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Chief's Pay Is Docked by Raytheon

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Chief's Pay Is Docked by Raytheon
Topic: Business 10:33 am EDT, May  7, 2006

Raytheon directors punished the chief executive, William H. Swanson, by taking away almost $1 million from his 2006 compensation yesterday because he failed to give credit for material that was in a management book he wrote.

This is a follow-up on a story from two weeks ago about "Swanson's Unwritten Rules of Management."

You might also want to check out this comparison of the books and Swanson's responses, including that "He sincerely regrets the entire incident." As in, I wish no one had brought this issue to national attention.

Last week, an NYT columnist quipped:

The whole situation is enough to make you wonder whether we now have lower expectations for chief executives than we do for teenagers.

He was referring to Kaavya Viswanathan's plagiarism in her debut novel.

This first surfaced on the weblog of Carl Durrenberger.

Chief's Pay Is Docked by Raytheon



 
 
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