WaMu Fails. First major comercial bank to go.

Re:WaMu Fails. First major comercial bank to go. by olefoo on Friday September 26, 2008 @10:02AM (#316048)

It's more like they are arbitrarily picking someone from their circle of friends at the country club and giving them 'reasonable compensation'.

Beyond that the board wants to reassure themselves that they are making good decisions, consequently they can justify a slightly larger payday for the new CEO on the grounds that since they are such fine people they have hired an above average CEO and should pay him slightly more than the median compensation for Executives in comparable companies...

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Re:WaMu Fails. First major comercial bank to go. by copenja on Friday September 26, 2008 @12:39PM (#316237)

Bullocks.

Acting like Fishman was appointed CEO just because he was a friend of the board is completely false.

He was preivously the CEO of two other banks: Sovereign Bank and Independence Community Bank. He has 25+ years experience as a senior executive in banking.

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Re:WaMu Fails. First major comercial bank to go. by olefoo on Friday September 26, 2008 @07:20PM (#316589)

wschroter was questioning the general case, and I was responding to the general case.

I'm curious why you are so offended by a general viewpointon executive compensation.

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Re:WaMu Fails. First major comercial bank to go. by copenja on Sunday September 28, 2008 @10:55PM (#318052)

I'm not offended. I just think the viewpoint is incorrect.

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