Missile Maker's Defender

GC Jay B. Stephens has steered a significant turnaround in Raytheon's fortunes since his arrival -- the firm faced "pretty big, bet-the-company issues" when he came aboard, he said. A pair of securities class actions were in progress, not to mention an export-control investigation and a three-year SEC probe. Meanwhile, Raytheon's global power plant business was draining $2 billion in cash. Stephens said he and his crew "stopped the bleeding" and resolved the issues through litigation and arbitration.

Name and Title: Jay B. Stephens, vice president, general counsel and secretary

Age: 60

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