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How would you like to make $147, 059 an hour?

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riverdeep Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:31 AM
Original message
How would you like to make $147, 059 an hour?
The recently hired CEO Alan H. Fishman (of Washington Mutual, which just went under and was bought out by JP Morgan) has landed on his feet. He only worked at WaMu for 17 days and will receive roughly $20 million. Thinking on the bright side, just think how much he would have cost to fire if he ran a successful company.


http://jonathanturley.org/2008/09/26/i-quit-washington-mutual-ceo-fishman-gets-20-million-for-17-days-of-work-before-the-whole-company-was-sold/

That's assuming he worked 8 hour days. The actual money amount is probably a bit more than that. That's not including his actual salary and expense account, etc. for that time. I wonder if he wasn't allowed to go the bathroom while he was on the job:

Workers on the bottling line have been upset since last fall, when the company began restricting them to four breaks during a 9.5-hour shift. Only one of the breaks can be unscheduled. Extra trips can result in reprimands. And workers with six violations can be fired.

Some of the 150 affected employees have resorted to wearing protective undergarments, say officials of the United Food and Commercial Workers union, which represents production workers at the Clermont, Ky., ...

(from 2002, since resolved)
http://www.highbeam.com/doc/1G1-120205569.html
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xiamiam Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:33 AM
Response to Original message
1. well, one hour would solve my immediate problems..nt
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:35 AM
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2. The money syphons! Fucking no good bastards!
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Lint Head Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:37 AM
Response to Original message
3. Hey Fishy- Boy. My mortgage is with WAMU. Can you give me
the few thousand bucks it would take to pay off my loan? It's not a mansion. Just a small house. You wouldn't really feel it with 20 fucking million would you? :dem:
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flstci Donating Member (197 posts) Send PM | Profile | Ignore Sat Sep-27-08 09:39 AM
Response to Original message
4. That is ridiculous. N/T
.
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Subdivisions Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:44 AM
Response to Original message
5. The interest on that would take care of my immediate needs. n/t
Edited on Sat Sep-27-08 09:45 AM by Texas Explorer
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EV_Ares Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-27-08 09:46 AM
Response to Original message
6. K&R, stuff like this needs to be exposed as much as possible. Hell, this very
Edited on Sat Sep-27-08 09:46 AM by EV_Ares
thing is part of the country's financial problem.

I always remember and actually think it was Warren Buffet who said the difference between the highest paid employee in a company, which usually is the CEO & the lowest paid employee should never be more than I am not sure but something like 25%. In other words, just like a country, you should not have that huge income gap, that is now in our own country, thanks to GWB and Reagan and the republicans.

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