WaMu CEO Alan Fishman could get $13.65 million for 18 days work

Posted on 29. Sep, 2008 by John Fife in Business & Finance, Economy

NEW YORK (Reuters) – The chief executive of the failed savings and loan Washington Mutual Inc could get $13.65 million for the 18 days he was on the job, a regulatory filing shows.

Alan Fishman was awarded a $7.5 million signing bonus when he joined the Seattle-based thrift on Sept 7, according to a U.S. Securities and Exchange Commission filing.

His employment agreement also provided for a $6.15 million lump sum payment as severance if he were terminated without cause, the filing shows.

Washington Mutual hired the former chief executive of Brooklyn, New York-based Independence Community Bank Corp to help the thrift rebound from soaring mortgage losses. Source>>>

3 Responses to “WaMu CEO Alan Fishman could get $13.65 million for 18 days work”

Hamm 29 September 2008 at 9:21 am #

Nice ripoff for the Jew.
Eddie 29 September 2008 at 3:42 pm #

Indeed, it’s a Happy Rosh Hashanah! What a blessing these people are to us!
anthony NJ 30 September 2008 at 12:22 am #

6 million more