Wajsgras is president of Raytheon’s Intelligence, Information and Services (IIS) business, which focuses on cybersecurity, sensors and imaging technology, and guidance systems for ships and aircraft.
The big boost in Wajsgras’ earnings came largely from an increase in the accumulated value of his pension benefits, which was triggered because he has been employed at Raytheon for 10 years. He was Raytheon’s chief financial officer from 2006 until 2015, when he took over the IIS role.
Wajsgras’ direct compensation was about $4.6 million, slightly less than in the previous two years.
Wajsgras’ compensation was the second highest at Raytheon in 2016, behind only chairman and CEO Thomas Kennedy, who made more than $20 million for the second year in a row.
Raytheon has a market cap north of $45 billion. Its stock price has risen nearly 13 percent since the presidential election on November 8.
The company reported $24 billion in sales in 2016, with 31 percent of that business coming from international sources. It employed 63,000 people worldwide at the end of 2016, up from 61,000 a year earlier.
Here’s a breakdown of the total compensation for Raytheon’s top executives:
- Thomas Kennedy, chairman and CEO: $20.5 million
- Anthony O’Brien, chief financial officer: $4.7 million
- David Wajsgras, president of Intelligence, Information and Services: $12.5 million
- Richard R. Yuse, president of Space and Airborne Systems: $5.9 million
- Taylor Lawrence, president of Missile Systems: $4.8 million
Source: Biz Journal
The post Raytheon’s top cybersecurity exec saw compensation double to $12.5M appeared first on Compliancex.
April 24, 2017 at 06:55PM
from The Compliance Exchange
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