Raytheon's financial woes lead to executive shuffle
One of the most thorough corporate management shakeups in recent memory has left Raytheon Aircraft Co.

One of the most thorough corporate management shakeups in recent memory has left Raytheon Aircraft Co. (RAC) insiders and outsiders scribbling notes to keep track of who went where and why.

Reporting directly to Daniel Burnham, chairman and CEO of parent Raytheon Co. of Lexington, Mass., James Schuster took over as chairman, president and CEO of Raytheon Aircraft from Hansel Tookes at the end of May. Schuster immediately went to work on restructuring and replacing key positions, just shortly after he announced that he was moving his management team from the fourth floor of the executive offices to the shop floor.

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