Age, Biography and Wiki
Kerry Killinger was born on 6 June, 1949 in Washington, is a businessman. Discover Kerry Killinger's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 74 years old?
We recommend you to check the complete list of Famous People born on 6 June.
He is a member of famous businessman with the age 75 years old group.
Kerry Killinger Height, Weight & Measurements
At 75 years old, Kerry Killinger height not available right now. We will update Kerry Killinger's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Kerry Killinger Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Kerry Killinger worth at the age of 75 years old? Kerry Killinger’s income source is mostly from being a successful businessman. He is from United States. We have estimated
Kerry Killinger's net worth
, money, salary, income, and assets.
| Net Worth in 2023 |
$1 Million - $5 Million |
| Salary in 2023 |
Under Review |
| Net Worth in 2022 |
Pending |
| Salary in 2022 |
Under Review |
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Not Available |
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Not Available |
| Source of Income |
businessman |
Kerry Killinger Social Network
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Timeline
He and his wife Linda co-authored the 2021 book Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today. 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.
In 2021, the Killingers authored the book Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today. All proceeds of the book are donated to charities engaged in criminal and social justice, government reform, civil discourse, and community building.
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 Securities and Exchange Commission and Department of Justice similarly concluded there were no findings of fault or basis to bring charges against Killinger or any executive officer of Washington Mutual.
In 2008, Washington Mutual faced mounting losses from the mortgage market and steep declines in stock prices as a result of the subprime mortgage crisis. The board of directors removed Killinger as CEO on September 8, 2008, replacing him with Alan H. Fishman. The Office of Thrift Supervision (OTS) seized Washington Mutual's banking divisions on September 25, 2008, and named the Federal Deposit Insurance Corporation 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.
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 'special payment'".
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 Walmart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe’s-Home Depot did to their industries."
Killinger joined Washington Mutual in 1983 when it acquired Murphey Favre. Killinger was named executive vice president, and promoted in 1986 to senior vice president, and to director in 1988. He was named president of the company that same year, CEO in 1990, and chairman in 1991. American Banker 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.
Killinger was born in Des Moines, Iowa. He received his education at the University of Iowa, from which he received his BBA in 1970 and MBA 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.
Kerry Killinger (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 Washington Mutual from 1990 until 2008.
