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WASHINGTON MUTUAL Message Board

  • katekir1234 katekir1234 Feb 19, 2012 12:16 PM Flag

    Still asking myself(and the board)why EC agreed to Kosturos running the show after ch11

    Does Kosturos know MW is as bad as he is??Or did Kosturos agree to paying MW double of what he is worth??It surely can not be the reason they are giving Kosturos knowing the whole case.He didn't even know how people were on the board.Something smelling real bad here.

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    • If I recall correctly, the language calls for Kosturos to step down six months after emerging from Bankruptcy. This is prob a transitional matter since Kosturos the rat has been the one at the wheel for the last three years and is probably needed to sort help with the transition to new management.

 
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