A veteran of the $48.1 billion industry tells what it’s like protecting the rich and famous

Here’s how a rookie mistake provided the founding principles for a thriving business. Todd Sheets was working as a cop in a medium-sized city in 2008 when his part-time gig in private security took him to a beautiful hotel in Brazil. He was assigned to guard an A-list tech CEO, and he and his client were assigned adjoining rooms.

Everything seemed quiet early one morning, so Sheets decided to squeeze in a workout on a treadmill in the hotel basement. He was jogging on the machine when his squawk box blurted his name and summoned him to the command center.

It seemed that Sheets had left his BlackBerry in his room, and the device had...

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