Washington Mutual CEO earns $20 million for 17 days of work

This really is a fantastic time to get fired, assuming your the CEO of a multi-million dollar company that might fail miserably soon! In the latest example of corporate insanity and personal greed, former CEO of WaMu Alan Fishman earned almost $20 million dollars for his 17 days of 'work' at the bank. Part of that work must have been making sure he could take a much money as possible for yourself, before your bank goes under and your customers are screwed.

Now I'll admit, I've never worked at or even been a CEO of a major company. But anybody who works at the top of a company for 17 days before the company totally fails probably deserves a swift kick in the ass, not $20 million dollars.

This has been an n-going trend with recent bank failures, and I doubt it will stop any time soon. American International Group (AIG) CEO Martin Sullivan received a $47 million severence package after leading his company to financial ruin. Stanley O'Neal at Merrill Lynch walked away with $66 million shortly before the company was taken over by Bank of America. Ken Thompson was thrown out of Wachovia in June and got $5 million while Chuck Prince was forced out at Citigroup and given $16 million. Even John McCain's financial adviser Carly Fiorina received $45 million from Hewlett-Packer when she left the company. Fiorina insists that it was only $40 million in severance. Fannie Mae's Daniel Mudd and Freddie Mac's Richard Syron received $11 and $18 million severance packages after leaving just before criminal investigations were launched into their business practices.

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