[Parmy]

Hail Mary pass or no, even if he worked for 19 years, the compensation is a little much. Especially from an organization that is/was/and has been under capitalized.

If he was so good and thought enough of his abilities he would/could have taken on the job for a $1 a year and let his compensation be based upon his performance.

That is the problem that has now been identified in this field. Lots of compensation at the top and damned little actual, measurable, bottom line performance.

I don't have that in my job which, of course, is insignificant by the bloated importance of these guys jobs.

Sheesh!!!!

[what's up]

If he was so good and thought enough of his abilities he would/could have taken on the job for a $1 a year and let his compensation be based upon his performance

Maybe all employees everywhere should work under these conditions.

$1 a year unless you perform. If you don't help to make the company turn a profit that year...sorry no more money for you.

In reality (thank God) every employee signs a payment contract, including CEO's.

The company offers what they think the job is worth. It's a contract just like is done for every employee. If WaMu wants to offer top dollar to try to get them out bankruptcy, let them.