Alan H. Fishman

Alan H. Fishman (born 16 March 1946 [cite web|url=http://www.marquiswhoswho.com/biogs/Biography.aspx?tbn=wXmqvhrXvHs=|title=Biography of Alan Fishman|publisher=Marquis Who's Who] ) was the last CEO of Washington Mutual (WaMu) before its seizure by federal regulators on September 25 2008. Most of the company, including its banking operations, was sold to JPMorgan Chase for $1.836 billion. Fishman joined WaMu on 8 September 2008, replacing outgoing CEO Kerry Killinger as part of that bank's restructuring in the face of the subprime mortgage crisis of 2008. [ [http://www.marketwatch.com/news/story/wamu-replaces-ceo-signs-agreement/story.aspx?guid={3DB03BE0-A47D-4C74-92F3-FD8453952CC5}&dist=msr_8 " WaMu replaces CEO, signs agreement with regulator"] ]

According to C-Span on 26 September 2008, Alan H. Fishman was ultimately paid $19 million dollars for three weeks of being with Washington Mutual, including severance pay. Meanwhile, the company's stock price dwindled to only pennies. The previous CEO was paid $14 million for one year on the job.

Fishman holds a bachelor's degree from Brown University and a master's degree in economics from Columbia University. He was previously president and chief operating officer of Sovereign Bank and president and chief executive officer of Independence Community Bank. He has served as chairman of Meridian Capital Group (beginning in 2007), one of the nation's largest commercial mortgage brokerage firms. He has been a private equity investor, focusing on financial services at Neuberger & Berman, Adler & Shaykin and at his own firm Columbia Financial Partners. In addition, he held senior executive positions at Chemical Bank and ContiFinancial Corporation. [ [http://www.forbes.com/2008/09/17/fishman-wamu-subprime-face-markets-cx_es_0917autofacescan02_print.html] ]

Mr. Fishman has been chairman of the Brooklyn Academy of Music.

References

External links

* http://findarticles.com/p/articles/mi_m0EIN/is_2007_April_16/ai_n19002844
* http://www.marketwatch.com/news/story/alan-h-fishman-joins-washington/story.aspx?guid={A90924C3-1EBF-4144-B8A2-D8E5B9A52243}