Friday, August 31, 2012

THIS ISN'T SUPRISING

From Minyanville:
3. Alan Fishman, Washington Mutual
Tenure: 17 days
Compensation: $19 million

Brace yourselves because these last three are going to be a little ridiculous. Alan Fishman became the CEO of Washington Mutual on September 8, 2008, tasked with the difficult job of restructuring the company in the wake of the US mortgage crisis. Seventeen days later, the company’s assets were seized and its banking operations were sold to JPMorgan Chase. While most people wouldn’t even qualify for vacation/medical benefits in that time, Fishman was ultimately awarded upwards of $19 million for his services. Adding even more perspective, the previous WaMu CEO, Kerry Killinger, had to work an entire year to earn his $14 million.

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