Raytheon CEO's Salary Revealed

It's interesting that Raytheon's sales and profit grew last year while Swanson's pay fell. It's the opposite of bank CEOs getting massive pay packages right before the financial institutions collapse or need government help to survive.

Raytheon's Swanson earned $18.6m

(Boston Globe) Raytheon Co. chief executive William H. Swanson earned $18.6 million last year, down from $20.5 million in 2008, mainly because of a smaller increase in his pension benefits.

The Waltham defense contractor said Swanson, a long-time Raytheon executive who became CEO in 2003, earned $3.5 million in pension benefits and deferred compensation in 2009, down from $4.7 million in 2008.