| | Business Summary | | Wackenhut
Corrections
Corporation
offers
governmental
agencies
a
comprehensive
range
of
correctional
and
related
institutional
services
to
federal,
state,
local
and
overseas
government
agencies.
Correctional
services
include
the
management
of
a
broad
spectrum
of
facilities,
including
male
and
female
adult
facilities,
juvenile
facilities,
community
corrections,
work
programs,
prison
industries,
substance
abuse
treatment
facilities
and
mental
health,
geriatric
and
other
special-purpose
institutions.
Other
management
contracts
include
psychiatric
healthcare,
electronic
home
monitoring,
prisoner
transportation,
correctional
health
services
and
facility
maintenance.
The
Company
has
an
in-house
capability
for
the
design
and
construction
of
new
facilities,
and
offers
a
full
privatization
package
to
government
agencies
to
include
financing.
Wackenhut
is
a
57%-owned
subsidiary
of
The
Wackenhut
Corporation,
which
is
engaged
in
the
privatization
of
correctional
facilities
throughout
the
world. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Wackenhut
Correction
Corp.
develops
and
manages
privatized
correctional
and
detention
facilities
in
North
America,
the
United
Kingdom,
South
Africa
and
Australia.
For
the
26
weeks
ended
7/1/01,
revenues
rose
5%
to
$276.7
million.
Net
income
decreased
17%
to
$8
million.
Revenues
reflect
new
facility
openings
and
an
increase
in
the
average
facility
occupancy.
Earnings
were
offset
by
increased
expenses
related
to
new
facility
openings. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Wackenhut, 81
Chairman | $474K | Wayne Calabrese, 50
Pres
and COO | 418K | George Zoley, Ph.D., 51
Vice
Chairman, CEO, | 575K | John O'Rourke, 50
CFO,
Sr. VP-Fin., Treasurer | 257K | John Bulfin, 47
Sr.
VP, Gen. Counsel | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/w/whc.gif)