Luczo is a member of the National Advisory Council for the World Wildlife Fund, a member of the advisory board for All-Stars Helping Kids,[2] a senior advisor to non-profit educational organization the Silicon Valley Japan Platform[3] and is active in a variety of charitable and for-profit ventures through a wholly owned entity, Balance Vector, Inc. His charity initiatives are primarily focused on global environmental issues and programs to help at-risk children in the urban centers of the United States and the rural areas of Sicily, and he is a major donor to Stanford University and Hospital, the World Wildlife Fund, and the Palo Alto Medical Foundation.

[4][5] In 2017 he received the honorary degree DSc (Econ) for services to business and commerce from Queen's University of Belfast in recognition of the role that Seagate Technology has had in Northern Ireland since 1993.

Luczo's work focused on detailed statistical analysis of census data attributes, which correlated the decline in family size as direct decisions of African Americans to address economic conditions and opportunities.

While at the GSB, Luczo was a co-founder (along with Robert Moog, Dave Bagshaw, and Scott Setrakian) of the Hercules Horseshoe Club ("HHC") and of the Hard Core Awards.

Luczo left Touche Ross in 1980 to pursue the system development and deployment at the Port of San Francisco, which was transitioning from a Sperry Univac 1005 to a Microdata Minicomputer.

He attended the 1984 Salomon Brothers training program (a year before Michael Lewis, as described in Liar's Poker), and was hired into the Municipal Finance Department, and was based in San Francisco.

Salomon Brothers was the leading underwriter of Municipal Bonds nationally as was the Firms West Coast office, under the leadership of Terry Atkinson.

Luczo was involved with over 50 financings, which provided billions of dollars of funding for important infrastructure, educational and health care projects.

Stephen Luczo was the Senior managing director of the Global Technology Group of Bear, Stearns & Co. Inc., an investment banking firm, from February 1992 to October 1993.

While at Salomon Brothers, Luczo led the investment banking team for Seagate when it acquired the Imprimis Disk Drive Unit from Control Data in 1989.

[1] In March 1995, he was appointed executive vice president of corporate development and chief operating officer of Seagate Software Holdings.

In July 1998, co-founder & CEO Alan Shugart was asked to resign and Luczo became the new chief executive officer, joining the board of directors.

[13] Historically, Seagate's design centers had been organized around function, with one product line manager in charge of tracking the progress of all programs.

In 1998, Luczo and CTO Tom Porter characterized the organizational redesign of design centers into core teams organized around individual projects, to meet the corporate objective of faster time to market.

He decided to turn the company private, since disk drive producers had a hard time obtaining capital for long-term projects.

As of the date of his hiring, Seagate was losing market share, facing rapidly declining revenues, was lagging in product delivery with high manufacturing costs, had an excessive operating expense structure, and had a balance sheet that was burdened with $2 billion of debt that was due within 2 years.

Luczo revamped the entire management team, and quickly reorganized the company back to a functional structure after a failed attempt to organize by business units in 2007.

[20] Balance Vector Sports includes ownership interest in the Boston Celtics, the Vancouver Whitecaps FC (with Greg Kerfoot, Steve Nash and Jeff Mallet)[21] and IndyCar Series team Luczo Dragon Racing.

[citation needed] Steve Luczo is married to Agatha Relota Luczo, a fashion model who has appeared in numerous magazines including Vogue, W Magazine, Elle and Harpers Bazaar, for brand campaigns including those of Chanel, Yves Saint Laurent, Hermes, and Nina Ricci, and who has worked with fashion photographers Patrick Demarchelier, Steven Klein, Juergen Teller, David LaChapelle, and Scavullo, among others.

[24] Since 2008, Luczo has been active in charitable and economic work in rural Sicily through the Zimbardo-Luczo Fund which provides scholarships for academically gifted students from Corleone and Cammarata.

[29] In May 2007 Luczo ran an entry in the Indianapolis 500 paired with Jay Penske co-owners of Luczo-Dragon Racing Ltd., their driver was Ryan Briscoe, sponsored by Symantec.