Sunday, September 07, 2008
Eric Dash, The New York Times,
Eric Dash, The New York Times,
WAMU Chief Forced Out
Washington Mutual, the country’s biggest savings and loan, ousted CEO Kerry K. Killinger, after leading the company for 18 years.
Mr. Killinger had built Washington Mutual into one of the nation’s biggest financial institutions through a series of acquisitions. But his failure to properly integrate those deals and manage the growing losses from subprime mortgages and credit card loans proved to be his undoing.
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Posted by Editor on 09/07/08 at 09:00 AM •
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