Monday, August 25, 2014
CityTime Crime SAIC Team Work Waltz Around Issues Walt Havenstein NH Gov Wannabe
Yawn!!! Just like that shareholder lawsuit..everyone else knew at SAIC about City Time fraud scandal with whistle blower letter but not our NH gubernatorial candidate Walt "ain't no Disney" Havenstein.
According to Valley News Walt was retired fromhis last job then re-retired early from SAIC post haste CityTime debacle!? Wake up NH!!!
"Although Havenstein had planned to retire after leaving BAE, he was offered an opportunity to lead SAIC, another contracting company. The company was at a crossroads of determining where to set its priorities as the country’s defense budget was shrinking. Then, nine months into Havenstein’s tenure, news broke that investigators were looking into the company for a $500 million fraud scandal regarding a contract with New York City.
The New Hampshire Democratic Party says Havenstein both failed to stop the fraud scandal and implemented a bad strategy. During his tenure, the company lost 5,000 jobs and its stock value fell. The party’s prime line of attack against Havenstein is to call him a “failed CEO” for this time at SAIC. Party Chairman Ray Buckley has repeatedly declined to comment on Havenstein’s tenure at BAE Systems.
Havenstein says he did implement a new strategy at SAIC, which centered on consolidating the company’s 78 different businesses to create more “punching power” in the market. It was a success, he said, but the fraud scandal hurt the company.
“That occupied about 18 months of my overall tenure there, and so my colleagues know we solved a very difficult problem for SAIC,” he said. “That company was much stronger when I left, both market-wise and from a leadership perspective. ... Leaders have to deal with the good and the bad and the ugly things.”
McLean, Va.-based SAIC also made $78 million through federal contracts to help implement the Affordable Care Act, a policy Havenstein opposes. Havenstein says that as CEO he could not let his personal political views dictate operations."
http://mobile.vnews.com/home/13242889-108/as-a-leader-havensteins-focus-is-teamwork
According to Valley News Walt was retired fromhis last job then re-retired early from SAIC post haste CityTime debacle!? Wake up NH!!!
"Although Havenstein had planned to retire after leaving BAE, he was offered an opportunity to lead SAIC, another contracting company. The company was at a crossroads of determining where to set its priorities as the country’s defense budget was shrinking. Then, nine months into Havenstein’s tenure, news broke that investigators were looking into the company for a $500 million fraud scandal regarding a contract with New York City.
The New Hampshire Democratic Party says Havenstein both failed to stop the fraud scandal and implemented a bad strategy. During his tenure, the company lost 5,000 jobs and its stock value fell. The party’s prime line of attack against Havenstein is to call him a “failed CEO” for this time at SAIC. Party Chairman Ray Buckley has repeatedly declined to comment on Havenstein’s tenure at BAE Systems.
Havenstein says he did implement a new strategy at SAIC, which centered on consolidating the company’s 78 different businesses to create more “punching power” in the market. It was a success, he said, but the fraud scandal hurt the company.
“That occupied about 18 months of my overall tenure there, and so my colleagues know we solved a very difficult problem for SAIC,” he said. “That company was much stronger when I left, both market-wise and from a leadership perspective. ... Leaders have to deal with the good and the bad and the ugly things.”
McLean, Va.-based SAIC also made $78 million through federal contracts to help implement the Affordable Care Act, a policy Havenstein opposes. Havenstein says that as CEO he could not let his personal political views dictate operations."
http://mobile.vnews.com/home/13242889-108/as-a-leader-havensteins-focus-is-teamwork