WaMu CEO: 3 weeks work, $18M

WaMu CEO: 3 weeks work, $18M

money.cnn.com

NEW YORK (CNNMoney.com) -- Washington Mutual Chief Executive 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.

(visit the link for the full news article)

Simply mind-boggling. The largest bank failure in American history. Will the madness never end?

The American economy is on the brink of financial collapse, and this guy works for 17 days and gets $18. How do they manage to work deals like this? Whose fault is it that contracts like this can be negotiated? Do the stockholders allow this? Why don't they vote it down?

money.cnn.com
(visit the link for the full news article)

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