Jules Kroll: Dangerous Liaison

When security guru Jules Kroll decided to join forces with armored-car specialist Bill O'Gara in late 1997, the duo seemed set to dominate the world of danger. But the real danger, it seems, was in trying to work together. The synergies of Kroll O'Gara never happened: Top brass bickered, 1999 losses were heavy, and the stock price sits at less than one-fifth of its $41.38 high. After a buyer backed out, executives decided on Apr. 18 to break into three companies--Kroll, O'Gara, and an information-security firm called Securify.

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