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Fear sweeps the C-suite—companies pour millions into security as threats against executives surge
Yahoo Finance· 2025-10-21 14:44
Core Insights - A series of violent incidents has prompted a significant shift in corporate security measures, particularly for executives, as highlighted in a Goldman Sachs Ayco report [1][2] Group 1: Corporate Security Changes - Companies are increasingly implementing additional security measures, including home security, personal security, and cybersecurity for high-profile executives and board members [3] - The most common personal security measures now include at least one bodyguard for business travel or public engagements with potential risks, and armed chauffeurs for commuting [3] - There is a notable trend towards mandatory private jet travel and first-class air travel for executive teams, reflecting heightened security concerns [3] Group 2: Financial Implications and Trends - Companies are willing to invest significantly in executive security, with Strategy raising its security program cap for its executive chairman to $2 million, and Chipotle providing personal security for its CEO as a precautionary measure [4] - The 2025 Goldman survey indicates that 27% of companies now provide personal security for their CEOs, marking a 59% increase from two years ago [5] - Cybersecurity protections for executives have more than tripled since 2021, with over 30% of CEOs now receiving such protections, and 24% of companies added new security benefits in the past 24 months, significantly above the historical average [5]
Raymond James Welcomes Experienced Financial Advisor Managing $750 Million in Georgia
Globenewswire· 2025-07-21 19:07
Core Insights - Raymond James has welcomed financial advisor Robert Chanin to its employee advisor channel, Raymond James & Associates (RJA), enhancing its wealth management capabilities for high-net-worth clients [1][3] - Chanin brings over 45 years of industry experience and previously managed approximately $750 million in client assets at Stifel [1][2] - The firm emphasizes its commitment to providing seasoned advisors with the freedom to serve clients while maintaining robust resources and support [2][3] Company Overview - Raymond James & Associates, Inc. is a leader in financial planning and wealth management services, catering to individuals, high-net-worth families, corporations, and municipalities [3] - As of May 31, 2025, total client assets managed by Raymond James are approximately $1.58 trillion [3]