Wall Financial Corporation
Founded in 1969 as "Wall & Redekop Corp.", and listed since 1973 on the Toronto Stock Exchange (TSX: WFC), Wall Financial Corporation is a publicly traded real-estate investment and development company. Wall's early property deals, in the 1960s, were made in the suburbs of South Vancouver. In the late 1980s, when the company acquired its first major downtown site, Wall became the corporation's majority owner with a 56% stake. By January 2008, its annual revenue was $199.5 million, with a net income of $24.5 million. At that time, the company was listed as owning and managing "980 rental residential units and 865 hotel rooms". The company has been described as a barometer of Vancouver's real-estate market; but Wall and his firm have also been accused of driving up land values themselves.
Wall stepped down as Director and Chairman of the Board in 2005 and is now its Consultant and Advisor. Since 1994, the company's President has been Wall's nephew, Bruno Wall.
Read more about this topic: Peter Wall (property Developer)
Famous quotes containing the words wall, financial and/or corporation:
“When all this is over, you know what I’m going to do? I’m gonna get married, gonna have about six kids. I’ll line ‘em up against the wall and tell them what it was like here in Burma. If they don’t cry, I’ll beat the hell out of ‘em.”
—Samuel Fuller, U.S. screenwriter, and Milton Sperling. Samuel Fuller. Barney, Merrill’s Marauders (1962)
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)