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U.S. companies spending record amounts to protect executives as threats rise
2025-08-09
305 words
2 mins read
U.S. companies spending record amounts to protect executives as threats rise
U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months.
Corporations have doubled the number of plain-clothed security teams outside buildings in New York City since a shooting last week in which four people were killed, said Glen Kucera, president of the enhanced protection services unit at Allied Universal, a security and facilities services firm.
“It’s unspeakable. I never knew anyone who was murdered,” said Rich Friedman, chairman of Goldman Sachs Asset Management, who previously worked with one of the victims, Blackstone executive Wesley LePatner. Her death shook Wall Street, even though authorities believe her killing was a random event. Police said the shooter was targeting the headquarters of the National Football League, which is housed in the same building in the Midtown area of Manhattan where LePatner worked. The shooter also killed a New York City police officer, building security guard and employee at real estate company Rudin before turning the gun on himself.
The attack was “shocking and hits very close to home,” Citigroup spokesperson Ed Skyler said in a note to employees a day after the July 28 killings in Midtown. “Understandably, yesterday has also left many of us feeling uneasy,” he said, assuring employees that the bank has beefed up security at its Manhattan headquarters over the last year.
Threats against executives “have massively ramped up since 2020,” said Chris Pierson, the CEO of cybersecurity firm BlackCloak. He noted how the man charged with murdering a Minnesota lawmaker and her husband near Minneapolis in June allegedly kept a target list of mostly other politicians and used online people-search services to find their addresses.
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