Case Study

Case Study: Security Convergence

What does it take to make security convergence happen? One secret is to sneak up on it, the way Constellation Energy did, by seeming to be doing something else entirely.

By Sarah D. Scalet

Page 8

Nevertheless, it's hard to argue with what Shattuck has done as CEO. Under his risk-focused leadership, the company has tripled in size. On the 2004 Fortune 500 list, it jumped from position 352 to 203. Revenues for 2004 topped $12.5 billion, increasing from $3.9 million in 2001. And Shattuck is bullish that the new structure is already working.

Every Monday he begins his week by meeting with his risk management committee. Not only does he get a window into the company's current financial risks, but he finds out about security vulnerabilities. He doesn't care if they are physical or virtual, only whether they could hurt the company.

"This is really a top-down perspective," Shattuck says, "but for me [the converged approach is] the most convenient way of dealing with risks."

Other stories by Sarah D. Scalet

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