Lynn's Raytheon cash ties run deep - Kenneth P. Vogel - Politico.com
This is a pretty identical situation to that of Cheney - he had Halliburton stock options that vested after he was already in office, and had received several payouts before then. The only difference is that all of Cheney's stock was in a blind trust, and he donated it all to charity. I'm curious to see whether Lynn is accused of being a tool for Raytheon for the next 4 years.Barack Obama's pick for top deputy at the Pentagon is in line for a payout of as much as $1.25 million in the coming weeks - for his work as a lobbyist for one of the nation's top defense contractors.
William Lynn’s nomination as deputy defense secretary already has come under fire from Democrats and Republicans because of his ties to Raytheon, where Lynn worked as a lobbyist -- a seeming violation of Obama’s pledge to keep lobbyist influence out of his administration.
Now Lynn’s financial disclosure statement, filed two weeks ago with the Office of Government Ethics, also reveals that his financial connections to the company are deeper than previously known.
Lynn reported earning $369,615 from Raytheon last year as a senior vice president, He also reported 6,000 shares of restricted company stock worth between $500,000 and $1 million that will vest in February – at a time when he would be on the Pentagon payroll.
Plus, the statement shows that Lynn’s 2008 cash bonus of as much as $250,000 - “pursuant to previously established bonus target formula” – is payable in March.