Washington Mutual - $20,000,000 v $5,000 - whose severance package would you prefer? | Glassdoor
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There are newer employer reviews for Washington Mutual

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"$20,000,000 v $5,000 - whose severance package would you prefer?"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Compliance Body in Irvine, CA
Former Employee - Compliance Body in Irvine, CA
Doesn't Recommend

Pros

It used to be because they seemed to be in touch with their customers with their funny "Stodgy Banker" ads and free checking. Then they lived a lie by telling everyone the bank was fine, all the time relying on the customers deposits as the reason they were in a "healthy position". Shame on you Kerry Killinger and others.

Cons

Management were totally distant..no recognition for a good job, just more work. I got a 50 cent pay increase in 4 years! Fishman, The CEO left after A MONTH with $20,000,000 dollars and most of the workers got between $5,000-$10,000. Disgusting.

Advice to Management

Resign.

Other Employee Reviews for Washington Mutual

  1. "WaMu employees deserved better"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Paralegal in Seattle, WA
    Former Employee - Paralegal in Seattle, WA
    Doesn't Recommend
    No opinion of CEO

    Pros

    The co-workers. The stated values of fair, caring, human, driven, dynamic were good ones for many employees who worked hard and deserved recognition. WaMu provided time off to volunteer which was a bonus to those of us who were trying to have a balance between work and life. Many employees were supportive of efforts of their colleagues to have career growth and opportunities for advancement. There was some communication in certain departments which could be provided to other groups by certain managers who felt that having information would help people do their jobs better because they had the whole picture.

    Cons

    The leadership stated values but managers often did not live up to those values. Loyalty was not present. At higher levels information was held too closely. There was some back-stabbing from managers in groups where one face was presented to higher management and to people outside the group, but incoming employees were warned about trusting certain managers. That is unfortunate and does not engender communciation and trust. Performance standards changed routinely and feedback was not given on a continual basis. It was often withheld until review time. Upper level management often spoke of an open door policy, but the only face time you might get was in the elevator.

    Advice to Management

    They should have given employess the right to provide feedback on their managers. Maybe the managers would have improved and things might not have gotten out of control. Most employees were smart people who had a lot to offer.


  2. "I wasted my time here"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Consultant in Los Angeles, CA
    Current Employee - Loan Consultant in Los Angeles, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Your co-workers really keep you alive and kicking. Without them, the benefits are few and far between. The lower tier managers really seem to care for the subordinates but by the time you get to middle to higher management, you'll barely get to hear from them directly let alone witness their presence.

    Cons

    There is a very slow progression for your personal growth and advancement. The ratio between your effort / talent and your compensation is outrageously disporpotionate.

    Advice to Management

    Acknowledge your talented employees. More praise, more money and quicker advancements.

There are newer employer reviews for Washington Mutual
There are newer employer reviews for Washington Mutual

See Most Recent

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