WaMu CEO to get millions?
September 26th, 2008
2 comments
According to CNN, the CEO of the now failed Washington Mutual bank, may be eligible for millions of dollars.
Washington Mutual chief executive officer Alan Fishman could walk away with more than $18 million in salary, bonuses and severance after less than three weeks on the job, according to the terms of his employment agreement.
So if my calculations are right, $18 million for approximately 21 days of work comes out to $850,000+ per day! Now I’m not an expert on financial matters by any stretch, but it doesn’t take a genuis to realize something is wrong with this picture.
