DoD Buzz: Efficiencies Begin to Bite; 600 Execs Leaving Lockheed

[unhappycamper]

unhappycamper note: Since the ‘Pentagon’ has ‘requested’ that I only post one paragraph from articles on Army Times, and Airforce Times, I’ve decided to give ya’ll an unhappycamper summary of the article and a link to the OP. To keep in that same (new) tradition, I will also do the same for for articles on Navy Times, Marine Corps Times, stripes.com and military.com.

To read the article in the military's own words, you will need to click the link.

(This space reserved for a legally correct snark dump.) It sure is beginning to smell like fascism.

unhappycamper summary of this article: The comments following this thread are worth reading.



Efficiencies Begin to Bite; 600 Execs Leaving Lockheed
By Colin Clark Wednesday, September 8th, 2010 3:01 pm
Posted in Policy, Rumors

Bottom line for the company is that, while the executives contributions were praised by CEO Bob Stevens, their departures will “enable us to achieve significant cost savings and a leaner management structure at a time when our customers have an urgent need for more affordable solutions to the global security challenges they face.”

[Swamp Rat]

1. "600 — of its top people accepted buyout offers and will leave the company."

*Cha-ching!*

I wonder how heavily laden will be their golden parachutes?

... just a “Natural Course of The Business Cycle" ... my ass! :eyes:

I can think of a better use of that money, like retrain and give jobs to veterans.