WaMu ousts CEO Killinger: report

Source: Reuters

NEW YORK (Reuters) - Washington Mutual Inc has ousted Kerry Killinger as its chief executive, and will replace him with Alan Fishman, who is now chairman of mortgage broker Meridian Capital Group, the Wall Street Journal reported on its website on Sunday.

Killinger was told last Thursday by WaMu's board chairman, Stephen Frank, and another director that the board had concluded he should retire, the Journal reported, citing unnamed sources.

A spokesman for the largest U.S. savings and loan could not be reached immediately for comment.

WaMu's board stripped Killinger of his chairman's post earlier this year after shareholders voted for a replacement. Killinger had been chief executive of Seattle-based Washington Mutual since 1990, and became chairman the following year.

In July, the largest U.S. savings and loan posted a $3.33 billion second-quarter loss, as souring mortgages forced it to set aside more money for loan losses.

Read more: http://ca.news.yahoo.com/s/reuters/080908/n_business_reuters/business_washingtonmutual_ceo_col

"Let The Bodies Hit The Floor"

and fuck 'em. They're sharks.

Hawkeye-X

They have been an awesome bank for me.

the 3rd party is. The 3rd party checking system said my account was frozen because of a flag - problem is - I only use my checking account for online purchases and I carefully check my balance every day.

I forced them to close my account, and opened a CU account - I haven't regretted it.

Hawkeye-X

like i said they have always gone out of their way for me.

I am not rich by any means either.

a good bit of their cash flow these days comes from exorbitant fees.

My guess is that's one reason they bought one of the worst credit card compnies out there: Providian.

that is enough to keep me away from them forever.

suppose he comes at them with his magic murderbag...

:eyes: