Word: armorgroup
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Dates: during 2000-2009
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...Marines from Massachusetts who was hired in December of 2006 to prepare to take over responsibility for the safety of 1,000 employees at the Kabul embassy. Virtually from the moment he arrived in Afghanistan as an employee of a unit of the private security contractor ArmorGroup, which had a contract to manage embassy security starting in July of 2007, Sauer knew there were problems. According to a 46-page complaint Sauer filed in federal court in Washington, D.C., at almost every step of the way he ran into interference from senior company executives. They allegedly told him he just...
...financial deficiencies built into this thing by the business development people," he wrote in one e-mail to top executives, according to the court document. "You are going to have to go into the margin - either commit to spending the money, or pull the plug on this now before ArmorGroup looks more stupid than a box of rocks." (See pictures of British soldiers in Afghanistan...
...ArmorGroup North America • State Department personnel stationed in Kabul who are guarded by Animal House-emulating employees of will not be reassured by these photos...
...head the CIA, there has been much speculation that Stephen Kappes, a former CIA operations chief fluent in Farsi and Russian, might leave a lucrative private-sector post to return as Hayden's deputy. As reported on TIME.com last week, a June 1 London Stock Exchange filing by ArmorGroup International, a London-based security firm where Kappes has worked since April 2005, confirms that he plans to rejoin the CIA. The company said Kappes "will be leaving the Group in early June 2006 to accept the position of deputy director of the Central Intelligence Agency...
...close to a quarter of a million dollars in stock options, according to the company's annual report. That is because he would be forced to give up options on some 190,000 shares of stock in the company that that he appears to have earned, according to ArmorGroup's 2005 annual report; at today's prices those options would be worth some $240,000. But their real value for Kappes would depend on their strike price-the report indicates they're currently trading below this level-and their value when they would become exercisable beginning...