Tuesday, November 13, 2012
Incoming Lockheed Martin CEO resigned last week following an ethics investigation.
Christopher Kubasik, a top Lockheed Martin executive who resigned last week following an ethics investigation, will receive a $3.5 million separation payment,The Washington Post's Capital Business blog reports. The investigation revealed that Kubasik had a “lengthy, close, personal relationship” with a subordinate employee, according to the report. An employee who was not involved in the relationship came forward with the allegations, Lockheed’s CEO Bob Stevens said, according to the Washington Business Journal. Kubasik was set to take Stevens’ place as CEO in January. Kubasik will not receive a separate bonus for 2012, and “will forfeit any unvested stock options, unvested restricted stock units and long-term incentive performance awards …
Monday, November 12, 2012
CEO of Lockheed Martin said the company is "not in crisis" following the ethics-related resignation of a top executive, the Washington Business Journal reports.
Lockheed Martin CEO Bob Stevens revealed more details to reporters surrounding the ethics-related resignation of Christopher Kubasik, who had been the company's vice chairman, president and COO, The Washington Business Journal reports. Kubasik resigned Friday after an investigation conducted by an outside firm found he had a "close personal relationship" with a subordinate employee. He was set to succeed Stevens as CEO of the Bethesda-based defense giant in January. An employee who was not the person involved in the relationship came forward with the allegations in October, Stevens said, according to the Business Journal. Stevens called the employee "quite courageous" and said Lockeed would "not miss a beat" strategically, operationally or…
Friday, November 9, 2012
Investigation revealed Christopher E. Kubasik, slated to become Lockheed's CEO in January, had a "close personal relationship" with a subordinate employee, Lockheed announced.
The incoming CEO of Bethesda-based defense giant Lockheed Martin resigned Friday after an ethics investigation revealed he had a "close personal relationship" with a subordinate employee, according to news reports. Lockheed Martin announced the resignation of Christopher E. Kubasik, the company's vice-chairman, president and COO. The announcement came the same day that President Obama accepted the resignation of Gen. David Petraeus from his position as director of the Central Intelligence Agency—also reportedly due to personal indiscretions. According to Petraeus' resignation letter, he quit because he had engaged in an extramarital affair, NBC News reported. At Lockheed Martin, Kubasik was slated to become the company's CEO in January. “…
Fran Asbeck
3:55 pm on Tuesday, December 11, 2012
My comment on this article was censored and purged. Apparently it is in bad form in Bethesda Patch, the edition that could not cope with my remarks, to be critical of the rich and powerful. A pox on the lot of them, and on Patchwork's editorship, as well. more ›