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Protests Are a Payday for Security Firms
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| Contributor | RP |
| Last Edited | RP Oct 19, 2011 12:56pm |
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| Category | Analysis |
| Author | KEVIN ROOSE |
| Media | Newspaper - New York Times |
| News Date | Tuesday, October 18, 2011 06:00:00 PM UTC0:0 |
| Description | The ultra-rich bankers, hedge fund managers and private equity executives of New York City have long enlisted private security firms to help safeguard them and their wealth. But as the mood on Main Street turns increasingly hostile, New York’s financial titans are cranking their security measures up to 11. For the high-end security firms that provide the moneyed elite with specialty services like around-the-clock bodyguards and elaborate home security systems, Occupy Wall Street has been a stimulus package all its own.
“We expect to more than double our revenue in New York this year,” said Paul M. Viollis, a co-founder of Risk Control Strategies, a firm that protects some of the top executives on Wall Street.
As anxiety has rippled through the gilded class, a cottage industry has sprouted to protect high-net-worth individuals from every threat imaginable. There are companies that sell kidnapping insurance, companies that will run background checks on domestic staff members, companies that will replace glass windows with bulletproof polycarbonate panels and companies that will build safe rooms with steel-fortified walls.
One executive contacted Insite requesting help planning his escape from the United States in the event the federal government was overthrown, said Howard A. Shapiro, Insite’s chief technology officer. The executive wanted to know how much gold to keep on hand and how to escape the United States by submarine in the event of a major incident. |
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