Another Windfall! Fishman Wins Lottery!

Talk about being in the right place at the right time!

Fishman, CEO of Washington Mutual, took over the helm in September of this year. WAMU was seized by the regulators just three weeks later and the assests were sold off to JP Morgan. What was his salary and bonuses for just three weeks on the job?

Signing bonus – $7.5m

Shares – 612,500 – became worthless

Parachute – $6.15m

Annual bonus – $3.65m (not sure if he received this)

Pocketed – At least between $11m and $18m

Not a bad three weeks work if I say so myself!