People: Wesco Financial Corporation (WSC)

WSC on American Stock Exchange

350.66USD
9 Feb 2010
Price Change (% chg)

$0.06 (+0.02%)
Prev Close
$350.66
Open
--
Day's High
$353.80
Day's Low
$348.05
Volume
1,245
Avg. Vol
2,498
52-wk High
$366.00
52-wk Low
$208.01

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Summary

Name Age Since Current Position
Munger, Charles 85 2005 Chairman of the Board, President, Chief Executive Officer
Jacobson, Jeffrey 61 1984 Chief Financial Officer, Vice President
Sahm, Robert 81 1971 Vice President
Greco, Christopher 31 2005 Treasurer
Carlburg, Carolyn 62 1991 Director
Peters, Elizabeth 83 1967 Director
Denham, Robert 63 2000 Director
Flaherty, Robert 71 2003 Director
Kaufman, Peter 55 2003 Director
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Biographies

Name Description
Munger, Charles Mr. Munger is Chairman of the Board, President, Chief Executive Officer . He has been a Director of Wesco Financial Corporation since 1973, and Chairman of the Board and Chief Executive Officer of Wesco since 1984. He has also served Wesco as President since May 2005. He has been Chairman of the Board of Blue Chip Stamps (“Blue Chip”) since 1976, having joined its board in 1969; Blue Chip, the parent of Wesco, is engaged in the trading stamp business. Since 1978, Mr. Munger has been Vice Chairman of Berkshire Hathaway Inc. (“Berkshire”), the parent of Blue Chip; Berkshire is engaged in the property and casualty insurance business and many other diverse businesses. Mr. Munger is Chairman of the Board of Daily Journal Corporation, a publisher of specialty newspapers primarily in California. He is also a director and chairman of the audit committee of Costco Wholesale Corporation, which operates a large chain of membership warehouses.
Jacobson, Jeffrey Mr. Jacobson has served as Vice President and Chief Financial Officer of Wesco since 1984. He has served MS Property Company, a wholly owned Wesco subsidiary, as Vice President and Chief Financial Officer since 1993, and as a director since May 2005. He has served in various financial and other offices of Blue Chip since joining it in 1977 — currently he is Vice President and Chief Financial Officer — and has served as a Blue Chip director since 1987.
Sahm, Robert Mr. Sahm has, since 1971, served Wesco as Vice President in charge of building management and, ultimately, all real estate operations; prior thereto, he served as Building Manager from 1967. Since May 2005, he has served MS Property Company as President, and, prior thereto, as Senior Vice President in charge of property management, development and sales, and as a director, since 1993.
Greco, Christopher Mr. Greco has served Wesco as Treasurer since January 2005. He has also served MS Property as Executive Vice President since January 2008 and, prior thereto, as Treasurer, since January 2005. He has also served Blue Chip as Treasurer since January 2005. Prior thereto, from November 2002, he was employed by PriceWaterhouseCoopers, providing audit, tax-related and business consulting services to publicly traded and privately owned companies, and other clients of that accounting firm.
Carlburg, Carolyn Mr. Carlburg has been a Director of Wesco Financial Corporation since 1991. Since April 2005, she has been Chief Executive Officer of AIDS Research Alliance of America, Inc., a non-profit, national research organization which collaborates with scientists, universities and researchers worldwide. From July 2001, Ms. Carlburg was engaged in the practice of law under her own name and specialized in land use matters and business litigation. From 1997 through July 2001, she was Executive Director of the Center for Community & Family Services, Inc. Prior thereto, she practiced law under the name Carolyn H. Carlburg & Associates.
Peters, Elizabeth Mrs. Peters has been a Director of Wesco Financial Corporation since 1959 except for the period 1961 to 1967. She is engaged in personal investments.
Denham, Robert Mr. Denham has been a Director of Wesco Financial Corporation since 2000. He is a partner of Munger, Tolles & Olson LLP, a law firm which renders legal services for Wesco, Berkshire, and certain of their affiliates. In 1998, he rejoined that firm, with which he had been associated for twenty years, after serving Salomon Inc, a former investee of Berkshire, Wesco and several of their subsidiaries, in the following capacities: 1992 to 1997, Chairman and Chief Executive Officer of Salomon Inc; 1991 and 1992, general counsel of Salomon Inc and its investment banking subsidiary, Salomon Brothers. Mr. Denham is also a director of Chevron Corporation, an international energy company; Alcatel-Lucent, a telecommunications equipment manufacturer; and Fomento Economico Mexicano, S.A. de C.V., a beverage and convenience store company. Since January 2004, he has been Chairman of the Financial Accounting Foundation, which has oversight, funding and appointment responsibilities for the Financial Accounting Standards Board, the Governmental Accounting Standards Board, and their advisory councils.
Flaherty, Robert Mr. Flaherty has been a Director of Wesco Financial Corporation since May 2003. He is a Chartered Financial Analyst and is engaged in personal investments. From 1983 through 1996, he served as President of Flaherty & Crumrine Incorporated, a registered investment and commodities trading advisor. In addition, he served as a director of Flaherty & Crumrine Incorporated until 2002; he retired from that company in January 2003. During his affiliation with Flaherty & Crumrine Incorporated, Mr. Flaherty also served as Chairman, President and Chief Executive Officer of three publicly traded closed-end investment companies managed by that firm.
Kaufman, Peter Mr. Kaufman has been a Director of Wesco Financial Corporation since May 2003. He is Chairman and Chief Executive Officer of Glenair, Inc., a privately held manufacturer of electrical and fiber optic components and assemblies for the aerospace industry. He has served in various capacities at that company since 1977. Mr. Kaufman has also been a director of Daily Journal Corporation since September 2006.

Basic Compensation

Name Fiscal Year Total
Munger, Charles --
Jacobson, Jeffrey 286,000
Sahm, Robert 277,328
Greco, Christopher 177,600
Carlburg, Carolyn --
Peters, Elizabeth --
Denham, Robert --
Flaherty, Robert --
Kaufman, Peter --
As Of 30 Dec 2008

Insider Trading

Name Shares Traded Price
PETERS ELIZABETH CASPERS 315 $348.50
PETERS ELIZABETH CASPERS 685 $348.50
PETERS ELIZABETH CASPERS 350 $298.00
PETERS ELIZABETH CASPERS 50 $298.00
PETERS ELIZABETH CASPERS 495 $224.23
PETERS ELIZABETH CASPERS 500 $299.06
PETERS ELIZABETH CASPERS 60 $272.01
PETERS ELIZABETH CASPERS 40 $272.01
PETERS ELIZABETH CASPERS 50 $418.50
PETERS ELIZABETH CASPERS 250 $418.50
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