DANG, you're right!! Bad news indeed (I hope not). Will he trade future "friendships" and cocktail parties to do the right thing? Let's hope so.
Here's a bio I found, a little dated:
JOHN D. NEGROPONTE, a retired ambassador, is Executive Vice President of Global Markets, the McGraw-Hill Companies. He is also a member of the Council on Foreign Relations in New York City, Chairman of the French-American Foundation, Co-President of the U.S.-Mexico Commission for Educational and Cultural Exchange, and a Fellow of the Foreign Policy Association. As a member of the career Foreign Service, Ambassador Negroponte served as Special Coordinator for Post-1999 U.S. presence in Panama, Ambassador to the Philippines, Ambassador to Mexico, Ambassador to Honduras, and as Deputy Assistant to the President for National Security Affairs.
This article is from Reuters (and therefore suspect). It's not clear what "contracts" would be honored. We need more info.