Booz Allen Hamilton shares fall

[warrant46]

Source: Associated Press,

NEW YORK (AP) -- Shares of Booz Allen Hamilton Holding Corp. fell on Monday, after the company's employee, Edward Snowden, stepped forward as the person who last week leaked information about secret government surveillance programs to several news media outlets.

Shares fell 61 cents, or 3.4 percent, to $17.39 in midday trading, a slight recovery from a 5 percent drop earlier in the session. That's closer to the high end of the stock's 52-week trading range of $11.85 to $19.23.

Booz Allen Hamilton is a consultant to government and corporate clients. About 23 percent of its revenue, or $1.3 billion, came from U.S. intelligence agencies last year. The company has said in SEC filings that security breaches could materially hurt results. Private equity firm The Carlyle Group took the company public in 2010 and owns 67 percent of the stock.

Read more: http://finance.yahoo.com/news/booz-allen-hamilton-shares-fall-151312637.html

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This stench is overwhelming

[DonCoquixote]

1. yay

Could nto have happened to nicer people. Admins come and go, corporations can live on like Vampires.

[kelliekat44]

2. Snowden was employed with them about three months??? This is dazzling. How could someone

employed for less that six months have that kind of access to that kind of data? What government project officer missed the boat? How? Was this guy a relative of someone influential? Was he actually working for some group out to get the administration? Lots of questions should be asked. How do Manning's and Snowden's profiles compare? There seems to be massive attempts afoot to make the American people despise their own government over things that have been going on for decades without much ado or consequences. It this the attempt to divert attention from the private sector disgraceful behaviors over the past 40 years? ("By all means, blame the government...don't blame us.&quot This is exactly what corporations do in third world and South American countries when they want to gain a strong foot-hold on natural resources and the financial sectors. When the people cease to believe in their own governments it becomes easy to take over without much interference from the legal governments.

[IADEMO2004]

3. Longer waiting period for insurance coverage of pre-existing health problem

than getting access to all the nations secrets? What the fuck

[warrant46]

8. Sad but true !!

[atreides1]

4. You would have to look at his job description.

The man was hired for a specific position which gave him certain access to data and the equipment it was located on. He was in all likelihood still under probation and should have been more closely monitored by supervisor(s).

He had both a supervisor from his company and one who was a federal civilian employee...it seems that he did nothing to make either of them suspicious enough to question what he was or wasn't doing.

This is a combined failure, and the government shares in the responsibility.

[kelliekat44]

6. It was reported that Snowden dropped out of HS, no college education either, earned $200,000.00????

Now, I know that Gates is a billionaire and never finished HS etc...but he also never applied for a job with a Fed. contractor or the government and was hired into a position earning $200K per year. I know a few "brilliant" people who could never get in to an interview with that kind of background. Ask all those minority men and women with college degrees and stellar records how difficult it is to get into government positions at that level unless you know someone or unless you are politically connected. And, I don;t know many private sector firms that hire at that level with that kind of background for a top security clearance. I still ask, who is this guy? Who does he know and what kind of connections does he have? Who does he really work for? And what kind of organization is Booze Allen to hire these kind of people? His motive was not all that pure either...based on exposing "potential" harm while he may have done some real harm?? I just don't get it. Either we are a nation of laws...especially those concerning our national security...or not. Congress passes these laws and then wants to prosecute the President for following the law and excuse those who commit treason while breaking those same laws? It's still all about getting Obama, to me.

[siligut]

7. Bill Gates didn't finish college

I am not sure who you are thinking of, but Gates finished HS.

[Sunlei]

10. good point.DOD gave that company no-bid contracts,they have thousands of hires. who got him the job?

[happyslug]

12. Could have been the length of the contract, Snowden may have been in the position for YEARS.

You have to understand how government contracting works. Large companies bid on these programs to manage them. One of the conditions of the contract IS THEY KEEP EXISTING PERSONNEL, i.e. one company will replace another, but the people stay the same. You see this most often in Security Companies on Federal property. These are up for bids, lowest bidder wins, if it is a new company, you see the same security guards in different uniforms.

The Defense department does this on Civilian workers all the time, different contractor, but same employees. My sister worked, as a Civilian on a Naval base and worked for several companies while employed. Where her checks came from changed, but not where she was working nor what she was doing, and not even the immediate management above her at that facility,

Thus that Snowden worked for his company for only three months is unimportant, HOW LONG HAS HE WORKED AT THAT JOB IS THE IMPORTANT FACTOR. He may have been a new hire, he may have been hired from the previous contractor. Either way he would have been an employee for three months. The former would show he only worked at that job for three months, the later could indicate he worked at that job for years. We do NOT know, but this is typical of such government contracts.

[bushisanidiot]

5. They need to be separated from the government and from receiving tax payer money.

.

[freshwest]

9. +1. And forced to surrender all their data. To someone who know what they're doing, or shred it.

Excuse the use of the word shred.

I'm sure it's not on paper.

[warrant46]

11. Not Likely