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Q: ownership of investment company ( Answered,   0 Comments )
Subject: ownership of investment company
Category: Business and Money
Asked by: moosehead5032-ga
List Price: $200.00
Posted: 08 Nov 2005 20:44 PST
Expires: 08 Dec 2005 20:44 PST
Question ID: 590894
Who owns the McCarthy Group (of Nebraska)
Subject: Re: ownership of investment company
Answered By: leapinglizard-ga on 08 Nov 2005 22:01 PST
Dear moosehead5032,

The McCarthy Group is jointly held by a group of private investors and
by the Omaha World-Herald. McCarthy has not divulged the identities of
its private investors, nor do securities regulations require the company
to do so, for it is privately held and traded. According to published
reports, not even Wall Street knows the name of every private investor
in the McCarthy Group.

    Furthermore, a comprehensive report ordered by The Hill from
    Dun & Bradstreet, a leading financial information firm serving
    creditors and investors, indicated that McCarthy Group Inc.?s
    financial information is not publicly available.

The Hill: Hagel?s ethics filings pose disclosure issue

It is likely, however, that one major investor in the McCarthy Group is
its founder, Michael McCarthy. Mr. McCarthy is a director of the McCarthy
Group and of several companies held by the McCarthy Group.

    Mr. McCarthy is the chairman of McCarthy Group, Inc. (MGI),
    and serves on the Underwriting Committee.  Prior to co-founding
    MGI in 1986, Mr. McCarthy founded and managed private companies
    in a variety of industries including securities, construction,
    real estate and cable television.

McCarthy Group: Board of Directors

One minor investor whose identity has been revealed is Charles Hagel,
a Republican senator for Nebraska. He has invested between $1 million
and $5 million in the McCarthy Group.

    According to his financial filings, Hagel's investments with
    the McCarthy Group are still between $1 million and $5 million.

On Lisa Rein's Radar: More on Senator Hagel's "Nebraska Problem"

The Omaha World-Herald, for its part, is an employee-owned firm.

    In 1963, Peter Kiewit purchased The World-Herald to ensure
    the paper would continue to be locally owned. In his will,
    Kiewit provided for the newspaper to be sold to its employees,
    and it has been employee-owned since 1979. The World-Herald is
    the largest employee-owned daily newspaper in the United States.

Omaha World-Herald: About The World-Herald


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