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Fix Request for Incorrect/Outdated Content

[edit]

Hi, I’m an employee of Vector Group and noticed a number of incorrect and outdated references on this page. Also, some of the page is written like a laundry list of uncited, outdated, or incorrect investments, which I understand is against Wikipedia rules (see Wikipedia’s policy against directories). I would propose removing and rewriting that section in prose with correct and cited content. I cannot make the fixes myself because of my COI. Would someone be able to help? I’ve outlined my proposed changes along with sources below. (I’ve used strikeouts to denote a proposed deletion, and bold to denote a proposed addition): Thank you for your consideration.

  • In the InfoBox, the year the company was founded is wrong and not cited. It should be 1986, not 1999.[1]
  • The “Key people" section of the InfoBox is outdated. Please see below for an accurate version:
Key People
Bennett S. LeBow, Chairman
Howard Lorber, President and Chief Executive Officer
Richard Lampen, Executive Vice President[2]
J. Bryant Kirkland III Senior Vice President, Chief Financial Officer and Treasurer[2]
Marc N. Bell Senior Vice President, General Counsel and Secretary[2]
Ronald J. Bernstein President and Chief Executive Officer of Liggett Group LLC and Liggett Vector Brands LLC[2]
  • The “Products” section of the InfoBox is not accurate. See below for an accurate version:
Alcoholic beverages, hotels, mortgage services, property management, Tobacco, real estate, property management[3]
  • Financial numbers in the InfoBox are outdated. Please see updates for FY 2015 of the “Revenue,” “Net income,” and “Total assets” sections of the InfoBox below:
Revenue
$1.6 billion (FY 2014) $1.7 billion (FY 2015)[3]
Net income
$37.0 million (FY 2014) $59.2 million (FY 2015)[3]
Total Assets
$1.6 billion (FY 2014) $1.3 billion (FY 2015)[3]
  • The “Subsidiaries” section of InfoBox has two errors. See below for corrected version:
Subsidiaries
Liggett Group LLC[3]
Liggett Vector Brands
New Valley LLC
Vector Tobacco
  • The page’s introduction language does not accurately summarize what the company does. See below for suggested changes:
Vector Group Ltd. is an American publicly traded a diversified holding company with two major businesses: Liggett Group LLC[4] (tobacco) and New Valley LLC (real estate), including Douglas Elliman.[5] headquartered at 4400 Biscayne Boulevard in Miami, Florida.
It was Bennett S. LeBow founded Vector Group in 1986 by its . Since then, he has served as Chairman., financier. Bennett S. LeBow. Howard Lorber serves has served as the Company’s President and Chief Executive Officer since 1994[6].
In 2013, Forbes magazine named the Vector Group as one of "America's 100 Most Trustworthy Companies.[7]
  • The current “Holdings” section is outdated, uncited, and reads as a directory list. Since Wikipedia has policy against directories (WP:Wikipedia is not a directory), I’ve rewritten the sections as prose below and would suggest the following changes:
Subsidiaries
Please remove all bulleted content, and replace with:
Liggett Group LLC. Founded in 1873, Liggett Group LLC is the fourth-largest cigarette manufacturer in the U.S.[8] Liggett operates in the discount cigarette market. As of June 30, 2016, Liggett’s family of brands represented a 12% share of the discount market. Its core brands include: Pyramid, Grand Prix, Liggett Select, Eve and Eagle 20’s.[9] Vector Tobacco Inc. is engaged in the manufacture of conventional cigarettes, based in North Carolina.
New Valley LLC. New Valley LLC (formerly known as Western Union)[10] is a diversified real estate company that acquires or invests in real estate properties or projects. It has invested in more than 20 real estate projects as of June 30, 3016.
New Valley owns over 70 percent[11] of Douglas Elliman Realty, LLC, the largest residential real estate brokerage firm in the New York metropolitan area and fourth-largest residential brokerage firm in the U.S.[12]
Investments and real estate holdings
Please change language of this section header to read: Other Investments and real estate holdings
Please remove all bulleted content under "Investments and real estate holdings" section header, (it looks like a directory list and none of the items are cited) and replace with:
Vector Group also owns a portion of Ladenburg Thalmann Financial Services Inc. and of Castle Brands Inc.[13]
Former Investments
Please remove this section as it is a directory list, and none of the items are cited.
  • ”Additional Offices” section header sounds a little strange and is not consistent with other company Wikipedia pages. Can it be updated to read “Office Locations”? Then, it can include both the headquarters info and the additional office address in the same section. See below for some suggested language changes:
Vector Group and New Valley’s headquarters are in Miami, Florida[3] and they have an The company has additional offices at 712 5th Avenue in the Manhattan borough of New York City, New York.[14]

Please feel free to reach out with any questions. Thanks again. BryantTheThird

References

  1. ^ Fairclough, Gordon (26 June 2000). "Liggett's Chief Breaks Rank Again At Tobacco Trial". Wall Street Journal. Retrieved 27 September 2016.
  2. ^ a b c d "Vector Group Ltd". Bloomberg Markets. Bloomberg.com. Retrieved 27 September 2016.
  3. ^ a b c d e f "Vector Group Ltd. 2015 Stockholders' Report" (PDF). Vector Group. Retrieved 27 September 2016.
  4. ^ Ornstein, Charles (6 April 2016). "Top Medical Journal Deflects Criticism of Withholding Data". ProPublica. Retrieved 27 September 2016.
  5. ^ Clarke, Katherine (1 February 2013). "Who really owns NYC's real estate firms?". The Real Deal. Retrieved 27 September 2016.
  6. ^ Bockmann, Rich. "Howard Lorber and the art of brand management". The Real Deal. Retrieved 27 September 2016.
  7. ^ Smith, Jacquelyn (18 March 2013). "America's 100 Most Trustworthy Companies". Forbes. Retrieved 27 September 2016.
  8. ^ Hargreaves, Rupert (18 March 2014). "Here's Why Vector Group is a Great Investment". Motley Fool. Retrieved 27 September 2016.
  9. ^ Vanderford, Greg. "Invest In Vector Group For The Highest Yield In The Tobacco Industry". Seeking Alpha. Seeking Alpha. Retrieved 26 October 2015.
  10. ^ Strom, Stephanie (9 October 1994). "New Valley, Old Management". New York Times. Retrieved 27 September 2016.
  11. ^ Bockman, Rich (18 August 2015). "Douglas Elliman to market condos at HFZ's High Line project". The Real Deal. Retrieved 27 September 2016.
  12. ^ Clarke, Katherine (12 July 2016). "Compass wants investors to believe it's worth $1.3B". The Real Deal. Retrieved 27 September 2016.
  13. ^ "Ladenburg Thalmann Financial Services Inc.: What Next?". Stock Market Insights. 19 May 2016. Retrieved 27 September 2016.
  14. ^ "Offices in New York City". Douglas Elliman. Retrieved 27 September 2016.

BryantTheThird (talk) 13:58, 28 September 2016 (UTC)[reply]

BryantTheThird, I reviewed the proposed edits and they are factual and accurate. I will update the entry accordingly.--CharlesDeMint (talk) 00:27, 26 July 2017 (UTC)[reply]
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