By the 1980s, more than 98% of the company’s business came from contracts to provide security guards. One former detective, Dashiell Hammett, penned “The Maltese Falcon,” helping create the literary genre that focused on the exciting but rough-hewn life of the detective.īy the 1940s, though, Pinkerton’s began to de-emphasize detective work, focusing instead on guarding property. It was instrumental in putting an end to illegal wiretapping that threatened to cripple financial markets after the Civil War. The company’s detectives chased Butch Cassidy and the Sundance Kid in the late 19th century. Brown, Pinkerton’s president and chief executive. “They recognize the value in a great old brand name,” said Denis R. Net loss for the year included a writedown and other special charges totaling $9.9 million. For 1998, Pinkerton’s reported a net loss of $463,000, or 4 cents per share, on sales of $1 billion, contrasted with net income of $14.7 million, or $1.12, on sales of $1 billion in 1997. 25 of $4.3 million, or 34 cents per share, on sales of $314 million, compared with net income of $6.7 million, or 50 cents, on sales of $316 million in the year-earlier period. Pinkerton’s, which agreed to merge with Securitas of Sweden on Monday, reported net income for the quarter ended Dec. The chart should have showed the stock price rising in 1997. The information, which tracked the Westlake Village company’s stock over a two-year period, should have been adjusted for a 3-for-2 stock split in 1997. Pinkerton’s Inc.-Due to an error in information provided by Bridge Information Systems, a chart in Tuesday’s edition about the stock price of security services company Pinkerton’s Inc. ![]() It is not the function of the Board to assign fault or determine civil or criminal liability.Los Angeles Times Wednesday FebruHome Edition Business Part C Financial Desk 4 inches 137 words Type of Material: Correction Its sole aim is the advancement of transportation safety. The TSB is an independent agency that investigates air, marine, pipeline, and rail transportation occurrences. The Board considers all representations before approving the final report, which is subsequently released to the public.įor more information, see our Investigation process page. They then have the opportunity to dispute or correct information they believe to be incorrect. Report phase: a confidential draft report is approved by the Board and sent to persons and corporations who are directly concerned by the report.When safety deficiencies are suspected or confirmed, the TSB advises the appropriate authority without waiting until publication of the final report. Examination and analysis phase: the TSB reviews pertinent records, tests components of the wreckage in the lab, determines the sequence of events and identifies safety deficiencies. ![]() Field phase: a team of investigators examines the occurrence site and wreckage, interviews witnesses and collects pertinent information.There are 3 phases to a TSB investigation For more information, see the Policy on Occurrence Classification. ![]() Class 3 investigations are generally completed within 450 days. These investigations analyze a small number of safety issues, and may result in recommendations.
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