WaMu CEO bags $13M after 18 days on the job


	WaMu CEO bags $13M after 18 days on the job

masbury

9-27-2008 8:03 PM

378 views

tags:

wamu, economy, ceo

masbury says:

Largest bank failure in history gives new CEO a pretty good year.

1 Comment |

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9-28-2008 11:38 PM

hitchhiker08

Yup, sure to take the money n run...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7ba5edce-508b-4911-af11-79d275ad2f2a/E819BEE6-BB2A-441A-AE19-66262C0AB214/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422" href="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422" style="font-size: 11px;">www.dailykos.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422"><H2><SPAN class="diaryTitle">WaMu CEO Could Bag $13 Million After 18 Days on the Job</SPAN> </H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422"><P>While <A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aG.D1cUCF5zU&refer=home">Bloomberg</A> this morning is reporting that Washington Mutual's holding company has filed for bankruptcy, one clear winner emerged from the financial giant's meltdown.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422"><P>Meet Alan Fishman, Washington Mutual's CEO, who's been on the job <A href="http://www.bloggingstocks.com/2008/09/27/wamus-ceo-bagging-13-65-million-in-18-days/print/">less than three weeks</A>:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422"><BLOCKQUOTE>
<P>As should be no surprise, he signed a juicy contract: a $7.5 million signing bonus and a lump-sum payment for severance that comes to $6.15 million. In other words, if he leaves the company, he'll walk away with $13.65 million.</p> <P>That's a pretty good deal in light of the fact that WaMu is the biggest bank collapse ever.
</p> </BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailykos.com/storyonly/2008/9/27/113854/014/847/612422"><P>And Wall Street wonders why the peasants are getting a tad restless.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E819BEE6-BB2A-441A-AE19-66262C0AB214/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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