Sunday, December 28, 2008

The Reckoning: The Rise and Fall of Washington Mutual, Subprime Sharks

“[The WaMu CEO] has made over $100 million over his tenure based on the aggressiveness that sunk the company,” said Mr. Au, the money manager. “How does he justify taking that money?”

In June, Mr. Au sent an e-mail message to the company asking executives to return some of their pay. He says he has not heard back.

The New York Times > Business > Image > Rise and Fall
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