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The prescient executives at Washington Mutual must have seen it coming. How else can you explain the March change to their compensation plans that ensures bonuses are granted without consideration to the impact of the credit crunch and bad mortgage bets made by the bank? It must be nice setting your own rules.
Yes - I think I’ll make my bonus this year dependent on all of my successes taken in a vacuum without regard to the destruction I wrought with my over-zealous greed and shortsightedness. Sold!
