Wesco Financial Corporation is a diversified financial corporation headquartered in Pasadena, California. Wesco was originally a savings and loan association. It was for a long time 80.1% owned by Blue Chip Stamps, which is wholly owned by Berkshire Hathaway, which is controlled by legendary investor Warren Buffett. Charlie Munger, the vice-chairman of Berkshire Hathaway and Buffett’s business partner, served as CEO and Chairman of Wesco from 1984 to 2011.
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