Saturday, September 27, 2008

WaMu failure editorial

A salient quote.

And Alan Fishman seems to be the most overpaid, underwhelming executive to come along since...Kerry Killinger.  Nice going board and Fishman.  Nice.

Editorials & Opinion | WaMu: Seattle's big bank bites the dust | Seattle Times Newspaper
How many of Washington Mutual's 43,200 employees should be deemed personally responsible for this? Very few. The directors, to be sure. A more useless board of directors would be difficult to find. Former CEO Kerry Killinger, absolutely. A few others.

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