Shareholders were far from mollified by director Mary Pugh's resignation as they likely rejected two other directors that investor CtW Investment Group were demanding ousted: James Stever and Charles Lillis. Some are even demanding the resignation of chief executive Kerry Killinger as chairman of the board. If that isn't enough, shareholders are also suing the company.
So who could be the next board member ousted? NewsVisual offers an outline of the board's directors and their connections.
Traders are talking about the meeting on Google Finance discussion boards. Google user boneye said:
Killinger was ridiculed by his own shareholders. To which he's replied "have faith" and "this is the worst crisis since the great depression". Maybe it is for WaMu, but ask JPM how they feel about it... How did they not change guidance? Please, anybody explain.
To see more venting visit Facebook group: WaMu: A screwed up company. - Maria Woehr
