Company: J-P-Morgan
Date: 2009-02-09
Overall rating: 4/5
Employment status: former

WaMu swollowed up whole by JP Morgan Chase.
Pros: One of the few remaining banks with probably the most promising financial outlook. If you have a job that made through all the consolidations and transitions with Bear Stearns and Washington Mutual, you should have a secure and maybe even prosperous future at least through this challenging economic crisis.
Cons: Huge corporation. Inefficient in many processes. At Washington Mutual we had focused to drive down costs in technology for the last 4 years without sacrificing customer service or quality. While challenging, I do think significant progress had been made. This became particularly visible when aqcuired by JP Morgan Chase where some of the organizational structures and technical strategies reflected the problems and issues WaMu had dealt with years earlier.