Started 1 week, 6 days ago (2008-09-29 12:07:00)
by Ga1Dawg
Alan Fishman, chief executive for 18 days before the federal government took control, is eligible for $11.6 million in cash severance and can keep his $7.5 million
signing bonus, according to an analysis by James F. Reda & Associates, a compensation-consulting firm in New York. Fishman, a former CEO of New York-based Independence Community Bank, took over WaMu on Sept. 8 after the ...
Started 1 week, 4 days ago (2008-10-01 12:02:00)
by erikinthered100
Here's an interesting article on WM executive pay. http://blogs.moneycentral.msn.com/topstocks/archiv e/2008/09/... The rewards for
complete failure were spread around to more than just the CEO's. I don't quite understand how capitalism can thrive when you can get paid millions to turn a company into dust. With the tech and financial meltdowns, it's now glaringly obvious that "...
Started 2 weeks, 1 day ago (2008-09-28 10:23:00)
by TMF1000
http://news.morningstar.com/articlenet/article.asp x?id=25443... This is an interesting article. I think we can learn a lot from mistakes. So I think it is good to study the mistakes of good investors, particularly when they are explained. Early in 2007, Nygren again addressed concerns about
WaMu, this time about its subprime exposure. He acknowledged that the subprime market ...
Started 2 weeks, 3 days ago (2008-09-26 11:29:00)
by kahunacfa
Washington Mutual could have been sold as a going concern rather than just the deposits being sold to
J.P. Morgan-Chase. In fact the Board of Directors refused a prior eight or nine dollar a share bid for Washington Mutual. The Board of Directors will be held responsible for that decision by the Shareholders and the Bond holders as a class. - You can count on that. Kahuna,CFA...
Started 2 weeks, 1 day ago (2008-09-28 08:47:00)
by SeattlePioneer
As described by
the Seattle Times: http://seattletimes.nwsource.com/html/businesstech nology/200...
Started 2 weeks, 3 days ago (2008-09-26 10:47:00)
by Mystocks456
What happens to the outstanding shares of this compay, does WM trade on its own or what happens to shareholders. Does shareholders will get shares from JP
Morgan Chase as per the share value of WM? I am all confused when a company is bought over or files for bankruptcy? Please let me know. Thanks in advance, MyStocks456
Started 2 weeks, 2 days ago (2008-09-27 10:05:00)
by gsgreen
So, now that WAMU has been pulled out of WM, it would be interesting to see what assets are left in the
holding company, which in reality is what we all held (hold?) stock in. Does anyone have a handle on that?
Started 2 weeks, 3 days ago (2008-09-25 21:56:00)
by intercst
http://www.fool.com/news/associated-press/2008/09/ 25/jpmorga... JPMorgan Chase & Co. Inc. came to the rescue of ailing
Washington Mutual Inc. Thursday, buying the ailing thrift's banking assets after WaMu was seized by the Federal Deposit Insurance Corp. This is the second time in six months that JPMorgan Chase has taken over a major financial institution crippled by bad bets in the ...
Started 2 weeks, 3 days ago (2008-09-26 01:04:00)
by intercst
http://www.nytimes.com/2008/09/26/business/26wamu. html?bl&am... But the seizure and the deal with
JPMorgan came as a shock to Washington Mutuals board, which was kept completely in the dark: the companys 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. ...
Started 2 weeks, 3 days ago (2008-09-26 02:25:00)
by anuvaka
12:42a ET September 26, 2008 (MarketWatch) SAN FRANCISCO (MarketWatch) -- In the largest bank failure in U.S. history,
Washington Mutual Inc. succumbed Thursday to the fallout from the subprime mortgage crisis, was seized by federal regulators and rapidly acquired by J.P. Morgan Chase for $1.9 billion. The federal Office of Thrift Supervision said it closed WaMu on Thursday and ...
