Snowden's Former Employer's (Booz Allen Hamilton) Stock Falls After NSA Leak

[apples and oranges]

After reports that one of its employees was behind a recent leak of classified National Security Agency programs, government consulting firm Booz Allen Hamilton's stock fell sharply on Wall Street.

When markets opened on Monday, the stock of the Northern Virginia-based company fell nearly 5 percent. As of 11:15 a.m., the stock was down 3.94 percent.

Edward Snowden, who worked at the NSA for four years with different government contractors, was the man behind the massive leaks to The Guardian and The Washington Post. He is currently living in Hong Kong, seeking asylum.

This drop is the biggest intraday drop since Jan. 30, according to Bloomberg.

http://news.yahoo.com/booz-allen-hamiltons-stock-falls-nsa-leak-113419878.html

Snowden seems to be convinced that the government will "disappear" him, and in the process, he's providing cover for the company that actually has a real motive to get revenge. Booz Allen Hamilton can lose billions over this:

They’re huge. Booz has 24,500 employees, $5.8 billion in revenue for its 2013 fiscal year, $219 million in profits and a stock market value of $2.5 billion. They lease 3.2 million square feet of office space across many facilities, which is more space than the Empire State Building.

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/10/seven-facts-about-booz-allen-hamilton/?wprss=rss_policy