Double WaMu: Alan H. Fishman In Line For Million Dollar-A-Day Bonus
WHEN Lehman Brothers collapsed, news was of the French trader who’d arrived at his desk to see his desk leave the office. (Although now Nomura, the Japanese outfit, has agreed to take over the European business, his desk might return).
Now learn of CEO Alan H. Fishman, chief executive of Washington Mutual. He started his new job at the failed bank just three weeks ago.
Mr Fishman is now eligible for $19.1 million in compensation.
The New York Times notes:
Mr. Fishman, who has been on the job for less than three weeks, is eligible for $11.6 million in cash severance and will get to keep his $7.5 million signing bonus, according to an analysis by James F. Reda and Associates. WaMu was not immediately available for comment.
No one there to man the phone. No-on there to pay the phone bill…
Posted: 27th, September 2008 | In: Money Comments (30) | TrackBack | Permalink
