I've complained many times about golden parachutes and obscene amounts paid to CEO's of corporations when, under their leadership, they have run the corporation into the ground. See for example https://paulluverajournalonline.com/weblog/2007/02/eddie_bauer_pay.html. Now we see Alan Fischman of Washington Mutual jumping the sinking ship with $19 Million. This is a man who has been on the job all of an entire three weeks. He signed on with a $7.5 signing bonus and got a $16.6 million severance payment. Not bad pay for a temporary employee.
Not only that, former CEO Kedrry Killinger was paid some $54 Million for his mismanagement over five years and I understand is eligible for about a $20 million severance payment.
So want about the WaMu shareholders? Oh, their stock is worthless.