| Business Summary | | AmBase
Corporation
has
assets
that
currently
consist
primarily
of
cash
and
cash
equivalents
and
investment
securities.
The
Company's
main
source
of
non-operating
revenue
is
interest
income
earned
on
investment
securities
and
cash
equivalents.
In
order
to
maintain
the
principal
value
of
its
assets,
AmBase
has
invested
substantially
all
of
its
funds
in
United
States
Treasury
Bills
and
short-term
money
market
funds.
The
Company
continues
to
evaluate
a
number
of
possible
acquisitions,
and
is
engaged
in
the
management
of
its
remaining
assets
and
liabilities,
including
contingent
and
alleged
litigation
liabilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AmBase
Corporation,
through
6.3%
equity
interest
in
SDG,
Incorporated,
acts
as
investment
banker/financial
advisor
to
SDG,
Inc.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenues.
Net
income
totalled
$65.4
million,
up
from
$6.2
million.
Earnings
reflect
the
inclusion
of
$66.4
million
from
the
reversal
of
withholding
obligation
reserve,
along
with
increased
interest
income
due
to
higher
cash
balances
and
decreased
professional
services
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Bianco, 53 Chiarman
of the Board, Pres and CEO | $1.5M | $654.0K | John Ferrara, 39 VP,
CFO and Controller | 192K | 7.4K | 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
|
|