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Ear to the Ground

Business Booms in the Executive Protection Industry

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Posted on Aug 12, 2011
Flickr / evitbolt

A rising number of celebrities, corporate executives and other people with great wealth and status are paying big bucks for personal protection forces. Almost 80 percent of executives polled by members of the security industry expressed an increased need for bodyguards in the current economic recession, with some protection firms reporting 30 to 50 percent increases in revenue in 2009.

There is reason to fear the social consequences of a small but growing population of personal mercenaries. Recent neurological research, including the famous study of the brains of London taxi drivers, has demonstrated that what one learns and does on a regular basis for long periods of time structures the mind. As a friend of this writer familiar with such studies said after reading the article below: “A job in which one must be on alert for eight or more hours daily for passers-by, amblers and loafers who look (in the mind’s eye) suspicious cannot but reshape one’s mental structure, gradually and implacably making one more and more immune to other and more sociable human feelings, thoughts and activities.”  —ARK

Mother Jones:

There are no reliable numbers on the growth of executive protection (EP), but the experts I spoke with say it has expanded at a rapid clip since the 1980s, with dozens of new players breaking into the game. That happens to be the same period during which the top 1 percent of US earners nearly tripled their annual income (PDF). More than a few of them, it seems, have felt compelled to hire men with guns.

... [World Protection Group Inc. founder and CEO, Kent] Moyer quickly learned that protecting [Playboy magazine publisher] Hef was less a matter of brawn than of discreet surveillance and detailed planning. By the early aughts he’d launched WPG, with a top Hollywood talent agency as his first client. The collapse of the World Trade Center towers proved a boon for executive protection; soon after, WPG began landing corporate clients, and sales shot up by 40 to 50 percent.

... In 2009, EP firms discovered a powerful marketing tool in the outrage over bank bailouts. “There has never been this kind of populist anger before,” Eden Mendel, director of security consulting at Kroll, a risk advisory firm, told the Financial Times. “When executives are revealed on television with bonuses they become a target.” Nearly 80 percent of executives polled by the American Society for Industrial Security agreed that “the need for security has increased in the current economic climate,” with “general increases in crime” and “employee layoffs” cited as the biggest threats. Executive protection firms like WPG, 360 Group International Inc., and the Steele Foundation reported revenue spikes of 30 to 50 percent in 2009, despite the recession. “Our business gets better as the economy gets worse,” Moyer told me.

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By Tampa Bay Executive Protection, August 15, 2011 at 7:48 am Link to this comment
(Unregistered commenter)

I enjoyed your article but the “booming” EP business is localized. I’m in the Tampa Bay Florida area and the EP business is far from booming.

Miami and Orlando firms do a little better, and I may pack up shop and move down there.

I am sure things are much better in NYC and LA.

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By GW=MCHammered, August 14, 2011 at 1:12 pm Link to this comment
(Unregistered commenter)

In this crushed-wage and miserable-benefits environment, the only thing worth working for is true freedom then justice: unemployment and class riot.

Greed has consequences.

Report this

By frecklefever, August 14, 2011 at 11:02 am Link to this comment

ALL THAT MONEY THAT IS SUPPOSED TO GIVE ONE PEACE OF MIND IS AN
ILLUSION…THE GRAND JOKE IS THE MORE ONE GETS THE MORE INVERSE
BECOMES THE SECURITY….EG. A WEALTHY PARANOID HIRED A GREEN
BERET MALE NURSE AS AN AID…THE NURSE STARTED A FIRE IN THE
APARTMENT HOPING TO RESCUE THE EMPLOYER AND GAIN HIS
FAVOR…THE FIRE BECAME A MONSTER AND CONSUMED THE
WEALTHY..AND THE GREEN BERET SAVED ONLY HIMSELF AND IS JAILED..

Report this
PatrickHenry's avatar

By PatrickHenry, August 14, 2011 at 9:19 am Link to this comment

Just another form of the Pinkertons, meant to intimidate, bully and scare any potential confrontations with consumers or investors.

Another reason for concealeded carry in all 50 states.

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By berniem, August 14, 2011 at 8:15 am Link to this comment

Just as the elite see no need for their tax dollars to fund universal health care, social security, unemployment insurance, or any other program geared toward the “welfare” of society in general, these bastians of democracy, christianity, and personal responsibility will next argue that tax funded law enforcement is unecessary since self protection is an individual responsibility. We see this trend in the destruction of governmental consumer protection agencies as well as the rise of private fire protection services provided to many of those exclusive gated communities strtegically placed around the nation away from the common riff-raff.

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Daye's avatar

By Daye, August 13, 2011 at 3:17 pm Link to this comment

I do love many barking dogs, but do not engage
their opinions of either science or news -
especially when their failure to recognize what is
openly before their senses suggests that a test
for rabies is in order.

Alas ... we are not as a species this blind but
rather are made so by errors of thought that
deliver us beyond seeking the sense of things &
events; & by what is criminal, which is (let us say
for argument’s sake) manufactured ugliness &
falsity. Such is our culture’s oligarchical,
corporate & political bizzness, & is the bizzness
of Big Media to blast incessantly at us, to make
our brain pathways into alleyways which lead
only to ignorant, dead ends.

Report this

By gerard, August 13, 2011 at 12:42 pm Link to this comment

grokker: Probably I should have said “utterly lacking in value” rather than “one-sided.” (But on that score, this pitiful excuse for an article omits so many sides that require critical comment, that it needs more time than I wish to give it.
...“have expressed an increased need for bodyguards” (exactly who, why, how many etc. just vague allegations as basis)
...“recent neurological research ... (that suppressed fear etc.—what research, exactly?  and as if those conclusions were news!) i.e.“cannot help but reshape one’s mental structure.” (What about the “suppressed fear in the article and what it “reshapes”?)
... “making one more immune to other and more sociable feelings, thoughts and activities.”(The article itself does this!)
,,,“increases in crime” (Crime has actually been decreasing)
...(Re: pandering to fear and profiting from it) “a powerful marketing tool etc.”
...“there’s never been this kind of populist anger before” (hysterical untruth)
...“our business is better as the economy gets worse”
(Raises two questions:  Is TD’s business better for featuring articles like this?  What justifies giving precious publicity to this kind of cynicism?_
...“Ferraro “chalks it up to paranoia” ...an article in the WSJ ... ‘the sky is falling’ etc.” (patent evasion of responsibility,but author doesn’t bother to point it out.)

And after all that pandering,self-deceit (not facing the facts of what he is promoting, and pretending it is okay) ... after all the other crap, Ferraro’s better instincts take over (though he of course doesn’t realize it) (in fact he probably doesn’t even recognize that he still has any “better instincts”)  he ends up with “I sit down and talk with (people who try to get access to elites) and that is sometimes all people need.”

Then the final kiss-off:  A “street person” asks him for a dollar to “save the hungry people of Los Angeles.”

The entire article is so painfully inane, scornful and totally dispensable—is so utterly a-moral and void of common sense that in itself it arouses scorn and hatred or a twisted kind of envy or—worse yet—despair that in general things have sunk so low there is no need to suggest anything more or better.  Just twitch with tittilation and pass on.

So much for “the protection racket” as a constructive business activity worthy of “truth-digging.” Treating serioiusly, with a straight face, simply adds fuel to whatever rage might be brewing somewhere in the shadows. The question shouts to be asked: Should activities like these be featured, shorn as they are of all empathy or redeeming honesty—and with no redemption (context, alternative attitudes or explanation of causes) suggested?

Frankly, good editorial judgment would choose any one of hundreds of more helpful and necessary articles when such limited valuable space is available which reaches so many people day after day.
I do not associate this sort of thing with Robert Scheer’s notable history, and it makes me sadly disappointed.

Report this

By gerard, August 13, 2011 at 12:42 pm Link to this comment

grokker: Probably I should have said “utterly lacking in value” rather than “one-sided.” (But on that score, this pitiful excuse for an article omits so many sides that require critical comment, that it needs more time than I wish to give it.
...“have expressed an increased need for bodyguards” (exactly who, why, how many etc. just vague allegations as basis)
...“recent neurological research ... (that suppressed fear etc.—what research, exactly?  and as if those conclusions were news!) i.e.“cannot help but reshape one’s mental structure.” (What about the “suppressed fear in the article and what it “reshapes”?)
... “making one more immune to other and more sociable feelings, thoughts and activities.”(The article itself does this!)
,,,“increases in crime” (Crime has actually been decreasing)
...(Re: pandering to fear and profiting from it) “a powerful marketing tool etc.”
...“there’s never been this kind of populist anger before” (hysterical untruth)
...“our business is better as the economy gets worse”
(Raises two questions:  Is TD’s business better for featuring articles like this?  What justifies giving precious publicity to this kind of cynicism?_
...“Ferraro “chalks it up to paranoia” ...an article in the WSJ ... ‘the sky is falling’ etc.” (patent evasion of responsibility,but author doesn’t bother to point it out.)

And after all that pandering,self-deceit (not facing the facts of what he is promoting, and pretending it is okay) ... after all the other crap, Ferraro’s better instincts take over (though he of course doesn’t realize it) (in fact he probably doesn’t even recognize that he still has any “better instincts”)  he ends up with “I sit down and talk with (people who try to get access to elites) and that is sometimes all people need.”

Then the final kiss-off:  A “street person” asks him for a dollar to “save the hungry people of Los Angeles.”

The entire article is so painfully inane, scornful and totally dispensable—is so utterly a-moral and void of common sense that in itself it arouses scorn and hatred or a twisted kind of envy or—worse yet—despair that in general things have sunk so low there is no need to suggest anything more or better.  Just twitch with tittilation and pass on.

So much for “the protection racket” as a constructive business activity worthy of “truth-digging.” Treating serioiusly, with a straight face, simply adds fuel to whatever rage might be brewing somewhere in the shadows. The question shouts to be asked: Should activities like these be featured, shorn as they are of all empathy or redeeming honesty—and with no redemption (context, alternative attitudes or explanation of causes) suggested?

Frankly, good editorial judgment would choose any one of hundreds of more helpful and necessary articles when such limited valuable space is available which reaches so many people day after day.
I do not associate this sort of thing with Robert Scheer’s notable history, and it makes me sadly disappointed.

Report this

By grokker, August 13, 2011 at 9:37 am Link to this comment

@gerard—- “Articles like this are so one-sided as to be downright pernicious.”

So, gerard what would the other side be?

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By Rodney, August 13, 2011 at 9:13 am Link to this comment
(Unregistered commenter)

A lot of rich realize that once they finish destroying the middle class the masses will rise up in revolt there will be millions of Americans protesting and possibly even civil discord in the streets. They will want their homes and businesses protected by well armed men. The use to be middle class will have realized that their riches have been stolen away by the few wealthy one percent.

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By gerard, August 13, 2011 at 8:52 am Link to this comment

Oh, for the happy life of the “super-rich” full of fear and the pangs of a guilty conscience.  Oh, for the happy life of their bodyguards, “preparing a table before them in the presence of their enemies,” etc. And of course Oh, for the happy lives of all the rest of us being surveilled, nailed and jailed.

Articles like this are so one-sided as to be downright pernicious.  What are Truthdig editors thinking?  The mainstream press eats up stuff like this, and Fox is made absolutely ecstatic. Isn’t yelling fire in a crowded theater known to be counter-productive?

And here’s one just for laughs:  “The tendency of business leaders to think over the horizon and anticipate problems” is given as justification for the dirty business of fear-mongering.  It’s just the fact that so many “business leaders” are NOT “thinking over the horizon” which is at the root of our problems these days.

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By Bronwen Rowlands, August 13, 2011 at 5:41 am Link to this comment
(Unregistered commenter)

University chancellors are all bodyguarded up these days.  What a world.

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kerryrose's avatar

By kerryrose, August 12, 2011 at 5:33 pm Link to this comment

Remember in 08 after the financial meltdown Goldman Sachs employees were arming themselves?

Ha ha!  They know we’re coming to get them. London-style.

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