CEO-in-waiting Christopher Kubasik has resigned after violating company ethics due to a close...

CEO-in-waiting Christopher Kubasik has resigned after violating company ethics due to a close personal relationship with a subordinate, Lockheed Martin (LMT) says. The board has tapped Marillyn Hewson to replace him as president and COO, and to become CEO on Jan. 1. LMT -0.7% AH.

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Comments (24)
  • wigit5
    , contributor
    Comments (4365) | Send Message
    I don't understand why this is such a big deal anymore... unless her position was elevated due in part of the relationship then yes he abused his power bye bye... but just because two people happen to meet at work and like each other shouldn't mean immediate damnation.


    bunch of whiny old prudes
    9 Nov 2012, 04:56 PM Reply Like
  • holydawn
    , contributor
    Comments (146) | Send Message
    Really? You violate the code of company ethics, risk a damaging sexual harassment lawsuit which could panic investors, and you still see no issue? HR departments are crazed over preventing incidences like this now and for good reason.
    9 Nov 2012, 09:14 PM Reply Like
  • helikid
    , contributor
    Comments (19) | Send Message
    I tend to agree. The rules need to soften up. As the rules stand, if they were to have disclosed their relationship to Ethics from the beginning, they may have stayed out of trouble ... even though he's married. Funny world we live in.
    11 Nov 2012, 01:33 AM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3414) | Send Message


    As the CEO of LMT the job requires a high level of security clearance with the government. His integrity and trustfulness would both come into question and he would be hard pressed to keep his clearance. Without that, LMT has no other substantive positions to move him to.


    He's got to go.
    11 Nov 2012, 09:12 AM Reply Like
  • Ted Bear
    , contributor
    Comments (700) | Send Message


    I'm home.......for good.
    9 Nov 2012, 05:08 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
    He should have moved the corp. HQ to France. Would have been a non-issue there.
    9 Nov 2012, 06:58 PM Reply Like
  • rambler1
    , contributor
    Comments (995) | Send Message
    All these guys in the highest positions of power all undone by "lack of control". Dumb asses. I'd rather have the money & prestige.
    9 Nov 2012, 05:19 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (3414) | Send Message
    Had to go; his clearance is in jeopardy.
    9 Nov 2012, 06:15 PM Reply Like
  • Good Knight
    , contributor
    Comments (156) | Send Message
    Lots of Republicans going down these days.....this is what happens when they lose an election.
    10 Nov 2012, 02:32 AM Reply Like
  • Tack
    , contributor
    Comments (16264) | Send Message
    Now, he's probably lost an erection, too. :-)
    11 Nov 2012, 02:44 PM Reply Like
  • $CLU
    , contributor
    Comments (258) | Send Message
    I don't understand!
    It was a critical skill when they were advancing their career.
    Now they can't perform what their good at when they reach the top?
    10 Nov 2012, 07:22 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4291) | Send Message
    Going down is what got him in trouble. Now, he's not only lost an election, but also an erection.
    10 Nov 2012, 10:48 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9709) | Send Message
    Ha...pretty costly piece of tail.
    10 Nov 2012, 03:36 PM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
    "The board has **tapped** Marillyn Hewson"


    I don't think I can stop laughing :D
    10 Nov 2012, 08:49 PM Reply Like
  • TAS
    , contributor
    Comments (3798) | Send Message
    Looks like the only CEO position that tolerates men with affairs is President of the United States.


    Ask Monica Lewinsky about that.....
    10 Nov 2012, 10:49 PM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1354) | Send Message
    Interesting might be a good short candidate, we all know what happened to hpq when they sacked ceo for affair.
    Downhill ever since.
    11 Nov 2012, 12:21 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9709) | Send Message
    HP's problems run far, far deeper...
    11 Nov 2012, 02:57 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13369) | Send Message
    Lockheed has problems as does the rest of the defense contractors not because of the CEO but because of the fiscal cliff. It is possible automatic defense cuts to some magnitude will take place asides from a few protected pet projects (the most wasteful naturally).
    11 Nov 2012, 11:58 AM Reply Like
  • Non-Performing Loan
    , contributor
    Comments (464) | Send Message
    Golden Parachute,no doubt
    11 Nov 2012, 12:41 PM Reply Like
  • moatfrog
    , contributor
    Comments (1120) | Send Message
    Laughing here! Merely, a Petraeus wanna-be. Hand him over to the Republicans.
    11 Nov 2012, 02:39 PM Reply Like
  • speedyj
    , contributor
    Comment (1) | Send Message
    He was not an engineer, he was an over paid bean counter. Should not be hard to replace.
    11 Nov 2012, 06:42 PM Reply Like
  • HPBunker
    , contributor
    Comments (217) | Send Message
    When you're making tens of millions of dollars each year, you need to have enough self control to keep it in your pants. Period. Not sure why some think that's too much to ask.
    12 Nov 2012, 01:27 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
    It's just a new burn notice format, nothing to do with bedding subordinates. Unfortunately, sex still sells and makes headlines, in the hope people will now believe Lockheed has achieved transparency, .......yeah right.


    Kubasik was expected to lead under a Romney Administration, as that didn't happen, Lockheed bumped him, nothing personal, just business. The current administration's phony troop draw downs, mean creating the illusion that you are axing new projects due to a smaller budget, when actually you are just trading those troop deployments for the option of: unmanned systems.


    Putting in a female "She-E-O" (Hewson) in his place, looks like a "democratic female quota" event, when really it's just a sugar coated "pro forma" act to cover up what they plan next, knowing as long as a female is there, people are less likely to start to dig*.


    *Take for example, the upcoming emergency budget allowances needed for the ballistic missile and air defense systems for the US / Israel / Iran conflict (THAAD). Lockheed plays a pivotal role in Command and Control, Battle Management and Communications (C2BMC) program (now operational across 17 time zones) that needs to be pushed trough without resistance.


    Financial false flags seem to fool the 99% most of the time, so why not one more time? It's all about the packaging, good luck Ms. Hewson.
    12 Nov 2012, 10:07 AM Reply Like
  • Dr. V
    , contributor
    Comments (1168) | Send Message
    As reported by all Major Newswires:


    "Meanwhile, Lockheed Martin’s Corporation (NYSE:LMT) options trading surged wherein approximately 57,000 puts changed hands before the announcement of Kubasik’s resignation on November 9. Ophir Gotlieb, managing director of Livevol Inc commented, “This is either a one in 1,000 random event or an egregious example of improprieties trading based on non-public information. Nothing is certain, but the odds certainly point toward the latter.”


    (Calls were coming through NY before the announcement, and the smart traders left it alone, was spotted as a bear trap early on.)


    Yeah, nobody saw it coming.


    Just as everyone on the Hill knew about the Petraeus story, and it was killed not only to save the Social-Democratic Party re-election, but also to be used as a tool to keep him (Petraeus) from having to testify before Congress. This is so common now, a 5 year old could spot the pattern. If you want to know who's having an affair in DC, book lunch at Charlie Palmer's, Capital Grille, or Monocle, OH..... don't bring the wife, eh?


    $100 say 3 more "romantic events" are announced before the end of the week. Republicans have a list, and they are whipping out the big artillery first.
    13 Nov 2012, 03:26 AM Reply Like
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