LexCorp was originally organized as an aerospace engineering firm started in the top floor offices of the Daily Planet building in Metropolis and has since become one of the world’s largest, most diversified multinational conglomerates.
The company grew by acquisition, starting with struggling airlines “Inter-Continental Airlines” and “Atlantic Coast Air Systems”, renaming them to “LexAir”. When rising profits were threatened by fuel shortages, LexCorp bought out Southwestern Petroleum and renamed it “LexOil”. This pattern of acquisition continued to include the Daily Planet and several Metropolis businesses before LexCorp sold the unprofitable Daily Planet and its building to TransNational Enterprises, establishing an L-shaped 96-story high-rise as its new headquarters.
LexCorp grew rapidly into a diverse international conglomerate with interests in utilities, waste management, industrial manufacturing, computer hardware and software, chemicals, retail, bio-engineering, weapons, pharmaceuticals, oil, communications, airlines, real estate, hotels, restaurants, technology, media, financial services, robotics, security, transportation, satellites, stock brokerage houses, cash businesses, and food. By the timeframe of the Alliance Invasion it was estimated that LexCorp either directly or indirectly employed nearly two-thirds of Metropolis’ population of 11 million people, dominating commerce around much of the world. Among those many subsidiaries are such diverse businesses as Advanced Research Laboratories, Secur-Corp Armored Car Service, North American Robotics, Hell’s Gate Disposal Services, and the Good Foods Group, owners of Ralli’s Family Restaurants and the Koul-Brau Breweries. LexCorp’s major subsidiary companies include LexComp, LexChemical, LexEl Investments, LexMart, LexComm, FedLex, LexOil, LexAir, and TelLex.
When CEO Lex Luthor was elected President of the United States, Talia al Ghul took over the company, who donated a large portion of its profits to the Wayne Foundation during Superman and Batman’s year-long absences. Following his dismissal as president he fired her and took back his place, though she secretly kept a portion of stock.
Competitors include Wayne Enterprises, Kord Enterprises, Queen Industries and S.T.A.R. Labs. LexCorp provides sponsorship to the superhero team The Conglomerate along with American Steel, Dante Foods, Dupree Chemical, Ferris Aircraft, S.T.A.R. Labs, Ovel Oil, Pax Entertainment, and Stagg Enterprises.