany
Asset
Management
Corporation
(FAAM)
subsidiary
serves
as
investment
manager
by
directing
customers'
investment
and
mutual
fund
assets.
FAAM
makes
investment
decisions,
places
purchase
and
sales
orders,
and
provides
research,
statistical
analysis
and
continuous
supervision
of
the
portfolios.
The
First
Albany
Enterprise
Funding,
Inc.
subsidiary
is
a
private
equity
investment
company,
providing
venture
capital
and
merchant
banking
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FACT,
through
its
subsidiary,
First
Albany
Corp.,
provides
investment
banking
services
with
brokerage
activity
in
NY
and
MA.
FACT
also
underwrites
and
distributes
municipal,
corporate
securities
and
provides
financial
advisory
services.
For
the
six
months
ended
6/30/01,
revenues
fell
11%
to
$84.8
million.
Net
loss
from
continuing
operations
totalled
$1.1
million,
up
from
$486
thousand.
Results
reflect
a
weak
equity
and
investment
banking
market
and
increased
personnel
and
professional
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George McNamee, 54 Chairman,
Co-CEO | $1.2M | $992K | Alan Goldberg, 55 Pres,
Co-CEO | 1.2M | 645K | Steven Jenkins, 36 CFO | 450K | -- | Hugh Johnson, Jr., 60 Sr.
VP,CIO | 580K | 1.2M | Stephen Wink, 42 Sec.
and Gen. Counsel of the Company and First Albany and Sr. VP of First Albany | 410K | 32K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|