Posted by Dave on 09/27/08 at 09:37:30 pm
Categories: Economy

WaMu's CEO: Bagging $13.65 million in 18 days?

But there appears to be yet another interesting beneficiary: Alan Fishman. He is WaMu's CEO, who took the top job 18 days ago.

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.

Wow... I am in the wrong industry.

And people wonder why some of us say that CEO pay is out of control?

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