Alan H Fishman

Alan H Fishman was appointed CEO of banking giant Washington Mutual on September 8th 2008.

On September 25th Washington Mutual was purchased by JP Morgan & Co.

This followed a 2-week run on WaMu's deposits, during which customers withdrew $16.7 billion. A move which forced the FDIC to find a buyer so as to avoid draining their insurance funds (All deposits up to $100k in a recognised US financial organisation are insured by the FDIC) in the event of the bank going 'bang'

Alan H Fishman was appointed with a $7.5million sign-on bonus.

17 days later he was "let go" with a cash severance package totaling $11.6 million

Think about this utter shit-gripper as the financial markets implode and you sit at the breakfast table wondering where your next mortgage payment is coming from or why you've just been charged $35 for that bounced check.