Misplaced Pages

#439560

146-545: G4S is a British multinational private security company headquartered in London , England. The company was set up in July 2004 when London-based Securicor amalgamated with Danish firm Group 4 Falck . The company offers a range of services, including the supply of security personnel, monitoring equipment, response units and secure prisoner transportation. G4S also works with governments overseas to deliver security services. G4S

292-503: A "clerical error", and clarified that he had instead been cleared by Rahman, who was from the same firm that bought the wrongly-named doctor's practice. Rahman had not interviewed Mateen, but evaluated the results of a standard test used in the screening he undertook before being hired. On 16 December 2016, some 600 prisoners took part in a riot at HM Prison Birmingham , a prison in Birmingham , England, operated by G4S. The disturbance

438-459: A "humiliating shambles". In Newcastle , G4S was replaced by 500 staff from local security firms for Olympic events. In Scotland, G4S was stripped of the security role with it passing to Strathclyde Police. At Dorney Lake, the Olympic rowing and canoeing venue, a G4S manager reported G4S radios were not working, so staff were relying on personal mobile phones to communicate; G4S confirmed the venue

584-573: A 6.8% profit on operations, but instead the pre-tax profit margins appear to have ranged from 20% to 30%. Saunders had previously directed the Medway Secure Training Centre where juveniles had been found to have been abused before G4S had divested itself of its youth detention component. In late 2020 GardaWorld and Allied Universal made takeover offers for the company. In February 2021 the Allied Universal offer

730-636: A G4S cash service depot was robbed in Västberga in southern Stockholm , Sweden. In the autumn of 2009, G4S personnel in Australia went on strike, arguing that the company had subjected them to low pay and poor working conditions. The strike imperiled the operations of the court system in the state of Victoria . The guards provided entry-point screening for weapons and bombs in both the County Court and Magistrates Court, as well as additional security in

876-557: A Human Rights Policy, co-authored by human rights expert Dr Hugo Slim, aiming to align the company's practices with the United Nations Guiding Principles on Business and Human Rights and to introduce additional global guidelines for areas not currently covered by existing standards. G4S is a founder signatory of the International Code of Conduct for Private Security Service Providers (ICoC),

1022-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

1168-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1314-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1460-529: A guarding business founded in Copenhagen in 1901 by Marius Hogrefe, originally known as København Frederiksberg Nattevagt ( Copenhagen and Frederiksberg Night Watch ) and subsequently renamed Falck . In 2000, Group 4 , a security firm formed in the 1960s, merged with Falck to form Group 4 Falck and by 2000 the company was described as "the world's largest private security systems company". In 2002 Group 4 Falck went on to buy The Wackenhut Corporation in

1606-612: A gun to class. P.H. Skipper, who was the warden at institution, wrote that "in light of the tragic events at Virginia Tech officer Mateen's inquiry about bringing a weapon to class is at best extremely disturbing". Days later on 27 April 2007, Mateen "was involuntarily dismissed" from the program and never became a certified corrections officer . Mateen then worked for British-based security firm G4S Secure Solutions in Jupiter, Florida , from September 2007 until his death. The company said two screenings of Mateen—one conducted upon hiring and

SECTION 10

#1732783549440

1752-766: A history going back to the conservatory founded as part of the Royal Swedish Academy of Music in 1771, the Royal University College of Fine Arts , which has a similar historical association with the Royal Swedish Academy of Arts and a foundation date of 1735, and the Swedish National Academy of Mime and Acting , which is the continuation of the school of the Royal Dramatic Theatre , once attended by renowned actors like Greta Garbo . Other schools include

1898-545: A kiosk at a gated community in Palm Beach County." They never informed the community or its property management company about why he was transferred there. Mateen held an active concealed carry permit and an armed security guard licence. He was said to have passed a psychological test and medical exam performed by Dr. Syed Shafeeq Rahman, who had close ties with Mateen's family. It was also noted that Mateen had no criminal record. According to licensing records, he

2044-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2190-514: A modern and ethnically diverse city in the latter half of the 20th century. Many historical buildings were torn down during the modernist era, including substantial parts of the historical district of Klara (which caused major controversy), and replaced with modern architecture. However, in many other parts of Stockholm (such as in Gamla stan , Södermalm , Östermalm , Kungsholmen and Vasastan ), many older buildings, blocks and streets built before

2336-701: A multi-stakeholder initiative convened by the Swiss government. In 2007, G4S began the G4S 4teen, an award-winning program to support 14 young athletes around the world. G4S provided financial, social and logistical support to a number of athletes taking part in London 2012, including Colombian cyclist and 2012 and 2016 Olympic gold medallist Mariana Pajón , Kenyan long-distance runner Pauline Korikwiang , and Estonia's former discus thrower and shot-putter, now- Indianapolis Colts defensive end Margus Hunt . Controversies involving

2482-677: A recruit for the Florida Department of Corrections , being assigned to the Martin Correctional Institution. In a letter explaining his juvenile record as part of his successful application, Mateen explained the incident of when he was arrested at school when he was fourteen. Following the Virginia Tech shooting in April 2007, Mateen suggested in a corrections officer training class that he would bring

2628-465: A result of this massive population growth, there has been a proposal to build densely packed high-rise buildings in the city centre connected by elevated walkways, though these have been opposed by several groups. Stockholm is located on Sweden's east coast at the 59th parallel north, where the freshwater Lake Mälaren —Sweden's third-largest lake—flows out into the Baltic Sea. The central parts of

2774-466: A similar latitude, or even farther south. With an average of 1900 hours of sunshine per year, it is also one of the sunniest cities in Northern Europe, receiving more sunshine than Paris, London and a few other major European cities of a more southerly latitude. Because of the urban heat island effect and the prevailing wind travelling overland rather than sea during summer months, Stockholm has

2920-679: A target of the Boycott, Divestment, Sanctions movement for its involvement in Israel. In June 2023, it was reported that G4S would be divesting completely from Israel in response to years of campaigning pressure and “reputational damage”. G4S’ parent company, Allied Universal , was also said to have divested from Israel. Multinational corporation Most of the current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with

3066-543: Is also responsible for financial administration and long-term development. The City Executive Board consists of 13 members, who represent both the majority and the opposition. Its meetings are not open to the public. Stockholm City Hall is one of the city's key landmarks, built in the National Romantic Style at the beginning of the twentieth century. Hosting the Nobel Prizes and the government of

SECTION 20

#1732783549440

3212-726: Is an administrative unit defined by geographical borders. The semi-official name for the municipality is City of Stockholm ( Stockholms stad in Swedish). As a municipality, the City of Stockholm is subdivided into district councils, which carry responsibility for primary schools, social, leisure and cultural services within their respective areas. The municipality is usually described in terms of its three main parts: Innerstaden ( Stockholm City Centre ), Söderort (Southern Stockholm) and Västerort (Western Stockholm). The districts of these parts are: The modern centre Norrmalm (concentrated around

3358-514: Is another core service, where G4S provides key holding, mobile security patrol and response services and alarm receiving and monitoring facilities. G4S also provides 'secure facilities services' which includes integrated facilities services for entire sites or estates for commercial customers and governments. The business provides 'risk management and consultancy services' which also includes mine detection and clearance services. G4S also provides electronic tagging and monitoring of offenders at home or in

3504-539: Is another core service. G4S transports prisoners and asylum applicants between courts, police stations and custody centres. In the early 2000s, the company (then still known as Group 4 Falck) bid unsuccessfully for the right to operate several railway franchises in the United Kingdom . In 2013, G4S Forensic and Medical Services were awarded a three-year contract to run services providing medical examinations and counselling for victims of rape and sexual assault in

3650-629: Is based on export-oriented services, often towards larger, nearby European markets like Poland or Germany. Tourism is a major industry in Stockholm. Research and higher education in the sciences started in Stockholm in the 18th century, with education in medicine and various research institutions such as the Stockholm Observatory . The medical education was eventually formalised in 1811 as Karolinska Institutet . KTH Royal Institute of Technology ( Swedish: Kungliga Tekniska högskolan )

3796-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

3942-510: Is one of Europe's major tech centres; the city has sometimes been called Europe's innovation hub. The Stockholm region has a GDP of around $ 180 billion, and Stockholm County has the highest GDP per capita of all counties in Sweden . Stockholm is the seat of the Swedish government and most of its agencies , including the highest courts in the judiciary , and the official residences of

4088-513: Is projected to reach 1,079,213 by 2030. Of the inhabitants, 482,982 were men and 492,569 women. The average age is 39 years; 40.1% of the population is between 20 and 44 years. The marimonial statistics are that 411,273 people, or 42.2% of the population, over the age 15 were unmarried; 268,291 people, or 27.5% of the population, were married; and 104,099 or 10.7% of the population, had been married but divorced. As of December 2021, there were 252,750 foreign-born people in Stockholm, making up 25.8% of

4234-580: Is the cultural, media, political, and economic centre of Sweden. The Stockholm region alone accounts for over a third of the country's GDP , and is among the top 10 regions in Europe by GDP per capita . Considered a global city , it is the largest in Scandinavia and the main centre for corporate headquarters in the Nordic region. The city is home to some of Europe's top-ranking universities, such as

4380-530: Is the name of the local assembly. Its 101 councillors are elected concurrently with general elections , held at the same time as the elections to the Riksdag and county councils . The Council convenes twice every month at Stockholm City Hall , and the meetings are open to the public. The matters on which the councillors decide have generally already been drafted and discussed by various boards and committees. Once decisions are referred for practical implementation,

4526-454: Is the world's largest security company measured by revenues. It has operations in more than 85 countries. With over 533,000 employees, by 2012 it was the largest European and African private employer. The company has been criticised and involved in numerous controversies . Formerly a dual-listed company with listings on the Copenhagen and London stock exchanges, G4S was purchased by Allied Universal in April 2021. G4S has its origins in

G4S - Misplaced Pages Continue

4672-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

4818-619: The Express Tribune . G4S was one of the nominees for the 2013 Public Eye Award , a counter-event created by NGOs, which awards the worst company of the year. G4S was in the news in June 2016 because of employee Omar Mateen , the gunman behind one of the worst mass-shooting incidents in United States history (where 49 were killed), who was employed as a security guard by the company. In October 2006, Mateen had begun working as

4964-413: The 2012 Summer Olympics due to a shortage of adequately trained G4S security staff, with Labour MP Keith Vaz claiming that, "G4S has let the country down and we have literally had to send in the troops". Shares in G4S later dropped nine percent after the firm claimed it faced a possible £50 million loss as a result of failing to provide sufficient trained staff for the 2012 Olympic Games. On 17 July,

5110-702: The Austrian Ministry of the Interior awarded G4S a contract to run a detention center in Vordernberg ; this was the first privately operated prison in Austria. One of G4S' more interesting contracts may be securing the perimeter of Homey Airport, more commonly known as Area 51 , the secret United States Air Force base in Nevada. The base is guarded by civilians forces referred to by those who watch

5256-676: The Karolinska Institute (medicine), KTH Royal Institute of Technology , Stockholm School of Economics and Stockholm University . It hosts the annual Nobel Prize ceremonies and banquet at the Stockholm Concert Hall and Stockholm City Hall . One of the city's most prized museums, the Vasa Museum , is the most visited museum in Scandinavia. The Stockholm metro , opened in 1950, is well known for

5402-656: The Royal Family 's private residence. Stockholm's location appears in Norse sagas as Agnafit , and in Heimskringla in connection with the legendary king Agne . Birka , located near Stockholm, was one Sweden's major trade centres during the Viking Age , and its restored remains are one of Stockholm County 's most-visited sites. The earliest written mention of the name Stockholm dates from 1252, by which time

5548-493: The Stockholm Observatory , were founded. The early nineteenth century saw a major economic decline of Stockholm and Sweden as a whole, but by the second half of the nineteenth century, Stockholm had regained its leading economic role. New industries emerged with industrialisation and Stockholm was transformed into an important trade and service centre as well as a key gateway point within Sweden. The population also grew dramatically during this time, mainly through immigration . At

5694-644: The Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over the VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization ,

5840-528: The Swedish Museum of Natural History , as well as the botanical garden Bergianska trädgården . The Stockholm School of Economics , founded in 1909, is one of the few private institutions of higher education in Sweden, and is generally reckoned one of the most prestigious business schools in the world. In the fine arts , educational institutions include the Royal College of Music , which has

5986-481: The Swedish economy develop, and his partially successful war against Russia restored some of Sweden's international reputation. The king was an avid patron of the arts, and scientists and cultural figures flocked to Stockholm on a scale unprecedented since the reign of Queen Christina . During this time, Carl Michael Bellman and Joseph Martin Kraus helped develop the city's music, a process further accelerated by

G4S - Misplaced Pages Continue

6132-764: The Swedish monarch and the Prime Minister . The government has its seat in the Rosenbad building, the Riksdag (Swedish parliament) is seated in the Parliament House , and the Prime Minister's residence is adjacent at the Sager House . Stockholm Palace is the official residence and principal workplace of the Swedish monarch, while Drottningholm Palace in neighbouring Ekerö serves as

6278-544: The Uppsala University . Throughout Sweden's history, walls were created in Stockholm to defend the city from attacks. These defensive walls were modified throughout the 13th to the 16th century. In 1625, the Great Stockholm Fire of 1625 destroyed the southwestern section of Stadsholmen , an island in the centre of Stockholm. The amount of destruction led to the beginning of the demolition of

6424-781: The history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and the Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include

6570-606: The metropolitan area . The city stretches across fourteen islands where Lake Mälaren flows into the Baltic Sea . Outside the city to the east, and along the coast, is the island chain of the Stockholm archipelago . The area has been settled since the Stone Age , in the 6th millennium BC, and was founded as a city in 1252 by Swedish statesman Birger Jarl . The city serves as the county seat of Stockholm County . Stockholm

6716-631: The pillage of Sigtuna on Lake Mälaren in the summer of 1187. Stockholm's core, the present Old Town ( Gamla Stan ) was built on the central island next to Helgeandsholmen from the mid-13th century onward. The city originally rose to prominence as a result of the Baltic trade of the Hanseatic League . Stockholm developed strong economic and cultural linkages with Lübeck , Hamburg , Gdańsk (Danzig), Visby , Tallinn (Reval), and Riga during this time. The strategic and economic importance of

6862-712: The City Executive Board. The Mayor holds a special position among the Vice Mayors, chairing both the Council of Mayors and the City Executive Board. The City Executive Board ( Swedish : Kommunstyrelsen ) is elected by the City Council and is equivalent to a cabinet . The City Executive Board renders an opinion in all matters decided by the council and bears the overall responsibility for follow-up, evaluation and execution of its decisions. The Board

7008-551: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

7154-616: The European Union. The Stockholm Stock Exchange , founded in 1863, is the largest stock exchange in the Nordic Countries measured by market capitalisation, listing numerous multinational Swedish companies. Trade is a vital part of Stockholm's economy; the city's corporations are largely reliant on foreign consumers to supplement the small Swedish market. Stockholm is one of the Baltic Sea's larger ports, hosting especially cruise ships and yachts. Most of Stockholm's economy

7300-663: The European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in the 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from

7446-575: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

SECTION 50

#1732783549440

7592-511: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

7738-558: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

7884-407: The Olympic games. Although missing its initial target of 10,000, G4S announced the sending of 7,000 personnel each day to Olympic venues, in a way they felt would allow them to fully secure each venue. Subsequent to the Olympics contract failures, the chief constables of Bedfordshire, Cambridgeshire and Hertfordshire were to recommend abandoning outsourcing work to G4S. They were backed by Jim Paice ,

8030-418: The Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for the world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902)

8176-401: The Stockholm walls. Today, most of the younger city walls cannot be found anywhere above ground. However, parts of the northern city walls are preserved in the modern Museum of Medieval Stockholm . In 1710, a plague killed about 20,000 (36 percent) of the population. After the end of the Great Northern War the city stagnated; population growth halted and economic growth slowed. The city

8322-477: The Swedish Empire saw a renaissance in the arts and sciences; the new queen, Christina , was a strong supporter of science and culture. Réne Descartes , one of the most prominent European philosophers of his time, died in Stockholm; he had been hosted by the queen for several years prior to his death. Inventors, like Christopher Polhem , moved to the city during the time of the Swedish Empire. Academics also spent much time in Stockholm, like Olaus Rudbeck , rector of

8468-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

8614-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

8760-437: The UK. Rock Steady events have included Live8 concerts in London, Scottish Cup Final and the Download Festival . In April 2008, G4S acquired RONCO Consulting Corporation, one of the world's premier humanitarian and commercial mine action, ordnance disposal and security companies. In May 2008, G4S acquired ArmorGroup International . GSL, a provider of outsourced justice services, was also acquired by G4S in May 2008. Also, in

8906-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

SECTION 60

#1732783549440

9052-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

9198-558: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

9344-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

9490-418: The United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

9636-410: The United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for

9782-407: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

9928-436: The United States. G4S was formed in July 2004, when Group 4 Falck's security business merged with Securicor to create Group 4 Securicor and began trading on both the Copenhagen and London Stock Exchanges. In 2005, Lars Nørby Johansen was succeeded as chief executive by Nick Buckles and, in 2006, the new G4S brand identity, designed by Russell Johnson of UK design agency Stylus, was rolled out across its business worldwide. In

10074-400: The West Midlands. It has been working in this area since 2005. The firm provides patient transport services for NHS Trusts including Barking, Havering and Redbridge University Hospitals NHS Trust ; Surrey and Sussex Healthcare NHS Trust ; St George's Healthcare NHS Trust (£2.7 million a year), and Epsom and St Helier University Hospitals NHS Trust (£3.5 million a year). In 2014,

10220-401: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

10366-484: The agriculture minister and Conservative MP for South East Cambridgeshire. Following the Olympic Games, G4S provided a donation of £2.5 million to military charities as a goodwill gesture. G4S announced in late August 2012 that it would be selling its Pakistan division, Wackenhut Pakistan Limited, to its chairman Ikram Sehgal for a figure of around $ 10 million, according to the Financial Times . Sehgal disputed this figure, calling it "speculative", according to

10512-557: The assets of Chubb Emergency Response, a large key holding company in the UK. The deal was finalised on 17 December 2011. The business has now been integrated into their existing key holding and response service. On 17 October 2011, G4S announced it would purchase the Denmark-based facilities management group ISS for £5.2 billion. The acquisition would have created the world's largest facilities management company. Within two weeks,

10658-568: The autumn the leaves change color. During the winter months, the trees lose their leaves. For details about the other municipalities in the Stockholm area, see the pertinent articles. North of Stockholm Municipality: Järfälla , Solna , Täby , Sollentuna , Lidingö , Upplands Väsby , Österåker , Sigtuna , Sundbyberg , Danderyd , Vallentuna , Ekerö , Upplands-Bro , Vaxholm , and Norrtälje . South of Stockholm: Huddinge , Nacka , Botkyrka , Haninge , Tyresö , Värmdö , Södertälje , Salem , Nykvarn and Nynäshamn . Stockholm Municipality

10804-476: The base as Camo Dudes . As of 2018, G4S operates two private prisons in Australia : Mount Gambier Prison and Port Phillip Prison . G4S segments its business into two areas: In 2011, G4S became a signatory to the UN Global Compact , the international standard to promote socially responsible business behaviour including human rights, labour, environment and anti-corruption. In 2013, G4S launched

10950-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

11096-493: The breakup of the Kalmar Union with the attainment of Swedish independence. With the accession of Gustav Vasa in 1523 and the establishment of royal power, the population of Stockholm began to grow, reaching 10,000 by 1600. The seventeenth century saw Sweden grow into a major European power, reflected in the development of the city of Stockholm. From 1610 to 1680 the population multiplied sixfold. In 1634, Stockholm became

11242-585: The city consist of fourteen islands that are continuous with the Stockholm archipelago . The geographical city centre is situated on the water, in Riddarfjärden bay. Over 30% of the city area is made up of waterways and another 30% is made up of parks and green spaces. Positioned at the eastern end of the Central Swedish lowland and near the Bergslagen region, the city's location reflects

11388-624: The city made Stockholm an important factor in relations between the Danish Kings of the Kalmar Union and the Swedish national independence movement in the fifteenth century and early sixteenth century. The Danish King Christian II was able to enter the city in 1520 and on 8 November of that year, a massacre of opposition figures called the Stockholm Bloodbath took place and set off further uprisings that eventually led to

11534-478: The city of Stockholm, it is one of Sweden's most important buildings. As the primary financial centre in Sweden, Stockholm is an influential hub for trade, finance and technology in Europe , and one of Scandinavia's largest financial centres. The Stockholm region is the leading region in Sweden by both GDP and GDP per capita, and is amongst the ten wealthiest regions in the European Union when measured by

11680-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

11826-435: The community. The company provides back-office support functions for police forces, support for front-line policing, including the provision of custody suite services and forensic medical services. It also manages juvenile and adult custody centres. This includes the management of all aspects of a facility and those held within the facility – similar centres are also used for the detention of asylum applicants. Prisoner escorting

11972-654: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

12118-595: The company have included use of immigrant-detainee labour in prisons, extreme misconduct in child custodial institutions in the UK and the US, allegations of police telephone data manipulation, its troubled nine-year employment of Orlando, Florida terrorist Omar Mateen, the escape of Thabo Bester from Mangaung Prison in South Africa, and the 2016 riot at Birmingham Prison in Birmingham, England. G4S has also been

12264-511: The company's chief executive, Nick Buckles, appeared before the Home Affairs Select Committee , where he apologised for the organisational failings, expressed regret at having taken on the Olympic security contract, and agreed in principle to pay bonuses to soldiers drafted at the last moment as replacement security staff. Pressed by Labour MP David Winnick , he was forced to admit that organisational situation had become

12410-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

12556-568: The costs of deploying ten highly trained public sector Tornado elite teams, who were sent to quell the riot. John Thornhill, the president of the independent monitoring board , agreed that insufficient staff had caused rising levels of violence in prisons in England and Wales , leading to "unrestrained violence" and the transfer of a "large number of prisoners ... to other prisons that are already stretched with their own problems and staffing issues." In August 2018 its contract to run Birmingham Prison

12702-626: The court rooms themselves. G4S acquired the South African cash in transit company Skycom in September 2010. Then in April 2011, it bought the Cotswold Group, a surveillance and investigations company. In April 2011, G4S acquired Guidance Monitoring, an international designer and manufacturer of electronic monitoring technologies, including hardware and software used for offender monitoring and tracking. In December 2011, G4S acquired

12848-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

12994-415: The current municipal area. In the ensuing decades several other areas were incorporated (such as Brännkyrka Municipality in 1913, at which time it had 25,000 inhabitants, and Spånga in 1949). The municipal border was established in 1971; with the exception of Hansta, in 1982 purchased by Stockholm Municipality from Sollentuna Municipality and today a nature reserve. The population was 984,748 in 2022 and

13140-403: The deal was dropped due to lack of shareholder support. G4S's chief, Nick Buckles, recounted the events of the failed acquisition, which cost the company tens of millions of dollars, as "...one of the most bruising experiences of my life". A combination of institutional investors who led the response and the minority shareholders who followed, objected to a variety of factors, not the least of which

13286-603: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Stockholm Stockholm ( Swedish: [ˈstɔ̂kː(h)ɔlm] ) is the capital and most populous city of the Kingdom of Sweden , as well as the largest urban area in the Nordic countries . Approximately 1 million people live in the municipality , with 1.6 million in the urban area , and 2.4 million in

13432-438: The decor of its stations; it has been called the longest art gallery in the world. The city was the host of the 1912 Summer Olympics , and has played host to several other international sports events since. Stockholm is Sweden's primary financial centre , one of the largest in Scandinavia, and hosts several of Sweden's largest companies. Furthermore, the headquarters of most of Sweden's largest banks are in Stockholm. Stockholm

13578-646: The design school Konstfack , founded in 1844, the University College of Opera (founded in 1968 but with older roots), the University College of Dance , and the Stockholms Musikpedagogiska Institut (the University College of Music Education). The Södertörn University was founded in 1995 as a multi-disciplinary institution for southern Metropolitan Stockholm , to balance the many institutions located in

13724-643: The early orientation of Swedish trade toward the Baltic region. Stockholm belongs to the Temperate deciduous forest biome, which means the climate is very similar to that of the far northeastern area of the United States and coastal Nova Scotia in Canada . The average annual temperature is 7.9 °C (46 °F). The average rainfall is 531 mm (21 in) per year. The deciduous forest has four distinct seasons, spring, summer, autumn, and winter. In

13870-499: The employees of the City administrations and companies take over. The elected majority has a Mayor and eight Vice Mayors. The Mayor and each majority Vice Mayor is the head of a department, with responsibility for a particular area of operation, such as City Planning. The opposition also has four Vice Mayors, but they hold no executive power. Together the Mayor and the 12 Vice Mayors form the Council of Mayors, and they prepare matters for

14016-505: The end of the nineteenth century, less than 40% of the residents were Stockholm-born, with most migrants being from poorer rural Sweden; major settlement began to expand outside the historical city limits. The nineteenth century also saw the establishment of a number of scientific institutes and universities, including the Karolinska Institutet and KTH Royal Institute of Technology . The General Art and Industrial Exposition

14162-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

14308-474: The founding of the Royal Swedish Opera . Various artists and writers became prominent, funded by the king and other cultural patrons like Carl Gustaf Tessin ; the two aforementioned figures laid the base for Sweden's Nationalmuseum at this time. Science also became prevalent; renowned figures like Carl Linnaeus and Anders Celsius spent time in Stockholm, and various research institutes, like

14454-511: The global security industry. Simultaneous to this, G4S and the SEIU reached an agreement to end their long dispute and establish a framework to work together in the interest of employees. In 2009, G4S continued to acquire companies: Secura Monde International and Shiremoor International Engineering, together, the UK's leading specialist banknote and high security technical and commercial advisory companies; All Star International for $ 60 million, one of

14600-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

14746-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

14892-458: The lack of student accommodations, the difficulty in finding other accommodations and the high rent. The Stockholm region is home to around 22% of Sweden's total population, and accounts for about 29% of its gross domestic product . The geographical notion of "Stockholm" has changed over time. By the turn of the 19th century, Stockholm largely consisted of the area today known as City Centre, roughly 35 km (14 sq mi) or one-fifth of

15038-503: The largest investment firms in Europe are headquartered in the city, including Investor AB and Nordstjernan ; also headquartered in Stockholm is EQT AB . Stockholm is one of continental Europe's leading hubs for the technology industry; this influential industry is based in Kista , a suburb in northern Stockholm which is Europe's largest Informations and Technology cluster. Stockholm has

15184-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

15330-565: The latter. Many of Sweden's largest companies are headquartered in the city; they are drawn by its central location, skilled workforce and preeminent financial sector. These companies include some of the Nordic region 's most valuable corporations, like Ericsson , which is one of the world's largest telecommunications companies, or Atlas Copco , which is one of the world's largest industrial companies; other large companies based in Stockholm include Electrolux , H&M and Securitas AB . Some of

15476-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

15622-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

15768-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

15914-507: The mines in Bergslagen made it an important site in the iron trade. The first part of the name ( stock ) means log in Swedish, although it may also be connected to an old German word ( Stock ) meaning fortification . The second part of the name ( holm ) means islet and is thought to refer to the islet Helgeandsholmen in central Stockholm. According to Erik's Chronicle the city is said to have been founded by Birger Jarl to protect Sweden from sea invasions made by Karelians after

16060-404: The modernism and functionalism movements survived this era of demolition. Throughout the century, many industries shifted away from industrial activities into more high-tech and service industry areas, which still dominate the city's economy today. Stockholm's metropolitan area has become one of the fastest-growing regions in Europe. In 2020 alone, Stockholm's population increased by 1,477. As

16206-491: The most precipitation falling in December and January (as either rain or snow). The average winter temperatures range from −3 to −1 °C (27 to 30 °F), and occasionally drop below −20 °C (−4 °F) in the outskirts of the city. Spring and autumn are generally cool to mild. The climate table below presents weather data from the years 1991–2020. According to ongoing measurements, the temperature has increased during

16352-785: The northern part of the region. Other institutes of higher education include the Military Academy Karlberg , the world's oldest military academy to remain in its original location, inaugurated in 1792 and housed in Karlberg Palace ; there is also the Swedish Defence University , Ersta Sköndal University College , Swedish School of Sport and Health Sciences and the University College Stockholm . The biggest complaints from students of higher education in Stockholm are

16498-426: The number of daylight hours is relatively small during winter – about six hours – while in June and the first half of July, the nights are relatively short, with about 18 hours of daylight. Due to its eastern position within Sweden's respective time zone, sunsets occur as early as 2:46 PM in mid-December. Around the summer solstice the sun never reaches further below the horizon than 7.3 degrees. This gives

16644-479: The official capital of the Swedish empire. Trading rules were also created that gave Stockholm an essential monopoly over trade between foreign merchants and other Swedish, Baltic and Scandinavian territories. In 1697, Tre Kronor Castle burned down and was replaced eventually by Stockholm Palace ; the time of the Swedish Empire also saw several architectural modernisations of the city. The beginning of

16790-654: The ongoing dispute in Jakarta with Group4/Securicor. In July 2006, the Indonesian Securicor workers had a substantial win – but the campaigners continue to support other Group 4 Securicor workers. The company disputed these claims and pointed to its strong relationships with unions around the world, including the GMB in Britain. In March 2008, it was announced that G4S were taking over Scottish Rock Steady Group – who steward at major sporting and music events mostly in

16936-409: The other in 2013—had raised no red flags. Nonetheless, G4S removed Mateen from his job post at a courthouse because of threats he made towards coworkers, including one threat where he claimed he would have al-Qaeda kill a deputy's family. Mateen had claimed that his coworkers and courthouse deputies were making racist comments towards him. Despite this, G4S "kept Mateen as an employee" but moved him "to

17082-401: The premier facilities management and base operations support companies providing services to the US government; Adesta, US-based provider of integrated security systems and communication systems; and Hill & Associates Consultants Limited, Asia's leading provider of specialist risk-mitigation consulting services. The Västberga helicopter robbery occurred on 23 September 2009 at 05:15 CET when

17228-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

17374-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

17520-506: The same month, G4S acquired Serbian company Progard Securitas . In 2008, G4S also acquired Touchcom, Inc. for US$ 23 million. Touchcom, Inc. is located in the Burlington/Bedford, Massachusetts , area. The rebranding of Touchcom, Inc. to G4S was completed by 1 January 2012. In December 2008, G4S and UNI Global Union , announced the launch of an Ethical Employment Partnership , which will drive improvements in standards across

17666-739: The same year, Alf Duch-Pedersen succeeded Jørgen Philip-Sørensen to become the non-executive chairman of the business. In 2006, 2007 and 2008, G4S was the subject of a global campaign by union workers alleging that its subsidiaries undermine labour and human rights standards. Some of these groups were organised under the banner of the SEIU -funded Focus on Group 4 Securicor. This group supported protests at Group 4 Securicor's annual general meeting in London in 2005. The 2006, US State Department Report on Human Rights in Indonesia , released in March 2006, featured

17812-603: The second most unicorns per capita in the world, after Silicon Valley; the city also has one of the highest startup rates in Europe. Prominent startup technology companies in Stockholm include Mojang , Spotify and Klarna ; the latter two either have been or are among the largest startup companies in the world. Most of Sweden's largest banks are headquartered in the city, including the SEB Group , Handelsbanken and Swedbank ; Nordea had its headquarters in Stockholm until moving to Helsinki in 2018 for legal reasons involving

17958-462: The seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and the international oil market. Iran was unable to sell any of its oil. In August 1953,

18104-495: The sky a bright blue colour in summer once the sun has set because it does not get any darker than nautical twilight . Also, when looking straight up towards the zenith , few stars are visible after the sun has gone down. This is not to be confused with the midnight sun , which occurs north of the Arctic Circle , around 7 degrees farther north. The Stockholm Municipal Council ( Swedish : Stockholms kommunfullmäktige )

18250-459: The then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by the strong influence of

18396-452: The town square Sergels torg ) is the largest shopping district in Sweden . It is the most central part of Stockholm in business and shopping. Stockholm has a humid continental climate in the 0 °C isotherm ( Köppen : Dfb ) bordering on an oceanic climate ( Cfb ) in the -3 °C isotherm. Although winters are cold, average temperatures generally remain above 0 °C for much of

18542-867: The warmest July months of the Nordic capitals. Stockholm has an annual average snow cover between 75 and 100 days. Despite its mild climate, Stockholm is located further north than parts of Canada that are above the Arctic tree line at sea level. Summers average daytime high temperatures of 20–25 °C (68–77 °F) and lows of around 13 °C (55 °F), but temperatures can reach 30 °C (86 °F) on some days. Days above 30 °C (86 °F) occur on average 1.55 days per year (1992–2011). Days between 25 °C (77 °F) and 30 °C (86 °F) are relatively common especially in July and August. Night-time lows of above 20 °C (68 °F) are rare, and hot summer nights vary from 17 to 18 °C (63 to 64 °F). Winters generally bring cloudy weather with

18688-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

18834-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

18980-399: The year. Summers are pleasantly warm, and precipitation occurs throughout the year. Due to the city's high northerly latitude, the length of the day varies widely from more than 18 hours around midsummer to only around 6 hours in late December. The nights from late May until mid-July are not completely dark even when cloudy. Stockholm has relatively mild weather compared to other locations at

19126-405: The year. The precipitation is not uniformly distributed throughout the year. The second half of the year receives 50% more than the first half. Snowfall occurs mainly from December through March. Snowfall may occasionally occur in late October as well as in April. In Stockholm, the aurora borealis can occasionally be observed. Stockholm's location just south of the 60th parallel north means that

19272-506: The years 1991–2020 as compared with the last series, from 1961 to 1990. This increase averages about 1.0 °C (1.8 °F) over all months. Warming is most pronounced during the winter months, with an increase of more than 2.0 °C (3.6 °F) in January. For the 2002–2014 measurements some further increases have been found, although some months such as June have been relatively flat. The highest temperature ever recorded in Stockholm

19418-464: Was 36 °C (97 °F) on 3 July 1811; the lowest was −32 °C (−26 °F) on 20 January 1814. The temperature has not dropped to below −25.1 °C (−13.2 °F) since 10 January 1987. The warmest month ever recorded was July 2018 with a mean temperature of 22.5 °C (72.5 °F) which is also the nationwide record. Annual precipitation is 546.4 mm (21.51 in) with around 170 wet days and light to moderate rainfall throughout

19564-487: Was a proficient shooter who scored in the 98th percentile with a 9mm semiautomatic pistol. After the shooting, a psychologist, who was said to have evaluated and cleared Mateen for his firearms licence in 2007, according to the records of the security company G4S, denied ever meeting him or having lived in Florida at the time, and said she had stopped her practice in Florida in January 2006. G4S admitted Mateen's form had

19710-517: Was accepted with G4S delisted from the Copenhagen and London Stock Exchanges. In April 2021, the acquisition was completed. G4S's core services include 'manned security services' – where it provides trained and screened security officers. The company also provides 'security systems' such as access control, CCTV, intruder alarms, fire detection, video analytics and security and building systems integration technology. 'Monitoring and response services'

19856-671: Was being manned by military personnel after 66 percent of rostered G4S staff were failing to show. The venue manager reported parts of the CCTV system had already been replaced by Army patrols and a complete army takeover was "on the cards". On 22 July 2012, a contractor reported that a third of his expected staff had not turned up; instead, he was sent a group of mainly female, teenage students with minimal training, whom he turned away as he did not feel comfortable leaving them for night duties. On 8 August 2012, G4S announced that it had finally contracted enough employees to fully fulfil its contract for

20002-536: Was described as the worst in Britain since the 1990 Strangeways riot . The national chairman of the Prison Officers Association said more than 30 officers at the prison had quit in the weeks before the riot and that further prison convulsions were inevitable. In a statement to Parliament , Secretary of State for Justice Liz Truss said that insufficient staffing lay at the root of the twelve-hour Birmingham riot and that G4S would have to pay

20148-473: Was founded in 1827 and is Scandinavia's largest higher education institute of technology with 13,000 students; it is Sweden's foremost polytechnic, and spearheaded several governmental research projects in the twentieth century. Stockholm University , founded in 1878 with university status granted in 1960, has 52,000 students as of 2008 . It also incorporates historical institutions, such as the Observatory,

20294-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

20440-553: Was held in 1897, drawing international attention. From 1887 to 1953 the Old Stockholm telephone tower was a landmark; originally built to link phone lines, it became redundant after these were buried, and it was later used for advertising before its demolition in the twentieth century. The early twentieth century also saw the creation of the Nobel Prizes , some of Stockholm's most renowned institutions. Stockholm became

20586-452: Was in shock after having lost its place as the capital of a great power . However, Stockholm maintained its role as Sweden's political centre and continued to develop as the country's economic and cultural capital. During the Age of Enlightenment in the late eighteenth century, the city flourished. The new monarch, Gustav III , proved an able and energetic regnant; his economic policies helped

20732-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

20878-501: Was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore,

21024-425: Was replaced by John Connolly. In March 2012, G4S announced that it would sell the "struggling" G4S Government Solutions business (the former Wackenhut (WSI) and All Star business) to exit the US government services. In May 2013, Buckles resigned as chief executive of G4S with £1.2 million payoff and was replaced by Ashley Almanza . On 12 July 2012, it was announced that 3,500 British troops would be deployed at

21170-606: Was revoked, after Peter Clarke , the Government's Chief Inspector of Prisons reported that it was the worst he had ever visited. Ben Saunders, the head of two British immigrant centres that have been the focus of abuse of detainees was put on leave in September 2017. A parliamentary committee chair and the Opposition Labour shadow home secretary complained that G4S's contract with the Home Office limited it to

21316-412: Was the additional leverage and debt the deal would introduce to G4S's balance sheet. General consensus is that lack of planning for shareholder response on the G4S side doomed the deal. Furthermore, many investors and analysts questioned why the company would want to purchase a firm so far removed from its area of expertise. Alf Duch-Pedersen resigned as G4S chairman after the failure of this acquisition and

#439560