CEO of failed WaMu could get millions

Business | 419 hits | Sep 26 2:46 pm | Posted by: tritium

The CEO of failed Washington Mutual Inc., on the job only a few weeks before the largest U.S. thrift was seized by the government and sold to JPMorgan Chase & Co., is entitled to more than $13 million in severance and bonus pay.

Comments

by tritium
Fri Sep 26, 2008 9:51 pm
O.K. the CEO gets a parachute of about 20 million dollars for a 17 days of work.

(1.2 Million dollars a day - worth getting out of bed for huh)

Meanwhile is WaMu is foreclosing on the poor.

Investors losing their investment in the bank...

Corporate America is screwed..