William J. Lynn will be under special ethics scrutiny if he walks into the Pentagon.
But as he walks out the door of Raytheon Co., the Waltham-based defense contractor, his wallet will be appreciably fatter from keeping his pledge to sell his company stock before taking the No. 2 Defense Department job.
The Associated Press obtained financial disclosure documents today that show Lynn owns Raytheon "incentive" stock valued between $500,001 and $1 million that will vest in February, plus "unvested restricted stock" valued between $250,001 and $500,000.
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, the AP reports. Lynn received a salary of $369,615 last year as a senior vice president at Raytheon, where he began working in August 2002 and where he was a lobbyist until last year.
Some Republicans on the Senate Armed Services Committee balked at his nomination as deputy defense secretary, raising concerns about conflict of interest and saying his appointment would conflict with President Obama's orders to cut the influence of lobbyists.
The administration waived the lobbying rules for Lynn, who agreed to divest his Raytheon stock and to be under ethics review for a year. His would-be boss, Defense Secretary Robert M. Gates, told the committee today that stringent ethics rules make it difficult to fill top posts at the Pentagon and said it was time to ensure we are not "cutting off our nose to spite our face."
About Political Intelligence
Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at email@example.com. Follow him on Twitter @globeglen.