Morning Security Brief: Terrorists Convictions, Pirate Tribunals, and Executive Protection
Egypt convicts Hezbollah-backed terrorists, the United Nations Security Council pushes for stronger action against pirates, and companies cut back on executive protection.
► Twenty-two men have been convicted of working with Lebanon-based terrorist group Hezbollah to attack sites in Egypt. An Egyptian court found them--and four others not in custody yet--guilty of planning attacks on tourist sites and the Suez Canal, reports the BBC .
► The United Nations 15-member Security Council passed a resolution calling for U.N. Secretary-General Ban Ki-moon to "present a report within three months on possible options for prosecuting and imprisoning piracy suspects," including the possibility of setting up tribunals, reports CNN. The resolution also encourages all nations to strenghtnen laws for prosecuting and imprisoning pirates.
► MarketWatch.com reviewed proxy statements filed by Dow 30 and larger S&P 500 companies as of April 12 and found many cutting back on security, especially in the realm of executive protection . "The security tab for Google CEO Eric Schmidt fell 42% to $233,542 last year. The bill for FedEx CEO Fred Smith dropped 23% to $461,405, while the cost for Disney CEO Bob Iger dipped 9% to $589,102," the article notes.