Washington Mutual - Too little much too late | Glassdoor
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There are newer employer reviews for Washington Mutual

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"Too little much too late"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Vice President in New York, NY
Former Employee - Vice President in New York, NY
Doesn't Recommend
Disapproves of CEO

Pros

The WaMu I knew had a long, proud history of serving its communities, customers and clients. While it was in business I was proud to work there.

Cons

WaMu's senior management utterly destroyed the bank. Between 2007 and 2008 the company stock slid from $40 down to 10 cents as it imploded, its assets ultimately sold to JPM at firesale prices by the federal government.

Advice to Management

Too little much too late. They presided over one of the greatest examples of the destruction of shareholder equity in the history of capitalism. On the flip side after this performance it should not be hard for any of them to actually improve as managers.

Other Employee Reviews for Washington Mutual

  1. "Money was good, management was selfish"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Loan Officer Assistant in Hauppauge, NY
    Former Employee - Senior Loan Officer Assistant in Hauppauge, NY
    No opinion of CEO

    Pros

    Money was good
    Is was located on service rd of Expressway which was convenient

    Cons

    Management was selfish
    The assistants worked like dogs with very little praise, loan officers got all of the glory

    Advice to Management

    Respect a good job when a good job was done, it's nice to be acknowledged when you have done a good job


  2. "It was a good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Accounting Specialist in Pleasanton, CA
    Former Employee - Accounting Specialist in Pleasanton, CA
    No opinion of CEO

    Pros

    Always felt I was needed and appreciated

    Cons

    Sr Executives allowed it to be shut down/taken over by JP Morgan Chase

    Advice to Management

    Stop being so greedy

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

See Most Recent

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