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Irvine Co.'s Donald Bren plans for company's future without him

February 13, 2011 |  7:30 pm

Bren

Irvine Co. Chairman Donald Bren says he's planning for his company's future after he eventually steps down. The Orange County mega-developer, 78, talked about his plans for the company with Scott Kraft:

In a series of recent conversations, Bren said he has made plans for Irvine Co. to continue as a private company controlled by its independent board of directors, which will choose a new chairman. The beneficiaries, he says, will be a combination of public and private entities, which he declined to specify.

"This is a private company that is set up to operate in perpetuity," he said.

Bren has been more than just the owner; for more than three decades, he's been its entrepreneurial heart.

Read more: Donald Bren's legacy

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Photo: Donald Bren at Irvine Co. headquarters in Newport Beach, Jan. 7, 2011. Credit: Jay L. Clendenin / Los Angeles Times

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