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The ROI of Secure Transportation

The ROI of Secure Transportation

Risk for executives in United States is on the rise. Therefore, hiring executive protection professionals has become the rule instead of the exception over the past decade. The need for security and driver services are highlighted by incidents such as the kidnapping and murder of tech CEO Tushar Atre and most recently the brutal shooting of Microsoft executive Jared Bridegan. Tushar Atre was kidnapped from his residence and killed by disgruntled employees. He was then left in his personal vehicle to be found on another one of his nearby properties. No security team was present at the residence which enabled easy access to his home for the intruders.

Security, Safety, Reputation, Convenience & Productivity

Microsoft executive Jared Bridegan was shot multiple times outside of his vehicle while his 2-year-old daughter remained strapped in her car seat. Police reports indicate that Mr. Bridegan may have been lured out of his vehicle by a wheel and tire that was blocking his driving lane before he was ambushed. Police have not yet determined if this was a random act of violence or a targeted assassination. However, both incidents would have likely been prevented by the presence and expertise of an experienced executive protection team. Although the need for security is generally the initiating factor for hiring protection, this is only a small piece of the wholistic approach used by savvy protection industry leaders.

Protection experts additionally prioritize the safety of their assigned protectees. Many times, this will consist of supplying a trained professional driver to enable the productivity and preferred lifestyle of their clients. The Tiger Woods car crash of 2021 is one example of a recent and preventable safety and reputational incident. The physical injuries sustained from the crash removed Tiger from PGA competition for over a year. The Indiana car crash of involving US representative Jackie Walorski is another very recent example of a preventable vehicular death. Mrs.Walorski was being escorted to an engagement by a local political chairman when he crossed the center line hitting another vehicle. This resulted in the death of all four of the occupants of the vehicle.  It is likely that a professional driver supplied by an executive protection team could have easily prevented both incidents.

Reputational protection is a crucial part of modern protection programs. Because of the perceived negligence surrounding the Tiger Woods crash, formal apologies were needed to retain sponsors and to minimize the monetary loss associated with his absence from the tour. Another example is the Bill Gates “pie incident” during the early years of his success. Mr. Gates did not have a protection team at the time and was hit in the face with a pie by 3 different assailants after exiting his vehicle to attend a meeting in Brussels. Although a pie to the face may seem like a minor incident this caused the Microsoft executive team and board of directors to reassess the Chairman’s need for proper security.

A few of the most overlooked reasons to hire a trained protection team are simply that it increases the executive’s productivity, prioritizes their convenience, and offers a solid the return on investment. The more that an executive can focus on their job and outsource tasks such as booking flights and hotels and driving during their commute, the more productive they will likely be.

CEO Pay and Benefits

Read more about Executive Compensation here

The top 350 CEOs in the United States earn a median salary of 15.6 million dollars per year with the top 10% currently earning around 100 million dollars each year. A Harvard study recently indicated that CEOs average 62.5 labor hours each work week. By extrapolating the data above, we find that on average, CEOs earn about $4,800 per hour or $80 per minute. Imagine what a 30-minute one way commute 275 days per year is worth to the company. A trained protection team will understand what increases executive productivity and will handle certain tasks or arrange to ease the burden on the executive’s schedule.

irs 132.5 assessment

Read more about Part 132.5 Assessments here 

Also, many protection services come with attractive tax benefits to companies and high net worth individuals. The IRS code 132.5 – Fringe Benefits: Outlines that fringe benefits are to be treated as compensation to be included as income under section 61 unless there is a specific statutory exclusion that applies to the benefit. This benefit applies to Executive Security programs if an overall security program will be deemed to exist in situations where the employer conducts and implements an “independent security study” with respect to the at-risk employee. Industry leading executive protection companies provide these independent security studies and recommend courses of action that are feasible, desirable, and effective for executives and their companies.

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David Hobson, MBA is a former soldier that served in the following roles during his time in the U.S. Army’s 82nd Airborne Division: Airborne Infantry Team Leader, Small Unit Tactics Instructor, Training Budget Manager and Procurement Manager. He is currently working in private security as a Project Manager and Close Protection Specialist with LaSorsa & Associates.

Use What You Have! – 10 Essential iPhone Skills

Use What You Have! – 10 Essential iPhone Skills

I heard a joke recently: imagine someone from 100 years ago time travels to today and asks what people do with handheld devices that give them instant access to almost every bit of data in the world and instant connectivity to anyone globally…and the answer would be ‘we watch cat videos and argue with strangers on social media’…

As funny as that is, what I find not funny is how common it is for people to be unaware of how to use the tools they have. These essential skills apply to iPhone users, but I am sure there are similar tools available to the Junior Varsity team….I mean Android users. 👍🏻 

Executive Protection Training Review

Executive Protection Training Review

From the AS Solution Blog: From the insurance industry to a career in executive protection – It’s all about customer service

Interviewer’s question: That sounds like a good start, but it’s all entry-level security jobs. How did you break into executive protection?

“I knew if I was going to advance my career and eventually obtain the kinds of opportunities that I wanted, I would have to go through a well-respected executive protection training course. I did my due diligence and read great reviews about Lasorsa and Associates’ Executive Protection Training Course taught by Joe Lasorsa, Jr. I did my first course there.

‘Leading Security Training Providers Teaming Up to Provide Exceptional Value’

‘Leading Security Training Providers Teaming Up to Provide Exceptional Value’

As an innovative and value-driven training provider, we strive to be on the forefront of the industry in technique and in true benefit to our students. As such, beginning in our October 20-28 9 day comprehensive Executive Protection Training Program, LaSorsa & Associates will be teaming up with Vehicle Dynamics Institute by incorporating their highly acclaimed Protective/Evasive Driving course into the program. Along with the certificates LaSorsa & Associates awards for the various components of the course, students who complete the Protective/Evasive Driving component will be presented with a separate certificate of completion from VDI, providing an even greater training value to an already leading program.