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While CEO of
Washington Mutual in 2007, Killinger earned a total compensation of $ 14,364,883. In 2008, he took home $ 25.1 million in compensation. Killinger received a $ 15.3 million severance payment in September 2008 "as well as a $ 445,200 lump-sum payment for vacation benefits and a $ 300,669
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In 2003, Killinger predicted that by 2008, Washington Mutual would not be identified as a bank serving wealthy customers, but a consumer bank serving everyday people, and they ultimately served over 11 million customers during the tenure of the bank. He said "We hope to do to this industry what
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Killinger previously served on the boards of the
Seattle Alliance for Education, Seattle Repertory Theater, Washington Roundtable, Seattle Chamber of Commerce, Financial Services Roundtable, Seattle Federal Home Loan Bank, and Federal Reserve's Thrift Industry Advisory Council. Killinger also
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Throughout his life, Killinger (with his wife Linda) has supported charitable organizations and higher education institutions in
Seattle, Des Moines Iowa, and Palm Desert California. Through the Kerry and Linda Killinger Foundation they are founding sponsors of Cascade Public Media's
61:
in 1971. He began his career in the financial services industry in 1972 as an investment analyst with
Bankers Life Insurance Company of Nebraska, and moved on to Murphey Favre in 1976 where he rose from a securities analyst to executive vice president and director.
136:
In March 2011, Killinger and two other bank officers were sued by the FDIC for "reckless lending". Killinger counter-sued the FDIC and all cases were settled in 2012 with no findings of fault. Investigations by the
33:. The book received the Axiom Business Book Awards Bronze Medal, the Nautilus Award for Journalism and Investigative Reporting Silver Medal, and the IPPY award for Finance/Investments/Economics.
110:
named him its 2001 Banker of the Year. During his tenure as CEO, Washington Mutual grew from 30 branches and $ 7 billion of assets to over 2,000 branches and $ 300 billion of assets.
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22:(born June 6, 1949) is an American businessman and author. He is founder and CEO of Crescent Capital Associates, and previously served as chairman and chief executive officer of
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as their receiver in the largest bank failure in the history of the United States. The FDIC incurred no losses on the seizure and sale of
Washington Mutual.
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All proceeds of the book are donated to charities engaged in criminal and social justice, government reform, civil discourse, and community building.
227:
650:
Grind, Kirsten (16 July 2013). "The Lost Bank: The Story of
Washington Mutual-The Biggest Bank Failure in American History". Simon and Schuster.
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similarly concluded there were no findings of fault or basis to bring charges against
Killinger or any executive officer of Washington Mutual.
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in 1983 when it acquired
Murphey Favre. Killinger was named executive vice president, and promoted in 1986 to senior vice president, and to
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In 2008, Washington Mutual faced mounting losses from the mortgage market and steep declines in stock prices as a result of the
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125:. The Office of Thrift Supervision (OTS) seized Washington Mutual's banking divisions on September 25, 2008, and named the
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Walmart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe’s-Home Depot did to their industries."
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in 1988. He was named president of the company that same year, CEO in 1990, and chairman in 1991.
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121:. The board of directors removed Killinger as CEO on September 8, 2008, replacing him with
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The Lost Bank: The Story of
Washington Mutual —the Biggest Bank Failure in American History
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The portrayal of
Killinger’s role in WaMu's downfall, told by Wall Street Journal reporter
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received the Points of Light award from President George H.W. Bush for his philanthropy.
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247:"The Inside Story of WaMu - The Biggest Bank Failure in American History"
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392:"Kerry & Linda Killinger Foundation to sponsor 2019 Greenlee Summit"
374:"The Crosscut Festival Was Seattle's Response To A Fast-Changing Region"
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Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today.
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Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today
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Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today
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228:"Ex-WaMu CEO Killinger Said to Be Near Settlement in Bank Failure"
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559:"Compensation for Kerry K. Killinger at Washington Mutual (WM)"
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606:"F.D.I.C. Sues Chief Executive in Washington Mutual Collapse"
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Goodman, Peter S.; Gretchen Morgenson (December 27, 2008).
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American chief executives of financial services companies
673:"Former WaMu CEO Kerry Killinger maintains a low profile"
637:"Former WaMu CEO Kerry Killinger maintains a low profile"
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https://nautilusbookawards.com/2022-winners-cat-11-20/
534:"WaMu Assets Sold to JPMorgan in Record Bank Failure"
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Killinger, Kerry; Killinger, Linda (23 March 2021).
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https://www.linkedin.com/in/kerry-killinger-18279026
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Communications and Civility in our Democracy Summit
532:Levy, Ari; Elizabeth Hester (September 26, 2008).
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483:"By Saying Yes, WaMu Built Empire on Shaky Loans"
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29:He and his wife Linda co-authored the 2021 book
156:was challenged by Killinger in an open letter.
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511:"Washington Mutual ousts CEO Kerry Killinger"
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16:American businessman and author (born 1949)
578:"Killinger got $ 25M in WaMu's final year"
355:"The Kerry and Linda Killinger Foundation"
86:In 2021, the Killingers authored the book
341:"2022 Medalists- General Categories 1-58"
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359:The Kerry and Linda Killinger Foundation
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372:McGough, Annelise (February 6, 2018).
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671:Hugiya, Hugo (September 20, 2013).
226:Jesse Hamilton (December 4, 2013).
49:. He received his education at the
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446:Nothing is Too Big to Fail
267:Nothing is Too Big to Fail
79:at Iowa State University.
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561:. Equilar. Archived from
119:subprime mortgage crisis
41:Killinger was born in
26:from 1990 until 2008.
677:The Business Journals
168:(2021, RosettaBooks;
143:Department of Justice
37:Early life and career
451:Simon & Schuster
396:greenlee.iastate.edu
133:'special payment'".
513:. September 8, 2008
611:The New York Times
488:The New York Times
75:in Seattle, and a
51:University of Iowa
583:The Seattle Times
453:. 23 March 2021.
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43:Des Moines
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.