The final CEO of Washington Mutual made $19 million in three weeks, while the company was failing.

The final CEO of Washington Mutual made $19 million in three weeks, while the company was failing.

Washington Mutual was a savings bank holding company, and was the largest savings and loan association in the United States until it's collapse in 2008.Washington Mutual Bank’s closure and receivership is considered the largest bank failure in American financial history.

However, their final CEO, Alan H. Fishman, can’t complain about what happened to Washington Mutual in the end.Before the company was seized by federal regulators in 2008, Fishman made $19 million at the position. His tenure was less than three weeks. SEC records state that the CEO before Fishman made $14 million for one year on the job.

(Source)

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