NEW YORK, Sept. 8 -- Washington Mutual, ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive Monday, adding him to the growing list of banking bosses ousted by their boards. Its shares fell 3.5 percent after dropping as much as 24 percent earlier in the session. -
Washington Mutual Replaces Its CEO
NEW YORK, Sept. 8 -- Washington Mutual, ravaged by losses from sour mortgages, replaced Kerry Killinger as chief executive Monday, adding him to the growing list of banking bosses ousted by their boards. Its shares fell 3.5 percent after dropping as much as 24 percent earlier in the session.-
By Sara Lepro