Former WaMu Execs Sue for Golden Parachutes - Tilted Forum Project Discussion Community

Pogue Mahone · 08-02-2009, 08:01 PM

Linkage:
Former WaMu execs sue for golden parachutes - Seattle- msnbc.com

Seriously? Seriously???

This just grinds my gears. These fools were fired last year because they were so greedy / incompetent that they nearly drove their business into bankruptcy - they did such a terrible job at running their own company the government had to step in to suss things out. And they believe they deserve severance pay? Potentially on the backs of taxpayers?

F them!

QuasiMondo · 08-02-2009, 08:22 PM

But do they have a case?

Hektore · 08-03-2009, 06:48 AM

If it was specified in their contracts that they were to get a severance package, independently of their performance, then I don't see how they aren't entitled to it.

If I'm going to be mad at someone I'm going to be mad at the government for failing to do their due diligence in taking the company over to make sure this sort of thing didn't happen.

/deja vu.

dksuddeth · 08-03-2009, 11:23 AM

couldn't find a link. i'll come back to this

hunnychile · 08-03-2009, 05:13 PM

Let him take it out in trade from the Walmart stores. He, too, can get extra large 48 pack rolls of cheap ass-numbing toilet paper the leaves dingle berries on his ass.

Oh and how about a 2 years worth of plastic shoes that make your feet sweat and smell bad? No, better yet, that 12 pack of spaghetti O's in the new tupperware re-heatable containers? Then he can entertain his stock market pals....yum,

sapiens · 08-03-2009, 05:57 PM

Quote:

Originally Posted by Hektore

If it was specified in their contracts that they were to get a severance package, independently of their performance, then I don't see how they aren't entitled to it.

If I'm going to be mad at someone I'm going to be mad at the government for failing to do their due diligence in taking the company over to make sure this sort of thing didn't happen.

/deja vu.

Your post reminds me of "don't hate the player, hate the game". And I don't necessarily disagree with you.

Schwan · 08-13-2009, 01:22 PM

I had a nice and long reply in mind, and QuasiMondo just beat me to it in a single sentence.

raptor9k · 08-24-2009, 01:04 PM

The contract should be followed. I personally don't think the government should have intervened in the first place. The market can't correct itself if failure is not a potential outcome to poor decision making or practices.

FuglyStick · 08-27-2009, 07:39 PM

Quote:

Originally Posted by raptor9k

The contract should be followed. I personally don't think the government should have intervened in the first place. The market can't correct itself if failure is not a potential outcome to poor decision making or practices.

Except, of course, the real victims are those that were bankrupted by criminals. The free market is not justice.

Baraka_Guru · 08-27-2009, 07:45 PM

Oh, wow, look....more supporting evidence for the case for banking regulation.

08-02-2009, 08:01 PM	#1 (permalink)
Pogue Mahone Crazy Location: Denver, Colorado	Former WaMu Execs Sue for Golden Parachutes Linkage: Former WaMu execs sue for golden parachutes - Seattle- msnbc.com Seriously? Seriously??? This just grinds my gears. These fools were fired last year because they were so greedy / incompetent that they nearly drove their business into bankruptcy - they did such a terrible job at running their own company the government had to step in to suss things out. And they believe they deserve severance pay? Potentially on the backs of taxpayers? F them! __________________ I still wave at the dots on the shore And I still beat my head against the door I still rage and wage my little war I'm a shade and easy to ignore

08-02-2009, 08:22 PM	#2 (permalink)
QuasiMondo Wise-ass Latino Location: The Platonic Wastelands.	But do they have a case? __________________ Cameron originally envisioned the Terminator as a small, unremarkable man, giving it the ability to blend in more easily. As a result, his first choice for the part was Lance Henriksen. O. J. Simpson was on the shortlist but Cameron did not think that such a nice guy could be a ruthless killer. -From the Collector's Edition DVD of The Terminator

08-03-2009, 06:48 AM	#3 (permalink)
Hektore Psycho Location: Greater Harrisburg Area Blog Entries: 1	If it was specified in their contracts that they were to get a severance package, independently of their performance, then I don't see how they aren't entitled to it. If I'm going to be mad at someone I'm going to be mad at the government for failing to do their due diligence in taking the company over to make sure this sort of thing didn't happen. /deja vu. __________________ 1. d4 d5 2. c4

08-03-2009, 11:23 AM	#4 (permalink)
dksuddeth Junkie Location: bedford, tx	couldn't find a link. i'll come back to this __________________ The conspiracy of ignorance masquerades as common sense. Last edited by dksuddeth; 08-03-2009 at 11:30 AM..

08-03-2009, 05:13 PM	#5 (permalink)
hunnychile Alien Anthropologist Location: someplace else	Let him take it out in trade from the Walmart stores. He, too, can get extra large 48 pack rolls of cheap ass-numbing toilet paper the leaves dingle berries on his ass. Oh and how about a 2 years worth of plastic shoes that make your feet sweat and smell bad? No, better yet, that 12 pack of spaghetti O's in the new tupperware re-heatable containers? Then he can entertain his stock market pals....yum, __________________ "And in the end, the love you take is equal to the love you make" - The Beatles

08-13-2009, 01:22 PM	#7 (permalink)
Schwan Addict Location: EU! Blog Entries: 7	I had a nice and long reply in mind, and QuasiMondo just beat me to it in a single sentence.

08-24-2009, 01:04 PM	#8 (permalink)
raptor9k Tilted Location: Arkansas	The contract should be followed. I personally don't think the government should have intervened in the first place. The market can't correct itself if failure is not a potential outcome to poor decision making or practices.

08-27-2009, 07:45 PM	#10 (permalink)
Baraka_Guru Dracologist Super Moderator Location: Toronto, Canada Blog Entries: 89	Oh, wow, look....more supporting evidence for the case for banking regulation. __________________ Humankind cannot bear very much reality. —"Burnt Norton," Four Quartets, T. S. Eliot