Textron controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Alleged fraudulent takeover bid
The U.S. Department of Justice and Securities and Exchange Commission announced criminal and civil charges involving the former head of Xcalibur Aerospace Ltd. Authorities alleged that the proposed tender offer to acquire Textron for approximately $13.8 billion was fraudulent and that the bidder lacked the financing to complete it.
2007
Executive aircraft-use criticism
Media reporting and shareholder criticism focused on the cost of corporate-jet travel used by chief executive Lewis Campbell to commute between his home and Textron's headquarters. The issue concerned executive compensation and corporate spending rather than an adjudicated corporate misconduct finding.