Owner59 -> RE: NSA leaker comes forward (6/10/2013 3:13:16 PM)
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ORIGINAL: tazzygirl Another thought... could this be used to manipulate the stock market? Affect prices? Capitalize on insider information? Not this company`s stock... "Edward Snowden isn’t Booz Allen Hamilton’s first leak problem Last year, the Air Force considered blacklisting the company’s office in San Antonio over a leak. The incident involved a former Air Force officer hired by Booz Allen, who on his first day of work brought with him “sensitive,” non-public information regarding an upcoming Air Force contract. Booz Allen employees accepted the information, which gave the company a “competitive advantage,” and used it in internal business presentations. After the Air Force proposed debarment for Booz Allen’s San Antonio office, the company conducted a broad investigation and agreed to put in place new ethics rules, as the Project on Government Oversight reported last year. It also paid the Air Force $65,000. For Booz Allen, which derives 99 percent of its revenue from U.S. government agencies, the incident was a threat to its business, affecting “the ability of our San Antonio office to attain new government” contracts, as the company said in a filing last month with the Securities and Exchange Commission. In the filing, the company acknowledged that protecting government secrets is key to the future of its business, which is dependent on U.S. intelligence agencies for about 23 percent of its revenue. The “growth of our business” depends primarily “on our ability to be awarded work under U.S. government contracts,” the company said in its SEC filing. That relationship, it explained, could be damaged through “the mishandling or the perception of mishandling of sensitive information.” Now, that scenario appears to be playing out. The company has been in the spotlight over its connection to leaks involving the National Security Agency that have dominated headlines around the world. Snowden, a Booz Allen employee working at the NSA, identified himself over the weekend as the source of the leaks to The Guardian and The Washington Post. On Monday, Booz Allen stock fell more than 2.5 percent. http://www.politico.com/story/2013/06/edward-snowden-booz-allen-hamilton-leak-problem-92522.html#ixzz2VqpHGvQi
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