Lockheed Martin CEO paid $3.5 million for having sex with subordinate

[James48843]

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.
http://thehill.com/blogs/defcon-hil...eo-resigns-over-relationship-with-subordinate

So the Lockheed CEO gets a $3.5 million dollar payout after getting caught with a subordinate. 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.

He is allowed to "resign", and take a golden parachute with him.

http://www.businessweek.com/article...t-lockheed-martin-says-no-to-taxpayer-dollars