The former chief of defense contractor Raytheon Co. will reportedly pay a civil fine and return part of his 2000 bonus as part of a tentative settlement with the Securities and Exchange Commission.
The exact amount of the settlement with Daniel Burnham, Raytheon's chairman and chief executive from December 1998 to July 2003, has not been announced. Burnham sits on the board of directors for Colorado-based First Data Corp., which disclosed the impending settlement in a recent filing. First Data is the parent company of Western Union.
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