| Business Summary | | Correctional
Services
Corporation
(CSC)
operates
a
wide
range
of
correctional
facilities.
The
Company
is
a
comprehensive
provider
of
juvenile
rehabilitative
services,
with
32
facilities
and
approximately
4,300
juveniles
in
its
care.
In
addition,
the
Company
is
a
developer
and
operator
of
adult
correctional
facilities,
operating
13
facilities
representing
approximately
4,700
beds.
CSC's
adult/community
corrections
division
specializes
in
facilities
that
service,
among
other
populations,
substance
abuse
offenders,
parole
violators,
pre-trial
detainees,
sex
offenders
and
community
corrections.
CSC's
juvenile
division
focuses
on
facilities
that
provide
intensive
treatment
programs
including
educational
and
vocational
services,
treatment
for
habitual
offenders,
specialized
female
services,
detention
services,
sexually
delinquent
juvenile
treatment
programs,
academy
training
programs
and
high-impact
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Correctional
Services
Corp.
is
a
developer,
operator,
and
manager
of
correctional
and
detention
facilities
for
federal,
state
and
local
government.
For
the
six
months
ended
6/30/01,
revenues
decreased
16%
to
$89.5
million.
Net
loss
totaled
$988
thousand
vs.
an
income
of
$3.1
million.
Revenues
reflect
the
discontinuance
of
11
facilities.
Net
loss
also
reflects
a
$375
thousand
legal
settlement
expense
and
a
$146
thousand
loss
on
asset
sales. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| James Slattery, 50 Chairman,
Pres, CEO | $491K | Bernard Wagner CFO,
Sr. VP | -- | Michael Garretson, 52 Exec.
VP, COO | 207K | Aaron Speisman, 52 Exec.
VP, Sec., Director | -- | Richard Staley, 68 Sr.
VP of Strategic Planning, Director | -- | Dollar amounts are as of 31-Dec-1999 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
|
|