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SBD Global/September 28, 2012/Olympics

G4S Security Firm Execs Awaiting Fate In Review Of Olympics 'Failure'

Execs from security firm G4S will "come under pressure" on Thursday when the board meets to discuss its failure to provide the 10,400 guards commissioned for the London Games, according to Gill Plimmer of the FINANCIAL TIMES. G4S is due to discuss a review of the "high-profile failure," commissioned by the board and carried out by PricewaterhouseCoopers. So far, investors have backed CEO Nick Buckles, who has delivered annualized shareholder returns of 14% since '04. However, COO David Taylor-Smith and Head of Global Events Ian Horseman Sewell are thought "to be less secure." Pressure increased last week by a House of Commons report which "laid the blame for the debacle firmly with the company" (FINANCIAL TIMES, 9/27).
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