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Thread: Lynn's Raytheon cash ties run deep

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    Lynn's Raytheon cash ties run deep

    Lynn's Raytheon cash ties run deep - Kenneth P. Vogel - Politico.com

    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.
    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.
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    Re: Lynn's Raytheon cash ties run deep

    Not surprising in the slightest. If a big enough stink isn't raised by Obama's political opponents (who, by the way, partake in the same kind of actions), then he'll be accepted.

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    Re: Lynn's Raytheon cash ties run deep

    Quote Originally Posted by Khayembii Communique View Post
    Not surprising in the slightest. If a big enough stink isn't raised by Obama's political opponents (who, by the way, partake in the same kind of actions), then he'll be accepted.
    I'm still waiting for the stink to be raised by Obama's political supporters.
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    Re: Lynn's Raytheon cash ties run deep

    From what I can tell this appoinment doesn't violate the rules:

    A lobbyist who joins the Obama administration also is forbidden from working on issues they previously were involved with, he said. Any person who leaves the administration will be barred from lobbying the government for two years.

    Bloomberg.com: Worldwide

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    Re: Lynn's Raytheon cash ties run deep

    I'm still waiting for the stink to be raised by Obama's political supporters.
    Some will oppose the move and others will rationalize it.

    From what I can tell this appoinment doesn't violate the rules:
    "working on issues they previously were involved with". Raytheon is a defense contractor. The Pentagon has contracts with Raytheon. Lynn was lobbying for Raytheon.

    EDIT:

    Quote Originally Posted by Executive Order
    "2. Revolving Door Ban All Appointees Entering Government. I will not for a period of 2 years from the date of my appointment participate in any particular matter involving specific parties that is directly and substantially related to my former employer or former clients, including regulations and contracts.
    White House

    This is what is blatantly violated, which is why they are trying to seek an exception for him.
    Last edited by Khayembii Communique; 01-28-09 at 05:20 PM.

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    Re: Lynn's Raytheon cash ties run deep

    Quote Originally Posted by Khayembii Communique View Post
    Some will oppose the move and others will rationalize it.



    "working on issues they previously were involved with". Raytheon is a defense contractor. The Pentagon has contracts with Raytheon. Lynn was lobbying for Raytheon.

    EDIT:


    White House

    This is what is blatantly violated, which is why they are trying to seek an exception for him.

    I still don't see the violation but I do think it will happen. I don't think it is the wisest choice in appointments either.
    Last edited by winston53660; 01-28-09 at 05:37 PM.

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    Re: Lynn's Raytheon cash ties run deep

    Meet the new boss, same as the old boss.
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    Re: Lynn's Raytheon cash ties run deep

    I still don't see the violation but I do think it will happen. I don't think it is the wisest choice in appointments either.
    How on earth can you not see it?

    1. Lynn was a Raytheon lobbyist.
    2. The Department of Defense has contracts with Raytheon.
    3. The deputy secretary of defense has the ability to:

    3.1.3. Establish performance goals and measures for improving and evaluating overall economy, efficiency, and effectiveness and monitor and measure the progress of the Department.
    3.1.4. Develop and maintain a Department-wide strategic plan for business reform.
    Source
    4. That is a direct violation of the aforementioned executive order.

    Of course, I could also argue that since the DoD is a past client of Raytheon, Lynn would be violating the order by "participat[ing] in any particular matter involving specific parties that is directly and substantially related to my... former clients."

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    Re: Lynn's Raytheon cash ties run deep

    Quote Originally Posted by Khayembii Communique View Post
    How on earth can you not see it?

    1. Lynn was a Raytheon lobbyist.
    2. The Department of Defense has contracts with Raytheon.
    3. The deputy secretary of defense has the ability to:


    4. That is a direct violation of the aforementioned executive order.

    Of course, I could also argue that since the DoD is a past client of Raytheon, Lynn would be violating the order by "participat[ing] in any particular matter involving specific parties that is directly and substantially related to my... former clients."

    I think it will be violated. Just appointing him is not a violation though. If he never has contact with Raytheon there will be no violation. That is not going to happen though.

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    Re: Lynn's Raytheon cash ties run deep

    Just appointing him is not a violation though.
    It is if they do not obtain a waiver for him.

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