| Business Summary | | Vector
Group
Ltd.
is
engaged
principally
in
the
manufacture
and
sale
of
cigarettes
in
the
United
States
through
its
subsidiary
Liggett
Group
Inc.;
in
the
development
of
new
less
hazardous
cigarette
products
through
its
Vector
Tobacco
subsidiaries;
and
in
the
investment
banking
and
brokerage
business
in
the
United
States,
and
the
real
estate
business
in
Russia
through
its
majority-owned
subsidiary
New
Valley
Corporation.
Vector
holds
these
businesses
through
its
wholly
owned
subsidiary,
BGLS
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VGR
is
engaged
in
the
manufacture
and
sale
of
cigarettes.
The
Company
is
also
engaged
in
the
real
estate
develop.
banking
and
brokerage
businesses.
For
the
six
months
ended
6/30/01,
revenues
fell
6%
to
$363
million.
Net
income
from
continuing
operations
before
extraordinary
item
totalled
$13.5
million,
up
from
$3.6
million.
Results
reflect
a
decrease
in
sales
at
Ladenburg
and
the
absence
of
sales
from
Ligget-Ducat,
offset
by
the
inclusion
of
a
$1.5
million
gain
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Bennett LeBow, 62 Chairman,
CEO | $5.3M | Howard Lorber Pres,
COO, Director | -- | Richard Lampen, 46 Exec.
VP of the Company and BGLS | 750K | Joselynn Van Siclen, 59 VP,
CFO, Treasurer of the Company and BGLS | 155K | Marc Bell, 39 VP,
Gen. Counsel, Sec. of the Company and BGLS | 300K | Dollar
amounts are as of 31-Dec-1999 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
|
|