People: Vector Group Ltd. (VGR)

VGR on New York Consolidated

13.89USD
9 Feb 2010
Price Change (% chg)

$0.21 (+1.54%)
Prev Close
$13.89
Open
--
Day's High
$13.92
Day's Low
$13.55
Volume
344,611
Avg. Vol
352,090
52-wk High
$15.98
52-wk Low
$10.23

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Summary

Name Age Since Current Position
LeBow, Bennett 71 2008 Chairman of the Board
Lorber, Howard 60 2006 President, Chief Executive Officer, Director
Kirkland, J. Bryant 43 2006 Chief Financial Officer, Vice President, Treasurer
Bernstein, Ronald 55 2004 President and Chief Executive Officer of Liggett, Director
Lampen, Richard 55 1996 Executive Vice President
Bell, Marc 48 1998 Vice President, General Counsel, Secretary
Eide, Robert 56 1993 Director
Podell, Jeffrey 68 1993 Director
Sharpe, Jean 62 1998 Director
Beinstein, Henry 66 2004 Director
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Biographies

Name Description
LeBow, Bennett Mr. Bennett S. LeBow is the Chairman of Board of Directors of Vector Group Ltd. and has been a Director of the Company since October 1986. Mr. LeBow, currently a private investor, served as Executive Chairman from January 2006 until his retirement on December 30, 2008. He served as the Chairman and Chief Executive Officer of the Company from June 1990 to December 2005. Mr. LeBow served as President and Chief Executive Officer of Vector Tobacco Inc., a subsidiary of the Company engaged in the development and marketing of low nicotine and nicotine-free cigarette products and the development of reduced risk cigarette products, from January 2001 until December 2007 and as a director from October 1999 until December 2007. Mr. LeBow was Chairman of the Board of New Valley Corporation from January 1988 to December 2005 and served as its Chief Executive Officer from November 1994 to December 2005. New Valley Corporation was a majority-owned subsidiary of the Company until December 2005, when the Company acquired the remaining minority interest, engaged in the real estate business and seeking to acquire additional operating companies and real estate properties.
Lorber, Howard Mr. Howard M. Lorber has been President and Chief Executive Officer of Vector Group Ltd since January 2006 and has served as a Director of the Company since January 2001. He served as President and Chief Operating Officer of the Company from January 2001 to December 2005. From November 1994 to December 2005, Mr. Lorber served as President and Chief Operating Officer of New Valley Corporation, where he also served as a director. Mr. Lorber was Chairman of the Board of Directors of Hallman & Lorber Assoc. Inc., consultants and actuaries of qualified pension and profit sharing plans, and various of its affiliates from 1975 to December 2004 and has been a consultant to these entities since January 2005; a stockholder and a registered representative of Aegis Capital Corp., a broker-dealer and a member firm of the National Association of Securities Dealers, since 1984; Chairman of the Board of Directors since 1987 and Chief Executive Officer from November 1993 to December 2006 of Nathan’s Famous, Inc., a chain of fast food restaurants; a director of United Capital Corp., a real estate investment and diversified manufacturing company, since May 1991; and the Vice Chairman of the Board of Ladenburg Thalmann Financial Services Inc. since May 2001. He is also a trustee of Long Island University.
Kirkland, J. Bryant Mr. J. Bryant Kirkland III, is Chief Financial Officer, Vice President, Treasurer of Vector Group Ltd., since April 2006. Mr. Kirkland has served as a Vice President of ours since January 2001 and served as New Valley’s Vice President and Chief Financial Officer from January 1998 to December 2005. He has served since November 1994 in various financial capacities with us and New Valley. Mr. Kirkland has served as Vice President and Chief Financial Officer of CDSI Holdings Inc. since January 1998 and as a director of CDSI Holdings Inc. since November 1998.
Bernstein, Ronald Mr. Ronald J. Bernstein has served as President and Chief Executive Officer of Liggett since September 1, 2000 and of Liggett Vector Brands since March 2002 and has been a Director of Vector Group Ltd since March 2004. From July 1996 to December 1999, Mr. Bernstein served as General Director and, from December 1999 to September 2000, as Chairman of Liggett-Ducat Ltd., the Company’s former Russian tobacco business sold in 2000. Prior to that time, Mr. Bernstein served in various positions with Liggett commencing in 1991, including Executive Vice President and Chief Financial Officer.
Lampen, Richard Mr. Richard J. Lampen is Executive Vice President of Vector Group Ltd. since July 1996. From October 1995 to December 2005, Mr. Lampen served as the Executive Vice President and General Counsel of New Valley, where he also served as a Director. Since September 2006, he has served as President and Chief Executive Officer of Ladenburg Thalmann Financial Services. Since November 1998, he has served as President and Chief Executive Officer of CDSI Holdings Inc., an affiliate of New Valley seeking acquisition or investment opportunities. Since October 2008, Mr. Lampen has served as interim President and Chief Executive Officer of Castle Brands Inc., a publicly traded developer and importer of premium branded spirits in which we held an approximate 11% equity interest at December 31, 2008. From May 1992 to September 1995, Mr. Lampen was a partner at Steel Hector & Davis, a law firm located in Miami, Florida. From January 1991 to April 1992, Mr. Lampen was a Managing Director at Salomon Brothers Inc, an investment bank, and was an employee at Salomon Brothers Inc from 1986 to April 1992. Mr. Lampen is a director of Castle, CDSI Holdings and Ladenburg Thalmann Financial Services. Mr. Lampen has served as a director of a number of other companies, including U.S. Can Corporation, The International Bank of Miami, N.A. and Spec’s Music Inc., as well as a court-appointed independent director of Trump Plaza Funding, Inc.
Bell, Marc Mr. Marc N. Bell is Vice President, General Counsel, Secretary of Vector Group Ltd. Mr. Bell has been Vice President since January 1998, General Counsel and Secretary since May 1994 and the Senior Vice President and General Counsel of Vector Tobacco since April 2002. From November 1994 to December 2005, Mr. Bell served as Associate General Counsel and Secretary of New Valley and from February 1998 to December 2005, as a Vice President of New Valley. Prior to May 1994, Mr. Bell was with the law firm of Zuckerman Spaeder LLP in Miami, Florida and from June 1991 to May 1993, with the law firm of Fischbein, Badillo, Wagner, Harding in New York, New York.
Eide, Robert Mr. Robert J. Eide has been a Director of Vector Group Ltd since November 1993. Mr. Eide has been the Chairman and Chief Executive Officer of Aegis Capital Corp., a registered broker-dealer and FINRA member firm, since 1984. Mr. Eide also serves as a director of Nathan’s Famous, Inc. and Ladenburg Thalmann Financial Services Inc.
Podell, Jeffrey Mr. Jeffrey S. Podell has been a Director of Vector Group Ltd since November 1993. Mr. Podell has been the Chairman of the Board and President of Newsote, Inc., a privately-held holding company, since 1989. Mr. Podell also serves as a director of Ladenburg Thalmann Financial Services Inc.
Sharpe, Jean Ms. Jean E. Sharpe has been a Director of Vector Group Ltd since May 1998. Ms. Sharpe is a private investor and has engaged in various philanthropic activities since her retirement in September 1993 as Executive Vice President and Secretary of the Company and as an officer of various of its subsidiaries. Ms. Sharpe previously served as a director of the Company from July 1990 until September 1993.
Beinstein, Henry Mr. Henry C. Beinstein has been a Director of Vector Group Ltd since March 2004. Since January 2005, Mr. Beinstein has been a partner of Gagnon Securities LLC, a broker-dealer and FINRA member firm, and has been a money manager and registered representative at such firm since August 2002. He retired in August 2002 as the Executive Director of Schulte Roth & Zabel LLP, a New York-based law firm, a position he had held since August 1997. Before that, Mr. Beinstein had served as the Managing Director of Milbank, Tweed, Hadley & McCloy LLP, a New York-based law firm, commencing November 1995. Mr. Beinstein was the Executive Director of Proskauer Rose LLP, a New York-based law firm, from April 1985 through October 1995. Mr. Beinstein is a certified public accountant in New York and New Jersey and prior to joining Proskauer was a partner and National Director of Finance and Administration at Coopers & Lybrand. Mr. Beinstein also serves as a director of Ladenburg Thalmann Financial Services Inc. and Castle Brands Inc.

Basic Compensation

Name Fiscal Year Total
LeBow, Bennett 8,689,920
Lorber, Howard 10,030,100
Kirkland, J. Bryant 516,650
Bernstein, Ronald 2,216,390
Lampen, Richard 1,238,900
Bell, Marc 577,900
Eide, Robert --
Podell, Jeffrey --
Sharpe, Jean --
Beinstein, Henry --
As Of 30 Dec 2008

Options Compensation

Name Options Value
LeBow, Bennett 12,525,948 99,640,200
Lorber, Howard 1,880,593 5,780,557
Kirkland, J. Bryant 0 0
Bernstein, Ronald 354,323 1,902,393
Lampen, Richard 428,379 2,747,174
Bell, Marc 193,966 1,244,521
Eide, Robert 0 0
Podell, Jeffrey 0 0
Sharpe, Jean 0 0
Beinstein, Henry 0 0

Insider Trading

Name Shares Traded Price
PHILLIP FROST ET AL 139,125 $16.67
PHILLIP FROST ET AL 42,460 $18.18
PHILLIP FROST ET AL 78,750 $14.29
PHILLIP FROST ET AL 39,375 $16.67
PHILLIP FROST ET AL 20,000 $14.15
PHILLIP FROST ET AL 600 $13.74
KIRKLAND J BRYANT III 870 $13.57
PHILLIP FROST ET AL 2,895 $13.76
LAMPEN RICHARD J 100 $13.60
PHILLIP FROST ET AL 2,200 $13.69
PHILLIP FROST ET AL 3,800 $13.75
LAMPEN RICHARD J 300 $13.59
PHILLIP FROST ET AL 505 $13.68
LAMPEN RICHARD J 600 $13.61
LORBER HOWARD M 665,032 $14.43
LORBER HOWARD M 814,443 $9.48
BELL MARC N 300 $14.60
BELL MARC N 174 $14.54
BELL MARC N 476 $14.59
KIRKLAND J BRYANT III 73,295 $9.48
BELL MARC N 6,890 $14.51
BELL MARC N 300 $14.56
BELL MARC N 4,381 $14.53
BELL MARC N 200 $14.58
LAMPEN RICHARD J 162,886 $9.48
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