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Top WaMu Execs In Line for $38 Million in Severance

Posted by billspaced | 2:02 PM | 0 comments »

WaMu execs could get cash severance totaling $38 million - Portland Business Journal:
Alan Fishman, the CEO of Washington Mutual Inc. for only a few weeks before the Seattle-based thrift failed, would be entitled to $19.1 million in severance and bonus pay.

Two other top WaMu executives have clauses in their employment agreements that would also pay them a total of $19 million in cash severance if they are terminated by JPMorgan Chase & Co.
It's good to see that the little guys get paid, too!

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