Report: Lockheed Martin Official to Receive $3.5 Million Separation Payment
Incoming Lockheed Martin CEO resigned last week following an ethics investigation.
Christopher Kubasik, a top Lockheed Martin executive who resigned last week following an ethics investigation, will receive a $3.5 million separation payment,The Washington Post's Capital Business blog reports.
The investigation revealed that Kubasik had a “lengthy, close, personal relationship” with a subordinate employee, according to the report.
An employee who was not involved in the relationship came forward with the allegations, Lockheed’s CEO Bob Stevens said, according to the Washington Business Journal.
Kubasik was set to take Stevens’ place as CEO in January.
Kubasik will not receive a separate bonus for 2012, and “will forfeit any unvested stock options, unvested restricted stock units and long-term incentive performance awards for periods that have not been completed,” The Post reported.