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Charles Francis Adams IV

Charles Francis Adams IV

Charles Francis Adams IV

Charles Francis Adams IV (1910-1999) was a U.S. electronics industrialist. He served as the first president of the Raytheon Company between 1948 and 1960, and again from 1962 to 1964. He served as the chairman of the Raytheon Company between 1960 and 1962, and again from 1964 until 1972. He was the son of Charles Francis Adams III.

Raytheon Company is a major United States military contractor based in Waltham, Massachusetts. The company has 80,000 employees worldwide, and annual revenues of approximately $22 billion. More than 90 percent of Raytheon’s revenues are obtained from defense contracts, and as of 2005, it is the fifth largest military contractor in the world.

In addition to its US domestic facilities, Raytheon currently has offices in countries worldwide, including Australia, Belgium, Brazil, Canada, Chile, China, Czech Republic, Egypt, France, Germany, Greece, India, Italy, Japan, Kuwait, Malaysia, Marshall Islands, Norway, Republic of Korea, Singapore, Saudi Arabia, Spain, Sweden, Taiwan, Thailand, Turkey, United Arab Emirates, and the United Kingdom.

Since nearly all of Raytheon’s revenues are obtained from defense contracts, there is necessarily a tight cooperation between Raytheon and the U.S. Department of Defense. This, along with heavy lobbying, has led to perennial charges of influence peddling. Raytheon contributed nearly a million dollars to various defense-related political campaigns in 2004, spending much more than that on lobbying expenses. And there are many tight ties between the company and all levels of government. Richard Armitage, former United States Deputy Secretary of State, is linked to the company by consultancy work. John M. Deutch, former U.S. Director of Central Intelligence, sits on the board of directors, along with Warren Rudman, a former Senator.

Adams was born May 2, 1910, in Boston and attended St. Mark’s School, graduated from Harvard College in 1932, and attended Harvard Graduate School of Business Administration. Adams was a sixth generation Harvard legacy student (his great-great-great-grandfather, President John Adams, graduated from Harvard in 1755). Mr. Adams and the late Margaret Stockton Adams had three children: Abigail (Mrs. James C. Manny); Alison (Mrs. Paul G. Hagan); and Timothy. In 1973, Mr. Adams married the former Mrs. Beatrice D. Penati. He had nine grandchildren and 13 great-grandchildren.

Mr. Adams had been awarded honorary degrees by Suffolk University, Northeastern University, Bates College and Tufts University.

—From Wikipedia.org

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