One quarter of Lockheed executives take buyout offer | WHAT REALLY HAPPENED


One quarter of Lockheed executives take buyout offer

Bethesda-based contracting giant Lockheed Martin announced Wednesday that more than 600 executives have taken the company up on an early-exit program that provides financial incentives in exchange for leaving.

The total represents about 25 percent of all company executives and follows Lockheed's move to cut its workforce nationally by about 10,000 since the beginning of last year.

Webmaster's Commentary: 

Notice how executives are given financial inducements to leave, as opposed to the pink slips regular workers get handed.

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