5 Short-Lived CEO Stints

Yet despite quick tenures, several execs still made a pretty penny

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Alan Fishman

WaMu 5 Short Lived CEO StintsCompany: Washington Mutual
Tenure: 17 days

We have to go a bit further back for this final CEO, but it’s too short of a CEO stint to pass up.

The year was 2008. Things weren’t going well at Washington Mutual — or anywhere else, really — and CEO Kerry Killinger got the boot as a result. The man pulled in to replace him: Alan Fishman.

He was described by colleagues as a “blunt-speaking banking veteran” with “the self-confidence, brainpower and decisiveness needed to separate the wheat from the chaff at WaMu,” according to The Seattle Times. But he never got the chance to prove it. Fishman was top of the food chain for a mere 17 days before federal regulators seized the savings and loan giant, then sold it to JPMorgan Chase (JPM).

Still, he did alright for himself despite the unfortunate turn of events. Although Fishman turned down his multimillion-dollar severance payment, he still got a $7.5 million signing bonus for a job that lasted just over two weeks.

As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/5-sad-short-lived-ceo-stints/.

©2014 InvestorPlace Media, LLC

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