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  September 5, 2001
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Home > Company Index > Diversified Services > Security & Protection Products & Services > Wackenhut Corrections Corporation

Wackenhut Corrections Corporation
NYSE: WHC
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 PROFILE
The jailhouse rock has nearly proved a stumbling block for Wackenhut Corrections. One of the largest private prison operators in the US (along with rival Corrections Corporation of America), the firm operates more than 50 facilities with nearly 40,000 beds, located mostly in the US, but also in Australia, New Zealand, Puerto Rico, South Africa, and the UK. The company offers educational, rehabilitative, and vocational training programs. Wackenhut Corrections provides facility design, construction, and financing for clients building new prisons. The company has continued to grow despite riots and allegations of sexual and physical misconduct by its guards. Security firm Wackenhut Corporation owns 57% of the company.

 COMPETITION
Cornell Companies, Inc. (CRN)
Corrections Corporation of America (CXW)
Securicor plc (SCR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 535.60
1-Yr. Sales Growth: 22.1%
Employees: 10,094
Revenue per employee: $53,061.22

 KEY PEOPLE
• George C. Zoley
    CEO
• John G. O'Rourke
    CFO

 CONTACT INFO
4200 Wackenhut Dr., Ste. 100
Palm Beach Gardens, FL 33410
US
Phone: 561-622-5656
Fax: 561-691-6736
Online: Web Site

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