| | Business Summary | | New
Valley
Corporation
was
engaged
in
the
investment
banking
and
brokerage
business
through
its
ownership
of
Ladenburg,
Thalmann
&
Co.
Inc.,
and
in
the
real
estate
business
in
Russia
through
BrookeMil
Ltd.,
Western
Realty
Development
LLC
and
Western
Realty
Repin
LLC.
Ladenburg
is
a
full-service
broker-dealer
that
provides
its
services
principally
for
middle-market
and
emerging
growth
companies
and
high-net-worth
individuals
through
a
coordinated
effort
among
corporate
finance,
research,
capital
markets,
investment
management,
brokerage
and
trading
professionals.
BrookeMil
is
developing
a
three-phase
complex
on
2.2
acres
of
land
in
downtown
Moscow,
for
which
it
has
a
49-year
lease.
In
May
2001,
the
Company
sold
Ladenburg,
Thalmann
&
Co.,
Inc.
to
GBI
Capital
Management
Corp. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | New
Valley,
Inc.
is
engaged
in
investment
banking,
brokerage
services,
real
estate
development
and
the
ownership
and
management
of
commercial
real
estate.
For
the
six
months
ended
6/30/01,
revenues
fell
15%
to
$49.4
million.
Net
loss
before
discontined
operations
totaled
$6.3
million,
up
from
$2.4
million.
Results
reflect
decreased
Ladenburg's
revenues
due
to
lower
commissions
and
corporate
finance
fees
as
a
result
of
the
less
active
equity
market,
and
increased
S/G/A
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Bennett LeBow, 63
Chairman
and CEO | $2.1M | Howard Lorber, 52
Pres,
COO | 2.2M | J. Bryant Kirkland, III, 35
CFO,
VP, Treasurer | 350K | Richard Lampen, 47
Exec.
VP, Gen. Counsel | 750K | Marc Bell, 40
VP,
Associate Gen. Counsel and Sec. | 400K | | 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/n/nval.gif)