| Business Summary | | American
Real
Estate
Partners,
L.P.
(AREP)
is
engaged
in,
among
other
things,
rental
real
estate
operations,
hotel,
casino
and
resort
operations,
land,
house
and
condominium
development
and
investment
in
securities,
including
investment
in
other
real
estate
entities
and
marketable
equity
and
debt
securities.
The
Company
continues
to
focus
on
real
estate-related
investments,
and
investments
the
Company
makes
in
securities
will
be
made
in
such
a
manner
that
the
Company
will
not
be
deemed
to
be
an
investment
company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | American
Real
Estate
Partners
acquires
and
manages
real
estate
such
as
office,
retail,
industrial,
residential
and
hotel
properties.
The
Co.
owns
158
real
estate
assets
in
31
states.
For
the
six
months
ended
6/30/01,
revenues
fell
14%
to
$135.4
million.
Net
income
applicable
to
Limited
Partners
fell
5%
to
$31.4
million.
Revenues
reflect
a
decline
in
inventory
of
completed
units
available
for
sale.
Lower
income
was
partially
offset
by
the
absence
of
a
$1.7
million
acquisition
cost. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carl Icahn, 65 Chairman | -- | John Saldarelli, 59 CFO,
VP, Sec., Treasurer | $170K | Albo Antenucci, Jr., 44 COO,
Exec. VP | 275K | Martin Hirsch, 46 Exec.
VP of Acquisitions and Devel. | 290K | 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
|
|