Howard M. Lorber has been the President and CEO of Vector Group since 2006. He has a long history in management roles, including being the CEO of Nathan's Famous, where he helped expand the well-known hot dog and fast food...
Howard M. Lorber has been the President and CEO of Vector Group since 2006. He has a long history in management roles, including being the CEO of Nathan's Famous, where he helped expand the well-known hot dog and fast food brand. His diverse experience also includes being the CEO of Douglas Elliman, one of the largest real estate firms in the U.S. Throughout his career, Lorber has consistently demonstrated his ability to steer companies through various economic challenges and he manages to create growth opportunities. He's known for his strategic thinking and business acumen, which have been key in his leadership roles across different sectors. Interestingly, his total compensation for 2023 was reported as $1,075,590, largely composed of a $1,000 salary, reflecting his focus on long-term incentives rather than short-term cash payments. His stock options and grants are tied to company performance, aligning his interests with those of investors. Lorber owns a significant amount of stock in Vector Group, which shows his commitment and confidence in the company's direction.