Textron

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Campaign to Fix the Debt
Company Profile
Company Name Textron
CEO Name Scott Donnelly
CEO Compensation $11,519,177
CEO Retirement Assets $3,535,656
Underfunded Company Pension -$1,312,000,000
Annual Company Revenue $11,275,000,000
Territorial Tax Break $164,500,000
Federal Lobbying/Political Donations ('09-'12*) $17,805,000
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

Textron is a publicly owned industrial conglomerate founded in 1923.[1] According to the company's website, "Textron consists of numerous subsidiaries and operating divisions, which are responsible for the day-to-day operation of their businesses."[1] These businesses include: Bell Helicopter, Cessna, E-Z-GO, Greenlee, Jaconsen, Kautex, Textron Financial Corporation, and Textron Systems.[2] The company is headquartered in Providence, Rhode Island.[3]

In 2011, the company recorded $11,275,000,000 in total revenues.[4]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Textron is part of the Campaign to Fix the Debt as of February 2013.

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Board of Directors

As of January 2013[5]

Contact Information

Textron World Headquarters[3]
40 Westminster Street
Providence, RI 02903

Phone: (401) 421-2800

Resources and articles

Featured SourceWatch Articles on Fix the Debt

References

  1. 1.0 1.1 "Our Company", Textron, Accessed January 22, 2013.
  2. "Textron Businesses", Textron, Accessed January 22, 2013.
  3. 3.0 3.1 "Contact Us", Textron, Accessed January 22, 2013.
  4. Textron, "2011 Annual Report", organizational document, page 18.
  5. "Board of Directors", Textron, Accessed January 22, 2013.