Richard Tafoya
Nov 1st, 2006, 02:56 PM
AP:
http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20061101/FREE/61101008/1048/newsletter01
Manhattan security company Kroll has withdrawn its bodyguard teams from Iraq and Afghanistan after it lost four workers in Iraq, its parent company said Wednesday.
Michael Cherkasky, president and chief executive of Kroll owner Marsh & McLennan Cos., told The Associated Press that the business in the two countries wasn't worth risking the lives of their employees.
In its third-quarter earnings statement issued Wednesday, Marsh & McLennan said that “results for the security group reflected the orderly exit from high-risk international assignments that had limited profitability and no longer fit Kroll's business strategy.”
SF Chronicle:
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/11/01/MNGMIM3RAG1.DTL
Bechtel Corp. went to Iraq three years ago to help rebuild a nation torn by war. Since then, 52 of its people have been killed and much of its work sabotaged as Iraq dissolved into insurgency and sectarian violence.
Now Bechtel is leaving.
...
But Bechtel -- which charged into Iraq with American "can-do" fervor -- found it tough to keep its engineers and workers alive, much less make progress in piecing Iraq back together.
"Did Iraq come out the way you hoped it would?" asked Cliff Mumm, Bechtel's president for infrastructure work. "I would say, emphatically, no. And it's heartbreaking."
The violence that has gripped Iraq drove up costs and hamstrung the engineers who poured into the country after the U.S.-led invasion.
http://www.newyorkbusiness.com/apps/pbcs.dll/article?AID=/20061101/FREE/61101008/1048/newsletter01
Manhattan security company Kroll has withdrawn its bodyguard teams from Iraq and Afghanistan after it lost four workers in Iraq, its parent company said Wednesday.
Michael Cherkasky, president and chief executive of Kroll owner Marsh & McLennan Cos., told The Associated Press that the business in the two countries wasn't worth risking the lives of their employees.
In its third-quarter earnings statement issued Wednesday, Marsh & McLennan said that “results for the security group reflected the orderly exit from high-risk international assignments that had limited profitability and no longer fit Kroll's business strategy.”
SF Chronicle:
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/11/01/MNGMIM3RAG1.DTL
Bechtel Corp. went to Iraq three years ago to help rebuild a nation torn by war. Since then, 52 of its people have been killed and much of its work sabotaged as Iraq dissolved into insurgency and sectarian violence.
Now Bechtel is leaving.
...
But Bechtel -- which charged into Iraq with American "can-do" fervor -- found it tough to keep its engineers and workers alive, much less make progress in piecing Iraq back together.
"Did Iraq come out the way you hoped it would?" asked Cliff Mumm, Bechtel's president for infrastructure work. "I would say, emphatically, no. And it's heartbreaking."
The violence that has gripped Iraq drove up costs and hamstrung the engineers who poured into the country after the U.S.-led invasion.