Wesco Financial Corp.
301 East Colorado Boulevard
Suite 300
Pasadena,
CA 91101-1901
United States - Map
Phone: 626-585-6700
Fax: 626-449-1455
Web Site: http://www.wescofinancial.com
| Wesco Financial Corporation, together with its subsidiaries, engages in insurance, furniture rental, and steel service center businesses in the United States. The companys Insurance segment provides property and casualty insurance, and reinsurance products, as well as specialized insurance coverage for banks. Its product line for financial institutions includes policies for crime insurance, check kiting fraud indemnification, Internet banking catastrophe theft insurance, directors and officers liability, bank employment practices, and bank insurance agents professional errors and omissions indemnity, as well as deposit guarantee bonds. The companys Furniture Rental segment provides rental furniture, accessories, and related services to corporate and individual customers; offers various office and home furnishings, including commercial panel systems, televisions, housewares, and accessories; sells previously rented furniture through company-owned clearance centers; and provides apartment locator service. As of December 31, 2008, it operated 105 showrooms, 95 clearance centers, and 97 warehouses, as well as 4 Web sites in 34 states. This segments customers include small businesses, professionals, and owners and operators of apartment communities. The companys Industrial segment operates steel service centers to buy stainless steel, low carbon sheet and strip steel, coated metals, spring steel, brass, phosphor bronze, and aluminum; cut these metals to order; and sell them to various customers in the Chicago and Charlotte metropolitan areas. It also manufactures shim stock and other toolroom specialty items, as well as distributes hose clamps and threaded rod under the Precision Brand and DuPage names through industrial distributors. In addition, the company owns a commercial real estate in downtown Pasadena, California. The company was founded in 1925 and is based in Pasadena, California. Wesco Financial Corporation is a subsidiary of Berkshire Hathaway Inc. |
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| Key Statistics |
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| | Pay | Exercised | Mr. Jeffrey L. Jacobson , 61
Chief Financial Officer, Principal Accounting Officer, VP, Chief Financial Officer of MS Property and VP of MS Property |
$
286.00K | N/A | Mr. Robert E. Sahm , 81
VP-In Charge of Building Management & Real Estate Operations and Pres of MS Property Company |
$
255.00K | N/A | Mr. Christopher M. Greco , 31
Treasurer |
$
177.00K | N/A | Mr. Charles Munger , 85
Chairman, Chief Exec. Officer and Pres |
N/A
| N/A | Ms. Margery A. Patrick ,
Sec. |
N/A
| N/A |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.03% Nasdaq 
0.32 (0.09%) 
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