OBSCENE AMOUNTS PAID TO CEO’S OF BANKRUPT CORPORATIONS

OBSCENE AMOUNTS PAID TO CEO’S OF BANKRUPT CORPORATIONS

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 Corp greed 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.

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