Executive Suite: Unbecoming An Officer

Unbecoming An Officer

When a Navy consultant inadvertently left a confidential report at Bath Iron Works last May, officials of the Maine defense contractor could not resist the temptation to peek. Chairman William Haggett ordered up a photocopy of the report, which reviewed the cost of a rival firm's work on the Aegis guided- missile destroyer program. But after briefly scanning the report, Haggett decided he had made "an inappropriate business-ethics decision" and returned the document to the Navy, which launched an investigation.

Still filled with remorse, Haggett, 57, stepped aside last week as chief executive officer, a position he had held since 1983....

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