Word: armorgroup
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Dates: during 2006-2006
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...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...
...widely noted since Hayden's nomination was announced on May 8 that Kappes might return. But a public filing of the British security firm where Kappes has worked since April of last year, obtained by TIME, reveals that he indeed plans to rejoin the agency. A London filing by ArmorGroup International said flatly that "Steve Kappes, the Group's Chief Operating Officer since November 2005, will be leaving the Group in early June 2006 to accept the position of Deputy Director of the Central Intelligence Agency (CIA)." For his part ArmorGroup CEO Dave Seaton said in a statement. "Steve...
...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...