Referred to as the “baby Berkshire Hathaway,” Leucadia National is one of the largest conglomerates in the United States. The business is capable of generating more than $10.42 billion in annualized revenue. This American holding company has a lot of businesses that cover various industries.
Headquartered in New York City, the company is a component of the S&P 500 and the Russell 3000 Indices. In addition to their main office, they also have offices in Salt Lake City, Utah. As of June 2011, the business has a market capitalization of more than $8 billion. Through its subsidiaries, the company engages in health care services, banking and lending, real estate, mining & drilling services, winery and in telecommunications. Its subsidiaries include Leucadia Energy, Linkem, Jefferies, Berkadia Commercial Mortgage, National Beef Packing, Idaho Timber, Conwed Plastics, Garcadia Holdings, HomeFed and Snowbird Ski Resort. Currently Fortescue Metals Group and Jefferies are the two largest investment made by the company. Leucadia offers its services across the Americas, in Europe and in Asia. They provide equity research, trading activities, sales, prime brokerage, securities lending, foreign exchange products, equity, debt financing activities, equity capital markets, fixed income sales and trading and financing.
Leucadia National’s operation covers the entire globe. It continues to expand its reach by investing and acquiring promising businesses. It also pursues partnership with other companies that allow Leucadia to further diversify its investments. Currently, it holds some of the largest operations in the industries it thrives in. One of their largest operations is a partnership with Berkshire Hathaway in the entity of Berkadia Commercial Mortgage. This partnership has a 50/50 share agreement.
The company is a publicly traded company on the New York Stock Exchange. It trades under the symbol LUK. Its global operations are supported by their more than 14,600 employees. Richard B. Handler (CEO) and Brian P. Friedman (President) oversees the operations of the conglomerate.