Kerry Killinger

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WaMu Cans CEO Killinger

From rapid expansion and growth to rapid decline, WaMu is in deep trouble

(Newser) - The enduring subprime contagion has claimed another victim, as downtrodden Washington Mutual has forced out CEO Kerry Killinger, reports the Wall Street Journal. Killinger, who has led the nation’s largest thrift since 1990, and has taken it from a small Seattle business into one of the nation’s largest... More »

Shareholder Revolt Strips WaMu Execs of Fat Pay

One resigns; chairman asked to step down

(Newser) - Washington Mutual shareholders got some of the blood they were out for yesterday, the Wall Street Journal reports, as the company backtracked on a pay scheme that would have shielded company executives from the subprime fallout. Board finance-committee head Mary Pugh also resigned, appeasing investors who blamed her for failing... More »

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