|
| |
Washington Mutual Inc.
| Headquarters location: 1201 3rd Ave. Seattle, WA 98101 |  | Tel. 206-461-2000 Job offers, investor relations: www.wamu.com Stock:  |
|
Washington Mutual belongs to |
| shareholder | country % source |
|
| subsidiary | country % source |
|
|
name  items photo compare the prices |
Shop local, ethical and at the best price on Ethishop ! |
|
|
« ETHICAL » RATING OF WASHINGTON_MUTUAL
, group
and subsidiaries
[ ?] |
| Job: 20% of company's jobs cut since 1998 |
| Delinquency: 2 act(s) of financial or trade delinquency |
| Tax haven, secret bank account, shell companies: operates in 1 offshore financial center(s) |
| Sales: more than 18 billion(s) dollars/euros in annual sales |
| Net profit: more than 18 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 744 times the median income in the United States (32000 US$/year) |
| Influence: 1 act(s) of direct corruption or lobbying |
|
|
Relevance: business & market share |
Washington Mutual is managed by |
| year name | photo position; compensation source |
| 2003Casey, Thomas |  Chief Financial Officer; salary: 3.24 million US$; |
| 2003Longbrake, William | Chief Executive Officer; salary: 4.84 million US$; stock-options: 2.69 million US$; |
| 2003Tall, Craig | Vice-president; salary: 1.57 million US$; stock-options: 4.44 million US$; |
|
|
year | employees <> | social impact : country source |
| 2008 | -3000 | Internal restructuring: Washington Mutual closes its 186 stand-alone home lending offices and stops offering loans through mortgage brokers.: United States of America | Reuters  |
| 2007 | -2600 | Internal restructuring: Washington Mutual Inc. will write down the value of its home lending unit by $1.6 billion in the fourth quarter and cut about 6 percent of its workforce as mortgage-market losses increase.: United States of America | Bloomberg |
| 2006 | 60000 -2500 | Internal restructuring: The company is closing 10 home loan-processing centers and more than three dozen smaller support offices as it trims staff to match slower demand for mortgages. The 10 largest offices being closed are in Chatsworth, Campbell, and Stockton, Calif.; Dedham and Quincy, Mass.; Lake Worth, Fla.; Lancaster, Pa.; Lake Oswego, Ore.; Novi, Minn., and Columbia, S.C. Another 38 smaller offices scattered across the country also will be closed, costing about 500 people their jobs. The remaining 500 job cuts will occur through the elimination of positions at various offices in the company's home loan unit.: United States of America | AP |
| 2004 | 59173 | |  |
| 2003 | 63720 | | |
| 2003 | 52459 | | |
|
| year | financial misdemeanor | sales | income | assets | | source |
| 2007 |
Washington Mutual, one of the largest American banks, was officially charged Wednesday of "collusion" and "fraud" for encouraging real estate rating agencies to inflate their estimates, in order to increase its loan activity on real estate property. "Our investigation on the credit loan societies discovered that Washington Mutual illegally made pressure on the appraisers to obtain inflated evaluations. All the companies which repurchased credits in Washington Mutual must check that they are not touched by this fraud ", launched the prosecutor of New York Andrew Cuomo on its Internet site. Mr. Cuomo indicated that the companies of mortage refinancing Fannie Mae and Freddie Mac "cannot be allowed any more to except buy the mortgage claims of Washington Mutual if they are certain that these appropriations are based on independent and reliable estimates". Mr. Cuomo carried sued First American Corporation and its eAppraiseIt, one of the largest real estate rating company in the United States, for collusion with Washington Mutual. Many e-mail discovered by its services shows how executives of First American and eAppraiseIT provided estimates overestimated - while knowing that that was illegal - in order to obtain more contracts with the bank. Between April 2006 and October 2007, eAppraiseIT provided 250.000 evaluations in Washington Mutual, added Mr. Cuomo. |
| | | | | | AFP |
| 2004 |
| | | 0.28 | | billion US$ |  |
| 2003 |
| 18.01 | 3.88 | | | billion US$ | |
| 2003 |
Created proprietary mutual funds to avoir paying state and federal incomes taxes billions of dollars of income from 1995 to the present |
| | | | | | Alternet |
| 2002 |
| 19.04 | 3.9 | | | billion US$ | |
| 2001 |
| 17.69 | 3.11 | | | billion US$ | |
| 2000 |
| 15.77 | 1.9 | | | billion US$ | |
| 1999 |
| 13.57 | 1.82 | | | billion US$ | |
|
|
|
|
Also announce a documentary, a book or an article or comment this company profile.
Goal: present the company activities, improve the ethical rating's accuracy, develop an network of observers.