hey wyosteven, here's a rich pig for you: 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.
Just the Facts: JPMorgan Buys WaMu's Deposits Division [View article]
Niiiiice! 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.
Stunning Reversals: Is This a Market or a Casino? [View article]
doomsday scenario is good to scare the average hamburger-grown citizen, but koreans/chinese/russia... etc. investors are not stupid - koreans obviously carried out a due-diligence and were prudent enough to say nope. probably they're not lame enough to bail out a piece of crap until the asking price is appropriate. pay for the shiny name in the end at rock bottom price - that's my bet.
Breaking news: Standard & Poor's will remove Fannie Mae and Freddie Mac from its S&P 500 Index after the close of trading Wednesday. The minimum market capitalization a company must maintain to be eligible for the S&P 500 Index in $5 billion. At the close of trading on Tuesday, Freddie's market capitalization was $614 million and Fannie's was $1.04 billion.
When It Rains, It Pours [View article]
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.
When It Rains, It Pours [View article]
Just the Facts: JPMorgan Buys WaMu's Deposits Division [View article]
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.
Stunning Reversals: Is This a Market or a Casino? [View article]
Stunning Reversals: Is This a Market or a Casino? [View article]
Breaking news:
Standard & Poor's will remove Fannie Mae and Freddie Mac from its S&P 500 Index after the close of trading Wednesday.
The minimum market capitalization a company must maintain to be eligible for the S&P 500 Index in $5 billion. At the close of trading on Tuesday, Freddie's market capitalization was $614 million and Fannie's was $1.04 billion.
Oh-oh, is LEH close to removal too???