The Securities and Exchange Commission has settled improper accounting charges it brought against a trio of former financial officers of Raytheon Co.
The men -- former chief financial officer Franklyn A. Caine, former controller and lead auditor Edward S. Pliner and former chief financial officer for the company’s commercial aircraft division James E. Gray -- will pay $1.5 million to settle the charges, and neither admitted, nor denied, the allegations as part of the deal.
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