Politics

Out of context: Reply #1151

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  • ukit0

    While Bloomberg this morning is reporting that Washington Mutual's holding company has filed for bankruptcy, one clear winner emerged from the financial giant's meltdown.

    Meet Alan Fishman, Washington Mutual's CEO, who's been on the job less than three weeks:

    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.

    That's a pretty good deal in light of the fact that WaMu is the biggest bank collapse ever.

    And Wall Street wonders why the peasants are getting a tad restless.

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