William H. Swanson

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William H. Swanson

William H. Swanson (born 1949) is an American businessman, engineer and car collector who is the former chairman and CEO of Raytheon Company (2004 -2014).<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Education

A native of California, Swanson graduated magna cum laude from California Polytechnic State University, San Luis Obispo with a bachelor's degree in aerospace engineering. He attended Cal Poly with the assistance of a golf scholarship.<ref>Reference for Business William H. Swanson 1949— Biography</ref> He was awarded an honorary Doctorate from Pepperdine University and served on the Board of Regents of Pepperdine. He was selected as the Outstanding Industrial Engineering Graduate in 1972, and in 1991 was recognized as an Honored Alumnus by California Polytechnic State University College of Engineering. He attended a graduate degree program in business administration at Golden Gate University.

Career

Raytheon

Swanson joined Raytheon in 1972 as their highest paid starting engineer,<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and held a wide range of leadership positions, including manufacturing manager of the company’s Equipment Division, general manager of the Missile Systems Division's Andover Plant, senior vice president and general manager of the Missile Systems Division, general manager of Raytheon Electronic Systems, and president, chairman and chief executive officer of Raytheon Systems Company.

Before becoming chairman of Raytheon in January 2004, Swanson was CEO and president of the company. Prior to that he was president of the company, responsible for Raytheon’s government and defense operations, including the four Strategic Business Areas of Missile Defense; Precision Engagement; Intelligence, Surveillance and Reconnaissance (ISR); and Homeland Security. Before that, he was a Raytheon executive vice president and president of Electronic Systems.

As a protégé of chairman and CEO Dennis Picard and a long-time Raytheon insider, he was the expected candidate to succeed the retiring chairman in the late 1990s. However, Daniel Burnham, an outsider, was elected to succeed Dennis Picard as chairman and CEO. After Burnham completed a five-year contract with Raytheon, Swanson was elevated to his position.

Swanson stepped down from the CEO position in March 2014 and retired from Raytheon entirely in September 2014. He was succeeded by Dr. Thomas A. Kennedy, who had previously served as Raytheon's chief operating officer.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Car Collection

Swanson is the owner and curator of an entirely-red collection of exotic vehicles based in Arroyo Grande, California.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The collection, which primarily houses Ferraris, includes cars from the 1960s to the modern day. The license plate on every car contains his initials “WHS" alongside a different number or letter(s). The collection currently includes:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Post Retirement

Swanson founded the Center of Effort Winery based in Edna Valley, California in 2008.<ref>Template:Cite news</ref>

Honors and associations

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  • Honorary chair of 2011 Engineers Week.<ref>{{#invoke:citation/CS1|citation

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  • Navy Distinguished Civilian Service Award 2019<ref name=":0" />
  • Navy League Fleet Admiral Chester W. Nimitz Award<ref name=":0" />

Swanson's Unwritten Rules of Management and plagiarism

Template:Expand section Swanson released a short work called Swanson's Unwritten Rules of Management, thirty three sound-bite rules, including the comparatively well known "Waiter Rule".

On April 24, 2006, in a statement<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> released by Raytheon, Swanson admitted to plagiarism in claiming authorship for his booklet, "Swanson's Unwritten Rules of Management," after being exposed by an article in The New York Times. On May 2, 2006, Raytheon withdrew distribution of the book.<ref>Template:Cite news</ref> On May 3, 2006, Raytheon punished Swanson by reducing his compensation by approximately $1 million for publishing what was "later found to have been taken from a 1944 engineering classic, The Unwritten Laws of Engineering, by W. J. King."<ref>Template:Cite news</ref> Further investigation by the Boston Herald revealed that Swanson had also copied some of the rules from former US Secretary of Defense Donald Rumsfeld<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> and columnist Dave Barry.<ref>Template:Cite news</ref>

The Boston Globe, the major newspaper in Raytheon's home town, reported "the move was largely symbolic given Swanson's robust $7 million pay package in 2005."<ref>Template:Cite news (Subscription for full article)</ref>

References

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