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Response to NeoConsSuck (Original post)

Sat Dec 29, 2012, 09:08 AM

3. Incoming Lockheed CEO resigns after ethics investigation

Chris Kubasik, who was slated to take over CEO of Lockheed Martin in January, resigned Friday over an inappropriate "close personal relationship" with a subordinate employee.

Kubasik left the company Friday after Lockheed conducted an ethics investigation that confirmed the relationship, the company said.

Current CEO Bob Stevens announced Kubasik's resignation on a conference call on Friday, saying he was “deeply disappointed” in what he called a personal indiscretion. He said Kubasik violated the company's ethics code.

Kubasik will receive a $3.5 million separation payment from the company, according to a Securities and Exchange Commission filing on the resignation. The $3.5 million totaled one-year's worth of salary and bonus, a company official told The Hill.

In plain English, he was having sex with an employee and was caught only AFTER an investigation,
but not fired, he was allowed to resign and to get paid 3.5 million.

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Arrow 19 replies Author Time Post
NeoConsSuck Dec 2012 OP
valerief Dec 2012 #1
newfie11 Dec 2012 #2
dixiegrrrrl Dec 2012 #4
LineReply Incoming Lockheed CEO resigns after ethics investigation
dixiegrrrrl Dec 2012 #3
Panasonic Dec 2012 #11
Hotler Dec 2012 #5
a11ig8r Dec 2012 #6
liberal N proud Dec 2012 #8
LizW Dec 2012 #7
ChairmanAgnostic Dec 2012 #12
dixiegrrrrl Dec 2012 #19
naaman fletcher Dec 2012 #9
xtraxritical Dec 2012 #14
naaman fletcher Dec 2012 #16
Panasonic Dec 2012 #10
L0oniX Dec 2012 #13
PSPS Dec 2012 #15
Dawson Leery Dec 2012 #17
LaPera Dec 2012 #18
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