At 9 o'clock on the morning of May 8, 82-year-old George Wackenhut transferred ownership of the United States' largest security conglomerate to Group 4 Falck of Denmark. The deal confirms Group 4's Jorgen Philip-Sorensen as owner of the second-largest such outfit in the world. Indeed that entire business is now something of a family affair. The world leader is Securitas AB of Sweden, which was founded by... More >>>