Irvine Co.'s Donald Bren plans for company's future without him
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
Photo: Donald Bren at Irvine Co. headquarters in Newport Beach, Jan. 7, 2011. Credit: Jay L. Clendenin / Los Angeles Times