Company: J-P-Morgan
Date: 2008-12-31
Overall rating: 3/5
Employment status: current

The ups and downs of being a Wamulian
Pros: Benefits are very competitive and affordable.  The employee portion is based on your salary so the higher your salary the more you contribute to the benefit package.  This is very helpful for lower level employees who are not paid as much.  The atmosphere at Wamu was very pleasant and it was an enjoyable place to work, but as pressure increased to push through loans the feeling became more of a sweatshop than a bank.
Cons: There is a lack of communication.  Even during the time when we knew the company was going under, the official communications we recieved still stated we were in a strong  position and to provide that information to customers as well. To continue to encourage employee participation in stock plans that were doomed to failure is gross negligence on the part of the company's leadership