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Last Circle

Chapter 4

The history of Wackenhut Corporation is best described from its own literature. An outdated letter of introduction typed on Wackenhut letterhead once sent to prospective clients provided me with the following profile:

(Excerpted)

"Wackenhut Corporation had its beginnings in 1954, when George R. Wackenhut and three other former Special Agents of the Federal Bureau of Investigation formed a company in Miami, Special Agent Investigators, to provide investigative services to business and industry.

"The approach was so well received that a second company was formed in 1955 to apply the same philosophy to physical security problems. In 1958 the companies were combined under the name of Wackenhut Corporation, a Florida company. From the outset, George Wackenhut was President and chief executive officer of the enterprise. Wackenhut established its headquarters in Coral Gables, Florida in 1960, extending its physical security operations to the United States government through formation of a wholly owned subsidiary, Wackenhut Services, Incorporated. This was done in order to comply with federal statute prohibiting the government from contracting with companies which furnish investigative or detective services.

"In 1962, Wackenhut operations extended from Florida to California and Hawaii. On January 1, 1966, the company became international with offices in Caracas, Venezuela, through half ownership of an affiliate.

"The Wackenhut Corporation became public in 1966 with over-the-counter stock sales and joined the American Stock Exchange in 1967. Through acquisitions of subsidiaries and affiliates, now totaling more than 20, and expansion of it contracts into numerous territories and foreign countries, the Wackenhut Corporation has grown into one of the world's largest security and investigative firms.

"In 1978 acquisition of NUSAC, a Virginia company providing technical and consulting services to the nuclear industry, brought Wackenhut into the fields of environment and energy management. In 1979, Wackenhut acquired Stellar Systems, Inc., a California company specializing in outdoor electronic security.

"The executive makeup of the company reflects the stress Mr. Wackenhut placed on professional leadership. The Wackenhut Corporation is guided by executives and managers with extensive backgrounds in the FBI and other military, governmental and private security and investigative fields.

"The principle business of the company is furnishing security and complete investigative services and systems to business, industry and professional clients, and to various agencies of the U.S. Government.

"Through a whollyowned subsidiary, Wackenhut Electronic Systems Corporation, the company develops and produces sophisticated computerized security systems to complement its guard services.

"Major clients of Wackenhut's investigative services are the insurance industry and financial interests. These services include insurance inspections, corporate acquisition surveys, personnel background reports, pre-employment screening, polygraph examinations and general criminal, fraud and arson investigations.

"The wide variety of services offered by Wackenhut Corporation also includes guard and electronic security for banks, office buildings, apartments, industrial complexes and other physical structures; training programs in English and foreign languages to apply Wackenhut procedures to individual clients needs; fire, safety and protective patrols; rescue and first aid services; emergency support programs tailored to labor-management disputes, and pre-departure screening programs widely used by airports and airlines.

"The company now has some 20,000 employees and maintains close to 100 offices and facilities with operations spread across the United States and extending into Canada, the United Kingdom, Western Europe, the Middle East, Indonesia, Central and South America and the Caribbean."

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