Washington Mutual's CEO Alan Fishman was hired on Sept. 7, less than three weeks before the bank failed and was purchased by JP Morgan Chase. JP Morgan hasn't decided the fate of the newbie CEO, but we can bet if he gets the boot he'll walk with much more than the $60,000 he was paid during those three weeks. Can you guess how much Fishman could receive for his severance package?
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Rivaldi
Minnetonka
Time to Spa
That is outrageously disgusting. I am in clearly in the wrong
field!!!
1Dayum!!!
2wow - i guess he did a great jog negotiating his package when he signed the contract. i'm impressed with that and a bit disgusted as well. if only i made the kind of money that he did in 3 weeks, and then to get $18mill
3Large companies severance packages usually disgust me.
4You know, if all the insanely and disgustingly rich people in this nation could let go some of their money, maybe the nation wouldn't have as big of a deficit!
5This is the part of the whole banking crisis that outrages me.
6Fishman was brought in to help WaMu mess, only to find they were in too big a hole to climb out of.
What's more disgusting is how much the prior CEO was paid to dig the hole, and he kept digging and digging. He was paid to screw up what was, at one point, a successful banking institution that brought us all free ATMs, and no-fee deposit accounts.
Now we are all going to end up with either BofA, Chase, or Citi.
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