The New York Post reports that Washington Mutual CEO Alan Fishman is entitled to more than $13 million after only being on the job for 18 days. Fishman received a signing bonus of $7.5 million, and is entitled to a severance package of $6.15 million if he is fired without cause.
We all know by now that Washington Mutual's collapse as of today is the biggest bank failure in our country's history. Talk about giving out handouts to people. Amid all of this economic chaos, the selfishness of our country, and big business never ceases to amaze me.
We all know by now that Washington Mutual's collapse as of today is the biggest bank failure in our country's history. Talk about giving out handouts to people. Amid all of this economic chaos, the selfishness of our country, and big business never ceases to amaze me.
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1 comment:
The Answer to Golden Parachutes is a Simple Tax Law change.
Any serverence Package greater than the person's annual salary will be taxed at a rate of 99%
These guys should be able to find other employment in less than a year.
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