Pentagon No. 2 Could Earn $500K Lobbying Pentagon

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LARA JAKES | January 27, 2009 01:47 PM EST |

WASHINGTON — The man nominated to be the Pentagon's
second-in-command could make at least a half-million dollars next month
with vested stock he earned as a lobbyist for military contractor Raytheon.

William J. Lynn has said he will sell his Raytheon stock. Lynn was tapped to be deputy defense secretary despite an Obama administration order against "revolving door" lobbyists who become public officials.

Financial
disclosure documents obtained Tuesday by The Associated Press show Lynn
owns Raytheon "incentive" stock valued between $500,001 and $1 million.
That stock is set to vest in February, the documents show.

Additionally, Lynn owns Raytheon "unvested restricted stock" valued between $250,001 and $500,000, the documents show.

As a Raytheon lobbyist, Lynn worked on matters with far reach across
the Pentagon, including contracting policy, the military's use of
space, missile defense, munitions and artillery, sensors and radars,
and advanced technology programs.

Raytheon is one of the military's top contractors, with $18.3 billion in U.S. government business in 2007.

The documents show Raytheon also gave Lynn a 2008 cash bonus of
between $100,001 and $250,000 to be paid in March of this year. Lynn
received a salary of $369,615 last year as a senior vice president at
Raytheon, where he began working in August 2002.

Initially, Senate Democrats and Republicans alike balked at Lynn's nomination, citing concerns...

more...http://www.huffingtonpost.com/2009/01/27/pentagon-appointee-will-m_n_161295.html