| Business Summary | | Wesco
Financial
Corporation
engages
in
three
principal
businesses:
the
Insurance
Business,
through
Wesco-Financial
Insurance
Company
(Wes-FIC),
which
engages
in
the
property
and
casualty
insurance
business,
and
The
Kansas
Bankers
Surety
Company
(KBS),
which
provides
specialized
insurance
coverages
for
banks;
the
Furniture
Rental
Business,
through
CORT
Business
Services
Corporation
(CORT);
and
the
Steel
Service
Center
Business,
through
Precision
Steel
Warehouse,
Inc.
Wesco's
operations
also
include,
through
MS
Property
Company,
management
of
owned
commercial
real
estate
in
downtown
Pasadena,
California,
a
portion
of
which
will
be
redeveloped,
and
management,
pending
liquidation,
of
foreclosed
real
estate
transferred
to
MS
Property
by
a
former
savings
and
loan
subsidiary
of
Wesco. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wesco
Financial
Corporation,
through
subsidiaries,
is
engaged
in
three
principal
businesses:
the
insurance
business,
the
furniture
rental
business
and
the
steel
service
center
businessis.
For
the
six
months
ended
6/30/01,
revenues
fell
65%
to
$293.9
million.
Net
income
fell
92%
to
$34.9
million.
Results
reflect
the
absence
of
realized
security
gains
and
an
increase
in
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Munger, 77 Chairman
and CEO | -- | Robert Bird, 69 Pres | $108K | Jeffrey Jacobson, 53 VP
and CFO | 156K | Robert Sahm, 73 VP | 180K | Dollar
amounts are as of 31-Dec-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
|
|