"Pentagon nominee may make $500,000 on Raytheon stock; Ex-lobbyist exempt from Obama order" by Associated Press | January 28, 2009
WASHINGTON - The man nominated to be the Pentagon's second-in-command could make at least a half-million dollars next month with vested stock he earned as a lobbyist for military contractor
William J. Lynn, who was chosen to be deputy defense secretary despite an Obama administration order against "revolving door" lobbyists who become public officials, has pledged to sell his stock in the Waltham-based company before taking the job.
Financial disclosure documents obtained yesterday by the Associated Press show Lynn owns Raytheon "incentive" stock valued between $500,001 and $1 million that is set to vest in February, plus "unvested restricted stock" valued between $250,001 and $500,000.
The documents also show Raytheon also gave Lynn a 2008 cash bonus of between $100,001 and $250,000 to be paid in March of this year. Lynn received a salary of $369,615 last year as a senior vice president at Raytheon, where he began working in August 2002.
As a Raytheon lobbyist until last year, Lynn worked on matters with far reach across the Pentagon, including contracting policy, the military's use of space, missile defense, munitions and artillery, sensors and radars, and advanced technology programs. Raytheon is one of the military's top contractors, with $18.3 billion in US government business in 2007....
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War is BIG BIDNESS here in AmeriKa -- even as our leaders talk peace!
