HEADLINE NEWS
Wall Street Lauds Raytheon CEO Pick
NEW YORK Raytheon Co.’s selection of Daniel P. Burnham to succeed outgoing chief executive Dennis J. Picard strongly suggests the company is prepared to embark on significant cultural change, with a focus on greater efficiency. Burnham currently is one of two vice chairmen at AlliedSignal Inc., but starting July 1, he will become Raytheon’s president and chief operating officer.
By ANTHONY L. VELOCCI4 min