Wamu Ceo..

[tony23]

Originally Posted by Mathguy

Can you rationally explain why you hate banks,

It's probably part of the whole "corporations are evil" mentality that so many have bought into. After all, we all know that corporations exist solely for the purpose of killing people and destroying the planet.

[jimmyP]

Originally Posted by Freebird2007

well, technically its not his fault that the FDIC overstepped their authority and sold off WAMU before it was even seized.


the FDIC and JPM are the crooks here, not the CEO

I love when people like to defend the CEO's of FAILED institutions by saying it wasn't his fault. If the CEO has little impact on the failure or success of an organization why do they command such ridiculous salaries.

I have no problem with rewarding people for success but rewarding for failure is destructive.

To use a baseball analogy, Ted Turner once said "the problem with major league sports is not paying superstars $10 million per year, it's paying a mediocre shortstop who hits 220 $1 million per year"

[tony23]

Originally Posted by jimmyP

I have no problem with rewarding people for success but rewarding for failure is destructive.

And is the norm in our society anymore. We reward failure and punish success. It's not just happening at the corporate CEO level.