| Business Summary | | Mego
Financial
Corp.
is
a
developer
and
operator
of
timeshare
properties
and
a
provider
of
consumer
financing
to
purchasers
of
its
timeshare
intervals
and
land
parcels
through
its
wholly
owned
subsidiary,
Preferred
Equities
Corporation
(PEC).
PEC
also
manages
timeshare
properties
and
receives
management
fees
as
well
as
fees
based
on
sales
of
timeshare
interests.
By
providing
financing
to
virtually
all
of
its
customers,
PEC
also
originates
consumer
receivables
that
it
hypothecates
and
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MEGO
is
a
developer
of
timeshare
properties
and
a
provider
of
consumer
financing
to
purchase
timeshare
intervals
and
land
parcels
through
its
wholly-owned
subsidiary,
Preferred
Equities
Corp.
For
the
nine
months
ended
5/31/01,
total
revenues
rose
14%
to
$75.7
million.
Net
income
rose
9%
to
$3.3
million.
Revenues
reflect
increased
sales
of
timeshare
interests.
Earnings
were
partially
offset
by
costs
of
new
sales
offices
and
higher
rent
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Nederlander, 67 Chairman
and CEO | $207K | Jerome Cohen, 72 Pres | 311K | Herbert Hirsch, 64 CFO,
Sr. VP, Treasurer, Director | 204K | Jon Joseph, 53 Sr.
VP, Gen. Counsel and Sec. | 229K | Eugene Schuster, 63 VP | -- | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|