Socialโ Entrepreneur’s Firm โPaid Below Market Rate for Security Work in โคConflict Zones
BERLIN โ- AGT, the security firm founded by celebrated social entrepreneur โฃDavid Schreiber, accepted compensationโฃ “deliberately far below the usualโ market remuneration” for providing security servicesโ in โhazardous andโ war zones, โฃSchreiber disclosed โคto a media lawyer. The revelation comes amid scrutiny of AGT’s operations and โฃfinancial arrangements, as detailed in recent โขreporting.
The reduced rates were implemented “at the request of my client,” Schreiberโ explained,โฃ and reflect the effort and โคrisk involved in operating within high-threatโค environments. The disclosure followed an initial lack of response from AGT to detailed questions from journalists. Some answers were later submitted after initial publication, promptingโฃ revisions and โขadditions to the reporting.
The matter centers on the financial terms โunder which AGT operates,โค raising questions aboutโข the balance โฃbetweenโฃ socialโฃ impact and commercialโ viability for theโฃ firm. Schreiber’s statement suggestsโ a deliberate strategy to offerโข cost-effective security solutions, potentially prioritizing โฃaccess to challenging regions over maximizing profit.
Editor’s note:โค AGTโข initially โฃdid not respond to a comprehensive set of inquiries โprior to publication. Subsequent โคto theโค report’s release, certain answers were provided and incorporated into the text.
