The Raytheon Company board today reduced the 2006 compensation package of its chief executive, William H. Swanson, who admitted to lifting portions of his book, "Swanson's Unwritten Rules of Management," from other texts.
New York Times 05/03/06
Unlike the teenage Harvard student who lifted chunks of her novel from others, Bill Swanson hs no hope of redemption.
The only reason for Bill to steal from columnist Dave Barry and other authors is that he thought he was smarter than everyone else, which means he holds everyone who purchased his book in contempt. (See Nov. 21, 2005 post, Email Stupidity.)
Bill said he was sorry. The Raytheon board nicked him for about $1 million yet announced it still had "full confidence" in his abilities. I say bring in the auditors and the Sarbanes-Oxley governance consultants.
No comments:
Post a Comment