| | Business Summary | | The
Wackenhut
Corporation
is
a
provider
of
diversified
services
to
business
and
government.
The
Company's
business
can
be
divided
into
the
Global
Security
Services,
Correctional
Services
and
Flexible
Staffing
Services.
Security
Services
provides
security-related
and
other
support
services.
Correctional
Services,
which
consists
exclusively
of
the
business
conducted
through
Wackenhut
Corrections
Corporation,
provides
privatized
correctional,
detention
and
public
sector
mental
health,
facility
design,
development
and
management
services.
Flexible
Staffing
Services
provides
personnel
employee
leasing,
temporary
services,
recruiting,
risk
management,
payroll
processing
and
human
resource
services. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | WAK
is
an
international
provider
of
security
related
and
other
support
services
and
a
developer
and
manager
of
privatized
correctional
and
detention
facilities.
For
the
26
weeks
ended
7/1/01,
revenues
rose
11%
to
$1.35
billion.
Net
loss
before
acct.
change
totaled
$500
thousand
vs.
an
income
of
$8.8
million.
Results
reflect
increased
contracts
and
growth
in
Flexible
Staffing
Services,
offset
by
a
$14.7
million
equity
loss
of
affiliated
operations
in
Chile. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Wackenhut, 81
Chairman | $2.6M | Richard Wackenhut, 53
Vice
Chairman, Pres, CEO, | 1.7M | Philip Maslowe
CFO,
Exec. VP, Treasurer | 789K | Alan Bernstein, 53
Exec.
VP and Pres of North American Operations, COO, & Dire | 1.1M | Sandra Nusbaum
Sr.
VP of HR | -- | | Dollar amounts are as of 3-Jan-2001 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/wak.gif)