Wesco Financial Corporation Guide, Meaning , Facts, Information and Description
Wesco Financial Coproration is a diversified financial corporation headquartered in Pasadena, California.Wesco was originally a Savings and Loan Association. It is an 80.1%-owned subsidiary of Berkshire Hathaway Corporation, which is controlled by legendary investor Warren Buffett. It is chaired by Charlie Munger, who is also vice-chairman of Berkshire Hathaway and the man that Buffett has often publicly referred to as his "partner". Munger, formerly a practicing attorney, is known for his straight-shooting style and his conduct at the annual Wesco shareholder meetings in Pasadena, where he often interacts with the outside investors at considerable length.
Wesco's holdings include Precision Steel Corp., Kansas Bankers Surety Insurance Company, CORT Furniture leasing, and several other businesses.
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