Thread: House votes to clamp limits on bonuses
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Old 08-01-2009, 12:43 PM   #7
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Default Re: House votes to clamp limits on bonuses
When Washington Mutual fell into Chapter 11 and was taken over by Chase, the CEO of WaMu, Alan H. Fishman, received a $7.5 million sign-on bonus and was offered an additional $11.6 million cash severance (which he, perhaps wisely, declined). This was after he had spent exactly 17 days in his position.

Do you really think some oversight is a bad idea? Really?
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