as nyse luk s & p 500 component industry conglomerate founder ian m. cumming joseph s. steinberg headquarters 520 madison ave new york new york u.s. area served worldwide key people richard b. handler ceo brian p. friedman president joseph s. steinberg chairman revenue us 10.429 billion 2013 1 operating income us 1 179.8 million 2013 net income us 369.2 million 2013 total assets us 47.8 billion 2013 total equity us 10.2 billion 2013 2 number of employees 14 647 leucadia and consolidated subsidiaries website leucadia.com leucadia national corporation is an american holding company that through its subsidiaries engages in mining & drilling services telecommunications healthcare services manufacturing banking and lending real estate and winery businesses with a market cap of about 8.0 billion as of june 15 2011 . largest current investments include jefferies . the company is sometimes called a baby berkshire hathaway for the wide range of its holdings . 3 contents 1 history 2 subsidiaries and investments 3 merger with the jefferies group 4 other investments 5 references 6 external links history edit leucadia executives ian cumming and joseph s. steinberg both graduated in the same harvard business school class of 1970 . they joined leucadia around 1979 . ian cumming a vancouver native and joseph steinberg each own about 13 % of leucadia s shares . 4 leucadia is headquartered in new york city but has additional offices in salt lake city utah . the company s name comes from the seaside town in southern california and was chosen randomly after several other choices were rejected during the incorporation process . cumming and steinberg spotted the sign along the freeway and suggested it as an alternative . leucadia s highest profile move as of 2005 update was a bid in 2004 to acquire 50 percent of telecommunications company mci s common stock . however after mci received higher bids from other companies leucadia withdrew from the bidding process . 5 subsidiaries and investments edit financial services jefferies group berkadia commercial mortgage 50 50 joint venture with berkshire hathaway homefed 65 % ownership fxcm january 2015 loan 6 merchant banking national beef packing 78.9 % ownership hrg group 23 % vitesse energy 96 % juneau energy 98 % garcadia holdings joint venture with ken garff automotive group linkem 55 % conwed plastics 100 % idaho timber 100 % merger with the jefferies group edit on november 12 2012 jefferies group announced its merger with leucadia its largest shareholder . jefferies was valued at 3.8 billion at the time of the acquisition . jefferies remains independent and is the largest operating company within leucadia . on march 1 2013 leucadia bought the jefferies group for 3.6 billion . the company s founders ian m. cumming and joseph s. steinberg stepped down from their management roles after the merger with mr. steinberg staying on as chairman . the number of directors also increased to 11 from eight including the addition of nine new directors . richard b. handler became chief executive of leucadia while remaining chief executive of jefferies . other investments edit wmac investment corp. a subsidiary of leucadia is the largest backer of pershing square capital management l.p. a delaware incorporated investment partnership . william ackman is the founder of the 10 billion activist hedge fund pershing square . the fund had 20 % returns over the past 9 years . in june 2007 leucadia through a subsidiary purchased most of the assets of resortquest international inc. a vacation rental property management company headquartered in fort walton beach florida from gaylord entertainment company . in december 2011 national beef packing company llc and its major owner u.s. premium beef llc uspb announced the company s majority owners have entered into a membership interest purchase agreement with leucadia national corporation under which leucadia will acquire approximately 79 percent of the outstanding ownership interests in national beef . leucadia through a subsidiary was an investor in controversial syngas plants which utilize coal gasification technology through a department of energy loan guarantee . a 2.6 billion plant was planned in indiana while similar proposals in illinois have met resistance from state regulators . 7 8 the project in indiana was ultimately panned by the state legislature in 2013 . 9 in january 2015 leucadia granted a loan to fxcm after it became insolvent due to a sharp rise in the chf currency after the swiss bank stopped pegging its currency to the euro . the loan value is estimated to be at 300 million . 10 references edit leucadia national corporation annual report 2007 leucadia national corporation 10 k for the 12 months ended 12 31 13 filed 2 28 14 http leucadia.com 10k posting docs lnc 2013 form 10 k.pdf leucadia national corporation 10 k filed 2 28 14 page 70 f2 http leucadia.com 10k posting docs lnc 2013 form 10 k.pdf alden william april 2 2014 . handler leucadia s chief takes pay cut in new role . the new york times . mci says leucadia seeks to buy controlling stake update7 bloomberg . quote.bloomberg.com . 2004 07 12 . retrieved 2015 04 24 . press release verizon enterprise news center home about verizon enterprise solutions . about verizon enterprise solutions . retrieved 2015 04 24 . faux zeke 2015 01 20 . fxcm stock plunges as bailout allows leucadia to force sale . bloomberg.com . retrieved 2015 04 24 . mitch daniels energy murtaugh dan january 12 2012 . illinois ruling hurts leucadia synthetic gas proposal . press register . retrieved 2012 02 15 . bradner eric 2013 04 27 . bradner rockport plant will never be . retrieved 2013 04 29 . press release leucadia national corporation and fxcm announce 300 million financing to permit fxcm to continue normal operations nyse fxcm . ir.fxcm.com . retrieved 2015 04 24 . external links edit leucadia.com official website retrieved from https en.wikipedia.org w index.php title leucadia 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