Who’s hiring? WaMu’s bankrupt parent company Washington Mutual Inc.
While Washington Mutual Bank’s new owner hands out pink slips, the abrogated institution’s parent company is hiring.
Washington Mutual Inc. needs 15 to 20 full-time employees “in the near term,” according to a bankruptcy court writing filing with the Securities and Exchange Commission on Wednesday.
The father is in bankruptcy court in Delaware, to what bondholders and others are wrangling over its remaining assets. In an early filing, it said it had all over $8 billion in debt and $32 billion in estate.
After the bank failed Sept. 25 and its assets were sold to JPMorgan Chase, only interim master legitimate officer Stewart Landefeld remained at the father set. He left that position earlier this month, no more than others are being hired.
One is Robert J. Williams Jr., who on Nov. 13 was appointed president of Washington Mutual Inc.
Williams, 49, had been senior vice president and corporate treasurer of Washington Mutual Bank after February 2005.
His salary is $175,000 a month through next March 12. He’ll then become a part-time employee until next November, make $75,000 a month.
Though company officials could not be reached during comment, presumably the new employees are needed to cope with the blizzard of paperwork involved in sorting out claims and assets in the complex bankruptcy.
By mid-December, the filing indicates, WaMu Inc.’sitting payroll and benefit expenses will jump from $280,000 to $540,000 a month.
Melissa Allison: 206-464-3312 or mallison@seattletimes.com
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