Thursday, May 04, 2006

CEO gets $1m slap for misuse of maxims - The Boston Globe

CEO gets $1m slap for misuse of maxims - The Boston Globe: "Raytheon Co.'s board voted yesterday to freeze the salary of William H. Swanson at last year's level and pare his new stock grants by 20 percent in response to the chief executive's failure to credit the sources of his 2004 book of homespun management maxims."

Page 1 of the Boston Globe lately has read like the Plagiarism Times. The business section today includes a counterpoint that notes:

"The act itself was stupid and unnecessary. The company's immediate waffling reaction appeared pathetic. But the public outcry has sounded hysterical."

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