Wamu CEO got 20 Million for his freakin' 17 days on the job (vanity)

[Scythian]

I'm not putting a reference in becasue I want my freakin' title, I'm pissed. But search and you shall find ...

[Red Badger]

GOOD WORK IF YOU CAN GET IT!..........

[Tijeras_Slim]

Just when things were going so well for him.

[A. Morgan]

Do you have a link for this?

[MrB]

But... but...

they won the “diversity” award!!!

[killer_rat]

To borrow a quote from the late, great Morton Downey, Jr., “String him up from the highest limb by his...” (you-know-whats).

[Scythian]

Read my original comment

[scooby321]

Hope he got cash not stock options.

[Earthdweller]

Well hell yea...the worse the company looks the more CEOs fight to get the job. It just means they come to their fortune sooner.

[bereanway]

It’s all Monopoly money. By the time King Henry gets done monetizing the debt we’ll be papering our bathrooms with the stuff. Pretty sad.

[xJones]

Which head hunter/job agency did he go through? If they could sell that turkey they could sell anything!

[NormsRevenge]

Wamu CEO got 20 Million for his freakin’ 17 days on the job ..

He was being paid thru 2009 per this article, a thread was posted earlier as well.. don’t recall the source

—

CEO pay: What those involved in the financial meltdown made

http://www.bizjournals.com/louisville/stories/2008/09/22/daily33.html?ana=from_rss

Seattle-based Washington Mutual (NYSE: WAMU) will pay its new CEO, Alan Fishman, a salary and incentive package worth more than $20 million through 2009 for taking the helm of the battered bank, according to the Puget Sound Business Journal.

[A. Morgan]

Reading the piece at the link below... “If he stays for the full year, he’ll receive a long-term incentive award of no less than $8 million, according to the Security and Exchange Commission filing.” Looks like he missed out on the $8 million, since he didn’t last a full year and neither did WaMu
under his leadership.

http://www.bizjournals.com/portland/stories/2008/09/08/daily37.html

[TexasCajun]

I wanna see multiple Perp Walks of these criminals.

[thecabal]

Whoo Hoo™!

[Pining_4_TX]

You are so right. There is a joke e-mail making the rounds about why doesn’t the government just send out $425,000 to each citizen. Why not, indeed. After all, it won’t be enough to buy a Happy Meal at that point. If we don’t cut spending and stop printing $, we are looking at the destruction of the dollar. Then it won’t matter what we argue about concerning spending. It won’t be there to spend.

[callthemlikeyouseethem]

try this link:

http://news.google.com/news?hl=en&oe=UTF-8&um=1&tab=wn&resnum=0&cd=1&scoring=n&q=wamu+ceo+unclear

or

http://tinyurl.com/4d8td6

[abercrombie_guy_38]

And to think some Freepers can’t understand why the public is so angry at Wall Street and these big business execs.

[justkate]

Also here:
WaMu Gives New CEO Mega Payout as Bank Fails

http://www.foxnews.com/story/0,2933,428641,00.html

[lilylangtree]

While Freddie Mac and Fannie Mae were posting billions in losses, the CEOs of both were in the top 5 top executive salaries. Take a look:

2008 Top 100 Executives Salaries (note Freddie Mac & Fannie Mae in top 12):

http://projects.washingtonpost.com/post200/2008/executives-by-salary/

Fannie Mae’s Sitting Board and top execs salaries: http://projects.washingtonpost.com/post200/2008/FNM/

Freddie Mac’s Sitting Board and top execs salaries: http://projects.washingtonpost.com/post200/2008/FRE/

I remain faithfully disgusted!