The paragraph that I am quoting below is EXACTLY why we are in such a mess!
I will highlight the key sentance in bold for everyone.....and then we wonder why this mess has gotten so out of control......
_______________________________________________________________________
Government Seizes WaMu and Sells Some Assets - NYTimes.com: "But the seizure and the deal with JPMorgan came as a shock to Washington Mutual’s board, which was kept completely in the dark: the company’s new chief executive, Alan H. Fishman, was in midair, flying from New York to Seattle at the time the deal was finally brokered, according to people briefed on the situation.
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."
______________________________________________________________________
Arrg.....is all I can say
No comments:
Post a Comment