Entries tagged "Kerry Killinger"
It is the one-year anniversary of Lehman Brothers bankruptcy. Since then a lot of dealmakers have moved around.
What's the price of failure? For Washington Mutual Inc. CEO Alan Fishman, it's about $10 million, which is what he stands to collect as reward for presiding over the thrift's collapse, the biggest bank meltdown since time began. Not that Fishman, a 25-year banking industry veteran (and former senior executive at another distressed financial giant, American International Group Inc.), didn't earn it. He took the job at WaMu, replacing former chief executive Kerry Killinger on Sept. 8. Under his compensation package, Fishman got a $7.5 million cash signing bonus and, assuming his exit is deemed "constructive," is eligible for a...
The credit crunch has claimed another victim in the person of Washington Mutual Inc.'s CEO Kerry Killinger. He will be replaced by Alan Fishman, the current COO of commercial mortgage broker Meridian Capital Group and former COO of Sovereign Bancorp, the second-largest savings and loan behind Washington Mutual. ...
