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Response to DonViejo (Original post)

Tue Nov 13, 2012, 03:31 PM

24. Not just Generals

Something is going on in the background I think.

http://online.wsj.com/article/SB10001424127887324894104578109344076574924.html
Lockheed Martin Ousts Incoming CEO
Lockheed Martin Corp. LMT +0.77% ousted its incoming chief executive, Christopher Kubasik, for having a "close personal relationship" with a subordinate at the defense contractor.

The company said Mr. Kubasik was asked to resign Friday after an investigation determined the "improper conduct" violated Lockheed Martin's code of ethics. He will receive a $3.5 million separation payment.

Felled by Scandal

There is a long list of leaders felled by allegations of personal or ethical lapses in recent years, including Lockheed Martin's Christopher Kubasik and the CIA's David Petraeus.


The announcement from the Pentagon's biggest supplier came just hours after Washington was rocked by the surprise resignation of General David Petraeus as director of the Central Intelligence Agency after admitting an extramarital affair.

Mr. Kubasik, Lockheed's 51-year-old president and vice chairman, had been due to take over from Bob Stevens. Instead, the company said Marillyn Hewson, a Lockheed veteran who was slated to become operating chief in January, will take over as CEO on Jan. 1.

Mr. Stevens said Mr. Kubasik, who is married, had conducted a "lengthy, close personal relationship" with a subordinate, who has since left the company. On a call with reporters, Mr. Stevens said the relationship came to light two weeks ago from an internal whistleblower.

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DonViejo Nov 2012 OP
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LineReply Not just Generals
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