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Wesco Financial Corporation was an American diversified financial corporation headquartered in Pasadena, California. Wesco was originally the holding company for Mutual Savings, a savings and loan association.
Jul 20, 2021 · By the middle of the 1980s, Wesco was starting to transform into a mini Berkshire. In 1987, the group paid $100 million to join Berkshire in its $700 million fundraising for Solomon Brothers.
LETTERS TO SHAREHOLDERS. FROM CHARLES T. MUNGER, CHAIRMAN, APPEARING IN ANNUAL REPORTS FOR YEARS SHOWN BELOW.
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In addition to his role at Berkshire Hathaway, Munger was a founding partner of Munger, Tolles & Olson; chairman of Wesco Financial Corporation from 1984 through 2011; chairman of the Daily Journal Corporation, based in Los Angeles, California; and a director of Costco Wholesale Corporation.
May 28, 2020 · Charlie Munger (Trades, Portfolio) served as CEO and Chairman of Wesco Financial from 1984 to 2011. During this time, he built the company from a small savings and loan business into a...
Feb 7, 2011 · Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and Wesco Financial Corporation (NYSE Amex:WSC) announced today that they entered into a definitive merger agreement, whereby Berkshire Hathaway will acquire the remaining 19.9% of the shares of Wesco's common stock that it does not presently own in exchange for cash or shares of Berkshire ...
May 31, 2018 · Wesco is a diversified financial corporation headquartered in Pasadena California. Wesco does business in three major categories; insurance, furniture rental, and steel service. The company is 80% owned by Warren Buffett and Charlie Munger’s Berkshire Hathaway Group.
